Effect of Early Termination. Except for a termination by the Company without “Cause” or by the Employee for “Good Reason,” in the event of any early termination of the Term of Employment, the Company’s obligations under this Agreement shall immediately cease and the Employee shall be entitled to only the Employee’s Base Salary and employment benefits which have accrued and to which the Employee is entitled to through the date of such termination, including any bonus that may have been awarded but not yet paid. These accrued salary and benefits shall be paid on or about the date of termination. The Employee shall not be entitled to any other compensation or consideration, including any bonus not yet awarded that the Employee may have been eligible for had his Term of Employment not ceased. In the event of an early termination of the Term of Employment due to the Employee’s disability, as set forth in Section 10(a), the Employee will be eligible to receive a pro rata amount of any bonus he would have received had his Term of Employment not ceased (determined in the manner set forth in the penultimate sentence of Section 10(f)), which bonus shall be paid within thirty (30) days of the date of the Employee’s termination.
Effect of Early Termination. (i) On a Business Day that is no sooner than five (5) Business Days prior to the date on which the terminating Party has proposed, in its notice of termination delivered pursuant to Section 12.2(a) or (b), as applicable, that this Agreement terminate, the non-terminating Party shall, using the terms of the Master Netting Agreement, calculate the UMA Final Settlement Amount as of such Business Day. In determining the UMA Final Settlement Amount, (A) the non-terminating Party shall be deemed to be the Non-defaulting Party, and (B) the calculating Party shall include in the calculation of the UMA Final Settlement Amount only those Direct Transactions or Credit-Enabled Transactions that will be terminated on the date of Early Termination pursuant to Article 15. Upon completing such calculation of the UMA Final Settlement Amount, such amount shall constitute the “Early Termination Net Payment” hereunder. If the Early Termination Net Payment is positive, IDT shall pay to BP when due the Early Termination Net Payment. If the Early Termination Net Payment is negative, BP shall pay to IDT when due the Early Termination Net Payment. Table of Contents
(ii) If IDT elects an Early Termination pursuant to Section 12.2(a), IDT shall be obligated to pay to BP, in addition to any Early Termination Net Payment that it may owe upon an Early Termination, an amount equal to the greater of (A) * or (B) *% of the Supply Fees that, but for such Early Termination, IDT would owe to BP from the date of Early Termination through the end of the Planned Term (the “Supply Fee Termination Payment”). BP shall calculate the Supply Fee Termination Payment. BP shall utilize the forecasted quantities of Natural Gas and Energy that, but for such Early Termination, BP would have sold and delivered to IDT in connection with any Direct Transaction or Credit-Enabled Transaction from the date of Early Termination through the end of the Planned Term. If BP must pay to IDT when due the Early Termination Net Payment, BP may offset the Supply Fee Termination Payment against the Early Termination Net Payment it owes.
(iii) As soon as practicable after completing the calculation of the Early Termination Net Payment and, if any, the Supply Fee Termination Payment, the calculating Party shall provide notice to the other Party of (A) the Early Termination Net Payment and, if any, the Supply Fee Termination Payment, (B) whether such Early Termination Net Payment is owed by the terminating Party or the non-te...
Effect of Early Termination. 10.1 Any provision of this agreement that expressly or by implication is intended to come into or continue in force on or after termination or expiry of this agreement shall remain in full force and effect.
10.2 Termination or expiry of this agreement shall not affect any rights, remedies, obligations or liabilities of the parties that have accrued up to the date of termination or expiry, including the right to claim damages in respect of any breach of the agreement which existed at or before the date of termination or expiry.
Effect of Early Termination. Except as specifically provided for under Cancellation Deadlines in the Rates & Dates Sheet, early termination by Student shall result in the following: 1) forfeiture of the non-refundable Fees; and 2) the obligation to pay a prorated portion of Rent Fees and Meal Plan Fees through the date that Student vacates the Room. Students who fail to vacate their room by a date agreed upon with XXX could also be assessed an additional penalty charges of $25 per day.
Effect of Early Termination. Within sixty (60) days after early termination of this Agreement, Grantee shall provide Grantor with a Closeout Report setting forth the total expenditure of the Grant Funds by Grantee and the status of the Project at the time of termination. In addition, Grantee shall surrender all reports, documents, and other materials assembled and prepared pursuant to this Agreement, which shall become the property of Grantor. Grantee shall have the right to use of the data for Xxxxxxx’s own internal, non-commercial educational, training or research purposes. Upon review of the Closeout Report, Grantor shall determine whether or not Grantee shall be required to refund any portion of the Grant Funds. The refund decision will be within the sole discretion of Grantor, on behalf of the State of Ohio (the “State”). In no event shall Grantee be required to refund an amount in excess of the total Grant Funds awarded under this Agreement. Grantee shall be entitled to compensation for any un-reimbursed expenses reasonably and necessarily incurred in the satisfactory performance of this Agreement. Grantee shall incur no new obligations after the date of receipt of the Notice, and shall cancel as many outstanding obligations as possible. Notwithstanding any of the provisions of this Section 12, Grantee shall not be relieved of its responsibility for damages sustained by Grantor by virtue of any breach of contract by Xxxxxxx, and Grantor may withhold any reimbursement to Grantee for the purpose of set-off until such time as the exact amount of damages due Grantor from Grantee is agreed upon or otherwise determined.
