Conclusion of Term Sample Clauses

Conclusion of Term. Automatically, without any action on the part of the Company or the Stockholders, on December 31, 2012. The termination of this Agreement shall not affect or diminish any obligations of the parties hereto to pay for any Shares actually purchased prior to such termination. Upon the termination of this Agreement for any of the above reasons, the certificates of stock held by each Stockholder shall be surrendered to the Company, and the Company shall issue new certificates for the same number of Shares but without the legend required by this Agreement.
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Conclusion of Term. At the end of the term, DSG will repurchase the 804 Units for $1,275,000 worth of DSG shares. The share value of DSG is to be calculated on the average closing value of the previous 120 day of DSG stock. Alternatively DSG has the option to operate the Units under a new agreement should the parties agree to new pricing, term and conditions.
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Conclusion of Term. Notwithstanding Section 1.2 of the Employment Agreement, the term of Executive’s employment shall terminate as of March 10, 2004.
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Conclusion of Term. Upon the conclusion of the term of the Agreement, unless the Company and Employee agree in writing to continue the Employee's term of employment under the same terms of the Agreement or under different terms."
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Conclusion of Term. Upon the expiration of the Term, this Agreement shall terminate and all rights and obligations hereunder shall arise and be governed (if at all) by the Purchase Agreement.
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Conclusion of Term. Upon conclusion of the Term, Woodcrest shall have the right to purchase the Generating Facility at its then fair market value, to be determined by professional appraisal (“ Appraisal”). T he cost for the Appraisal shall be borne exclusively by Woodcrest, and shall be produced by a qualified individual selected jointly by Solarmax and Woodcrest (possessing credentials and experience sufficient to satisfy any requirements for appraisal mandated under the Internal Revenue Code or other applicable law) who has no actual or potential conflict of interest with or between the Parties. In the event the Parties are unable to agree upon an individual to perform the Appraisal, the Parties agree that the selection shall be determined by resort to arbitration pursuant to the Streamlined Arbitration Rules & Procedures of JAMS (understanding, however, that neither Party otherwise consents hereby to adjudicate any other dispute(s) arising under the Agreement by arbitration except as may otherwise be provided herein). The Parties intend that, by this subdivision b., the Agreement does not fall within the scope of Section 7701(e)(4)(A)(iv) of Title 26 of the United States Code (the “ Code”), insofar as any potential future transfer of the Generating Facility to Woodcrest is not required nor is it at a fixed or determinable price other than for fair market value.
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Conclusion of Term. Promptly upon the expiration, revocation, or other termination of this Agreement, Licensee shall peacefully vacate the Premises, leaving them in good order and condition, broom clean. If the Premises are not vacated, Licensee and its principals shall be liable to Licensor for all losses, costs, liabilities and damages which Licensor may incur by reason thereof, including, without limitation, reasonable attorneys’ fees, and costs. In the event of such holdover, Licensee shall further be responsible for a rental payment equal to three (3) times the daily rental fee payable under this Agreement, which Licensee agrees is not a penalty and is fair and reasonable under such circumstances.
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Conclusion of Term. At the end of the term of the lease and any executed Options to Extend the Tenant agrees to sell the Stadium in its entirety to the City of Albuquerque for one ($1) dollar unless the Term is extended by mutual agreement of the parties. At any time during the term of lease, Tenant may donate the Stadium to the City provided that the City accepts the donation. Xxxxxx agrees to convey the Stadium in reasonable condition including all fixtures.
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Related to Conclusion of Term

  • Extension of Term Provided Exporter's goods and services are in demand and Exporter is processing sales generating Transaction Fees, as set forth in Section 6, within fifteen (15) years from the Effective Date, Exporter shall have an option to (a) continue with its membership under Section 2 at no additional fee, or (b) option of developing single point of sales, distribution, networking, and logistics facilities separate and distinct from AmericaTowne for a mutually agreeable reduced rate, which shall be agreed upon in writing prior to thirty (30) days from the termination of fifteen (15) years from the Effective Date. The Exporter has the option of choosing option (b) above at its discretion.

  • Expiration of Term During the Initial Term or Renewal Term, whichever currently is in effect, should either party exercise its right to terminate, all out-of-pocket expenses or costs associated with the movement of records and material will be borne by the Fund. Additionally, the Transfer Agent reserves the right to charge for any other reasonable expenses associated with such termination.

  • Extension of Termination Date (a) The Borrower shall have the right, exercisable no more than twice, to request an extension of the current Termination Date by one year. The Borrower may exercise such right only by executing and delivering to the Agent at least 60 days, but no more than 90 days, prior to any anniversary of the Closing Date commencing with the first anniversary thereof (the “Extension Date”), a written request for such extension (an “Extension Request”). The Agent shall forward to each Lender a copy of the Extension Request delivered to the Agent promptly upon receipt thereof. Borrower understands that this Section has been included in this Agreement for Borrower’s convenience in requesting an extension and acknowledges that none of Lenders nor Agent has promised (either expressly or impliedly), nor has any obligation or commitment whatsoever, to extend the Termination Date at any time. If the Required Lenders shall have notified Agent on or prior to the date which is 30 days prior to the Extension Date that they accept such Extension Request, then, subject to the following conditions on the Extension Date (i) no Default or Event of Default shall exist and (ii) the representations and warranties made or deemed made by the Borrower in the Loan Documents, shall be true and correct in all material respects on and as of the date of such extension with the same force and effect as if made on and as of such date except to the extent that such representations and warranties expressly relate solely to an earlier date (in which case such representations and warranties shall have been true and correct in all material respects on and as of such earlier date) and except for changes in factual circumstances not prohibited under the Loan Documents, the Termination Date shall be extended for one year with respect to the Commitment of each Lender accepting such Extension Request. If any Lender shall not have notified Agent on or prior to the date which is 30 days prior to the Extension Date that it accepts such Extension Request (or it expressly rejects such Extension Request), then the Termination Date shall not be extended with respect to the Commitment of such rejecting Lender (each such Lender a “Rejecting Lender”). The Agent shall promptly notify Borrower whether the Extension Request has been accepted or rejected as well as which Lender or Lenders rejected Borrower’s Extension Request.

  • Notice of Termination Any purported termination of employment by the Company or by Executive (other than due to Executive’s death) shall be communicated by written Notice of Termination to the other party hereto in accordance with Section 11(h) hereof. For purposes of this Agreement, a “Notice of Termination” shall mean a notice which shall indicate the specific termination provision in this Agreement relied upon and shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of employment under the provision so indicated.

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