Default & Termination for Cause Sample Clauses

Default & Termination for Cause. Either party may immediately terminate this Agreement, in whole or in part, upon written notice to the other party if the other party breaches any material provision of this Agreement and fails to cure such breach within thirty (30) days following receipt of written notice of such breach. Documented service or performance deficiencies by Stericycle or nonpayment by Customer of amounts rightfully owed to Stericycle or Customer's failure to comply with Stericycle polices related to the Services shall constitute a material breach.
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Default & Termination for Cause. In advance of Seller’s actual default, if in Xxxxx’s opinion Seller is falling behind in its performance or is likely to breach the Contract, Buyer may request written adequate assurances from Seller that Seller remains able to perform the Contract. If Seller is unable or unwilling to provide adequate assurances within a reasonable period of time, which in no event shall be less than 3 business days, as requested, then Buyer may proceed with termination for default immediately, provided however that such termination shall be without opportunity to cure. With written notice to Seller, containing a reasonable time to cure, which in no event shall be less than 3 business days, but otherwise solely determined by Buyer, Buyer may terminate all or any part of the Contract if: (i) Seller fails to perform the Contract Work or deliver the Contract Work strictly within the time specified by the Contract or any written extension; (ii) Seller fails to perform any other material provision of the Contract; (iii) Seller fails to make progress so as to endanger performance of the Contract; or (iv) Seller’s right to conduct business is suspended, Xxxxxx becomes insolvent, Xxxxxx becomes subject to the appointment of a receiver or Seller becomes subject to assignment, reorganization or arrangement for the benefit of its creditors. In the event Buyer terminates the Contract in whole or in part as provided above, Buyer may procure goods or services similar to the Contract Work specified herein, and Seller shall be liable to Buyer for any excess costs for such similar procurement. If the Contract is terminated only in part, Seller shall continue performance of the Contract to the extent not terminated.
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Default & Termination for Cause. The occurrence of any one or more of the following events shall constitute a default and breach of this License by Licensee: If Licensee fails to pay the License Fee or any other charges when due; If Licensee fails to promptly and fully perform any covenant, condition or agreement contained in this License and such failure continues for ten (10) calendar days after written notice thereof from District to Licensee; If Licensee attempts to assign or sublease this License; or Any attempt to record this License by Licensee. In the event of Licensee’s default hereunder, then in addition to any other rights or remedies District may have under any law, District may terminate this License. Licensee shall compensate District for any and all detriment proximately caused by Licensee’s failure to perform its obligations under this License or which in the ordinary course of business would be likely to result therefrom, including, but not limited to, any costs or expenses (including attorneys' fees).
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Default & Termination for Cause. (a) An event of default shall occur: (i) In the event of an insolvency, the filing of a voluntary or involuntary petition in bankruptcy; dissolution, or any similar act of bankruptcy. Any such action shall be an event of default for which no notice or opportunity to cure need be given. (ii) The occurrence of an uncured breach, violation or event of default under any other agreement between the Authority and Contractor; (iii) The Authority discovers that Contractor made a material misrepresentation to the Authority which induced the Authority to enter in this Agreement; or (iv) In the event any Services furnished by Contractor during performance of this Agreement fail to conform to any material requirement of this Agreement or Contractor otherwise breaches this Agreement. In the event of a default, and the failure or breach is not cured within the specified time (or within 15 days if no cure period is specified) after the Authority provides written notice thereof to Contractor, the Authority may terminate this Agreement and procure the Services from other sources, and Contractor shall be liable to and shall immediately pay or reimburse the Authority for all reasonable costs of any nature which may be incurred by the Authority to cover any losses or expenses related to such default and to effect completion of performance of this Agreement. The rights and remedies of the Authority set forth in this Agreement shall be in addition to any other rights and remedies provided by law or under this Agreement. All rights and remedies under this Agreement shall be cumulative and not exclusive of each other. Contractor shall not be relieved of liability to the Authority for damages sustained by the Authority arising from Contractor’s breach of this Agreement; and the Authority may, in its discretion, withhold any payment due as a setoff until such time as the damages are finally determined or as agreed by the parties. In addition to the foregoing, the Authority may terminate this Agreement immediately, without any requirement to provide Contractor with a cure period, upon Contractor’s actual or threatened bankruptcy, reorganization, receivership, insolvency, making an assignment for the benefit of creditors, liquidation, dissolution or other financial or organizational instability. (b) Prior to terminating this Agreement pursuant to Section XV(a), the Authority will issue a notice of breach to the Contractor. The notice will specify the corrective actions required to be...
