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DEFAULT AND RIGHT TO TERMINATE Sample Clauses

DEFAULT AND RIGHT TO TERMINATE. Either party may terminate this lease at any time with 10 day notice to the other party. Xxxxxx’s use of the plot may be terminated by the landowner due to non-compliance with the items in this lease or the CCA Operating Rules and Regulations. Payment will not be refunded.
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DEFAULT AND RIGHT TO TERMINATE. If at any time after the Commencement Date the Company reasonably determines that ConAm is not complying with its obligations to the Company under Section 3.2(a) or if, within any consecutive 120 day period, ConAm has failed to deliver a Notice presenting to the Company a Redevelopment Project, then the Company shall have the right, but not the obligation, to notify ConAm that the Company deems ConAm to be in default under this Agreement and specifying the reasons therefor (the "Default Notice"). ConAm shall have a period of sixty (60) days from the date of the Default Notice (the "Cure Period") within which to cure the default specified in the Default Notice to the satisfaction of the Company. If the Company reasonably determines that ConAm has failed to cure the default during the Cure Period, then the Company shall deliver written notice to ConAm confirming (i) that the default has not been cured to the satisfaction of the Company and (ii) that the Company has elected to terminate the Agreement effective as of the date of such notice, subject to the provisions of Section 6.1. The right to terminate is the sole remedy of the Company for failure of ConAm to comply with Section 3.2(a).
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DEFAULT AND RIGHT TO TERMINATE. Each of the following shall constitute Developer's default and grounds for City to terminate this Agreement: a) Developer's refusal or failure to perform any material obligation imposed upon it by any provision of this Agreement provided that the City shall have given written notice to Developer and thirty (30) days have elapsed without Developer's taking remedial action reasonably satisfactory to City. b) Developer's filing for voluntary bankruptcy or reorganization, Developer's legal dissolution or formal cessation of business, the filing of an involuntary bankruptcy or other creditor's proceeding against Developer or Developer that is not dismissed stayed or vacated within ninety (90) days. Developer may terminate this Agreement upon ninety (90) days prior written notice to City if Developer reasonably determines that the Development is not feasible. Developer shall meet and confer with the City following delivery of any such notice to discuss the reasons for such determination and shall consider in good faith any proposed changes or alternative plans to preserve feasibility prior to the termination of this Agreement.
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DEFAULT AND RIGHT TO TERMINATE. Upon the neglect, failure or refusal by Tenant to comply with any of the terms or conditions of this Agreement, after thirty (30) days' written notice and demand by Executive Director to comply with any such terms or conditions, Board may, at its option, declare this Agreement forfeited, and may forthwith enter upon said premises, using all reasonable force to do so, and exclude Tenant from further use of said premises and all improvements thereon; provided, however, that if there is any default in the payment by Tenant of the compensation or other consideration provided herein, City may give to Tenant a three (3) day notice to pay all sums then due, owning and unpaid, and if such payment is not made within such three (3) day period, at the election of City, stated in such notice, this Agreement and Tenant's rights hereunder are forfeited. Upon any forfeiture of this Agreement, Tenant shall immediately surrender all rights in and to the premises and all improvements. Upon any such forfeiture of this Agreement, any and ail buildings, structures and improvements of any character whatsoever, erected, installed or made, under, through, or because of, or pursuant to the terms of this Agreement, or any prior agreement shall immediately ipso facto either become the property of City free and clear of any claim of any kind or nature of Tenant or its successors in interest, and without compensation to Tenant or its successors, or become removable by Board at the sole expense of Tenant, at the option of Board. In the event this Agreement is forfeited as set forth above, Board may enforce all of its rights and remedies under this Agreement and in addition to any remedy available to City at law or in equity, City shall be entitled to recover from Tenant rent as it becomes due pursuant to the terms of this Agreement and, in addition thereto, the damage that Board may recover includes the worth at the time of the award of the amount by which the unpaid rent for the balance of the term of this Agreement, or five (5) years after the time of the award, whichever period is shorter, exceeds the amount of such rental loss for the same period that Tenant proves could have been reasonably avoided. Any default in Tenant's obligations to make payments to City under the terms of any berth assignment, lease, permit or other agreement, when such default involves the sum of Five Hundred Dollars ($500.00) or more, shall constitute a material default on the part of Tenant with respect t...
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DEFAULT AND RIGHT TO TERMINATE. 9.1 Owner, at its option, may, by written notice to Operator, declare Operator in default on the occurrence of any of the following: (1) failure of the Operator to perform any of its obligations under this Agreement, including, without limitation, failure to properly operate and maintain the Facilities; (2) institution by or against the Operator of any proceeding in bankruptcy or insolvency, or the reorganization of the Operator under any law, or the appointment of a receiver or trustee for the property of the Operator, or any assignment by the Operator of the benefit of creditors; (3) involuntary transfer of the Operator’s interest in the Agreement by operation of law. 9.2 Notwithstanding any other provision contained herein, Owner shall also have the right to terminate this Agreement by sixty (60) days’ written notice if Owner determines after a diligent review that any of the following events occur: A) A regulatory authority conducts or holds a proceeding for the purpose (in whole or part) of determining if any person or entity, other than Operator is a public utility or is otherwise subject to the jurisdiction of such authority as a result of the ownership of the Facilities, or B) Any regulatory body exercises jurisdiction over the Facilities in a manner where there is a substantial or material change in the rights, responsibilities and duties of Operator or Owner, or its affiliates. C) The Operator, Operator’s parent corporation or its stockholders enter into one or more agreements to dispose of all or substantially all of the assets or 50% or more of the outstanding capital stock of either of the Operator or Operator’s parent corporation, by means of a sale, (whether as a result of a tender offer or otherwise), merger, reorganization, or liquidation in one or a series of related transactions; or in the event there is a change in control of Operator’s parent. 9.3 In the event Operator has not cured or reasonably commenced to cure (as determined by Owner) any default specified in Section 9.1 within sixty (60) day’s written notice given by Owner to Operator of such default, Owner may terminate the Agreement and Operator’s rights under the Agreement, and shall have the right to take possession and operation of the Facilities and for that purpose to enter upon any premises where the property is located without being liable in any suit, action, defense, or other proceedings to Operator. 9.4 The remedies of Owner shall be cumulative to the extent permitted ...
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DEFAULT AND RIGHT TO TERMINATE 
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Related to DEFAULT AND RIGHT TO TERMINATE

