Term Termination Rights Sample Clauses
The 'Term; Termination Rights' clause defines the duration of the agreement and the conditions under which either party may end the contract. It typically specifies the start and end dates of the agreement, outlines any automatic renewal provisions, and details the circumstances—such as breach, insolvency, or mutual agreement—that allow for early termination. This clause ensures both parties understand how long their obligations last and under what situations they can exit the contract, thereby providing clarity and managing risk in the business relationship.
Term Termination Rights. The term of this Agreement shall commence as of the Effective Date above and shall continue until terminated in accordance with this SECTION 7.1. Subject to SECTION 1.4 and SECTION 7.2, any party shall have the right at any time to terminate all or any part of the services provided under this Agreement as to itself upon not less than 30 days' prior written notice. Such termination shall not relieve a terminating party of its obligations up to and including the date of termination. SECTION 6.2.
Term Termination Rights. This Agreement shall become effective ------------------------ on the effective date of that certain Contribution Agreement dated the date hereof, by and among the parties hereto, and shall terminate as to any of the Intelligroup Facilities (including the Premises) on the effective date of the termination contemplated by Section 1 or 2 hereof.
Term Termination Rights a. The term of this Agreement shall commence on the commencement date of the Hansen Lease and continue throu▇▇ ▇▇▇y 31, 2002 (the "Term"). The existing agreement between the parties, as of the date hereof, shall continue in effect until commencement of the Term, after which said agreement shall be superseded and replaced in its entirety by the terms of this Agreement. This Agreement shall be renewed annually after the Term (each such annual renewal constituting a "Renewal Term"), unless a party hereto gives the other not less than sixty (60) days prior written notice of its intention to terminate this Agreement at the end of the then current Term or Renewal Term, as the case may be.
b. Notwithstanding Section 7(a), this Agreement may be terminated by Hansen prior to expiration of ▇▇▇ ▇▇rm in the event that USCM fails to satisfy in material respects its duties or obligations hereunder with respect to Hansen beverage products on mo▇▇ ▇▇▇n ____% of the bills of lading executed in any calendar month (a "Default" hereunder); provided, however, that USCM shall not be deemed to be in Default hereunder unless it is notified in writing by Hansen of the facts constitutin▇ ▇ ▇efault and such failure is not corrected within thirty (30) days of USCM's receipt of such notice, except that in no event shall Hansen be required to provide an ▇▇▇▇rtunity to cure with respect to more than one (1) Default in any consecutive twelve-month period.
c. Notwithstanding Section 7(a), this Agreement may be terminated by USCM prior to expiration of the Term in the event that Hansen fails to pay any amount d▇▇ ▇▇reunder within ten (10) days of being notified by USCM in writing of Hansen's failure to make timely ▇▇▇▇▇▇▇.
Term Termination Rights. This Agreement shall become effective on the effective date of that certain Contribution Agreement dated the date hereof, by and among the parties hereto, and shall terminate as to any of the PCR Facilities (including the Premises) on the effective date of the termination contemplated by Section 1 or 2 hereof.
Term Termination Rights. This Easement shall be effective upon execution by the Authorized Representatives and shall be for a term of ninety- nine (99) years. Provided, however, this Easement shall automatically renew for an additional term of ninety-nine (99) years unless either party provides written notice (as required herein) to the other party at least twelve (12) months prior to the time for the automatic renewal that such renewal shall not take place. In the event of such notice, this easement shall terminate at the end of the original term.This Easement may be terminated by Grantor for Grantee’s failure, neglect, or refusal to fully and promptly comply with any or all conditions of this grant, or for the nonuse for a period of two (2) consecutive years, or for abandonment.
Term Termination Rights. (A) The Original Term of the Definitive Agreement is to be for six (6) months, which can be extended as provided in Paragraph 3(B), with reasonable rights of cancellation by either party for non-performance or breach of terms by a party providing written notice thereof to the other party, provided, --------- however, that the party exercising its rights hereunder shall first provide the ------- other party with thirty (30) days prior written notice of the non-performance or breach and the other party shall have failed to cure the same within the thirty (30) day period.
(B) Notwithstanding any other provision of this Agreement, UltraCard is to have the right to terminate and/or cancel this Agreement at any time by providing and delivering to CPI a Written Notice of Termination, which termination shall be effective upon receipt of the same by CPI (the" Effective Date of Termination").
(C) In the event that UltraCard exercises its rights set forth in Paragraph 8(B) above, UltraCard's obligation shall be to pay the actual costs incurred by CPI to the Effective Date of Termination.
Term Termination Rights. This Agreement shall become effective on the date hereof and shall terminate as to the Premises on the effective date of the termination contemplated by Section 1 hereof.
Term Termination Rights. The term of this Agreement shall commence as of the Effective Date and shall terminate, and have no further force or effect, in respect to either party hereto, upon the earliest of the following: (a) December 31, 2014 or (b) written agreement of Asuragen and ▇▇▇▇▇ Therapeutics; provided, however that Asuragen or ▇▇▇▇▇ Therapeutics may, in its sole discretion, terminate this Agreement at any time upon one hundred and eighty (180) days’ notice to the other party. Asuragen and ▇▇▇▇▇ Therapeutics agree that Article 3 and Article 5 will survive termination of this Agreement. Either party may terminate this Agreement immediately in the event of liquidation, bankruptcy or insolvency of the other party or the appointment of a receiver or trustee for the property of the other party, or if the other party makes an assignment for the benefit of creditors, whether any of the aforesaid events are the outcome of a voluntary act or otherwise.
Term Termination Rights. The first sentence of Section 4.1 will be deleted in its entirety and will be replaced with: The term of this Agreement shall commence as of the Effective Date and shall terminate, and have no further force or effect, in respect to either party hereto, upon the earliest of the following: (a) August 31, 2016, or (b) the expiration or earlier termination of the Sublease, or (c) written agreement of Asuragen and ▇▇▇▇▇ Therapeutics; provided, however that Asuragen or ▇▇▇▇▇ Therapeutics may, in its sole discretion, terminate this Agreement at any time upon one hundred and eighty (180) days’ notice to the other party.
Term Termination Rights. The Term shall begin on the Effective Date of the Agreement and shall last until December 31, 2021. The term shall continue on an annual basis thereafter until terminated by either Party upon 180 days’ prior notice. Agreement may otherwise be terminated as set forth in the Default section of the Agreement.