Our right of termination Sample Clauses

Our right of termination. Without prejudice to clause 10.2, we may terminate the card account in accordance with clause 10.2 in any one or more of the following events:- (a) the appointment of a receiver, receiver and manager, judicial manager or trustee over any of the property or assets of the business member or any part thereof; (b) the business member proposing to enter into a scheme of arrangement or other similar proceedings under the Companies Act, Cap. 50; (c) the termination of your employment with the business member; or (d) the bankruptcy, insolvency or death of the business member (if the business member is an individual ); the dissolution of the business member or the bankruptcy, death or insolvency of any of the partners ( if the business member is a partnership ); the presentation of any petition for the winding up of the business member ( if the business member is a company ).
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Our right of termination. We are entitled in our reasonable discretion, at any time and after giving reasonable notice but without giving any reason and without any liability, to terminate your card account and/or to demand immediate payment of the total outstanding balance, whether or not you are in default of this agreement and whether or not the current balance is due. If we terminate your card account for any reason, you must:- (a) immediately return to us the card cut in half; and (b) pay the current balance in full (including such card transaction which you have carried out but which has not been debited to your card account before we receive your card).
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Our right of termination. Without prejudice to clause 10.2, we may terminate the card account in accordance with clause 10.2 in any one or more of the following events:- (a) the appointment of a receiver, receiver and manager, judicial manager or trustee over any of the property or assets of the business member or any part thereof; (b) the business member proposing to enter into a scheme of arrangement or other similar proceedings under the Companies Act, Cap. 50; (c) the termination of your employment with the business member; or (d) the bankruptcy, insolvency or death of the business member (if the business member is an individual); the dissolution of the business member or the bankruptcy, death, resignation, withdrawal or insolvency of any of the partners (of the business member) ; the presentation of any petition for the winding up of the business member (if the business member is a company). Notwithstanding clause 10.2, we may terminate the card account effective immediately upon notice in writing in any one or more of the following events:- (e) you and/or the business member fail to meet any of your obligations under this Agreement (including the obligation to provide the Bank with information, particulars and/or documents pursuant to in clause 11.5(a)) and does not remedy such failing within thirty (30) days after being notified in writing.
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Our right of termination. We are entitled in our absolute discretion, at any time and without giving reason or liability, to terminate your card account forthwith and/ or to demand immediate payment of the current balance, whether or not you are in default of this agreement and whether or not the current balance is outstanding. If we terminate your card account for any reason, you must:- (a) immediately return to us the card cut in half; and (b) return to us all unused MCCA checks and checkbooks (if we have granted you the MasterCard Check Access Facility); and (c) pay the current balance in full (including such card transaction which you have carried out but which has not been debited to your card account before we receive your card).
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Our right of termination. We may immediately terminate this Agreement without notice if:
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Our right of termination. We may, at any time in our absolute discretion without giving you notice or any reason to terminate your card account. without prejudice to the generality of the foregoing ,we may terminate your card account, upon the occurrence of any one Current Balance The balance {including accrued interest, fees and charges) payable to us stated in the card account statement or (where more than one current balance is stated in the card account statement) al the current balances stated therein.
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Our right of termination. We may, at any time in our absolute discretion without giving you notice or any reason to terminate your card account. without prejudice to the generality of the foregoing, we may terminate your card account, upon the occurrence of any one or more of the following events: (a) the bankruptcy. Insolvency, death or incapacity of you; and/or (b) any breach of these Terms & Conditions by you; and/or (c) any change in your financial condition. If we terminate your card account for any reason, the total indebtedness on your card account will become immediately due and payable by you to us and you must forthwith return the credit card to us and pay the total indebtedness in full, including the amount of all card transactions which have been carried out but have not been debited to your card account before we receive your credit card and to pay us all the interest fees and charges which we are entitled to under these Terms & Conditions.
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Related to Our right of termination

  • Right of Termination This Agreement and the transactions contemplated hereby may be completely terminated at any time at or prior to the Closing: (a) by mutual written consent of the Parties; (b) by either Seller or Buyer if the Closing shall not have occurred on or before October 31, 2013; provided, however, that (i) no Party shall have the right to terminate this Agreement pursuant to this clause (b) if such Party is at such time in material breach of its representations and warranties set forth in this Agreement or negligently or willfully failed to perform or observe its covenants and agreements herein in any material respect and (ii) such date shall be postponed to the extent necessary to resolve all disputes being arbitrated pursuant to Section 8.8 under this Agreement or under any of the Cinco Purchase Agreements; (c) by either Seller or Buyer if any Governmental Authority shall have issued an order, judgment or decree or taken any other action challenging, delaying, restraining, enjoining, prohibiting or invalidating the consummation of any of the transactions contemplated herein; or (d) If the sum of (i) the Aggregate Title Defect Value (which shall include any unresolved disputed Title Defects and any unCured Title Defects, whether or not Seller has elected to attempt to Cure), plus (ii) the Aggregate Environmental Defect Value (which shall include any unresolved disputed Environmental Defects and any unRemediated Environmental Defects, whether or not Seller has elected to attempt to Remediate), plus (iii) the aggregate costs to repair or restore any portion of the Assets subject to a Casualty Loss (or condemnation or eminent domain, the Allocated Value of such Assets) and any other Damages related thereto, exceeds 15% of the unadjusted Purchase Price, then either Seller or Buyer may terminate this Agreement upon written notice to the other parties hereto; provided, however, that Buyer may not terminate pursuant to this Section 12.1(d) until such time as Seller shall have had a reasonable opportunity to Cure any Title Defect or Remediate any Environmental Defect.

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