Causes of Termination. The Company shall be dissolved, and its affairs shall be wound up, upon the occurrence of any of the following events:
(1) the termination of the legal existence of the last remaining member of the Company or the occurrence of any other event which terminates the continued membership of the last remaining member of the Company unless the Company is continued in a manner permitted by this Agreement or the Act;
(2) the entry of a decree of judicial dissolution under Section 18-802 of the Act; or
(3) any other event which pursuant to this Agreement, as the same may hereafter be amended, shall cause a termination of the Company.
Causes of Termination. Any of the following events shall constitute an event of default by The Concessionaire entitling the Hospital Authority to terminate this agreement:
a. Failure to commence services in the Hospital within two months of signing the agreement
b. Failure to comply with the statutory requirements, Clinical Establishment Acts, Rules and other applicable norms and any of the terms of this agreement.
c. Failure to comply with the requirement of the duration of services as per provision of this agreement
d. Collecting charges from the patients in violation of the Policy on User Charges
e. Failure by the Concessionaire to deliver timely reports on more than five occasions in a month in case of Dialysis Services.
f. Inaccuracy detected in at least three occasions in a period of three months in the reports generated in the Centre for Dialysis.
g. Error detected in more than two occasions in three months in recording the correct entry of the number of patients referred from the concerned hospital as well as by the private practitioners/private hospitals in each month.
h. Criminal indictment of the promoters, member/s of the Board of Directors, chief functionaries, key personnel engaged by the Concessionaire for operation and management of the services.
i. Engagement of unqualified persons for running of the Services
j. Use of the allocated space by the Concessionaire for any other purpose other than the approved scheme.
k. In case the private partner fails to pay the concession fees /20% of the gross revenue generated in the quarter whichever is higher within 10th of the first month of the subsequent quarter, interest @ 1%per month on the due concession fees will be imposed for each 15 days delay thereof subjected to a maximum allowable extension period of 3 months from last due date of payment of concession. All dues along with applicable interest have to be cleared within the allowable limit of 3 months beyond which relevant procedure for termination of contract and floating of e-tender for selection of new private partners will be initiated by the Hospital Authority/Department of Health & Family welfare. However penalty clause will be applicable till the date of decommissioning of the unit and handover of site under possession of the private partner to the hospital authority.
l. Failure to execute CMC of the equipments and accessories in accordance with the terms of this agreement
m. Failure to undertake proper maintenance and upkeep of the equipments and accessorie...
Causes of Termination. Any of the following events shall constitute an event of default by the Private Service Provider entitling DoHFW to terminate this agreement and subsequent forfeiture of Security deposit/performance guarantee by the hospital authority
a. Failure to commence services in the Hospital within three months of signing the agreement
b. Failure to comply with the statutory requirements, Clinical Establishment Acts, Rules and other applicable norms and any of the terms of this agreement.
c. Failure to comply with the requirement of the duration of services as per provision of this agreement
d. Failure to comply with SOPs for operation and management of the services
e. Collecting charges from the patients in violation of the Policy on User Charges
f. Failure by the Concessionaire to deliver timely reports on more than five occasions in a month in case of 16 Slice CT Scan services
g. Inaccuracy detected in at least three occasions in a period of three months in the reports generated in the Centre for 16 Slice CT Scan services
h. Error detected in more than two occasions in three months in recording the correct entry of the number of patients referred from the concerned hospital as well as by the private practitioners/private hospitals in each month.
i. Criminal indictment of the promoters, member/s of the Board of Directors, chief functionaries, key personnel engaged by the Concessionaire for operation and management of the services.
j. Engagement of unqualified persons for running of the Services
k. Use of the allocated space by the Concessionaire for any other purpose other than the approved scheme.
l. If the private partner fails to provide service as per the norms of the agreement or discontinues service due to any reason what so ever including personal grounds before the contract periods end.
m. In case the private partner fails to pay the concession fees /20% of the gross revenue generated in the quarter whichever is higher within 10th of the first month of the subsequent quarter, interest @ 1%per month on the due concession fees will be imposed for each 15 days delay thereof subjected to a maximum allowable extension period of 3 months from last due date of payment of concession. All dues along with applicable interest have to be cleared within the allowable limit of 3 months beyond which relevant procedure for termination of contract and floating of e-tender for selection of new private partners will be initiated by the Hospital Authority/Department of Health...
