EFFECT OF ENDING THIS AGREEMENT Sample Clauses

EFFECT OF ENDING THIS AGREEMENT. 18.1 Any termination of this Agreement does not affect any accrued right of either Party. 18.2 Despite termination or expiry of this Agreement, this clause 18 and clauses 6, 7, 8, 9, 10, 11, 12, 15 and those Special Conditions that by their nature remain in force, will survive.
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EFFECT OF ENDING THIS AGREEMENT. 10.4.1 Where a Party exercises the Right to End, Xxxx shall, acting reasonably determine whether the Programme Investment Fund Liabilities exceed the sum remaining in the Programme Investment Fund (a Negative Balance) or the Programme Investment Fund Liabilities are less than the sum remaining in the Programme Investment Fund (a Positive Balance) and shall inform the Borough Councils of the existence of such Negative or Positive Balance 30 Business Days prior to the termination of the Agreement pursuant to the Right to End.
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EFFECT OF ENDING THIS AGREEMENT. 11.4.1 Where a Party exercises the Right to End and Kent shall, acting reasonably determine whether the Programme Investment Fund Liabilities exceed the sum remaining in the Programme Investment Fund (a Negative Balance) or Programme Investment Fund Liabilities are less than the sum remaining in the Programme Investment Fund (a Positive Balance) and shall inform the Borough Councils of the existence of such Negative Balance or Positive Balance [[28] Business Days] prior to the termination of the agreement pursuant to the Right to End. 11.4.2 Where a Party exercises the Right to End, the Agreement will not terminate on the date specified in the written notice where there is a Positive Balance which is greater than [£50,0008(RPI indexed)]. The Agreement shall continue in effect, save that no payments from the Borough Councils pursuant to clause 6.1 shall be payable, until the Positive Balance is less than [£50,000 (RPI indexed)] where upon the Agreement shall terminate. Any residual sum, being less than [£50,000 (RPI indexed)] shall be divided [equally] divided between the Borough Councils and paid to them by Kent. 11.4.3 Subject to 11.4.5, where a Party exercises the Right to End, the Agreement will not terminate on the date specified in the written notice where there is a Negative Balance. The Agreement shall continue in effect until the Negative Balance is reduced to £0 by way of payments made by the Borough Council's pursuant to their obligations set out in clauses 6.1.1 and 6.
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EFFECT OF ENDING THIS AGREEMENT. 21.4.1 Where a Borough Council exercises the Right to End, Kent shall, acting reasonably, determine whether the Programme Investment Fund Liabilities exceed the sum remaining in the Programme Investment Fund (a Negative Balance) or the Programme Investment Fund Liabilities are less than the sum remaining in the Programme Investment Fund (a Positive Balance) and shall inform the relevant Borough Council of the existence of such Negative or Positive Balance 30 Business Days prior to the termination of the Agreement, pursuant to the Right to End. 21.4.2 Where a Borough Council exercises the Right to End and there is a Positive Balance as determined under clause 21.4.1 of this Agreement, the Agreement shall terminate on the date specified in the Right to End Notice and subject to the completion of any financial and/or contractual commitments and the deduction of any Programme Investment Liabilities, Kent shall pay to the Borough Council the Positive Balance less deductions within 30 [thirty] Business Days of date of the Right to End Notice. 21.4.3 Subject to clause 21.4.4, where a Borough Council exercises the Right to End and there is a Negative Balance as determined under clause 21.4.1 of this Agreement, the Agreement shall terminate on the date specified in the Right to End Notice. Kent shall issue an invoice to the Borough Council in respect of the Negative Balance. The Borough Council shall pay the Negative Balance within 90 [ninety] days of the date of the issue of the invoice.
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Related to EFFECT OF ENDING THIS AGREEMENT

  • Effect of this Agreement Subject to the Corporation’s right to terminate the Option pursuant to Section 7.4 of the Plan, this Option Agreement shall be assumed by, be binding upon and inure to the benefit of any successor or successors to the Corporation.

