Rights to Terminate Sample Clauses
Rights to Terminate. This Agreement may, by written notice given on or prior to the Closing Date, in the manner provided in Section 9.12 “Notices,” be terminated at any time prior to the Closing Date:
(1) by Seller, TOPIII or Purchaser if (A) any Governmental Authority shall have issued an Order, judgment or decree permanently restraining, enjoining or otherwise prohibiting the Closing, and such Order, judgment or decree shall have become final and appealable or (B) any statute, rule, Order or regulation shall have been enacted or issued by any Governmental Authority which, directly or indirectly, prohibits the consummation of the Closing;
(2) by Seller or TOPIII if there has been a material misrepresentation as of the Effective Date with respect to any of Purchaser’s representations and warranties in this Agreement or a material default or breach by Purchaser with respect to the due and timely performance of any of Purchaser’s covenants and agreements contained in this Agreement or in any Related Agreement, which misrepresentation, default or breach, either individually or in the aggregate, has had, or is reasonably likely to have, a Material Adverse Effect, and such misrepresentation, default or breach is not cured or waived in writing by the earlier of the Closing Date or the date ten (10) days after receipt by Purchaser of written notice specifying particularly such misrepresentation, default or breach;
(3) by Purchaser if there has been a material misrepresentation as of the Effective Date with respect to Seller’s or TOPIII’s representations and warranties in this Agreement or a material default or breach by Seller or TOPIII with respect to the due and timely performance of any of Seller’s or TOPIII’s covenants and agreements contained in this Agreement or in any Related Agreement, which misrepresentation, default or breach, either individually or in the aggregate, has had, or is reasonably likely to have, a Material Adverse Effect, and such misrepresentation, default or breach is not cured or waived in writing by the earlier of the Closing Date or the date ten (10) days after receipt by Seller or TOPIII of written notice specifying particularly such misrepresentation, default or breach;
(4) by mutual agreement of Seller, TOPIII and Purchaser;
(5) by Seller, TOPIII or Purchaser if the Closing has not occurred on or before June 16, 2006 because any condition precedent set forth in Article 6 or Article 7 has not been waived or satisfied (but with respect to the conditions r...
Rights to Terminate. This Agreement may be terminated by a vote in the Members Committee to terminate the Agreement by an affirmative Sector Vote as specified in the Operating Agreement and upon the receipt of all Required Approvals related to the termination of this Agreement. Any such termination must be approved by the PJM Board and filed with the FERC and shall become effective only upon the FERC’s approval. Issued By: Xxxxx Xxxxxx Effective: October 1, 2003 Vice President, Governmental Policy Issued On: July 31, 2003 PJM Interconnection, L.L.C. Third Revised Sheet No. 9 First Revised Rate Schedule FERC No. 32 Superseding Second Revised Sheet No. 9
Rights to Terminate. Each party has the right to terminate this Agreement, by giving written notice of termination to the other party, if (a) the other party breaches this Agreement and (b) either the breach cannot be cured or, if the breach can be cured, it is not cured by the breaching party within 15 days after receiving written notice of the breach from the non-breaching party.
Rights to Terminate. Xxxxx Fargo or the Seller Representative (for and on behalf of the Sellers, collectively) may each terminate this Agreement at any time upon 30 days’ written notice to the other party. In addition, Xxxxx Fargo may terminate this Agreement immediately upon written notice to Seller Representative in the event (each, a “Termination Event”):
(a) any Seller (i) intentionally diverts any funds from deposit into the Collection Account or (ii) fails to pay any obligations to Xxxxx Fargo within 3 Business Days of when due;
(b) any Seller fails to perform (i) the covenants contained in Section 5.1 of this Agreement (other than Section 5.1(f), Section 5.1(g) and clauses (x), (xi) and (xii) of Section 5.1(j)) and such failure continues unremedied for a period of ten Business Days, (ii) the covenants contained in Section 5.1(f), Section 5.1(g) and Section 6 of this Agreement (to the extent applicable to such Seller, including any Seller performing in the role of Servicer hereunder) and such failure continues unremedied for a period of five Business Days, or (iii) any covenant contained in this Agreement other than those specifically set forth in clause (i) or (ii) above;
(c) any representation, warranty or statement of fact made by any Seller to Xxxxx Fargo in this Agreement, or any other written agreement, schedule or otherwise shall when made or deemed made be false or misleading in any material respect;
(d) any Seller or Parent dissolves or suspends or discontinues doing business, or an Insolvency Event occurs with respect to any Seller or such Parent; or
(e) any Parent (i) revokes or terminates or purports to revoke or terminate any provisions of the Performance Undertaking, or fails to perform any of the terms, covenants, conditions or provisions of any Performance Undertaking which require the payment of any amount, or (ii) fails to perform any of the terms, covenants, conditions or provisions of any Performance Undertaking (other than those payment related terms, covenants, conditions or provisions set forth in clause (i) of this Section 7.1(e)) and such failure shall continue unremedied for a period of five Business Days.