Effect of Early Termination. Termination of this tenancy agreement under Clause 1 shall bring to an end the Tenancy Period but does not release the Tenant from any of the outstanding obligations and conditions under this tenancy agreement. In the event that the Tenant wishes to vacate the property prior to the end of the tenancy or if the Tenant has not yet occupied the property and no longer wishes to do so, the Tenant should notify the Landlord, in writing, confirming the date when the property will be vacant. In order to cover all loss incurred by the Landlord, the Tenant will be liable for the following:
(a) The cost of one weeks’ rent if they end their fixed term tenancy early or leave without giving notice on or before 24th April 2023 when the payment of the tenancy deposit is due;
(b) £400 if they end their fixed term tenancy early or leave without giving notice from the 24th April 2023 when the tenancy deposit is due. The Landlord will, upon receipt of the above notice seek to re-let the property at the same weekly rent for the remainder of the contract period. If a new Tenant is found, and a new (replacement) tenancy agreement signed, the Tenant contracted under this tenancy will remain liable for the rent up to the date of the commencement of the replacement tenancy together with the amounts shown in paragraphs (a) and (b) above. The Landlord may let the Accommodation to a replacement Tenant, but if the Landlord is not able to achieve as high a rent, or as long a tenancy, as the Tenant shown in the original Tenancy Agreement, the Tenant shall remain liable for the shortfall.
Effect of Early Termination. Upon early termination of this Agreement, the license granted to AMT hereunder shall immediately terminate, and AMT shall immediately cease all use of the AskBio Patent Rights.
Effect of Early Termination. (a) In the event Fujisawa terminates this Agreement pursuant to Section 11.4(a) or 11.4(b) and the Phase I Trial is not concluded as of the effective date of such termination, Fujisawa shall be obligated to reimburse DTI under Section 5.2 only for the costs of such Phase I Trial incurred up to the effective date of such termination; provided, however, that Fujisawa shall nonetheless reimburse DTI for all costs owed to a Third Party which could not be canceled by DTI and reasonably incurred by DTI through the completion of the Phase I Trial. DTI shall use reasonable commercial efforts to negotiate a cancellation of such costs.
(b) In the event that Fujisawa terminates this Agreement pursuant to Section 11.4(a), (b), (c), (d) or (e), or either Party terminates for material breach under Section 11.2, the following shall apply:
(i) all licenses to Fujisawa with respect to Licensed Products shall terminate (or, where partially terminated, the Licensed Product and/or indication at issue);
(ii) except in the event Fujisawa terminates for DTI's material breach under Section 11.2, Fujisawa hereby grants to DTI a royalty-free (Except for those royalties provided in Section 5.5), non-exclusive license under the Fujisawa Technology to make, have made, use, sell, have sold, export and import Licensed Products worldwide, in the Field (or, where partially terminated, the Licensed Product and/or indication at issue);
(iii) Fujisawa and DTI shall cooperate to ensure that the development and commercialization of Licensed Products in the Territory continues with a minimum of delay resulting from the transfer of rights back to DTI. Fujisawa shall promptly transfer to DTI at DTI's written request all Fujisawa Technology and assign all INDs, applications for Regulatory Approval and Regulatory Approvals, or their Canadian equivalents (as applicable) as it may hold with respect to such Licensed Product(s) in the Territory, and any information as Fujisawa may possess which is useful to gain Regulatory Approval for and to commercialize such Licensed Product(s) in such country. In the event such assignment is not permitted by law, Fujisawa will cooperate in the cancellation of such government approval, clearance, registration or permit standing in its name and the reissuance of such government approval, clearance, registration or permit to DTI or its designee. Such transfer shall be without cost to DTI, provided however that DTI shall pay any governmental filing or transfer fees tha...
Effect of Early Termination. Termination of this tenancy agreement under Clause 1 shall bring to an end the Tenancy Period but does not release the Tenant from any of the outstanding obligations and conditions under this tenancy agreement. In the event that the Tenant wishes to vacate the property prior to the end of the tenancy or if the Tenant has not yet occupied the property and no longer wishes to do so, the Tenant should notify the Landlord, in writing, confirming the date when the property will be vacant. In order to cover all loss incurred by the Landlord, the Tenant will be liable for the following:
(a) The cost of one weeks’ rent if they end their fixed term tenancy early or leave without giving notice on or before 24th April 2025 when the payment of the tenancy deposit is due;
(b) £400 if they end their fixed term tenancy early or leave without giving notice from the 24th April 2025 when the tenancy deposit is due.
Effect of Early Termination. Upon a Permittee's surrender of a BRCP Permit per Agreement Section 7.2, no further take by that Permittee or Certificate of Inclusion holder shall be authorized under the terms of the surrendered Permit. Notwithstanding early termination of the Permit, the Permittee surrendering the Permit shall implement each of the post-termination mitigation and minimization measures described in Agreement Section 7.1, and identified by the Wildlife Agencies in their written notice under Agreement Section 7.2, for any incidental take of a Covered Species resulting from Covered Activities carried out in accordance with the BRCP and the surrendered Permit prior to the date of termination. The Wildlife Agencies shall only cancel the surrendered Permit upon determination that all applicable post-termination mitigation and minimization measures have been implemented. If prior to termination of the surrendered Permit, the Wildlife Agencies have approved the transfer of a portion of the Permit in accordance with all applicable statutory and regulatory requirements, then the transferred portion of the Permit shall remain in effect notwithstanding termination of the remaining portion.