Principal’s Right to Terminate Immediately Sample Clauses

Principal’s Right to Terminate Immediately. The Principal may terminate this Agreement immediately upon giving the other Party a written notice of termination explaining, in reasonable detail, the reason for termination, if: (a) CEF Co-financing for further financing of the Service are not available to the Principal fully or partly; In such a case, the Principal shall pay the Service Provider the fees in respect of the Service provided under this Agreement up to the date of the notification of the termination of this Agreement and the Principal is not obliged to pay contractual or any other penalty or damages to the Service Provider. (b) it is not possible to execute the Agreement due to the application of international or national sanctions, or European Union or North Atlantic Treaty Organization applied sanctions significantly affecting interests of financial or capital market.
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Principal’s Right to Terminate Immediately. The Principal may terminate this Agreement immediately upon giving the other Party a written notice of termination if the CEF Co-financing for further financing of the Services is not available to the Principal. In such a case, the Principal shall pay the Service Provider the fees in respect of the Services provided under this Agreement up to the date of the notification of the termination of this Agreement and the Principal is not obliged to pay contractual or any other penalty or Damages to the Service Provider.
Sample 1
Principal’s Right to Terminate Immediately. The Principal’s may terminate this Agreement immediately upon giving the Contractor a written notice of termination explaining, in reasonable detail, the reason for termination, if: (a) CEF Co-financing for further financing of the Services are not available to the Principal fully or partly; (b) breach by the Contractor any of the undertakings under Clause 7.5; In case of Clause 12.3.2 (a); (b), the Principal shall pay the Contractor the fees in respect of the Services provided under this Agreement up to the date of the notification of the termination of this Agreement and the Principal is not obliged to pay contractual or any other penalty or Damages to the Contractor. (c) it is not possible to execute the Agreement due to the application of international or national sanctions, or European Union or North Atlantic Treaty Organization applied sanctions significantly affecting interests of financial or capital market.
Sample 1Sample 2
Principal’s Right to Terminate Immediately. The Principal may terminate this Agreement immediately upon giving the other Party a written notice of termination explaining, in reasonable detail, the reason for termination, if: (a) CEF co-funding for further financing of the Services is not available to the Beneficiary fully or partly; In such a case, the Beneficiary shall pay the Contractor the fees in respect of the Services provided under this Agreement up to the date of the notification of the termination of this Agreement and the Beneficiary is not obliged to pay contractual or any other penalty or Damages or Costs to the Contractor. (b) it is not possible to execute the Agreement due to the application of international or national sanctions, or European Union or North Atlantic Treaty Organization applied sanctions significantly affecting interests of financial or capital market. (c) in case if the proposed time schedule described in Annex C: Schedule of Services is breached; (d) breach by the Contractor of any of the confidentiality undertakings contained under Section 15 Confidentiality.
Sample 1
Principal’s Right to Terminate Immediately. The Principal may terminate this Agreement immediately upon giving the other Party a written notice of termination explaining, in reasonable detail, the reason for termination, if: (a) CEF co-funding for further financing of the Services is not available to the Principal fully or partly, or the Principal, its successor or assignee to whom the Contract has been assigned in accordance to Clause 20.7 has decided not to proceed with the Services except for the Phase 1, Investigation Services; In such a case, the Principal shall pay the Contractor the fees in respect of the Services provided under this Agreement up to the date of the notification of the termination of this Agreement and the Principal is not obliged to pay contractual or any other penalty or Damages to the Contractor. (b) it is not possible to execute the Agreement due to the application of international or national sanctions, or European Union or North Atlantic Treaty Organization applied sanctions significantly affecting interests of financial or capital market. (c) in case, if the proposed time schedule described in Annex C: Schedule of Services is breached; (d) breach by the Contractor any of the confidentiality undertakings contained under Section 16 Confidentiality.
Sample 1
Principal’s Right to Terminate Immediately. The Principal may terminate this Agreement or the particular Assignment Order immediately upon giving the AsBo a written notice of termination explaining, in reasonable detail, the reason for termination, if: (a) CEF Co-financing for further financing of the Services are not available to the Principal or either of the Implementing Body fully or partly; (b) breach by the AsBo any of the confidentiality undertakings contained in Section XVII. Confidentiality or the undertakings under Clause 8.8 and Clause 8.9; In case of Clause 13.3.2 (a); (b), the Principal or the respective Implementing Body shall pay the AsBo the Fees in respect of the Services provided under this Agreement up to the date of the notification of the termination of this Agreement and the Principal or the respective Implementing Body is not obliged to pay contractual or any other penalty or Damages to the AsBo; (c) it is not possible to execute the Agreement due to the application of international or national sanctions, or European Union or North Atlantic Treaty Organization applied sanctions significantly affecting interests of financial or capital market.
Sample 1
Principal’s Right to Terminate Immediately. The Principal may terminate this Agreement or the particular Assignment Order immediately upon giving the Contractor a written notice of termination explaining, in reasonable detail, the reason for termination, if: 12.7.1 CEF Co-financing for further financing of the Services are not available to the Principal or either of the Beneficiary representative fully or partly; 12.7.2 breach by the Contractor any of the confidentiality undertakings contained in Section XIII or the undertakings under Clause 7.8 and Clause 7.9; In case of Clause 12.7.1 and 12.7.2, the Principal or the respective Beneficiary representative shall pay the Contractor the fees in respect of the Services provided under this Agreement up to the date of the notification of the termination of this Agreement and the Principal or the respective Beneficiary representative is not obliged to pay contractual or any other penalty or Damages to the Contractor; 12.7.3 it is not possible to execute the Agreement due to the application of international or national sanctions, or European Union or North Atlantic Treaty Organization applied sanctions significantly affecting interests of financial or capital market.
Sample 1
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Principal’s Right to Terminate Immediately. The Principal may terminate this Agreement or the particular Assignment Order immediately upon giving the AsBo a written notice of termination explaining, in reasonable detail, the reason for termination, if: CEF Co-financing for further financing of the Services are not available to the Principal or either of the Implementing Body fully or partly; breach by the AsBo any of the confidentiality undertakings contained in Section XVII or the undertakings under Clause 8.8 and Clause 8.9; In case of Clause 13.3.2 (a); (b), the Principal or the respective Implementing Body shall pay the AsBo the fees in respect of the Services provided under this Agreement up to the date of the notification of the termination of this Agreement and the Principal or the respective Implementing Body is not obliged to pay contractual or any other penalty or Damages to the AsBo; it is not possible to execute the Agreement due to the application of international or national sanctions, or European Union or North Atlantic Treaty Organization applied sanctions significantly affecting interests of financial or capital market.
Sample 1