  • ENDING THIS AGREEMENT We may end this Agreement, close the Account or limit your right to access the Account at any time without telling you in advance. The Primary Cardholder may also end this Agreement by telling us. Even if this Agreement is cancelled, the Primary Cardholder is still responsible to pay all amounts owing on the Account. When the Agreement ends, benefits, services and coverages will automatically end, or we can cancel or change them at our discretion.

  • Binding Effect of this Agreement By receiving and accepting a Note, each Holder, Financial Intermediary and Beneficial Owner of such Note unconditionally agrees, without any signature or further manifestation of assent, to be bound by the terms and conditions of this Agreement, as supplemented, modified or amended pursuant to its terms. This Agreement shall be binding upon and inure to the benefit of any successor to Xxxxxxx Mac.

  • Severability of this Agreement If any provision of this Agreement shall be judicially determined to be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.

  • Effect of Agreement Nothing herein contained shall be deemed to require to the Trust to take any action contrary to its Declaration of Trust or its By-Laws or any applicable law, regulation or order to which it is subject or by which it is bound, or to relieve or deprive the Trustees of the Trust of their responsibility for and control of the conduct of the business and affairs of the Trust.

  • Authorization and Validity of this Agreement This Agreement and each of the Transactional Agreements constitute the legal, valid and binding obligation of each person or entity who is a party thereto (other than SKYC), enforceable against each such person or entity in accordance with its terms, except as such enforcement is limited by general equitable principles, or by bankruptcy, insolvency and other similar laws affecting the enforcement of creditors rights generally. Each of the Shareholders and FDH has all requisite legal capacity to execute and deliver this Agreement and the Transactional Agreements to which he or she is a party, and to perform its, his or her obligations hereunder and thereunder. The execution and delivery by FDH and each Shareholder of this Agreement and the Transaction Agreements (to the extent either is a party thereto), and the consummation of the transactions contemplated herein and therein (the “Transactions”) have been authorized by all necessary corporate or other action on the part of FDH and each of the Shareholders. This Agreement and the Transaction Agreements have been duly executed and delivered by the parties thereto (other than SKYC).

  • TERMINATING THIS AGREEMENT You can terminate this Agreement at any time by notifying us in writing and by discontinuing the use of your Logon ID. We can also terminate this Agreement and revoke access to Online Banking at any time. Whether you terminate the Agreement or we terminate the Agreement, the termination will not affect your obligations under this Agreement, even if we allow any transaction to be completed with your Logon ID after this Agreement has been terminated.

  • NOW THIS AGREEMENT WITNESSES —

  • Execution and Effect of Agreement Buyer has the requisite corporate power and authority to enter into this Agreement and to perform its obligations hereunder, and the execution and delivery of this Agreement and the consummation of the transactions contemplated hereby and the performance of Buyer’s obligations hereunder have been duly authorized by all necessary corporate action on the part of Buyer. This Agreement has been duly executed and delivered by Buyer and constitutes the legal, valid and binding obligation of Buyer, enforceable against it in accordance with its terms, subject to the Enforceability Exceptions.

  • Duration and Termination of this Agreement This Agreement shall remain in force until March 1, 1998, and continue in force from year to year thereafter, but only so long as such continuance is specifically approved at least annually (a) by the vote of a majority of the Trustees who are not parties to this Agreement or interested persons of any party to this Agreement, cast in person at a meeting called for the purpose of voting on such approval, and (b) by the Trustees of the Trust, or by the vote of a majority of the outstanding voting securities of the Fund. The aforesaid requirement that continuance of this Agreement be "specifically approved at least annually" shall be construed in a manner consistent with the 1940 Act and the rules and regulations thereunder and any applicable SEC exemptive order therefrom. This Agreement may be terminated with respect to the Fund at any time, without the payment of any penalty, by the vote of a majority of the outstanding voting securities of the Fund or by the Trust's Board of Trustees on 60 days' written notice to you, or by you on 60 days' written notice to the Trust. This Agreement shall terminate automatically in the event of its assignment. This Agreement may be terminated with respect to the Fund at any time without the payment of any penalty by the Board of Trustees or by vote of a majority of the outstanding voting securities of the Fund in the event that it shall have been established by a court of competent jurisdiction that you or any of your officers or directors has taken any action which results in a breach of your covenants set forth herein.

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