Term and Notice Sample Clauses
Term and Notice. Unless terminated pursuant to Section 5.2, the term of this Agreement shall extend to the later of (i) the distribution of the final payment or Liquidation Proceeds on the last Mortgage Loan to the Owner and (b) the disposition by the Servicer of all Mortgaged Properties acquired upon foreclosure of the last Mortgage Loan and the remittance of all funds due hereunder. Appointment of a successor Servicer shall be subject to the following conditions: (i) written confirmation from the Rating Agencies shall have been obtained that appointment of such successor servicer will not result in the qualification, reduction or withdrawal of any rating assigned to an outstanding Class of Securities, (ii) the Master Servicer shall have consented to such appointment, (iii) such successor Servicer shall have entered into a servicing agreement substantially similar to this Agreement and (iv) the successor Servicer shall be able to make the representations and warranties set forth in Article VII hereof on the date it commences servicing the Mortgage Loans.
Term and Notice. The term of this Agreement shall extend to the Termination Date (as defined in Section 10.01 of the Pooling and Servicing Agreement). At any time during the term hereof, Bayview may, without cause, by forty-five (45) days prior written notice to the Servicer, terminate this Agreement as to all but not less than all Mortgage Loans then being serviced. Bayview shall reimburse the Servicer and the Master Servicer for the reasonable costs and expenses associated with transfer of the servicing to a successor Servicer. Appointment of a successor Servicer by Bayview shall be subject to the following conditions: (i) written confirmation from the Rating Agencies shall have been obtained that appointment of such successor servicer will not result in the reduction or withdrawal of any rating assigned to an outstanding Class of Certificates, (ii) the Master Servicer shall have consented to such appointment and all applicable provisions of the Pooling and Servicing Agreement shall have been complied with, (iii) such successor Servicer shall have entered into a servicing agreement substantially similar to this Agreement. At any time during the term hereof, the Servicer may, without cause, by one hundred twenty (120) days prior written notice to Bayview, the Master Servicer and the Trustee, terminate this Agreement as to all but not less than all Mortgage Loans then being serviced; provided, however, the Servicer shall continue to service the Mortgage Loans notwithstanding the expiration of such one hundred twenty (120) day period until a successor servicer shall have been appointed in accordance with this Agreement and the Pooling and Servicing Agreement.
Term and Notice. 3.1 The terms of this Agreement and the provision of services to the Company during the course of the Executive’s employment by the Company shall commence on the date of the initial closing of the Merger and, subject to the provisions of clause 17, continue thereafter unless and until terminated by:
(A) the Company giving to the Executive not less than 12 months’ written notice; or
(B) subject to clauses 16.1(A) and 16.1(B), the Executive giving to the Company not less than 6 months’ written notice.
3.2 For the purposes of the Employment Rights Xxx 0000, the Executive’s period of continuous employment with the Company commenced on 19 June 2007.
3.3 The Company reserves the right at any time, in its absolute discretion, to terminate the Executive’s employment by paying to the Executive a sum equal to his salary and contractual benefits for the relevant period of notice, such sum to be subject to deductions for income tax and National Insurance Contributions as appropriate.
Term and Notice. The term of this Agreement shall extend to the Termination Date (as defined in Section 10.01 of the Pooling and Servicing Agreement). Appointment of a successor Servicer shall be subject to the following conditions: (i) written confirmation from the Rating Agencies shall have been obtained that appointment of such successor servicer will not result in the qualification, reduction or withdrawal of any rating assigned to an outstanding Class of Certificates if so provided in the Pooling and Servicing Agreement, (ii) the Master Servicer shall have consented to such appointment, as provided in the Pooling and Servicing Agreement, (iii) such successor Servicer shall have entered into a servicing agreement substantially similar to this Agreement and (iv) the successor Servicer shall be able to make the representations and warranties set forth in Article VII hereof on the date it commences servicing the Mortgage Loans.
