Automatic Termination of the Agreement Sample Clauses

Automatic Termination of the Agreement. The Agreement shall be deemed automatically terminated in case no Website of the Merchant has been in “active” status during the period of 6 (six) months.
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Automatic Termination of the Agreement. If for any reason, ----------------------------------------- the Optionee has not exercised this Option on or before May 31, 2002, this Agreement and the underlying Option shall terminate at 5:00 p.m. on that date unless (i) the Tender Offer has commenced by that date, in which case the Option shall continue until the Expiration Date or (ii) the parties mutually agree in writing to extend such termination date.
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Automatic Termination of the Agreement. The engagement shall terminate automatically upon your death. If termination of the consulting arrangement occurs for this reason, Buyer will be obligated to pay your estate any unpaid Consulting Fees within ten business days following the date it receives notice of your death.
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Automatic Termination of the Agreement. This Agreement shall automatically terminate if NN fails to pay to ZGI when due (or within 10 days after written notice of past due) the full amount due from NN pursuant to SECTIONS 2.1 and 2.2 (including the one-half amount that is due upon, or becomes nonrefundable upon, satisfaction of the demonstration obligations set forth in SECTION 2.3); provided, however, that any termination shall not release either party from any obligations accrued prior thereto. Furthermore, this Agreement shall automatically terminate if the IL-21 Program terminates pursuant to this Agreement. Termination under this SECTION 8.7 shall not release either party from any obligations accrued prior thereto.
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Automatic Termination of the Agreement. 1) The occurrence of any force majeure event destroys the conditions on which the continuance of performance of this Agreement relies, or renders the performance of the Agreement unnecessary. 2) If the term of the Agreement expires, and no agreement on extension hereof is reached by the Parties, the Agreement shall be automatically terminated.
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Automatic Termination of the Agreement. The Agreement shall automatically terminate on the date when the Participant (or Beneficiary) has no further rights to or expectation of payment of further benefits under the Agreement.
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Automatic Termination of the Agreement. This proceeds by the application of the widely accepted principle that you do not have to keep your word to someone who has already broken his. An automatic termination of the Agreement must be communicated in written form, and will be based on the particular motives determined by the parties and taken from the Agreement as the ones causing the automatic termination. Generally, this will deal with infractions of the pertinent clauses of the Agreement or the Appendix, which demand respect as being indispensable to the correct functioning of a Correspondents’ Agreement. Unlike the optional resolution and unless otherwise agreed, the automatic resolution is immediately effective, as it derives from the contractual breach or breaches from which it arises, regardless from the date on which the notification of contract termination is sent. Under analogous terms to the ones established by clause 13, there have been indemnities for damages substantiated in this case as well. The provisions of this clause expressly reflect that although good faith and honesty in the performance of Agreements are always enforceable, they may require more rigorous enforcement at those times when one party might harm the interests of the other party more easily, which is the case prior to unilateral withdrawal or early termination of the Correspondents’ Agreements. In this context, it has been established that during the notice periods that precede unilateral withdrawal or early termination of the Agreements, the parties must terminate and settle their outstanding transactions and reconcile their accounts, since if these aspects of the correspondents’ relationship are not completed they cannot be deemed to have definitively terminated. The contents of this clause are nothing more than a logical consequence of the expiration of the Correspondents’ Agreement, which in this particular respect is no different to other contractual relationships with a similar content. It is very advisable that a model Agreement intended for an activity, as the Freigth Forwarding activity, devoid of regulation in many countries, contain some guidelines in respect of the interpretation of its clauses to which the parties and, if appropriate, the arbitrators and courts may refer in order to settle such disputes as may arise in the application thereof. It is probable that in countries with a codified system of law they would be superfluous, since almost all commercial law codes usually contain interpretative r...
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Automatic Termination of the Agreement. 14.1 The breach of the clauses …….of the Agreement and/or of the clauses …….of the Appendix, will give rise to the automatic termination of the Agreement. 14.2 The automatic termination of the Agreement will require written communication by the other party, through the use of a means that under normal conditions will ensure its reception, and will produce immediate effects from the date on which the breach of the clause or clauses that have motivated the resolution occurred, regardless of the date on which the communication of the resolution of the Agreement has been sent. 14.3 The party that may have falsely considered any of the clauses that gave rise to the automatic termination of the Agreement to be breached, and would have assumed the latter to be terminated based on this false breach, must pay an indemnity to the other party for the damages that may have been caused. This indemnity may consist of a …..percent of the business generated by the Agreement before its termination. 14.4 The party that would have given place to the automatic termination of the Agreement, must pay an indemnity to the other party for the damages that may have been caused by the facts or the conduct that gave rise to the termination. This indemnity may consist of a…….percent of the business generated by the Agreement in the previous fiscal year to that in which the resolution takes place.
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Automatic Termination of the Agreement. During the lease term, this Agreement shall be terminated and each of the parties shall be free from liability in case that any of the following conditions is satisfied: 1) The Agreement cannot be performed due to force majeure or unexpected accidents; 2) Government decides to confiscate the Lease Property; 3) Any other conditions subject to relevant laws.
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Related to Automatic Termination of the Agreement

