Consequences of Termination Notice Sample Clauses

Consequences of Termination Notice. Upon the delivery of a Removal For Cause Notice or a Removal Without Cause Notice in accordance with Section 10.1 (Removal/Termination Notice.) in which the Limited Partners elect to terminate the Fund, the Fund shall be dissolved and wound up in accordance with Section 18.2 (Dissolution.) and Section 18.3
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Consequences of Termination Notice. If a Termination Notice is given under paragraph (a):
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Consequences of Termination Notice. Upon the delivery of a Removal For Cause Notice or a Removal Without Cause Notice in accordance with Section 10.1 (Removal/Termination Notice) in which the Limited Partners elect to terminate the Fund, the Fund shall be dissolved and wound up in accordance with Section 18.2 (Dissolution) and Section 18.3 (Winding Up); provided that with respect to a termination of the Fund on delivery of a Removal for Cause Notice, the right of the General Partner to receive further distributions of Carried Interest from the Fund shall immediately and automatically terminate, no further distributions of Carried Interest shall be made to the General Partner, and any amounts retained in the Escrow Account pursuant to Section 14.7.2 shall immediately be returned to the Fund for distribution to the Limited Partners[; provided, further that with respect to a termination of the Fund on delivery of a Removal Without Cause Notice, the General Partner’s entitlement to receive further distributions of Carried Interest shall be immediately and automatically reduced to [ ]% of the Carried Interest to which it is otherwise entitled].
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Consequences of Termination Notice. Upon the delivery of a Removal For Cause Notice or a Removal Without Cause Notice in accordance with Section 10.1 (Removal/Termination Notice) in which the Limited Partners elect to terminate the Fund, the Fund shall be dissolved and wound up in accordance with Section 18.2 (Dissolution) and Section 18.3 (Winding Up); provided that with respect to a termination of the Fund on delivery of a Removal for Cause Notice, the right of the General Partner to receive further distributions of Carried Interest from the Fund shall immediately and automatically terminate, no further distributions of Carried Interest shall be made to the General Partner, and any amounts retained in the Escrow Account pursuant to Section 14.7.2 shall immediately be returned to the Fund for distribution to the Limited Partners[; provided, further that with respect to a termination of the Fund on delivery of a Removal Without Cause Notice, the General Partner’s entitlement to receive further distributions of Carried Interest shall be immediately and automatically reduced to [___]% of the Carried Interest to which it is otherwise entitled]. KEY PERSON EVENT; SUSPENSION The General Partner shall immediately notify each Limited Partner in writing of the occurrence of any Key Person Event. Upon the occurrence of a Key Person Event, the Commitment Period shall automatically and immediately be suspended until a Majority in Interest approves in writing a remediation plan for such Key Person Event or otherwise waives such suspension generally or with respect to one or more specified Portfolio Investments. The Commitment Period shall be automatically suspended upon the delivery to the General Partner of a written notice approved by [___]% in Interest to suspend the Commitment Period. If a Majority in Interest does not approve a remediation plan for, or otherwise waive a suspension related to, any Key Person Event or suspension under Section 11.3 within [ninety (90)] days of any suspension of the Commitment Period, then the Commitment Period shall automatically and immediately be terminated. At any time during which the investment activities of the Fund are suspended or terminated pursuant to this Article 11 (Key Person Event; Suspension), no Drawdown Notices may be issued to any Limited Partner without the prior written consent of the Advisory Committee, other than to: pay Fund Expenses; complete Portfolio Investments (including, subject to Section 7.1.4.5 (Investment Restrictions), Follow-on Inves...
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Consequences of Termination Notice. 5.2. forthwith upon the receipt by the Trustees of a notice given thereto by the Beneficiary under and pursuant to Sub-clause 5.1:
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Consequences of Termination Notice. Upon service of a Termination Notice under clause 12.5 (Final Evaluation Tests):
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Consequences of Termination Notice. 14.6.1 In the event that the Notifying Party gives written notice pursuant to Clause 15.3 and as to Clause 14.5(c) provided that the Non-Notifying Party is in breach, or as to Clause 15.3(j) and provided that the control of the Non-Notifying Party is acquired by the Notifying Party’s competitor, then the Notifying Party shall, subject to Clause 15.5.3, have the right to purchase (or to nominate a third party to purchase) all equity interests of the Non-Notifying Party in the Joint Venture Company, or to sell all of its equity interest in the Joint Venture Company to the Non-Notifying Party, for an amount determined in accordance with Clause 15.5.
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Related to Consequences of Termination Notice

  • Consequences of Termination Upon the termination of this Agreement:

