Automatic Expiration. Notwithstanding Section 2.I above, the Put Option shall automatically expire prior to December 31, 2001 in the event that MetaMorphix has raised an aggregate of Eight Million Dollars ($8,000,000) or more, in cash and/or non-cash consideration. through(a) an equity financing or equity financings or (b) the transfer to Investor and/or one or more third parties of any rights or assets relating to one or more MetaMorphix Factors (as that term is defined in the 1999 Collaboration Agreement). Only consideration actually received by MetaMorphix on or before December 31, 2001 shall be considered in determining whether such Eight Million Dollars ($8,000,000) has been raised. Any consideration received by MetaMorphix in a form other than cash shall, for purposes of this Agreement. be considered to have been received as cash in an amount equivalent to the fair market value, as determined in good faith by GI and MetaMorphix' Board of Directors, of such non-cash consideration at the time received. MetaMorphix shall promptly notify, in writing, Investor and GI upon the occurrence of any events which result in the expiration of this Put Option, PROVIDED, HOWEVER, that any failure to give or delay in giving such notice shall have no effect upon the expiration of the Put Option. Upon notice of expiration of the Put Option pursuant to this Agreement. Investor shall promptly surrender and return this original Agreement to GI for cancellation.
Automatic Expiration. This Wellness Program provision will automatically expire at the end of the contract unless the parties agree in writing to extend this provision. Xxxxx , Xxxx 4/16/1990 Xxxxxx , Xxxxxxx 4/3/2006 Xxxxxxxxxx , Xxxxxxxx 11/28/1988 Xxxxxxx , Xxxxxxx 9/7/1971 Xxxxxxxxx , Xxxx 6/28/1999 Xxxxxx , Xxxxxxx 9/10/2007 Xxxxxxx , Xxxxx 9/7/1999 Xxxxxxxx , Xxxxxxx 8/26/1998 Xxxxxx , Xxxxxx 4/18/2011 Xxxxxxxx , Xxxxxx 4/10/2000 Xxxx , Xxxxxxx 7/21/2008 Xxxxxxxx , Xxxx 11/2/1981 Xxxxxx , Xxxxxxx 3/26/1984 Xxxxxx , Xxxxx 11/17/1987 Xxxxx , Xxxxx 5/30/2001 Xxxxxxxxxxxxx , Xxxxx 4/18/2011 Xxxxxx , Xxxxxx 1/2/2001 Xxxxxxxx , Xxxxx 4/14/1997 Xxxxx , Xxxxxxxx 7/21/2008 XxXxxxx , Xxxxxx 11/26/2007 Xxxxxx , Xxxxxxx 1/4/1988 Xxx , Xxxxxxxx 9/21/2004 Xxxx , Xxxxx 2/28/2011 Xxxxxx , Xxxxxxxxxx 5/22/1989 Xxxxxxx , Xxxx 4/1/1979 Xxxxxxxxxx , Xxxxxx 7/29/1985 Xxxxxxxx , Xxxxx 6/1/1982 Xxxxx , Xxxxxxx 6/30/1999 Xxxxx , Xxxxxx 5/26/1987 Xxxxx , Xxxxxxx 6/30/1986 Xxxxxx , Xxxxxxxx 11/14/2006 Xxxxxx , Xxxx 2/6/2001 Xxxxxxxx , Xxxxxxx 2/6/2001 Xxx , Xxxx 5/16/1979 Xxxxxxxx , Xxxx 5/30/2001 This supplemental Agreement is between the Public Library of Youngstown and Mahoning County (“Employer”) and the Public Librarians Association of Youngstown (“Union”). The purpose of this Agreement is to set forth the understandings of the parties concerning the use of a Work/Study Librarian by the Library to work with the professional librarians and to set forth certain terms and conditions of the work of such Work/Study Librarians. The parties have agreed to the terms and conditions of a Work/Study Librarian Program dealing with the use of apprentice librarians by the Employer:
Automatic Expiration. Unless it is terminated on an earlier date pursuant to this article, this Agreement shall continue in full force and effect until it automatically expires, which expiration shall occur upon the earliest of seven years from the date of this Agreement or seven years after commencement of on-line operation for 30 days at the designed production capacity of the Rentech Plant to be constructed under this Agreement; provided, however, this Agreement shall terminate at any time before then that is at least two years after the date of this Agreement, upon written notice by Licensor, if Licensee is not diligently proceeding with actual construction or operation of one or more Rentech Plants. Any termination of this Agreement under this article shall not terminate the license granted hereunder with respect to any Rentech Plants in operation or for which actual construction has been commenced pursuant to binding construction contracts with an independent third party engineering and construction company, so long as Licensee pays royalties and other payments due. The relevant provisions of this Agreement shall apply to such plants until they are permanently shut down and cease to operate for the production of Rentech Plants and plants for the manufacture of Rentech Catalyst shall be deemed terminated. In the event of the termination of this Agreement pursuant to this article, all rights and licenses to utilize Licensor's Rentech Process Technology granted to Licensee by this Agreement and any contract between the parties for the purchase and sale of Rentech Catalyst shall thereby automatically be revoked except that Licensee shall continue to be entitled to use the Rentech Process Technology and Rentech Catalyst with respect to any Rentech Plants in operation or under such actual construction at the time of termination until they are permanently shut down and closed to operate for the production of Rentech Products; provided, however, Licensee shall continue to pay any and all fees, royalties, and other amounts due during such continued period of use.
