Extraordinary Termination. This Agreement shall be deemed to be terminated in the case of the sale of the Vessel or if the Vessel becomes a total loss or is declared as a constructive or compromised or arranged total loss or is requisitioned.
Extraordinary Termination. The Network User Member or the RBP Operator may terminate the Agreement by giving a written notice of termination upon the occurrence of any of the following events, unless such event results from an event of Force Majeure:
Extraordinary Termination. (a) Upon the re-delivery of a Vessel or if a Vessel becomes a total loss or is declared as a constructive or compromised or arranged total loss or is requisitioned, this Agreement shall continue in full force and effect in relation to the other Vessel(s) only If, for the reasons contemplated in this clause 9.4, only one Vessel remains, then, upon the sale or re-delivery of such Vessel or if such Vessel becomes a total loss or is declared as a constructive or compromised or arranged total loss or is requisitioned, this Agreement shall terminate.
Extraordinary Termination. Both Parties shall have the right to terminate this Agreement with immediate effect by giving written notice to the other Party, if - the other Party becomes insolvent; - the other Party enters into a composition agreement or similar proceedings under bankruptcy laws; - the other Party ceases to carry out its business operations; or - in the event of a material breach of any obligations under this Agreement by the other Party and if such breach has not been remedied within a time period of thirty (30) calendar days. Other terms concerning the breach of contract shall take precedence over this provision.
Extraordinary Termination. In the event of an Extraordinary Termination during the Agreement Term, as defined in Section 9.1(b), the following provisions shall apply.
Extraordinary Termination. Axius SA is entitled to terminate the contract immediately if the tenant fails to meet its payment obligations despite a warning and / or property rights of Axius SA are compromised or threatened in any way whatsoever. In case of early termination of the contract for the reasons described in the preceding paragraph, Axius SA is entitled to remove immediately the subject of the lease, claiming the fees due, plus any arrears interests, and claim damages interests. In this case an amount equal to the remaining months of rental and contractual penalty as defined in section 160 of the CO without prejudice to the right to claim additional damages interests. The tenant is entitled to terminate the lease at the end of an accounting period, in writing and in accordance with a notice period of ninety days, if Axius SA fails to meet its contractual obligations.
Extraordinary Termination. 13.1 The Principal and Contractor are entitled to terminate the Employee Leasing Agreement for good cause with adhering to a termination notice period in accordance with § 314 of the German Civil Code (BGB). Any termination must be in written form.
Extraordinary Termination. This Agreement shall be:
Extraordinary Termination. In the event either Party defaults on its obligations as provided for in this Agreement, the other Party shall give the defaulting Party written notice of said default. If the defaulting Party does not cure said default to the satisfaction of the other Party and notifies in writing such other Party of such cure within 10 (ten) calendar days after receipt of the notice of default, then the Party having given notice of default may terminate this Agreement. This termination shall then be effective immediately upon notification of termination. Notwithstanding the foregoing paragraph, the Franchisee shall be deemed to be in default under this Agreement and this Agreement and all rights granted therein shall be deemed to be terminated effective immediately, without notice or prior opportunity to cure the default in the following cases:
Extraordinary Termination. This Agreement shall be deemed to be terminated in the case of the sale of the Vessel (directly or via a sale of a Controlling interest in the Owners) or, if the Vessel becomes a total loss or is declared as a constructive or compromised or arranged total loss or is requisitioned or has been declared missing, or if bareboat chartered, unless otherwise agreed, when the bareboat charter comes to an end; provided, however, that the foregoing shall not apply to (A) the sale of any Vessel pursuant to a sale/leaseback transaction or (B) any termination or expiration of a bareboat charter of such Vessel by the Owners if such Vessel is purchased (or re-purchased) by the Owners.
