Accelerated Termination. Upon the occurrence of an Event of Change contemplated by paragraph 6.01(a), both parties shall make reasonable efforts to make arrangements to avoid the imposition of any tax contemplated by paragraph 6.01(a); provided that this Section 6.02 shall not impose on either party any obligation other than to negotiate in good faith to make such arrangements as will not adversely affect the parties.
Accelerated Termination. This Agreement may be terminated in advance and immediately by any of the Parties, notification to the other Party being sufficient therefore, in the cases indicated below:
Accelerated Termination. The Consulting Term ----------------------- shall automatically terminate upon the death of Stephans or thx xxxx xpon which CTC reasonably determines that the state of Stephans's heaxxx xx xxxger permits Stephans to fuxxxxx xxs responsibilities hereunder, but such termination shall have no effect on the obligation of the Companies to continue to make the payments contemplated by Section 3 hereof.
Accelerated Termination. The Consulting Term shall automatically terminate upon the death of Sxxxxxxx or the date upon which CTC reasonably determines that the state of Sxxxxxxx’x health no longer permits Sxxxxxxx to fulfill his responsibilities hereunder, but such termination shall have no effect on the obligation of the Companies to continue to make the payments contemplated by Section 3 hereof.
Accelerated Termination. (a) Upon the occurrence of an Event of Change, the party becoming aware thereof shall promptly notify the other party specifying the nature thereof and the affected Swaps, and both parties shall make reasonable efforts to make arrangements to avoid the imposition of any tax contemplated by Section 7(a) or to avoid the performance of any of the obligations of either of the parties under this Agreement from being unlawful as contemplated by Section 7(b); provided that this subsection shall not impose on either party any obligation other than to negotiate in good faith to make such arrangements as will not adversely affect either of the parties.
Accelerated Termination. The option term specified in Paragraph 2 shall terminate (and this option shall cease to be exercisable) prior to the Expiration Date should one of the following provisions become applicable:
Accelerated Termination. With respect to subloan “B5”, in the cases of accelerated termination declared based on Article 47-A of the “Provisions Applicable to BNDES Contracts,” the debit balance computed shall be increased by the amount corresponding to the return, to the National Treasury, of the amounts related to the interest-rate equalization, pursuant to applicable law. FIFTH
Accelerated Termination. Subject to the provisions of the last paragraph of this Twentieth Clause, the BANK may deem the obligations incumbent upon the BORROWER and the Joint and Several Obligors and Guarantors due and payable by acceleration, and may make payment of the Loan’s outstanding balance, that of its legal and contractual accessories, and any other amounts which must be paid pursuant to the terms hereof immediately demandable, without the need for a prior declaration, lawsuit, or judicial demand, which the BORROWER and the Joint and Several Obligors and Guarantors expressly waive, in the event any of the following circumstances (each of them a “Cause for Accelerated Termination”) occurs:
Accelerated Termination. If at any time after completing the Minimum Work Program for the first thirty-six (36) months of the Agreement THE CONTRACTOR were to find evidence of no Crude Oil in the Agreement Area, or that the potential Crude Oil bearing formations as exist or as are likely to be found are not capable of commercial production because of the possible investment or necessary expenses required to undertake such exploitation, THE CONTRACTOR may request THE AFFILIATE, in writing, to approve the accelerated termination of this Agreement within sixty (60) Days following the date of such request. All the data and information as THE CONTRACTOR may produce to support its claim that the Agreement Area is not susceptible to Production must be attached to the request. Furthermore, THE CONTRACTOR shall promptly provide any additional data and information as may be required by THE AFFILIATE to better support the claim of THE CONTRACTOR. Any refusal by THE AFFILIATE to approve the termination of the Agreement under these conditions may not be unreasonable.
Accelerated Termination. Your Option will terminate and cease to be exercisable immediately upon the occurrence of a Termination Event.
