Company Termination Right Sample Clauses
The Company Termination Right clause grants the company the authority to end an agreement or contract under specified circumstances. Typically, this right may be exercised if certain conditions are met, such as a breach of contract by the other party, failure to meet performance milestones, or the occurrence of a material adverse event. By including this clause, the company ensures it has a clear and enforceable mechanism to exit the agreement if continuing would be detrimental, thereby managing risk and maintaining flexibility in its contractual relationships.
Company Termination Right. In the event Bank notifies Company that it intends to assume the servicing function pursuant to Section 4.14(b) (but, for the avoidance of doubt, not in the event of the occurrence or extension of an SLA Control Period), Company shall have the right to terminate this Agreement upon [*] notice following the notification by Bank of its intention to assume such servicing functions and the associated costs; provided, however, that in the event Company exercises its termination right under this subsection, (i) Bank may continue to exercise its SLA Control Period rights until the Termination Date, and (ii) Company shall reimburse Bank within five (5) Business Days following the Termination Date for certain costs and expenses as set forth in Schedule 4.14(c).
Company Termination Right. If any condition contained in this Agreement fails to be satisfied for any reason, the Company may elect to terminate this Agreement by delivery of written notice thereof to Cosponsors. Upon delivery of such notice, this Agreement will be of no further force or effect and no party will have any further rights or obligations hereunder, except for obligations owing and unpaid on the date of termination.
Company Termination Right. The Company shall have the right to elect to abandon the Merger and terminate this Plan, if its Board of Directors so determines, whether before or after approval of the Merger by the shareholders of the Company or of Parent, if the Final Parent Stock Price (as 3 9 defined below) shall be less than $25.30 (the "Floor Price") subject, however, to the following Subparagraph (ii):
Company Termination Right. Notwithstanding any other provision contained in this Agreement, if at any time prior to Closing the volume weighted-average price for the Common Stock on NASDAQ over any fifteen (15) consecutive trading day period is below $0.80 (for the avoidance of doubt, the foregoing refers to the volume weighted-average price for the entire 15 trading day period) as determined by the Company (a “Below $0.80 15 Trading Day Period”), the Company may, in is sole discretion, elect to terminate this Agreement by providing written notice to the Purchasers within three business days after a Below $0.80 15 Trading Day Period (a “Company Termination”), after which neither the Company nor any Purchaser shall have any liability to any other party hereto or shall have any further obligations hereunder, except that (i) the Company shall be required to pay the fees required to be paid to ▇. ▇▇▇▇▇ in such event pursuant to the terms of a placement agency agreement in the form attached hereto as Exhibit C (the “Placement Agency Agreement”), (ii) each Purchaser that elected in Exhibit A to receive Warrants shall retain such the Warrants, (iii) each Purchaser that elected in Exhibit A to receive Discounted Private Placement Stock at the Closing shall be entitled to receive, within five (5) business days of a Company Termination, a cash payment from the Company equal to four percent (4%) of such Purchaser’s Commitment Amount (as set forth on Exhibit A) and (iv) Sections 4, 5, 9(a) through (c), 9(i) 11, and 12 through 17 shall survive. This Company Termination right is in addition to the rights of the parties to terminate this Agreement pursuant to Section 10 below.
Company Termination Right. Company may terminate this Agreement upon written notice if Company determines in its discretion that Client is in breach of Section 5. For a termination under this Exhibit A, Section II(e), Client shall pay all fees due, prorated through the date the termination is effective and Company shall reimburse Client for Engagement Fees paid in excess the amount due based on the date of termination except if the breach is due to Client’s willful misconduct or gross negligence, Client owes all amounts due under the Agreement, including Engagement Fees through the end of the Term.
Company Termination Right. The provisions of Article 9 shall be incorporated herein by reference.
(A) In addition, if at any time prior to 17:00 South African time on the Pre-General Meeting Date:
(1) Parent becomes aware that any of the conditions referred to in Section 2.04(a)(v)(A), (B) or (C) (the “Parent Specified Conditions”) are inaccurate or false or that Parent or Merger Sub is in breach of or has failed to satisfy any such Parent Specified Condition, Parent shall provide the Company with written notice of the inaccuracy, falsity, breach or failure (each, a “Parent Failure”) setting out reasonable details thereof together with an estimate of the Losses; or
(2) the Company become aware of a Parent Failure of any of the Parent Specified Conditions, then, in either case, subject to Section 2.04(a)(vi)(B), the Company shall provide Parent with written notice (a “Parent Failure Notice”) of such Parent Failure setting out reasonable details thereof together with an estimate of the Losses.
(B) If Parent fails to remedy the Parent Failure within ten (10) Business Days of receipt of the Parent Failure Notice, then the Company shall be entitled to either waive all or part of the relevant Parent Specified Condition or, within a further period of five (5) Business Days, send Parent written notice (the “Parent Pre-Termination Notice”) of its intent to terminate the Scheme and this Agreement.
(C) If the Company delivers a Parent Pre-Termination Notice and Parent disputes any aspect of the Parent Pre-Termination Notice, Parent may refer the matter in dispute to the Expert to be resolved in accordance with Section 2.06.
(D) The Parent Specified Conditions will be deemed to have been fulfilled where either:
(1) no Parent Failure Notice is issued on or before the Pre-General Meeting Date; or
(2) if a Parent Failure Notice was issued before the Pre-General Meeting Date but (x) the Company waives the relevant Parent Specified Condition(s) or no Parent Pre-Termination Notice is issued within the above time period or (y) if a Parent Pre-Termination Notice is issued within the above time period, the Expert determines within the ten (10) Business Day period that a Parent Failure has not occurred and the Parent Failure Notice should not have been issued.
Company Termination Right. Borrower may terminate this Agreement, in whole or in part, at any time and for any reason upon ten (10) Business Days’ prior written notice to Lender; provided that such termination shall not affect any outstanding obligations, Drawdowns or accrued rights (including conversion rights) existing prior to the effective date of termination.
Company Termination Right