Reasons for Immediate Termination Sample Clauses

Reasons for Immediate Termination. This Contract shall automatically terminate in the following situations, in which event (other than subclause (d) below) the Parties shall, subject to Clause 19.3, cause the directors appointed by them to resolve to liquidate the Company as soon as practicable after termination of this Contract in accordance with Clause 19.4, and file with the competent authorities as required by law. (a) This Contract shall terminate upon the expiration of the Joint Venture Term, unless extended pursuant to Clause 18.2; (b) If any Party or the Company becomes bankrupt, insolvent or becomes the subject of proceedings for liquidation or dissolution, or ceases to carry on business for a period of six (6) months, or becomes unable to pay its debts as they become due, this Contract shall terminate upon the occurrence of any of the foregoing event; (c) If the Parties have reached a mutual agreement on the immediate termination of this Contract, this Contract shall terminate upon such agreement; or (d) This Contract shall automatically terminate after any Party becomes the sole shareholder of the Company.
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Related to Reasons for Immediate Termination

  • Termination In the event that either Party seeks to terminate this DPA, they may do so by mutual written consent so long as the Service Agreement has lapsed or has been terminated. Either party may terminate this DPA and any service agreement or contract if the other party breaches any terms of this DPA.

  • Dimensions Education Bachelor’s or Master’s Degree in Computer Science, Information Systems, or other related field. Or equivalent work experience. A minimum of 5 years of IT work experience with demonstrated knowledge in architecture design, software development, database management systems and systems integration in multi-platform environments.

  • IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the date first above written.

  • Indemnification Notwithstanding any contrary provision contained in this Agreement, any election hereunder or any termination of this Agreement, and whether or not this Agreement is otherwise carried out, the provisions of Section 5 shall not be in any way affected by such election or termination or failure to carry out the terms of this Agreement or any part hereof.

  • WHEREAS the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection with the issuance, registration, transfer, exchange, redemption and exercise of the Warrants; and

  • Insurance The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage. Neither the Company nor any Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.

  • Survival The representations and warranties contained herein shall survive the Closing and the delivery of the Securities.

  • Representations and Warranties Borrower represents and warrants as follows:

  • Entire Agreement This DPA and the Service Agreement constitute the entire agreement of the Parties relating to the subject matter hereof and supersedes all prior communications, representations, or agreements, oral or written, by the Parties relating thereto. This DPA may be amended and the observance of any provision of this DPA may be waived (either generally or in any particular instance and either retroactively or prospectively) only with the signed written consent of both Parties. Neither failure nor delay on the part of any Party in exercising any right, power, or privilege hereunder shall operate as a waiver of such right, nor shall any single or partial exercise of any such right, power, or privilege preclude any further exercise thereof or the exercise of any other right, power, or privilege.

  • Miscellaneous The Vendor acknowledges and agrees that continued participation in TIPS is subject to TIPS sole discretion and that any Vendor may be removed from the participation in the Program at any time with or without cause. Nothing in the Agreement or in any other communication between TIPS and the Vendor may be construed as a guarantee that TIPS or TIPS Members will submit any orders at any time. TIPS reserves the right to request additional proposals for items or services already on Agreement at any time.

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