EXTENSION/TERMINATION. (a) Any Credit established hereunder may, if requested by a Company on the relevant Application Form and subject to CEP’s consent, bear a clause to the effect that it will automatically be extended for successive periods of one year (or such other period as may be stated in the relevant Application Form) UNLESS the Beneficiary has received from the bank or institution issuing the Credit (the “Issuing Bank”) by registered mail (or other appropriate receipted delivery) notification of intention not to renew such Credit at least 30 days (or such other period as may be stated in the relevant Application Form) prior to the end of the original term or, as the case may be, of a period of extension (the “Notice Period”).
(b) The Issuing Bank shall be under no obligation to such Company to send the Beneficiary such notification (and without such notification to the Beneficiary the Credit will be automatically extended as provided above) UNLESS such Company shall have sent notification to CEP by registered mail (or other means acceptable to CEP) of its election not to renew such Credit at least 30 days prior to the commencement of the Notice Period.
(c) CEP reserves the right, at its sole option and discretion, to give or procure the giving at any time to the Beneficiary of notification of intention not to renew any Credit. If CEP exercises such said right, it will give such Company notice in writing thereof as soon as is reasonably possible.
EXTENSION/TERMINATION. (a) Any Credit established hereunder may, if requested by the Company on the relevant Application Form and subject to CEP’s consent, bear a clause to the effect that it will automatically be extended for successive periods of one year (or such other period as may be stated in the relevant Application Form) UNLESS the Beneficiary has received from CEP or, where a Third Party Correspondent Bank is issuing the Credit, the Third Party Correspondent Bank (each an “Issuing Bank”) by registered mail (or other appropriate receipted delivery) notification of intention not to renew such Credit at least 30 days (or such other period as may be stated in the relevant Application Form) prior to the end of the original term or, as the case may be, of a period of extension (the “Notice Period”).
(b) The Issuing Bank shall be under no obligation to the Company to send the Beneficiary such notification (and without such notification to the Beneficiary the Credit will be automatically extended as provided above) UNLESS the Company shall have sent notification to CEP by registered mail (or other means acceptable to CEP) of its election not to renew such Credit at least 30 days prior to the commencement of the Notice Period.
(c) CEP will, as soon as is reasonably possible, give the Company advice of CEP’s receipt of any such notice from any other such parties. The Company understands that receipt by CEP of any such notice may result in the whole of such Credit being cancelled.
(d) CEP reserves the right, at its sole option and discretion, to give or procure the giving at any time to the Beneficiary of notification of intention not to renew any Credit. If CEP exercises such said right, it will give the Company notice in writing thereof as soon as is reasonably possible.
5.2 If, as provided for in Clause 5.1, the Issuing Bank has given notification not to renew such Credit, then CEP may (but shall not be obliged to) without further authority from the Company (or from any of the other persons as aforesaid) arrange for the Beneficiary to accept:-
(a) a substitute Credit (the “Substitute Credit”) from the issuing Bank on terms identical to such Credit except that (i) the amount of the Substitute Credit will be equal to the then undrawn face value of such Credit less the portion thereof (determined by CEP) to be attributable to the person(s) (the “Excluded Person(s)”) who gave a notice of non-renewal to CEP or, as the case may be, for whom CEP do not wish to arrange the issuance of ...
EXTENSION/TERMINATION. The Replidyne Specialist Promotion Period shall be subject to renewal or extension by the written agreement of the parties. Replidyne reserves the right to terminate its promotional efforts under Section 5.4 at any time during the Replidyne Specialist Promotion Period, effective upon twelve (12) months written notice to Forest. If Replidyne exercises the foregoing right, Replidyne shall provide such transition activities as and for such period as Forest may reasonably request, including, without limitation, arranging for meetings between members of the Replidyne Specialty Sales Force and sales representatives of Forest, to assure a smooth transition of marketing to Target Specialists, subject to Forest’s payment of Sales Force Expense and Marketing and Sample Expense incurred by Replidyne with respect to such transition activities during any such transition period.