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Default & Termination for Cause. A Party (a "Defaulting Party") shall be in breach of this Agreement if such Defaulting Party fails to keep, observe or perform any agreement, term or provision of this Agreement to be kept, observed or performed by it, and such breach continues for a period of sixty (60) days (or such shorter period required under the circumstances by federal, state or local regulation, or such longer period if such breach cannot reasonably be cured within sixty (60) days) after delivery of notice from a non-Defaulting Party of the nature of the breach and the steps that the Defaulting Party must take to cure such breach. Any non-Defaulting Party may terminate this Agreement immediately and without further action at the end of such period if the Defaulting Party has not cured its breach. Manager may terminate under this Section 6.2 if the total Management Fee for any month is not received by Manager when such Management Fee is due and payable and there is no cure within the prescribed cure period of sixty (60) days.
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Default & Termination for Cause. In the event either party is in material breach of any condition of this Lease, the non-defaulting party shall provide written notice of such default to the defaulting party, which notice shall specify the nature of the default and grant the defaulting party thirty (30) days after receipt of such notice in which to cure the default. In the event the default is not cured within said curative period, then the defaulting party shall be considered in default of this Lease and the non-defaulting party, at its option, may immediately terminate this Lease and may additionally pursue any other remedy available to the non-defaulting party at law or in equity.
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Default & Termination for Cause a. The non-defaulting party may terminate this Agreement on giving the other party thirty (30) days prior written notice in the event any of the following occur: i. Licensee fails to pay the License Fee or any other sums owed to Licensor when due and does not cure that default within ten (10) days after written notice thereof by Licensor. ii. Licensor or Licensee defaults in the performance of any non-monetary term of this Agreement and does not cure that default within thirty (30) days after written notice thereof by the non-defaulting party, provided that such period shall be extended as reasonably necessary in the event that the defaulting party is proceeding in good faith with due diligence to cure such default but is unable to do so within thirty (30) days. iii. Licensor or Licensee defaults in the performance of this Agreement and does not cure that default within thirty (30) days after written notice thereof by the non-defaulting party, provided that such period shall be extended as reasonably necessary in the event that the defaulting party is proceeding in good faith with due diligence to cure such default but is unable to do so within thirty (30) days. b. Either party may terminate this Agreement on giving written notice to the other party in the event that Licensor’s grant of this license or Licensee’s use of the Licensed Fibers becomes illegal under any applicable federal, state or local law, rule or regulation.
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Default & Termination for Cause. Subject to the terms and conditions contained herein, if either Party shall (a) make an assignment or any general arrangement for the benefit of creditors; (b) fail to make, when due, any payment required herein (which failure is not cured within five (5) Days after the defaulting Party’s receipt of written notice thereof); (c) otherwise fail to perform any material covenant herein when such performance is due (which failure is not excused by Force Majeure or remedied within sixty (60) Days after the defaulting Party’s receipt of written notice thereof); (d) file a petition or otherwise commence, authorize, or acquiesce in the commencement of a proceeding or cause under any bankruptcy or similar Law for the protection of creditors or have such petition filed or proceeding commenced against it; (e) otherwise become bankrupt or insolvent (however evidenced); or (f) be unable to pay its debts as they fall due, then in addition to any and all other remedies available hereunder, at law, and in equity, the non-defaulting Party shall have the right to suspend performance and/or terminate this Agreement, (1) immediately and without notice in the case of a default described in clause (a), clause (d), clause (e), or clause (f), or (2) upon the expiration of the applicable cure period in the case of a default described in clause (b), clause (c), or clause (g), and pursue such other remedy or remedies as may be available to it under this Agreement (including, without limitation, exercising the rights of recoupment, setoff, offset, deduction, liquidation, and/or enforcement or realization of any security held pursuant to this Agreement, or the drawing on of any letter of credit held pursuant to this Agreement), at Law or in equity.
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Default & Termination for Cause 
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Related to Default & Termination for Cause