  • Our Right to Terminate We may terminate this Client Agreement and close your Account and any Position at any time by giving you thirty (30) days’ written notice. This right is in addition to any other rights to terminate this Client Agreement or close your Account that we may have under this Client Agreement.

  • Right to Terminate Either Party may unilaterally terminate this Annex by providing thirty (30) calendar days written notice to the other Party.

  • Your Right to Terminate You may also terminate this Client Agreement or close your Account at any time by giving us written notice. Your Account will be closed as soon as reasonably practicable after we have received notice, all open Positions are closed, Orders are cancelled, and all of your obligations are discharged.

  • Licensee’s Right to Terminate Licensee may, at its option, without prejudice to any other remedies it may have, terminate this agreement by giving written notice of such termination to Licensor as follows: (a) immediately, in the event that Licensor abandons the Licensed Marks or otherwise ceases to support the Licensed Marks in Licensor's business; or (b) immediately in the event of the occurrence of a Bankruptcy with respect to Licensor; or (c) immediately in the event of an occurrence of termination pursuant to Section 13.2(d).

  • Right to Terminate Following Event of Default If at any time an Event of Default with respect to a party (the “Defaulting Party”) has occurred and is then continuing, the other party (the “Non-defaulting Party”) may, by not more than 20 days notice to the Defaulting Party specifying the relevant Event of Default, designate a day not earlier than the day such notice is effective as an Early Termination Date in respect of all outstanding Transactions. If, however, “Automatic Early Termination” is specified in the Schedule as applying to a party, then an Early Termination Date in respect of all outstanding Transactions will occur immediately upon the occurrence with respect to such party of an Event of Default specified in Section 5(a)(vii)(1), (3), (5), (6) or, to the extent analogous thereto, (8), and as of the time immediately preceding the institution of the relevant proceeding or the presentation of the relevant petition upon the occurrence with respect to such party of an Event of Default specified in Section 5(a)(vii)(4) or, to the extent analogous thereto, (8).

