Emergent Termination Sample Clauses

Emergent Termination. This Agreement shall automatically terminate with respect to all Parties one (1) Business Day following the delivery of written notice from Emergent to each of the Supporting Noteholders in accordance with Section 27, at any time after any of the following: (i) a material breach by any of the Supporting Noteholders of their obligations under this Agreement, and any such breach by the Supporting Noteholders is not cured within five (5) Business Days after receipt of written notice by the Supporting Noteholders and opportunity to cure, if such breach is curable, from Emergent, but only if the non-breaching Supporting Noteholders own less than the majority of the outstanding principal amount of the Senior Notes; (ii) any court of competent jurisdiction or other competent governmental or regulatory authority shall have issued an order making illegal or otherwise restricting, preventing, or prohibiting the Restructuring in a manner that cannot be reasonably remedied by Emergent or the Supporting Noteholders, unless such order is stayed, reversed or vacated within five (5) Business Days after issuance; - 12 -
Sample 1
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Related to Emergent Termination

  • Agreement Termination This Agreement will be in effect for an indefinite period and may be terminated as to new reinsurance at any time by either party giving ninety (90) days written notice of termination. The day the notice is mailed to the other party's home office, or, if the mail is not used, the day it is delivered to the other party's home office or to an officer of the other party will be the first day of the ninety (90) day period. During the ninety (90) day period, this Agreement will continue to operate in accordance with its terms.

  • Employment Termination This Agreement and the employment of the Executive shall terminate upon the occurrence of any of the following:

  • Term of Employment; Termination (a) The “

  • CONTRACT TERMINATION This Contract will terminate:

  • Employment Termination Date The Employment Termination Date shall be as follows: (i) if the Executive’s employment is terminated by Executive’s death, the date of Executive’s death; (ii) if the Executive’s employment is terminated pursuant to any other provision of this Agreement, the date specified in the Notice of Termination (the “Employment Termination Date”).

  • License Termination The licenses granted by Xencor to MorphoSys under Article 4 shall terminate.

  • Term Termination 8.1 This Agreement shall be effective as of the date hereof and shall continue in force until terminated in accordance with the provisions herein.

  • Amendment; Termination (a) This Addendum (including the Schedules hereto) may not be amended without the prior written consent of the Majority Japan Local Currency Banks hereunder and subject to the provisions of Section 8.01 of the Credit Agreement.

  • Company Termination The Company may at any time in its sole discretion terminate (a “Company Termination”) this Agreement and its right to initiate future Tranches by providing 30 days advanced written notice (“Termination Notice”) to Investor.

  • Post Termination For a period ending on the second anniversary of the Termination Date, Lessee shall effect and maintain for the benefit of the Indemnitees ongoing third party legal liability insurance in respect of the risks and liabilities covered by the insurance required by Clause 14.4.

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