Cancellation of Sale Sample Clauses

Cancellation of Sale. If the Purchaser fails to pay the Completion Payment (and any VAT which the Purchaser has agreed in terms of clause 3 to pay to the Seller on the Date of Entry) with Interest as set out in clause 2.2 within 10 Working Days after the Date of Entry the Seller is entitled (by written notice to the Purchaser to that effect, but only where the Completion Payment has not been paid as aforesaid) to rescind the Missives, to re-sell the Property to any third party and to claim damages from the Purchaser which may include: 2.3.1 all costs and expenses incurred in relation to the re-marketing of the Property and the re-sale of it; 2.3.2 any shortfall between: (i) the sale price received by the Seller on any such re-sale; and (ii) the Price; and 2.3.3 financial losses including increased funding costs which the Seller would not have incurred had the Price been paid on the Date of Entry and interest which the Seller could have earned on the Price had it been paid on the Date of Entry. If the Seller rescinds the Missives, no Interest will be due by the Purchaser in terms of clause 2.2 above.
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Cancellation of Sale. HUD reserves the unconditional right to cancel this Invitation and reject any and all bids at any time prior to the Closing of the Foreclosure Sale.
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Cancellation of Sale. The Consignee may, at its sole discretion, cancel or rescind the sale of the vehicle if it determines or has reason to believe that the offer for sale has or may subject the Consignee, the Consignor, or both to any liability including but not limited to liabilities due to representations made by the seller or due to insufficient title or authority. In the event of such cancellation, the Consignee shall have the right to refund or credit to the purchaser the full purchase price. In the event that the Consignor has received all or part of the proceeds, the Consignor agrees to repay such amounts. The Consignor also agrees to accept return of the vehicle as full and complete settlement of this consignment agreement.
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Cancellation of Sale. If the Lender fails to pay the Price (and any VAT due thereon) with interest as set out in Paragraph 5 of this Schedule Part 3B within 20 Business Days after the Date of Entry the Owners are entitled to serve notice on the Lender bringing the purchase option to an end, whereupon the Decision Notice shall be deemed not to have been served, but that shall be the Owners' sole remedy, and for the avoidance of doubt the Loan Agreement of which this Schedule forms a part shall remain in place and unaffected. If the Owners' terminate the purchase option as aforesaid, no interest will be due by the Lender in terms of Paragraph 5 of this Schedule Part 3B.
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Cancellation of Sale. Cancellation or suspension of manufacturing or shipping date of any order will be accepted only on terms that are subject to actual cost invested in product. TAXES: Any sales, use, consumption, or other similar tax applicable to the sale, purchase, or use of product is not included in these prices and shall be paid by the purchaser. TERMS OF PAYMENT: Upon credit approval, standard terms of payment shall be Net 30 Days, unless otherwise expressly agreed in writing. Balances past due shall bear interest at 1 ½% per month (18% per month). If the account becomes delinquent and is placed in the hands of a collection agent, Customer will pay reasonable collection charges; and if placed in the hands of an attorney for collection or suit, Customer will pay reasonable attorney’s fees. We reserve the right to process/convert checks electronically. COMPLIANCE WITH LAWS: Any clause required to be included in a contract by any applicable law, or by any administrative regulations having the effect of law, is hereby incorporated herein.
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Cancellation of Sale. Auctions America, LLC may, at its sole discretion, cancel or rescind the sale of the vehicle if it determines or has reason to believe that the offer for sale has or may subject Auctions America, LLC, the Consignor, or both to any liability including but not limited to liabilities due to representations made by the seller or due to insufficient title or authority. In the event of such cancellation, Auctions America, LLC shall have the right to refund or credit to the purchase the full purchase price. In the event that the Consignor has received all or part of the proceeds, the Consignor agrees to repay such amounts. The Consignor also agrees to accept return of the vehicle as full and complete settlement of this consignment agreement.
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Cancellation of Sale. If the Tenants fail to pay the VAT payable on the Premium with Interest as set out in Clause 2.2 within 10 Working Days after the Date of Entry the Landlords will be entitled (but not bound) to rescind the Missives.
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Cancellation of Sale. 20.1. If any amount in respect of the share debt of any reserved shares becomes payable by virtue of the provisions of clause 19 and if any such amount is not paid by the due date thereof, then the trustees shall be entitled, by resolution to that effect, to cancel that sale, in whole or in part, in terms of which those reserved shares were acquired by that beneficiary and, thereupon – 20.1.1. that beneficiary shall cease to have any interest in the shares in respect of which the balance of the share debt was due to be paid and in all capitalisation shares linked thereto (or in respect of those of such shares in respect of which that sale is so cancelled); 20.1.2. those reserved shares shall once again become unreserved shares and any capitalisation shares shall cease to be linked thereto and shall thereupon become unreserved shares; 20.1.3. the beneficiary concerned shall be liable to the trust for damages suffered in consequence thereof; 20.1.4. the trustees must repay to the beneficiary all or any part of the purchase price that such beneficiary has already paid up in respect of such shares less any costs, expenses or damages of whatsoever nature that might have been or will be incurred by the company and/or the trust as a consequence of such failure to pay the share debt and subsequent cancellation of the sale of those shares. 20.2. Should the beneficiary fail and/or refuse to comply with his obligations, the trustees shall be empowered to authorise and direct (and the beneficiary, by accepting an offer of scheme shares, similarly authorises irrevocably and in rem suam) the secretary to do all such things necessary and sign all or any documents on behalf of that beneficiary necessary to give effect to the provisions of this trust deed, but without prejudice to any other rights which the trustees may enjoy under this trust deed or the common law.
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Related to Cancellation of Sale

