Term and Early Termination. This Agreement shall commence on the Commencement Date and shall unless the parties have agreed in writing to an extension of the Agreement and terminate on the Termination Date; Notwithstanding the provisions of clause ______________ above, SAA shall be entitled with or without cause and without any penalty to cancel this Agreement before the Termination Date, which cancellation shall be without prejudice to any other rights which SAA may have under law and under this Agreement: upon giving not less than 30 (thirty) days written notice to the Supplier; in accordance with the provisions of the breach and termination clauses below; or upon giving not less than 30 (thirty) days written notice to the Supplier should the Supplier: commit any act of insolvency as defined in the Insolvency Act, 1936 or become actually insolvent in that the Supplier’s liabilities exceed its assets; be wound up, whether provisionally or finally, and whether compulsorily or voluntarily; or enter into business rescue proceedings; or enter into any arrangement or compromise with any of its creditors; or be subject to any resolution passed by its members for its winding up or dissolution; or undergo, or any company which the Supplier is a subsidiary, undergo change of control without the prior written consent of SAA thereto having been obtained; have a judgement granted against it in any court of law which, if appealable, is not appealed against within the period allowed for the lodging of such an appeal or, if not subject to an appeal, remains unsatisfied for a period of 10 (ten) business days; or breach this Agreement 3 (three) times in a period of a calendar year, as a result of which notice is given in terms of this Agreement in each such instance of breach, regardless of whether or not such breach had been remedied by the Supplier in each instance Notwithstanding any other provision contained in this Agreement, it is recorded and agreed between the parties that the Supplier shall not enjoy a right of first refusal in respect of supply of the Products or any preferential right of renewal upon termination of this Agreement. The Supplier’s obligations shall be to: Strictly adhere to all the provisions of this Agreement and any orders and shall supply and deliver to SAA the Products as fully set out in Annexure A and in respect of which valid orders are received from SAA. The Supplier will deliver the Products in full, on time and in good condition and free of defect; Allow reasonabl...
Term and Early Termination. 8.1 This Agreement shall be effective for a 20 year term (the “Term”) commencing from 4 January 2021 (the “Commencement Date”) , and shall be automatically renewed on the same terms and conditions set out herein, unless otherwise agreed in writing between the Parties, for further successive periods of 20 years, unless either Party gives prior written notice of non- renewal to the other Party 30 days in advance of the expiry of the Term.
8.2 This Agreement shall be immediately terminated by the Buyer by giving written notice to the Seller if any of the following circumstances shall occur:-
(a) the Seller ceases or threatens to cease trading or enters into liquidation (voluntary or involuntary) or has a judicial manager, administrator, receiver or such similar officer appointed over any of its assets or has entered into any composition or arrangement for the benefit of creditors or becomes insolvent or fails to comply forthwith with any judgment made against it during the performance of this Agreement;
(b) the Seller undergoes a change of control where it comes under the direct or indirect control of any third party entity , unless such change of control has been consented to in writing by the Buyer;
(c) it is or it becomes unlawful for a Party to perform or comply with any one or more of its material obligations under this Agreement; or
(d) the Seller is in breach of any term of this Agreement and such breach, if capable of remedy, is not remedied within thirty (30) days after receipt of notification thereof from the Buyer and neither a failure nor a delay on the part of the Buyer in sending a notice shall operate as a waiver thereof, nor shall it preclude the exercise of any right, power or privilege by the Buyer, without bearing any losses incurred by the Seller.
Term and Early Termination. 14.1 This Agreement shall commence on the Effective Date and, unless terminated earlier in accordance with provisions of this Agreement, continue to be in full force and effect until the date of completion of the Technical Cooperation Project [***] or until such other date to be mutually agreed upon between the Parties hereto. In case the Technical Cooperation Project is not completed by end of December 2007 or such other mutually agreed between the Parties, both Parties agree to continue the work under such Technical Cooperation Project pursuant to the terms of this Agreement for a reasonable period up to [***] and agree to share the additionally accruing actual development and the bear their personnel costs in the ratio as per the provisions of this Agreement.
14.2 Each Party hereto shall have the right to terminate this Agreement forthwith in the following events, by giving a written notice to the other Party at any time on or after:
(1) the failure to correct or cure any material breach by such other Party of any covenant or obligation under this Agreement within thirty (30) days after receipt by such other Party of a written notice from the first-mentioned Party specifying such breach;
(2) the filing by such other Party of a petition in bankruptcy or insolvency, or the filing by any third Party of a petition in bankruptcy or insolvency against the other Party, unless such filing is set aside, dismissed or withdrawn or ceased to be in effect within thirty (30) days from the date of such filing, or the filing by such other Party of any legal action or document seeking reorganization, readjustment or arrangement of such other Party’s business under any law relating to bankruptcy or insolvency, or the appointment of a receiver or bankruptcy trustee for all or substantially all of the property of such other Party, or the making by such other Party of any assignment for the benefit of creditors, or the institution of any proceedings for the liquidation or winding up of such other Party’s business or for the termination of its corporate charter;
(3) the sale, assignment or other transfers of all or substantially all of the assets or the semiconductor business of such other Party to a third party, except as provided in Article 19.7;
(4) the acquisition (whether by stock purchase, merger, acquisition of assets, issuance of voting stock or other similar interests, or otherwise) by a third party of ownership or control of more than fifty percent (50%) of the vot...