  • Voluntary Termination; Termination for Cause If Executive’s employment with the Company terminates voluntarily by Executive or for “Cause” by the Company, then (i) all vesting of the Option will terminate immediately and all payments of compensation by the Company to Executive hereunder will terminate immediately (except as to amounts already earned), and (ii) Executive will only be eligible for severance benefits in accordance with the Company’s established policies as then in effect.

  • CFR PART 200 Termination Termination for cause and for convenience by the grantee or subgrantee including the manner by which it will be eff ected and the basis for settlement. (All contracts in excess of $10,000) Pursuant to the above, when federal funds are expended by ESC Region 8 and TIPS Members, ESC Region 8 and TIPS Members reserves the right to terminate any agreement in excess of $10,000 resulting from this procurement process for cause after giving the vendor an appropriate opportunity an d up to 30 days, to cure the causal breach of terms and conditions. ESC Region 8 and TIPS Members reserves the right to terminate any agreement in excess of $10,000 resulting from this procurement process for convenience with 30 days notice in writing to the awarded vendor. The vendor would be compensated for work performed and goods procured as of the termination date if for convenience of the ESC Region 8 and TIPS Members. Any award under this procurement process is not exclusive and the ESC Region 8 and TIPS reserves the right to purchase goods and services from other vendors when it is in the best interest of t he ESC Region 8 and TIPS. Does vendor agree? Yes

  • Termination for Cause If Vendor fails to materially perform pursuant to the terms of this Agreement, TIPS shall provide written notice to Vendor specifying the default. If Vendor does not cure such default within thirty (30) days, TIPS may terminate this Agreement, in whole or in part, for cause. If TIPS terminates this Agreement for cause, and it is later determined that the termination for cause was wrongful, the termination shall automatically be converted to and treated as a termination for convenience.

  • Termination for Cause; Voluntary Termination (a) The Company may terminate the Executive’s employment hereunder at any time for Cause upon written notice to the Executive. The Executive may voluntarily terminate his employment hereunder at any time without Good Reason upon sixty (60) days prior written notice to the Company; provided, however, the Company reserves the right, upon written notice to the Executive, to accept the Executive’s notice of resignation and to accelerate such notice and make the Executive’s resignation effective immediately, or on such other date prior to Executive’s intended last day of work as the Company deems appropriate. It is understood and agreed that the Company’s election to accelerate Executive’s notice of resignation shall not be deemed a termination by the Company without Cause for purposes of Section 4.1 of this Agreement or otherwise or constitute Good Reason (as defined in Section 4.1) for purposes of Section 4.1 of this Agreement or otherwise. (b) If the Executive’s employment is terminated pursuant to Section 4.2(a), the Executive shall, in full discharge of all of the Company’s obligations to the Executive, be entitled to receive, and the Company’s sole obligation under this Agreement or otherwise shall be to pay or provide to the Executive, the following (collectively, the “Accrued Obligations”): (i) the Executive’s earned, but unpaid, Base Salary through the final date of the Executive’s employment by the Company (the “Termination Date”), payable in accordance with the Company’s standard payroll practices; (ii) the Executive’s accrued, but unused, vacation (in accordance with the Company’s policies); (iii) expenses reimbursable under Section 3.2 above incurred on or prior to the Termination Date but not yet reimbursed; and (iv) any amounts or benefits that are vested amounts or vested benefits or that the Executive is otherwise entitled to receive under any plan, program, policy or practice (with the exception of those, if any, relating to severance) on the Termination Date, in accordance with such plan, program, policy, or practice.

  • Involuntary Termination for Cause If the Employee's employment is terminated for Cause, then the Employee shall not be entitled to receive severance payments. The Employee's benefits will be terminated under the Company's then existing benefit plans and policies in accordance with such plans and policies in effect on the date of termination.

