LIABILITY OF THE PARTIES AND TERMINATION Sample Clauses

LIABILITY OF THE PARTIES AND TERMINATION. 10.1 Should, for reasons within the Lessee’s control, any sanctions be imposed on the Lessor or any instructions be issued by authorized bodies in connection with violation by the Lessee of the fire safety regulations, sanitary-epidemiological requirements, other requirements / Mandatory Rules in relation to the Buildings, or Lessee’s activities in the Buildings or in another part of the Warehouse Complex / Land Plot, the Lessee shall fully reimburse to the Lessor all the expenses related to payment of respective sanctions and/or fulfillment of instructions within five (5) Business Days upon receipt of the respective written demand from the Lessor.
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LIABILITY OF THE PARTIES AND TERMINATION. 9.1 If the competent authorities impose sanctions/issue improvement notices against the Lessor solely in connection with the Lessee’s activities carried out in violation of the terms and conditions of the Agreement in the Blocks, Checkpoints or other part of the Warehouse Complex/Land Plot, or due to violation by the Lessee of fire safety rules, sanitary and epidemiological requirements, other requirements/Mandatory Rules/provisions hereof in regard to the Lessee’s activities in the Blocks, Checkpoints or other part of the Warehouse Complex/Land Plot, but not due to noncompliance of the Land Plot, Building, Checkpoints, Premises with any requirements, compliance with which should be ensured by the Lessor as the developer and owner of the Blocks/Checkpoints, the Lessee shall be obliged to comply with the requirements of the relevant improvement notices by its own efforts and at its own expense and/or to reimburse the Lessor in full for all documented costs incurred in paying the relevant penalties and/or implementing the prescribed improvements no later than five (5) Business Days upon receipt of the Lessor’s written request with duly certified copies of documents confirming that the Lessor has been brought to liability for the reasons referred to in this clause / has received the improvement notices, as applicable, and copies of documents confirming payment of penalties, if applicable. The Parties agree that, should any administrative measures (penalties) be applied by competent authorities, in particular, in the form of suspension of operations in the Blocks/Checkpoints/Warehouse Complex solely in relation to the Lessee’s activities carried out in violation of the terms and conditions of the Agreement, in the Blocks, Checkpoints or in any other part of the Warehouse Complex/Land Plot, or in relation to violation by the Lessee of fire safety regulations, sanitary and epidemiological requirements, or any other requirements/Mandatory Rules/terms and conditions hereof in relation to the Lessee’s activity in the Blocks, Checkpoints or in any other part of the Warehouse Complex/Land Plot, then this is not the Lessor’s responsibility and this neither releases the Lessee from its obligation to pay the Lease Payment, nor grant to the Lessee any right of claim against the Lessor including application of sanctions against the Lessor, claim for any consideration, termination of the Lease Agreement, etc.
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LIABILITY OF THE PARTIES AND TERMINATION. 10.1. Should, for reasons within the Lessee’s control, any sanctions be imposed on the Lessor or any instructions be issued by authorized bodies in connection with violation by the Lessee of the fire safety regulations, sanitary-epidemiological requirements, other requirements / Mandatory Rules in relation to the Blocks/Checkpoints, or Lessee’s activities in the Blocks/Checkpoints or in another part of the Warehouse Complex / Land Plot, the Lessee shall fully reimburse to the Lessor all the expenses related to payment of respective sanctions and/or fulfillment of instructions within five (5) Business Days upon receipt of the respective written demand from the Lessor.
Sample 1
LIABILITY OF THE PARTIES AND TERMINATION. 9.1 If the competent authorities impose sanctions/issue improvement notices against the Lessor solely in connection with the Lessee’s activities carried out in violation of the terms and conditions of the Agreement in the Building, Checkpoints or other part of the Warehouse Complex/Land Plot, or due to violation by the Lessee of fire safety rules, sanitary and epidemiological requirements, other requirements/Mandatory Rules/provisions hereof in regard to the Lessee’s activities in the Building, Checkpoints or other part of the Warehouse Complex/Land Plot, but not due to noncompliance of the Land Plot, Building, Checkpoints, Premises with any requirements, compliance with which should be ensured by the Lessor as the developer and owner of the Building/Checkpoints, the Lessee shall be required to comply with the requirements of the relevant improvement notices by its own efforts and at its own expense and/or to reimburse the Lessor in full for all documented costs incurred in paying the relevant penalties and/or implementing the prescribed improvements no later than five (5) Business Days upon receipt of the Lessor’s written request with duly certified copies of documents confirming that the Lessor has been brought to liability for the reasons referred to in this Clause / issue of the improvement notices, as applicable, and copies of documents confirming payment of penalties, if applicable.
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Related to LIABILITY OF THE PARTIES AND TERMINATION

