Other Grounds for Termination Sample Clauses
The "Other Grounds for Termination" clause defines additional circumstances under which a contract may be ended beyond the standard reasons such as breach or expiration. This clause typically outlines specific events or conditions—such as insolvency, changes in law, or mutual agreement—that would justify early termination by one or both parties. By clearly listing these alternative scenarios, the clause provides flexibility and certainty, ensuring that both parties understand the full range of situations that could lead to the contract's conclusion and helping to manage risk if unforeseen events occur.
Other Grounds for Termination. (a) Either party may terminate this Agreement immediately on written notice to the other party upon the occurrence of any of the following:
(i) the other party commits any material breach of this Agreement and fails to remedy such material breach (if capable of remedy) within thirty (30) days of the party in breach being given written notice of the material breach (unless the parties agree to extend the period to remedy the breach); or
(ii) the other party (A) admits in writing its inability or is generally unable to pay its debts as they become due; (B) institutes, consents to or is otherwise subject to the institution of any proceeding under title 11 of the United States Code, as in effect from time to time, or any other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, composition with creditors, wind-down, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief law of the United States, or other applicable jurisdiction from time to time in effect and affecting the rights of creditors, generally; (C) is subject to an involuntary order for the transfer of all or part of its business by a statutory authority; (D) has any of its issued shares suspended from trading on any exchange on which they are listed (if applicable), or (E) is the subject of a measure similar to any of the foregoing;
(iii) the relevant federal or state authority withdrawing its authorization of either party
(iv) J.P. Morgan ceases to be qualified to act as custodian of a Customer or the Funds under Applicable Law;
(v) If a Force Majeure Event substantially prevents performance of any services necessary for the performance of functions reasonably agreed by the parties as critical for more than three (3) consecutive business days, then the Customer, on behalf of a Fund, may terminate all or any portion of this Agreement and the services so affected, as of a date specified by the Customer in a written notice of termination to J.P. Morgan, in which case, J.P. Morgan’s fees will be equitably adjusted as necessary to reflect the value of any remaining services; and
(vi) At any time, the Customer, on behalf of a Fund, may elect to remove any Fund from this Agreement in connection with the liquidation of the Fund or the merger of a Fund into another fund, in each case by notifying J.P. Morgan in writing or other mutually agreed communication method.
(b) J.P. Morgan may terminate this Agreement by giving not less than ninet...
Other Grounds for Termination. (a) Either party may terminate this Agreement immediately upon written notice to the other party following the occurrence of any of the following:
(i) the other party committing any material breach of this Agreement and failing to remedy such breach (if capable of remedy) within ninety (90) days of being given written notice of the material breach, unless the parties agree to extend the period to remedy the breach;
(ii) the other (A) admits in writing its inability or is generally unable to pay its debts as they become due; (B) institutes, consents to or is otherwise subject to the institution of any proceeding under title 11 of the United States Code, as in effect from time to time, or any other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, composition with creditors, wind-down, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief law of the United States or other applicable jurisdiction from time to time in effect and affecting the rights of creditors, generally; (C) is subject to an involuntary order for the transfer of all or part of its business by a statutory authority; (D) has any of its issued shares suspended from trading on any exchange on which they are listed (if applicable), or (E) is the subject of a measure similar to any of the foregoing; or
(iii) the relevant federal or state authority withdrawing its authorization of either party.
(b) ▇.▇. ▇▇▇▇▇▇ may terminate this Agreement by giving not less than sixty (60) days’ prior written notice to the Customer in the event that ▇.▇. ▇▇▇▇▇▇ reasonably determines that servicing the Customer raises reputational or regulatory concerns.
(c) In the event of the termination of the custody agreement between ▇.▇. ▇▇▇▇▇▇ and the Customer, ▇.▇. ▇▇▇▇▇▇ may terminate this Agreement in whole or in part and cease to provide the Services simultaneously with the transition of the assets of the Customer to a successor custodian.