Related to Principal’s Right to Terminate Immediately

  • Right to Terminate Agreement 21.1 Notwithstanding any other provision of this Agreement, if either Party (a) fails to comply with any of the material terms or conditions of the Agreement; (b) sells or transfers all or substantially all of its assets; (c) enters into any voluntary or involuntary bankruptcy proceeding or receivership; or (d) makes a general assignment for the benefit of its creditors, then the other Party shall have the right, without prejudice to any other right or remedy and after giving five (5) Days’ written prior notice to the other Party and a reasonable opportunity for cure (not to exceed thirty (30) days in the case of a failure to pay amounts when due), to terminate this Agreement, in whole or in part, and thereupon each Party shall immediately discontinue its performance hereunder to the extent feasible and make every reasonable effort to procure cancellation of existing commitments, orders and contracts upon terms that are reasonably expected to minimize all associated costs. However, nothing herein will restrict Company’s ability to complete aspects of the Work that Company must reasonably complete in order return its facilities and the Sites to a configuration in compliance with Good Utility Practice and all applicable laws, codes, regulations and standards. 21.2 If the event of any early termination or cancellation of the Work as contemplated in this Agreement, Customer shall pay Company the Company Reimbursable Costs for: a. all Work completed on or before the effective date of termination or cancellation; b. other costs reasonably incurred by Company in connection with the Work prior to Company’s receipt of the termination or cancellation notice for materials, equipment, tools, construction equipment and machinery, engineering and other items, materials, assets or services which cannot reasonably be avoided, mitigated or cancelled; c. costs reasonably incurred to unwind Work performed prior to Company’s receipt of the termination or cancellation notice to the extent reasonably necessary to return Company’s facilities and the Sites to a configuration in compliance with Good Utility Practice and all applicable laws, codes, regulations and standards, including, without limitation, applicable North American Electric Reliability Council and Northeast Power Coordinating Council protection; and d. reasonable demobilization expenses incurred by Company which cannot be reasonably avoided or mitigated.

  • Right to Terminate Sale In the event that the property as stated in the Proclamation of Sale is not the property as described under the security documents executed by the Assignor/Borrower or otherwise different from such property as assigned to the Assignee/Bank by the Assignor/Borrower, the Assignee/Bank shall be entitled to terminate the sale and the bidding deposit paid shall be refunded to the Successful Purchaser(s). The Successful Purchaser(s) shall have no claims whatsoever against the Assignee/Bank, their Solicitors or the Auctioneer or any compensation in respect thereof.

  • Right to Terminate Either Party may unilaterally terminate this Annex by providing thirty (30) calendar days written notice to the other Party.

  • 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: (a) upon Executive’s death; (b) upon Executive’s Disability; (c) for Cause; or (d) at any time, for any other reason whatsoever, in the sole discretion of the Board.

  • Our Right to Terminate We may terminate this Agreement and close your account at any time by giving you 30 days’ written notice; this right is in addition to any other rights to terminate this Agreement or close your account that we may have under this Agreement.

  • Your Right to Terminate You may also terminate this Client Agreement or close your Account at any time by giving us written notice. Your Account will be closed as soon as reasonably practicable after we have received notice, all open Positions are closed, Orders are cancelled, and all of your obligations are discharged.

  • Right to Terminate Following Termination Event Sections 6(b)(ii)-(iv) are deleted in their entirety and replaced by the following:

  • Right to Terminate Employment No provision of this Agreement shall limit in any way whatsoever any right that the Company or a Subsidiary may otherwise have to terminate the employment of the Grantee at any time. Nothing herein shall be deemed to create a contract or a right to employment with respect to the Grantee.

  • 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).

  • 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:

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