Liquidated Damages for Early Termination Sample Clauses

Liquidated Damages for Early Termination. (a) If an Event of Default occurs with respect to a Party (the “Defaulting Party”) at any time during the term of this Agreement, and is continuing, then the other Party (the “Terminating Party”) may: (i) upon two (2) Business Days written notice to the Defaulting Party, which notice shall be given no later than sixty (60) days after the discovery of the occurrence of the Event of Default, establish a date on which this Agreement may be terminated (the “Early Termination Date”), (ii) withhold any payments due in respect of this Agreement and/or (iii) suspend performance hereunder; provided, however, upon the occurrence of any Event of Default listed in Section 9.2(d), then this Agreement shall automatically terminate at the time set out therein, without notice, as if an Early Termination Date had been immediately declared at the point in time immediately prior to the occurrence of such Event of Default. If an Early Termination Date occurs, the Terminating Party shall in good faith calculate its damages, including its Costs, resulting from the termination of this Agreement in accordance with this Section
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Liquidated Damages for Early Termination. Upon termination of this Agreement before the end of its Term, Customer shall pay Banning Liquidated Damages. The payment of Liquidated Damages is required to ensure that neither Banning nor its ratepayers are financially or otherwise damaged if this Agreement is prematurely terminated before the end of its Term.
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Liquidated Damages for Early Termination. (a) If an Event of Default occurs with respect to a Party (the “Defaulting Party”) at any time during the term of this Agreement, and is continuing, then the other Party (the “Terminating Party”) may:
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Liquidated Damages for Early Termination. If Contractor is terminated by eith3er Section 15.1 or 15.2 hereof, the General Contractor may exercise the following remedies:
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Liquidated Damages for Early Termination. The parties hereto agree that the Executive's execution of this Agreement is a material inducement of Topps entering into the Merger Agreement, and that the Executive's termination of employment by the Company for Cause or by the Executive without Good Reason prior to the fourth anniversary of the Closing Date would result in material harm to Topps and the Company, the dollar value of which is uncertain. Therefore, the Executive agrees that in the event his employment hereunder is terminated by the Company for Cause or by the Executive without Good Reason prior to the fourth anniversary of the Closing Date, the Executive shall pay Topps an amount as liquidated damages equal to the Liquidated Damages Amount. The Executive shall secure the Liquidated Damages Amount by equity securities, and the parties will enter into a security agreement, on terms mutually agreeable, pursuant to which the parties will secure the obligations of the Executive under this subsection (g). For purposes of this Section 6(g), the term "Liquidated Damages Amount" shall be calculated as follows:
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Liquidated Damages for Early Termination. In the event the employment is terminated by the Company without Good Reason, the Company shall pay the Employee a liquidated damages equal to 4 months salary. In the event the employment is terminated by the Employee, the Employee shall give the Company a written notice 4 months prior to the termination and give the Company a period of time to find a new CFO. If the Employee fails to do so, he shall pay the Company a liquidated damages equal to 4 months salary.
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Liquidated Damages for Early Termination. If this Agreement is terminated by Hilton for any of the reasons set forth in clause (c) of Section 13, Resorts acknowledges that it shall remain liable for all Annual Royalty Fees (using, solely for the purposes of this calculation, a notional Annual Royalty Fee of $2,500,000 per year) that would be due through the normal expiration of this Agreement, which fees shall become immediately due and payable upon termination of this Agreement as well as all amounts owed to Hilton for periods prior to the date of termination. This same obligation will exist if Resorts terminates this Agreement during the first two years following the Effective Date other than in accordance with the provisions of clause (b) of Section 13 (unless another provision of this Agreement permits termination by payment of no fee or only the Termination Fee). If Resorts terminates this Agreement more than two years following the Effective Date of this Agreement other than in accordance with the provisions of clause (b) of Section 13 (and in a manner other than in accordance with the provisions of Sections 2(a), 8(a)(iv) or 12 of this Agreement, which provisions shall govern whether any amount is payable in respect of such termination notwithstanding this sentence and without duplication of any amounts to be paid pursuant to Sections 5(a) and 7(c)), then Resorts will be obligated to pay the Termination Fee, provided such payment is made at or before termination of this Agreement (and if not paid by that time, Resorts shall be liable for the full liquidated damages set forth above). If Resorts terminates this Agreement at any time in accordance with the provisions of clause (b) of Section 13, no Termination Fee or other liquidated damages shall be due.
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Related to Liquidated Damages for Early Termination

  • Early Termination Fee After this contract goes into effect, if you terminate this contract for any reason, or switch your service to a different electricity generation supplier or default service supplier prior to the end of the contract term, you will be responsible for paying XOOM Energy an early termination fee in the amount of $500. This Early Termination Fee is intended not as a penalty, but simply to offset the cost of selling the unused portion of your electric power to others and estimated lost revenue that XOOM may incur from such a sale, if any, and related expenses.

  • Early Termination Benefit If Early Termination occurs, the Bank shall distribute to the Executive the benefit described in this Section 2.2 in lieu of any other benefit under this Article.

  • Automatic Early Termination provision of Section 6(a) will not apply to Party A and will not apply to Party B.

  • Payment upon Early Termination (a) Within three (3) calendar days after an Early Termination Effective Date, the Corporate Taxpayer shall pay to each TRA Party an amount equal to the Early Termination Payment in respect of such TRA Party. Such payment shall be made by wire transfer of immediately available funds to a bank account or accounts designated by such TRA Party or as otherwise agreed by the Corporate Taxpayer and such TRA Party or, in the absence of such designation or agreement, by check mailed to the last mailing address provided by such TRA Party to the Corporate Taxpayer.

  • Early Termination In the absence of any material breach of this Agreement, should the Trust elect to terminate this Agreement prior to the end of the term, the Trust agrees to pay the following fees:

  • Early Termination of Services Termination at any time upon 90 days’ prior written notice. Notwithstanding the second sentence of Section 4(b) of the Agreement, individual Services within this Schedule may be terminated on a per country basis without all other Services being simultaneously terminated. Following the written notice period and coinciding with the early termination by the Recipient of any Service(s) in this Schedule, Early Termination Fees equal to 75% of the monthly cost of such terminated Services shall be charged to Recipient monthly until the earlier of (i) three (3) months after termination or (ii) the expiration of the Term of this Schedule.

  • Company Termination Fee (a) If this Agreement is terminated (i) by Parent pursuant to Section 8.4(a) (Company Change in Recommendation) or (ii) by the Company pursuant to Section 8.3(c) (Termination for Superior Proposal), then the Company shall, within two (2) Business Days after such termination in the case of clause (i) or concurrently with such termination in the case of clause (ii), pay Parent a fee equal to $356,000,000 (the “Company Termination Fee”) less any amount of Parent Expenses previously paid by the Company.

  • ISDA Early Termination Date Party A has the right to designate an Early Termination Date pursuant to Section 6 of the Agreement;

  • Payments on Early Termination For the purpose of Section 6(e) of this Agreement:

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