Common use of Early Termination Notice Clause in Contracts

Early Termination Notice. If Newmark chooses to request early termination under Section 5.01 above, Newmark shall deliver to Cantor a notice (the “Early Termination Notice”) specifying Newmark’s intention to request early termination and showing in reasonable detail its calculation of the Early Termination Payment (the “Proposed Early Termination Payment”). At the time Newmark delivers the Early Termination Notice to Cantor, Newmark shall (a) deliver to Cantor schedules and work papers providing reasonable detail regarding the calculation of the Proposed Early Termination Payment and a letter from a nationally recognized accounting firm supporting such calculation and (b) allow Cantor reasonable access to the appropriate representatives at Newmark and its Subsidiaries and such accounting firm (and the Accounting Firm) in connection with its review of such calculation. Within 30 days after receiving such calculation, Cantor shall notify Newmark whether it agrees to or objects to the Proposed Early Termination Payment. The Proposed Early Termination Payment shall only become final and binding on the parties if Cantor agrees in writing to the value of the Proposed Early Termination Payment within such 30 day period (or such shorter period as may be mutually agreed in writing by the parties). If Cantor and Newmark cannot agree upon the value of the Early Termination Payment, this Agreement will remain in full force and effect. For the avoidance of doubt, Newmark shall have no obligation to request early termination under Section 5.01.

Early Termination Notice. If Newmark BGC Partners chooses to request early termination under Section 5.01 above, Newmark BGC Partners shall deliver to Cantor a notice (the “Early Termination Notice”) specifying Newmark’s BGC Partners’ intention to request early termination and showing in reasonable detail its calculation of the Early Termination Payment (the “Proposed Early Termination Payment”). At the time Newmark BGC Partners delivers the Early Termination Notice to Cantor, Newmark BGC Partners shall (a) deliver to Cantor schedules and work papers providing reasonable detail regarding the calculation of the Proposed Early Termination Payment and a letter from a nationally recognized accounting firm supporting such calculation and (b) allow Cantor reasonable access to the appropriate representatives at Newmark BGC Partners and its Subsidiaries and such accounting firm (and the Accounting Firm) in connection with its review of such calculation. Within 30 days after receiving such calculation, Cantor shall notify Newmark BGC Partners whether it agrees to or objects to the Proposed Early Termination Payment. The Proposed Early Termination Payment shall only become final and binding on the parties if Cantor agrees in writing to the value of the Proposed Early Termination Payment within such 30 day period (or such shorter period as may be mutually agreed in writing by the parties). If Cantor and Newmark BGC Partners cannot agree upon the value of the Early Termination Payment, this Agreement will remain in full force and effect. For the avoidance of doubt, Newmark BGC Partners shall have no obligation to request early termination under Section 5.01.

Early Termination Notice. If Newmark Vantiv chooses to request early termination under Section 5.01 above, Newmark Vantiv shall deliver to Cantor AIC a notice (the “Early Termination Notice”) specifying NewmarkVantiv’s intention to request early termination and showing in reasonable detail its calculation of the Early Termination Payment (the “Proposed Early Termination Payment”). At the time Newmark Vantiv delivers the Early Termination Notice to CantorAIC, Newmark Vantiv shall (a) deliver to Cantor AIC schedules and work papers providing reasonable detail regarding the calculation of the Proposed Early Termination Payment and a letter from a nationally recognized accounting firm supporting such calculation and (b) allow Cantor AIC reasonable access during normal business hours at no cost to the appropriate representatives at Newmark Vantiv and its Subsidiaries and such accounting firm (and the Accounting Firm) in connection with its review of such calculation. Within 30 calendar days after receiving such calculation, Cantor AIC shall notify Newmark Vantiv whether it agrees to or objects to the Proposed Early Termination Payment. The Proposed Early Termination Payment shall only become final and binding on the parties if Cantor AIC agrees in writing to the value of the Proposed Early Termination Payment within such 30 30-day period (or such shorter period as may be mutually agreed in writing by the parties). If Cantor AIC objects, and Newmark AIC and Vantiv, for any reason, cannot agree upon the value of the Early Termination PaymentPayment within 30 calendar days following Vantiv’s receipt of AIC’s objection, Vantiv and AIC shall employ the Reconciliation Procedures as described in Section 8.09 of this Agreement will remain in full force and effectAgreement. For the avoidance of doubt, Newmark Vantiv shall have no obligation to request early termination under Section 5.01.

