RIGHT TO RESILE Sample Clauses

RIGHT TO RESILE. The Agreement shall be subject to the following resolutive condition: 16.1. The Seller and/or Developer reserve the right to resile from this Agreement by 31 January 2017 in the event of insufficient sales of Properties or for any other reason making the development not feasible for the Developer. In such an event, the Seller and Developer shall not be liable to the Purchaser for any loss whatsoever. 16.2. In the event of the Seller and/or Developer resiling from this Agreement as contemplated in clause 16.1, any amounts paid towards the Purchase Price together with interest earned thereon shall be refunded to the Purchaser. 16.3. This clause 16 is inserted for the benefit of the Seller and/or Developer and they may waive the benefits arising from this clause at any time and in which event no agent fee will be payable.
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RIGHT TO RESILE. 17.1 Notwithstanding any provision to the contrary herein contained, at any time prior to 31 OCTOBER 2015, the Seller, in its sole discretion, shall have the right to resile from this Agreement, should the Seller be of the opinion that it has not achieved a sufficient velocity of sales to proceed with the development. 17.2 Should the Seller elect to resile from this Agreement, it shall give notice to the Purchaser to that effect, in which event this Agreement shall lapse and become null and void and all amounts paid by the Purchaser, together with interest on the deposit held in trust, shall be refunded to the Purchaser.
RIGHT TO RESILE. 21.1 The Seller reserves the right to resile from this agreement should insufficient sales in the development not be realised within 12 months of the expected date of transfer or for any other reason making the development not feasible to the Seller within or after the the said period. 21.2 Should the Seller elect to resile from this agreement it shall notify the Purchaser in writing in which event this agreement shall lapse and become null and void and all amounts paid by the Purchaser together with interest earned thereon shall be refunded to the Purchaser.
RIGHT TO RESILE. 3.1 The Purchaser acknowledges and accepts that the viability of the Scheme is dependent on, inter alia, the response by the public to the marketing campaign to be conducted by the Seller in respect thereof and the level of sales achieved by the Seller. Accordingly, notwithstanding any provision to the contrary in this Agreement, the Seller shall be entitled, should it determine, in its sole and absolute discretion, that the Scheme is not viable, on written notice to the Purchaser, to resile from this Agreement. 3.2 The Seller shall be entitled to exer cise its right in terms of clause 3.1 above, from the Signature Date up to and including 31 March 2020 subject to the aforementioned time period being extended in terms of clause 3.3 below, whereafter if the said right is not exercised, the right to resile from this Agreement shall lapse. 3.3 The Seller may extend the time period referred to in clause 3.2 above for a further period of 120 days, should the Seller require such extension of time, by the Seller giving the Purchaser notice to such effect, within 14 (fourteen) days of the expiry date, being 31 March 2020. 3.4 In the event of the Seller exercising its right contained in clause 3.2 above, timeously, this Agreement shall dissolve and shall no longer be of any force or effect, and the deposit together with any interest thereon and any other amounts paid by the Purchaser t hereto, shall be refunded to the Purchaser.
RIGHT TO RESILE. 27.1 Notwithstanding any provision to the contrary herein contained, within 6 (six) months from date of this agreement, the Seller in his sole discretion, shall have the right to resile from this Agreement, should the Seller be of the opinion that it has not achieved sufficient sales to proceed with the Development or should the Seller fail to obtain the necessary approvals from all competent authorities as may be required for the development comprising this scheme. Such aforementioned time period may be extended for a further period of 3 (three) months, should the Seller require such extension of time by the Seller giving the Purchaser notice to such effect. 27.2 Should the Seller elect to resile from this Agreement it shall give notice to the Purchaser to that effect, in which event this Agreement shall lapse and become null and void, and all amounts paid by the Purchaser together with interest earned thereon shall be refunded to the Purchaser. 27.3 Should the Seller fail to give the Purchaser timeous notice as referred to above, this agreement shall remain binding on the parties.
RIGHT TO RESILE. 26.1 Notwithstanding any provision to the contrary herein contained, at any time prior to 30th October 2011, the SELLER, in the SELLER'S sole discretion, shall have the right to resile from this Agreement, should the SELLER be of the opinion that it has not achieved a sufficient velocity of sales to proceed with the Development. Such aforementioned time period may be extended for a further period of 6 [SIX] months, should the SELLER require such extension of time. 26.2 Should the SELLER elect to resile from this Agreement it shall give notice to the PURCHASER to that effect in which event this Agreement shall lapse and become null and void, and all amounts paid by the PURCHASER together with interest earned thereon. 26.3 Notwithstanding anything to the contrary herein contained, it is specifically recorded that in the event of an objection/s to the development serving to delay its commencement and/or completion and which delay, in the SELLER'S sole discretion will be for a period longer than 3 (three) months, then and in such event the SELLER shall be entitled to an election of which 7 (seven) days written notice has been given to that effect, to either: - 26.3.1 cancel the contract as concluded by the PURCHASER whereupon any funds held by the SELLER'S conveyancer together with interest accrued thereon less wasted conveyancing costs due to the SELLER's conveyancers shall be refunded to the PURCHASER; or 26.3.2 inform the PURCHASER that the purchase price has been adjusted in consultation with the SELLER'S quantity surveyor taking the estimated delay of such commencement/completion into account provided that in these circumstances the PURCHASER shall thereupon himself have the right within 72 (seventy two) hours of receipt of the SELLER'S notice as referred to herein to: 26.3.2.1 agree to the cancellation of the agreement thereby entitling him to the refund of the deposit as set out in clause 26.3.1 above; or 26.3.2.2 agree to remain bound to the provisions of the agreement but at the adjusted purchase price.

