Owner’s Right to Terminate; Payment Sample Clauses

Owner’s Right to Terminate; Payment. Owner may in its sole discretion terminate the Work with or without cause at any time by giving Notice of termination to Contractor, to be effective upon the receipt of such Notice by Contractor or upon such other termination date specifically identified by Owner therein. If this Agreement is terminated pursuant to this Section 20.1 after the Open Book Review has been concluded and the Separated Contract Price has been agreed to by the Parties, as compensation for the Work performed through the effective date of termination, subject to reductions as set in this paragraph below, Owner shall pay to Contractor an amount equal to the sum of (g) the reasonable cost of the Work properly performed in accordance with this Agreement to the date of termination based on the Schedule of Payment Values (and pro-rated if necessary); plus (h) Contractor’s reasonably incurred out-of-pocket- costs of demobilization (as evidenced in writing) including EXECUTION COPY demobilization and termination or cancellation or breakage costs of Subcontractors if their agreements with Contractor are not assigned to and assumed by Owner pursuant to Section 20.1.3; less (i) any amounts previously paid to Contractor under this Agreement. If such termination occurs prior to the Completion of the Open Book Review and before the Separated Contract Price has been agreed upon, Owner shall pay Contractor (x) the cost of the Work properly performed in accordance with this Agreement to the date of termination based on the rate schedule set forth in Exhibit Y, plus (y) Contractor’s reasonably incurred out-of-pocket- costs of demobilization (as evidenced in writing) including demobilization and termination or cancellation costs of Subcontractors if their agreements with Contractor are not assigned to and assumed by Owner pursuant to Section 20.1.3. Owner shall make payments under this Section 20.1 in accordance with Article 6. Contractor shall not include any cancellation fees of Contractor in the Schedule of Payment Values or the estimated cancellation costs, and shall not be entitled to receive any cancellation fees.
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Related to Owner’s Right to Terminate; Payment

  • Landlord’s Right to Terminate Landlord shall have the option to terminate this Lease in the event any of the following occurs, which option may be exercised only by delivery to Tenant of a written notice of election to terminate within thirty days after the date of such damage or destruction:

  • Licensee’s Right to Terminate Licensee may, at its option, without prejudice to any other remedies it may have, terminate this agreement by giving written notice of such termination to Licensor as follows: (a) immediately, in the event that Licensor abandons the Licensed Marks or otherwise ceases to support the Licensed Marks in Licensor's business; or (b) immediately in the event of the occurrence of a Bankruptcy with respect to Licensor; or (c) immediately in the event of an occurrence of termination pursuant to Section 13.2(d).

  • Company’s Right to Terminate Notwithstanding the provisions of Section 3.1, Company shall have the right to terminate Executive’s employment under this Agreement at any time for any of the following reasons:

  • Purchaser’s Right to Terminate Anything in any of the Transaction Documents to the contrary notwithstanding, each Purchaser has the right to demand and receive back from the Company such Purchaser’s Subscription Amount at any time until a Closing takes place in connection with such Subscription Amount. UNDER NO CIRCUMSTANCES WILL THE PURCHASER’S SUBSCRIPTION AMOUNT BE DELIVERED TO OR UNDER THE CONTROL OR AUTHORITY OF ANY PLACEMENT AGENT OR BROKER INCLUDING BUT NOT LIMITED TO PALLADIUM CAPITAL ADVISORS, LLC.

  • Right to Terminate Agreement This Agreement may be terminated prior to the Closing:

  • Executive’s Right to Terminate Notwithstanding the provisions of paragraph 2.1, Executive shall have the right to terminate his employment under this Agreement for any of the following reasons:

  • Right to Terminate Notwithstanding anything to the contrary set forth in this Agreement, this Agreement may be terminated and the transactions contemplated herein abandoned at any time prior to the Closing:

  • Tenant’s Right to Terminate If the Leased Premises, the Building or the Outside Area are damaged by any peril and Landlord does not elect to terminate this Lease or is not entitled to terminate this Lease pursuant to this Article, then as soon as reasonably practicable, Landlord shall furnish Tenant with the written opinion of Landlord's architect or construction consultant as to when the restoration work required of Landlord may be complete. Tenant shall have the option to terminate this Lease in the event any of the following occurs, which option may be exercised only by delivery to Landlord of a written notice of election to terminate within seven days after Tenant receives from Landlord the estimate of the time needed to complete such restoration:

  • Reservation of Right to Terminate Relationship Nothing contained in this Agreement shall restrict the right of the Company to terminate the relationship of the Optionee at any time, with or without cause. The termination of the relationship of the Optionee by the Company, regardless of the reason therefor, shall have the results provided for in Sections 3 and 4 of this Agreement.

  • Employee’s Right to Terminate for Convenience In addition to Employee’s right to terminate Employee’s employment for Good Reason, Employee shall have the right to terminate Employee’s employment with the Company for convenience at any time and for any other reason, or no reason at all, upon thirty (30) days’ advance written notice to the Company; provided, however, that if Employee has provided notice to the Company of Employee’s termination of employment, the Company may determine, in its sole discretion, that such termination shall be effective on any date prior to the effective date of termination provided in such notice (and, if such earlier date is so required, then it shall not change the basis for Employee’s termination of employment nor be construed or interpreted as a termination of employment pursuant to Section 7(b)).

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