Effects of the Termination Sample Clauses

Effects of the Termination. In the event of termination of this Agreement for any reason whatsoever (except for the dissolution of the Issuer), the following will apply:
Sample 1Sample 2Sample 3See All (5)
AutoNDA by SimpleDocs
Effects of the Termination. 14.1 The Marketer shall retain any compensation already rightly paid out. In addition, the Marketer shall be entitled to any compensation pay- ments for which all conditions according to the Lyconet Compensation Plan have already been satisfied at the time of termination. The Marketer shall not be entitled to assert any further claims against Lyconet, subject to mandatory legal claims.
Sample 1
Effects of the Termination. 22.1 Upon resolution or termination of this Agreement for any cause:
Sample 1
Effects of the Termination. In the event of termination of the Merchant agreement for any reason, the Merchant shall immediately destroy any software received, including any copies, for use of the BankID Certificate. The Merchant must simultaneously stop all use of the trademark. The Merchant's BankID Merchant Certificate will also be revoked and made invalid for further use. TERMINATION FOR CAUSE‌ A Party has the right to terminate the Merchant agreement by written notice with immediate effect if:
Sample 1
Effects of the Termination. In the event of termination of the Merchant agreement for any reason, the Merchant shall immediately destroy any software received, including any copies, for use of the BankID Service. The Merchant must simultaneously stop all use of the trademark. The Merchant's BankID Service will be invalid for further use. TERMINATION FOR CAUSE‌ A Party has the right to terminate the Merchant agreement by written notice with immediate effect if: • A Party commits a substantial breach of the Merchant agreement with appendices. • The Merchant does not comply with the terms of the Agreement framework and does not rectify this within thirty (30) days from receiving a written notification. • The Merchant no longer has a customer relationship to a Norwegian bank that is authorized to issue BankID and thus no longer has a valid BankID. • The Merchant becomes petitioned for bankruptcy and such a bankruptcy petition is not averted within thirty (30) days. • The Merchant is declared bankrupt or discontinued or initiates debt negotiations, liquidation or related. Substantial breach is for example, but not limited to, breach of payment obligations towards the Reseller, the Merchant uses BankID Services or BankID Certificate in the course of infringement, illegal activities or in a manner that could impair the trust, the reputation or the goodwill of the BankID brand, the BankID Service, the Issuer, other issuers, the Reseller or the Company. FORCE MAJEURE None of the Parties are liable for breach if an extraordinary situation outside a Party's control dismisses the Party’s ability to fulfil the obligations of the Merchant agreement, and under Norwegian law is considered as Force Majeure. The lapse of duty to fulfil the Merchant agreement lasts for as long as the extraordinary situation persists. The Parties are obliged to mitigate the effects of the extraordinary situation to the extent possible. The Parties are obliged to notify each other without undue delay in the event of a Force Majeure situation. In the case of Force Majeure, each of the Parties may terminate the Merchant agreement if the situation lasts longer than thirty (30) days, calculated from the day the situation occurs. AMENDMENTS‌ Minor changes in the content, terms and conditions related to any service and supplement contained in the BankID Service as described in the product description on the Company's website and the Reseller portal may be changed unilaterally by the Company with two (2) weeks written notice pr...
Sample 1
Effects of the Termination 
Sample 1Sample 2Sample 3See All (4)

Related to Effects of the Termination

  • Effects of Termination Upon the termination of this Agreement for any reason:

  • Certain Effects of Termination In the event that this Agreement is terminated pursuant to Section 7.01:

  • Events of Termination Subject to Section 6.4 below, this Agreement will terminate as to a Fund:

  • Acceleration Termination of Facilities Terminate the Commitments and declare the principal of and interest on the Loans and the Reimbursement Obligations at the time outstanding, and all other amounts owed to the Lenders and to the Administrative Agent under this Agreement or any of the other Loan Documents (including, without limitation, all L/C Obligations, whether or not the beneficiaries of the then outstanding Letters of Credit shall have presented or shall be entitled to present the documents required thereunder) and all other Obligations, to be forthwith due and payable, whereupon the same shall immediately become due and payable without presentment, demand, protest or other notice of any kind, all of which are expressly waived by the Borrowers, anything in this Agreement or the other Loan Documents to the contrary notwithstanding, and terminate the Credit Facility and any right of the Borrowers to request borrowings or Letters of Credit thereunder; provided, that upon the occurrence of an Event of Default specified in Section 11.1(i) or (j), the Credit Facility shall be automatically terminated and all Obligations shall automatically become due and payable without presentment, demand, protest or other notice of any kind, all of which are expressly waived by Borrowers, anything in this Agreement or in any other Loan Document to the contrary notwithstanding.

  • Termination Effect of Termination (a) This Agreement may be terminated at any time prior to the Closing:

  • 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, the employment of the EMPLOYEE is terminated for any reason other than JUST CAUSE or is terminated by the EMPLOYEE as provided in Section 4(a)(ii) above, then the following shall occur:

  • Other Termination Events Subject to Section 6.4(b), this Agreement shall terminate with respect to all Parties upon the earliest to occur of (a) a written agreement among the Parties to terminate this Agreement, (b) the Closing and (c) the delivery of a written notice from the Majority Initial Consortium Members.

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