  • Tenant’s Right to Terminate Tenant shall have the right to terminate this Lease following a Casualty if any of the following occurs: (i) Landlord’s Architect determines (which determination shall be made and forwarded to Tenant promptly after such Casualty) that the Premises cannot, with reasonable diligence, be repaired by Landlord to a substantially similar condition as existed prior to such Casualty (or cannot be safely repaired because of the presence of hazardous factors, including, but not limited to, Hazardous Materials, earthquake faults and other similar dangers) within 360 days after the date of such Casualty and the Casualty materially adversely impacts Tenant’s use of a material portion of the Premises, or (ii) the Premises is destroyed or materially damaged during the last twelve (12) months of the Lease Term and Landlord’s Architect determines (which determination shall be made and forwarded to Tenant promptly after such Casualty) that such damage will require more than sixty (60) days to repair, or (iii) the Premises are not actually repaired by Landlord to a substantially similar condition as existed prior to such Casualty within 380 days following such Casualty and the Casualty materially adversely impacts Tenant’s use of a material portion of the Premises. If Tenant elects to terminate this Lease following a Casualty pursuant to this Section 7.3, Tenant shall give Landlord written notice of its election to terminate within thirty (30) days after receipt of Landlord’s Architect’s determination (or within 30 days of the applicable restoration period should Landlord fail to complete repairs during such period), and this Lease shall terminate as of the date of such notice of election to terminate.

  • Landlord’s Right to Terminate Landlord shall have the option to terminate this Lease in the event any of the following occurs, which option may be exercised only by delivery to Tenant of a written notice of election to terminate within thirty days after the date of such damage or destruction: (a) The Building is damaged by any peril covered by valid and collectible insurance actually carried by Landlord and in force at the time of such damage or destruction or by any peril which would have been covered by the insurance Landlord is required to maintain pursuant to Section 9.2 (an "Insured Peril") to such an extent that the estimated cost to restore the Building exceeds the lesser of (i) the insurance proceeds available from insurance actually carried by Landlord (or which Landlord was required to carry pursuant to Section 9.2(a) hereof) plus the amount of any deductible (up to a maximum amount of five percent (5%) of the replacement cost of the Building), plus any amount that the Tenant agrees in writing to contribute towards restoration, or (ii) fifty percent of the then actual replacement cost of the Building; (b) The Building is damaged by an uninsured peril, which peril Landlord was not required to insure against pursuant to the provisions of Article 9 of this Lease, provided, however, that, subject to the requirements of the holder of any deed of trust encumbering the Property, Landlord shall not have the right to terminate this Lease if Tenant notifies Landlord, within thirty (30) days after Tenant receives Landlord's written notice of termination pursuant to this Section 10.3, that Tenant will pay for the cost of restoration of the Leased Premises, in excess of any insurance proceeds to be received by Landlord. (c) The Building is damaged by any peril and, because of the laws then in force, the Building (i) cannot be restored at reasonable cost or (ii) if restored, cannot be used for the same use being made thereof before such damage.

  • Executive’s Right to Terminate Notwithstanding the provisions of paragraph 2.1, Executive shall have the right to terminate his employment under this Agreement for any of the following reasons:

  • Right to Terminate Sale In the event that the property as stated in the Proclamation of Sale is not the property as described under the security documents executed by the Assignor/Borrower or otherwise different from such property as assigned to the Assignee/Bank by the Assignor/Borrower, the Assignee/Bank shall be entitled to terminate the sale and the bidding deposit paid shall be refunded to the Successful Purchaser(s). The Successful Purchaser(s) shall have no claims whatsoever against the Assignee/Bank, their Solicitors or the Auctioneer or any compensation in respect thereof.

  • Notice to Terminate Notify Seller in writing that this Contract is terminated; or

Most Referenced Clauses

Most Referenced Definitions