Reciprocal Termination Rights Sample Clauses

Reciprocal Termination Rights. Either IVAX DIAGNOSTICS or SIGMA may terminate this Agreement for cause immediately by written notice upon the occurrence of any of the following events:
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Reciprocal Termination Rights. Either party may terminate a PO where the other party is (i) entering into an arrangement or order being made for winding up of the other party; or (ii) insolvent or has an administrator or a receiver and manager appointed.
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Reciprocal Termination Rights. By the board of directors, or a duly authorized committee of the board, of either Acquiror or the Company at any time after the date that (i) holders of a majority of the shares of Company Common Stock present, in person or by proxy, at the Stockholder Meeting vote against adoption of this Agreement or expressly abstain from voting; (ii) any governmental consent or approval specified in Subsection 6.1(c) (Consents) is denied by final order; or (iii) either Acquiror or Company is subject to any order, decree, or injunction of a court or agency of competent jurisdiction which permanently enjoins or prohibits the consummation of the Merger.
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Reciprocal Termination Rights. (a) If the Premises are damaged or destroyed, in whole or in part, by a fire or other casualty ("Casualty"), Landlord shall obtain the determination of Landlord's Architect (as defined in Section 20.4 hereof) of the Estimated Repair Period (as defined in Section 20.3 hereof) on or before the Determination Date (as also defined in Section 20.3 hereof). Unless this Lease is terminated by Landlord or Tenant pursuant to this Section 20, Landlord shall repair and restore the Premises, subject to and as provided in Section 20.3 hereof, within the Estimated Repair Period in each case. For purposes of this Section 20, and the time periods referenced herein, the date of the related Casualty is herein referred to as the "Damage Date."
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Reciprocal Termination Rights. Upon the occurrence of any of the following, a party may terminate, by giving written notice to the other party, any Purchase Agreement with respect to any undelivered Aircraft covered by such Purchase Agreement:
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Reciprocal Termination Rights. Either party shall be entitled to terminate this Agreement with immediate effect by giving notice to the other in the event that the other commits a material breach of any of its obligations under this Agreement (including persistent failure to comply with any obligation under this Agreement) which (if the breach is capable of remedy) the other party has failed to remedy within 14 days after receipt of notice in writing giving particulars of the breach and requiring the other party to do so. Notice of termination pursuant to this Condition 12.2 shall be given within 30 days of the breach in question or, if the breach is capable of remedy, within 30 days of the expiry of the above mentioned period of 14 days, as to which time shall be of the essence.
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Related to Reciprocal Termination Rights

  • Other Termination Rights This Agreement may be terminated at any time prior to the Closing by the applicable party if and to the extent permitted in Part V of Appendix B.

  • Additional Termination Rights In addition to any right to terminate this Agreement under the provisions of this Section 16, either party shall have the further right to terminate this Agreement, upon delivery of written notice to the Agent, upon the occurrence of any of the following:

  • Termination Rights This Agreement may be terminated at any time prior to the Closing:

  • Termination Right The Representative shall have the right to terminate this Agreement at any time prior to any Closing Date, (i) if any domestic or international event or act or occurrence has materially disrupted, or in its opinion will in the immediate future materially disrupt, general securities markets in the United States; or (ii) if trading on any Trading Market shall have been suspended or materially limited, or minimum or maximum prices for trading shall have been fixed, or maximum ranges for prices for securities shall have been required by FINRA or by order of the Commission or any other government authority having jurisdiction, or (iii) if the United States shall have become involved in a new war or an increase in major hostilities, or (iv) if a banking moratorium has been declared by a New York State or federal authority, or (v) if a moratorium on foreign exchange trading has been declared which materially adversely impacts the United States securities markets, or (vi) if the Company shall have sustained a material loss by fire, flood, accident, hurricane, earthquake, theft, sabotage or other calamity or malicious act which, whether or not such loss shall have been insured, will, in the Representative’s opinion, make it inadvisable to proceed with the delivery of the Securities, or (vii) if the Company is in material breach of any of its representations, warranties or covenants hereunder, or (viii) if the Representative shall have become aware after the date hereof of such a material adverse change in the conditions or prospects of the Company, or such adverse material change in general market conditions as in the Representative’s judgment would make it impracticable to proceed with the offering, sale and/or delivery of the Securities or to enforce contracts made by the Underwriters for the sale of the Securities.

  • Waiver of Termination Rights The Employee waives any and all rights to compensation or damages as a result of a Termination, insofar as those rights result or may result from: (a) the loss or diminution in value of such rights or entitlements under the Program; or (b) the Employee ceasing to have rights, or ceasing to be entitled to any Awards under the Program as a result of such Termination.

  • Waiver of Termination Right Landlord and Tenant agree that the foregoing provisions of this Paragraph 20 are to govern their respective rights and obligations in the event of any damage or destruction and supersede and are in lieu of the provisions of any applicable law, statute, ordinance, rule, regulation, order or ruling now or hereafter in force which provide remedies for damage or destruction of leased premises (including, without limitation, to the extent the Premises are located in California, the provisions of California Civil Code Section 1932, Subsection 2, and Section 1933, Subsection 4 and any successor statute or laws of a similar nature).

  • Buyer’s Termination Right If, prior to Closing and the delivery of possession of the Property to Buyer in accordance with this Contract, (a) any condemnation proceeding shall be pending against a substantial portion of the Hotel or (b) there is any substantial casualty loss or damage to the Hotel, Buyer shall have the option to terminate this Contract, provided Buyer delivers written notice to Seller of its election within twenty (20) days after the date Seller has delivered Buyer written notice of any such loss, damage or condemnation as provided above, and in such event, the Xxxxxxx Money Deposit, and any interest thereon, shall be delivered to Buyer and thereafter, except as expressly set forth herein, no party shall have any further obligation or liability to the other under this Contract. In the context of condemnation, “substantial” shall mean condemnation of such portion of a Hotel (or access thereto) as could, in Buyer’s reasonable judgment, render use of the remainder impractical or unfeasible for the uses herein contemplated, and, in the context of casualty loss or damage, “substantial” shall mean a loss or damage in excess of One Hundred Thousand and No/100 Dollars ($100,000.00) in value.

  • Landlord’s Termination Right Whether or not the Premises are affected, Landlord may, by notice to Tenant, within 60 days following the date upon which Landlord receives notice of the Taking of all or a portion of the Real Property, the Building or the Premises, terminate this Lease, provided that Landlord elects to terminate leases (including this Lease) affecting at least 50% of the rentable area of the Building.

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