Related to RIGHT TO RESILE

  • Right to Reject The Department reserves the right to accept or reject all proposals, or separable portions thereof, and to waive any minor irregularity, technicality, or omission if the Department determines that doing so shall serve the Department’s best interests. The Department may reject any proposal not submitted in the manner specified by the solicitation documents.

  • Right to Relet If the Landlord elects to re-enter the Demised Premises as herein provided, or if it takes possession pursuant to legal proceedings or pursuant to any notice provided for by law, it may either terminate this Lease or it may from time to time without terminating this Lease make such alterations and repairs as are necessary in order to relet the Demised Premises or any part thereof for such term or terms (which may be for a term extending beyond the Term) and at such Rent and upon such other terms, covenants and conditions as the Landlord in its sole discretion considers advisable. Upon each such reletting all rent received by the Landlord from such reletting shall be applied first, to the payment of any indebtedness other than Rent due hereunder from the Tenant to the Landlord; second, to the payment of any costs and expenses of such reletting, including brokerage fees, and solicitor’s fees and of costs of such alterations and repairs; third, to the payment of Rent due and unpaid hereunder; and the residue, if any, shall be held by the Landlord and applied in payment of future rent as the same becomes due and payable hereunder. If such Rent received from such reletting during any month is less than that to be paid during that month by the Tenant hereunder, the Tenant shall pay any such deficiency which shall be calculated and paid monthly in advance on or before the first day of each and every month. No such re-entry or taking possession of the Demised Premises by the Landlord shall be construed as an election on its part to terminate this Lease unless a written notice of such intention is given to the Tenant. Notwithstanding any such reletting without termination the Landlord may at any time thereafter elect to terminate this Lease for such previous breach. If the Landlord at any time terminates this Lease for any breach, in addition to any other remedies it may have, it may recover from the Tenant all damages it incurs by reason of such breach, including the cost of recovering the Demised Premises, solicitor’s fees (on a solicitor and client basis) and including the worth at the time of such termination of the excess, if any, of the amount of Rent and charges equivalent to Rent required to be paid pursuant to this Lease for the remainder of the stated Term over the then reasonable rental value of the Demised Premises for the remainder of the stated Term, all of which amounts shall be immediately due and payable by the Tenant to the Landlord. In any events referred to in Section 11.1(e), in addition to any and all other rights, including the rights referred to in this Section and in Section 11.1(e), the full amount of the current month’s instalment of Additional Rent and any other payments required to be made monthly hereunder, together with the next three months instalments for Additional Rent, all of which shall be deemed to be accruing due on a day-to-day basis, shall immediately become due and payable as accelerated Rent, and the Landlord may immediately distrain for the same, together with any arrears then unpaid.

