RIGHT TO TERMINATE OR NOT RENEW Sample Clauses

RIGHT TO TERMINATE OR NOT RENEW. 6.1 (a) Notwithstanding any term or condition of this Agreement or of any Purchase Order, Long Term Supply Agreement, Sourcing Agreement, or Target Agreement, or any other termination rights Ford may have, Ford may terminate or not renew, in whole or in part, an Existing Agreement relating to a Component during the term of this Agreement only: (1) for a Change of Control in accordance with Section 8.3(b) and (c) below; (2) in accordance with Section 26.05 (Excusable Delay) of the Global Terms; (3) as a result of program cancellation (as described in Section 29 of the Global Terms); -8- <PAGE> (4) as a result of an assignment by Visteon in breach of Section 42.04 of the Global Terms; (5) for Good Cause with respect to such Component; (6) for a default by Visteon in the performance of any obligation or in the observance of any restriction described in Section 8.1(a) below that is not fully cured within 90 days after written notice thereof has been given by the Non-Defaulting Party; (7) as a result of the termination of this Agreement under Section 8; or (8) in regard to Existing Agreement(s) for Fuel Delivery Modules (FDMs) supplied by Visteon's Bedford facility to Ford, in the event that the FDM business is transferred to a Master Agreement Plant as described in Section 10 below. Nothing in this Agreement shall in any way mitigate or affect any of Ford's rights to: (i) terminate or not renew any Purchase Order, Long Term Supply Agreement, or other agreement other than an Existing Agreement (i.e., a Purchase Order, Long Term Supply Agreement, or other agreement relating to Components other than Existing Business); or (ii) direct a Ford Tier 1 Supplier (which may be, without limitation, Newco) relating to a Ford-Directed Tier 2 Component to terminate its purchases of such Ford-Directed Tier 2 Component from Visteon during the term of this Agreement, except as specifically provided for in Section 2.4 and 2.5. (b) In regard to any termination or non-renewal described in 6.1, the terms of the applicable Existing Agreement will govern the right to notification, remediation and compensation, if any. In this regard, a termination by Ford under Section 6.1(a)(1) above will be treated as a termination under Section 26.03 of the Global Terms, under Sections 6.1(a)(4) through (7) above will be treated as a termination under Section 26.01 of the Global Terms, and a termination by Ford under Section 6.1(a)(8) above will be treated as a termination under Section 27.01
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RIGHT TO TERMINATE OR NOT RENEW. 6.1 Termination or Nonrenewal by Visteon.
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RIGHT TO TERMINATE OR NOT RENEW. 6.1 (a) Notwithstanding any term or condition of this Agreement or of any Purchase Order, Long Term Supply Agreement, Sourcing Agreement, or Target Agreement, or any other termination rights Ford may have, Ford may terminate or not renew, in whole or in part, an Existing Agreement relating to a Component during the term of this Agreement only:
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RIGHT TO TERMINATE OR NOT RENEW. 5.1 (a) Notwithstanding any term or condition of this Agreement or of any Purchase Order, Long Term Supply Agreement, Sourcing Agreement, or Target Agreement, or any other termination rights Newco may have, but subject to Section 6(b), Newco may, upon advance written notice to Visteon, terminate or not renew, in whole or in part, its purchase of a Component which is Existing Business, the applicable Existing Agreement or this Agreement as it relates to such Component:
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Related to RIGHT TO TERMINATE OR NOT RENEW

  • Right to Terminate Either Party may unilaterally terminate this Annex by providing thirty (30) calendar days written notice to the other Party.

  • Right to Terminate Agreement 21.1 If either Party (the “Breaching Party”) (a) fails to pay any amount when due under the terms of this Agreement or fails to comply with or perform, in any material respect, any of the other terms or conditions of this Agreement; (b) sells or transfers all or substantially all of its assets; (c) enters into any voluntary or involuntary bankruptcy proceeding or receivership; or (d) makes a general assignment for the benefit of its creditors, then the other Party (the “Non-Breaching Party”) shall have the right, without prejudice to any other right or remedy and after giving five (5) Days’ written prior notice to the Breaching Party and a reasonable opportunity for cure (not to exceed thirty (30) Days in the case of a failure to pay amounts when due), to terminate this Agreement, subject to Sections 21.3 and 21.4 of this Agreement. Subject to compliance with Section 22.1 of this Agreement, if applicable, the Non-Breaching Party shall also have the right to pursue any and all rights it may have against the Breaching Party under applicable law, subject to other applicable terms and conditions of this Agreement (including, without limitation, any applicable limitations on liability contained herein).

  • Reservation of Right to Terminate Relationship Nothing contained in this Agreement shall restrict the right of the Company to terminate the relationship of the Optionee at any time, with or without cause. The termination of the relationship of the Optionee by the Company, regardless of the reason therefor, shall have the results provided for in Sections 3 and 4 of this Agreement.

  • Right to Terminate Employment No provision of this Agreement shall limit in any way whatsoever any right that the Company or a Subsidiary may otherwise have to terminate the employment of the Grantee at any time. Nothing herein shall be deemed to create a contract or a right to employment with respect to the Grantee.

  • Tenant’s Right to Terminate If the Leased Premises, the Building or the Outside Area are damaged by any peril and Landlord does not elect to terminate this Lease or is not entitled to terminate this Lease pursuant to this Article, then as soon as reasonably practicable, Landlord shall furnish Tenant with the written opinion of Landlord's architect or construction consultant as to when the restoration work required of Landlord may be complete. Tenant shall have the option to terminate this Lease in the event any of the following occurs, which option may be exercised only by delivery to Landlord of a written notice of election to terminate within seven days after Tenant receives from Landlord the estimate of the time needed to complete such restoration:

  • Landlord’s Right to Terminate Landlord shall have the option to terminate this Lease in the event any of the following occurs, which option may be exercised only by delivery to Tenant of a written notice of election to terminate within thirty days after the date of such damage or destruction:

  • Purchaser’s Right to Terminate Anything in any of the Transaction Documents to the contrary notwithstanding, each Purchaser has the right to demand and receive back from the Company such Purchaser’s Subscription Amount at any time until a Closing takes place in connection with such Subscription Amount. UNDER NO CIRCUMSTANCES WILL THE PURCHASER’S SUBSCRIPTION AMOUNT BE DELIVERED TO OR UNDER THE CONTROL OR AUTHORITY OF ANY PLACEMENT AGENT OR BROKER.

  • Licensee’s Right to Terminate Licensee may, at its option, without prejudice to any other remedies it may have, terminate this agreement by giving written notice of such termination to Licensor as follows: (a) immediately, in the event that Licensor abandons the Licensed Marks or otherwise ceases to support the Licensed Marks in Licensor's business; or (b) immediately in the event of the occurrence of a Bankruptcy with respect to Licensor; or (c) immediately in the event of an occurrence of termination pursuant to Section 13.2(d).

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