Additional Rights to Terminate Clause Samples
Additional Rights to Terminate. This Agreement may be terminated (a) by either Party upon thirty (30) days' written notice in the event of (i) a Total Casualty, or condemnation of such a substantial portion of the Cogen Facility or Cogen Facility site that the remainder is not sufficient to permit the operation of the Cogen Facility on a commercially feasible basis, or (ii) the existence of an event of Force Majeure substantially preventing performance hereunder by either Party occurs and continues for more than twelve (12) months; (b) by Operator upon sixty (60) days prior written notice, in the event that (A) the Development Agreement is terminated prior to its expiration for any reason other than an Event of Default (as defined in the Development Agreement) by Operator or SEI or (B) a Person or Persons unaffiliated with Operator or the holders of the Senior Debt (as defined in the Development Agreement) becomes or become, either directly or indirectly, the owner of fifty percent (50%) or more of any class of voting securities of the owner of the Cogen Facility; or (c) by Owner upon sixty (60) days prior written notice for any other reason, with or without cause; provided that Operator shall, at Owner's expense, cooperate with and assist Owner in the transition to a new operator.
Additional Rights to Terminate. 8.3.1 At any time prior to commencing Construction or in the event the City fails to comply with the requirements of the Agreement, SiFi shall have the immediate right, at its option, upon written notice to the City to terminate this Agreement and shall be entitled to any and all other rights and remedies available to it at law or in equity.
8.3.2 A Party shall have the right, at its option, upon notice to the other Party to terminate this Agreement if the other Party becomes (i) insolvent, admits in writing its inability to pay its debts as they mature, makes an assignment for the benefit of creditors, or becomes subject to direct control of a trustee, receiver or similar authority, or (ii) subject to any bankruptcy or insolvency proceeding under federal, state or foreign statutes which is not rescinded or dismissed within thirty (30) days.
Additional Rights to Terminate. If during the Term (a) Rackspace allows its PILOT payment to become delinquent or there is a default; and (b) Rackspace does not cure such delinquency or default within sixty (60) calendar days following Rackspace’s receipt of written notice of such delinquency of default from the County, the County shall have the right to terminate this Agreement and all Grants previously made under this Agreement will be recaptured and paid to the County (by PILOT payment, if necessary) within ninety (90) calendar days of the date Rackspace receives said notice of termination and written notification of recapture.
Additional Rights to Terminate. In addition to the right to terminate this agreement conferred by clause 10.3(d), the Water Entity may terminate this Connection Agreement if the Land Holder:
(a) ceases to own or be otherwise entitled to use land in the Irrigation District satisfying one of the following:
(i) the Connection Point is located on the land;
(ii) the Connection Point is located on a boundary of the land; or
(iii) the Land Holder has a right to transport water from the Connection Point to the land; or
(b) seriously or persistently breaches this agreement even though the Water Entity has not given a cure notice in respect of any breach in respect of which it acts.
Additional Rights to Terminate. (a) In addition to all other remedies at law or in equity, either party shall have the right to terminate this Agreement, without affecting any rights or obligations under any other contracts or agreements, upon occurrence of one or more of the following events of default:
i. Failure of either party to observe or perform that party’s obligations to the other hereunder, as long as the failure or nonperformance is not due to the actions of the terminating party and such failure remains uncured for a period of sixty days after written receipt of written notice from the other Party; or
ii. The breach of any material warranty or representation herein that is not capable of being cured.
(b) In addition to all other remedies at law or in equity, Bank shall have the right to terminate this Agreement without further obligations or penalty, immediately by giving written notice to Company if:
i. Its membership in a Network is terminated but only with respect to the sponsorship services as it relates to the affected Network; or
ii. Any Regulatory or Network Authority over Bank that requires, requests or recommends discontinuance of this Agreement (provided that Bank and Company shall discuss in good faith if there are any remedial measures or steps that can be taken to address the issues or concerns that are the basis for any order, request or recommendation for discontinuance of this Agreement); or
iii. Bank determines that Bank’s continued performance under the terms of this Agreement would constitute an unsafe or unsound banking practice, and Bank so certifies to Company in writing.
(c) In addition to all other remedies at law or in equity, Company shall have the right to terminate this Agreement without further obligations or penalty, by giving written notice to Bank if Company reasonably determines that this Agreement could cause Company to lose any gaming license or other material license that is necessary for the operation of Company’s business.
Additional Rights to Terminate. (a) Without prejudice to any other right to terminate this Charter, each Party shall be entitled to terminate this Charter (subject, in the case of termination by PREP A, to any additional cure rights for EE's Lenders set forth in the relevant Consent and Agreement):
(i) upon 30 days' prior notice to the other and, in the case ofEE, to EE's Lenders, in the event hostilities break out as set out in Clause 36; and
(ii) immediately in accordance with the provisions of Clause 42.4(c) or (d).
(b) Subject to Clauses 3.2(b )(ii), 30.5, 61.1 (f), 61.2, 62.l(a)(v), and 62.4( d), if Hire is reduced by:
(i) 100% for over 90 consecutive days or any 120 days in any rolling 365 day period, or
(ii) an amount equal to or greater than 50% on average for over 120 consecutive days or any 180 days in any rolling 365 day period,
Additional Rights to Terminate. 8.3.1 At any time prior to commencing Construction or in the event the City fails to comply with the requirements of the Agreement, SiFi shall have the immediate right, at its option, upon written notice to the City to terminate this Agreement.
8.3.2 A Party shall have the right, at its option, upon notice to the other Party to terminate this Agreement if the other Party becomes (i) insolvent, admits in writing its inability to pay its debts as they mature, makes an assignment for the benefit of creditors, or becomes subject to direct control of a trustee, receiver or similar authority, or (ii) subject to any bankruptcy or insolvency proceeding under federal, state or foreign statutes which is not rescinded or dismissed within thirty (30) days.
Additional Rights to Terminate. In addition to the right to terminate this agreement conferred by clause 11.3(d), the Water Entity may terminate this Connection Agreement if the Land Holder seriously or persistently breaches this agreement even though the Water Entity has not given a cure notice in respect of any breach in respect of which it acts.
Additional Rights to Terminate