  • Right to Refuse Employees have the right to refuse to undergo drug and alcohol testing. If an employee refuses to undergo drug or alcohol testing requested or required by the Employer, no such test shall be given.

  • Right to Relocate Sublandlord may, at any time, relocate any of Subtenant’s Subleased Premises to another area of the Building in which such Subleased Premises are located (“New Premises”), provided the New Premises shall have, if possible, approximately the same rentable square footage of space; notwithstanding the foregoing, Sublandlord shall have the right to offer Subtenant New Premises with lesser square footage than the original Subleased Premises (but in no event lesser than 70% of the original Subleased Premises) if Sublandlord’s store size has been or is in the process of being reduced. Provided that Subtenant is open and operating at the applicable Subleased Premises at the time Sublandlord exercises the rights granted by this Section, Sublandlord agrees to pay all reasonable moving expenses incurred by Subtenant incident to such relocation and for improving the New Premises so that the New Premises are similar to the then existing Subleased Premises. Sublandlord shall provide Subtenant with at least sixty (60) days prior written notice before making such relocation demand. Subtenant shall cooperate with Sublandlord in all reasonable ways to facilitate the move and shall be responsible for moving all of its inventory and other goods to the New Premises. If Subtenant fails to so cooperate, Sublandlord shall be relieved of all responsibility for damage or injury to Subtenant or its property during such move, except as may be caused by Sublandlord’s actual negligence. Notwithstanding the foregoing, if the New Premises identified by Sublandlord is not acceptable to Subtenant, then Subtenant may elect to terminate this Sublease solely with respect to such Subleased Premises by written notice to Sublandlord within thirty (30) calendar days after receipt of Sublandlord’s written notice of such relocation, with such termination to be effective sixty (60) days after Subtenant’s election. Upon the completion of a relocation, the Rent shall be adjusted to reflect the actual square footage of the New Premises and the New Premises shall be deemed to have replaced the applicable Subleased Premises for all purposes under this Sublease.

  • Right to Re-enter In the event of any such default by Tenant, Landlord shall have the right, after terminating this Lease, to re-enter the Premises and remove all persons and property. Such property may be removed and stored in a public warehouse or elsewhere at the cost of and for the account of Tenant, and disposed of by Landlord in any manner permitted by law.

  • Right to Revoke Employee may revoke this Agreement by notice to Company, in writing, received within seven (7) days of the date of its execution by Employee (the “Revocation Period”). Employee agrees that Employee will not receive the benefits provided by this Agreement if Employee revokes this Agreement. Employee also acknowledges and agrees that if Company has not received from Employee notice of Employee’s revocation of this Agreement prior to the expiration of the Revocation Period, Employee will have forever waived Employee’s right to revoke this Agreement, and this Agreement shall thereafter be enforceable and have full force and effect.

  • Right to Rescind You have the right to rescind this Agreement within three (3) business days of your receipt of this Agreement by contacting Starion at: 0-000-000-0000; xxxxxx@xxxxxxxxxxxxx.xxx; or P.O. Box 845, Middlebury, CT 06762.

  • Right to Respond Employees will be given a copy of any and all material that may be used against them in a disciplinary action at the time that it is placed in the file. Explanatory rebuttal statements can be attached to the material housed in the file provided such statement is made within ten (10) working days after the employee receives the material. Any reference to allegations that are investigated and determined to be unfounded shall be removed from an employee’s file.

  • Right to Review TFC reserves the right to review the insurance requirements and to require deletion, revision, and/or modification of particular policy terms, conditions, limitations, or exclusions (except where policy provisions are established by law or regulations that are binding upon TFC, PSP, or the underwriter) on any such policies when deemed necessary and prudent by TFC based upon changes in statutory law, court decisions, or the claims history of the industry and/or of PSP, provided however, such modifications must be commercially available to PSP. TFC shall make an equitable adjustment to the Contract Sum for any additional cost resulting therefrom.

  • Right to request 7.4.4(a) An employee entitled to parental leave pursuant to the provisions of 7.4.2 may request the employer to allow the employee:

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