Legal consequences of termination. (1) In the event of termination of this Agreement, the Articles of Association and other Transaction Documents executed pursuant to this Agreement shall be terminated concurrently.
Legal consequences of termination. Upon the termination of the business relationship as a whole or any individual, respect the amounts owing on the relevant accounts become immediately due. The customer is in addition obliged to release the Bank pro tanto from all liabilities assumed for or on behalf of the customer. The Bank is entitled to give notice of termination of liabilities assumed for or on behalf of the customer and, effective as against the customer, to liquidate other liabilities, in particular those in foreign currency and it may immediately re-debit the customer's account for any bills and checks purchased; claims arising under the laws relating to bills of exchange and checks against the customer and any other person liable under the respective instrument for payment of the full amount of the xxxx and check together with associated claims shall, however, remain with the Bank until full settlement of any debit balance.
Legal consequences of termination. In the event of a termination of this Agreement under clause 5.1, no Party shall have any liability or responsibility to the others except that:
Legal consequences of termination. 6.4.1. The legal consequences of termination with immediate effect shall apply as from the date of delivering the notice of termination. If a banking service is used by more Customers (joint obligors), the termination shall be effective towards each Customer on the date of delivery to any of the Customers. Any statements and other declarations relating to the Customer's overdue debts, sent by the Bank after the termination shall not affect the validity of the termination.
Legal consequences of termination cancellation of the Framework Agreement Termination of the Framework Agreement, whether this is ordinary or extraordinary, shall result in cancellation of the Framework Agreement to the end of the corresponding period. In the event of the cancellation of the Framework Agreement, the Framework Agreement shall be extended by the period during which tenders and supply obligations still exist on the part of the ASP.
Legal consequences of termination. The contractual parties agree to enter negotiations regarding a new or amended agreement within one month after notice of termination according to Section C 1.2. The negotiations are to be conducted between the management of Allianz SE and the SE Works Council (instead of a special negotiation body). The resolution of the SE Works Council on the conclusion of a new or amended agreement requires the simple majority of votes of its members, whereas such members, however, at least represent the majority of employees of Allianz within the area covered by this Agreement.
Legal consequences of termination. In case of termination of this Agreement for any cause whatsoever, the following applies:
Legal consequences of termination. In the event of termination without notice due to the behavior of a contractual partner, the return of services received is excluded, without prejudice to the right to possible claims for damages.
