At End of Term. Executive may terminate this Agreement at the end of its term or any extension of this Agreement by giving 60 calendar days' written notice to Company's Chairman. Company may, in its sole discretion, accept Executive's termination effective immediately; provided, however, that it shall continue to pay Executive for 60 calendar days. Company shall thereafter have no obligations to Executive under this Agreement.
At End of Term. At the close of business (Sydney time) on the last day of the Term the Redraw Limit will be cancelled.
At End of Term. If FNB terminates Xxxxxx’x employment hereunder as of the end of the Term or any extension thereof, FNB shall be obligated, as severance payments, to continue to pay the Compensation and provide the Benefits to Xxxxxx for a period of twenty-four (24) months after such termination at the rates, times and intervals at which such Compensation and Benefits are being paid or provided as of the date on which FNB terminates the employment of Xxxxxx. If Xxxxxx’x employment by FNB continues after the end of the Term or any extension thereof, no severance payments will be provided to him.
At End of Term. Modifying (to the extent of any inconsistency between such provisions and this Paragraph 16) the provisions of Article 28 of the Overlease, as such provisions are applicable to the Sublease Premixxx:
A. Upon the expiration or sooner termination of this Sublease, unless Subtenant shall be continuing to occupy the Sublease Premises immediately thereafter pursuant to a direct lease between Subtenant and Overlandlord, Subtenant shall vacate and surrender the Sublease Premises in broom-clean condition, restore the Sublease Premises to the condition required by the Overlease upon the expiration of the Overlease (except that Subtenxxx xxxxx have no obligation to removx xxx Xxxerations or other improvements that were existing in the Sublease Premises as of the Commencement Date), and shall forthwith repair any damage to the Sublease Premises caused by such restoration and any permitted or required removal from the Sublease Premises of any furniture (including, without limitation, the Furniture (as defined in Paragraph 30)), moveable trade fixtures, improvements, any of Subtenant's Alterations which were requested to be removed by Sublandlord as a condition of Sublandlord's consent to the installation of such Alteration or any other property so removed from the Sublease Premises.
B. The parties recognize and agree that the damage to Sublandlord resulting from any failure by Subtenant to timely surrender possession of the Sublease Premises as aforesaid will be substantial and will exceed the amount of the monthly installments of the Fixed Rent payable hereunder. Subtenant therefore agrees that if possession of the Sublease Premises is not surrendered to Sublandlord on the Expiration Date or sooner termination of this Sublease in accordance with the terms hereof, in addition to any other right or remedy Sublandlord may have hereunder or at law or in equity, Subtenant shall pay to Sublandlord for each month and for each portion of any month during which Subtenant holds over in the Sublease Premises after the Expiration Date or sooner termination of this Sublease, a sum equal to two (2) times the aggregate of the portion of the Fixed Rent and Additional Charges which were payable under this Sublease with respect to the last month of the Term. In addition to making all required payments under this Subparagraph 16B, Subtenant shall, in the event of Subtenant's failure to surrender the Sublease Premises in accordance with Article 28 of the Overlease, as modified by this P...
At End of Term. At the close of business (Sydney time) on the last day of the Term the Liquidity Limit will be cancelled.
At End of Term. This Agreement and the rights and obligations of the Company and Employee hereunder shall terminate automatically, without any action by any party hereto, at the end of the term of this Agreement set forth in Section 2. Notwithstanding the termination of this Agreement as provided herein, the rights and obligations of the parties hereto under Sections 6, 7 and 8 shall continue in full force and effect for the periods stated therein. If this Agreement is terminated as permitted in this Section 9.1, then such termination shall be without liability to any party hereto.
At End of Term. Executive’s employment shall terminate at the end of the Term.
At End of Term. If FNB terminates Featherman's employment hereunder as of the end of the Term or any xxxxxxxxx thereof, FNB shall be obligated, as severance payments, to continue to pay the Compensation and provide the Benefits to Featherman for a period of one year after such termination at xxx xxxxx, times and intervals at which such Compensation and Benefits are being paid or provided as of the date on which FNB terminates the employment of Featherman.
At End of Term. 5.3.1 YIELD UP. Upon the expiration or sooner termination of this Agreement:
(a) Tenant shall vacate and surrender the Property to Landlord in substantially the same condition in which the Property was in on the Commencement Date, except as repaired, rebuilt, restored, altered or added to as permitted or required by the provisions of this Agreement, reasonable wear and tear (and casualty damage and Condemnation, in the event that this Agreement is terminated following a casualty or Condemnation in accordance with ARTICLE 10 or ARTICLE 11) excepted.
(b) Within sixty (60) days following the effective date of such expiration or earlier termination, Tenant will submit to Landlord an audited final accounting of Total Hotel Sales, Additional Rent and deposits to and withdrawals from the FF&E Reserve and all accounts between Landlord and Tenant through the effective date of such expiration or earlier termination, the cost of which audit shall be shared equally by Tenant and Landlord and shall not be an Operating Cost and shall be performed by Ernst & Young or another accounting firm selected by Tenant and approved by Landlord. Said final accounting shall be accompanied by a Financial Officer's Certificate and will promptly be submitted by Tenant to Landlord for its approval. Landlord shall not unreasonably withhold or delay its approval of the final accounting and any such disapproval shall contain reasonably detailed explanation for disapproval. Within thirty (30) days after delivery of such final accounting, the parties will make appropriate adjustments to any amounts previously paid or due under this Agreement.
(c) On the effective date of such expiration or earlier termination, Tenant will deliver to Landlord all Records of the Hotel, provided that Tenant may retain copies of any of the same for Tenant's records. Notwithstanding the foregoing, Tenant will not be required to deliver to Landlord any information or materials (including, without limitation, software, database, manuals and technical information) which are proprietary property of Tenant.
(d) On the effective date of such expiration or earlier termination, Tenant will deliver (and cause Tenant Manager to deliver) any and all keys or other access devices of the Property to Landlord.
(e) On the effective date of such expiration or earlier termination, Tenant will assign to Landlord or its designee, and Landlord or such designee will assume, all booking, reservation, service and operating contracts rel...
At End of Term. Upon the expiration or sooner termination of the Term, Subtenant shall vacate and surrender the Sublease Premises in broom-clean condition, restore the Sublease Premises as may be required under the provisions of the Xxxxxxxxx as herein incorporated including, without limitation, removing the shelving and furniture transferred to Subtenant at the commencement of this Sublease and repair any damage to the Sublease Premises caused by any permitted removal therefrom except for ordinary wear and tear and such damage or destruction as Overlandlord is required to repair or restore under the provisions of the Xxxxxxxxx.