  • Xxxx and Termination of Agreement 1. This Agreement shall run for a period of one (1) year from the date first written above and will be renewed from year to year thereafter unless terminated by either party as provided hereunder.

  • Duration and Termination This Agreement shall become effective on July 21, 2015 and shall continue in effect until February 28, 2017, and thereafter, only if such continuance is approved at least annually by a vote of the Board, including the vote of a majority of the directors who are not parties to this Agreement or interested persons of any such party, cast in person, at a meeting called for the purpose of voting such approval. In addition, the question of continuance of this Agreement may be presented to the shareholders of the Portfolio; in such event, such continuance shall be effected only if approved by the affirmative vote of the holders of a majority of the outstanding voting securities of the Portfolio. This Agreement may at any time be terminated without payment of any penalty either by vote of the Board or by vote of the holders of a majority of the outstanding voting securities of the Portfolio, on not more than (60) sixty days’ written notice to the Manager. This Agreement shall automatically terminate in the event of its assignment. This Agreement may be terminated by the Manager after ninety (90) days’ written notice to the Fund. Any notice under this Agreement shall be given in writing, addressed and delivered, or mailed post-paid, to the other party at any office of such party. As used in this Section, the terms “assignment,” “interested persons,” “voting securities,” and a “majority of the outstanding voting securities” shall have the respective meanings set forth in Section 2(a)(4), Section 2(a)(19), Section 2(a)(42) of the 1940 Act and Rule 18f-2 thereunder.

  • Expiration and Termination Options shall expire on the earlier of:

  • Reductions and Terminations In the event of the reduction, lapse, or termination of a policy or policies reinsured under this Agreement or any other agreement, the Ceding Company will, in order to maintain its full retention, reduce or terminate reinsurance on that life. If there is a reduction on a policy reinsured under this Agreement, the Ceding Company's Retained Share will be adjusted, if necessary, and Reinsured Net Amount at Risk will be recalculated, using the new Specified Amount. If the reduction is on a policy not reinsured under this Agreement, the reinsurance reduction will apply first to the policy or policies being reduced and then, on a chronological basis, to other reinsured policies on the life, beginning with the oldest policy. As a result of such reductions, to the extent necessary, the Ceding Company will recalculate the full available retention defined in Exhibit A for each policy reinsured under this Agreement and recalculate Ceding Company's Retained Share and Reinsured Net Amount at Risk for the policy. Reductions in reinsurance under this provision shall be proportionate to the Reinsurer's share of the total amount of reinsurance on the policy.

  • Employment and Termination Neither the Plan, this Agreement nor any related documents, communications or other material shall give Employee the right to continued employment by BellSouth or by any Subsidiary or shall adversely affect the right of any such company to terminate Employee's employment with or without cause at any time.

  • Winding Up and Termination (a) Upon the occurrence of a Dissolution Event, the property and business of the Company shall be wound up by the Board or, in the event of the unavailability of the Board, by a Person designated as a liquidating trustee by the Board (the Board or such liquidating trustee, the “Liquidating Trustee”). Subject to the requirements of applicable law and the further provisions of this Section 6.2, the Liquidating Trustee shall have discretion in determining whether to sell or otherwise dispose of Company assets or to distribute the same in kind and the timing and manner of such disposition or distribution. While the Company continues to hold assets, the Liquidating Trustee may in its discretion expend funds, acquire additional assets and borrow funds. The Liquidating Trustee may also authorize the payment of fees and expenses reasonably required in connection with the winding up of the Company and any fees and expenses payable pursuant to any agreement to which the Company is party.

