Participant Termination Sample Clauses
The Participant Termination clause defines the conditions under which a participant may be removed or may withdraw from an agreement or program. Typically, this clause outlines the procedures for providing notice, any required reasons for termination, and the consequences that follow, such as the return of materials or settlement of outstanding obligations. Its core function is to provide a clear and fair process for ending participation, thereby reducing uncertainty and potential disputes between parties.
Participant Termination. Institution shall use the SmartPass Institutional Portal to deactivate the Clipper® SmartPass card serial number for any participant who loses his/her eligibility, no later than 30 calendar days after the participant’s loss of eligibility. Loss of eligibility includes but is not limited to the following situations: employees no longer with the company, students no longer enrolled, or staff no longer employed with the college/university, or individuals that no longer reside in the residential community. For colleges/universities, see section 24 – 30.
Participant Termination. Upon the occurrence of any one or more of the following events, the Authority or the Servicer (not applicable for MCC) may terminate this Origination Agreement with respect to the Participant as provided in Section 5.02 hereof and shall have the other remedies specified therein:
(a) Failure by the Participant to fully observe or perform in any respect any warranty, covenant, condition or agreement, or failure to remain in compliance with any representation in the applicable Program Guide or the GNMA Guide, the FHLMC Guide or the FNMA guidelines, as applicable to the type of financing.
(b) Failure by the Participant to timely comply with the reporting requirements required by the applicable Program Guide or the GNMA Guide, the FHLMC Guide or FNMA guidelines, as applicable to the type of financing.
(c) Participant receives an unfavorable decree, order, determination, or designation from a court or agency or supervisory authority having jurisdiction over the Participant such as, the FDIC, the Office of Thrift Supervision (“OTS”), the Office of the Comptroller of the Currency (“OCC”), CFPB, FHFA or another similar regulatory action. The Participant must promptly notify the Authority, no later than 10 days after knowledge thereof, if any such order, determination, or decree is issued.
(d) A decree or order of a court or agency or supervisory authority having jurisdiction in the premises for the appointment of a trustee in bankruptcy, a conservator or receiver or liquidator in any solvency, readjustment of debt, marshaling of assets and liabilities or similar proceedings, or for the winding-up or liquidation of its affairs, shall have been entered against the Participant.
(e) The Participant shall consent to the appointment of a conservator or receiver or liquidator in any insolvency, readjustment of debt, marshaling of assets and liabilities or similar proceedings of or relating to the Participant or relating to the Participant or of or relating to all or substantially all of its property.
(f) The Participant shall admit its inability to pay its debts generally as they become due, file a petition to take advantage of any applicable insolvency or reorganization statute, make an assignment for the benefit of its creditors, or voluntarily suspend payment of its obligations.
(g) The Servicer or Authority shall discover that any representation of or warranty by the Participant is false or misleading in any respect.
(h) The Participant submits one (1) or more Non-Qua...
Participant Termination. The Program retains the right to discontinue Participant enrollment and terminate this Agreement immediately or withhold payment payments, pursue claims, demands or lawsuits against, or seek prosecution of any Participant for any of the following reasons:
Participant Termination. Because this CCAA and associated CIs are voluntary agreements, the Participant may terminate enrollment of a specified Enrolled Property in an existing CI at any time so long as the Participant has paid three years of Enrollment Fees in full for the property to be removed. Similarly, the Participant may terminate a CI in its entirety if Participant has paid three years of Enrollment Fees in full for the all Enrolled Property. Property removed pursuant to an amendment of the CI or termination of the CI is hereinafter referred to as “Terminated Property.” The Participant must provide thirty (30) days written notice to WAFWA that it is voluntarily removing an Enrolled Property from the CI or that it is terminating the CI. Operations on the Terminated Property for which the Participant has not paid the Mitigation Fee at the time of property removal or CI termination may proceed as if the CI did not exist, but are not covered by the Permit and thus no longer receive take authorization or assurances under the Permit.
Participant Termination. ▇▇. ▇▇▇▇▇▇▇▇ reserves the right to discontinue a Participant’s enrollment in the Practice. If ▇▇. ▇▇▇▇▇▇▇▇ feels that the actions of a Participant may be harmful or detrimental to the Practice or its members in any way, a termination notice will be provided to the Participant. In such case, ▇▇. ▇▇▇▇▇▇▇▇ will make every reasonable effort to refer your medical care to another qualified medical practitioner.
Participant Termination. Upon the occurrence of any one (1) or more of the following events, the Authority may terminate this Origination Agreement with respect to the Participant as provided in Section 5.02 hereof and shall have the other remedies specified therein:
(a) Failure by the Participant to fully observe or perform, in any respect, any warranty, covenant, condition, or agreement, or failure to remain in compliance with any representation in this Origination Agreement or the Program Guide.
(b) Failure by the Participant to timely comply with the reporting requirements required by the Program Guide and the Code.
(c) Participant receives an unfavorable decree, order, determination, or designation from a court or agency or supervisory authority having jurisdiction over the Participant such as, the FDIC, the Office of Thrift Supervision (“OTS”), the Office of the Comptroller of the Currency (“OCC”), CFPB or FHFA, etc. The Participant must notify IHCDA if any such order, determination, or decree is issued.