EXTENSION/TERMINATION. If the Unrelated Shareholders do not provide the Company with the name of the Unrelated Nominee and the information regarding the Unrelated Nominee required for purposes of the Company Proxy Materials by August 8, 2003, then: (i) the Meeting will be postponed until September 22, 2003 or such earlier date that Greenlight and the Company shall agree upon; (ii) on or before August 22, 2003 Greenlight and the Company will select an independent unrelated nominee for Trustee that is mutually acceptable to the Company and Greenlight (the "Replacement Nominee"); and (iii) if the parties cannot agree upon the Replacement Nominee by August 22, 2003, either party can at its sole option terminate this Agreement upon written notice to the other.
EXTENSION/TERMINATION. 29 11.1 Extension to Satisfy Conditions..............................29 11.2 Failure to Satisfy Closing Conditions........................30 11.3
EXTENSION/TERMINATION. The following provisions shall govern the extension, termination or abandonment of this Agreement.
EXTENSION/TERMINATION. This Agreement may be extended by the Committee submitting a written request to the UCP Board. Revised dates will be attached as an amendment to this agreement. Either UCP or the Committee may terminate this Agreement prior to the proposed end date, on 30 days' written notice to the other party, so long as another nonprofit organization acceptable to both parties is found that is taxexempt under IRC Section 501(c)(3), and is willing and able to sponsor the Project. The balance of assets in Sponsor's restricted fund for the Project, together with any other tangible and intangible assets held by UCP in connection with the Project, shall be transferred to the Successor at the end of the notice period. If the Committee forms a new 501c3 organization, it shall be eligible to receive all such assets so long as it has received a determination letter from the Internal Revenue Service, indicating that such qualifications have been met. If no Successor acceptable to both parties is found within a reasonable time, UCP may dispose of the Project assets and liabilities in
EXTENSION/TERMINATION. 3 (a) Extension of Term..............................................................................3 (b) Termination....................................................................................3
EXTENSION/TERMINATION. Pursuant to paragraph 15 of the Custody Agreement, the Custody Agreement shall be extended for two (2) additional one-year periods. Notwithstanding the foregoing and paragraphs 13 and 15 of the Custody Agreement, Custodian acknowledges and agrees that FCERA may terminate the Custody Agreement and this Letter Agreement at any time, with or without cause, within its sole discretion. Custodian acknowledges that its failure to perform in accordance with the service standards set forth in Exhibits A and B hereto is likely to cause FCERA to terminate the Custody Agreement and this Letter Agreement. In the event, however, that FCERA terminates the Custody Agreement before the expiration of the two-year extension period, for reasons other than a failure by Custodian to perform in accordance with any service standards, including but not limited to those set forth in Exhibits A and B hereto, as documented in written notice to Custodian, FCERA agrees to refund a pro rated portion of the Rebate to Custodian. The amount of the Rebate to be refunded to Custodian shall be equivalent to that percentage the number of days short of the two-year extension period for which Custodian is engaged has to the full two year extension period.
EXTENSION/TERMINATION. This Agreement may be extended or terminated upon proper Notice (see Clause 1) to the other party by the party wishing to extend or terminate the Agreement. Notice must be received at least 14 calendar days prior to the effective date of the extension or termination. In the event of termination prior to the completion of Services enumerated in Clause 2, Client shall be liable to Company for the amount due on any portion of Services that have been completed. This Agreement may be terminated for cause upon substantial breach of its provisions by either party. Such breach may include failure to deliver Services as enumerated in Clause 2, failure to make payments as enumerated in Clause 3, or any other action or inaction that a court of competent jurisdiction may hold to be sufficient cause for termination of contract. Either party may waive, in writing (see Clause 1), its right to terminate the Agreement in the event of any particular breach. Waiver of either party's right to terminate Agreement for cause in any specific instance shall not constitute or require waiver of said rights in any subsequent breach.
