Effect of Suspension, Expiration or Termination Sample Clauses

Effect of Suspension, Expiration or Termination. (a) Effect on Hosting License and Fees upon Suspension or Expiration. Upon -------------------------------------------------------------------- suspension or expiration or termination of this Agreement for any reason: (1 the hosting license granted to SiVault and Viaquo's obligations under this Agreement shall terminate with respect to SiVault's ability to sell the SiVault service to new End User organizaons; (ii) providing SiVault is making the appropriate royalty payments to Viaquo, SiVault may continue hosting of Software Products to existing End User organizations including adding or removing End Users to the system in response to existing End User organizations' requirements, however SiVault shall not be permitted to sell its ASP services to new End User organizations until, if suspended, the reason for the suspension is cured, or if expired, a new agreement is signed. SiVault shall implement its continued royally payment obligations by depositing all payments received from SiVau]t End Users for services into a third party trustee account over which Viaquo shall have control, and from which Viaquo shall direct payments to Si Vault of any funds remaining after first collecting from the trustee account any royalty fees owing to Viaquo from SiVault under this Agreement. When SiVault has substantially cured the default that caused the suspension (if any) to Viaquo's satisfaction, or signed a new or extension agreement with Viaquo (if expired), SiVault may thereafter close the trustee account and deal with End User payments in the normal course of its business and as contemplated by this Agreement.
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Related to Effect of Suspension, Expiration or Termination

  • Effect of Expiration or Termination Upon the expiration or termination of this Agreement for any reason:

  • Effects of Expiration or Termination Upon expiration or termination of this Agreement for any reason:

  • Consequences of Expiration or Termination All of the following effects of expiration or termination, as applicable, are in addition to the other rights and remedies that may be available to the Parties at law or in equity.

  • Effect of Expiration or Termination; Survival Expiration or termination of this Agreement shall not relieve the Parties of any obligation accruing prior to such expiration or termination. Any expiration or termination of this Agreement shall be without prejudice to the rights of either Party against the other accrued or accruing under this Agreement prior to expiration or termination. The provisions of Article 4 shall survive the expiration or termination of this Agreement and shall continue in effect for ten (10) years after the date of a particular disclosure of Information. In addition, the provisions of Section 5.4 and Articles 1, 4, 6, 7, 8, and 9 (except for Section 9.2) shall survive any expiration or termination of this Agreement.

  • Effect of Termination or Expiration The termination or expiration of this Agreement shall not:

  • Suspension or Termination of Sales Consistent with standard market settlement practices, the Company or the Agent may, upon notice to the other party hereto in writing or by telephone (confirmed immediately by verifiable email), suspend any sale of Shares, and the period set forth in an Issuance Notice shall immediately terminate; provided, however, that (A) such suspension and termination shall not affect or impair either party’s obligations with respect to any Shares placed or sold hereunder prior to the receipt of such notice; (B) if the Company suspends or terminates any sale of Shares after the Agent confirms such sale to the Company, the Company shall still be obligated to comply with Section 3(b)(v) with respect to such Shares; and (C) if the Company defaults in its obligation to deliver Shares on a Settlement Date, the Company agrees that it will hold the Agent harmless against any loss, claim, damage or expense (including, without limitation, penalties, interest and reasonable legal fees and expenses), as incurred, arising out of or in connection with such default by the Company. The parties hereto acknowledge and agree that, in performing its obligations under this Agreement, the Agent may borrow Common Shares from stock lenders in the event that the Company has not delivered Shares to settle sales as required by subsection (v) above, and may use the Shares to settle or close out such borrowings. The Company agrees that no such notice shall be effective against the Agent unless it is made to the persons identified in writing by the Agent pursuant to Section 3(b)(i).

  • Amendment, Suspension and Termination To the extent permitted by the Plan, this Agreement may be wholly or partially amended or otherwise modified, suspended or terminated at any time or from time to time by the Committee or the Board, provided, that, except as may otherwise be provided by the Plan, no amendment, modification, suspension or termination of this Agreement shall adversely effect the Award in any material way without the prior written consent of the Participant.

  • Amendments, Suspension and Termination To the extent permitted by the Plan, this Agreement may be wholly or partially amended or otherwise modified, suspended or terminated at any time or from time to time by the Board or the Committee. Except as provided in the preceding sentence, this Agreement cannot be modified, altered or amended, except by an agreement, in writing, signed by both the Partnership and the Participant.

  • Effect of Termination or Resignation Any termination or resignation of the Servicer under this Agreement shall not affect any claims that the Issuer may have against the Servicer for events or actions taken or not taken by the Servicer arising prior to any such termination or resignation.

  • Amendment, Suspension or Termination of the Plan By accepting this Award, Participant expressly warrants that he or she has received an Award of Restricted Stock Units under the Plan, and has received, read and understood a description of the Plan. Participant understands that the Plan is discretionary in nature and may be amended, suspended or terminated by the Company at any time.

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