Grant of Power of Termination Sample Clauses

Grant of Power of Termination. In the event that after the close of escrow pursuant to the Purchase and Sale Agreement, Medical Center, or its tenants, licensees or invites uses the Property to compete with the District’s provision of medical services of any kind within the County of Calaveras, District shall have the right, at its sole option and discretion, to exercise its power of termination and all rights under, and in accordance with, California Civil Code Section 885.010, et seq. Upon exercising its power of termination, District shall have the right to reenter and retake possession of the Property and all of the improvements thereon, and to terminate the estates theretofore conveyed to Medical Center and to revest in District the estates theretofore conveyed to Medical Center. District’s power of termination shall be exercised by notice or by civil action and the exercise shall be of record. The notice shall be given, and any civil action shall be commenced, within one (1) years after the breach of the restrictions to which the estate to be conveyed to Developer is subject, or such longer period as may be agreed to by the Parties by a waiver or extension recorded before expiration of that period. Upon revesting in the District of title to the Property and improvements, the District shall promptly use its best efforts to resell the Properties and improvements consistent with its obligations under state law. Upon sale the proceeds shall be applied as follows:
Sample 1
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Related to Grant of Power of Termination

  • In the Event of Termination After receipt of a notice of termination, except as otherwise directed, the AGENCY shall:

  • Right of Termination and Re-Entry In the event of any breach of the payment of rent or any other allowed charge, or other breach of this Lease, Landlord shall have full rights to terminate this Lease in accordance with state law and re-enter and re-claim possession of the leased premises, in addition to such other remedies available to Landlord arising from said breach.

  • Right of Termination This Agreement may be terminated at any time at or prior to the Closing:

  • CFR PART 200 Termination Termination for cause and for convenience by the grantee or subgrantee including the manner by which it will be eff ected and the basis for settlement. (All contracts in excess of $10,000) Pursuant to the above, when federal funds are expended by ESC Region 8 and TIPS Members, ESC Region 8 and TIPS Members reserves the right to terminate any agreement in excess of $10,000 resulting from this procurement process for cause after giving the vendor an appropriate opportunity an d up to 30 days, to cure the causal breach of terms and conditions. ESC Region 8 and TIPS Members reserves the right to terminate any agreement in excess of $10,000 resulting from this procurement process for convenience with 30 days notice in writing to the awarded vendor. The vendor would be compensated for work performed and goods procured as of the termination date if for convenience of the ESC Region 8 and TIPS Members. Any award under this procurement process is not exclusive and the ESC Region 8 and TIPS reserves the right to purchase goods and services from other vendors when it is in the best interest of t he ESC Region 8 and TIPS. Does vendor agree? Yes

  • Rights of Termination 10.1 The Company may in its sole discretion terminate this agreement by written notice to the Customer if:

  • Certificate of Termination On completion of the distribution of Company assets as provided herein, the Company is terminated, and the Sole Member (or such other person as the law may require or permit) shall execute, acknowledge, and cause to be filed a Certificate of Termination, at which time the Company shall cease to exist as a limited liability company.

  • Effective Term and Termination Rights This Agreement becomes effective when executed by both parties and shall continue in effect until terminated. The Agreement may be terminated in accordance with the following:

  • NOTICE OF TERMINATION OF EMPLOYMENT 2601 Employment may be terminated voluntarily by a nurse or for just cause by the Employer subject to the following periods of written notice, exclusive of any vacation due:

  • Compensation Upon Termination Upon termination of Executive’s employment during the Employment Term, Executive shall be entitled to the following benefits:

  • Notification of Termination 22.3.2.1 Upon the occurrence at District's sole determination of any of the above conditions, or upon Developer’s failure to perform any material covenant, condition or agreement in this Facilities Lease, District may, without prejudice to any other right or remedy, serve written notice upon Developer and its Surety of District's termination of this Facilities Lease and/or Developer’s right to perform the Work of this Facilities Lease. This notice will contain the reasons for termination.

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