Set-Off on Termination Sample Clauses

Set-Off on Termination. Except where expressly stated otherwise in this Project Agreement, the Authority is not entitled to set off any amount against any Compensation Payment (other than Compensation on Termination for PPP Co. Default) save to the extent that after such an amount has been set off, the termination payment made would be in an amount greater than or equal to the [Base Senior Debt Termination Amount or the Revised Senior Debt Termination Amount, as the case may be at that time].
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Set-Off on Termination. Except where expressly stated otherwise, the Authority is not entitled to set-off any amount against any payment of termination compensation (whether payable as a lump sum or in instalments) under Clauses 44 (Force Majeure Compensation), 46 (
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Set-Off on Termination. 3.1 Except where expressly stated otherwise, the Scottish Ministers are not entitled to set off any amount against any payment of termination compensation (whether payable as a lump sum or in instalments) under Part 1 of this Schedule 11 (Termination on Scottish Ministers Default or Voluntary Termination by the Scottish Ministers), Part 2 of this Schedule 11 (Termination for Force Majeure), Part 3 of this Schedule 11 (Termination for Corrupt Gifts and Fraud, Breach of Refinancing or Breach of NPD Requirements), save to the extent that after such an amount has been set off, the termination payment made would be in an amount greater than or equal to the Base Senior Debt Termination Amount or the Revised Senior Debt Termination Amount, as the case may be, at that time.
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Set-Off on Termination. Except where expressly stated otherwise in this Project Agreement, the Authority is not entitled to set off any amount against any Compensation Payment (other than Compensation on Termination for PPP Co. Default) save to the extent that after such an amount has been set off, the termination payment made would be in an amount greater than or equal to the [Base Senior Debt Termination Amount or the Revised Senior Debt Termination Amount, as the case may be at that time]. Incomplete Months Where the Service Commencement Date is not the first day of a calendar month the Unitary Charge for the period between the Service Commencement Date and the end of the month in which the Service Commencement Date falls will be equal to the Unitary Charge pro-rated according to the number of days in that month falling on or after the Service Commencement Date. Where the Termination Date or Expiry Date does not occur on the final day of any month, the Unitary Charge for the period between the first day of the month in which the date of Termination or Expiry will be equal to the Unitary Charge pro-rated according to the number of days in that month occurring before the Termination or Expiry of the Term. 25MARKET TESTING AND BENCHMARKING19 Benchmarking PPP Co. will undertake the Benchmarking Exercise at its own cost six (6) months before any Market Testing Review Date in relation to the Testable Services. If PPP Co. does not think that it is possible to carry out a Benchmarking Exercise, it must inform the Authority [  ] months before any Market Testing Review Date. If the Authority disagrees, the matter may be referred by either party to the Dispute Resolution Procedure. Each Benchmarking Exercise will be undertaken to ascertain the relative quality, cost and competitiveness of the Testable Services in question as against Comparable Services and will be undertaken in good faith by PPP Co. or on its behalf by O&M Co. With a view to agreeing with the Authority the appropriate adjustments to the Unitary Charge on the basis set out in Clause 25.5 (Adjustments to Unitary Charge), PPP Co. will make the results of any Benchmarking Exercise available to the Authority by the date occurring three (3) months before the relevant Market Testing Review Date. The results will indicate the extent to which (if at all) the costs of such Comparable Services after having been adjusted to take account of the Adjustment Factors (“Market Costs”) differ (in percentage terms) from the element within ...
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Set-Off on Termination. The Authority is not entitled to set off any amount against the Authority Termination Sum or the Extended Force Majeure Termination Sum if the effect of exercising such right of set off would be to reduce the amount payable to Developer to less than an amount equal to the Lenders’ Liabilities.
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Set-Off on Termination. Except where expressly stated otherwise, the Authority is not entitled to set off any amount against any payment of termination compensation under clauses 38 (Compensation on Termination for Force Majeure), 36 (Compensation on Termination for Corrupt Gifts and Fraud) and 35 (Compensation on Termination for Authority Default/Voluntary Termination), save to the extent that after such an amount has been set off, the termination payment made would be an amount greater than or equal to the Base Senior Debt Termination Amount or the Revised Senior Debt Termination Amount, as the case may be at that time.
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Set-Off on Termination. Notwithstanding any other provision of this Contract, the Councils are not entitled to set off any amount against any payment of termination compensation under clause 50 (Compensation on Council Default), clause 55 (Compensation on Termination for Force Majeure), clause 57.1 (Compensation on Termination on Corrupt Gifts or Fraud), clause 57.2 (Compensation on Termination for Breach of the Refinancing Provisions), clause 59 (Compensation on Voluntary Termination), save to the extent that after such an amount has been set off, the termination payment made would be in an amount greater than or equal to the Senior Debt at that time.
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Set-Off on Termination. Except where expressly stated otherwise, the Authority is not entitled to set off any amount against any payment of termination compensation (whether payable as a lump sum or instalments) under clauses 42 (Compensation on Termination for Force Majeure), 44 (Compensation on Termination for Authority Default/Voluntary Termination) and 45 (Compensation on Corrupt Gifts, Fraud and Refinancing Breaches), save to the extent that after such an amount has been set off, the termination payment made would be an amount greater than or equal to the Base Senior Debt Termination Amount or the Revised Senior Debt Termination Amount as the case may be at that time. For the avoidance of doubt, for the purposes of this clause 48.2 (Set Off on Termination) where the Authority has exercised its Termination Option reference to Base Senior Debt Termination Amount or Revised Senior Debt Termination Amount shall be deemed to include the Lender RV Element and where the Authority has not exercised its Termination Option reference to Base Senior Debt Termination Amount or Revised Senior Debt Termination Amount shall be deemed to exclude the Lender RV Element but include (where relevant) the Completion Costs.
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Related to Set-Off on Termination

