MISCELLANEOUS TERMINATION BY SELLER Sample Clauses

MISCELLANEOUS TERMINATION BY SELLER. Seller shall have the right to terminate the Agreement upon written notice to Buyer in the event that; (a) Buyer files a voluntary petition under any Chapter of Bankruptcy Code or similar insolvency law of any jurisdiction or proposes a dissolution or liquidation (SEC 11 U.S.C. @ 365(e), discussed briefly @ 11.21.01 supra); or (b) Buyer has filed against it any petition under any Chapter of the Bankruptcy Code or similar insolvency law of any jurisdiction, which petition is not dismissed within (See N. 1 supra); or (c) Buyer, within three years after the date of delivery of the Air Motor as described in Paragraph 2,04, has not commenced volume production of machines utilizing the Air Motor or booked significant revenues from licenses or Marks, Patent Rights or Copyrights relating to the Air Motor, provided, however, that said 3 year period shall be extended for successive additional periods if Buyer has met the requirements of Paragraph 5.02 during the 3 year period or
Sample 1
AutoNDA by SimpleDocs
MISCELLANEOUS TERMINATION BY SELLER. Seller shall have the right to terminate the Agreement upon written notice to Buyer in the event that; (a) Buyer files a voluntary petition under any Chapter of Bankruptcy Code or similar insolvency law of any jurisdiction or proposes a dissolution or liquidation; OR (b) Buyer has filed against it any petition under any Chapter of the Bankruptcy Code or similar insolvency law of any jurisdiction, which petition is not dismissed. It is further provided that should the provisions of subparagraphs (a) or (b) above be invalid or unenforceable under then applicable provisions of the Bankruptcy Code or any similar insolvency law of any jurisdiction, the Trustee in Bankruptcy or Debtor in Possession of Buyer shall continue to have the same rights and obligations to perform under this Agreement by such Trustee or Debtor in Possession shall have the right to terminate this Agreement on 30 days' written notice or such other reasonable period of time as may be determined by the court then having jurisdiction over Buyer.
Sample 1

Related to MISCELLANEOUS TERMINATION BY SELLER

  • 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:

  • 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:

  • Termination by Agreement In the event Practice and Business ------------------------ Manager shall mutually agree in writing, this Management Services Agreement may be terminated on the date specified in such written agreement.

  • Termination by Owner Owner may also terminate this Agreement at any time before Contractor begins the Work and notifies Owner in writing of such commencement if (1) Owner sells the property on which the Work is being performed or (2) the economic climate does not warrant proceeding with the project of which the Work is a part. In such circumstance, Contractor shall be entitled to receive that portion of the Contract Price earned by Contractor for Work performed to the satisfaction of Owner less any payments made before the date this Agreement is terminated. Contractor shall not be entitled to any additional compensation or damages as a result of termination of this Agreement pursuant to this Paragraph 12(c).

  • Termination by Resignation Subject to Section 3.2, below, Executive’s employment and the Company’s obligations under this Agreement shall terminate automatically, effective immediately upon Executive’s provision of written notice to the Company of Executive’s resignation from employment with the Company or at such other time as may be mutually agreed between the Parties following the provision of such notice.

  • Termination by Manager Manager shall have the right to terminate this Agreement at any time, with or without cause, upon sixty (60) days written notice to Owner. Manager shall also have the right to terminate this Agreement upon thirty (30) days written notice to Owner for non-payment of fees and expenses due Manager under the terms of this Agreement

  • Effect of Termination; Termination Fee (a) In the event of the termination and abandonment of this Agreement pursuant to Section 10.1, the Agreement shall terminate and have no effect, except as otherwise provided herein and except that the provisions of this Section 10.2, Section 10.5 and Article 11 of this Agreement shall survive any such termination and abandonment.

  • Termination Effect of Termination 44 9.1 TERMINATION................................................44 9.2

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

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!