Right to Terminate the Agreement. ① In the event that either the Lessor or the Lessee falls under any of the following subparagraphs, the other party may terminate this agreement and ask the Lessee to quit the premises immediately even before the expiration of the lease agreement with a written notice:
1. The Lessee consecutively defaults in the payment of monthly maintenance and other expenses more than two (2) months from the due date;
2. The Lessee enters into attachment, provisional attachment, or provisional disposition, or files for auction or bankruptcy, or is unable to continue this agreement due to material change to the Lessee’s property, credit or business;
3. The Lessor’s honor or credit is damaged as a result of the Lessee’s action;
4. While Nuritkum Square is a building of which use is limited to specified tenants involved in certain type of industry, such as, but not limited to, technological development and manufacturing related to information technology, nanotechnology and biotechnology, and distribution business of media and entertainment, the Lessee does not meet the tenant eligibility requirements during the term of agreement; or
5. Either the Lessor or the Lessee breaches the provisions of this agreement or the obligations with regard to this agreement. ② In case of any of the above subparagraphs of paragraph ①, the Lessor may terminate this agreement and take necessary legal proceedings so that the premises may be delivered.
Right to Terminate the Agreement. 2.1 CCCSC reserves the right to terminate this Agreement and/or to not provide any services, whether in full or in part, at any time if the Buyer materially breaches this Agreement with gross negligence or fraud.
Right to Terminate the Agreement. Either Party may terminate this Agreement, effective at the end of any Agreement Period, by written notice to the other Party, to be delivered at least 90 days prior to the end of such Agreement Period.
Right to Terminate the Agreement upon Prohibition of the Use of a Significant Sub- Processor. The Processor has the right to terminate the DPA and the Agreement immediately, extraordinarily (incl. without observing the notice period and without any penalties), if the Controller prohibits the use of a Sub-processor essential for the Processor's processes. Sub-processor is considered essential if provisioning of the Processor’s services is not possible without the relevant Sub-processor, and using an alternative Sub-processor would not be feasible or effective.
Right to Terminate the Agreement. (a) Each Party shall give the other Party reasonably prompt notice of any event or circumstance that is reasonably likely to result in the nonsatisfaction of any condition set forth in Section 2.5 or Section 2.6, as applicable.
(b) In addition to any other termination rights of a Party set forth herein, at any time after the two
Right to Terminate the Agreement. Either Government may terminate this Agreement, effective at the end of an Agreement Period, by written notice to the other Government, to be given at least 90 days prior to the end of such Agreement Period.
Right to Terminate the Agreement. (a) If Cobalt fails to complete any of the Phases as required by the Preliminary or Final Project Schedule, the CDA may, except as may be otherwise provided herein, terminate this Agreement by delivering written notice of termination to the other parties hereto at any time after the expiration of such periods. Cobalt shall transfer any Property (excluding the Private Parcels) it holds at that time to the CDA at no cost to the CDA. Upon such transfer, all further obligations of the parties shall be terminated. Neither of the parties shall be reimbursed for any costs or expenses incurred to or after the date of termination.
(b) Any party shall:
(i) Become insolvent; or
(ii) Be unable, or admit in writing its inability, to pay its debts as they become due; or
(iii) Make a general assignment for the benefit of creditors or to an agent authorized to dissolve a substantial amount of its property; or
(iv) Become subject (either voluntarily or involuntarily) to an order for relief within the meaning of the bankruptcy code, and in the case of an involuntary action, such order is not vacated within sixty (60) days after entry; or
(v) File a petition to effect a plan or other arrangement with creditors; or
(vi) File an answer to a creditor’s petition, admitting the material allegations thereof, for dissolution, reorganization or to effect a plan or other arrangements with creditors; or
(vii) Apply to a court for the appointment of a receiver for any of its assets; or
(viii) Have a receiver appointed for any of its assets (with or without consent) and such receiver shall not be discharged within sixty (60) days after appointment; or
(ix) Otherwise become the subject of any federal or state bankruptcy or insolvency proceedings.
Right to Terminate the Agreement. Notification of cancellation of the agreement can be made by either party and must be made in writing at
Right to Terminate the Agreement. 23.1 Either Side May Terminate the Agreement. Plaintiff and Defendant will each have the right to unilaterally terminate this Agreement by providing written notice of his or its election to do so (“Termination Notice”) to all other Parties hereto within twenty (20) calendar days of any of the following occurrences:
(a) The Court rejects, materially modifies, materially amends or changes, or declines to preliminarily or finally approve the Settlement Agreement;
(b) An appellate court reverses the Final Approval Order, and the Settlement Agreement is not reinstated without material change by the Court on remand;
(c) Any court incorporates into, or deletes or strikes from, or modifies, amends, or changes, the Preliminary Approval Order, Final Approval Order, or the Settlement Agreement in any material respect, unless such modification or amendment is accepted in writing by all Parties.
Right to Terminate the Agreement. If Completion does not take place on or before the date falling twelve (12) months from the date of the Agreement, or such later date as the Company and TSY may mutually agree in writing due to the inability of the Company for any reason whatsoever to deliver the Sale Shares to TSY, TSY shall be entitled (but not obliged) to terminate the Agreement by written notice to the Company, such termination to take effect five (5) business days immediately after the receipt of such notice.
