Grounds for Termination by Seller Sample Clauses

Grounds for Termination by Seller. Seller shall have the right to terminate this Contract for cause upon the occurrence of a Purchaser Event of Default; provided, however, that (a) Seller shall first have provided Purchaser with written notice of the nature of such breach in reasonable detail and of Seller’s intention to terminate this Contract as a result of such breach, and (b) Purchaser shall have failed within thirty (30) days after receipt of such notice (ten (10) days for breach of a payment obligation) to commence and diligently pursue the correction of such breach (and not have cured such breach within sixty (60) days after receipt of such notice). Notwithstanding any cure period, Seller shall be entitled to the Late Payment Rate for amounts not paid when due. If Seller terminates this Contract pursuant to this Article 24, then Seller shall also be entitled to terminate all other Multi-Hearth Furnace Contracts pursuant to Article 24 thereunder. If Seller terminates any of the Multi-Hearth Furnace Contracts pursuant to Article 24 thereunder, Seller shall also be entitled to terminate this Contract pursuant to this Article. 24.
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Grounds for Termination by Seller. The Seller shall have the right to terminate this Contract for cause in the event that the Purchaser:
Sample 1
Grounds for Termination by Seller. Seller shall have the right to terminate this Contract for cause upon the occurrence of a Purchaser Event of Default; provided, however, that (a) Seller shall first have provided Purchaser with written notice of the nature of such breach in reasonable detail and of Seller’s intention to terminate this Contract as a result of such breach, and (b) Purchaser shall have failed within thirty (30) days after receipt of such notice (ten (10) days for breach of a payment obligation) to commence and diligently pursue the correction of such breach (and not have cured such breach within sixty (60) days after receipt of such notice).
Sample 1

Related to Grounds for Termination by Seller

  • Grounds for Termination This Agreement may be terminated at any time prior to the Closing:

  • Basis for Termination This Agreement may be terminated and the transactions contemplated hereby abandoned at any time prior to the Closing Date:

  • Termination by Seller This Agreement may be terminated by Seller and the purchase and sale of the Station abandoned, if Seller is not then in material default, upon written notice to Buyer, upon the occurrence of any of the following:

  • Termination by Sellers This Agreement may be terminated at any time prior to the Closing Date by Sellers as follows:

  • Bases for Termination (a) Executive's employment hereunder may be terminated at any time by mutual agreement of the parties.

  • Reasons for Termination Executive’s employment hereunder may or will be terminated during the Employment Period under the following circumstances:

  • Termination by Buyer This Agreement and the transaction contemplated herein may be terminated and abandoned at any time on or prior to the Closing Date by Buyer, if:

  • Waiver of Past Servicer Termination Events and Operating Advisor Termination Events; Termination The Holders of Certificates evidencing not less than 66-2/3% of the aggregate Voting Rights of the Certificates (and, if such Servicer Termination Event is on the part of a Special Servicer, with respect to the related Serviced Loan Combination only, by each affected Serviced Companion Loan Holder) may, on behalf of all Holders of Certificates, waive any Servicer Termination Event on the part of the Master Servicer, Special Servicer or any Operating Advisor Termination Event on the part of the Operating Advisor in the performance of its obligations hereunder and its consequences, except a Servicer Termination Event in connection with making any required deposits (including, with respect to the Master Servicer, P&I Advances) to or payments from the Collection Account, a Loan Combination Custodial Account or the Lower-Tier REMIC Distribution Account or in remitting payments as received, in each case in accordance with this Agreement. Upon any such waiver of a past default, such default shall cease to exist, and any Servicer Termination Event or Operating Advisor Termination Event arising therefrom shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other default or impair any right consequent thereon. Any costs and expenses incurred by the Certificate Administrator in connection with such default and prior to such waiver shall be reimbursed by the Master Servicer, the Special Servicer or the Operating Advisor, as applicable, promptly upon demand therefor and if not reimbursed to the Certificate Administrator within 90 days of such demand, from the Trust Fund; provided that the Trust Fund shall be reimbursed by the Master Servicer, the Special Servicer or the Operating Advisor, as applicable, to the extent such amounts are reimbursed to the Certificate Administrator from the Trust Fund. Notwithstanding the foregoing, (a) a Servicer Termination Event under any of Section 7.01(a)(i) and Section 7.01(a)(ii) of this Agreement may be waived only by all of the Certificateholders of the affected Classes (considering each Class of the Class A-S, Class B and Class C Certificates together with the Class EC Component of the same alphabetical designation as a single “Class” for such purpose), and (b) a Servicer Termination Event under Section 7.01(a)(x) of this Agreement may be waived only with the consent of the Depositor, together with (in the case of each of clauses (a) and (b)) the consent of each Serviced Companion Loan Holder, if any, that is affected by such Servicer Termination Event.

  • Termination by Purchaser This Agreement may be terminated by Purchaser at any time prior to the Effective Time:

  • Cause for Termination This Agreement may be terminated at any time during the term of this Agreement:

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