Effects of Contract Termination Sample Clauses

Effects of Contract Termination. In the event of resolution or termination of this AGREEMENT (including Purchase Orders): (i) immediately cease any rights granted by either party to the other; (Ii) INNOQUANT shall allow the CUSTOMER to access and export the CUSTOMER Data for a reasonable period of time, with INNOQUANT's pricing rates in effect at that time in respect of the applicable Services in question; (iii) after a reasonable period of time, INNOQUANT will delete the CUSTOMER Data by deleting all associated information from the active and replicated INNOQUANT storage servers and overwriting such information over time; and (iv) each party shall, at the request of the other, make reasonable efforts to immediately return or destroy any Confidential Information of the other party in its possession.
Sample 1
AutoNDA by SimpleDocs
Effects of Contract Termination. 9.4.1 In the case of termination of the Contract, payments by the Programme Operator shall be proportional to the progress made in carrying out the activity until the date on which the termination takes effect, as set out in paragraph 14.2. The Project Promoter shall have 10 working days from the effective date of termination, of which it will be notified by the Programme Operator, to submit a Final Report, as set out in paragraph 14.4. If the Final Report is not submitted within the aforementioned − shall request the reimbursement of the full amount of project grant (does not apply to a Project Promoter acting as a state budget unit); − will cancel the awarded project grant (applies to a Project Promoter acting as a state budget unit). 9.4.2 By way of derogation, at the end of the notice period referred to in paragraph 9.3 and if the Contract is terminated due to the failure to present the Final Report within the deadline specified in the Contract, and if the Project Promoter fails to fulfil this obligation within the deadline specified in a written reminder, the Programme Operator: − will not pay the remaining amount and shall request the reimbursement of the full amount of project grant (does not apply to a Project Promoter acting as a state budget unit); − will cancel the awarded project grant (applies to a Project Promoter acting as a state budget unit). 9.4.3 If the Contract is improperly terminated by the Project Promoter or if it is terminated by the Programme Operator for reasons set out in paragraph 9.2, section (a), (d), (e), (h), (i), (j) or (k), the Programme Operator may, in proportion to the scale of irregularities causing the termination, reduce the awarded project grant in part or in full or, if applicable, request partial or total reimbursement of amounts already paid under the Contract.
Sample 1
Effects of Contract Termination. When the Contract is terminated for any reason: (a) You must immediately pay all outstanding invoices and accrued interest. If we have provided services without invoicing, we will issue an invoice, which must be paid upon receipt. (b) Any rights, remedies, obligations, and liabilities that existed at the time of termination or expiry are not affected. This includes the right to seek damages for any breach that occurred before or on the date of termination or expiry. (c) Any clauses in the contract that are intended to remain in effect after termination will continue to be enforceable.
Sample 1

Related to Effects of Contract Termination

  • Effects of Termination In the event of any termination of this Agreement as provided in Section 5.1, this Agreement (other than Section 3.2(b), this Section 5.2 and ARTICLE VI (other than Sections 6.1 and 6.2) and all applicable defined terms, which shall remain in full force and effect) shall forthwith become wholly void and of no further force and effect; provided that nothing herein shall relieve any party from liability for willful breach of this Agreement.

  • Contract Termination debarment. A breach of the contract clauses in 29 CFR 5.5 may be grounds for termination of the contract, and for debarment as a contractor and a subcontractor as provided in 29 CFR 5.12.

  • Certain Effects of Termination If this Agreement is terminated as provided in Section 6.01, except as set forth in Section 7.03, this Agreement shall become null and void and have no further force or effect, but the parties shall not be released from any liability arising from or in connection with any breach hereof occurring prior to such termination.

  • Termination Effect of Termination 40 8.1 Termination.........................................................40 8.2

  • Early Contract Termination The State may terminate this contract in whole or in part by giving fifteen (15) days written notice to the Purchaser when it is in the best interests of the State. If this contract is so terminated, the State shall be liable only for the return of that portion of the initial deposit that is not required for payment, and the return of unapplied payments. The State shall not be liable for damages, whether direct or consequential.

  • Termination After Change of Control In the event that, before the expiration of the TERM and in connection with or within one year of a CHANGE OF CONTROL (as defined hereinafter) of either one of the EMPLOYERS, (A) the employment of the EMPLOYEE is terminated for any reason other than JUST CAUSE before the expiration of the TERM, (B) the present capacity or circumstances in which the EMPLOYEE is employed is changed before the expiration of the TERM, or (C) the EMPLOYEE's responsibilities, authority, compensation or other benefits provided under this AGREEMENT are materially reduced, then the following shall occur: (I) The EMPLOYERS shall promptly pay to the EMPLOYEE or to his beneficiaries, dependents or estate an amount equal to the sum of (1) the amount of compensation to which the EMPLOYEE would be entitled for the remainder of the TERM under this AGREEMENT, plus (2) the difference between (x) the product of three, multiplied by the total compensation paid to the EMPLOYEE for the immediately preceding calendar year as set forth on the Form W-2 of the EMPLOYEE, less (xx) the amount paid to the EMPLOYEE pursuant to clause (1) of this subparagraph (I); (II) The EMPLOYEE, his dependents, beneficiaries and estate shall continue to be covered under all BENEFIT PLANS of the EMPLOYERS at the EMPLOYERS' expense as if the EMPLOYEE were still employed under this AGREEMENT until the earliest of the expiration of the TERM or the date on which the EMPLOYEE is included in another employer's benefit plans as a full-time employee; and (III) The EMPLOYEE shall not be required to mitigate the amount of any payment provided for in this AGREEMENT by seeking other employment or otherwise, nor shall any amounts received from other employment or otherwise by the EMPLOYEE offset in any manner the obligations of the EMPLOYERS thereunder, except as specifically stated in subparagraph (II). In the event that payments pursuant to this subsection (ii) would result in the imposition of a penalty tax pursuant to Section 280G(b)(3) of the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder (hereinafter collectively referred to as "SECTION 280G"), such payments shall be reduced to the maximum amount which may be paid under SECTION 280G without exceeding such limits.

  • Termination of Contracts Neither the Company nor any of its Subsidiaries has sent or received any communication regarding termination of, or intent not to renew, any material contract or agreement referred to or described in the Registration Statement, the Pricing Disclosure Package and the Final Prospectus or filed as an exhibit to the Registration Statement, and no such termination or non-renewal has been threatened by the Company or any of its Subsidiaries or by any other party to any such contract or agreement.

  • Termination and Termination Benefits Notwithstanding the provisions of Section 3, the Executive's employment under this Agreement shall terminate under the following circumstances set forth in this Section 6.

  • Termination and Termination Pay Subject to Section 12 of this Agreement, Executive’s employment under this Agreement may be terminated in the following circumstances:

  • Contract Termination; Debarment A breach of the contract clauses in paragraph 1 through 10 of this section may be grounds for termination of the contract, and for debarment as a contractor and a subcontractor as provided in 29 CFR 5.12.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!