Duty of Member Following Termination Sample Clauses

Duty of Member Following Termination. Immediately after the termination of Member's rights under this Agreement, Member shall immediately sell and deliver to Company Member's share of stock of Company for $100 pursuant to ARTICLE XII of the By-Laws. The obligations of Member under this Agreement, the Company's Articles of Incorporation, By-Laws, and policies shall survive the termination of Member's Membership and continue to be legally binding obligations upon Member until fully and completely performed. VII: LIMITATIONS ON COMPANY'S LIABILITY; DISCLAIMER OF LIABILITY; INDEMNITY
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Duty of Member Following Termination. Immediately after the termination of Member’s rights under this Agreement, Member shall (a) remove all Marks, signs and emblems of Company from Member’s Facility(ies), and all other places where the same is situated; (b) cease using any and all of the Marks licensed hereunder; and (c) deliver at Member's sole cost and expense to Company or its agents all Company Information and all samples, sales aids, advertising literature, displays, catalogues, bulletins, price information, discount information, purchase orders, microfilm and other similar information or materials supplied to Member by Company, together with any other matter bearing any of the Marks. After termination of Member's rights under this Agreement, Company and its agents may at any time, upon twenty four hours prior notice, enter Member's Facility (ies) or elsewhere to take possession and remove the items described in this Section 6.d. and any and all items and materials furnished by Company to Member, and Company shall not be guilty of trespass or any other tort in connection therewith. Upon termination of Member’s rights under this Agreement for any reason, Member shall immediately sell and deliver to Company Member’s share of stock of Company for $100 pursuant to ARTICLE XII of the By-Laws. The obligations of Member under this Agreement and the By-Laws shall survive the termination of Member’s membership and continue to be legally binding obligations upon Member until fully and completely performed. Upon termination of Member’s rights under this Agreement, the Company shall pay Member all of Member’s accrued, but unpaid patronage dividends subject to the Company’s right to offset such amount of accrued but unpaid patronage dividends against any outstanding obligations of Member to Company and subject to the Company’s established patronage dividend payment timing and procedures. Notwithstanding the foregoing, if the termination of Member’s rights under this Agreement is pursuant to section 6.5.v. above and Member has elected to join the new cooperative, Member shall not be required under this Agreement to comply with the provisions of subparts (a) through (c) of this section 6.d., but the rights and obligations related to all such Marks and materials will be governed by the provisions of the new cooperative.
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Related to Duty of Member Following Termination

  • Following Termination 10.2.1 the Parties will agree the procedure for administering the Insurance Business current at the time of termination;

  • Obligations Following Termination If a Non-Defaulting Party terminates this Agreement pursuant to this Section 13(b), then following such termination, Seller shall, at the sole cost and expense of the Defaulting Party, remove the equipment (except for mounting pads and support structures) constituting the System. The Non-Defaulting Party shall take all commercially reasonable efforts to mitigate its damages as the result of a Default Event.

  • Transfer of Project Records Following Termination Following the termination of this Agreement for any reason, Contractor, without additional compensation, will provide any and all records relating to the goods and/or services provided by Contractor pursuant to this Agreement to the District and any other vendors that the District may engage to provide the same or similar goods and/or services in the future. Without additional compensation, Contractor shall in good faith cooperate with the District and any other vendors that the District may engage to ensure a smooth transition from Contractor to another vendor and to minimize any disruption in the provision of goods and/or services provided by Contractor to the District.

  • Membership Termination No Member may terminate its membership in the Sector 21 other than in accordance with this Section 12. A Member that has agreed to join the Sector prior to the 22 Effective Date may withdraw from Sector membership prior to the Effective Date without penalty or 23 prejudice. Thereafter, only a Member that is not in breach of this Agreement and that has no 24 outstanding Sector performance or payment obligations may terminate its membership in the Xxxxxx, 00 and may do so only in compliance with the terms and conditions of this Section 12. Notwithstanding the 26 foregoing, the Board may terminate the membership of a Member in breach of its payment or 27 performance obligations under this Agreement, as the Board deems appropriate in its sole discretion.

  • 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 of Membership You may terminate your membership by giving us written notice or by withdrawing your minimum required membership share(s), if any, and closing all your accounts. You may be denied services for causing a loss to the Credit Union, or you may be expelled for any reason as allowed by applicable law.

  • Re-employment After Voluntary Termination or Dismissal for Cause Where an employee voluntarily leaves the Employer's service, or is dismissed for cause and is later re-engaged, seniority and all perquisites shall date only from the time of re-employment, according to regulations applying to new employees.

  • Obligation after the termination of personal data processing services

  • CFR PART 200 Termination Termination for cause and for convenience by the grantee or subgrantee including the manner by which it will be effected 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 and 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 the ESC Region 8 and TIPS. Does vendor agree? Yes

  • Grant Remedies Termination and Prohibited Activities 18 9.1 Remedies 18 9.2 Termination for Convenience 19 9.3 Termination for Cause 19

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