Release of Contract Sample Clauses

Release of Contract. During the contract duration, the student may be released, at the College’s sole discretion, from the contract for the following reasons: A) Official withdrawal from the College or withdrawal from the day school program and entrance into the evening school program. B) Graduation. C) Dismissal from the residence hall or College. D) Non-acceptance to the residence hall or College. E) Inability to make payments to the College. F) The room becomes uninhabitable due to a fire or another casualty. G) The College is unable to provide housing. H) Marriage. I) Military service. J) Serious illness or injury. K) Death in the immediate family. L) Counseling considerations (documentation may be needed). A written housing cancellation request must be submitted for all reasons other than graduation and if the College is unable to provide housing. Contract cancellation charges apply to each of these circumstances except for letters B, C, D, E & G listed above.
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Release of Contract. A teacher under contract to the Emerado School District #127 and who wishes to be released from the contract before the start of the upcoming school year may be released from the contract upon payment of a penalty. Penalties for breaking contract are as follows:
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Release of Contract. SECTION A: Time of Release Teachers requesting release from their contract during the summer shall be granted the release at any time providing the replacement fee is paid. Teachers requesting release from their contract during the school year shall be granted the release at any time providing a licensed replacement can be hired and the replacement fee is paid.
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Release of Contract. There shall be no penalty for release by the Superintendent from this Contract so long as the resignation becomes effective at the end of the remaining term of the Contract.
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Release of Contract. An employee under contract shall be released from the obligation of the contract upon request under the following conditions: A letter of resignation must be submitted to the Superintendent’s office. A release from contract, prior to July 1, shall be granted provided a letter of resignation is submitted prior to that date. A release from contract shall be granted after July 1, subject to availability of a suitable replacement.
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Release of Contract. 22.1 Party A is entitled to release or terminate the contract under the followings:
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Related to Release of Contract

  • Release of Guaranty The Note Guaranty of a Guarantor will terminate upon

  • Release of Funds On the Redemption Date, the outstanding Note Balance of the Notes plus accrued and unpaid interest on the Notes will become due and payable and that interest on the Notes will cease to accrue from and after the Redemption Date, unless the Issuer fails to pay the Notes on the Redemption Date. On redemption, the Indenture Trustee will release the Collateral from the Lien of this Indenture and release to the Issuer or any other Person entitled to funds then in the Bank Accounts under this Indenture according to Section 8.4(c).

  • Release of Guarantee The Note Guarantees hereunder may be released in accordance with Section 10.2 of the Indenture.

  • Release of Lien (a) The Issuer shall be entitled to obtain a release from the Lien of the Indenture for any Timeshare Loan purchased, repurchased or substituted under Section 4.6 hereof, (i) upon satisfaction of each of the applicable provisions of Section 4.6 hereof, (ii) in the case of any purchase or repurchase, after a payment by the Depositor of the Repurchase Price of the related Timeshare Loan, and (iii) in the case of any substitution, after payment by the Depositor of the applicable Substitution Shortfall Amounts, if any, pursuant to Section 4.6 hereof.

  • Release of a Guarantor (a) Upon (i) the sale or disposition of the Capital Stock of a Guarantor (other than the Company) by the Company in compliance with Section 4.16 or the consolidation or merger of a Guarantor with or into any Person in compliance with Article 5, in each case, (A) other than to the Company or a Restricted Subsidiary of the Company and (B) in a transaction following which the applicable Guarantor is no longer a Restricted Subsidiary or (ii) the liquidation or dissolution of any Guarantor (other than the Company) in accordance with this Indenture, such Guarantor’s Guarantee pursuant to this Article 10 shall be released, and such Guarantor shall be deemed released from all Obligations under this Indenture and the Securities without any further action required on the part of the Trustee or any Holder. Any Guarantor not so released or the entity surviving such Guarantor, as applicable, shall remain or be liable under its Guarantee as provided in this Article 10. Concurrently with the defeasance or satisfaction and discharge of the Securities under Article 8 hereof, the Guarantors shall be released from all of their obligations under this Indenture and the Securities. In addition, a Guarantor’s Guarantee will also be released and such Guarantor will also be released from all Obligations under this Indenture and the Securities (x)(1) if such Guarantor is released from any and all guarantees of Indebtedness of the Issuer and the Company and (2) if such Guarantor will remain a Subsidiary of the Company, it has no other outstanding Indebtedness other than Indebtedness which could be incurred by a Restricted Subsidiary that is not a Guarantor of the Securities on the date of the proposed release of such Guarantor’s Guarantee, (y) if the Company designates such Guarantor to be an Unrestricted Subsidiary in accordance with Section 4.03 and the definition of “Unrestricted Subsidiary” or (z) the Issuer exercises its Legal Defeasance option or Covenant Defeasance option as described in Section 8.02 or if the Issuer’s obligations under this Indenture are discharged in accordance with the terms hereof.

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