  • Cancellation of Shares If the Corporation shall make available, at the time and place and in the amount and form provided in this Agreement, the consideration for the Purchased Shares to be repurchased in accordance with the provisions of this Agreement, then from and after such time, the person from whom such shares are to be repurchased shall no longer have any rights as a holder of such shares (other than the right to receive payment of such consideration in accordance with this Agreement). Such shares shall be deemed purchased in accordance with the applicable provisions hereof, and the Corporation shall be deemed the owner and holder of such shares, whether or not the certificates therefor have been delivered as required by this Agreement.

  • Cancellation of Agreement In the event that prior to the Closing Date (a) trading in securities on the New York Stock Exchange generally, or in securities of the Bank in particular, shall have been suspended, or minimum prices established by the New York Stock Exchange, or any new restrictions on transactions in securities shall have been established by the New York Stock Exchange or by the Commission or by any other United States Federal or State agency or by any action of the United States Congress or by executive order to such a degree as, in your judgment as the Representatives, to affect materially and adversely the marketing of the Securities or (b) existing financial, political or economic conditions in Europe, the United States or elsewhere shall have undergone any change which, in your judgment as the Representatives, would materially and adversely affect the market for the Securities, this Agreement and all obligations of the Underwriters hereunder may be canceled at, or at any time prior to, the Closing Date by you, as the Representatives, without liability on the part of any Underwriter to the Bank or of the Bank to any Underwriter, subject to Section 11(e). Notice of such cancellation shall be given to the Bank in writing, or by cable or telephone confirmed in writing.

  • Cancellation of Options In exchange for the consideration described in Section 1.2 below, the Participant hereby agrees that the Award Agreement and the Participant’s interests in the Underwater Options shall be cancelled, terminated, and of no further force or effect, effective as of the Effective Date, and that neither the Company nor the Participant shall have any further rights or obligations with respect to the Award Agreement, the Underwater Options, or with respect to which any shares of Common Stock that could have been acquired upon vesting and exercise of the Underwater Options.

  • CANCELLATION OF CONTRACT The Division of Procurement Services reserves the right to cancel a contract with a thirty-day written notice OR cancel immediately if the contractor does not conform to terms and conditions and specifications of contract.

  • Cancellation of Notes Any Person that receives a Note surrendered for payment, registration of transfer, exchange or redemption will deliver the Note to the Indenture Trustee and the Indenture Trustee will promptly cancel it. The Issuer may surrender to the Indenture Trustee for cancellation Notes previously authenticated and delivered under this Indenture which the Issuer may have acquired, and the Indenture Trustee will promptly cancel them. No Notes will be authenticated in place of or in exchange for Notes cancelled as stated in this Section 2.10. The Indenture Trustee may hold or dispose of cancelled Notes according to its standard retention or disposal policy unless the Issuer directs, by Issuer Order, that they be destroyed or returned to it.

