Rights Upon Termination, Expiration or Non-Renewal Sample Clauses

Rights Upon Termination, Expiration or Non-Renewal. 4.1 Termination, expiration or non-renewal of this Agreement shall not affect any right of either party accrued prior to such termination, expiration or non-renewal. 4.2 On any termination, expiration or non-renewal of this Agreement, College shall pay Xxxxxxx the unamortized book value of all Store Remodeling (none anticipated, but if applicable, as defined in Section 5) paid by Xxxxxxx as follows:  The Store Remodeling book value shall be calculated on the straight-line method, from the in-service date[s], over the greater of 8 years or until expiration of this Agreement.  The Payment(s) book value shall be calculated on the straight-line method, from the date the payment is made by Xxxxxxx, over the greater of 8 years or until expiration of this Agreement. 4.3 On any termination, expiration or non-renewal of this Agreement, or upon closing of a Store location, and after Xxxxxxx has taken all commercially reasonable efforts to sell-down and minimize inventory, College shall purchase the Store inventory then on hand under the following terms: a) New Textbooks 1. New textbooks adopted for the next academic term in quantities not exceeding course requirements will be purchased at standard industry discounts or cost. 2. New textbooks not adopted for the next academic term, or adopted but in excess of course requirements, will be purchased at the current wholesale price.
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Rights Upon Termination, Expiration or Non-Renewal. 4.1 Termination, expiration or non-renewal of this Agreement shall not affect any right of either Party accrued prior to such termination, expiration or non-renewal. 4.2 In the event the School terminates this Agreement without cause per Section 3.1 of this Agreement or in the event Xxxxxxx terminates this Agreement for material nonperformance per Section 3.2 of this Agreement, School shall pay Xxxxxxx the unamortized book value of all Store Remodeling (as defined in Section 5) and payments (as defined in Section 10) paid by Xxxxxxx as follows:  The Store Remodeling book value shall be calculated on the straight-line method, from the in-service date[s] over 8 years.  The Payment(s) book value shall be calculated on the straight-line method, from the date the payment is made by Xxxxxxx over 8 years. 4.3 On any termination, expiration or non-renewal of this Agreement, or in the event School, in its sole discretion, decides upon the closing of a Location prior to the end of the term of this Agreement, School shall purchase, or cause to be purchased, the Store Merchandise then on hand under the following terms: “Store Merchandise” will include all salable and rentable merchandise in the Locations, including new textbooks, used textbooks, trade, reference and technical books, Rental Program inventory, and includED Program inventory, whether in stock or rented, general merchandise, non-expired food, drinks, condiments and supplies related to operating the Food Service. A complete physical inventory, with audit trail by item and location, shall be conducted jointly by a professional retail inventory service company under the direction and supervision of School and Xxxxxxx. The professional retail inventory service company will be jointly selected by School and Xxxxxxx. Xxxxxxx shall incur the entire expense for the professional retail inventory service company. Each Party may observe the inventory if desired. Payment to Xxxxxxx for Store Merchandise shall be made or caused to be made by School within 90 (ninety) days after the completion of the inventory as follows: a) New Textbooks 1. New textbooks adopted for the next academic term in quantities not exceeding course requirements will be purchased at standard industry discounts or cost. 2. New textbooks not adopted for the next academic term, or adopted but in excess of course requirements, will be purchased at the current wholesale price.
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Rights Upon Termination, Expiration or Non-Renewal. 4.1 Termination, expiration or non-renewal of this Agreement shall not affect any right of either party accrued prior to such termination, expiration or non-renewal. On any termination, expiration or non-renewal of this Agreement, Athletics shall pay Xxxxxxx the unamortized book value of all Stores Investments (as defined in Section 5) paid by Xxxxxxx. The unamortized book value shall be calculated on the straight-line method, from the in-service date(s), over a five-year period. If this Agreement is terminated by Xxxxxxx without cause (per Section 3.1) of this Agreement prior to the Store Remodeling being fully depreciated, then Athletics shall not reimburse Xxxxxxx for any portion of the approved Facility Investment not yet depreciated, and the Store Improvements shall remain the property of Athletics. 4.3 On any termination, expiration or non-renewal of this Agreement, Athletics shall purchase, or cause to be purchased, the Store inventory then on hand. Xxxxxxx and Athletics shall work together to ensure that Athletics is not unreasonably burdened by the inventory levels. In the event that the Agreement expires or is not renewed, the amount Athletics pays pursuant to this Section 4 shall not exceed $20,000. If the Agreement is terminated prior to the intended expiration date, the amount Athletics pays pursuant to this Section 4 shall not exceed $50,000.
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Rights Upon Termination, Expiration or Non-Renewal. 4.1 Termination, expiration or non-renewal of this Agreement shall not affect any right of either party accrued prior to such termination, expiration or non-renewal.
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Related to Rights Upon Termination, Expiration or Non-Renewal

