Discontinuance of Operations During Term of Agreement Sample Clauses

Discontinuance of Operations During Term of Agreement. In the event the facility is completed and begins operation, but subsequently discontinues operations during the term of the Agreement after the completion of construction, (i) for more than 120 consecutive days due to major equipment failure, renovation, or replacement; or (ii) for a temporary basis due to fire, explosion or other casualty or accident, pandemic, or natural disaster, the Agreement may be terminated by the Fort bend County and all taxes previously abated by virtue of the Agreement shall be recaptured and paid within sixty (60) days from the date of termination. If the County does not receive full payment within said 60 days, a penalty may be added, equal to 15% of the total amount abated.
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Discontinuance of Operations During Term of Agreement. In the event the Facility is completed and begins operation with the required minimum number of net new full-time jobs but subsequently discontinues operations and the minimum required number of net new full-time jobs is not maintained during any four (4) consecutive weeks during the term of the Agreement, for any reason except on a temporary basis due to fire, explosion or other casualty or accident or natural disaster or event of force majeure, the Agreement may be terminated by the Governmental Unit, and all taxes previously abated by virtue of the Agreement during the preceding four years shall be recaptured and paid within 60 days of such termination. For discontinuances not related to force majeure, Owner may request an extension of time from the Governmental Unit.
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Discontinuance of Operations During Term of Agreement. In the event the Facility is completed and begins operation with the required minimum number of net new full-time jobs and begins operation but subsequently discontinues operations and the minimum required number of net new full- time jobs is not maintained during any four (4) consecutive weeks during the term of the Agreement after the beginning of operation, for any reason except on a temporary basis due to fire, explosion or other casualty or accident or natural disaster or event of force majeure, the Agreement may be terminated by the Governmental Unit, and all taxes previously abated by virtue of the Agreement during the preceding four years shall be recaptured and paid within 60 days of such termination.
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Discontinuance of Operations During Term of Agreement. In the event the facility is completed and begins operation with the required minimum number of permanent jobs, but subsequently discontinues operations and the minimum number of permanent jobs is not maintained on any January 1st during the term of the Agreement after the completion of construction, for any reason except on a temporary basis due to fire, explosion or other casualty or accident or natural disaster, the Agreement may be terminated by the Fort bend District and all taxes previously abated by virtue of the Agreement shall be recaptured and paid within sixty (60) days from the date of termination. If the District does not receive full payment within said 60 days, a penalty may be added, equal to 15% of the total amount abated.
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Related to Discontinuance of Operations During Term of Agreement

  • Partial Disposal During Term of Service Agreement Throughout the Term of the Service Agreement, LEA may request partial disposal of Student Data obtained under the Service Agreement that is no longer needed. Partial disposal of data shall be subject to LEA’s request to transfer data to a separate account, pursuant to Article II, section 3, above.

  • OPERATION OF PROPERTY DURING AGREEMENT PERIOD The Seller will continue to operate the Property and any business conducted on the Property in the manner operated prior to the Agreement and will take no action that would adversely impact the Property, tenants, lender, or business, if any. Any changes, such as renting vacant space, that materially affects the Property or the Buyer's intended use will be permitted only with the Buyer's consent.

  • PROJECT TERMINATION AND SUSPENSION 15.1 This Agreement may be terminated during the Pre-Construction Phase by either party upon fifteen (15) days written notice should the other party fail substantially to perform in accordance with its terms through no fault of the party initiating the termination and the breach is not cured or a plan to cure the breach acceptable to the non-breaching party is not established within the fifteen (15) day period.

  • TERM OF AGREEMENT/TERMINATION A. The term of this Agreement shall commence on the date hereof.

  • Termination in the Event of Financial Difficulties If the HSP makes an assignment, proposal, compromise, or arrangement for the benefit of creditors, or is petitioned into bankruptcy, or files for the appointment of a receiver the Funder will consult with the Director before determining whether this Agreement will be terminated. If the Funder terminates this Agreement because a person has exercised a security interest as contemplated by section 107 of the Act, the Funder would expect to enter into a service accountability agreement with the person exercising the security interest or the receiver or other agent acting on behalf of that person where the person has obtained the Director's approval under section 110 of the Act and has met all other relevant requirements of Applicable Law.

  • Employee Leaving During the Notice Period If the employment of an employee is terminated (other than for misconduct) before the notice period expires, the employee shall be entitled to the same benefits and payments under this clause had the employee remained with the employer until the expiry of such notice. Provided that in such circumstance the employee shall not be entitled to payment in lieu of notice.

  • Complete Disposal Upon Termination of Service Agreement Upon Termination of the Service Agreement Provider shall dispose or delete all Student Data obtained under the Service Agreement. Prior to disposition of the data, Provider shall notify LEA in writing of its option to transfer data to a separate account, pursuant to Article II, section 3, above. In no event shall Provider dispose of data pursuant to this provision unless and until Provider has received affirmative written confirmation from LEA that data will not be transferred to a separate account.

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