  • Termination of the Agreement In the event of failure by the participant to perform any of the obligations arising from the agreement, and regardless of the consequences provided for under the applicable law, the institution is legally entitled to terminate or cancel the agreement without any further legal formality where no action is taken by the participant within one month of receiving notification by registered letter. If the participant terminates the agreement before its agreement ends or if he/she fails to follow the agreement in accordance with the rules, he/she shall have to refund the amount of the grant already paid, except if agreed differently with the sending organisation. In case of termination by the participant due to "force majeure", i.e. an unforeseeable exceptional situation or event beyond the participant's control and not attributable to error or negligence on his/her part, the participant shall be entitled to receive at least the amount of the grant corresponding to the actual duration of the mobility period. Any remaining funds shall have to be refunded, except if agreed differently with the sending organisation.

  • Term and Termination of the Agreement 9.1. The Agreement shall enter into force upon its signing by the Parties and shall remain in full force and effect until the Parties have fully and properly fulfilled their obligations (including, unequivocally in the case the term of any other agreement associated with the Agreement exceeds the term of the Agreement). 9.2. In the cases and under the conditions stipulated by the Agreement and/or Legislation, it is possible to terminate the Agreement before expiration of its term in whole or in part:

  • Term; Termination of Agreement This Agreement shall continue in force for a period of one year from the date hereof, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. It is the duty of the Independent Directors to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

  • Duration and Termination of the Agreement This Agreement shall become effective upon its execution; provided, however, that this Agreement shall not become effective with respect to any Portfolio now existing or hereafter created unless it has first been approved (a) by a vote of the Independent Trustees, cast in person at a meeting called for the purpose of voting on such approval, and (b) if required under the 1940 Act, by an affirmative vote of a majority of the outstanding voting shares of that Portfolio. This Agreement shall remain in full force and effect continuously thereafter without the payment of any penalty as follows: (a) By vote of a majority of the (i) Independent Trustees, or (ii) outstanding voting shares of the applicable Portfolios, the Trust may at any time terminate this Agreement with respect to any or all Portfolios by providing not more than 60 days’ written notice delivered or mailed by registered mail, postage prepaid, to the Manager and the Subadviser. (b) This Agreement will terminate automatically with respect to a Portfolio unless, within two years after its initial effectiveness with respect to such Portfolio and at least annually thereafter, the continuance of the Agreement is specifically approved by (i) the Board of Trustees or the shareholders of such Portfolio by the affirmative vote of a majority of the outstanding shares of such Portfolio, and (ii) a majority of the Independent Trustees, by vote cast in person at a meeting called for the purpose of voting on such approval. If the continuance of this Agreement is submitted to the shareholders of any Portfolio for their approval and such shareholders fail to approve such continuance as provided herein, the Subadviser may continue to serve hereunder in a manner consistent with the 1940 Act and the rules and regulations thereunder. (c) The Manager may at any time terminate this Agreement with respect to any or all Portfolios by not less than 60 days’ written notice delivered or mailed by registered mail, postage prepaid, to the Subadviser, and the Subadviser may at any time terminate this Agreement with respect to any or all Portfolios by not less than 90 days’ written notice delivered or mailed by registered mail, postage prepaid, to the Manager. (d) This Agreement automatically and immediately will terminate in the event of its assignment. Upon termination of this Agreement with respect to any Portfolio, the duties of the Manager delegated to the Subadviser under this Agreement with respect to such Portfolio automatically shall revert to the Manager.

  • Automatic Termination This Agreement shall automatically and immediately terminate in the event of its “assignment” (as defined in the 1940 Act).

  • Termination of Agreement for Cause 5.1.1. If A/E breaches any of the covenants or conditions of this AGREEMENT, COUNTY shall have the right to terminate this AGREEMENT upon ten (10) days written notice prior to the effective day of termination. 5.1.2. A/E shall have the opportunity to cure the alleged breach prior to termination. 5.1.3. In the event the alleged breach is not cured by A/E prior to termination, all work performed by A/E pursuant to this AGREEMENT, which work has been reduced to plans or other documents, shall be made available to COUNTY.

  • Complete Disposal Upon Termination of Service Agreement Upon Termination of the Service Agreement Provider shall dispose or delete all Student Data obtained under the Service Agreement. Prior to disposition of the data, Provider shall notify LEA in writing of its option to transfer data to a separate account, pursuant to Article II, section 3, above. In no event shall Provider dispose of data pursuant to this provision unless and until Provider has received affirmative written confirmation from LEA that data will not be transferred to a separate account.

  • Early Termination of Agreement This agreement may be terminated at any time upon a thirty (30) day written notice from either party, and without fault or claim for damages by either party.

  • Termination on Notice The Province may terminate the Agreement at any time without liability, penalty, or costs upon giving at least 30 days’ Notice to the Recipient.

  • Termination of Agreement If this Agreement is terminated by the Representatives in accordance with the provisions of Section 5 or Section 9(a)(i) hereof, the Company shall reimburse the Underwriters for all of their out-of-pocket expenses, including the reasonable fees and disbursements of counsel for the Underwriters.

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