TERMINATION AND PENALTIES. If the Member does not abide by the terms in the “Participation Requirements” section above, the Member shall refund a pro‐rata share of the of the total EMV Funding Benefit to CSCU in addition to any other obligations set forth in the Membership Agreement and Rules. The pro‐rata refund share amount will be equal to the calculation of the number of months remaining on the Term divided by the total number of Months in the Term times the EMV Funding Benefit for all Eligible BINs.
TERMINATION AND PENALTIES. 13.1 This Agreement may be terminated by either Party, for good cause, upon the occurrence of the following events:
13.1.1 In the event of contractual default, at the sole discretion of the non-defaulting Party, upon failure by the defaulting Party to comply with its obligation within thirty (30) days following the receipt of notice from the non-defaulting Party, being the defaulting Party subject to payment of damages and the contractual penalty provided in Section 13.3 below.
13.1.2 Insolvency, judicial or extrajudicial reorganization, bankruptcy, dissolution or winding-up of any Party, in which event this Agreement shall be deemed to have been automatically terminated, irrespective of notice.
13.2 Except for the events provided for in Section 13.1 above, the Agreement may only be terminated by a written instrument duly signed by the Parties by mutual agreement.
13.3 The Parties agree that (i) any material breach of the rights and obligations of each Party provided in this Agreement or (ii) the termination of this Agreement before the end of the term provided for in Section 2.3 and in accordance with the Section 13.1, shall, without prejudice to damages and any other rights or remedies that may be available, subject the Party causing the early termination or giving rise to the breach, including the anticipated termination of any successive renewals, as the case may be, to a punitive and non-compensatory penalty in the amount of fifty million reais (R$50.000.000,00).
13.3.1 For the avoidance of doubt, any termination of this Agreement being fully agreed among the Parties, whether anticipated or not, shall not subject any Party, in any event, to the punitive and non-compensatory penalty aforementioned.
14.1 For the purposes of this Agreement, Confidential Information shall mean:
(a) any information relating to this Agreement, the platform and the E-Commerce of the Brands, including, but not limited to, agreements of any kind, technical information, flows, organizational structures, procedures, expertise, know-how, as well as any other information disclosed by one Party (the “Disclosing Party”) and/or its respective representatives or advisors (“Representatives”) or any of its Affiliates.
(b) any non-public, confidential, proprietary or patentable information relating to the Disclosing Party, its Affiliates, any shareholder, employee or customer of the Disclosing Party, that have been obtained by the other Party (the “Receiving Party”) or by its Representat...
TERMINATION AND PENALTIES. This Agreement may be terminated by either Party, for good cause, upon the occurrence of the following events:
TERMINATION AND PENALTIES. This AGREEMENT may be terminated by any of the parties for breach of understanding in any clauses of this agreement giving 30(thirty) days’ notice to either Party giving clearly account of the reasons for such termination in accordance with clause 13 supra. If either of the participant of the contract wants to back out from the contract before the live job starts, has to pay a compensation of Rs. 8,500 (Rupees Eight thousand five hundred only) per seat to the other party. With the mutual consent of both the parties, this AGREEMENT can be terminated at shorter notice. On termination from either Party for whatever reason, the payments due to SECOND PARTY for the work done till the date of termination should be paid as payment clause of the Agreement. The project assigned to the SECOND PARTY is based on good faith and apparent competence. Should the SECOND PARTY fail to achieve the required level of quality of work or unable to complete the monthly tasks in time, then a penalty, not exceeding Rs.5,000 per system shall by imposed and if the SECOND PARTY still fails to perform as desired, then the project may be terminated and no claims/request for compensation will be entertained.
TERMINATION AND PENALTIES. I understand that if I violate Novant’s confidentiality policies or this agreement that I may be subject to disciplinary action, including termination of employment/relationship and criminal charges.
TERMINATION AND PENALTIES. 12.1- The following is cause of breach of the PURCHASE ORDER:
12.1.1- the noncompliance or the irregular compliance with any of its clauses or conditions;
TERMINATION AND PENALTIES. Customer must submit 30 day written notification to Star Communications to terminate this contract prior to end of full term. Penalty for early termination of contract is as follows:
TERMINATION AND PENALTIES. Failure by the CUSTOMER to pay the amounts set forth in this Agreement may cause, at any time, the termination of this Agreement by the CONTRACTOR and imposition upon the CUSTOMER of the contractual penalty under the Master Agreement referred to in the preamble, of the amounts and percentages set in the previous clause, of the installments due, as well as other applicable sanctions.
TERMINATION AND PENALTIES. 12.1- The following is cause of breach of the AGREEMENT:
12.1.1- the noncompliance or the irregular compliance with any of its clauses or conditions;
TERMINATION AND PENALTIES. In the event LENDER has to take any judicial or administrative proceedings to receive the amount of the loan, such amount shall be paid added up by all legal additions established in Section 3 hereof, and, for the purposes of calculating interest, monetary correction and further legal penalties, the procedures shall be those established in the documents described in Section 2 hereof.
