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.
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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.
Release of Contract. SECTION A: Time of Release
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: 1). on or before May 31st No penalty 2). On or before June 30th $250.00
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.
Release of Contract. Party A is entitled to release or terminate the contract under the followings:
Release of Contract. The Board of Education will approve requests from permanent (tenured) teachers 14 for release of contract provided the requests are made on or before June 1 15 preceding the effective date of the contract. If requests for release of contract are 16 submitted after June 1, the Board of Education will consider release of contract 17 for the following reasons only:
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Related to Release of Contract

  • Release of Guarantee This Guarantee shall 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. (b) The Issuer shall be entitled to obtain a release from the Lien of the Indenture for any Timeshare Loan which has been paid in full. (c) In addition, at the written direction of the Servicer, on any Payment Date if (i) Available Funds are sufficient to pay the Required Payments, (ii) the amount on deposit in the General Reserve Account is at least equal to the General Reserve Account Required Balance, (iii) the amount on deposit in the Force Majeure Loan Reserve Account is at least equal to the Force Majeure Required Reserve Amount, (iv) no Event of Default has occurred and is continuing, (v) the Optional Purchase Limit is greater than zero and (vi) the Aggregate Outstanding Note Balance is not greater than the Principal Advance Rate Percentage times the sum of the Aggregate Loan Balance and the Prefunding Loan Balance, the Indenture Trustee shall release or shall consent to the release of Defaulted Timeshare Loans that have not been purchased, repurchased or substituted under Section 4.6 hereof from the Lien of the Indenture, without additional payment. (d) In connection with (a), (b) and (c) above, the Issuer and Indenture Trustee will execute and deliver such releases, endorsements and assignments as are provided to it by the Depositor, in each case, without recourse, representation or warranty, as shall be necessary to vest in the Depositor or its designee, the legal and beneficial ownership of each Timeshare Loan being released pursuant to this Section 4.7. The Servicer shall deliver a Request for Release to the Custodian with respect to the related Timeshare Loan Files and Timeshare Loan Servicing Files being released pursuant to this Section 4.7, and such files shall be transferred to the Depositor or its designee.

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