  • Consequences of Termination of Employment The consequences of the Holder’s termination of employment during the Performance Cycle and before a Change in Control shall be as follows:

  • Notice of Termination Events Neither any Purchaser Agent nor the Administrator shall be deemed to have knowledge or notice of the occurrence of any Termination Event or Unmatured Termination Event unless the Administrator and the Purchaser Agents have received notice from any Purchaser, the Servicer or the Seller stating that a Termination Event or an Unmatured Termination Event has occurred hereunder and describing such Termination Event or Unmatured Termination Event. In the event that the Administrator receives such a notice, it shall promptly give notice thereof to each Purchaser Agent whereupon each such Purchaser Agent shall promptly give notice thereof to its related Purchasers. In the event that a Purchaser Agent receives such a notice (other than from the Administrator), it shall promptly give notice thereof to the Administrator. The Administrator shall take such action concerning a Termination Event or an Unmatured Termination Event as may be directed by the Majority Purchaser Agents (unless such action otherwise requires the consent of all Purchasers, the LC Bank and/or the Required LC Participants), but until the Administrator receives such directions, the Administrator may (but shall not be obligated to) take such action, or refrain from taking such action, as the Administrator deems advisable and in the best interests of the Purchasers and the Purchaser Agents.

  • Circumstances of Termination This Agreement and the employment relationship between COMPANY and EMPLOYEE may be terminated as follows:

  • Notice of Termination Event Upon the occurrence of a Termination Event, the Company shall deliver written notice to the Purchase Contract Agent, the Collateral Agent and the Securities Intermediary within a reasonable amount of time and to the extent permitted by law.

  • Consequence of Termination Upon the termination of this Agreement:

  • Events of Termination Subject to Section 6.4 below, this Agreement will terminate as to a Fund:

  • Notice of Termination; Effect of Termination Any proper termination of this Agreement under Section 7.1 will be effective immediately upon the delivery of written notice of the terminating party to the other parties hereto. In the event of the termination of this Agreement as provided in Section 7.1, this Agreement shall be of no further force or effect, except (i) as set forth in this Section 7.2, Section 7.3 and Article 8, each of which shall survive the termination of this Agreement, and (ii) nothing herein shall relieve any party from liability for any willful breach of this Agreement. No termination of this Agreement shall affect the obligations of the parties contained in the Confidentiality Agreement, all of which obligations shall survive termination of this Agreement in accordance with their terms.

  • Consequences of a Servicer Termination Event If a Servicer Termination Event shall occur and be continuing, the Trust Collateral Agent may, or at the direction of the Majority Noteholders shall, by notice given in writing to the Servicer (and to the Trust Collateral Agent if given by the Noteholders) terminate all of the rights and obligations of the Servicer under this Agreement. On or after the receipt by the Servicer of such written notice or upon termination of the term of the Servicer, all authority, power, obligations and responsibilities of the Servicer under this Agreement, whether with respect to the Notes, the Certificate or the Other Conveyed Property or otherwise, shall pass to, be vested in and become obligations and responsibilities of the successor Servicer appointed by the Majority Noteholders; provided, however, that the successor Servicer shall have no liability with respect to any obligation which was required to be performed by the terminated Servicer prior to the date that the successor Servicer becomes the Servicer or any claim of a third party based on any alleged action or inaction of the terminated Servicer. The successor Servicer is authorized and empowered by this Agreement to execute and deliver, on behalf of the terminated Servicer, as attorney-in-fact or otherwise, any and all documents and other instruments and to do or accomplish all other acts or things necessary or appropriate to effect the purposes of such notice of termination, whether to complete the transfer and endorsement of the Receivables and the Other Conveyed Property and related documents to show the Trust as lienholder or secured party on the related Lien Certificates, or otherwise. The terminated Servicer agrees to cooperate with the successor Servicer in effecting the termination of the responsibilities and rights of the terminated Servicer under this Agreement, including, without limitation, the transfer to the successor Servicer for administration by it of all cash amounts that shall at the time be held by the terminated Servicer for deposit, or have been deposited by the terminated Servicer, in the Collection Account or thereafter received with respect to the Receivables and the delivery to the successor Servicer of all Receivable Files, Monthly Records and Collection Records and a computer tape in readable form as of the most recent Business Day containing all information necessary to enable the successor Servicer to service the Receivables and the Other Conveyed Property. The terminated Servicer shall grant the Trust Collateral Agent, the successor Servicer and the Majority Noteholders reasonable access to the terminated Servicer’s premises at the terminated Servicer’s expense.

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