Revocation of Grant. No later than forty-five (45) days after the Grant Date (the “Acceptance Date”), you must formally accept and agree to the terms and conditions of the Option as set forth in this Agreement. You must do so (a) electronically, if you are directed to do so at the time your Option is formally communicated to you and you receive a copy of this Agreement, or (b) by returning a signed copy of this Agreement to the Manager of Executive Rewards in the Human Resources Department, 000 Xxxx Xxxxxx, XX-00, Xxxxxxxxxx, XX 00000 so that it is received no later than the close of business on the Acceptance Date. If you do not accept and agree to the terms and conditions of the Option as set forth in this Agreement by the Acceptance Date, the Option evidenced hereby shall be null and void, and shall be deemed to have been revoked, on the first business day following the Acceptance Date. If the 45th day after the Grant Date is not a business day, the Acceptance Date will be the first business day after such 45th day. A business day is any day other than a Saturday, a Sunday, or a day on which the Company’s banking offices in Connecticut are not scheduled to be open for business.
Revocation of Grant. In any event, upon the execution by both the Owner and the City of the Subdivision Agreement contemplated herein and the posting of such payments and securities by the Owner as may be required thereunder, this Agreement, along with the grant of permission accorded herein, shall be automatically revoked, and any unexpended portion of the Deposit shall be returned to the Owner forthwith.
Revocation of Grant. 26. The Trust may revoke the grant by notice given to you in writing by the Trust, if you:
Revocation of Grant. Should the Borrower fail to complete the renovations necessary to prepare one floor of the Property for full office operations by the Northern Pennsylvania Regional College by December 31, 2018, the Borrower shall forfeit and repay the Grant of One-Hundred Thousand Dollars ($100,000.00) to the Lender within thirty (days) of default unless the Borrower can prove, to the satisfaction of the Lender, by clear and convincing evidence, that these funds were in fact utilized for permanent improvements to the Property.
Revocation of Grant. The Town may demand that any portion of the Grant not forgiven pursuant to Section 2.3 above, together with any accrued interest thereon, to become immediately due and payable. The Town may proceed to enforce payment of the indebtedness and to exercise any or all rights afforded to the Town as a creditor and secured party under the law including the Uniform Commercial Code. Grantee is liable to pay the Town on demand all reasonable expenses, costs and fees (including, without limitation, reasonable attorney's fees and expenses) paid or incurred by the Town in connection with the collection of the Grant and the preservation, maintenance, protection, sale, or other disposition of the security given for the Grant.
Revocation of Grant. The Secretary may revoke the grant if the Board fails to comply with the terms of this Agreement. If the Secretary revokes the grant, the Board must provide restitution to the Secretary for the funds expended and return any unused funds within 30 days.