  • Default Termination a. In the event that the Property has been sold contrary to or any person bids in contravention of the provisions in Clause 4 above, then such sale shall be cancelled and become null and void and of no further effect wherein all monies paid by the Purchaser hitherto including the Deposit shall be forfeited absolutely and immediately. b. If the Purchaser defaults in complying with any of these Conditions of Sale or in payment of any sums payable, then the Assignee may (without prejudice to its rights for specific performance) treat such default as a repudiation of the contract and terminate the sale by giving the Purchaser written notice thereof, in which event all monies paid by the Purchaser hitherto including the Deposit shall be forfeited absolutely and immediately. c. In the event of the sale being set aside for any reason whatsoever by the Assignee or by an Order of Court (other than that due to any act of default and/or omission by the Purchaser), then such sale shall be cancelled and become null and void and of no further effect wherein only monies paid by the Purchaser towards the account of the purchase price shall be refunded to the Purchaser free of interest less costs and fees incurred by the Assignee in connection with or relating to the sale. The Purchaser shall not be entitled to an account thereof or any claim or demand whatsoever against the Assignee, the Assignee’s Solicitors, the Auctioneer or their respective servants or agents on the above. A certificate by an officer of the Assignee verifying such expenses and/or fees shall be final and conclusive and shall be binding on the Purchaser. Upon payment by the Assignee herein, the Purchaser shall have no other or further claims, or demands whatsoever in nature and howsoever caused against the Assignee, the Assignee’s Solicitors and the Auctioneer or their respective servants or agents. d. If in the meanwhile the Purchaser has entered into possession of the Property, then the Purchaser is liable at own costs to reinstate the Property and thereafter peaceably to yield up vacant possession of the Property to the Assignee within fourteen (14) days from the date of notification of such termination failing which the Purchaser shall pay the Assignee interest/compensation charges at the rate of 10% per annum on the total purchase price calculated on daily basis from the date of such notification to the date of actual delivery of vacant possession and the Assignee reserves its right to take all further necessary steps or actions to recover or resume possession of the Property at the Purchaser’s costs and expenses. In the event the sale is terminated for any reason whatsoever, the Assignee shall not be liable to the Purchaser for the cost of any improvements to the Property carried out by the Purchaser. The costs to reinstate the Property (if any damage is caused by the Purchaser in possession thereof) or expenses to recover possession of the Property from the Purchaser shall be deducted and set-off against the monies paid herein towards account of the purchase price and thereafter in the event there is any residue, the said residue shall be refunded to the Purchaser free of interest or if the monies paid are not sufficient to cover all such costs and expenses, the Purchaser shall then reimburse and pay the balance amount outstanding to the Assignee failing which the Assignee shall be entitled to take all further necessary steps or actions to recover the same. For this purpose a certificate duly signed by an officer of the Assignee verifying the amount of such costs and expenses shall be accepted by the Purchaser as correct and conclusive. It shall be deemed final and binding upon the Purchaser. e. Subject as aforesaid, the Purchaser shall not be entitled to nor have any or further reimbursements, claims, demands or legal recourses of action or remedies whatsoever in nature and howsoever caused against the Assignee, the Assignee’s Solicitors, the Auctioneer or their respective servants or agents or any other party on account thereof. f. The Purchaser or the Purchaser’s Solicitors shall return or cause to be returned the Assignment or the Memorandum of Transfer and other documents to the Assignee with the Assignee’s interest intact PROVIDED ALWAYS THAT if the Assignment or the Memorandum of Transfer has been adjudicated and stamped, the Purchaser or the Purchaser’s Solicitors shall surrender the same to the relevant authorities to obtain a refund of the stamp duty paid and for cancellation of the same. g. The Assignee shall be at liberty to put up the Property for sale again at a time, place and reserve price to be fixed by the Assignee at its sole discretion or to dispose of and/or otherwise deal with the Property in whatsoever manner the Assignee shall think fit without further reference to the Purchaser. The costs and expenses of in connection with and resulting from such resale together with any deficiency in the price resulting from the resale or the purchase price if there is no resale (as the case may be) shall be recoverable from the defaulting Purchaser. For this purpose a certificate duly signed by an officer of the Assignee verifying the amount of such costs and expenses shall be accepted by the Purchaser as correct and conclusive. It shall be deemed final and binding upon the Purchaser.

  • Voluntary Resignation; Termination for Cause If Executive’s employment with the Company terminates (i) voluntarily by Executive (other than for Good Reason) or (ii) for Cause by the Company, then Executive will not be entitled to receive severance or other benefits except for those (if any) as may then be established under the Company’s then existing severance and benefits plans and practices or pursuant to other written agreements with the Company.

  • Termination for Cause; Resignation If Executive’s employment terminates due to a Termination for Cause (as defined below) or a Resignation (as defined below), Base Salary earned but unpaid as of the date of such termination will be paid to Executive in a lump sum and the Company will have no further obligations to Executive hereunder. In the event any termination of Executive’s employment for any reason, Executive if so requested by the Company agrees to assist in the orderly transfer of authority and responsibility to Executive’s successor.

  • Termination for Cause; Resignation Without Good Reason; Death or Disability If you resign without Good Reason, or the Company terminates your employment for Cause, or upon your death or disability, then all payments of compensation by the Company to you hereunder will terminate immediately (except as to amounts already earned), and you will not be entitled to any Severance Benefits.

  • Termination for Cause or Voluntary Termination If the Executive’s employment terminates pursuant to Section 6(c) [For Cause] or Section 6

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