Termination 13 Sample Clauses

Termination 13. Rescisión
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Termination 13. 1. This contract shall not be terminated during the first three (3) years from the effective date. 13.2. Subject to subsection 1 of this Section, this contract may be terminated at any time by agreement of the Parties or in accordance with Article 48 of the Petroleum Mining Code. SECTION 14 BOOKS, ACCOUNTS AND AUDITS BOOKS AND ACCOUNTS 14.1. In addition to any requirements pursuant to paragraph (b) of subsection 4 of Section 5, the contractor shall keep complete books and accounts recording all operating costs as well as monies received from the sale or disposal of petroleum production. AUDITS 14.2. The Joint Authority may require independent auditing of the contractor's books and accounts relating to this contract for any calendar year and may require the independent auditor to perform such auditing procedures as are deemed appropriate by the Joint Authority. The contractor shall forward a copy of the independent accountant's report to the Joint Authority within sixty (60) days following the completion of the audit. The Joint Authority reserves the right to inspect and audit the contractor's books and accounts relating to this contract. SECTION 15
Sample 1
Termination 13. 1 Where a matter becomes a dispute in accordance with Paragraph 12, either party may, within 48 hours’ notice to the other party, suspend the performance of the Services until such time as the dispute is resolved. 13.2 Paragraph 13 does not apply to either party commencing legal proceedings for urgent interlocutory relief. 13.3 The procuring entity may terminate this Contract with at least ten (10) working days prior written notice to the consultant after the occurrence of any of the events specified in paragraphs (a) through (d) of this Clause: (a) If the consultant does not remedy a failure in the performance of its obligations under the Contract within seven (7) working days after being notified, or within any further period as the procuring entity may have subsequently approved in writing; (b) If the consultant becomes insolvent or bankrupt; (c) If the consultant, in the judgment of the procuring entity or the Government, has engaged in corrupt, fraudulent, collusive, coercive, or obstructive practices (as defined in the prevailing Government’s sanctions procedures) in competing for or in performing the Contract. (d) If the procuring entity, in its sole discretion and for any reason whatsoever, decides to terminate this Contract. 13.4 Termination by the consultant The consultant may terminate this Contract, by not less than thirty (30) calendar days’ written notice to the procuring entity, in case of the occurrence of any of the events specified in paragraphs (a) and (b) of this Clause. (a) If the procuring entity fails to pay any money due to the consultant pursuant to this Contract and not subject to dispute, within forty-five (45) calendar days after receiving written notice from the consultant that such payment is overdue. (b) If the procuring entity is in material breach of its obligations pursuant to this Contract and has not remedied the same within forty-five (45) days (or such longer period as the consultant may have subsequently agreed in writing) following the receipt by the procuring entity of the consultant’s notice specifying such breach. 13.5 Termination by default Where a party fails to satisfy any of its obligations under this Contract, other than those referred to in Clauses 13.1 and 13.2 above, the other party may give notice requiring that the failure be remedied within a period of thirty (30) working days and if not remedied within that time, may terminate this contract immediately.
Sample 1
Termination 13. 1 Where a matter becomes a dispute in accordance with Clause 12, either Party may, within forty eight (48) hours’ notice to the other Party, suspend the performance of the Services until such time as the dispute is resolved. 13.2 Clause 13 does not apply to either Party commencing legal proceedings for urgent interlocutory relief. Termination by the Client 13.3 The Client may terminate this Contract with at least thirty (30) calendar days prior written notice to the Consultant after the occurrence of any of the events specified in sub-clauses(a) through (d) of this Clause: (a) If the Consultant does not remedy a failure in the performance of its obligations under the Contract within seven (7) working days after being notified, or within any further period as the Client may have subsequently approved in writing; (b) If the Consultant becomes insolvent or bankrupt; (c) If the Consultant, in the judgment of the Client or the Government, has engaged in corrupt, fraudulent, collusive, coercive, or obstructive practices (as defined in the prevailing Government’s sanctions procedures) in competing for or in performing the Contract; and/or (d) If the Client, in its sole discretion and for any reason whatsoever, decides to terminate this Contract or reduce its scope for convenience. The Client may provide reasons for termination or reduction of scope of services, to the Consultant. 13.4 Where the Client terminates this Contract or reduces its scope for convenience, the Consultant upon receiving notice, must cease or reduce performance of the Services according to the tenor of the notice and forthwith do everything sensible to mitigate losses. In such case, the Consultant shall only be entitled to receive payment as full compensation for all Services performed prior to the date of termination.
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Termination 13 
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Related to Termination 13

  • CFR PART 200 Termination Termination for cause and for convenience by the grantee or subgrantee including the manner by which it will be eff ected and the basis for settlement. (All contracts in excess of $10,000) Pursuant to the above, when federal funds are expended by ESC Region 8 and TIPS Members, ESC Region 8 and TIPS Members reserves the right to terminate any agreement in excess of $10,000 resulting from this procurement process for cause after giving the vendor an appropriate opportunity an d up to 30 days, to cure the causal breach of terms and conditions. ESC Region 8 and TIPS Members reserves the right to terminate any agreement in excess of $10,000 resulting from this procurement process for convenience with 30 days notice in writing to the awarded vendor. The vendor would be compensated for work performed and goods procured as of the termination date if for convenience of the ESC Region 8 and TIPS Members. Any award under this procurement process is not exclusive and the ESC Region 8 and TIPS reserves the right to purchase goods and services from other vendors when it is in the best interest of t he ESC Region 8 and TIPS. Does vendor agree? Yes

