Premature termination of contract Sample Clauses

Premature termination of contract. This Consortium Agreement shall terminate prematurely if the project committee unan- imously decides to abort the research project with the approval of the FFG.
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Premature termination of contract. 10.1 If Party B fails to pay property management fees, utility bills and other fees for more than 10 days during the lease term, Party A shall be entitled to rescind this Contract prematurely and stop Party B from using the leased premises and the relevant facilities inside. All losses caused thereby (including, but not limited to, the losses of Party B and the sub-tenant) shall be borne by Party B in full. If Party B fails to pay the rent for more than 1 month, Party A shall be entitled to terminate this Contract. Also, the rent, deposit and property management fees that Party A has collected will not be refunded. In this case, Party B must vacate the premises within 15 days from the date of Party A’s notice to ensure Party A’s normal use. This Contract shall be automatically terminated upon receipt by Party B (including the sub-tenant) of Party A’s written notice of rescission of this Contract by fax or letter. Party A shall be entitled to retain the property rights of Party B (including the property of the sub-tenant) within the leased premises. Three days after the issuance of the written notice of termination of the contract, Party A will apply for auction of the retained property to offset the full amount of fees that Party B should pay due to the lease.
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Premature termination of contract. An Exhibitor shall be obliged to inform the Organiser in writing of its request to terminate the contract prematurely. Premature termination of the contract without any particular sanctions is possible only under the terms and conditions indicated in the registration sheet/participation contract. An Exhibitor shall forfeit its right to use a booked Exposition Stand and the right to use the Exposition Stand shall go back to the Organiser if the Exhibitor: has not paid the participation fee on time; has not started to use the Exposition Stand 22h September except if an agreement has been reached on the terms and conditions of participation in a particular exhibition or trade fair), does not adhere to the Organiser’s general terms and conditions of participation or terms and conditions of participation in a particular exhibition or trade fair. An Exhibitor shall be obliged to pay the Organiser the invoices the due dates of which have arrived by the moment of premature termination of the contract. The amounts already paid by an Exhibitor before premature termination of the contract shall not be subject to return to Exhibitors.
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Premature termination of contract. The Service Provider agrees to forfeit the Bank Guarantee of (currency) (to be determined by Mission) (in words) referred to under para 6.c of this Agreement to the Mission for premature termination of contract by the service provider.
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Premature termination of contract. In case a worker is terminated on his/her concluded employment contract and returned to sending country prematurely which is not due to his/her mistake, the receiving Partyshall be responsible for paying compensation for the worker in accordance with agreement, paying one-way air-ticket for his/her return. In case a worker is terminated on his/herconcluded employment contract and has to return prematurely which is due to his/her own mistake, the worker shall be responsible for paying compensation to the employer and/or the receiving Party on the damages caused and paying the cost of one-way air-ticket for their return. In case a worker is terminated on his/her concluded employment contract and has to return prematurely due to force-majeure (natural calamities, wars, epidemics,…), the contracting Parties shall be responsible to agree upon the payment of transportation expense to return the worker to the country of origin, to consider for supporting the worker and addressing remaining issues pursuant to current laws and regulations. (In specific cases, for instance workers are fishing crews or labor receiving countries have their own stipulations on annual basic salary, the contracting Parties could agree upon and specify these contents in the contract)
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Premature termination of contract. 13.1 Either party may immediately terminate the contract by giving written notice to the other party if any of the following occurs: a) A bankruptcy proceeding is instituted against either party’s assets, or such proceeding is not instituted because of insufficient assets; b) Such other party materially breaches the contract and fails to remedy such breach within 60 days after written notice is given. 13.2 In addition to the circumstances set forth in 13.1 Supplier may immediately terminate the contract by giving written notice to Customer, if a) Delivery or performance becomes impossible for reasons attributable to Customer, or is delayed due to such reasons beyond a reasonable grace period established in writing; b) Customer’s financial situation has worsened notably after signing the order and Customer is unable or unwilling to provide adequate security for payment of its financial obligations under the contract; c) Payments are not received when due from Customer despite Supplier’s fulfilment of its obligations and Customer fails to pay within a reasonable grace period established in writing; or d) A change of Customer’s ownership takes place which has a substantial impact on Supplier’s interests; e) Supplier has reasonable cause to suspect that the delivery of Products by the Supplier or any of its affiliates or any other performance of the contract infringe any sanctions, prohibitions or restrictions under resolutions of the United Nations or laws and regulations of the European Union, the Republic of Austria or any other state which are applicable to the Supplier and/or any of its affiliates; f) Supplier’s Products become subject to the restrictions imposed by the EC-Dual-use-Regulation No. 428/2009 as amended after the contract has been concluded if the Supplier does not obtain an export license under the EC-Dual-use-Regulation. 13.3 In case of premature termination, all performances or parts thereof, which have already been fulfilled by Supplier, shall be settled and paid according to the contractual provisions. This also applies to deliveries and performances not yet accepted by Customer as well as to any preparatory work undertaken by Supplier. Any other consequences resulting from a premature termination of contract are excluded.
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Premature termination of contract. 10.1. Both parties are entitled to terminate the contract prematurely by a mutual written agreement. 10.2. The contract can be terminated unless there is a written agreement as stated in Clause 10.1 above, or a breach of contract of any party causing another party terminates the contract prematurely: - If the tenant terminates the contract prematurely, the deposit shall be beneficial to the landlord automatically without returning it to the tenant. - If the landlord terminates the contract prematurely, the landlord shall return the deposit to the tenant. However, the tenant shall pay for the compensation to damage of the leased premises or pay the rental fee that he owed if any.
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Related to Premature termination of contract

