Dissolution and Termination of the Agreement Sample Clauses

Dissolution and Termination of the Agreement. 9.1. The Partner cannot terminate or dissolve the Agreement on grounds other than those set out in the paragraphs below. 9.2. Without prejudice to article 9.5 of these GTC, either Party is authorized to dissolve the Agreement due to an attributable failure to observe the Agreement if the other Party fails attributably in meeting essential obligations arising from the Agreement. Dissolution is only possible after a notice of default containing as many details as possible whereby a reasonable term for remedy of the failure is stated, being this notification issued by registered post with a reasonable term of at least thirty (30) calendar days to remedy the situation, said Party continues to attributably fail in the performance of his obligations under the Agreement. ALL obligations to cooperate by the Partner or a Third-Party engaged by the Partner shall always qualify as essential obligations under the Agreement. 9.3. Without prejudice to article 9.5 of these GTC, if, at the time of the dissolution as referred to in this article 9, the Partner has already received payment as part of the execution of the Agreement, these payments shall not be the subject of cancellation. Sums paid by RC prior to the dissolution concerning the proper performance or Delivery in execution of the Agreement shall be returned at the time of dissolution. Jan.2020 - GTCRC 9.4. If an Agreement which on the basis of its nature and content does not terminate and has been entered into for an indefinite period of time, it can, after proper consultations have been conducted, be terminated by either Party by means of a written notice of termination stating the reasons. If a notice period has not been agreed between the Parties, a reasonable notice period shall be observed which shall be no shorter than four (4) months. 9.5. The Partner is never entitled to terminate or rescind in whole or in part (ex-section 6:265 DCC) an Agreement which has been entered into for a definite period of time in the interim, such as, but not limited to, a service agreement or Statement of Work (Order Form). 9.6. RC can terminate an agreement in writing, wholly or in part, with immediate effect and without any notice of default being required if the Partner is granted suspension of payments, whether or not temporary, if bankruptcy is filed for with regard to the Partner or if the business of the Partner is liquidated or terminated other than as part of a reorganization or merger. RC shall never be under an obli...
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Dissolution and Termination of the Agreement. 20.1 Each of the parties has the right to dissolve the Agreement only if the other party, after a proper and as detailed as possible written notice of default setting a reasonable time limit for remedying the shortcoming, culpably fails to fulfil essential obligations under the Agreement. 20.2 An Agreement which, due to its nature and content, does not end in completion an which has been entered into for an indefinite period of time, may be terminated by either of the parties by written notice of termination after proper business consultation, stating the reasons for the termination. If no explicit notice period has been agreed between the parties, a reasonable notice period must be observed when terminating the contract. The parties will never be obliged to pay any compensation as a result of termination. 20.3 Remoticom may terminate the Agreement in whole or in part without notice of default and without judicial intervention by giving written notice with immediate effect if the Customer is granted a suspension of payments, whether or not provisionally, if a petition for bankruptcy is filed against the Customer or if his company is liquidated or terminated other than for the purpose of reconstruction or amalgamation of companies. Remoticom will never be obliged to pay any compensation due to this termination. 20.4 The Customer is never entitled to terminate an Agreement that has been entered into for a definite period of time or that relates to the execution of Work prematurely, except in the situation referred to in the first paragraph. 20.5 If at the time of dissolution as referred to in paragraph 1 of this article, the Customer has already received a Product or Work in the performance of the Agreement, such performance and the related payment obligation will not be subject to dissolution, unless Remoticom is in default with respect to such performance. Amounts that Remoticom has invoiced prior to the dissolution in connection with what it has already done or delivered for the execution of the Agreement, remain due in full, subject to the provisions of the previous sentence, and will become immediately due and payable at the time of dissolution.
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Dissolution and Termination of the Agreement. 6.1 This Agreement can be terminated by: 6.1.1 Mutual agreement between the Parties. 6.1.2 LINDEKILDE with thirty days’ written no- xxxx. 6.1.3 The Contracting Party without any cause and with 90 days’ written notice. 6.2 In the events mentioned in section 6.1.1, 6.1.2 and 6.1.3 LINDEKILDE is entitled to dissolve all or a part of the Agreement between the parties with an immediate effect without being obligated to pay damages to the Contract- ing Party. 6.2.1 In the event that the Contracting Party files for insolvency or a moratorium on payment of its debts or insolvency. 6.2.2 In the event that the Contracting Party is declared insolvent. 6.2.3 In the event that the Contracting Party fails to perform its contractual obligations.
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Dissolution and Termination of the Agreement. A. Events of Default I. A material breach by a party of any material covenant, material warranty, or material representation contained herein, where such defaulting party fails to cure such breach within 30 calendar days after receipt of written notice thereof, or within such specific cure period as is expressly provided for elsewhere in this Agreement; or II. A voluntary or involuntary bankruptcy, insolvency or assignment for the benefit of creditors of a party or in the event any action or proceeding is instituted relating to any of the foregoing and the same is not dismissed within 30 calendar days after such institution; or III. A failure by either party to make payment of any monies payable pursuant to this Agreement as and when due; or IV. One of the parties commits an illegal action that subjects the other party to harm or adverse consequences.
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Dissolution and Termination of the Agreement. Events of Default
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Dissolution and Termination of the Agreement 
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Related to Dissolution and Termination of the Agreement