  • Cancellation of Services (a) ARTC will request the HVCCC to inform ARTC on a weekly basis of the total number of cancelled services assigned to the Access Holder in the previous week by the Live Run Superintendent Group, as collated and reported by the HVCCC, and whether the total number of cancellations assigned to the Access Holder in that week has had, in the reasonable opinion of the HVCCC, an impact on Capacity, Coal Chain Capacity or the Capacity entitlement of another access holder in that week. (b) To avoid doubt, the number of cancelled services assigned to the Access Holder, as collated and reported by the HVCCC, may include cancellations of services scheduled to be used or operated by or on behalf of another access holder where the cancellation was assigned to the Access Holder by the Live Run Superintendent Group. (c) If ARTC is informed by the HVCCC that the cancellations in clause 11.6(a) have had, in the reasonable opinion of the HVCCC, an impact on Capacity, Coal Chain Capacity or the Capacity entitlement of another access holder, then ARTC may remove Path Usages from the Access Holder’s Base Path Usages in the Period immediately following the Period in which the cancellations had an impact on Capacity, Coal Chain Capacity, or the contractual entitlement of another access holder. (d) If Base Path Usages are removed in accordance with this clause 11.6(c), ARTC will delete the number of removed Path Usages from the Access Holder’s Annual Contracted Path Usages in the relevant Train Path Schedule by notice to the Access Holder. To avoid doubt, a cancellation or a reduction of Path Usages made available to the Access Holder as a result of a Capacity Shortfall under clause 6 will not constitute a cancellation under this clause 11.6. (e) The number of Path Usages to be removed from the Access Holder under (i) in respect of the number of cancellations assigned to the Access Holder due to a single event be no more than two; and (ii) in total will be no more than the number of cancellations reported in clause 11.6. (f) If ARTC is informed by the HVCCC that the cancellations reported in this clause 11.6 have had, in the reasonable opinion of the HVCCC, an impact on Capacity, Coal Chain Capacity or the Capacity entitlement of another access holder, but ARTC has not removed Base Path Usages from the Access Holder, then ARTC will provide written reasons for its decision not to remove Base Path Usages from the Access Holder to: (i) the HVCCC; or (ii) if requested, the Access Holder where it is not a member of the HVCCC, subject to any confidentiality restrictions, within 10 Business Days of making that decision. (g) To avoid doubt, the Access Holder’s obligation to pay TOP Charges will be unaffected by the removal of Base Path Usages under this clause 11.6. (h) Clause 14 does not apply to any determination by ARTC under this clause 11.6. (i) In exercising its rights under clause 11.6, ARTC is entitled to rely on information provided by, and the recommendations and opinions of, the HVCCC. (j) This clause 11.6 is subject to any changes arising from the review under section 5.8 of the Access Undertaking.

  • Cancellation of Debt The Borrower shall not cancel any claim or debt owing to it, except for reasonable consideration or in the ordinary course of business.

  • Cancellation of Securities All Securities surrendered for payment, redemption, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, if surrendered to the Issuer or any agent of the Issuer or the Trustee, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be cancelled by it; and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Trustee shall dispose of cancelled Securities held by it in accordance with its procedures for the disposition of cancelled Securities and deliver a certificate of disposition to the Issuer upon request. If the Issuer shall acquire any of the Securities, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.

  • Cancellation of Securities; Destruction Thereof All Securities and Coupons surrendered for payment, redemption, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, if surrendered to the Issuer or any agent of the Issuer or the Trustee or any agent of the Trustee, shall be delivered to the Trustee or its agent for cancellation or, if surrendered to the Trustee, shall be cancelled by it; and no Securities or Coupons shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Trustee or its agent shall return such cancelled Securities and Coupons held by it to the Issuer. If the Issuer or its agent shall acquire any of the Securities or Coupons, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities or Coupons unless and until the same are delivered to the Trustee or its agent for cancellation.

  • Cancellation and Suspension This Agreement shall come into force and effect on the date upon which the Loan Agreement becomes effective.

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