Termination and Substitution Clause Samples
Termination and Substitution. These terms and conditions may be terminated by any party providing not less than three (3) months’ written notice. Without prejudice to any other rights or remedies to which it may be entitled, the Purchaser may terminate the Contract without liability to the Contractor by giving written notice to the Contractor to take effect immediately or on the date specified in the said notice if: the Contractor commits a material breach of any term or condition of these terms and conditions, and if such breach is capable of being remedied, fails to remedy the breach within thirty (30) days of the notice given by the Purchaser requiring the Contractor to do so; the Contractor has reached Level 3 following a review conducted by a Purchaser pursuant to Clause 18; the Contractor contravenes Clause 20; the Contractor, being an individual, becomes bankrupt or dying or becoming incapable of performing this agreement, or makes any composition or arrangement with, or conveyance or assignment for the benefit of its creditors, or any application is made under any bankruptcy act for the time being in force for a sequestration of its estate, or a trustee is granted by it on behalf of its creditors, or if the Contractor, being a company, enters into a voluntary or compulsory liquidation (other than for the purpose of an amalgamation or reconstruction the terms of which have been agreed by the relevant Purchaser), or if a receiver or examiner of any of its assets is appointed, or if the Contractor is unable to pay its debts within the meaning of Section 570 of the Companies Act, 2014, or the Contractor takes or suffers any analogous action under any other applicable law; the Contractor ceases or threatens to cease to carry on business;
Termination and Substitution. 7.1. These terms and conditions may be terminated by any party pursuant to section 19 of the Schedule. Termination shall take effect on the date specified in the said section 19.1 of the Schedule and shall be without prejudice to any claims which either the Contractor or the Purchaser may have against the other under these terms and conditions. In the event of such termination pursuant to section 19 of the Schedule, the Contractor shall, subject to section 19.5 of the Schedule, be paid such reasonable costs as were accrued prior to the date of termination in respect of Services reasonably ordered and vouched to the satisfaction of the Purchaser but not completed.
7.2. These terms and conditions may be suspended by the Purchaser pursuant to section 19 of the Schedule.
Termination and Substitution. These terms and conditions may be terminated by any party pursuant to section 19 of the Schedule. Termination shall take effect on the date specified in the said section 19.1 of the Schedule and shall be without prejudice to any claims which either the Contractor or the Purchaser may have against the other under these terms and conditions. In the event of such termination pursuant to section 19 of the Schedule, the Contractor shall, subject to section 19.5 of the Schedule, be paid such reasonable costs as were accrued prior to the date of termination in respect of Services reasonably ordered and vouched to the satisfaction of the Purchaser but not completed. These terms and conditions may be suspended by the Purchaser pursuant to section 19 of the Schedule. The Contractor warrants to the Purchaser that neither the Contractor nor any person on the Contractor's behalf has committed any offence under the Prevention of Corruption Acts 1889 to 2010 or the Ethics in Public Office Acts 1995 and 2001 in connection with this Contract or the Works, and nor will they commit any such offence.
Termination and Substitution. 11.1 The University may terminate the Internship with immediate effect by giving written notice to the Company:
11.1.1 if the Company does or permits to be done or fails to do anything, as a consequence of which the University is found to be in breach of its obligations;
11.1.2 if the Company repeatedly breaches any of the terms of the Internship in such a manner as to reasonably justify the opinion that its conduct is inconsistent with it having the intention or ability to give effect to the terms of the Internship.
11.1.3 if the company suspends or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due or admits inability to pay its debts; or
11.1.4 if the company suspends or ceases, or threatens to suspend or cease, carrying on all or a substantial part of its business.
11.2 Any delay by the University in exercising such rights to terminate shall not constitute a waiver of such rights.
11.3 The Company may terminate the Internship with immediate effect by giving written notice to the University if the Intern commits an act of gross misconduct or persistently breaches the Company’s policies. Where the Internship is terminated by the Company, the University may (with the agreement of the Company) use reasonable endeavours to find a suitable replacement Intern to complete the Internship.
11.4 Following termination (however arising) the Company shall refund to the University, within seven (7) Business Days, a pro-rata amount of the Internship Grant remaining (Calculated on the basis of the number of full weeks of the Internship Period remaining) and ensure that the Intern returns all Company property to the Company.
Termination and Substitution. (a) Subject to the provisions of this Agreement and notwithstanding anything to the contrary contained in the Lease, effective as of the Exchange Date, the Release Premises no longer shall be or constitute part of the “Premises” as defined in the Lease and the Substitute Premises shall be added to the Remaining Premises and shall be and become a part of the Existing Premises, with the intent and purpose that the Term of the Lease, with respect to the Release Premises only, be wholly merged and extinguished with the same force and effect as if the Exchange Date were the date set forth in the Lease as the expiration date, except for any obligations or indemnities expressly provided to survive the expiration or termination of the Lease – it being agreed that nothing herein shall relieve Tenant of its responsibilities under the terms of the Lease with respect to any third-party claims arising from events occurring in, on or about the Release Premises, or in connection therewith, and arising or accruing prior to the Exchange Date (including any indemnification obligations and/or insurable claims), all as and to the extent specifically provided for in the Lease.
(b) Tenant represents, warrants and covenants to Landlord, and agrees on behalf of itself and its successors and assigns that (i) Tenant has not done or suffered (and will not do or suffer) anything whereby the Lease or any of the Existing Premises or the Substitute Premises has (or will) become encumbered in any way whatsoever, whether as security or otherwise, except by the “Permitted Encumbrances” set forth on Exhibit “B” attached hereto and made a part hereof and except as set forth in Section 6 below, (ii) Tenant is the sole holder of Tenant’s entire interest under the Lease, (iii) Tenant has not assigned its interests under the Lease or with respect to the Substitute Premises, and (iv) there are no subleases or other occupancy agreements affecting any portion of the Existing Premises or the Substitute Premises nor has Tenant otherwise granted any party any right or option to use the Existing Premises or the Substitute Premises, or any portion thereof, and no such sublease affects the right of Tenant to consummate the termination and substitution contemplated herein, except for the Sublease (hereinafter defined) referenced in Section 6 below.
(c) Through and including the Exchange Date, Tenant shall continue to pay to Landlord any and all rent and other payments, sums or charges due or to become due...
Termination and Substitution. Subject to clause 22.2 (“Confirmation”), the Trust Manager may by giving not less than 5 Business Days notice to the Redraw Facility Provider and the Trustee, declare a Payment Date as the date upon which:
(a) the Redraw Facility Provider will be replaced by a substitute Redraw Facility Provider; and
(b) the Redraw Facility will terminate.
Termination and Substitution