Early Termination Notice. If Newmark Vantiv chooses to request early termination under Section 5.01 above, Newmark Vantiv shall deliver to Cantor JPDN a notice (the “Early Termination Notice”) specifying NewmarkVantiv’s intention to request early termination and showing in reasonable detail its calculation of the Early Termination Payment (the “Proposed Early Termination Payment”). At the time Newmark Vantiv delivers the Early Termination Notice to CantorJPDN, Newmark Vantiv shall (a) deliver to Cantor JPDN schedules and work papers providing reasonable detail regarding the calculation of the Proposed Early Termination Payment and a letter from a nationally recognized accounting firm supporting such calculation and (b) allow Cantor JPDN reasonable access during normal business hours at no cost to the appropriate representatives at Newmark Vantiv and its Subsidiaries and such accounting firm (and the Accounting Firm) in connection with its review of such calculation. Within 30 calendar days after receiving such calculation, Cantor JPDN shall notify Newmark Vantiv whether it agrees to or objects to the Proposed Early Termination Payment. The Proposed Early Termination Payment shall only become final and binding on the parties if Cantor JPDN agrees in writing to the value of the Proposed Early Termination Payment within such 30 30-day period (or such shorter period as may be mutually agreed in writing by the parties). If Cantor JPDN objects, and Newmark JPDN and Vantiv, for any reason, cannot agree upon the value of the Early Termination PaymentPayment within 30 calendar days following Vantiv’s receipt of JPDN’s objection, Vantiv and JPDN shall employ the Reconciliation Procedures as described in Section 8.09 of this Agreement will remain in full force and effectAgreement. For the avoidance of doubt, Newmark Vantiv shall have no obligation to request early termination under Section 5.01.

Early Termination Notice. If Newmark chooses New Charter and the Charter Member choose to request early termination under Section 5.01 5.01, above, Newmark New Charter and the Charter Member shall deliver to Cantor A/N a notice (the “Early Termination Notice”) specifying NewmarkNew Charter and the Charter Member’s intention to request early termination and showing in reasonable detail its calculation of the Early Termination Payment (the “Proposed Early Termination Payment”). At the time Newmark delivers New Charter and the Charter Member deliver the Early Termination Notice to CantorA/N, Newmark New Charter shall (a) deliver to Cantor A/N schedules and work papers providing reasonable detail regarding the calculation of the Proposed Early Termination Payment and a letter from a nationally recognized accounting firm supporting such calculation and (b) allow Cantor A/N reasonable access to the appropriate representatives at Newmark New Charter and its Subsidiaries and such accounting firm (and the Accounting Firm) in connection with its review of such calculation. Within 30 days after receiving such calculation, Cantor A/N shall notify Newmark New Charter and the Charter Member whether it agrees to or objects to the Proposed Early Termination Payment. The Proposed Early Termination Payment shall only become final and binding on the parties if Cantor A/N agrees in writing to the value of the Proposed Early Termination Payment within such 30 day period (or such shorter period as may be mutually agreed in writing by the parties). If Cantor and Newmark the parties cannot agree upon the value of the Early Termination Payment, this Agreement will remain in full force and effect. For the avoidance of doubt, Newmark New Charter and the Charter Member shall have no obligation to request early termination under Section 5.01.

Early Termination Notice. If Newmark BGC Corporation chooses to request early termination under Section 5.01 above, Newmark BGC Corporation shall deliver to Cantor a notice (the “Early Termination Notice”) specifying NewmarkBGC Corporation’s intention to request early termination and showing in reasonable detail its calculation of the Early Termination Payment (the “Proposed Early Termination Payment”). At the time Newmark BGC Corporation delivers the Early Termination Notice to Cantor, Newmark BGC Corporation shall (a) deliver to Cantor schedules and work papers providing reasonable detail regarding the calculation of the Proposed Early Termination Payment and a letter from a nationally recognized accounting firm supporting such calculation and (b) allow Cantor reasonable access to the appropriate representatives at Newmark BGC Corporation and its Subsidiaries and such accounting firm (and the Accounting Firm) in connection with its review of such calculation. Within 30 days after receiving such calculation, Cantor shall notify Newmark BGC Corporation whether it agrees to or objects to the Proposed Early Termination Payment. The Proposed Early Termination Payment shall only become final and binding on the parties if Cantor agrees in writing to the value of the Proposed Early Termination Payment within such 30 day period (or such shorter period as may be mutually agreed in writing by the parties). If Cantor and Newmark BGC Corporation cannot agree upon the value of the Early Termination Payment, this Agreement will remain in full force and effect. For the avoidance of doubt, Newmark BGC Corporation shall have no obligation to request early termination under Section 5.01.