Causes of Termination. Notwithstanding any stipulation against in the present Agreement, the Seller (without prejudice of any other right or legar resource derived from this Agreement or any other source) will terminate this Agreement with immediate effects (without the need of any judicial declaration), through written notice given to the Buyer, in the event that;
(a) the financial situation of the Buyer is affected or reduced in such way that under the reasonable judgment of the Seller, that can seriously affect the capacity of the Buyer to accomplish the obligations contracted under this Agreement, or that any arrangement to guarantee the payment of the sold Product also could be affected or reduced.
(b) the Buyer initiates procedures to be declared broke or under insolvency state, promote or be subject of any reorganization mandated under judicial order, procures the benefit of any law to liberate debtors, perform any cession on behalf of creditors, admit by written his impossibility to pay in general, debts at its maturity or perform any other act generally recognized ad insolvency or broke, or that the Buyer declares a payment suspension;
(c) an issuance of any resolution or judicial order that declares that the Buyer is broke or under insolvency state, that approves an application asking its reorganization, that approves an application to be protected under any law to be liberated from its debtors, that designate any trustee o interviewer, or that it declares or orders the dissolution or liquidation of the Buyer;
(d) any of the Buyer’s authorizations to handle, transport or storage Anhydorous Ammonia including those requirement from the Ministry of Environment and Natural Resources and such authorizations to be canceled, revoked, annulled or terminated;
(e) any provision done by the Buyer under this Agreement finds to be false or incorrect in any substantial matter or on the date of any Ammonia deliver under the same, and;
(f) the buyer does not accomplish any substantial obligation under this Agreement.
Causes of Termination. This Agreement shall be terminated by any of the following events: By mutual agreement between the parties. By unilateral decision if any of the parties expresses by written. By breach of the purpose of this Agreement. By breach of the obligations agreed. By any other causes according to the law of each of the parties.
Causes of Termination. 15.1 The LESSOR can terminate this AGREEMENT, regardless of the causes established by the law, due to the causes established in section 15.2 below; provided however in the event of default, the LESSOR shall notify LESSEE in writing that it is not complying with an obligation of LESSEE under this AGREEMENT and LESSEE will have a term of 30 (thirty) calendar days as of the day in which it received such notice to remedy such default.
15.2 Causes in which the LESSOR may terminate this AGREEMENT:
15.2.1 Vacation or abandonment of the BUILDINGS.
15.2.2 Consecutive non-payment of two monthly RENTS.
15.2.3 Making modifications or tenant improvements in violation of this AGREEMENT.
15.2.4 Subletting or assigning the BUILDINGS in violation of this AGREEMENT.
15.3 Causes for which the LESSEE may terminate this AGREEMENT:
15.3.1 In case that LESSOR does not allow LESSEE the use and enjoyment of the BUILDINGS.
15.3.2 Due to the LESSOR's failure to make repairs.
Causes of Termination. This agreement will be terminated in any of the following events:
Causes of Termination. This Agreement and the transactions contemplated herein shall be completely terminated:
(A) At any time by mutual consent of the Parties;
(B) By Buyer at its election if, on the Closing Date, any of the conditions set forth in Article 13 hereof shall not have been satisfied or waived; and
(C) By Seller at its election if, on the Closing Date, any of the conditions set forth in Article 14 hereof shall not have been satisfied or waived.
Causes of Termination. This Agreement and the transactions contemplated herein may be terminated:
(a) At any time by mutual consent of Seller and Buyer.
(b) By Buyer or Seller, upon written notice to the other Party if the Closing does not occur on or prior to June 4, 2010; provided, that the right to terminate this Agreement pursuant to this Section 12.1(b) shall not be available if the failure to consummate the Closing by such date was caused by the breach of this Agreement by the Party so requesting termination.
(c) By Seller if, on the Closing Date, any of the conditions set forth in Article 9 shall not have been satisfied or waived (or become incapable of fulfillment), provided that Seller shall not be in material breach of this Agreement.
(d) By Buyer if, on the Closing Date, any of the conditions set forth in Article 10 shall not have been satisfied or waived, provided that Buyer shall not be in material breach of this Agreement.
(e) By either Buyer or Seller if the Aggregate Defect Value exceeds $18,000,000.00.
Causes of Termination. The present Agreement shall be terminated by: Mutual agreement of the parties SAMPLE ONLY
