Effect of Termination by Mutual Agreement Sample Clauses

Effect of Termination by Mutual Agreement. If this Agreement is terminated pursuant to Section 5.01.A prior to the Closing on Phase I, the County shall, within fifteen (15) business days after the County’s receipt of a written statement from Developer setting forth the Development Approval Costs actually incurred by Developer through the date of such termination, reimburse Developer for such Development Approval Costs, and the parties hereto shall be relieved from any and all further obligations hereunder, except as otherwise expressly provided herein. Notwithstanding the foregoing, prior to the Closing on Phase I under this Agreement (and the instances set forth in Article VIII below), the County’s reimbursement obligations hereunder will be capped at Seven Hundred Thousand Dollars ($700,000.00) (the “Reimbursement Cap”) for reimbursement of any Development Approval Costs. The provisions of this Section 5.01.B shall survive termination of this Agreement.
Sample 1
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Related to Effect of Termination by Mutual Agreement

  • Termination by Mutual Agreement This Contract may be terminated by mutual written agreement of the Parties.

  • Effect of Termination of Agreement Upon the Termination Date or the Expiration Date, as applicable, any amounts then owing by a Party to the other Party shall become immediately due and payable and the then future obligations of Customer and Provider under this Agreement shall be terminated (other than the indemnity obligations set forth in Section 13). Such termination shall not relieve either Party from obligations accrued prior to the effective date of termination or expiration.

  • Effect of Termination Upon any expiration of the Term or termination of this Agreement, the obligations and rights of the parties hereto shall cease, provided that such expiration or termination of this Agreement shall not relieve the parties of any obligation or breach of this Agreement accruing prior to such expiration or termination, including, without limitation, all accrued payment obligations arising under Article 6. In addition, Article 5, Article 7, Section 2.12, Section 4.5, and this Section 4.6 shall survive the expiration or termination of this Agreement. For the avoidance of doubt, the rights of Registry Operator to operate the registry for the TLD shall immediately cease upon any expiration of the Term or termination of this Agreement.

  • Termination by Agreement both parties may agree to terminate this Agreement;

  • Effect of Termination Survival If the Service Agreement is terminated, the Provider shall destroy all of LEA’s Student Data pursuant to Article IV, section 6.

  • Termination by Mutual Consent This Agreement may be terminated at any time prior to the Closing Date by the mutual written consent of the Company and the Purchasers.

  • Effect of Termination Notice Where Network Rail or the Train Operator has served a Termination Notice on the other:

  • Survival of Termination The provisions of Sections 1.7, 1.8, 3.1, 3.2, 5.4, 5.5, 5.6, 5.7, 5.10 and 5.13 shall survive any termination of this Agreement.

  • TERMINATION BY MPS MPS further reserves the right to terminate this Contract at any time for any reason by giving Contractor written notice by Registered or Certified Mail of such termination. MPS will attempt to give Contractor 20 days’ notice, but reserves the right to give immediate notice. In the event of said termination, Contractor shall reduce its activities hereunder, as mutually agreed to, upon receipt of said notice. Upon said termination, Contractor shall be paid for all services rendered through the date of termination, including any retainage. This section also applies should the Milwaukee Board of School Directors fail to appropriate additional monies required for the completion of the Contract.

  • Termination by Us We may terminate this Contract with 30 days’ written notice as follows:

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