Lender's Option Upon Termination Sample Clauses

Lender's Option Upon Termination. If the Province, after duly affording the Lender the opportunity required by Section 2.11 to cure the Default or the subsisting grounds that gave rise to the Termination Events specified in Section 2.11 or giving the Lender notice of the occurrence of certain Termination Events, as applicable, terminates the DBFO Agreement pursuant to section 17.2(a) of the DBFO Agreement by notice to the Contractor and the Lender, then the Lender may, within 45 days of receiving notice of the termination, require the Province to enter into a new DBFO Agreement (the “New DBFO Agreement”) directly with a Representative on the same terms (and having the same remaining Term) as the DBFO Agreement except as stated otherwise in this Agreement, with the intent being that the novation of the DBFO Agreement will place the Province in the same position as if the DBFO Agreement had not been terminated. In that event:
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Lender's Option Upon Termination. If the Province, after duly affording the Lender the opportunity required by section 2.11 to cure the Default, terminates the DBFO Agreement by notice to the Contractor and the Lender, then the Lender may, within five Business Days of receiving notice of the termination, require the Province to enter into a new DBFO Agreement directly with the Lender (or, if the Lender is a collective, any member of the collective designated by the collective for that purpose) on the same terms (and having the same remaining Term) as the DBFO Agreement, with the intent being that the novation of the DBFO Agreement will place the Province in the same position as if the DBFO Agreement had not been terminated. In that event:
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Lender's Option Upon Termination. This Section 2.12 shall not apply to a termination of the DBFO Agreement under section 17.2(a) of the DBFO Agreement upon a Termination Event under section 16.8(h) or section 16.8(i) of the DBFO Agreement. If the Province, after duly affording the Lender the opportunity required by Section 2.11 to cure the Default or the subsisting grounds that gave rise to the Termination Events specified in Section 2.11 or giving the Lender notice of the occurrence of certain Termination Events, as applicable, terminates the DBFO Agreement pursuant to section 17.2(a) of the DBFO Agreement by notice to the Contractor and the Lender, then the Lender may, within 45 days of receiving notice of the termination, require the Province to enter into a new DBFO Agreement (the “New DBFO Agreement”) directly with a Representative on the same terms (and having the same remaining Term) as the DBFO Agreement except as stated otherwise in this Agreement, with the intent being that the novation of the DBFO Agreement will place the Province in the same position as if the DBFO Agreement had not been terminated. In that event:
Sample 1
Lender's Option Upon Termination. If the Province, after duly affording the Lender the opportunity required by Section 2.11 to cure the Default or the subsisting grounds that gave rise to the Termination Events specified in Section 2.11, if applicable, terminates the DBFM Agreement pursuant to section 17.2(a) of the DBFM Agreement by notice to the Contractor and the Lender and other than for a Termination Event pursuant to section 16.8(i) or 16.8(j) of the DBFM Agreement, then the Lender may, within 45 days of receiving notice of the termination, require the Province to enter into a new DBFM Agreement (the “New DBFM Agreement”) directly with the a Representative on the same terms (and having the same remaining Term) as the DBFM Agreement except as stated otherwise in this Agreement, with the intent being that the novation of the DBFM Agreement will place the Province in the same position as if the DBFM Agreement had not been terminated. In that event:
Sample 1

Related to Lender's Option Upon Termination

  • Action Upon Termination (a) From and after the effective date of termination of this Agreement, pursuant to Sections 13, 14, or 15 of this Agreement, the Manager shall not be entitled to compensation for further services under this Agreement, but shall be paid all compensation accruing to the date of termination and, if terminated pursuant to Section 13 or Section 15(b), the applicable Termination Fee. Upon such termination, the Manager shall forthwith:

  • Termination Upon Notice Following thirty (30) days’ written notice, the State Entity may terminate the Contract in whole or in part without the payment of any penalty or incurring any further obligation to the Contractor. Following termination upon notice, the Contractor shall be entitled to compensation, upon submission of invoices and proper proof of claim, for goods and services provided under the Contract to the State Entity up to and including the date of termination.

  • Termination Upon Sale Notwithstanding anything to the contrary contained herein, a Party may terminate its obligations under this Agreement as to a specific operating area or portion thereof if such Party sells or otherwise transfers the area or portion thereof to a non-Affiliate in compliance with the terms and conditions of this Agreement. The selling or transferring Party shall provide the other Party with at least sixty (60) Days prior written notice of such termination, which shall be effective on the date specified in the notice. Notwithstanding termination of this Agreement as to a specific operating area, this Agreement shall remain in full force and effect in the remaining operating areas.

  • Termination Upon Breach Either the Corporation or the Consultant may terminate this Agreement in the event of the breach of any of the material terms or provisions of this Agreement by the other party, which breach is not cured within 10 business days after notice of the same is given to the party alleged to be in breach by the other party.

  • Deemed Termination upon delay Without prejudice to the provisions of Clauses 4.2 and 4.3, and subject to the provisions of Clause 9.2, the Parties expressly agree that in the event the Appointed Date does not occur, for any reason whatsoever, within a period of [180 (one hundred and eighty)] days from the Execution Date or the extended period provided in accordance with this Agreement, then all rights, privileges, claims and entitlements of the Concessionaire under or arising out of this Agreement shall be deemed to have been waived by, and to have ceased with the concurrence of the Concessionaire and the Agreement may be terminated by the non-defaulting Party. Provided, however, that in the event the delay in occurrence of the Appointed Date is for reasons attributable to the Concessionaire, the Performance Security or the Bid Security, as the case may be, of the Concessionaire shall be encashed and appropriated by the Authority as Damages thereof.

  • Termination Upon Default Either Party may terminate this Agreement in whole or in part in the event of a default by the other Party; provided however, that the non-defaulting Party notifies the defaulting party in writing of the alleged default and that the defaulting Party does not cure the alleged default within sixty (60) calendar days of receipt of written notice thereof. Default is defined to include:

  • Termination upon Death This entire Agreement will terminate immediately without further action of the parties upon the death of a natural person who is a party to this Agreement, or a general partner of a partnership that is a party to this Agreement.

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

  • Payment upon Termination In the event that the City or Consultant terminates this Agreement pursuant to Section 8, the City shall compensate the Consultant for all outstanding costs and reimbursable expenses incurred for work satisfactorily completed as of the date of written notice of termination. Consultant shall maintain adequate logs and timesheets in order to verify costs incurred to that date. The City shall have no obligation to compensate Consultant for work not verified by logs or timesheets.

  • Rights Upon Termination Except as expressly provided in Section 6, upon the termination of the Executive’s Employment pursuant to this Section 5, the Executive shall only be entitled to the compensation, benefits and reimbursements described in Sections 2, 3 and 4 for the period preceding the effective date of the termination. The payments under this Agreement shall fully discharge all responsibilities of the Company to the Executive.

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