Early Termination Notice. If Newmark Vantiv chooses to request early termination under Section 5.01 above, Newmark Vantiv shall deliver to Cantor Fifth Third a notice (the “Early Termination Notice”) specifying NewmarkVantiv’s intention to request early termination and showing in reasonable detail its calculation of the Early Termination Payment (the “Proposed Early Termination Payment”). At the time Newmark Vantiv delivers the Early Termination Notice to CantorFifth Third, Newmark Vantiv shall (a) deliver to Cantor Fifth Third schedules and work papers providing reasonable detail regarding the calculation of the Proposed Early Termination Payment and a letter from a nationally recognized accounting firm supporting such calculation and (b) allow Cantor Fifth Third reasonable access during normal business hours at no cost to the appropriate representatives at Newmark Vantiv and its Subsidiaries and such accounting firm (and the Accounting Firm) in connection with its review of such calculation. Within 30 [30] calendar days after receiving such calculation, Cantor Fifth Third shall notify Newmark Vantiv whether it agrees to or objects to the Proposed Early Termination Payment. The Proposed Early Termination Payment shall only become final and binding on the parties if Cantor Fifth Third agrees in writing to the value of the Proposed Early Termination Payment within such 30 day period (or such shorter period as may be mutually agreed in writing by the parties). If Cantor Fifth Third objects, and Newmark Fifth Third and Vantiv, for any reason, cannot agree upon the value of the Early Termination PaymentPayment within [30] calendar days following Vantiv’s receipt of Fifth Third’s objection, Vantiv and Fifth Third shall employ the Reconciliation Procedures as described in Section 8.09 of this Agreement will remain in full force and effectAgreement. For the avoidance of doubt, Newmark Vantiv shall have no obligation to request early termination under Section 5.01.

Early Termination Notice. If Newmark Vantiv chooses to request early termination under Section 5.01 above, Newmark Vantiv shall deliver to Cantor Fifth Third a notice (the “Early Termination Notice”) specifying NewmarkVantiv’s intention to request early termination and showing in reasonable detail its calculation of the Early Termination Payment (the “Proposed Early Termination Payment”). At the time Newmark Vantiv delivers the Early Termination Notice to CantorFifth Third, Newmark Vantiv shall (a) deliver to Cantor Fifth Third schedules and work papers providing reasonable detail regarding the calculation of the Proposed Early Termination Payment and a letter from a nationally recognized accounting firm supporting such calculation and (b) allow Cantor Fifth Third reasonable access during normal business hours at no cost to the appropriate representatives at Newmark Vantiv and its Subsidiaries and such accounting firm (and the Accounting Firm) in connection with its review of such calculation. Within 30 calendar days after receiving such calculation, Cantor Fifth Third shall notify Newmark Vantiv whether it agrees to or objects to the Proposed Early Termination Payment. The Proposed Early Termination Payment shall only become final and binding on the parties if Cantor Fifth Third agrees in writing to the value of the Proposed Early Termination Payment within such 30 day period (or such shorter period as may be mutually agreed in writing by the parties). If Cantor Fifth Third objects, and Newmark Fifth Third and Vantiv, for any reason, cannot agree upon the value of the Early Termination PaymentPayment within 30 calendar days following Vantiv’s receipt of Fifth Third’s objection, Vantiv and Fifth Third shall employ the Reconciliation Procedures as described in Section 8.09 of this Agreement will remain in full force and effectAgreement. For the avoidance of doubt, Newmark Vantiv shall have no obligation to request early termination under Section 5.01.

Early Termination Notice. If Newmark Vantiv chooses to request early termination under Section 5.01 above, Newmark Vantiv shall deliver to Cantor AIC a notice (the “Early Termination Notice”) specifying NewmarkVantiv’s intention to request early termination and showing in reasonable detail its calculation of the Early Termination Payment (the “Proposed Early Termination Payment”). At the time Newmark Vantiv delivers the Early Termination Notice to CantorAIC, Newmark Vantiv shall (a) deliver to Cantor AIC schedules and work papers providing reasonable detail regarding the calculation of the Proposed Early Termination Payment and a letter from a nationally recognized accounting firm supporting such calculation and (b) allow Cantor AIC reasonable access during normal business hours at no cost to the appropriate representatives at Newmark Vantiv and its Subsidiaries and such accounting firm (and the Accounting Firm) in connection with its review of such calculation. Within 30 [30] calendar days after receiving such calculation, Cantor AIC shall notify Newmark Vantiv whether it agrees to or objects to the Proposed Early Termination Payment. The Proposed Early Termination Payment shall only become final and binding on the parties if Cantor AIC agrees in writing to the value of the Proposed Early Termination Payment within such 30 [30] day period (or such shorter period as may be mutually agreed in writing by the parties). If Cantor AIC objects, and Newmark AIC and Vantiv, for any reason, cannot agree upon the value of the Early Termination PaymentPayment within [30] calendar days following Vantiv’s receipt of AIC’s objection, Vantiv and AIC shall employ the Reconciliation Procedures as described in Section 8.09 of this Agreement will remain in full force and effectAgreement. For the avoidance of doubt, Newmark Vantiv shall have no obligation to request early termination under Section 5.01.