(d) A decree or order of a court or agency or supervisory authority having jurisdiction in the premises for the appointment of a trustee in bankruptcy, a conservator or receiver or liquidator in any solvency, readjustment of debt, marshaling of assets and liabilities or similar proceedings, or for the winding-up or liquidation of its affairs, shall have been entered against the Participant.
(e) The Participant shall consent to the appointment of a conservator or receiver or liquidator in any insolvency, readjustment of debt, marshaling of assets and liabilities or similar proceedings of or relating to the Participant or of or relating to all or substantially all of its property.
(f) The Participant shall admit its inability to pay its debts generally as they become due, file a petition to take advantage of any applicable insolvency or reorganization statute, make an assignment for the benefit of its creditors, or voluntarily suspend payment of its obligations.
(g) The Authority shall discover or be notified that any representation of or warranty by the Participant is false or misleading in any respect.
(h) The Participant submits one (1) or more Non-Qualifying MCC Loans or improperly or inadequately documented MCC Loans.
Participant Termination. Upon the occurrence of any one or more of the following events, the Authority may terminate this Origination Agreement with respect to the Participant as provided in Section 5.02 hereof and shall have the other remedies specified therein:
(a) Failure by the Participant to fully observe or perform, in any respect, any warranty, covenant, condition or agreement, or failure to remain in compliance with any representation in this Origination Agreement or the Program Guide.
(b) Failure by the Participant to timely comply with the reporting requirements required by the Program Guide and the Code.
(c) A decree or order of a court or agency or supervisory authority having jurisdiction in the premises for the appointment of a trustee in bankruptcy, a conservator or receiver or liquidator in any solvency, readjustment of debt, marshaling of assets and liabilities or similar proceedings, or for the winding-up or liquidation of its affairs, shall have been entered against the Participant.
(d) The Participant shall consent to the appointment of a conservator or receiver or liquidator in any insolvency, readjustment of debt, marshaling of assets and liabilities or similar proceedings of or relating to the Participant or of or relating to all or substantially all of its property.
(e) The Participant shall admit its inability to pay its debts generally as they become due, file a petition to take advantage of any applicable insolvency or reorganization statute, make an assignment for the benefit of its creditors, or voluntarily suspend payment of its obligations.
(f) The Authority shall discover or be notified that any representation of or warranty by the Participant is false or misleading in any respect.
(g) The Participant submits one or more Non-Qualifying MCC Loans or improperly or inadequately documented MCC Loans.
Participant Termination. Upon the occurrence of any one or more of the following events, the Authority or the Servicer may terminate this Origination Agreement with respect to the Participant as provided in Section 5.02 hereof and shall have the other remedies specified therein:
(a) Failure by the Participant to fully observe or perform in any respect any warranty, covenant, condition or agreement, or failure to remain in compliance with any representation in this Origination Agreement, the Program Guide, the ▇▇▇▇▇▇ ▇▇▇ Guide or the GNMA Guide, as applicable.
(b) Failure by the Participant to timely comply with the reporting requirements required by the Program Guide, the ▇▇▇▇▇▇ Mae Guide, the GNMA Guide and the Code.
(c) A decree or order of a court or agency or supervisory authority having jurisdiction in the premises for the appointment of a trustee in bankruptcy, a conservator or receiver or liquidator in any solvency, readjustment of debt, marshaling of assets and liabilities or similar proceedings, or for the winding-up or liquidation of its affairs, shall have been entered against the Participant.
(d) The Participant shall consent to the appointment of a conservator or receiver or liquidator in any insolvency, readjustment of debt, marshaling of assets and liabilities or similar proceedings of or relating to the Participant or relating to the Participant or of or relating to all or substantially all of its property.
(e) The Participant shall admit its inability to pay its debts generally as they become due, file a petition to take advantage of any applicable insolvency or reorganization statute, make an assignment for the benefit of its creditors, or voluntarily suspend payment of its obligations.
(f) The Servicer or Authority shall discover that any representation of or warranty by the Participant is false or misleading in any respect.
(g) The Participant submits one or more Non-Qualifying Mortgage Loans or improperly or inadequately documented Loans.
Participant Termination. Upon the happening of any one or more of the following even ts, the Authority or the Ser vicer may t er minate this Origin ation Agreement with respect to the Participant as provided in Section 5.02 h er eof and shall have the oth er r em edies specified th er ein :
(a) Failure by the Participant to fu lly observe or perform in any r espect any warranty, covenant, condition or agr eem en t , or failure to r emain in compliance with any representation in this Origination Agreement, the Program Guide, the ▇▇▇▇▇▇ ▇▇▇ Guide or the GNMA Guide.
Participant Termination. The Escrow Holder will take all steps necessary to transfer the unvested Restricted Stock to NextG after the Participant’s termination as a Service Provider (for any reason or no reason) and after the Escrow Holder receives written notice of such termination. By signing and delivering this Agreement, the Participant irrevocably appoints the Escrow Holder as the Participant’s true and lawful attorney-in-fact with full power of substitution, and with irrevocable power and authority in the name and on behalf of the Participant, to take any action and execute all documents and instruments, including stock powers, that may be necessary to transfer the certificate or certificates representing such unvested Restricted Stock to NextG upon such termination.