Subsequent Terms 8 Sample Clauses

Subsequent Terms 8. 2.1 At the end of the Initial Term, if the Hotel has not exercised the Purchase Option, this Agreement shall automatically continue until terminated by either Party upon ninety (90) days prior written notice ("Subsequent Term"). 8.2.2 If the Hotel does not exercise the Purchase Option during the Initial Term or the Subsequent Term then upon termination by either Party, the Company shall remove all the Option Assets and the Company Computer from the Hotel, at the Company's sole expense and will vacate the Service Rooms leaving them in the same state of repair in which it received them, subject to reasonable wear and tear. The Hotel will, no later than the date of termination of this Agreement, pay to the Company the Company's Share for the last month immediately preceding termination and the Parties will have no claims against each other howsoever in respect of said termination. <PAGE> 8.3 Changes in Hotel Management or Ownership 8.3.1 In addition to any right which a Party may have to terminate this Agreement, whether in accordance with the provisions of this Agreement or by law, it is hereby agreed that if the Hotel ceases to be operated and managed by _______, then the Hotel must notify the Company in writing of such within ten (10) days of its occurring, and the Company shall then be entitled to terminate this Agreement, at its discretion, by means of written notice to be delivered to the Hotel within sixty (60) days of receiving said written notice from the Hotel. In such event, the Agreement will terminate upon the expiry of the fourth calendar month after the date of said notice by the Company, whereupon the Company shall remove the Units and all other equipment related to the Maintenance and Operation and, following payment to the Company of the Company's Share for the last month immediately preceding termination, the Parties will have no claims against each other howsoever in respect of said termination. 8.3.2 Changes of any kind in the ownership and/or management of the Hotel shall not have the effect of altering any terms of this Agreement, nor shall they give the Hotel, the owners or any other party the right to alter or terminate this Agreement other than in accordance with its terms (if at all) and the Hotel shall not invoke any claims of force majeure or change of circumstances or the like based solely on a change in management and/or ownership. Any new Hotel owner shall assume the obligations hereunder in writing. Notwithstanding the foregoi...
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Related to Subsequent Terms 8

  • Grant Terms The funding for this Agreement is provided in full or in part by a Federal or State Grant to the City. As part of the terms of receiving the funds, the City is required to incorporate some of the terms into this Agreement. The incorporated terms may be found in Appendix [choose C/D/E etc.], “Grant Terms.” To the extent that any Grant Term is inconsistent with any other provisions of this Agreement such that Contractor is unable to comply with both the Grant Term and the other provision(s), the Grant Term shall apply.

  • Agreement Terms The terms of the Agreement conform to University policy. The period of performance for the project is approximately two (2) years. The amount of funding support will not exceed $62,500. Since research projects are often amended, this agreement includes provisions for changes in time and scope. University procedures for approval of these changes will be followed and additional conflict of interest review will be done as appropriate.

  • Payment Terms and Conditions 67.6.1 CLEC shall pay a Transit Service Charge as set forth in Table 1 for any Transit Traffic routed to CenturyLink by CLEC.

  • Amendment Terms All revisions to this Agreement may only be made by written amendment executed by both parties and approved by the Office of the Attorney General prior to the end date of this Agreement.

  • Payment Terms DXC agrees to pay Supplier the undisputed amount of an invoice within ninety (90) days after the receipt of a valid, complete and properly documented invoice. Any prompt payment discount will be calculated from the date a conforming invoice is received by DXC. Payment will be in U.S. currency unless otherwise stated. Payment will not constitute acceptance of Products and/or Services or impair DXC’s right to inspect. Acceptance shall be when DXC deems the Products and/or Services to meet its specified criteria (“Acceptance”). DXC, at its option, and without prior notice to Supplier, shall have the right to set off or deduct from any Supplier’s invoice, any credits, refunds or claims of any kind due DXC.

  • Price; Payment Terms Prices for the Goods and/or Services will be set out in the applicable Order. Price increases or charges not expressly set out in the Purchase Order shall not be effective unless agreed to in advance in writing by Xxxxx. Supplier will issue all invoices on a timely basis. All invoices delivered by Supplier must meet Buyer’s requirements, and at a minimum shall reference the applicable Purchase Order. Buyer will pay the undisputed portion of properly rendered invoices thirty (30) days from the invoice date. Buyer shall have the right to withhold payment of any invoiced amounts that are disputed in good faith until the parties reach an agreement with respect to such disputed amounts and such withholding of disputed amounts shall not be deemed a breach of this Agreement nor shall any interest be charged on such amounts. Notwithstanding the foregoing, Xxxxx agrees to pay the balance of the undisputed amounts on any invoice that is the subject of any dispute within the time periods specified herein. The seller must invoice for the entire purchase order within 180 days of delivery, or forfeit payment of those portions that were not invoiced.

  • Contract Terms The contract term will be one (1) year, effective from date of award. The City and the Supplier shall have the option to renew this contract for an additional two (2) one-year periods. The contract shall commence upon the issuance of a Notice of Award by the City of Xxxxxx and shall automatically renew each year, from the date of award by City Council, unless either party notifies the other prior to the scheduled renewal date. At the sole option of the City of Xxxxxx, the contract may be further extended as needed, not to exceed a total of six (6) months.

  • Payment Terms and Funding Out Clause 1 Payment Terms: TIPS or TIPS members shall not be liable for interest or late payment fees on past due balances at a rate higher tha n permitted by the laws or regulations of the jurisdiction of the TIPS Member. Funding Out Clause: Vendor agrees to abide by the laws and regulations, including Texas Local Government Code § 271.903, or any sta tutory or regulatory limitations of the jurisdiction of any TIPS Member which governs contracts entered into by the V endor and TIPS or a TIPS Member that requires all contracts approved by TIPS or a TIPS Member are subject to th e budgeting and appropriation of currently available funds by the entity or its governing body. See statute(s) for specifics or consult your legal counsel. Yes Not a negotiable term. Failure to agree will render your proposal non-responsive and it will not be considered. Do you agree to these terms?

  • Agreement Terms and Conditions 2.01 This Agreement is for a space in the JCU housing system, and covers the entire academic year (both Fall and Spring semesters), or any portion of the academic year remaining at the time this Agreement is signed. Residence in JCU residence halls requires participation in JCU’s residential dining program. The Student will be assessed all fees for the agreement term if the Student enrolls but does not occupy the assigned space and does not have approval of this Agreement cancelled in writing pursuant to 14.04.

  • SETTLEMENT TERMS AND CONDITIONS The Registrant is willing to resolve the violation cited herein by entering into this Agreement and freely and voluntarily waives its right to a hearing under Banking Law Sections 44 and 598 on such violations. Therefore, in consideration of the promises and covenants set forth herein, the Settling Parties agree, as follows:

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