Payments on Accelerated Termination Sample Clauses

Payments on Accelerated Termination. If an Event of Change shall have occurred and be continuing, and if any arrangement is not, or is not capable of being, made pursuant to Section 6.02, then either party (if adversely affected by such Event of Change) may designate an accelerated termination date ("Accelerated Termination Date") upon not less than two and not more than 10 Business Days' notice to the other party. Upon the Accelerated Termination Date, the parties' obligations hereunder shall terminate, except for the obligations contained in the remainder of this Section 6.03 and in Section 7.02 and the obligation referred to in the proviso to the final sentence of this Section 6.03. Upon the designation of an Accelerated Termination Date, the Seller, at the option of the Purchaser, shall either (i) deliver any Natural Gas otherwise deliverable hereunder to the Purchaser, provided that such delivery of Natural Gas by the Seller would not then be unlawful and the Seller has the ability to make such delivery and pay any Unpaid Amounts or (ii) pay to the Purchaser an amount equal to the Termination Payment plus any Unpaid Amounts. All amounts payable under this Section 6.03 shall become due on the Accelerated Termination Date and shall be payable on the fifth Business Day following delivery by the Purchaser of the certificate of calculation of the Termination Payment contemplated by Section 5.03. Upon the occurrence of an Accelerated Termination Date, the Purchaser's sole remedy hereunder shall be either, at the Purchaser's sole discretion, to receive Natural Gas plus the Unpaid Amounts pursuant to clause (i) above or to seek the Termination Payment herein specified plus any Unpaid Amounts provided that nothing herein shall affect either party's obligation to make payments of amounts that were due and owing (whether or not payable) on or prior to the occurrence of such Accelerated Termination Date.
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Payments on Accelerated Termination. Upon the designation of an Accelerated Termination Date, Seller, at the option of Purchaser, shall either (i) deliver any Natural Gas otherwise deliverable hereunder to Purchaser, provided that such delivery of Natural Gas by Seller would not then be unlawful and Seller has the ability to make such delivery or (ii) Seller shall pay to Purchaser an amount equal to the Termination Payment plus any Unpaid Amounts. All amounts payable under this Section 6.03 shall become due on the Accelerated Termination Date and shall be payable on the fifth (5th) Business Day following delivery by Purchaser of the certificate of calculation of the Termination Payment contemplated by Section 5.03. Upon the occurrence of an Accelerated Termination Date, Purchaser may, in its sole discretion, elect either remedy set forth in this Section 6.03. Such remedies shall be Purchaser's sole remedy; provided that nothing herein shall affect a party's obligation to make payments of amounts which were due and owing (whether or not payable) on or prior to the occurrence of such Accelerated Termination Date.
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Payments on Accelerated Termination. 13 ARTICLE VII - MISCELLANEOUS Section 7.01 Notice . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 Section 7.02 Interest on Overdue Amounts . . . . . . . . . . . . . . . . . . . . . . 15 Section 7.03 Governing Law . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 i 20
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Payments on Accelerated Termination. Upon the designation of an Accelerated Termination Date, Seller shall pay to Purchaser an amount equal to the Termination Payment plus any Unpaid Amounts. All amounts payable under this Section 6.03 shall become due on the Accelerated Termination Date and shall be payable on the Business Day following delivery by Purchaser of the certificate of calculation of the Termination Payment contemplated by Section 5.03(c). The remedy under this Section 6.03 shall be Purchaser's sole remedy upon the occurrence of an Accelerated Termination Date; provided that nothing herein shall affect a party's obligation to make payments of amounts which were due and owing (whether or not payable) on or prior to the occurrence of such Accelerated Termination Date.
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Related to Payments on Accelerated Termination

  • Payments on Early Termination For the purpose of Section 6(e) of this Agreement: (i) Market Quotation will apply. (ii) The Second Method will apply.

  • Payments on Termination Payments to the Advisor pursuant to this Section 13.03 shall be subject to the 2%/25% Guidelines to the extent applicable. After the Termination Date, the Advisor shall not be entitled to compensation for further services hereunder except it shall be entitled to receive from the Company within 30 days after the effective date of such termination all unpaid reimbursements of expenses and all earned but unpaid fees payable to the Advisor prior to termination of this Agreement.

  • Termination for Non-Payment We may terminate this Agreement with immediate effect by giving written notice to you if you fail to pay any amount due under this Agreement on the due date for payment and remain in default not less than thirty

  • Automatic Early Termination provision of Section 6(a) will not apply to Party A and will not apply to Party B.

  • Payment upon Early Termination (a) Within three (3) calendar days after an Early Termination Effective Date, the Corporate Taxpayer shall pay to each TRA Party an amount equal to the Early Termination Payment in respect of such TRA Party. Such payment shall be made by wire transfer of immediately available funds to a bank account or accounts designated by such TRA Party or as otherwise agreed by the Corporate Taxpayer and such TRA Party or, in the absence of such designation or agreement, by check mailed to the last mailing address provided by such TRA Party to the Corporate Taxpayer.

  • Payment on Early Termination Upon termination pursuant to Section 14 (Early Termination), District shall pay Contractor as follows: (i) If District terminates this Contract for its convenience under Section 14(a) or 14(b), then District must pay Contractor for work performed before the termination date if and only if Contractor performed in accordance with this Contract. District shall not be liable for any direct, indirect, or consequential damages. Termination by District shall not constitute a waiver of any other claim District may have against Contractor. (ii) If Contractor terminates this Contract under Section 14(c) due to District’s breach, then District shall pay Contractor for work performed before the termination date if and only if Contractor performed in accordance with this Contract. (iii) If District terminates this Contract under Sections 14(c) or 14(d) due to Contractor’s breach, then District must pay Contractor for work performed before the termination date less any setoff to which District is entitled and if and only if Contractor performed such work in accordance with this Contract.

  • Automatic Termination This Agreement shall automatically and immediately terminate in the event of its “assignment” (as defined in the 1940 Act).

  • Termination Payments In the event of termination of the employment of Executive, all compensation and benefits set forth in this Agreement shall terminate except as specifically provided in this paragraph 4:

  • POST-TERMINATION OBLIGATIONS All payments and benefits to Executive under this Agreement shall be subject to Executive's compliance with this Section 9 for one (1) full year after the earlier of the expiration of this Agreement or termination of Executive's employment with the Holding Company. Executive shall, upon reasonable notice, furnish such information and assistance to the Holding Company as may reasonably be required by the Holding Company in connection with any litigation in which it or any of its subsidiaries or affiliates is, or may become, a party.

  • Required Termination If a court of competent jurisdiction or Government Authority issues a final non-appealable order or judgment holding that all or part of the Agreement or all or a part of the Services offered under the Agreement are in violation of any Law (each, a “Judgment”), the affected party has the right to terminate those portions of the Agreement that are part of such Judgment by providing the other party with written notice of its intent to terminate such portions of the Agreement, and subject to Section II.E, such termination of such portions of the Agreement will be effective as of the date specified in such notice.

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