Example ContractsClausesSuspension of Obligations
Suspension of Obligations
Suspension of Obligations contract clause examples

Suspension of Obligations. If by reason of “Force majeure", which shall mean for the purpose of this Agreement # acts of God, war, riots, civil unrest, acts of the public enemy, fires, earthquakes, severe weather or storms, or # to the extent beyond the reasonable control of the affected party, strikes, labor disputes, labor shortages, product transportation interruptions or short ages, accidents, unavailability of raw materials or supplies, or any act in consequence of compliance with any order of any government or governmental authority, and, in the case of either (a[[ Supplier:Organization]] or (b[[ Supplier:Organization]], the affected party is delayed or prevented from complying with its obligations under this Agreement, such affected party shall promptly give notice to the other party with an estimated date by which the contingency will be removed.

The Company or Cowen may, upon notice to the other party in writing (including by email correspondence to each of the individuals of the other party set forth on [Schedule 2], if receipt of such correspondence is actually acknowledged by any of the individuals to whom the notice is sent, other than via auto-reply) or by telephone (confirmed immediately by verifiable facsimile transmission or email correspondence to each of the individuals of the other party set forth on [Schedule 2]), suspend any sale of Placement Shares; provided, however, that such suspension shall not affect or impair either party’s obligations with respect to any Placement Shares sold hereunder prior to the receipt of such notice. Each of the parties agrees that no such notice under this Section 4 shall be effective against the other unless it is made to one of the individuals named on [Schedule 2] hereto, as such schedule may be amended in writing from time to time.

Suspension of Obligations. If Licensee shall be prevented from performing any of its obligations because of governmental regulation or order, or by strike or war, declared or undeclared, or other calamities such as fire, earthquake, or similar acts of God, or because of other similar or dissimilar cause beyond the control of Licensee, Licensee’s obligations shall be suspended during the period of such conditions. If such condition continues for a period of more than 60 days, THL shall have the right to terminate this Agreement.

Suspension of Obligations. If the Licensee shall be prevented from performing any of its obligations because of governmental regulation or martial order, or by war, declared or undeclared, or other major and material calamities such as fire, earthquake, pandemic or similar Acts of God (collectively, “Force Majeure Events”), the Licensee’s obligations so affected shall be suspended during the period of such conditions for up to ​ only (“Force Majeure Period”) except for Licensee’s obligations to pay any and all Percentage Royalties or Fees, Advertising Expenditures, and Sole and Absolute Contributions, in each case based on Net Sales earned amounts (but not minimum dollar amounts) and all such earned fees and amounts, and any and all other amounts or payments including, for example interest, under the Agreement and provided the Licensee promptly commences and proceeds diligently to ameliorate the effect. If such condition continues for a period of more than ​, CKI shall have the right to terminate this Agreement.

Suspension of Lender Obligations. If any Lender requests compensation by the Borrower under Section 3.04, the Borrower may, by notice to such Lender (with a copy to the Administrative Agent), suspend the obligation of such Lender to make or continue Eurodollar Rate Loans from one Interest Period to another Interest Period, or to convert Base Rate Loans into Eurodollar Rate Loans, until the event or condition giving rise to such request ceases to be in effect (in which case the provisions of [Section 3.06(c)] shall be applicable); provided that such suspension shall not affect the right of such Lender to receive the compensation so requested.

Suspension of Lender Obligations. If any Lender requests compensation by the Borrower under Section 3.04, the Borrower may, by notice to such Lender (with a copy to the Administrative Agent), suspend the obligation of such Lender to make or continue LIBO Rate Loans from one Interest Period to another Interest Period, or to convert Base Rate Loans into LIBO Rate Loans until the event or condition giving rise to such request ceases to be in effect (in which case the provisions of [Section 3.06(3)] shall be applicable); provided that such suspension shall not affect the right of such Lender to receive the compensation so requested.

SUSPENSION. Buyer may at any time, by notice to Seller, suspend performance of the work for such time as it deems appropriate. Upon receiving notice of suspension. Seller shall promptly suspend work to the extent specified, properly caring for and protecting all work in progress and materials, supplies and equipment Seller has on hand for performance. Upon Buyer’s request, Seller shall promptly deliver to Buyer copies of outstanding purchase orders and subcontracts for materials, equipment and/or services for the work and take such action relative to such purchase orders and subcontracts as Buyer may direct. Buyer may at any time withdraw the suspension as to all or part of the suspended work by written notice specifying the effective date and scope of withdrawal. Seller shall resume diligent performance on the specified effective date of withdrawal. All claims for increase or decrease in the cost of or the time required for the performance of any work caused by suspension shall be pursued pursuant to. and consistent with, Section 6.1. Where any of Buyer’s obligations under this Order are suspended […​…], the term of the Supply Agreement and any Order) applicable to the suspended goods, shall be extended by the same amount of time that Buyer’s obligations to purchase those goods are suspended pursuant to this Section 10. The foregoing language shall not in anyway suspend or diminish Buyer’s Buyer’s Purchase Obligation or Seller’s obligations regarding the Guaranteed Capacity as set forth In the Supply Agreement.

Suspension. The Company may suspend the use of any Registration Statement or Prospectus (a “Suspension”) by the Investor if the Company determines in good faith that such Suspension is necessary to # delay the disclosure of material non-public information concerning the Company, the disclosure of which at the time, in the good faith opinion of the Company’s Board of Directors, would be materially detrimental to the Company or its stockholders for a registration to be effected at such time; # amend or supplement the affected Registration Statement or the related Prospectus so that such Registration Statement or Prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein; or # amend or supplement the affected Registration Statement or Prospectus in order to make the statements therein, in light of the circumstances under which they were made, not misleading; provided, however, in each case of [clauses (x) through (z)], that the Company shall # promptly notify the Investor in writing of such Suspension and the reasons therefor, but shall not disclose to the Investor any material non-public information giving rise to a Suspension under clause (x); # advise the Investor in writing to cease all sales under the Registration Statement or Prospectus until the end of the Suspension; and # use its reasonable best efforts to terminate such Suspension as promptly as practicable. The Company may not exercise its rights pursuant to this subsection # for more than ninety (90) days in the aggregate in any twelve (12) month period.

Without prejudice to the rights which arise out of this Commitment Agreement or by law, the occurrence of a Default or Event of Default shall, while such Default or Event of Default shall be continuing, relieve the Lender of all obligations to make any Advances hereunder (whether or not any Drawdown Notice in respect of any such Advance shall have been received by the Lender prior to the occurrence of a Default or Event of Default) or to accept or comply with any Drawdown Notice.

Suspension. Suspend or go out of a substantial portion of its business.

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