OBLIGATIONS IN CASE OF TERMINATION Sample Clauses

OBLIGATIONS IN CASE OF TERMINATION. 26.1 If the contract is terminated as per the provisions in Clause 24, during its Exploration Retention, or Exploitation Period, THE ASSOCIATE shall leave in production those xxxxx which on that date are producing and shall deliver the facilities, pipelines, transfer lines and other real estate property belonging to the Joint Account (located in the Contracted Area), all of which shall pass, free of charge, to ECOPETROL's ownership, together with the rights of way and assets acquired exclusively for the benefit of the contract, regardless of whether or not these assets are located outside the Contracted Area.
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OBLIGATIONS IN CASE OF TERMINATION. 12.1 With regard to the effects of any expiration or termination of this TD Agreement Section 23.1 and 23.6 through 23.10 of the Consolidation Agreement shall apply accordingly.
Sample 1
OBLIGATIONS IN CASE OF TERMINATION. 26.1 If the contract is terminated as per the provisions in Clause 24, during its Exploitation, Retention, or Exploration Period, THE ASSOCIATE shall leave in production those welxx xxich on that date are producing and shall deliver the facilities, pipelines, transfer lines and other real estate property belonging to the Joint Account
Sample 1

Related to OBLIGATIONS IN CASE OF TERMINATION

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

  • Conditions of Termination Notwithstanding anything to the contrary contained herein, this Agreement may be terminated at any time before the Closing:

  • Extension of Termination Date (a) No later than one year prior to the Termination Date then in effect, provided that no Event of Default shall have occurred and be continuing, the Borrowers may request an extension of such Termination Date by submitting to the Administrative Agent an Extension Request containing the information in respect of such extension specified in Exhibit I, which the Administrative Agent shall promptly furnish to each Bank. If, within 30 days of their receipt of an Extension Request, the Majority Banks shall approve in writing the extension of the Termination Date requested in such Extension Request, the Termination Date shall automatically and without any further action by any Person be extended for the period specified in such Extension Request; provided that (i) each extension pursuant to this subsection 2.16 shall be for a maximum of one year and (ii) the Commitment of any Bank which does not consent in writing to such extension within 30 days of its receipt of such Extension Request (an “Objecting Bank”) shall, unless earlier terminated in accordance with this Agreement, expire on the Termination Date in effect on the date of such Extension Request (such Termination Date, if any, referred to as the “Commitment Expiration Date” with respect to such Objecting Bank). If, within 30 days of their receipt of an Extension Request, the Majority Banks shall not approve in writing the extension of the Termination Date requested in an Extension Request, the Termination Date shall not be extended pursuant to such Extension Request. The Administrative Agent shall promptly notify (y) the Banks and the Borrowers of any extension of the Termination Date pursuant to this subsection 2.16 and (z) the Borrowers and any other Bank of any Bank which becomes an Objecting Bank. No Bank has an obligation to extend its Commitment pursuant to this Section 2.16 except in its sole discretion.

  • Compensation in the Event of Termination In the event that the Executive’s employment hereunder terminates prior to the expiration of this Agreement for any reason provided in Section 5 hereof, the Company shall pay the Executive, compensation and provide the Executive and the Executive’s eligible dependents with benefits as follows:

  • Notice of Termination; Effect of Termination Any proper termination of this Agreement under Section 7.1 will be effective immediately upon the delivery of written notice of the terminating party to the other parties hereto. In the event of the termination of this Agreement as provided in Section 7.1, this Agreement shall be of no further force or effect, except (i) as set forth in this Section 7.2, Section 7.3 and Article 8, each of which shall survive the termination of this Agreement, and (ii) nothing herein shall relieve any party from liability for any willful breach of this Agreement. No termination of this Agreement shall affect the obligations of the parties contained in the Confidentiality Agreement, all of which obligations shall survive termination of this Agreement in accordance with their terms.

  • Circumstances of Termination This Agreement and the employment relationship between COMPANY and EMPLOYEE may be terminated as follows:

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

  • Termination Effect of Termination 33 9.1 TERMINATION.................................................33 9.2

  • In the Event of Termination After receipt of a notice of termination, except as otherwise directed, the AGENCY shall:

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