Automatic Termination of Zhone's Rights Sample Clauses

Automatic Termination of Zhone's Rights. (1) Without limiting BNPLC's right to enforce Zhone's obligation to pay any Building 3 Supplemental Payment or other amounts required by this Agreement, the Purchase Option, Zhone's Initial Remarketing Rights and Zhone's Extended Remarketing Rights shall all terminate automatically if BNPLC shall elect a Voluntary Retention of the Property as provided in subparagraph 1(A)(2)(a).
Sample 1
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Automatic Termination of Zhone's Rights. Without limiting BNPLC'S --------------------------------------- right to enforce Zhone's obligation to pay any Land Supplemental Payment or other amounts required by this Agreement, the Purchase Option, Zhone's Initial Remarketing Rights and Zhone's Extended Remarketing Rights shall all terminate automatically if Zhone shall fail to pay the full amount of any Land Supplemental Payment required by subparagraph 1(A)(3) on the Designated Sale Date or if BNPLC shall elect a Voluntary Retention of the Property as provided in subparagraph 1(A)(2)(a). However, notwithstanding anything in this subparagraph to the contrary, even after a failure to pay any required Land Supplemental Payment on the Designated Sale Date, on any Business Day within thirty days after the Designated Sale Date Zhone or its designee may tender to BNPLC the full Land Break Even Amount (calculated as of the Designated Sale Date), together with interest on the total Land Break Even Amount computed at the Default Rate from the Designated Sale Date to the date of tender, and together with all other amounts then due under any of the Land Operative Documents and the Other Operative Documents, and if presented with such a tender within thirty days after the Designated Sale Date, BNPLC must accept the tender and promptly thereafter deliver to Zhone or its designee all Land Escrowed Proceeds (if any) and the Land Sale Closing Documents required by Paragraph 3 of this Agreement.
Sample 1

Related to Automatic Termination of Zhone's Rights

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

  • Benefits Upon Termination If the Executive’s employment by the Company is terminated during the Period of Employment for any reason by the Company or by the Executive, or upon or following the expiration of the Period of Employment (in any case, the date that the Executive’s employment by the Company terminates is referred to as the “Severance Date”), the Company shall have no further obligation to make or provide to the Executive, and the Executive shall have no further right to receive or obtain from the Company, any payments or benefits except as follows:

  • Term; Termination; Rights on Termination The term of this Agreement shall begin on the date hereof and continue for three (3) years, and, unless terminated sooner as herein provided, shall continue thereafter on a year-to-year basis on the same terms and conditions contained herein in effect as of the time of renewal (such initial three year period and any extensions thereof being referred to herein as the "Term"). This Agreement and Employee's employment may be terminated in any one of the following ways:

  • Certain Benefits Upon Termination Executive’s employment shall be terminated upon the earlier of (i) the voluntary resignation of Executive with or without Good Reason; (ii) Executive’s death or permanent disability; or (iii) upon the termination of Executive’s employment by LTC for any reason at any time. In the event of such termination, the below provisions of this Section 6 shall apply, and in the event of a Change in Control, whether or not Executive’s employment is terminated thereby, Section 6(b) shall apply.

  • PAYMENTS AND BENEFITS UPON TERMINATION (a) If within eighteen (18) months after a Change in Control, the Company terminates Employee's employment other than by reason of Employee's death, Disability, Retirement or for Cause, or if Employee terminates Employee's employment for Good Reason, then the Employee shall be entitled to the following payments and benefits:

  • Termination for Cause, or Termination Upon Death, Disability or Resignation from the Company Without Good Reason If Executive’s employment shall terminate as a result of Executive’s death pursuant to Section 3(a)(i) or Disability pursuant to Section 3(a)(ii), pursuant to Section 3(a)(iii) for Cause, or pursuant to Section 3(a)(vi) for Executive’s resignation from the Company without Good Reason, then Executive shall not be entitled to any severance payments or benefits, except as provided in Section 3(c).

  • Compensation and Benefits Upon Termination (a) If Executive’s employment is terminated by reason of death or Disability, the Company shall pay Executive’s Base Salary, at the rate then in effect, in accordance with the payroll policies of the Company, through the date of such termination (in the event of Executive’s death, the payments will be made to Executive’s beneficiaries or legal representatives) and Executive shall not be entitled to any further Base Salary or any applicable bonus, benefits or other compensation for that year or any future year, except as may be provided in Sections 5(d) or (e) below or an applicable benefit plan or program, or to any severance compensation of any kind, nature or amount.

  • Benefits Upon Termination of Employment If the Executive is entitled to benefits pursuant to this Section 2, the Company agrees to pay or provide to the Executive as severance payment, the following:

  • Rights Upon Termination of Employment The terms which regulate the treatment of the International Participant's Restricted Stock Units upon termination of employment are set out in the Plan and in the Award Documents. In summary, upon the International Participant's termination of employment for any reason other than death, Disability or Retirement, any unvested Restricted Stock Units shall be forfeited and cancelled on the date of such termination of employment.

  • Termination; Rights on Termination Employee's employment may be ---------------------------------- terminated in any one of the followings ways, prior to the expiration of the Term:

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