  • Premature Termination (i) In the event of the termination of the employment of the Executive under this Agreement by the Employer for any reason other than expiration of the Basic Term hereof or any renewal term, termination upon disability in accordance with the provisions of paragraph (g) of this Section 4, or a "for-cause" termination in accordance with the provisions of paragraph (e) of this Section 4, then notwithstanding any actual or allegedly available alternative employment or other mitigation of damages by or available to the Executive, the Executive shall be entitled to a "Premature Termination Payment" equal to the sum of: (w) three (3) times the rate of annualized Base Salary then payable to the Executive, plus (x) three (3) times the average of the three (3) most recent annual Performance Bonuses that the Executive received. In the event of a termination governed by this subparagraph (c) of Section 4, the Employer shall also: (y) allow a period of eighteen (18) months following the termination of employment for the Executive (but in no event beyond the expiration of any option term or period specified in the option agreement with the Executive) to exercise any options granted under any stock option or share incentive plan established by Employer or COPT ("Stock Plan"); and (z) continue for the Executive (provided that such items are not available to him by virtue of other employment secured after termination) the perquisites, plans and benefits provided under the Employer's Perquisite Policy and Benefit Plans as of and after the date of termination, [all items in (z) being collectively referred to as "Post-Termination Perquisites and Benefits"], for the lesser of the number of full months the Executive has theretofore been employed by the Employer (but not less than twelve (12) months) or twenty four (24) months following such termination. The payments and benefits provided under (w), (x), (y) and (z) above by the Employer shall not be offset against or diminish any other compensation or benefits accrued as of the date of termination. (ii) Notwithstanding the vesting schedule otherwise applicable, in the event of a termination governed by this subparagraph (c) of Section 4, the Executive shall be fully vested in all of the Executive's options and restricted shares under any Stock Plan or similar program. (iii) Any cash payments to the Executive under this Section 4(c) will be made monthly over twelve (12) months, unless otherwise mutually agreed by the parties to minimize the Executives' tax burden in any year.

  • Termination of Contract The Department may terminate the Contract for refusal by the Contractor to comply with this section by not allowing access to all public records, as defined in Chapter 119, F. S., made or received by the Contractor in conjunction with the Contract.

  • Termination of Contract for Cause 5.1.1 If A-E breaches any of the covenants or conditions of this CONTRACT, COUNTY shall have the right to terminate this CONTRACT upon ten (10) days written notice prior to the effective day of termination. 5.1.2 A-E shall have the opportunity to cure the alleged breach prior to termination. 5.1.3 In the event the alleged breach is not cured by A-E prior to termination, all work performed by A-E pursuant to this CONTRACT, which work has been reduced to plans or other documents, shall be made available to COUNTY.

