Rights of Termination for Cause. Except as otherwise provided in this Agreement, neither party shall have the right to terminate their obligations under this Agreement. This Agreement is, however, subject to termination for cause without liability to the terminating party, under any of the following conditions:
Rights of Termination for Cause. Except as otherwise provided in this Agreement, neither party shall have the right to terminate their obligations under this Agreement. This Agreement is, however, subject to termination for cause without liability to the terminating party, under any of the conditions below: Definition: The phrase “without liability” whenever used in this Agreement shall be deemed to include a refund by the Hotel of all deposits and prepayments made by Group or Group’s attendees.
Rights of Termination for Cause. Except as otherwise provided in this Agreement, neither party shall have the right to terminate their obligations under this Agreement. Either party may terminate this Agreement for any one or more of such reasons upon written notice to the other party within five (5) days of such occurrence or receipt of notice of any of the following occurrences. This Agreement is, however, subject to termination for cause without liability to the terminating party, under any of the following conditions:
Rights of Termination for Cause. ASSOCIATION ACRONYM reserves the right to terminate this Agreement without prejudice or penalty, by written notice to Hotel at any time prior to the meeting dates specified in this Agreement if any one of the following occurs:
A. Chain Affiliation: Hotel will promptly notify Group upon any change in the brand under which the Hotel facility is operating. As of the date of contracting ASSOCIATION ACRONYM is advised that Starwood Hotels is now managed by Marriott. If any such change in brand decreases the star rating of the Hotel’s facility (as noted my Mobil’s rating system), Group will have the right to terminate this Agreement without liability with written notice to Hotel as long as such notice is given within 30 days of Group’ receipt of notice of such change.
B. Financial changes, such as the following:
1. The foreclosure on all or any portion of the property and its related facilities by a bank, other lending institution, or financial investor.
2. There is a filing of a voluntary bankruptcy petition by or on behalf of the property and related facilities.
3. The appointment of a court-ordered trustee to manage the finances of the property and related facilities.
4. Creditors filing a petition for involuntary bankruptcy of the property.
Rights of Termination for Cause. ASSOCIATION ACRONYM reserves the right to terminate this Agreement without prejudice or penalty, by written notice to Hotel at any time prior to the meeting dates specified in this Agreement if any one of the following occurs:
A. Management changes, such as any of the following:
1. There is a change in Hotel name or franchise affiliation (different hotel name than Westin brand or Marriott). ASSOCIATION ACRONYM is advised that Marriott has acquired Starwood and that the management change to Marriott is not ground for termination.
2. Hotel is put under the control of a different management company, whether or not accompanied by a change in the property’s name.
B. Financial changes, such as the following:
1. The foreclosure on all or any portion of the property and its related facilities by a bank, other lending institution, or financial investor.
2. There is a filing of a voluntary bankruptcy petition by or on behalf of the property and related facilities.
3. The appointment of a court-ordered trustee to manage the finances of the property and related facilities.
4. Creditors filing a petition for involuntary bankruptcy of the property.
Rights of Termination for Cause. Except as otherwise provided in this Contract, neither party shall have the right to terminate its obligations herein. However, this Contract is subject to termination for cause without liability and without a cancellation charge under any of the conditions specified below. In such event, the Hotel will also refund all deposits and prepayments, and this refund shall be made within 30 days of the notice of termination.
Rights of Termination for Cause. FORCE MAJEURE
Rights of Termination for Cause. The Agreement may be terminated by either party without liability upon written notice under the following circumstances: (i) if a party’s performance under the Agreement is subject to acts of God, war, government regulation, terrorism, disaster, strikes, civil disorder, a pandemic, a travel restriction issued by a governmental agency, curtailment of transportation facilities, or any other emergency of a comparable nature beyond the party’s control that in each case make it illegal or impossible to perform its obligations under the Agreement. In such event, the terminating party shall give written notice of termination to the other party within five (5) days of such occurrence; (ii) if either party makes a voluntary or involuntary assignment for the benefit of creditors or enters into bankruptcy proceedings prior to the date of the Event. In such event, the party who is not making as assignment or entering into bankruptcy proceedings shall have the right to terminate the Agreement upon written notice to the other party; or
Rights of Termination for Cause. This Agreement may be terminated by either party without liability upon written notice under the following circumstances:
Rights of Termination for Cause. This Agreement may be terminated by either party without liability upon written notice under the following circumstances: (i) if a party’s performance under this Agreement is subject to acts of God, war, government regulation, terrorism, disaster, strikes, civil disorder, a pandemic, a travel restriction on members of the general public issued by a governmental agency, curtailment of public transportation facilities, or any other unexpected emergency of a comparable nature beyond the party’s control that in each case makes it illegal or impossible to perform its obligations under this Agreement. In such event, the terminating party shall give written notice of termination to the other party within five (5) days of such occurrence; or (ii) if either party makes a voluntary or involuntary assignment for the benefit of creditors or enters into bankruptcy proceedings prior to the date of the Event. In such event, the party who is not making an assignment or entering into bankruptcy proceedings shall have the right to terminate this Agreement upon written notice to the other party; or (iii) if at the time of the Event, the hotel will no longer be operated under a Hyatt brand. In such event, Hotel shall notify Group in writing of such change, and Group shall have the right to terminate this Agreement without liability upon written notice to Hotel within thirty (30) days of the date of Hotel’s notice of change of brand. In the event of termination by either party under this Section, Hotel shall refund all deposits and/or prepayments made by Group within thirty (30) days of receipt of the notice of termination. Except as otherwise specifically provided in this Agreement, neither party shall have the right to terminate this Agreement for any other cause.
