Extraordinary Termination. This Agreement shall be deemed to be terminated in the case of the sale of the Vessel or if the Vessel becomes a total loss or is declared as a constructive or compromised or arranged total loss or is requisitioned.
Extraordinary Termination. The Network User Member or the RBP Operator may terminate the Agreement by giving a written notice of termination upon the occurrence of any of the following events, unless such event results from an event of Force Majeure:
a. Repeated or major breach or non-performance of the obligations of this Agreement, or the Operational Rules,
b. The dissolution of Network User Member,
c. If the Network User Member disagrees with the amendment of the RBP Operational Rules. In this case the Network User Member shall have the right to terminate the present Agreement by giving a written notice within 15 days from publishing the modification of the Operational Rules on the RBP Portal. The effective date of termination in this case shall be on the day when the modification of the Operational Rules enters into force.
Extraordinary Termination. (a) Upon the re-delivery of a Vessel or if a Vessel becomes a total loss or is declared as a constructive or compromised or arranged total loss or is requisitioned, this Agreement shall continue in full force and effect in relation to the other Vessel(s) only If, for the reasons contemplated in this clause 9.4, only one Vessel remains, then, upon the sale or re-delivery of such Vessel or if such Vessel becomes a total loss or is declared as a constructive or compromised or arranged total loss or is requisitioned, this Agreement shall terminate.
(b) For the purposes of this Clause 9.4:
(i) the date upon which a Vessel is to be treated as having been sold or otherwise disposed of shall be the date on which the Company ceases to be charterer of that Vessel;
(ii) a Vessel shall not be deemed to be lost unless either she has become an actual total loss or agreement has been reached with her underwriters in respect of her constructive, compromised or arranged total loss or if such agreement with her underwriters is not reached it is adjudged by a competent tribunal that a constructive loss of that Vessel has occurred.
Extraordinary Termination. Both Parties shall have the right to terminate this Agreement with immediate effect by giving written notice to the other Party, if - the other Party becomes insolvent; - the other Party enters into a composition agreement or similar proceedings under bankruptcy laws; - the other Party ceases to carry out its business operations; or - in the event of a material breach of any obligations under this Agreement by the other Party and if such breach has not been remedied within a time period of thirty (30) calendar days. Other terms concerning the breach of contract shall take precedence over this provision.
Extraordinary Termination. If the customer acts unlawfully or in breach of the contract, Flughafen Zürich AG is entitled to terminate all contracts with the customer without notice and to withdraw the service. Flughafen Zürich AG reserves the right to claim compensation.
Extraordinary Termination. In the event of an Extraordinary Termination during the Agreement Term, as defined in Section 9.1(b), the following provisions shall apply.
Extraordinary Termination. 13.1 The Principal and Contractor are entitled to terminate the Employee Leasing Agreement for good cause with adhering to a termination notice period in accordance with § 314 of the German Civil Code (BGB). Any termination must be in written form.
13.2 Further rights legally provided to the Principal regarding ter- mination, termination for good cause and rescission from the contract shall remain unaffected by this provision.
Extraordinary Termination. Axius SA is entitled to terminate the contract immediately if the tenant fails to meet its payment obligations despite a warning and / or property rights of Axius SA are compromised or threatened in any way whatsoever. In case of early termination of the contract for the reasons described in the preceding paragraph, Axius SA is entitled to remove immediately the subject of the lease, claiming the fees due, plus any arrears interests, and claim damages interests. In this case an amount equal to the remaining months of rental and contractual penalty as defined in section 160 of the CO without prejudice to the right to claim additional damages interests. The tenant is entitled to terminate the lease at the end of an accounting period, in writing and in accordance with a notice period of ninety days, if Axius SA fails to meet its contractual obligations.
Extraordinary Termination. This Agreement shall be deemed to be terminated in the case of the sale of the Vessel (directly or via a sale of a Controlling interest in the Owners) or, if the Vessel becomes a total loss or is declared as a constructive or compromised or arranged total loss or is requisitioned or has been declared missing, or if bareboat chartered, unless otherwise agreed, when the bareboat charter comes to an end; provided, however, that the foregoing shall not apply to (A) the sale of any Vessel pursuant to a sale/leaseback transaction or (B) any termination or expiration of a bareboat charter of such Vessel by the Owners if such Vessel is purchased (or re-purchased) by the Owners.
Extraordinary Termination. This Agreement shall be deemed to be terminated in the case of the sale of the Vessel or if the Vessel becomes a total loss or is declared as a constructive or compromised or arranged total loss or is requisitioned. This document is a computer generated XXXXXXX 98 form printed by authority of BIMCO. Any insertion or deletion to the form must be clearly visible. In the event of any modification made to the pre-printed text of this document which is not clearly visible, the text of the original BIMCO approved document shall apply. BIMCO assumes no responsibility for any loss, damage or expense as a result of discrepancies between the original BIMCO approved document and this computer generated document.