Automatic Expiration. Notwithstanding any other provision herein, if this Agreement has not been previously terminated, the Contingency shall automatically expire on the date that is ten (10) days after the Contingency Deadline and thereafter shall not be a condition to Purchaser’s obligation to close on the purchase of the Property. FROM AND AFTER THAT DATE, PURCHASER SHALL NOT HAVE THE RIGHT TO TERMINATE THIS AGREEMENT FOR FAILURE OF THE CONTINGENCY TO BE MET OR SATISFIED.
Automatic Expiration. Consultant’s offer to perform work, as contained in the Proposal submitted in conjunction with these terms and conditions, shall automatically expire if Client does not return an executed copy of this Agreement within thirty (30) days of the date Consultant’s signature. This Agreement between Client and Consultant shall automatically expire and/or no longer be acceptable if Work is not commenced within forty- five (45) days of this Agreement date.
Automatic Expiration. If at any time after the Date of Issuance the Market Price for the Common Stock exceeds $30.00 per share (subject to adjustment for reverse and forward stock splits, stock combinations and other similar transactions of the Common Stock that occur after the date hereof) over the course of any twenty (20) consecutive Trading Days (the occurrence of such event, a “Threshold Event”), then the Company may, at any time following the occurrence of such Threshold Event, provide notice to the Holder (an “Expiration Notice”), at the address of the Holder recorded in the Company’s books, indicating that the Warrant shall expire on the expiration date set forth in the Expiration Notice (the “Expiration Date”), which date shall not be earlier than twenty (20) Trading Days following the date upon which the Company delivers such Expiration Notice to the Holder, after which, all rights of the Holder under this Warrant shall terminate.
Automatic Expiration. This Agreement automatically terminates at the end of the term as described in Section 3 (Term of Agreement) above. The University has no obligation to offer an Occupant a renewal of this Agreement at the end of the term and may choose not to do so for any reason or no reason.
Automatic Expiration. This MOU and the Early Notification Retirement Allowance set forth herein shall be effective for the 2017-2018 school year only and unless the parties agree in writing to an extension, this MOU shall automatically expire on June 30, 2018.
Automatic Expiration. This Lease shall automatically expire and terminate at the end of the term hereof, without any further action by LANDLORD or TENANT. Subject to TENANT'S right to exercise its option under paragraph 2.04 of this Lease, at the expiration or earlier termination of this Lease, TENANT shall peaceably deliver up and surrender possession of the leased property to LANDLORD in the same condition as TENANT has agreed herein to maintain the same during the term hereof, except for losses by casualty when such losses are covered by insurance (repaired, or replaced or paid over to LANDLORD) and takings by eminent domain or otherwise where compensation is paid heretofore stated.
Automatic Expiration. If the final plat of subdivision for the SUBJECT PROPERTY is not recorded within five (5) years of the date of approval of the ordinance approving the final plat of subdivision and this Agreement by the City Council, this Agreement shall automatically expire without any further action by either Party hereto.
