Example ContractsClausesTermination
Termination
Termination contract clause examples

Termination. Upon the payment in full of all Secured Obligations and termination of the Financing Commitments, the security interest granted herein shall automatically (and without further action by any party) terminate and all rights to the Collateral shall revert to the Company. Upon notice of any such termination by the Company, the Collateral Agent will, at the Company’s direction and sole expense, deliver to the Company, or cause the Securities Intermediary to deliver, without any representations, warranties or recourse of any kind whatsoever, all certificates and instruments representing or evidencing all of the Collateral held by the Securities Intermediary hereunder, and execute and deliver to the Company or its nominee such documents as the Company shall reasonably request to evidence such termination.

Termination. This Agreement may be terminated as follows:

Termination. Notwithstanding anything to the contrary contained in this Agreement, this Agreement may be terminated at any time prior to the Closing:

Termination. This Section 5 shall terminate upon the date on which PureTech holds less than ten percent (10%) of then outstanding voting power of the Operating Company.

TERMINATION. This Agreement may be terminated at any time prior to issuance of the Conversion Shares by either Party, but only for a material breach of any of the representations, warranties and covenants by the other Party.

Termination. Either party may terminate this Agreement for any reason upon prior written notice to the other, such termination to become effective thirty (30) days from the date of the notice; provided, that this Agreement may be terminated as a result of a breach by either party of its obligations under this Agreement on thirty (30) days' written notice by the non-breaching party to the breaching party; and provided further, that this Agreement may be terminated on such shorter notice as may be required to comply with applicable laws, regulations, the requirements of any financial institution with an interest in the Aircraft, insurance requirements, in the event the insurance to be provided hereunder is not in full force and effect, or the breaching party's acts or omissions violate the terms of such insurance. Notwithstanding any termination of this Agreement, User shall remain responsible for the costs and expenses incurred during the term.

Service Provider may terminate this Facility IP License and the rights and licenses granted to Owners under this Facility IP License with immediate effect upon notice to Owners if Owners commit a material breach of this Facility IP License and fail to cure such breach within thirty (30) days after Service Provider provides written notice of such breach to Owners (or such later period as may be provided in Service Provider’s notice). As used in this Section 11, a “material breach” shall mean Owners have exercised the license in Section 2 prior to a Triggering Event, have shared the Facility IP in violation of Section 6, or have exercised rights in the Facility IP not granted in this Facility IP License, in all such cases resulting in a materially adverse effect on Service Provider. A material breach does not include an exercise of rights to Facility IP granted to Owners under a separate license between the Parties. Except for the foregoing and as set forth in Section 3(b), this Facility IP License may only otherwise be terminated upon mutual written

Termination. The provisions of this Section 4 shall terminate upon the earlier of the following events:

Termination. Although the Bank anticipates that it will continue the Plan for an indefinite period of time, there is no guarantee that the Bank will continue the Plan or will not terminate the Plan at any time in the future. Accordingly, the Bank reserves the right to discontinue its sponsorship of the Plan and/or to terminate the Plan at any time with respect to any or all of the Participants, by action of its full Board of Directors. The termination of the Plan shall not adversely affect any Participant’s or beneficiary’s right to receive the payment of any benefits under the Plan as of the date of termination, including the right of the Participant or beneficiary to be paid Plan benefits accrued through the date of termination in accordance with the Plan terms and the Participant’s distribution elections in effect at the time of termination.

Termination. This Agreement may be terminated by any Purchaser, as to such Purchaser’s obligations hereunder only and without any effect whatsoever on the obligations between the Company and the other Purchasers, by written notice to the other parties, if the Closing has not been consummated on or before May 23, 2016; provided, however, that no such termination will affect the right of any party to sue for any breach by any other party (or parties).

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