DELTA-T’s Right to Terminate Sample Clauses

DELTA-T’s Right to Terminate. DELTA-T may terminate the Contract if:
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DELTA-T’s Right to Terminate. Delta-T may terminate the Contract on seven (7) Days written notice if the Work is stopped, without fault on the part of the Delta-T or, any of its vendors or subcontractors, for more than twenty-one Days, for any of the following reasons:
Sample 1
DELTA-T’s Right to Terminate. Delta-T may terminate the Contract on seven (7) Days written notice if the Work is stopped, without fault on the part of the Delta-T or, any of its vendors or subcontractors, for more than twenty-one Days, for any of the following reasons: a. a petition in bankruptcy is filed by Owner, and such filing materially impacts Owner's ability to perform its obligations under this Contract, or such a petition is filed against Owner and it is not dismissed within forty-five (45) Days. b. Owner has not made payment within sixty (60) Days of the date due; or c. Owner commits any other material breach of a material obligation under this Contract, and fails to cure such breach within the longer of 45 Days of its receipt of written notice of such breach or such longer time as is reasonably required to cure such breach. Delta-T may terminate the Contract on seven (7) Days written notice if the Work is stopped, without fault on the part of the Delta-T or, any of its vendors or subcontractors, for more than ninety (90) Days because of the issuance of any order of a court or other public authority having jurisdiction over the Site or project. Upon such termination Owner shall pay Delta-T (a) all amounts then due to it under this Contract as of the date of termination, including all amounts completed but not yet invoiced, and including the portions, if any, of such amounts that would have been held as retainage in accordance with Exhibit B, (b) all unavoidable costs payable to subcontractors at any tier and all other vendors related to the work, including reasonable fees for cancellation, and (c) a termination fee calculated as set forth in Exhibit B. For this purpose, the amounts then due to Delta-T shall be deemed to be all amounts billed in accordance with Exhibit B up to the date of termination, plus the value of all goods delivered and services performed under this Contract and not billed as of the date of termination. In the event that the Parties cannot agree on the total amount due within thirty (30) Days of the date of Delta-T's demand for payment hereunder, either Party may initiate arbitration under Section 18.2 below.
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Related to DELTA-T’s Right to Terminate

  • Right to Terminate Notwithstanding anything to the contrary set forth in this Agreement, this Agreement may be terminated and the transactions contemplated herein abandoned at any time prior to the Closing:

  • Tenant’s Right to Terminate If the Leased Premises, the Building or the Outside Area are damaged by any peril and Landlord does not elect to terminate this Lease or is not entitled to terminate this Lease pursuant to this Article, then as soon as reasonably practicable, Landlord shall furnish Tenant with the written opinion of Landlord's architect or construction consultant as to when the restoration work required of Landlord may be complete. Tenant 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 Landlord of a written notice of election to terminate within seven days after Tenant receives from Landlord the estimate of the time needed to complete such restoration:

  • Purchaser’s Right to Terminate Anything in any of the Transaction Documents to the contrary notwithstanding, each Purchaser has the right to demand and receive back from the Company such Purchaser’s Subscription Amount at any time until a Closing takes place in connection with such Subscription Amount. UNDER NO CIRCUMSTANCES WILL THE PURCHASER’S SUBSCRIPTION AMOUNT BE DELIVERED TO OR UNDER THE CONTROL OR AUTHORITY OF ANY PLACEMENT AGENT OR BROKER INCLUDING BUT NOT LIMITED TO PALLADIUM CAPITAL ADVISORS, LLC.

  • 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).

  • 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:

  • Company’s Right to Terminate Notwithstanding the provisions of Section 3.1, Company shall have the right to terminate Executive’s employment under this Agreement at any time for any of the following reasons:

  • 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:

  • Right to Terminate Agreement This Agreement may be terminated prior to the Closing:

  • Reservation of Right to Terminate Relationship Nothing contained in this Agreement shall restrict the right of the Company to terminate the relationship of the Optionee at any time, with or without cause. The termination of the relationship of the Optionee by the Company, regardless of the reason therefor, shall have the results provided for in Sections 3 and 4 of this Agreement.

  • Employee’s Right to Terminate for Convenience In addition to Employee’s right to terminate Employee’s employment for Good Reason, Employee shall have the right to terminate Employee’s employment with the Company for convenience at any time and for any other reason, or no reason at all, upon thirty (30) days’ advance written notice to the Company; provided, however, that if Employee has provided notice to the Company of Employee’s termination of employment, the Company may determine, in its sole discretion, that such termination shall be effective on any date prior to the effective date of termination provided in such notice (and, if such earlier date is so required, then it shall not change the basis for Employee’s termination of employment nor be construed or interpreted as a termination of employment pursuant to Section 7(b)).

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