Article V Termination Sample Clauses
The Article V Termination clause defines the conditions and procedures under which a contract or agreement may be ended by one or both parties. Typically, this clause outlines specific events, such as breach of contract, insolvency, or mutual agreement, that trigger the right to terminate, and may require advance written notice or fulfillment of certain obligations before termination is effective. Its core practical function is to provide a clear and structured process for ending the contractual relationship, thereby reducing uncertainty and potential disputes if the agreement needs to be concluded before its natural expiration.
Article V Termination. The rights and obligations of a Stockholder and its Permitted Transferees under this Article V shall terminate upon such Stockholder's Applicable Percentage equalling less than 3.5%, provided that in the event that a Stockholder's Applicable Percentage shall be less than 3.5% as a result of the issuance of additional Voting Shares by the Company, such Stockholder shall be so advised by the Company by written notice and the provisions of this Article V shall continue to bind and enure to the benefit of such Stockholder for a period of 180 days following such Stockholder's receipt of such notice and will continue to bind and enure to the benefit of such Stockholder thereafter in the event that such Stockholder (and/or its Permitted Transferees) acquires, during such 180-day period, a sufficient number of Voting Shares such that its Applicable Percentage equals or exceeds 3.5%.
Article V Termination. This Agreement is subject to revocation due to non-compliance with the terms herein, with the possible consequence of a temporary suspension or permanent withdrawal of the use of some or all of DHS resources identified to assist this project. In the event of dispute, the Production Company will be given a written notice of non-compliance by DHS project officer. The Production Company will have a 72-hour cure period after receipt of written notice of non- compliance. DHS may temporarily suspend support until the non-compliance has been cured or the 72-hour cure period has expired. After the cure period has expired, DHS may permanently withdraw its support for the production. If such Agreement is either suspended or terminated, the sole right of the Production Company to appeal such decision is to the DHS designee responsible for coordinating production assistance for entertainment media operations.
Article V Termination. The “School District” and “Business Manager” hereby agree that the following provisions shall be applicable for the term of this AGREEMENT, or any extension or renewal of this AGREEMENT.
Article V Termination. 11 Section 5.1 Termination........................................ 11 ARTICLE VI MISCELLANEOUS...................................... 11 Section 6.1 Remedies........................................... 11 Section 6.2 Successors and Assigns............................. 12 Section 6.3
Article V Termination. 7 SECTION 5.01. Termination................................................................... 7 ARTICLE VI MISCELLANEOUS .............................................................................. 7 SECTION 6.01. Successors and Assigns........................................................ 7 SECTION 6.02. Amendments.................................................................... 8 SECTION 6.03. Notices....................................................................... 8 SECTION 6.04. Benefit....................................................................... 9 SECTION 6.05. Interpretation................................................................ 9 SECTION 6.06. Governing Law................................................................. 9 ---------------- * This Table of Contents does not constitute part of the Indenture or have any bearing upon the interpretation of any of its terms and provisions. This GUARANTEE AGREEMENT ("Guarantee Agreement"), dated as of June 16, 2000 is executed and delivered by SEMCO ENERGY, INC., a Michigan corporation (the "Guarantor"), (as defined herein).
Article V Termination. In the event of a default by either party, the non-defaulting party may terminate the contract by providing the defaulting party with thirty (30) day notice of termination due to default. Said notice must specify the default and if applicable, provide the defaulting party the opportunity to cure the default. If the default is such that cannot be cured, this Agreement shall be terminated thirty (30) days after providing the appropriate notice as described herein.
Article V Termination. Section 5.01 Termination........................................... Section 5.02