Term and Early Termination. This Agreement will commence with effect on the date on which an authorized representative of the University executes the same and will continue in force for a period of two (2) years, then to be extended or to expire, unless terminated by either party in a manner permitted under this Agreement.
a. The University may terminate this Agreement at any time, with immediate effect and without prior notice to the Merchant if, in the University’s sole judgment: (i) the Merchant fails to provide Permitted Goods and Services to Cardholders in accordance with the terms of this Agreement; (ii) the Merchant breaches any material term of this Agreement; (iii) any adverse action is taken against the Merchant or the University by any federal, state, county, city or other governmental agency, authority or regulatory body on account of any act or omission of the Merchant; (iv) any claim is made against the University by any party for funds owed by the Merchant; and/or (v) the University receives complaints from Cardholders about the quality of goods or services provided by the Merchant.
b. Either party may terminate this agreement for any reason upon thirty (30) days’ advance written notice to the other party. Any moneys due and payable to either party by the other party on the date on which the Agreement shall terminate or expire, including any moneys (and further including any refunds) that come to be due and payable thereafter by reason of any transaction that was initiated prior to such date, shall remain due and payable, and shall be paid, after such date as if, for those purposes, the Agreement remained in full force and effect. Sections 4, 5(c), 10, 18, 21, and 25 shall survive the expiration or early termination of this Agreement.
Term and Early Termination. This Agreement shall take effect on the date hereof and shall terminate in the earlier of: (i) full performance of the Parties’ obligations hereunder, (ii) the mutual written consent of the Parties and (iii) April 1, 2003 if the Closing has not occurred prior to such date. If this Agreement is validly terminated pursuant to Section 7.2(i) or (ii), this Agreement will forthwith become null and void, and there will be no liability or obligation on the part of the Seller or the Purchaser (or any of their respective officers, directors, employees, agents or other representatives or affiliates), except that Section 7.1, Section 7.6 and Section 8 hereof will continue to be in effect and shall apply following any such termination. Notwithstanding any other provision in this Agreement to the contrary, upon termination of this Agreement pursuant to Section 7.2(iii), the Seller will remain liable to the Purchaser for any breach of this Agreement by the Seller existing at the time of such termination, and the Purchaser will remain liable to the Seller for any breach of this Agreement by the Purchaser existing at the time of such termination, and the Seller or the Purchaser, as the case may be, may seek such remedies, including damages and legal fees, against the other Party with respect to any such breach as are provided in this Agreement or as are otherwise available at law.
Term and Early Termination. (a) This Agreement shall become effective on the Effective Date and shall continue through the Initial Term, and upon expiration of the Initial Term, this Agreement shall continue in effect (the “Additional Term” and, together with the Initial Term, the “Term”) until terminated by either party by a written notice delivered to the other not less than 180 days prior to the designated termination date; and (b) During the Term, a party (the “nondefaulting party”) may terminate this Agreement upon written EXECUTION 11/27/06 notice to the other party (the “defaulting party”) of such breach and in the event such breach is not cured within thirty (30) calendar days after the delivery date of such notice in the event that: (i) there is a material adverse change in the defaulting party’s financial condition, business or prospects that would materially impact the defaulting party’s ability to perform its obligations hereunder; or (ii) the defaulting party fails to materially comply with any of the terms and conditions of this Agreement and all Exhibits, Amendments and Addenda attached hereto (without limiting the generality of the foregoing, an act by Client which exceeds the authority granted herein shall be a material violation), or (iii) any representation or information provided to the nondefaulting party by the defaulting party is materially false or misleading at the time of such disclosure. Notwithstanding the preceding provisions of this Section 8, no such cure period shall apply to Client’s obligation to remit the Face Value of all Payment Instruments it uses or sells hereunder to IPS, in accordance with the provisions and requirements set forth in Section 7 of Part A of this Agreement.
Term and Early Termination. Licensee s permission to utilize the Locker shall commence on the Effective Date and may be terminated upon 30 days prior notice to by either party; provided, however, should Licensee breach or fail to observe any of the covenants and conditions herein contained, after notice (the Notice ) and expiration of a reasonable opportunity to cure such deficiencies, then Xxxxxx xxx, without waiving any other legal rights or remedies, forthwith terminate this agreement. Reasonable opportunity to cure as used herein shall be that period of time required under the circumstances (and as indicated in the notice), but not to exceed 3 calendar days.
Term and Early Termination. The Parties’ respective performances under this Agreement shall commence on the Effective Date. This Agreement shall terminate after ten (10) years of state controllers signature in section 27, unless sooner terminated or completed as demonstrated by final payment and final audit.; and
c) Section 7 of the Agreement shall be deleted in its entirety and replaced by the following:
Term and Early Termination. This instrument shall be effective for the term and/or the fulfillment of the requirements established in the Cover sheet hereto and/or in its exhibit(s) which are part of this instrument and are incorporated by reference hereto. In the event of any breach by Provider, Client shall be authorized to terminate this Agreement, under no responsibility whatsoever, through a mere written notice delivered at Provider’s address, with at least a 15 (fifteen) calendar days-notice prior to the effective early termination date, under no need of a jurisdictional resolution and without incurring in any liability whatsoever.
Term and Early Termination. This agreement shall expire on November 30, 2014, unless terminated earlier as provided herein. The Agreement may be extended only by affirmative vote of both Boards. The Town or Village may terminate this Agreement for any reason or no reason, by majority vote of its governing board, upon thirty (30) days advance notice to the Consultant. If one municipality, but not the other, terminates this Agreement, then the non- terminating municipality may continue to retain the Consultant at its expense. Consultant may terminate this Agreement in the event that the municipality commits a breach of its material obligations hereunder, upon thirty (30) days advance written notice and where the Town and Village does not cure the alleged breach within a reasonable time following written notice thereof.