Other Grounds for Termination. (a) Either party may terminate this Agreement immediately on written notice to the other party upon the occurrence of any of the following:
(i) the other party commits any material breach of this Agreement and fails to remedy such breach (if capable of remedy) within thirty (30) days of the party in breach being given written notice of the material breach, unless the parties agree to extend the period to remedy the breach; or
(ii) the other party (A) admits in writing its inability or is generally unable to pay its debts as they become due; (B) institutes, consents to or is otherwise subject to the institution of any proceeding under title 11 of the United States Code, as in effect from time to time, or any other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, composition with creditors, wind-down, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief law of the United States or other applicable jurisdiction from time to time in effect and affecting the rights of creditors, generally; (C) is subject to an involuntary order for the transfer of all or part of its business by a statutory authority; (D) has any of its issued shares suspended from trading on any exchange on which they are listed (if applicable), or (E) is the subject of a measure similar to any of the foregoing.
(b) J.▇. ▇▇▇▇▇▇ may terminate this Agreement by giving not less than sixty (60) days’ prior written notice to the Customer in the event that J.▇. ▇▇▇▇▇▇ reasonably determines that either the Customer has ceased to satisfy J.▇. ▇▇▇▇▇▇’▇ customary credit requirements or servicing the Customer raises reputational or regulatory concerns.
Other Grounds for Termination. To the extent allowable by governing law, either PARTY may terminate this LICENSE if the other PARTY is subject to an INSOLVENCY EVENT, where “INSOLVENCY EVENT” means the occurrence of any of the following: (a) a PARTY makes an assignment for the benefit of creditors; (b) a petition under any foreign, state or UNITED STATES bankruptcy act, receivership statute, or the like, as they now exist, or as they may be amended, is filed by a PARTY; (c) such a petition is filed with respect to a PARTY by any THIRD PARTY, or an application for a receiver is made by anyone with respect to a PARTY, and such petition or application is successfully litigated to an unappealable or not appealed decision by a court of final decisionor with respect to the PARTY whereby the petition or application is not resolved favorably to the PARTY within two (2) years from the date such petition is filed, or (d) a PARTY ceases doing business.
Other Grounds for Termination. (a) In the event of the termination of the custody agreement between ▇.▇. ▇▇▇▇▇▇ and the Customer, ▇.▇. ▇▇▇▇▇▇ may terminate this Agreement in whole or in part and cease to provide the Services simultaneously with the transition of the assets of the Customer to a successor custodian, provided that if the Agreement is terminated during the initial term, the termination fee described in Section 7.1 shall apply.
(b) Notwithstanding Section 7.2(a), either party may terminate this Agreement immediately upon written notice to the other party following the occurrence of any of the following:
(i) the other party being declared bankrupt, entering into a composition with creditors, obtaining a suspension of payment, being put under court controlled management or being the subject of a similar measure;
(ii) the relevant federal or state authority withdrawing its authorization of either party; or
(iii) the other party committing any material breach of this Agreement and failing to remedy such breach (if capable of remedy) within 90 days of being given written notice of the material breach, unless the parties agree to extend the period to remedy the breach.
Other Grounds for Termination. Either party may terminate this Agreement immediately upon written notice to the other party following the occurrence of any of the following:
(i) the other party being declared bankrupt, entering into an agreement with creditors, obtaining a suspension of payment, being put under court controlled management or being the subject of a similar measure;
(ii) the relevant federal or state authority withdrawing its authorization of either party necessary to perform services under this Agreement; or
(iii) the other party committing any material breach of this Agreement and failing to remedy such breach (if capable of remedy) within 90 days of being given written notice of the material breach, unless the parties agree to extend the period to remedy the breach.
Other Grounds for Termination. In some instances an action or inaction by an employee may give rise to circumstances that are not considered a disciplinary matter but may materially impact the continuing employment relationship with the company and result in termination of employment Examples of such circumstance may include but not be limited to the following; o Medical incapacity o Failure to maintain the legal right to work o Abandonment of employment o Failure to disclose a material fact that may impact the ongoing employment relationship e.g. a criminal conviction during employment that prevents an employee from fulfilling their duties If an employee has any concerns about their employment, or how they are treated at work, they should advise Metlifecare as soon as possible so these can be resolved. The first step is for the employee and Metlifecare to discuss the problem and try to find possible solutions. If the issue cannot be resolved then a personal grievance may be raised. The employee has 90 days from the time the problem occurred, or became known by the employee, to raise the grievance with Metlifecare via the People Team. If the problem cannot be resolved, the employee or Metlifecare can seek help from an external party, e.g. one or more of the following: o Employment Mediation Services, which offers free information and mediation to help employers and employees work together to resolve problems o a union or an advocate o a lawyer. If it cannot be resolved at mediation, the employee or Metlifecare may elect to progress to the Employment Relations Authority. E tū Incorporated Family Violence Guidelines:
Other Grounds for Termination. (a) Either party may terminate this Agreement immediately on written notice to the other party upon the occurrence of any of the following:
(i) the other party commits any material breach of this Agreement and fails to remedy such breach (if capable of remedy) within thirty (30) days of the party in breach being given written notice of the material breach, unless the parties agree to extend the period to remedy the breach; or
(ii) the other party (A) admits in writing its inability or is generally unable to pay its debts as they become due; (B) institutes, consents to or is otherwise subject to the institution of any proceeding under title 11 of the United States Code, as in effect from time to time, or any other liquidation, conservatorship, bankruptcy, assignment for the Global Custody Agreement - New York - January 2021 benefit of creditors, composition with creditors, wind-down, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief law of the United States or other applicable jurisdiction from time to time in effect and affecting the rights of creditors, generally; (C) is subject to an involuntary order for the transfer of all or part of its business by a statutory authority; (D) has any of its issued shares suspended from trading on any exchange on which they are listed (if applicable), or (E) is the subject of a measure similar to any of the foregoing.
