Early Termination Due to Default Sample Clauses

Early Termination Due to Default. A. As provided in Section 7.5, this Agreement may be terminated by reason of the default of a party.
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Early Termination Due to Default. In the event that either Principal or Marketer shall default in the performance of its obligations under this Agreement, the non-defaulting Party shall give written notice of the default to the defaulting Party. If after twenty (20) days the defaulting Party shall have failed to cure the default in its performance of this Agreement, in addition to any other remedies provided by law, or this Agreement the non-defaulting Party may terminate this Agreement by written notice of termination. For purposes of this Agreement, a Party shall be in default if: It becomes insolvent; or It is unable to meet its obligations under this Agreement; or Principal is unable to meet its obligations to Third Party Suppliers for Gas or transportation services for which Principal has appointed Marketer as agent for management. Its liabilities exceed its assets; or It makes a general assignment of substantially all of its assets for the benefit of its creditors, files a petition for bankruptcy or reorganization or seeks other relief under any applicable insolvency laws; or It has filed against it a petition for bankruptcy, reorganization or other relief under any applicable insolvency laws and such petition is not dismissed within sixty (60) days after it is filed. Obligations to make payments herein, including but not limited to accruing interest, shall service termination of the Agreement.
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Related to Early Termination Due to Default

  • Termination due to Event of Default (a) Termination due to Parties Event of Default

  • Early Termination In the absence of any material breach of this Agreement, should the Trust elect to terminate this Agreement prior to the end of the term, the Trust agrees to pay the following fees:

  • EARLY TERMINATIONS The Student may be released from this agreement for:

  • Early Termination Date The date upon which an Early Termination becomes effective as specified in Section 5.2 of this Agreement. Effective Date - The date specified above as the effective date. Electric Distribution Company or “EDC” – A public utility providing facilities for the transmission and distribution of electricity to retail customers in Pennsylvania. Electric Generation Supplier or “EGS” – A person or entity that is duly certified by the Commission to offer and provide competitive electric supply to retail customers located in the Commonwealth of Pennsylvania.

  • TERMINATION DUE TO CHANGE IN FUNDING ‌ 35 In the event funding from HCA, MCO, State, Federal, or other sources is withdrawn, reduced, or limited 36 in any way after the effective date of this Contract and prior to its normal completion, either party may 37 terminate this Contract subject to re-negotiations.

  • Termination Due To Lack of Funds a. In the event funds to finance this Contract become unavailable, the Department may terminate the Contract upon no less than twenty-four (24) hours written notice to the Vendor. Said notice shall be delivered by certified mail, return receipt requested, or in person with proof of delivery. The Department shall be the final authority as to the availability of funds.

  • Early Termination Fees The amount of an Early Termination Fee that we are entitled to charge is:

  • Termination due to Force Majeure 13.5.1 If the Force Majeure Event or its effects continue to be present beyond the period as specified in Article 4.5.3, either Party shall have the right to cause termination of the Agreement. In such an event, this Agreement shall terminate on the date of such Termination Notice.

  • Payment on Early Termination Upon termination pursuant to Section 14 (Early Termination), District shall pay Contractor as follows:

  • Early Termination Fee After this contract goes into effect, if you terminate this contract for any reason, or switch your service to a different electricity generation supplier or default service supplier prior to the end of the contract term, you will be responsible for paying XOOM Energy an early termination fee in the amount of $500. This Early Termination Fee is intended not as a penalty, but simply to offset the cost of selling the unused portion of your electric power to others and estimated lost revenue that XOOM may incur from such a sale, if any, and related expenses.

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