Termination by Either Party Sample Clauses
The 'Termination by Either Party' clause allows both parties to end the agreement under specified conditions. Typically, this clause outlines the procedures for providing notice, any required advance warning period, and may specify acceptable reasons for termination, such as breach of contract or convenience. Its core function is to provide flexibility and a clear exit mechanism for both parties, reducing the risk of being locked into an unfavorable or unworkable agreement.
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Termination by Either Party. This Agreement may be terminated upon 60 days written notice without cause or penalty by either the Company (acting through the Conflicts Committee) or the Advisor. The provisions of Articles 1, 10, 12, 13, 15 and 16 shall survive termination of this Agreement.
Termination by Either Party. This Agreement may be terminated upon 60 days written notice without Cause or penalty, by either party (by a majority of the Independent Directors of the Company or a majority of the Board of Directors of the Advisor, as the case may be).
Termination by Either Party. This Agreement shall be subject to --------------------------- termination upon the occurrence of any of the following events:
(a) Either Party may terminate prior to the commencement of Year 3 by providing written notice to the other Party at least ninety (90) calendar days prior to the end of Year 2. Such termination shall be effective as of the commencement of Year 3. If the foregoing termination occurs, subject to Sections 10.3 and 10.4, all obligations of the Parties relating to Year 3 of the Agreement shall not apply.
(b) HealthCentral may terminate if AltaVista fails to deliver at least [*] of the guaranteed number of Advertising Impressions, set forth in Section 4.2 and 4.3 (prorated evenly on a monthly basis over a twelve (12) month period), for any consecutive six (6) month period, provided that -------- AltaVista shall have ninety (90) calendar days following the end of such six month period within which to make up the shortfall by delivering more than [*] of the guaranteed number of Advertising Impressions. In the event AltaVista delivers more than [*] of the guaranteed number of Advertising Impressions, HealthCentral shall no longer have a right to terminate this Agreement pursuant to this section. Such termination shall become effective upon sixty (60) calendar days' written notice to AltaVista.
(c) AltaVista may terminate this Agreement pursuant to Section 3.6.
(d) Either Party may terminate if the other commits a material breach of this Agreement that is not cured within thirty (30) calendar days after receipt of written notice of the breach.
(e) Either party may terminate immediately upon notice if:
(i) either Party files a petition for bankruptcy or is adjudicated a bankrupt; [*]=CERTAIN INFORMATION ON THIS PAGE HAS BEEN OMITTED AND FILED SEPARATELY WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH RESPECT TO THE OMITTED PORTION.
(ii) a petition in bankruptcy is filed against either Party and such petition is not removed or resolved within ninety (90) calendar days;
(iii) either Party becomes insolvent or makes an assignment for the benefit of its creditors or an arrangement for its creditors pursuant to any bankruptcy law;
(iv) either Party discontinues its business; or
(v) a receiver is appointed for either Party or its business.
(f) Either party may terminate if the other Party has any change in the actual or beneficial ownership or control of more than fifty percent (50%) of its voting stock in one or more related tr...
Termination by Either Party. Either party, with or without cause, may terminate this Agreement upon thirty (30) days written notice of termination to the other party.
Termination by Either Party. This Agreement may be terminated upon 60 days’ written notice without cause or penalty by either party.
Termination by Either Party. Termination for continuing Force Majeure Event Either Party may, by issuing a Termination Notice to the other Party, terminate this Call Off Contract in accordance with Clause 40.6.1(a) (Force Majeure).
Termination by Either Party. This Agreement may be terminated by either Party on ninety (90) days’ written notice or on a date mutually agreed on by the Parties.
Termination by Either Party. If a Party fails to comply with any of the terms of this Agreement, the other Party may terminate this Agreement upon at least ten days’ notice to the other Party or upon failure of
Termination by Either Party. Either Party may terminate this agreement (in whole or in part) by giving written notice if:
(a) the other Party is in material breach of this agreement, provided if the breach is capable of remedy, the other Party must give written notice of such breach and a period of 30 calendar days from the said notice to remedy such breach; or
(b) an Insolvency Event occurs in relation to the other Party.
Termination by Either Party. This Agreement may be terminated immediately without penalty (but subject to the requirements of Section 20 hereof) by the Advisor by written notice of termination to the Company upon the occurrence of events which would constitute Good Reason or by the Company without cause or penalty (but subject to the requirements of Section 20 hereof) by action of a majority of the Independent Directors or by action of a majority of the Shareholders, in either case upon 60 days' written notice.