Right to Unwind Sample Clauses

Right to Unwind. Company may, at its sole discretion and without stating any reason, request to unwind this Agreement prior to the issuance of the Tokens/coins. If this Agreement is to be unwound, Company may provide you (subject to permissibility under Swiss bankruptcy laws) the purchase amount minus fees and expenses. You shall bear all of your own costs and expenses related to or arising out of the unwind. In case of an unwind as set out above, each Party releases the other Party from any and all claims, which a Party ever had, now has, or hereafter may have against the other arising out of or relating to this Agreement, except for any claims relating to rights and obligations preserved by, created by or otherwise arising out of this Agreement.
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Right to Unwind. (a) In the event that, within ten (10) years from and after the Closing Date, Advocate enters into an agreement (an “Unwind Event”) to (i) sell or lease substantially all the operations of Xxxxxxx Hospital, or (b) undertake a “change of control” of the entire Advocate System to or with a third-party for-profit investor-owned company or a Catholic Health Organization, then Xxxxxxx Foundation shall have the right to initiate the unwinding of this Agreement and to establish Xxxxxxx Hospital and the then-existing Xxxxxxx Corporations (or the operations previously conducted by Xxxxxxx Corporations in the Xxxxxxx Primary Service Area, if such operations have been transferred to Advocate entities) either as independently-governed entities or as an organized integrated health care delivery system which has no membership relationship or other affiliation with Advocate (an “Unwind Transaction”). Advocate has the obligation to provide written notice to Xxxxxxx Foundation within ten (10) business days of the occurrence of an Unwind Event describing the Unwind Event in reasonable detail.
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Right to Unwind. Company may, at its sole discretion and without stating any reason, request to unwind this Agreement prior to the issuance of the Tokens/coins. If this Agreement is to be unwound, Company may provide you (subject to permissibility under Swiss bankruptcy laws) the purchase amount minus fees and expenses. You shall bear all of your own costs and expenses related to or arising out of the unwind. In case of an unwind as set out above, each Party releases the other Party from any and all claims, which a Party ever had, now has, or hereafter may have against the other arising out of or relating to this Agreement, except for any claims relating to rights and obligations preserved by, created by or otherwise arising out of this Agreement. Token/coin - Functionality. Tokens/coins are intended (i) to serve, now or in the future, as an alternative means of payment, in particular, but not limited, for peer-2-peer payments on Diamante Net; (ii) to be used otherwise as programmed into Diamante Net code. YOU ACKNOWLEDGE THAT (I) THE DIAMANTE NET DISTRIBUTED LEDGER PROTOCOL IS DEVELOPED AND DEPLOYED BY DIAMANTE BLOCKCHAIN GMBH AND NOT BY COMPANY, (II) YOU ARE PURCHASING DIAM TOKENS/COINS FROM COMPANY AND NOT DIAMANTE BLOCKCHAIN GMBH, (III) DIAMANTE BLOCKCHAIN GMBH IS NOT PARTY TO THIS AGREEMENT, BUT BENEFICIARY OF CERTAIN PROVISION (VERTRAG ZUGUNSTER DRITTER ARTICLE 112 SWISS CODE OF OBLIGATIONS). Token/coin Supply – Potential Dilution of the Token/coin Value. The supply of Tokens/coins is controlled by Company. Although not intended, Company may mint further Tokens/coins at any time by a vote of the DIAM Node GMBH’s members. You acknowledge that this means for you that the value of Tokens/coins may get diluted. Tokens/coins have no Rights, Uses or Attributes. Entitlement to Tokens/coins carries no rights, uses, purpose, attributes, functionalities or features, express or implied, including without limitation, any uses, purpose, attributes, functionalities or features, other than as set out above, subject to limitations and conditions in this Agreement. In particular, you acknowledge the Tokens/coins do not represent or confer any ownership right or stake, share or security or equivalent rights, or any right to receive future revenue shares, intellectual property rights or any other form of participation in or relating to Diamante Net or Company or any of the Company Parties. Tokens/coins are not intended to be a, security, commodity or any other kind of financial instrum...
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Right to Unwind. Should the Events of Reorganization not have occurred during the one-year period following the Closing Date, and only to the extent permitted by applicable law and regulation, for a period of Ninety (90) days following the One (1) year anniversary of the Closing Date (the “Unwinding Period”), MVC shall be entitled to rescind this Agreement and the transactions contemplated hereby (collectively, the “Unwinding”) by providing written notice to Equus in accordance with Section 10(g) below subject, however, to the following;
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Right to Unwind. If the Funding Conditions are not satisfied on or before the first anniversary of the Closing (or if any circumstances or event occurs that makes it reasonably unlikely that the Funding Conditions will be satisfied on or before the first anniversary of the Closing), other than by reason of a material breach of this Agreement by Armacor, then Armacor, at its option, shall have the right to unwind the transactions contemplated by this Agreement (the “Right to Unwind”) in accordance with this Section 3.
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Related to Right to Unwind

