Casino Project Termination Sample Clauses

Casino Project Termination. The termination fee, if any, payable pursuant to the preceding subsection (b)(v), in the event of a Casino Project Termination with respect to one or more Named Parcels of the Joint Venture Property, shall be equal to the applicable termination fee amount set forth in the following table opposite the relevant time period or, if the termination affects less than all of the Named Parcels included in the Joint Venture Property, an amount equal to that percentage of the applicable termination fee amount which is equal to the ratio of the value of the Named Parcel(s) subject to the Casino Project Termination, based on the purchase price set forth in the Casino Offer (as finally accepted by GCN), to the Aggregate Purchase Price, excluding any lease and option obligations to be assumed by the Company as part of the Aggregate Purchase Price for the Travelodge: ---------------------------------------------- -------------------------- Number of Months After the Effective Date Termination Fee Amount ---------------------------------------------- -------------------------- Less than three $3,000,000 ---------------------------------------------- -------------------------- At least three, and less than five $4,000,000 ---------------------------------------------- -------------------------- Five or more $5,000,000 ---------------------------------------------- -------------------------- If any such termination fee becomes payable under this subsection (i) as a result of a Casino Project Termination, GCN shall also contribute to the capital of the Company the sum of (i) any capital contributions made by Metroplex with respect to the Cable Options pursuant to Section 8(b) during the Standstill Period with respect to such Casino Offer, and (ii) all Development Costs (other than Internal Development Costs defined in paragraph (d)(ii) of Section 8) paid by Metroplex with respect to each parcel subject to the Casino Project Termination and treated by the Company as additional contributions pursuant to Section 8(c); and the Company shall distribute such sum to Metroplex (without interest) as a distribution from its Capital Account; provided, however, that if the termination was pro-rated, any such payment under this paragraph shall all be pro-rated by the same percentage; and provided further that any payment under this paragraph shall be reduced by any duplicate payment made under Section 3(c) with respect to the same Casino Offer and the same parcel(s).
Sample 1
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Related to Casino Project Termination

  • CONTRACT TERMINATION This Contract will terminate:

  • Integration; Termination This Agreement, together with the other Loan Documents, comprises the complete and integrated agreement of the parties on the subject matter hereof and thereof and supersedes all prior agreements, written or oral, on such subject matter. In the event of any conflict between the provisions of this Agreement and those of any other Loan Document, the provisions of this Agreement shall control; provided that the inclusion of supplemental rights or remedies in favor of the Agents or the Lenders in any other Loan Document shall not be deemed a conflict with this Agreement. Each Loan Document was drafted with the joint participation of the respective parties thereto and shall be construed neither against nor in favor of any party, but rather in accordance with the fair meaning thereof.

  • Agreement Termination This Agreement will be in effect for an indefinite period and may be terminated as to new reinsurance at any time by either party giving ninety (90) days written notice of termination. The day the notice is mailed to the other party's home office, or, if the mail is not used, the day it is delivered to the other party's home office or to an officer of the other party will be the first day of the ninety (90) day period. During the ninety (90) day period, this Agreement will continue to operate in accordance with its terms.

  • Term of Agreement; Termination The term of this Agreement shall commence on the date hereof and such term and this Agreement shall terminate upon the earlier to occur of (i) the Effective Time, and (ii) the date on which the Merger Agreement is terminated in accordance with its terms. Upon such termination, no party shall have any further obligations or liabilities hereunder; PROVIDED, HOWEVER, such termination shall not relieve any party from liability for any breach of this Agreement prior to such termination.

  • Amendment; Termination (a) This Addendum (including the Schedules hereto) may not be amended without the prior written consent of the Majority Japan Local Currency Banks hereunder and subject to the provisions of Section 8.01 of the Credit Agreement.

  • Duration Termination This Agreement shall become effective as of the date first set forth above. Unless terminated in accordance with this Section 9, the Agreement shall remain in full force and effect for two (2) years from the date hereof. Subsequent to such initial period of effectiveness, this Agreement shall continue in full force and effect for period(s) of one (I) year thereafter unless terminated by either party upon ten (10) days' written notice to the other.

  • License Termination The licenses granted by Xencor to MorphoSys under Article 4 shall terminate.

  • Effective Date of Agreement; Termination (a) This Agreement shall become effective when the parties hereto have executed and delivered this Agreement.

  • Post-Termination Cooperation Executive agrees that during and after employment with the Company and without additional compensation (other than reimbursement for reasonable associated expenses) to cooperate with the Company in the following areas:

  • Performance Termination Commencing with the expiration of Fiscal Year 2014, in the event that Adjusted NOI does not equal or exceed the Performance Threshold, then the Tenant shall have the option to terminate this Agreement by providing a ninety (90) day written notice to the Management Company. To terminate this Agreement, Tenant must deliver written notice of such election to Management Company no later than sixty (60) days following Tenant’s receipt of the annual financial reports for such Fiscal Year.

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