  • Term, Duration and Termination This Agreement shall become effective with respect to each Fund as of the date first written above (the "Effective Date") (or, if a particular Fund is not in existence on such date, on the earlier of the date an amendment to Schedule A to this Agreement relating to that Fund is executed or the Distributor begins providing services under this Agreement with respect to such Fund) and, unless sooner terminated as provided herein, shall continue for a two year period following the Effective Date. Thereafter, if not terminated, this Agreement shall continue with respect to a particular Fund automatically for successive one-year terms, provided that such continuance is specifically approved at least annually (a) by the vote of a majority of those members of the Trust's Board of Trustees who are not parties to this Agreement or interested persons of any such party, cast in person at a meeting for the purpose of voting on such approval and (b) by the vote of the Trust's Board of Trustees or the vote of a majority of the outstanding voting securities of such Fund. This Agreement is terminable without penalty with 60 days' prior written notice, by the Trust's Board of Trustees, by vote of a majority of the outstanding voting securities of the Trust, or by the Distributor. This Agreement will also terminate automatically in the event of its assignment. (As used in this Agreement, the terms "majority of the outstanding voting securities," "interested persons" and "

  • Duration and Termination of the Agreement This Agreement shall become effective upon its execution; provided, however, that this Agreement shall not become effective unless it has first been approved (a) by a vote of the Independent Trustees, cast in person at a meeting called for the purpose of voting on such approval, and (b) by an affirmative vote of a majority of the outstanding voting shares of the Fund. This Agreement shall remain in full force and effect continuously thereafter, except as follows:

  • Suspension and Termination If the coal sold hereunder fails to meet one (1) or more of the Guaranteed Monthly Weighted Averages set forth in §6.1 for any two (2) months in a six (6) month period, or if five (5) barge shipments in a thirty (30) day period are rejectable by Buyer, or two (2) rail shipments are rejectable in any thirty (30) day period by Buyer, then Buyer may upon notice confirmed in writing and sent to Seller by certified mail, suspend future shipments except shipments already loaded into barges, and/or railcars. Seller shall, within ten (10) days, provide Buyer with reasonable assurances that subsequent monthly deliveries of coal shall meet or exceed the Guaranteed Monthly Weighted Averages set forth in §6.1 and that the source will exceed the XXXXXXXXX COAL COMPANY, INC LG&E/KU Xxxxxxxx Xx. X00000 rejection limits set forth in §6.1. If Seller fails to provide such assurances within said ten (l0) day period, Buyer may terminate this Agreement by giving written notice of such termination at the end of the ten (10) day period. A waiver of this right for any one (1) period by Buyer shall not constitute a waiver for subsequent periods. If Seller after providing such assurances to Buyer’s reasonable satisfaction, shipments hereunder shall resume and any tonnage deficiencies resulting from suspension may be made up at Buyer’s sole option. If Buyer elects to not make up the shipments, the Base Quantity shall be reduced to reflect the tonnage deficiency resulting from suspension. Buyer shall not unreasonably withhold its acceptance of Seller’s assurances, or delay the resumption of shipment. If Seller, after such assurances, fails to meet any of the Guaranteed Monthly Weighted Averages for any one (1) month within the next six (6) months or if three (3) barge shipments or if one (1) rail shipment are rejectable within any thirty (30) day period during such six (6) month period, then Buyer may terminate this Agreement and exercise all its other rights and remedies under applicable law and in equity for Seller’s breach.

  • COMMENCEMENT AND TERMINATION 10.1 This Agreement shall be effective as of the date hereof and shall continue in force until terminated in accordance with the provisions herein.

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