Notice to Proceed or Terminate Sample Clauses

Notice to Proceed or Terminate. Prior to the termination of Developer’s Due Diligence Period, Developer shall deliver to Agency and Escrow Agent either (i) Notice of Developer’s intention to proceed with the acquisition of the Site and the construction of the Improvements (“Developer’s Notice to Proceed”), or (ii) Notice of Developer’s intention to terminate Escrow and this Agreement (“Developer’s Notice to Terminate”)‌ In the event that Developer delivers Developer’s Notice to Terminate and such termination is based upon the physical condition of the Site, Escrow and this Agreement shall terminate. In the event that Developer delivers Developer’s Notice to Terminate and such termination is based upon the environmental condition of the Site, Escrow and this Agreement shall terminate unless such termination is ineffective in accordance with Section 303.4 of this Agreement.
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Notice to Proceed or Terminate. On or before 5:00 p.m. Denver, Colorado time on the last day of the Due Diligence Period, Buyer shall notify Seller in writing either that it (a) elects to purchase the Chanate Shares on the terms herein provided, or (b) elects not to purchase the Chanate Shares on the terms herein provided. If Buyer elects to purchase the Chanate Shares, Buyer shall specify a Closing Date, as referred to in Section 5.1, which shall be not more than thirty (30) days following the date of the notice. If Buyer fails to make the election provided for in this Section 1.1.4, or if notice of such election is not timely received by Seller, Buyer shall be deemed to have chosen to purchase the Chanate Shares on the terms herein provided, and Seller shall specify a Closing Date reasonably satisfactory to Buyer. If Buyer elects not to purchase the Chanate Shares on the terms herein provided, this Agreement shall terminate, as provided in Section 7.2.
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Notice to Proceed or Terminate. Prior to the termination of Developer’s Due Diligence Period, Developer shall deliver to Agency and Escrow Agent either (i) Notice of Developer’s intention to proceed with the acquisition of the Agency Parcels and the construction of the Improvements (“Developer’s Notice to Proceed”), or (ii) Notice of Developer’s intention to terminate Escrow and this Agreement (“Developer’s Notice to Terminate”) In the event that Developer delivers Developer’s Notice to Terminate and such termination is based upon the physical condition of the Agency Parcels, Escrow and this Agreement shall terminate. In the event that Developer delivers Developer’s Notice to Terminate and such termination is based upon the environmental condition of the Agency Parcels, Escrow and this Agreement shall terminate. However, if Agency, at its option, agrees to remediate the Agency Parcels in accordance with the recommendations of Developer’s Environmental Consultant, Developer’s Environmental Reports and all Governmental Requirements (“Agency’s Election to Remediate”), Agency shall give Notice to Developer and Escrow Agent of such election and Developer’s Notice to Terminate shall be ineffective; provided, however, that Developer has approved of the scope of the Remedial Work and the RAP prior to the commencement of such work. In such event, Agency shall be required to complete the remediation of the Agency Parcels in accordance with Section 303.4, at Agency's expense, prior to and as a Developer’s Condition to Closing unless Developer and Agency have agreed in writing that Agency shall complete the Remedial Work after the Closing.
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Related to Notice to Proceed or Terminate

  • Modification or Termination The Loan Documents may only be modified or terminated by a written instrument or instruments intended for that purpose and executed by the party against which enforcement of the modification or termination is asserted. Any alleged modification or termination which is not so documented shall not be effective as to any party.

  • Effective Date of This Agreement and Termination Thereof (a) This Agreement shall become effective at 10:00 A.M., New York time, on the first full business day following the day on which you and the Company receive notification that the Registration Statement became effective.

  • Earlier Termination Your employment hereunder shall terminate prior to the Initial Term (or any renewal term, in the event of renewal) on the following terms and conditions:

  • Right to Terminate Following Event of Default If at any time an Event of Default with respect to a party (the “Defaulting Party”) has occurred and is then continuing, the other party (the “Non-defaulting Party”) may, by not more than 20 days notice to the Defaulting Party specifying the relevant Event of Default, designate a day not earlier than the day such notice is effective as an Early Termination Date in respect of all outstanding Transactions. If, however, “Automatic Early Termination” is specified in the Schedule as applying to a party, then an Early Termination Date in respect of all outstanding Transactions will occur immediately upon the occurrence with respect to such party of an Event of Default specified in Section 5(a)(vii)(1), (3), (5), (6) or, to the extent analogous thereto, (8), and as of the time immediately preceding the institution of the relevant proceeding or the presentation of the relevant petition upon the occurrence with respect to such party of an Event of Default specified in Section 5(a)(vii)(4) or, to the extent analogous thereto, (8).

  • Grounds for Termination This Agreement may be terminated at any time prior to the Closing:

  • Amendment, Suspension or Termination of the Plan By accepting this Award, Participant expressly warrants that he or she has received an Award of Restricted Stock Units under the Plan, and has received, read and understood a description of the Plan. Participant understands that the Plan is discretionary in nature and may be amended, suspended or terminated by the Company at any time.

  • Termination for Default The County may, by written notice to the Contractor terminate this contract for default in whole or in part (delivery orders, if applicable) if the Contractor fails to:

  • Amendment or Termination (a) This Trust Agreement may be amended by a written instrument executed by Trustee and Company. Notwithstanding the foregoing, no such amendment shall conflict with the terms of the Plan or shall make the Trust revocable after it has become irrevocable in accordance with Section 1(b) hereof.

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