  • Right to Cancel You have a right to cancel this Agreement for a period of fourteen (14) days commencing on the date on which this Agreement is concluded or the date on which you receive this Agreement (whichever is later) (the “Cancellation Period”). Should you wish to cancel this Agreement within the Cancellation Period, you should send notice in writing or electronically to the addresses found in contact us section of our website. Cancelling this Agreement within the Cancellation Period will not cancel any Transaction entered into by you during the Cancellation Period. If you fail to cancel this Agreement within the Cancellation Period, you will be bound by its terms but you may terminate this Agreement in accordance with Clause 17 (Termination Without Default).

  • Waiver of Right to Trial by Jury EACH PARTY TO THIS AGREEMENT HEREBY EXPRESSLY WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION ARISING UNDER ANY LOAN DOCUMENT OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH RESPECT TO ANY LOAN DOCUMENT, OR THE TRANSACTIONS RELATED THERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER FOUNDED IN CONTRACT OR TORT OR OTHERWISE; AND EACH PARTY HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT ANY PARTY TO THIS AGREEMENT MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE SIGNATORIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY.

  • Right to Offset If We make a claim payment to You or on Your behalf in error or You owe Us any money, You must repay the amount You owe Us. Except as otherwise required by law, if We owe You a payment for other claims received, We have the right to subtract any amount You owe Us from any payment We owe You.

  • Right to Sell Assignor may not Transfer any interest in the Development Xxxxx, the Subject Interests or any part thereof or any undivided interest therein in violation of Section 11.04. Subject to Section 11.02 and 11.04, Assignor may from time to time Transfer, mortgage or pledge its interest in the Development Xxxxx, the Subject Interests, or any part thereof or undivided interest therein, if and only if (i) such Transfer, mortgage or pledge is made expressly subject to and burdened with the Royalty Interest and this Conveyance; (ii) solely in connection with a Transfer other than a Transfer pursuant to a foreclosure on any mortgage or security interest, Assignor has caused the assignee, purchaser, transferee or grantee of any such transaction to (A) acknowledge that the affected Subject Interests are taken subject to and burdened with the Royalty Interest and this Conveyance, and (B) assume and agree to discharge Assignor’s obligations under this Conveyance with respect to such Subject Interests from and after the actual date of any such Transfer; and (iii) in connection with any Transfer pursuant to a foreclosure on any mortgage or security interest, Assignor has used commercially reasonable efforts to cause the assignee, purchaser, transferee or grantee of any such transaction to (A) acknowledge that the affected Subject Interests are taken subject to and burdened with the Royalty Interest and this Conveyance, and (B) assume and agree to discharge Assignor’s obligations under this Conveyance with respect to such Subject Interests from and after the actual date of any such Transfer. Any assumption and agreement to discharge shall be by appropriate written instrument for the express benefit of and enforceable by Assignee. For the avoidance of doubt, nothing in this Section 11.01(a) is intended to permit any assignee, purchaser, transferee or grantee to acquire any interest in the Development Xxxxx, the Subject Interests or any part thereof or undivided interest therein without being subject to and burdened with the Royalty Interest and this Conveyance. Assignee shall not be required to recognize any purported Transfer, mortgage or pledge not made in conformance with this Section 11.01(a) and, notwithstanding any such purported Transfer, mortgage or pledge, Assignor shall remain obligated under this Conveyance just as if such Transfer, mortgage or pledge attempt had not been made and Assignee shall continue to deal with Assignor to the exclusion of the purported transferee. Further, to the extent permitted by applicable Legal Requirements, any purported Transfer not made in conformance with this Section 11.01(a) shall be void and of no effect.

  • Right to Modify BNYM may alter, modify or change the Licensed System or any component, code, language, function, format, design, architecture, security measure or other element of whatsoever nature of the Licensed System and implement such alterations, modifications and changes into the Documentation and/or the Licensed System as Updates or Upgrades applicable to Company's continued use of the Licensed System after such implementation; provided, however, at no time shall this section be interpreted in such a manner as to allow BNYM by such alterations, modifications or changes to alter the License granted by Section 2.1 or modify any other service obligation of BNYM under this Agreement.

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