Non-Binding and Rights of Termination Sample Clauses

Non-Binding and Rights of Termination. This MOU, is non-binding and imposes no obligations upon or grants any rights, preferential interests or value in and to the parties hereto. No such obligations, rights, interests or value shall accrue to any party until the execution of binding agreements, including the DSA, GDA and GMP, and upon appropriations being made from time to time by the Xxxxxxxxxx County Council in support thereof. The purpose of this MOU is to set forth the respective commitments of the parties to advance the prompt design, development and construction of the Project. The parties shall diligently and in good faith negotiate the terms of the DSA, GDA and GMP. However, if in accordance with the Project Schedule (or within a reasonable time thereafter), the parties fail to reach agreement as to the terms of the DSA, GDA and GMP, including the scope and amount of payment for the development services to be provided by Developer under the DSA, and the amount of the Commission Purchase Price, either party my terminate this MOU without recourse by and to the other, unless otherwise expressly stated herein. The foregoing notwithstanding, once any or all of the DSA, GDA and GMP are fully executed by the parties thereto, the terms of such agreements shall supercede and control over any contrary provisions of this MOU.
Sample 1
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Related to Non-Binding and Rights of Termination

  • Rights of Termination 10.1 The Company may in its sole discretion terminate this agreement by written notice to the Customer if:

  • TERMINATION AND CONSEQUENCES OF TERMINATION 14.1 On termination of any Service Schedule for whatever reason the Client will cease to have the Services provided thereunder.

  • Obligations Upon Termination Upon termination of this Agreement, either party shall, at the request of the other party, return any document, material, database, equipment, or software containing the Confidential Information to the other party. If, for any reason, such document, material, database, equipment, or software cannot be returned, either party shall destroy all the Confidential Information belonging to the other party and delete such Confidential Information from any memory devices. No party shall be permitted to continue using the Confidential Information in any way after the termination of this Agreement.

  • Effects of Termination Upon the termination of this Agreement for any reason:

  • Rights on Termination (a) If during the Service Term Executive’s employment is terminated under Section 5 above (x) by the Company without Cause or (y) by Executive with Good Reason, then:

  • Events of Termination Subject to Section 6.4 below, this Agreement will terminate as to a Fund:

  • Actions upon Termination In the event of termination not the fault of the Contractor, the Contractor shall be paid for the services properly performed prior to termination, together with any reimbursable expenses then due, but in no event shall such compensation exceed the maximum compensation to be paid under the Contract. The Contractor agrees that this payment shall fully and adequately compensate the Contractor and all subcontractors for all profits, costs, expenses, losses, liabilities, damages, taxes, and charges of any kind whatsoever (whether foreseen or unforeseen) attributable to the termination of this Contract. Upon termination for any reason, the Contractor shall provide Seattle with the most current design documents, contract documents, writings and other product it has completed to the date of termination, along with copies of all project-related correspondence and similar items. Seattle shall have the same rights to use these materials as if termination had not occurred.

  • Right of Termination and Re-Entry In the event of any breach of the payment of rent or any other allowed charge, or other breach of this Lease, Landlord shall have full rights to terminate this Lease in accordance with state law and re-enter and re-claim possession of the leased premises, in addition to such other remedies available to Landlord arising from said breach.

  • Surrender of Confidential Information upon Termination Upon termination of this Contract or a Statement of Work, in whole or in part, each party must, within 5 calendar days from the date of termination, return to the other party any and all Confidential Information received from the other party, or created or received by a party on behalf of the other party, which are in such party’s possession, custody, or control; provided, however, that Contractor must return State Data to the State following the timeframe and procedure described further in this Contract. Should Contractor or the State determine that the return of any Confidential Information is not feasible, such party must destroy the Confidential Information and must certify the same in writing within 5 calendar days from the date of termination to the other party. However, the State’s legal ability to destroy Contractor data may be restricted by its retention and disposal schedule, in which case Contractor’s Confidential Information will be destroyed after the retention period expires.

  • Survival on Termination The following Paragraphs and Articles shall survive the termination of this Agreement:

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