  • Termination of Contracts Neither the Company nor any of its Subsidiaries has sent or received any communication regarding termination of, or intent not to renew, any material contract or agreement referred to or described in the Registration Statement, the Pricing Disclosure Package and the Final Prospectus or filed as an exhibit to the Registration Statement, and no such termination or non-renewal has been threatened by the Company or any of its Subsidiaries or by any other party to any such contract or agreement.

  • Termination of Plan The Sponsor may terminate the Plan and the Trust with respect to all Employers by executing and delivering to the Committee and the Trustee, a notice of termination, specifying the date of termination.

  • H4 Consequences of Expiry or Termination Where the Authority terminates the Contract under clause F5.5 (Remedies in the Event of Inadequate Performance) or clause H2 (Termination on Default) and then makes other arrangements for the supply of Services, the Authority may recover from the Contractor the cost reasonably incurred of making those other arrangements and any additional expenditure incurred by the Authority throughout the remainder of the Contract Period. The Authority shall take all reasonable steps to mitigate such additional expenditure. Where the Contract is terminated under clause F5.5 or clause H2 (Termination on Default), no further payments shall be payable by the Authority to the Contractor until the Authority has established the final cost of making those other arrangements.

  • Term; Termination of Agreement This Agreement shall continue in force for a period of one year from the date hereof, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. It is the duty of the Independent Directors to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

  • Complete Disposal Upon Termination of Service Agreement Upon Termination of the Service Agreement Provider shall dispose or delete all Student Data obtained under the Service Agreement. Prior to disposition of the data, Provider shall notify LEA in writing of its option to transfer data to a separate account, pursuant to Article II, section 3, above. In no event shall Provider dispose of data pursuant to this provision unless and until Provider has received affirmative written confirmation from LEA that data will not be transferred to a separate account.

  • Procedure Upon Termination (a) Notice of any termination pursuant to clause (i) of Section 9.30(a), specifying the Distribution Date upon which the final distribution shall be made, shall be given promptly by the Special Servicer to the Trustee and the Certificate Administrator no later than the later of (i) five (5) Business Days after the final payment or other liquidation of the last Mortgage Loan or (ii) the sixth (6th) day of the month in which the final Distribution Date will occur. Upon any such termination, the rights and duties of the Special Servicer (other than the rights and duties of the Special Servicer pursuant to Sections 9.8, 9.21, 9.23, 9.24 and 9.28 hereof) shall terminate and the Special Servicer shall transfer to the Master Servicer the amounts remaining in each REO Account and shall thereafter terminate each REO Account and any other account or fund maintained with respect to the Specially Serviced Mortgage Loans. (b) On the date specified in a written notice of termination given to the Special Servicer pursuant to clause (ii) of Section 9.30(a), all authority, power and rights of the Special Servicer under this Agreement, whether with respect to the Specially Serviced Mortgage Loans or otherwise, shall terminate, subject to the Special Servicer’s right to receive compensation and indemnification as expressly provided herein, as well as the benefit of any other rights that survive termination hereunder; provided, that in no event shall the termination of the Special Servicer be effective until the Trustee or other successor Special Servicer shall have succeeded the Special Servicer as successor Special Servicer, notified the Special Servicer of such designation, and such successor Special Servicer shall have assumed the Special Servicer’s obligations and responsibilities, as set forth in an agreement substantially in the form hereof, with respect to the Specially Serviced Mortgage Loans. The Trustee or other successor Special Servicer may not succeed the Special Servicer as Special Servicer until and unless it has satisfied the provisions that would apply to a Person succeeding to the business of the Special Servicer pursuant to Section 9.20 hereof and otherwise complies with Section 9.30(g). The Trustee is hereby authorized and empowered to execute and deliver, on behalf of the Special Servicer, as attorney-in-fact or otherwise, any and all documents and other instruments, and to do or accomplish all other acts or things necessary or appropriate to effect the purposes of such notice of termination. The Special Servicer agrees to cooperate with the Trustee in effecting the termination of the Special Servicer’s responsibilities and rights hereunder as Special Servicer including, without limitation, providing the Trustee all documents and records in electronic or other form reasonably requested by it to enable the successor Special Servicer designated by the Trustee to assume the Special Servicer’s functions hereunder and to effect the transfer to such successor for administration by it of all amounts which shall at the time be or should have been deposited by the Special Servicer in any REO Account and any other account or fund maintained or thereafter received with respect to the Specially Serviced Mortgage Loans. On the date specified in a written notice of termination given to the Special Servicer pursuant to clause (ii) of Section 9.30(a), all authority, power and rights of the Special Servicer under this Agreement with respect to the applicable Serviced Pari Passu Mortgage Loan, whether such Mortgage Loan is a Specially Serviced Mortgage Loan or otherwise, shall terminate. The Trustee is hereby authorized and empowered to execute and deliver, on behalf of the Special Servicer, as attorney-in-fact or otherwise, any and all documents and other instruments, and to do or accomplish all other acts or things necessary or appropriate to effect the purposes of such notice of termination.