  • TERMINATION FOR CAUSE BY CITY 4.05.1 If Contractor defaults under this Agreement, the Director may terminate this Agreement after providing Contractor written notice and an opportunity to cure the default as provided below. The City’s right to terminate this Agreement for Contractor’s default is cumulative of all rights and remedies that exist now or in the future. Default by Contractor occurs if:

  • CFR PART 200 Termination Termination for cause and for convenience by the grantee or subgrantee including the manner by which it will be effected and the basis for settlement. (All contracts in excess of $10,000) Pursuant to the above, when federal funds are expended by ESC Region 8 and TIPS Members, ESC Region 8 and TIPS Members reserves the right to terminate any agreement in excess of $10,000 resulting from this procurement process for cause after giving the vendor an appropriate opportunity and up to 30 days, to cure the causal breach of terms and conditions. ESC Region 8 and TIPS Members reserves the right to terminate any agreement in excess of $10,000 resulting from this procurement process for convenience with 30 days notice in writing to the awarded vendor. The vendor would be compensated for work performed and goods procured as of the termination date if for convenience of the ESC Region 8 and TIPS Members. Any award under this procurement process is not exclusive and the ESC Region 8 and TIPS reserves the right to purchase goods and services from other vendors when it is in the best interest of the ESC Region 8 and TIPS. Does vendor agree? Yes

  • Termination for Cause If Vendor fails to materially perform pursuant to the terms of this Agreement, TIPS shall provide written notice to Vendor specifying the default. If Vendor does not cure such default within thirty (30) days, TIPS may terminate this Agreement, in whole or in part, for cause. If TIPS terminates this Agreement for cause, and it is later determined that the termination for cause was wrongful, the termination shall automatically be converted to and treated as a termination for convenience.

  • On Termination (a) An employee who voluntarily terminates his employment will be provided his final pay on the next regular payday.

  • Termination with Cause The Master Servicer may, at its sole option, terminate any rights the Primary Servicer may have hereunder with respect to any or all of the Mortgage Loans, as provided in Section 4.01 of this Agreement upon the occurrence of a Primary Servicer Termination Event. Any notice of termination shall be in writing and delivered to the Primary Servicer as provided in Section 6.05 of this Agreement.

  • Termination Right The Representative shall have the right to terminate this Agreement at any time prior to any Closing Date, (i) if any domestic or international event or act or occurrence has materially disrupted, or in its opinion will in the immediate future materially disrupt, general securities markets in the United States; or (ii) if trading on any Trading Market shall have been suspended or materially limited, or minimum or maximum prices for trading shall have been fixed, or maximum ranges for prices for securities shall have been required by FINRA or by order of the Commission or any other government authority having jurisdiction, or (iii) if the United States shall have become involved in a new war or an increase in major hostilities, or (iv) if a banking moratorium has been declared by a New York State or federal authority, or (v) if a moratorium on foreign exchange trading has been declared which materially adversely impacts the United States securities markets, or (vi) if the Company shall have sustained a material loss by fire, flood, accident, hurricane, earthquake, theft, sabotage or other calamity or malicious act which, whether or not such loss shall have been insured, will, in the Representative’s opinion, make it inadvisable to proceed with the delivery of the Securities, or (vii) if the Company is in material breach of any of its representations, warranties or covenants hereunder, or (viii) if the Representative shall have become aware after the date hereof of such a material adverse change in the conditions or prospects of the Company, or such adverse material change in general market conditions as in the Representative’s judgment would make it impracticable to proceed with the offering, sale and/or delivery of the Securities or to enforce contracts made by the Underwriters for the sale of the Securities.

  • TERMINATION FOR CAUSE BY CONTRACTOR 4.06.1 Contractor may terminate its performance under this Agreement only if the City defaults and fails to cure the default after receiving written notice of it. Default by the City occurs if the City fails to perform one or more of its material duties under this Agreement. If a default occurs and Contractor wishes to terminate the Agreement, then Contractor must deliver a written notice to the Director describing the default and the proposed termination date. The date must be at least 30 days after the Director receives the notice. Contractor, at its sole option, may extend the proposed termination date to a later date. If the City cures the default before the proposed termination date, then the proposed termination is ineffective. If the City does not cure the default before the proposed termination date, then Contractor may terminate its performance under this Agreement on the termination date

  • Termination by You You may cancel your acceptance of this Contract by delivering notice to XOOM by way of mail, fax, e-mail or by personal delivery, in the following circumstances:

  • Duration/Termination 1. This License Agreement is concluded for an indefinite period, subject to termination in accordance with the provisions of article 6.2 and 6.3. Except based on these provisions, parties are not allowed to terminate the License Agreement.

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