Template:GTMA Master Agreement 2004 12.2: Difference between revisions
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Revision as of 15:56, 16 July 2012
12.2 Suspension
Notwithstanding any other provision of this Agreement, after the occurrence of:
- 12.2.1 an Event of Default; or
- 12.2.2 an event which, with the giving of notice or the passage of time or both would constitute an Event of Default,
with respect to a Party, the other Party (the "Suspending Party") may do one or more of:
- 12.2.3 withhold or suspend payments under this Agreement;
- 12.2.4 suspend its compliance with clause 5; or
- 12.2.5 if the other Party is the ECV Notification Agent, require the ECV Notification Agent to cease complying with clause 5 by giving a written notice to the ECV Notification Agent,
in addition to any other remedies that the Suspending Party may have, subject to clause 13.