Complete Discontinuance Sample Clauses

Complete Discontinuance. In the event that SEARHC determines that continuing to provide all or substantially all of the health care services it then provides in Sitka, Alaska (the “Sitka Health Care Operations”) is not feasible or desirable for any reason, including but not limited to a decision to sell or otherwise dispose of SEARHC’s interest in the Sitka Health Care Operations, SEARHC shall provide notice to the City of SEARHC’s intent to discontinue such services, and shall afford the City the opportunity to bid for the acquisition of the Sitka Health Care Operations. If within ninety (90) days following the notice from SEARHC, the City and SEARHC do not enter into a letter of intent with binding provisions related to (i) the financial aspects of the transaction and (ii) the structure of and closing date of the transaction pursuant to which the City will acquire the Sitka Health Care Operations from SEARHC, then the City’s right to bid to acquire the Sitka Health Care Operations under this Section 6.21(b) shall expire. On the date that SEARHC ceases to provide the Sitka Health Care Operations (the “Date Operations Are Discontinued”), SEARHC shall promptly pay the City, or the Escrow Agent, as provided herein, the discounted present value of any installment payments then remaining unpaid under Section 1.6(c)(ii)(B) calculated as follows: the value of such installment payments discounted from the date such payments would otherwise be payable by SEARHC in accordance with the terms of this Agreement back to the Date Operations Are Discontinued at a discount rate of 6.10% per annum (the “Discounted Present Value of Installment Payments”). If the Date Operations Are Discontinued occurs prior to the Payment Date, then the Discounted Present Value of Installment Payment shall be paid by SEARHC to the Escrow Agent for further deposit into the Purchase Price Escrow Account in accordance with Section 1.7. If the Date Operations Are Discontinued occurs after the Payment Date, and before the tenth anniversary of the Closing Date, then the amount payable under this Section 6.21(b) shall be paid by SEARHC to the City. In accordance with the forfeiture provisions of Section 1.7(c), notwithstanding anything herein to the contrary, no amount shall be paid to the City or deposited in the Escrow Account if the Payment Date has not occurred by the tenth anniversary of the Closing Date.
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Related to Complete Discontinuance

  • Discontinuance The Employer has the right, at any time, to suspend or discontinue its contributions under the Plan, and to terminate, at any time, this Plan and the Trust created under this Agreement. The Plan will terminate upon the first to occur of the following:

  • Discontinuation Either party may discontinue the job/time sharing arrangement with ninety

  • Cessation of Business Any Obligor suspends or ceases to carry on (or threatens to suspend or cease to carry on) all or a material part of its business.

  • Discontinued Facility Any facility, element, arrangement or the like that the Federal Unbundling Rules do not require Frontier to provide on an unbundled basis to Onvoy, whether because the facility was never subject to an unbundling requirement under the Federal Unbundling Rules, because the facility by operation of law has ceased or ceases to be subject to an unbundling requirement under the Federal Unbundling Rules, or otherwise.

  • Discontinuance of Service 7.1 The procedures for discontinuing service to an End User are as follows:

  • Grantee Responsibility for System Agency’s Termination Costs If the System Agency terminates the Grant Agreement for cause, the Grantee shall be responsible to the System Agency for all costs incurred by the System Agency and the State of Texas to replace the Grantee. These costs include, but are not limited to, the costs of procuring a substitute grantee and the cost of any claim or litigation attributable to Xxxxxxx’s failure to perform any work in accordance with the terms of the Grant Agreement.

  • Compensation for default by the Authority Subject to the provisions of Clause 31.5, in the event of the Authority being in material default or breach of this Agreement at any time after the Appointed Date, it shall pay to the Concessionaire by way of compensation, all direct costs suffered or incurred by the Concessionaire as a consequence of such material default or breach within 30 (thirty) days of receipt of the demand supported by necessary particulars thereof; provided that no such compensation shall be payable for any material breach or default in respect of which Damages have been expressly specified in this Agreement. For the avoidance of doubt, compensation payable may include interest payments on debt, O&M Expenses, any increase in capital costs on account of inflation and all other costs directly attributable to such material breach or default but shall not include loss of Fee revenues, debt repayment obligations or other consequential losses, and for determining such compensation, information contained in the Financial Package and the Financial Model may be relied upon to the extent it is relevant.

  • Uncontrollable Forces Tariff Provisions Section 14.1 of the CAISO Tariff shall be incorporated by reference into this Agreement except that all references in Section 14.1 of the CAISO Tariff to Market Participants shall be read as a reference to the Participating Generator and references to the CAISO Tariff shall be read as references to this Agreement.

  • Cessation A Person shall cease to be a General Partner upon the transfer of its entire interest in the Partnership or upon any event of withdrawal set forth in the Act. Upon the occurrence of any such event of withdrawal, such Person or its transferee shall have the right to receive distributions and allocations with respect to its Partnership interest, shall be treated as the transferee of a Limited Partner, and shall have the right to become a Substituted Limited Partner upon the unanimous written consent of the Limited Partners.

  • Job Abandonment A. If an employee is absent without authorized leave under the provisions of Article 17.1.D for twelve (12) or more consecutive days, the employee shall be considered to have abandoned the position and voluntarily resigned from the University.

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