Rights to Terminate. This Agreement may be terminated by a vote in the Members Committee to terminate the Agreement by an affirmative Sector Vote as specified in the Operating Agreement and upon the receipt of all Required Approvals related to the termination of this Agreement. Any such termination must be approved by the PJM Board and filed with the FERC and shall become effective only upon the FERC's approval.
Rights to Terminate. In the event that the Leased Premises, or any material part thereof (i.e., more than 20% thereof or damages requiring more than nine (9) months from date of loss to repair), shall be destroyed or damaged by fire or unavoidable casualty, then this Lease may be terminated at the election of Lessor. Such election shall be made by the giving of written notice by Lessor to Lessee within thirty (30) days after the right of election accrues. If by such fire or other casualty more than 20% of the floor area shall be rendered untenantable, or if the Leased Premises are so damaged as to create a material risk that Lessee’s property will be subject to loss, and if Lessor does not within five (5) days after notice from Lessee commence and diligently pursue repairs sufficient to protect Lessee’s property, or if the damage to the Leased Premises are material and substantial and will take more than nine (9) months from date of casualty or loss to repair then Lessee may at its option terminate this Lease by notice in writing to Lessor within thirty (30) days after the date of such damage or destruction. If Lessee exercises such option, this Lease shall terminate in the case of such damage or destruction on that date designated in its notice of termination, which shall not be less than fifteen (15) nor more than (30) days after the date of such notice.
Rights to Terminate. This Agreement may be terminated at any time prior to the Closing only as follows:
(a) by mutual written consent of Seller and Purchaser;
(b) by Seller if Purchaser is in material breach of any material representation, warranty or covenant under this Agreement (and Seller is not then in material breach of any material representation, warranty or covenant);
(c) by Purchaser if Seller or the Company is in material breach of any material representation, warranty or covenant under this Agreement (and Purchaser is not then in material breach of any material representation, warranty or covenant);
(d) by Seller or by Purchaser if, at or before the Closing, any condition set forth herein for the benefit of Seller or Purchaser, respectively, shall not have been timely met and cannot be met on or before the Closing Date and has not been waived; or
(e) by Purchaser or Seller if the Closing shall not have occurred on or before April 1, 1999. Each party's right of termination hereunder is in addition to any of the rights it may have hereunder or otherwise.
Rights to Terminate. Ideal may terminate this Agreement at any time prior to the Termination Date if:
29.2.1 it gives the Agent sixty (60) days prior written notice of termination;
29.2.2 it has paid and performed in full all its obligations hereunder on or prior to the effective date of termination; and
29.2.3 it pays the Agent, on or prior to the effective date of termination, and in addition to any other prepayment premium required hereunder and any amounts required by clauses 19.1 and 19.2:
(a) 2% of the aggregate on such date of (i) the Maximum Revolving Credit Line, if such termination is made on or prior to the first Anniversary Date;
(b) 1% of the aggregate on such date of the Maximum Revolving Credit Line, if such termination is after the first Anniversary Date but on or prior to the second Anniversary Date; and
(c) 0.5% of the aggregate on such date of the Maximum Revolving Credit Line, if such termination is at any time after the second Anniversary Date but on or before the third Anniversary Date.
Rights to Terminate. Borrower and Lender shall have the rights to terminate this Agreement or to accelerate the Loan, as applicable, as set forth in this Section 2.13.
Rights to Terminate client may terminate this Contract and/or an individual project for its convenience, without liability at any time, upon prior written notice to Freelancer.