  • Data Transfer Upon Termination or Expiration Provider will notify the Division of impending cessation of its business and any contingency plans. Provider shall implement its exit plan and take all necessary actions to ensure a smooth transition of service with minimal disruption to the Division. As mutually agreed upon and as applicable, Provider will work closely with its successor to ensure asuccessful transition to the new equipment, with minimal downtime and effect on the Division, all such work to be coordinated and performed in advance of the formal, transition date.

  • Termination/Expiration Upon termination or expiration of this Lease, Tenant shall, at Tenant's cost, remove any equipment, improvements or storage facilities utilized in connection with any Hazardous Materials and shall clean up, detoxify, repair and otherwise restore the Premises to a condition free of Hazardous Materials, to the extent such condition is caused by Tenant or any assignee or subtenant of Tenant or their respective agents, contractors, employees, licensees or invitees.

  • Payment Upon Termination In the event that the City or Consultant terminates this Agreement pursuant to Section 8, the City shall compensate the Consultant for all outstanding costs and reimbursable expenses incurred for work satisfactorily completed as of the date of written notice of termination. Consultant shall maintain adequate logs and timesheets in order to verify costs incurred to that date. The City shall have no obligation to compensate Consultant for work not verified by logs or timesheets.

  • Delivery upon Termination or Expiration No later than the first calendar day after the termination or expiration of the Contract or upon System Agency’s request, Grantee shall deliver to System Agency all completed, or partially completed, Work Product, including any Incorporated Pre-existing Works, and any and all versions thereof. Xxxxxxx’s failure to timely deliver such Work Product is a material breach of the Contract. Grantee will not retain any copies of the Work Product or any documentation or other products or results of Grantee’s activities under the Contract without the prior written consent of System Agency.

  • Termination Upon Expiration Date The Trust shall automatically terminate on December 31, 20__ (the "Expiration Date") or earlier pursuant to Section 9.02.

  • Rights Upon Termination Except as expressly provided in Section 6, upon the termination of the Executive’s Employment pursuant to this Section 5, the Executive shall only be entitled to the compensation, benefits and reimbursements described in Sections 2, 3 and 4 for the period preceding the effective date of the termination. The payments under this Agreement shall fully discharge all responsibilities of the Company to the Executive.

  • Liability Upon Termination Termination of this Agreement, or any part hereof, for any cause shall not release either Party from any liability which at the time of termination had already accrued to the other Party or which thereafter accrues in any respect to any act or omission occurring prior to the termination or from an obligation which is expressly stated in this Agreement to survive termination.