(b) ▇.▇. ▇▇▇▇▇▇ may terminate this Agreement by giving not less than sixty (60) days’ prior written notice to the Customer in the event that ▇.▇. ▇▇▇▇▇▇ reasonably determines that either the Customer has ceased to satisfy ▇.▇. ▇▇▇▇▇▇’▇ customary credit requirements or servicing the Customer raises reputational or regulatory concerns.
(c) The Customer may terminate this Agreement immediately in the event of the Customer’s liquidation.
(d) The Customer may terminate this Agreement with sixty (60) days’ prior written notice to ▇.▇. ▇▇▇▇▇▇ in the event of (i) a merger of Customer into, or the consolidation of Customer with, another entity, or (ii) the sale by Customer of all, or substantially all, of its assets to another entity.
Other Grounds for Termination. This Agreement and the Transaction may be terminated at any time before Closing (whether before or after applicable approval of this Agreement by the shareholders of the parties, unless otherwise provided) as follows:
Other Grounds for Termination. A. By entering into this Contract, the Student agrees to pay rent for the full Contract Term. WITH THE EXCEPTION OF SECTION 13 ABOVE, THE FOLLOWING ARE THE ONLY REASONS A STUDENT MAY REQUEST A CONTRACT CANCELLATION.
i. if the Student graduates, transfers to another campus, is dismissed, is a participant in the Planned Educational Leave Program, or withdraws from the University; if any one of these circumstances are anticipated at the end of the Fall or Winter Quarter, Student Housing and Dining Services must be notified of the Student’s plans at least two weeks before the end of the quarter;
ii. if the Student is denied admission to UC ▇▇▇▇▇;
iii. if the Student is admitted to UC ▇▇▇▇▇ but fails to register, or cancels registration; Sampl
iv. if the Student presents proof of marriage that has occurred during the term of this Contract; or
v. if approved by the Student Housing and Dining Services Assistant Director of Residential Services after receipt and review of a written appeal for contract cancellation.
B. A request for contract cancellation will be considered only when a condition exists that originated after The Green Apartments Contract was signed. Please note that financial hardship and roommate conflict does not automatically warrant release from the contract. Information regarding The Green Apartments contract cancellation policy and procedure is available online at ▇▇▇▇▇://▇▇▇▇▇▇▇.▇▇▇▇▇▇▇.▇▇▇/how-to-apply/cancel-a-contract-or-lease/
C. A prorated adjustment of the room rate will be made ONLY IF THE STUDENT HOUSING AND DINING SERVICES RESIDENTIAL SERVICES OFFICE HAS AGREED TO AND CONFIRMED CANCELLATION OF THIS CONTRACT. Whether or not a Student takes occupancy, the prorated adjustment of the quarterly room rate is based upon the date that the Student Housing and Dining Services Residential Services Office has provided written confirmation of Contract cancellation.
D. If the Student abandons the premises before the end of the term, in violation of this Contract, Student Housing and Dining Services may enter and relet the premises, and/or seek damages as provided by California Civil Code Section 1951.2(a). A Student who does not fulfill payment of their housing fees will have HOLDS placed on their registration status until payment is received. Abandonment of the room with or without written notification from the Student does not relieve the Student of any other liabilities hereunder. See Section 23 for information about meal plan abandonment.
E. If...