  • Duration and Termination of the Agreement This Agreement shall become effective upon its execution; provided, however, that this Agreement shall not become effective with respect to any Portfolio now existing or hereafter created unless it has first been approved (a) by a vote of the Independent Trustees, cast in person at a meeting called for the purpose of voting on such approval, and (b) if required under the 1940 Act, by an affirmative vote of a majority of the outstanding voting shares of that Portfolio. This Agreement shall remain in full force and effect continuously thereafter without the payment of any penalty as follows: (a) By vote of a majority of the (i) Independent Trustees, or (ii) outstanding voting shares of the applicable Portfolios, the Trust may at any time terminate this Agreement with respect to any or all Portfolios by providing not more than 60 days’ written notice delivered or mailed by registered mail, postage prepaid, to the Manager and the Subadviser. (b) This Agreement will terminate automatically with respect to a Portfolio unless, within two years after its initial effectiveness with respect to such Portfolio and at least annually thereafter, the continuance of the Agreement is specifically approved by (i) the Board of Trustees or the shareholders of such Portfolio by the affirmative vote of a majority of the outstanding shares of such Portfolio, and (ii) a majority of the Independent Trustees, by vote cast in person at a meeting called for the purpose of voting on such approval. If the continuance of this Agreement is submitted to the shareholders of any Portfolio for their approval and such shareholders fail to approve such continuance as provided herein, the Subadviser may continue to serve hereunder in a manner consistent with the 1940 Act and the rules and regulations thereunder. (c) The Manager may at any time terminate this Agreement with respect to any or all Portfolios by not less than 60 days’ written notice delivered or mailed by registered mail, postage prepaid, to the Subadviser, and the Subadviser may at any time terminate this Agreement with respect to any or all Portfolios by not less than 90 days’ written notice delivered or mailed by registered mail, postage prepaid, to the Manager. (d) This Agreement automatically and immediately will terminate in the event of its assignment. Upon termination of this Agreement with respect to any Portfolio, the duties of the Manager delegated to the Subadviser under this Agreement with respect to such Portfolio automatically shall revert to the Manager.

  • Termination of the Agreement In the event of failure by the participant to perform any of the obligations arising from the agreement, and regardless of the consequences provided for under the applicable law, the institution is legally entitled to terminate or cancel the agreement without any further legal formality where no action is taken by the participant within one month of receiving notification by registered letter. If the participant terminates the agreement before its agreement ends or if he/she fails to follow the agreement in accordance with the rules, he/she shall have to refund the amount of the grant already paid, except if agreed differently with the sending organisation. In case of termination by the participant due to "force majeure", i.e. an unforeseeable exceptional situation or event beyond the participant's control and not attributable to error or negligence on his/her part, the participant shall be entitled to receive at least the amount of the grant corresponding to the actual duration of the mobility period. Any remaining funds shall have to be refunded, except if agreed differently with the sending organisation.

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