  • Expiration or Termination A. Owner shall have the right, upon thirty (30) days prior written notice to Operator, to terminate this Agreement in its entirety, upon or after the happening of one or more of the following events, if said event or events shall then be continuing: (i) If Operator shall make a general assignment for the benefit of creditors; or (ii) If Operator shall file a voluntary petition in bankruptcy or a petition seeking their reorganization or the readjustment of their indebtedness under the Federal Bankruptcy laws or under similar State laws; or (iii) If an involuntary petition in bankruptcy shall be filed against Operator and Operator is thereafter adjudicated a bankruptcy thereunder; or (iv) If Operator shall consent to the appointment of a receiver, trustee, or liquidator of all or substantially all of the property of Operator; or (v) If Operator shall fail to pay the SASO Fee or other money payments required by this Agreement and such failure shall not be remedied within thirty (30) days following receipt by Operator of written demand from Owner; or (vii) If Operator shall default in fulfilling any of the terms, covenants or conditions to be fulfilled by them hereunder and shall fail to commence with due diligence the remedying of said default within thirty (30) days following receipt by Operator of written demand from Owner to do so. B. Operator shall have the right, after thirty (30) days written notice to Owner, to terminate or suspend this Agreement upon the happening of one or more of the following events, if said event or events shall then be continuing: (i) The issuance by any court of competent jurisdiction of an injunction, order or decree preventing or restraining the use of the Airport for normal airport purposes or the use of any part thereof which may be used by Operator and which is necessary for Operator's operations of the Airport, which remains in force for a period of at least ninety (90) consecutive days. (ii) If Owner shall default in fulfilling any of the terms, covenants or conditions to be fulfilled by it under this Agreement and shall fail to cure said default within thirty (30) days following receipt of written demand from Operator to do so; or (iii) If all or a mutual part of the Airport or Airport facilities shall be destroyed by fire, explosion, earthquake, other casualty, or acts of God or the public enemy; (iv) If the United States Government or any of its agencies shall occupy the Airport or any substantial part thereof to such an extent as to interfere materially with Operator’s operations, for a period of thirty

  • Payments Upon Termination A. Upon termination of the Executive's employment hereunder, the Company shall be obligated to pay and the Executive shall be entitled to receive, on the pay date for the pay period in which the termination occurs, all accrued and unpaid Base Salary to the date of termination. In addition, the Executive shall be entitled to any benefits to which he is entitled under the terms of any applicable employee benefit plan or program or applicable law. B. Except as provided in Section 7(A), upon termination of the Executive's employment by the Company without Cause or by the Executive due to Good Reason, in addition to the amount set forth in Section 6(A), the Company shall be obligated to pay, and the Executive shall be entitled to receive, (i) Base Salary for a period of three years and (ii) continued medical and dental benefits for a period of three years at no cost to the Executive. The Company may cease all payments of Base Salary and bonus under this Section 6(B) in the event of a willful breach by the Executive of the provisions of Sections 8, 9 or 10 of this Agreement or any inadvertent breach that continues after notice given to the Executive by the Company. As a condition precedent to the receipt of any of the severance benefits hereunder the Executive hereby agrees to execute a release of claims against the Company and its affiliates in form and substance reasonably satisfactory to the Company. C. In the event Executive elects to terminate employment as set forth in Section 5(F) then in such event any options not vested as set forth in Section 3(B) shall terminate. D. Upon any termination or expiration of the Executive's employment hereunder pursuant to Section 5, the Executive shall have no further liability or obligation under or in connection with this Agreement; provided, however, that the Executive shall continue to be subject to the provisions of Sections 8, 9, 10, 11 and 12 hereof (it being understood and agreed that such provisions shall survive any termination or expiration of the Executive's employment hereunder for any reason). Upon any Voluntary Termination by the Executive (other than a resignation by the Executive for Good Reason), or expiration of Executive's employment agreement, the Company shall have no further liability under or in connection with this Agreement, except to pay the portion of the Executive's Base Salary earned or accrued at the date of termination.

  • Property Rights upon Termination or Expiration of Contract In the event the Grant Agreement is terminated for any reason or expires, State Property remains the property of the System Agency and must be returned to the System Agency by the earlier of the end date of the Grant Agreement or upon System Agency’s request.

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