Rescission and Cancellation Sample Clauses

Rescission and Cancellation. Other than pursuant to and in accordance --------------------------- with the Cardholder Guidelines, the Servicer shall not rescind or cancel any Receivable unless such rescission or cancellation shall have been ordered or directed by a Governmental Authority.
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Rescission and Cancellation. Both you and AOL Brasil may rescind or cancel your subscription at any time. You understand and agree that cancellation of your account is your sole right and solution with respect to any conflict with AOL Brasil. This includes, among other situations, any conflict in connection with or deriving from: (1) any term of this Agreement or demand or application of this Agreement on AOL's part; (2) any AOL policy or practice, including the Guidelines for the AOL Community and the AOL Privacy Policy, or the requirement or implementation of such policies; (3) the contents available through AOL or Internet or any changes in the contents provided by AOL; (4) your right to access and/or use AOL; or (5) the amount or types of monthly fees, rates, surcharges or methods of collection, or any changes in such monthly fees, rates, surcharges or methods of collection. You may cancel your subscription by notifying AOL Brasil's Subscription Department or sending your cancellation request by mail, addressed to: AOL Brasil Ltda. Xx. Xxxxxxxxxx 000 - 0/xx/ xx., CEP 09080-500 Xxxxx Xxxxx, SP, or by telephone (0xx11) 0000-0000, if you are located in the Greater Sao Paulo area, or (0xx11) 0800-787879 for other parts of Brazil. Cancellation shall be effective within 72 hours from the time of receipt of the notice, and AOL will send you a confirmation thereof in writing. If you cancel the account a few days before the due date and are inadvertently charged for the following month's fee, please contact the Subscriptions Department to have this amount reimbursed within up to three (3) business days. AOL Brasil reserves the right to collect monthly fees, surcharges or user costs pertaining to the period prior to cancellation of the subscription. In addition, you are responsible for any collections or expenses incurred with other suppliers and providers of contents before your account was cancelled. In the event that your account is rescinded or cancelled, no reimbursement shall be due, including any monthly fees; online time or other credits (e.g.: points for games online) shall not be credited to you, nor can they be converted to cash or another form of reimbursement. Active AOL subscribers may not allow that former subscribers or other individuals whose subscriptions have been cancelled use their accounts. Any accounts owing late or outstanding balances with the Community Action department or other AOL departments must be closed before you can subscribe again to AOL Brasil.
Rescission and Cancellation. As a condition to the Share Exchange, Softwall and Rxxxxxx Xxxxxxxx, the majority shareholder of Softwall, shall enter into a Consulting Agreement in the form attached hereto as Exhibit A (the "Consulting Agreement"), pursuant to which, in exchange for consulting services, Softwall shall (a) issue Mx. Xxxxxxxx a Promissory Note in the principal amount of $125,000.00 (the "Promissory Note"), in substantially the form attached to the Consulting Agreement as Exhibit 1; and (b) issue Mx. Xxxxxxxx 183,411 shares of Softwall Common Stock. In the event the Company becomes in "Default" (as defined in the Pxxxxxxx Note) under the Pxxxxxxx Note, Mx. Xxxxxxxx may, at his option, cancel and rescind the Share Exchange by delivering to the Chief Executive Officer of the Company, an executed written notice of the cancellation and rescission (the "Recession Notice"). If the Default is not cured within 5 days after receipt of the Rescission Notice, at the election of Mx. Xxxxxxxx, and with no action on the part of the Company, Softwall, Mx. Xxxxxxxx or the shareholders of the Company, (x) all Softwall Common Stock into which the Company Common Stock shall have converted shall automatically reconvert back into shares of Company Common Stock based on the reverse of the Conversion Ratio, (y) all shares of Company Common Stock issued to Softwall shall automatically be cancelled, and (z) the parties shall otherwise be restored to their relative positions as they existed prior to the Closing (the "Pxxxxxxx Option").

Related to Rescission and Cancellation

  • Rescission or Cancellation The Servicer shall not permit any rescission or cancellation of any Receivable except as ordered by a court of competent jurisdiction or other Governmental Authority or in accordance with the normal operating procedures of the Servicer.

  • Modification, Waiver, Termination and Cancellation No supplement, modification, termination, cancellation or amendment of this Agreement shall be binding unless executed in writing by both of the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions hereof (whether or not similar), nor shall such waiver constitute a continuing waiver.

  • Section 309 Cancellation All Securities surrendered for payment, redemption, registration of transfer or exchange or for credit against any sinking fund payment shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee and shall be promptly cancelled by it. The Company may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Company may have acquired in any manner whatsoever, and may deliver to the Trustee (or to any other Person for delivery to the Trustee) for cancellation any Securities previously authenticated hereunder which the Company has not issued and sold, and all Securities so delivered shall be promptly cancelled by the Trustee. No Securities shall be authenticated in lieu of or in exchange for any Securities cancelled as provided in this Section, except as expressly permitted by this Indenture. All cancelled Securities held by the Trustee shall be disposed of as directed by a Company Order.

  • Prepayment and Cancellation 8.1 Mandatory prepayment - illegality

  • No Rescission or Cancellation The Servicer shall not permit any rescission or cancellation of any Receivable except in accordance with the Credit Card Guidelines or as ordered by a court of competent jurisdiction or other Governmental Authority.

  • Debt Cancellation Borrower shall not cancel or otherwise forgive or release any claim or debt (other than termination of Leases in accordance herewith) owed to Borrower by any Person, except for adequate consideration and in the ordinary course of Borrower’s business.

  • Automatic cancellation The Commitment of each Lender will be automatically cancelled at the close of business on the last day of the Availability Period.

  • Rescission and Withdrawal Right Notwithstanding anything to the contrary contained in (and without limiting any similar provisions of) any of the other Transaction Documents, whenever any Purchaser exercises a right, election, demand or option under a Transaction Document and the Company does not timely perform its related obligations within the periods therein provided, then such Purchaser may rescind or withdraw, in its sole discretion from time to time upon written notice to the Company, any relevant notice, demand or election in whole or in part without prejudice to its future actions and rights.

  • Rescission At any time after any Notes have been declared due and payable pursuant to clause (b) or (c) of Section 12.1, the holders of not less than 51% in principal amount of the Notes then outstanding, by written notice to the Company, may rescind and annul any such declaration and its consequences if (a) the Company has paid all overdue interest on the Notes, all principal of and Make-Whole Amount, if any, on any Notes that are due and payable and are unpaid other than by reason of such declaration, and all interest on such overdue principal and Make-Whole Amount, if any, and (to the extent permitted by applicable law) any overdue interest in respect of the Notes, at the Default Rate, (b) all Events of Default and Defaults, other than non-payment of amounts that have become due solely by reason of such declaration, have been cured or have been waived pursuant to Section 17, and (c) no judgment or decree has been entered for the payment of any monies due pursuant hereto or to the Notes. No rescission and annulment under this Section 12.3 will extend to or affect any subsequent Event of Default or Default or impair any right consequent thereon.

  • Repudiation and rescission of agreements A Transaction Obligor (or any other relevant party) rescinds or purports to rescind or repudiates or purports to repudiate a Transaction Document or any of the Transaction Security or evidences an intention to rescind or repudiate a Transaction Document or any Transaction Security.

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