COMMENCEMENT - TERMINATION Sample Clauses

COMMENCEMENT - TERMINATION. SECTION 7.1 This Agreement shall come into effect on the date hereof and shall continue until the delivery of the Vessel in accordance with the Shipbuilding Contract unless terminated earlier pursuant to the terms of Section 7.2, Section 7.3 Section 7.4 or Section 7.5 hereof. SECTION 7.2 The Owner shall be entitled to terminate this Agreement by notice in writing to the Construction Supervisor if the Construction Supervisor defaults in the performance of any material obligation under this Agreement, subject to a cure right of 20 Business Days following written notice by the Owner. SECTION 7.3 This Agreement shall terminate automatically if: (a) the Shipbuilding Contract is cancelled, rescinded or terminated; or (b) the Group Management Agreement is terminated. SECTION 7.4 The Construction Supervisor shall be entitled to terminate this Agreement by notice in writing to the Owner if: (a) any moneys payable by the Owner under this Agreement is not paid when due or if due on demand within 10 Business Days following demand by the Construction Supervisor; or (b) the Owner defaults in the performance of any other material obligations under this Agreement, subject to a cure right of 20 Business Days following written notice by the Construction Supervisor; or SECTION 7.5 Either party shall be entitled to terminate this Agreement immediately if: (a) the other party ceases to conduct business, or all or substantially all of the equity-interests, properties or assets of either such party is sold, seized or appropriated; or (i) the other party files a petition under any bankruptcy law, makes an assignment for the benefit of its creditors, seeks relief under any law for the protection of debtors or adopts a plan of liquidation; (ii) a petition is filed against the other party seeking to have it declared insolvent or bankrupt and such petition is not dismissed or stayed within 40 Business Days of its filing; (iii) the other party shall admit in writing its insolvency or its inability to pay its debts as they mature; (iv) an order is made for the appointment of a liquidator, manager, receiver or trustee of the other party of all or a substantial part of its assets; (v) or if an encumbrancer takes possession of or a receiver or trustee is appointed over the whole or any part of the other party’s undertaking, property or assets; or (vi) if an order is made or a resolution is passed for the other party’s winding up; or (c) a distress, execution, sequestration or other proces...

COMMENCEMENT - TERMINATION. This Agreement shall come into effect on and shall continue until delivery of the Vessel to the Owner by the Builder. This Agreement may, however, be terminated with immediate effect by the Owner in the event that the Construction Supervisor is in material default of its obligations hereunder and/or in the event that the Shipbuilding Contract is cancelled or terminated. The Construction Supervisor shall in the event of immediate termination not be entitled to receive any payment in respect of the fees and other amounts described in Clause 6.

COMMENCEMENT - TERMINATION. SECTION 7.1. This Agreement shall come into effect on the date hereof and shall continue until the delivery of the Vessel in accordance with the Shipbuilding Contract unless terminated earlier pursuant to the terms of Section 7.2, Section 7.3, Section 7.4 or Section 7.5. SECTION 7.2. The Owner shall be entitled to terminate this Agreement by notice in writing to the Construction Supervisor if the Construction Supervisor defaults in the performance of any material obligation under this Agreement, subject to a cure right of 20 Business Days following written notice by the Owner. SECTION 7.3. This Agreement shall terminate automatically if: (a) the Shipbuilding Contract is cancelled, rescinded or terminated; or (b) the Group Management Agreement is terminated.

COMMENCEMENT - TERMINATION. Commencement: November 1, 2009 Termination: October 31, 2012

COMMENCEMENT - TERMINATION. This Contract will apply from 2020. - There is a 14 day cooling-off period from the date this Contract is signed. - When new pricing is released on the 1st June the ▇▇▇▇▇▇ has from the 1st of June to the 30th of June to give twenty eight (28) days written notice of their intention to terminate this Contract. Any other time during this Contract, either party must give six [6] months written notice of their intention to terminate this Contract.

COMMENCEMENT - TERMINATION. This MOU takes effect upon the last date of any party to execute the MOU. This MOU will terminate thirty days after a Party sends a written termination notice to each of the other Parties.

COMMENCEMENT - TERMINATION. This Agreement shall be effective from the Commencement Date and shall continue until it is terminated in accordance with the provisions set out in Part 4 and/or Part 3 below.

COMMENCEMENT - TERMINATION. Commencement: 19 May 2006 Termination: 30 April 2009

COMMENCEMENT - TERMINATION. 5.1 AA Decorative Events may terminate this Agreement forthwith by giving written notice to the HIRER and re-take possession of the Equipment in the event of: 5.1.1 Any material breach of this Agreement by the HIRER which has not been immediately remedied (if capable of remedy) following a written demand by AA Decorative Events 5.1.2 If any order is made, proceedings are commenced or a resolution is passed, for the liquidation or winding-up of the HIRER. 5.1.3 If a distress or execution is levied against any property of the HIRER 5.1.4 If a liquidator or receiver or administrator is appointed in respect of the undertaking or any property or assets of the HIRER. 5.1.5 If the HIRER ceases or threatens to cease to carry on its business or is unable to pay its debts as they fall due or enters in any arrangements with creditors generally. 5.1.6 If AA Decorative Events reasonably believes that its rights in the Equipment are in jeopardy. 5.2 If AA Decorative Events has supplied Equipment on negotiated terms for a Hire period, AA Decorative Events shall, unless otherwise agreed, be entitled to payment of all rentals due up to the end of the agreed hire period notwithstanding the earlier return of the Equipment to AA Decorative Events.