Payments on Accelerated Termination Sample Clauses

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. 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 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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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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Related to Payments on Accelerated Termination

  • Payments on Early Termination For the purpose of Section 6(e) of this Agreement:

  • 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 on Account of Death or Disability During the Term, if the Executive’s employment terminates due to the Executive’s death, or is terminated by the Company and the Employer due to the Executive’s Disability as provided in Section 3(b), then the Company shall pay the Executive (or his beneficiary or representative) (i) his Accrued Benefit, (ii) to the extent that any annual incentive compensation payable under Section 2(b) with respect to any completed fiscal year has not been paid as of the Date of Termination, the actual incentive compensation payable with respect to such year, payable on the date such amounts would otherwise be paid, (iii) a portion of the annual incentive compensation payable under Section 2(b), based upon the number of days in the year of termination through the Date of Termination relative to 365, that the Executive would have received based on actual achievement of applicable performance metrics for the applicable performance period, with such amount payable on the date such bonus would otherwise have been paid, and (iv) full vesting of all Company, Employer or any of its or their affiliates’ equity awards that are subject to time-based vesting, effective as of the Date of Termination. Accelerated vesting of any such equity awards that are subject to performance-based vesting shall be subject to the terms and conditions of the plan governing particular equity awards, as in effect at the time such equity awards were granted, or an award agreement governing a particular equity award.

  • Termination on Account of Death Notwithstanding anything in this Agreement to the contrary, if Executive’s employment terminates on account of death, Executive shall be entitled to receive death benefits under any death benefit program maintained by the Company that covers Executive, and Executive not receive benefits pursuant to Sections 2 and 3 hereof, except that, subject to the provisions of Section 5 hereof, the Executive shall be entitled to the following benefits provided that Executive’s estate executes and does not revoke the Release:

  • Termination on Account of Disability Notwithstanding anything in this Agreement to the contrary, if Executive’s employment terminates on account of Disability, Executive shall be entitled to receive disability benefits under any disability program maintained by the Company that covers Executive, and Executive shall not receive benefits pursuant to Sections 2 and 3 hereof, except that, subject to the provisions of Section 5 hereof, the Executive shall be entitled to the following benefits provided that Executive executes and does not revoke the Release:

  • 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.

  • Payments Following Termination (a) If the Employment is terminated for any reason, either by the Company or by the Executive’s resignation, then the Company shall pay the Executive the following amounts as part of the Company’s next regular payroll cycle but in no event later than thirty (30) days after the Termination Date, to the extent that the same have not already been paid;

  • Payment of Accrued Obligations The Company shall pay to the Executive upon the Executive’s Severance a lump sum payment in cash, paid in accordance with applicable law, as soon as practicable but no later than ten (10) days after the Severance Date, equal to the sum of (a) the Executive’s accrued annual base salary and any accrued vacation pay through the Severance Date, and (b) any annual bonus earned by the Executive from the year preceding the Severance Date but not yet paid as of the Severance Date.

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