  • CONDITIONS OF SETTLEMENT, EFFECT OF DISAPPROVAL, CANCELLATION OR TERMINATION 9.1. The Effective Date of this Settlement Agreement shall not occur unless and until each and every one of the following events occurs: (a) This Agreement has been signed by the Parties and Class Counsel, and the individual settlement agreements with Xxxxxxxxx Xxxxx, the heirs of Xxxxx Xxxxx, Xxxxxx Xxxxxxxxx, and Xxxxxx Xxxxxxxx-Xxx have been fully executed; (b) The Court has entered an order granting Preliminary Approval of the Agreement; (c) The Court has entered a Final Approval Order finally approving the Agreement, or a judgment substantially consistent with this Settlement Agreement that has become final and unappealable, following Notice and a Final Approval Hearing, as provided in the Federal Rules of Civil Procedure; and (d) In the event that the Court enters an approval order and final judgment in a form other than that provided above (“Alternative Approval Order”) to which the Parties have consented, that Alternative Approval Order has become final and unappealable. 9.2. If some or all of the conditions specified in Paragraph 9.1 are not met, or in the event that this Settlement Agreement is not approved by the Court, or the settlement set forth in this Agreement is terminated or fails to become effective in accordance with its terms, then this Settlement Agreement shall be canceled and terminated subject to Paragraph 9.3, unless Class Counsel and Defendant’s Counsel mutually agree in writing to proceed with this Agreement. If any Party is in material breach of the terms hereof, any other Party, provided that it is in substantial compliance with the terms of this Agreement, may terminate this Agreement on notice to all other Parties. Notwithstanding anything herein, the Parties agree that the Court’s decision as to the amount of the Illinois Fee Award and Ohio Fee Award to Class Counsel set forth above or the incentive award to the Class Representatives, regardless of the amounts awarded, shall not prevent the Agreement from becoming effective, nor shall it be grounds for termination of the Agreement. 9.3. If this Agreement is terminated or fails to become effective for the reasons set forth in Paragraphs 6.1, 6.2, 9.1, or 9.2 above, the Parties shall be restored to their respective positions in the Action as of the date of the signing of this Agreement. In such event, any Final Approval Order or other order entered by the Court in accordance with the terms of this Agreement shall be treated as vacated, nunc pro tunc, and the Parties shall be returned to the status quo ante with respect to the Actions as if this Agreement had never been entered into, including Defendant’s right to seek to compel arbitration as to the Plaintiffs named in the Second Amended Complaint. 9.4. In the event the Settlement is terminated or fails to become effective for any reason, the Illinois Settlement Fund and Ohio Settlement Fund, together with any earnings thereon at the same rate as earned, less any taxes paid or due, less Settlement Administrative Expenses actually incurred and paid or payable from the Settlement Fund, shall be returned to Defendant or its Insurer within thirty (30) calendar days after written notification of such event in accordance with instructions provided by Defendant’s Counsel to the Settlement Administrator.

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