  • Rights on Termination (a) If during the Service Term Executive’s employment is terminated under Section 5 above (x) by the Company without Cause or (y) by Executive with Good Reason, then:

  • On Termination (a) An employee who voluntarily terminates his employment will be provided his final pay on the next regular payday.

  • Recovery upon Termination H6.1 On the termination of the Contract for any reason, the Contractor shall at its cost:

  • Obligations Upon Termination Upon termination of this Agreement, either party shall, at the request of the other party, return any document, material, database, equipment, or software containing the Confidential Information to the other party. If, for any reason, such document, material, database, equipment, or software cannot be returned, either party shall destroy all the Confidential Information belonging to the other party and delete such Confidential Information from any memory devices. No party shall be permitted to continue using the Confidential Information in any way after the termination of this Agreement.

  • Payments on Termination Payments to the Advisor pursuant to this Section 13.03 shall be subject to the 2%/25% Guidelines to the extent applicable. After the Termination Date, the Advisor shall not be entitled to compensation for further services hereunder except it shall be entitled to receive from the Company within 30 days after the effective date of such termination all unpaid reimbursements of expenses and all earned but unpaid fees payable to the Advisor prior to termination of this Agreement.

  • Survival on Termination The following Paragraphs and Articles shall survive the termination of this Agreement:

  • Payment of Annual Leave on Termination On the termination of their employment, an employee will be paid their untaken or pro-rata annual leave.

  • Payment on Termination If an employee is terminated after the end of a year of employment, the employee is deemed to have been given any untaken leave from the date of termination and shall be paid for that leave accordingly. The employee shall also be paid for any public holidays falling within the period of leave in addition to payment for the leave. If an employee is terminated before the end of a full year of employment, the employee shall be paid pro-rata annual leave based on the period of service.

  • Default Termination a. In the event that the Property has been sold contrary to or any person bids in contravention of the provisions in Clause 4 above, then such sale shall be cancelled and become null and void and of no further effect wherein all monies paid by the Purchaser hitherto including the Deposit shall be forfeited absolutely and immediately.

  • 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.

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