Grounds for cancellation Sample Clauses

Grounds for cancellation. The employer has the right to cancel an employment contract on the grounds referred to in Chapter 8, Section 1 of the Employment Contracts Act.
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Grounds for cancellation. 1. The Transaction Agreement shall automatically cease to be effective upon the occurrence of any of the following events:
Grounds for cancellation. The LESSOR may cancel or terminate this Lease Agreement, upon the happening of any of the following events:
Grounds for cancellation. The employer may cancel an employment contract on the grounds referred to in chapter 8, section 1 of the Employment Contracts Act. Grounds for deeming an employment contract to be cancelled The employer shall be entitled to consider an employment contract to be cancelled in accordance with chapter 8, section 3 of the Employment Contracts Act. Layoff for reasons arising from the senior salaried employee or related to the senior salaried employee’s person The employer may lay off a senior salaried employee for a fixed period without observing a layoff notice period when there are grounds for terminating or cancelling the employment contract.

Related to Grounds for cancellation

  • Voluntary cancellation The Borrower may, if it gives the Agent not less than 5 Business Days’ (or such shorter period as the Majority Lenders may agree) prior notice, cancel the whole or any part (being a minimum amount of $5,000,000) of the Available Facility. Any cancellation under this Clause 7.3 shall reduce the Commitments of the Lenders rateably. Any amounts cancelled under this Clause 7.3 may not be reinstated.

  • Automatic cancellation The Commitment of each Lender will be automatically cancelled at the close of business on the last day of the Availability Period.

  • Cancellation All Notes surrendered for payment, registration of transfer, exchange or redemption shall, if surrendered to any Person other than the Indenture Trustee, be delivered to the Indenture Trustee and shall be promptly cancelled by the Indenture Trustee. The Issuer may at any time deliver to the Indenture Trustee for cancellation any Notes previously authenticated and delivered hereunder which the Issuer may have acquired in any manner whatsoever, and all Notes so delivered shall be promptly cancelled by the Indenture Trustee. No Notes shall be authenticated in lieu of or in exchange for any Notes cancelled as provided in this Section, except as expressly permitted by this Indenture. All cancelled Notes may be held or disposed of by the Indenture Trustee in accordance with its standard retention or disposal policy as in effect at the time unless the Issuer shall direct by an Issuer Order that they be destroyed or returned to it; provided, that such Issuer Order is timely and the Notes have not been previously disposed of by the Indenture Trustee.

  • Prepayment and Cancellation 8.1 Mandatory prepayment - illegality

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