Term and Notice. The License and privileges herein granted Licensee for the use and maintenance of the structures and/or crossing under this Agreement shall continue for so long and only so long as Licensee, its successors and assigns comply with the provision hereof. Licensee agrees that in case of any failure on the part of Licensee to fully perform the covenants and agreements to be performed hereunder, this License may be immediately revoked and terminated and the task performed by Licensor at Licensor’s sole election. Licensor agrees to give Licensee written notice of its election to Licensee addressed as follows:
Term and Notice a) This Agreement shall remain in effect for one (1) year commencing on the Effective Date and shall be automatically renewed for successive one (1)-year periods unless terminated earlier in accordance with the terms of this Agreement. Either party may immediately terminate this Agreement at any time by giving written notice to the other party.
b) If Servicer does not cure any breach under this Agreement within ten (10) days after receiving notice from ABC, then Contractor shall be in default of this Agreement and ABC, at its sole discretion, may seek damages, including without limitation, court costs, attorney fees, and consequential secondary damages.
c) ABC also may terminate this Agreement as set forth herein. Servicer shall immediately notify ABC of Servicer’s insolvency, bankruptcy, or potential financial instability.
d) Any notice or other written communication is deemed given:
i. Three (3) days after deposit in the U.S. Mail, postage prepaid;
ii. When sent by facsimile or electronic mail (with date/time noted);
iii. On the next business day if sent overnight by priority courier; or
iv. When personally delivered to an authorized representative of the party receiving notice.
Term and Notice. 3.1 The terms of this Amended and Restated Employment Agreement shall be deemed effective as of the Effective Date but the employment relationship between the Parties has commenced as of the date of the Prior Employment Agreement. Subject to the provisions of clause 17, this Agreement shall continue to be effective for an indefinite term unless and until terminated by:
(A) the Company giving to the Executive not less than 12 months’ written notice; or
(B) the Executive giving to the Company not less than 6 months’ written notice, unless Executive’s resignation is for Good Reason in which case the Executive shall have given to the Company not less than 14 days’ written notice.
3.2 Under no circumstance may the Executive’s employment be terminated by the Company under clauses 3.1(A) and 17 or otherwise, or placed on paid leave under clause 19.3, without the affirmative vote of 2/3rds of the members of the Board of the Listed Company.
3.3 The Company reserves the right at any time, in its absolute discretion but always subject to clause 3.2, to terminate the Executive’s employment by paying to the Executive a sum equal to his salary and contractual benefits for the relevant period of notice specified in clause 3.1, simultaneously with the Severance Payment provided in clause 16.1(A) and the payment of any other amount as provided in clause 16.2.
3.4 It is expressly agreed that the terms of this Agreement relating to the termination of the employment (including without limitation under clauses 3.1(A), 3.2, 3.3 and 17) shall apply in addition to any rights or benefits provided by the applicable provisions of Greek labour law as in force from time to time (including Law 2112/1920 in conjunction with Law 3198/1955 as may be amended or replaced)..
Term and Notice. 3.1 The terms of this Agreement and the provision of services to the Company during the course of the Executive’s employment by the Company shall commence on the date of the initial closing of the Merger and, subject to the provisions of clause 17, continue thereafter unless and until terminated by:
(A) the Company giving to the Executive not less than 6 months’ written notice; or
(B) the Executive giving to the Company not less than 3 months’ written notice.
3.2 For the purposes of the Employment Rights Xxx 0000, the Executive’s period of continuous employment with the Company commenced on 23 January 2008.
3.3 The Company reserves the right at any time, in its absolute discretion, to terminate the Executive’s employment by paying to the Executive a sum equal to his salary and contractual benefits for the relevant period of notice, such sum to be subject to deductions for income tax and National Insurance Contributions as appropriate.
Term and Notice. 3.1 The terms of this Agreement and the provision of services to the Company during the course of the Executive’s employment by the Company shall commence on the date of the initial closing of the Merger and, subject to the provisions of clause 17, continue thereafter unless and until terminated by:
(A) subject to clause 16.1(C)(ii), the Company giving to the Executive not less than 9 months’ written notice; or
(B) subject to clauses 16.1(A), 16.1 (C)(ii) and 16.2(A), the Executive giving to the Company not less than 6 months’ written notice.
3.2 For the purposes of the Employment Rights Xxx 0000, the Executive’s period of continuous employment with the Company commenced on 23 January 2008.
3.3 The Company reserves the right at any time, in its absolute discretion, to terminate the Executive’s employment by paying to the Executive a sum equal to his salary and contractual benefits for the relevant period of notice, such sum to be subject to deductions for income tax and National Insurance Contributions as appropriate.
Term and Notice. 4.1 The Executive's employment with the Company under this Deed of Agreement will commence on the date hereof.
4.2 The Executive's period of continuous employment with the Company commenced in December 1970.
4.3 Subject to the provisions for earlier termination contained in this Deed of Agreement, the Executive's employment shall continue for an initial term of three years from the date hereof and thereafter until terminated by either party giving to the other not less than 3 months' written notice.