Termination by Federated Sample Clauses

Termination by Federated. Federated may also terminate this Agreement, (i) effective immediately upon giving the Company written notice of termination, (A) if the Company ceases, or admits in writing its intention to cease, the conduct of its business or (B) if a Bankruptcy Event has occurred, or (ii) in any event on 60 calendar days prior written notice from Federated if the Company fails to provide irrevocable stand-by letters of credit to Federated from one or more Qualified Banks as required pursuant to Section 3(e) hereof unless the Company provides such required letters of credit within five calendar days of such written notice from Federated. As used herein, "Bankruptcy Event" means (1) if the Company makes any involuntary assignment of either its assets or its business for the benefit of creditors, (2) if a trustee or receiver is appointed to administer or conduct the Company's business affairs, (3) if the Company is adjudged in any legal proceeding to be a debtor in bankruptcy, or (4) if any insolvency proceedings are commenced against the Company and not terminated or dismissed within 60 calendar days.
Sample 1
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Termination by Federated. Federated may also terminate this Agreement upon ninety (90) days prior written notice to Company if, during any twelve (12) month period from August 1 to July 31, commencing on August 1, 2003, the Company fails to order Products having at least thirty million dollars ($30,000,000) in Product Costs through Federated.
Sample 1

Related to Termination by Federated

  • Termination by Parent This Agreement may be terminated and the Merger may be abandoned at any time prior to the Effective Time by Parent if:

  • Termination by Bank If the Bank, or its successor in interest by merger, or its transferee in the event of a purchase in an assumption transaction (for reasons other than Executive's death, disability, or Cause) (1) terminates Executive's employment within one year following a Change in Control (as defined below), or (2) terminates Executive's employment before the Change in Control but on or after the date that any party either announces or is required by law to announce any prospective Change in Control transaction and a Change in Control occurs within six months after the termination, the Bank will provide Executive with the payment and benefits described in Section 9(d)(3) below.

  • Termination by You In the event of an Employment Separation as a result of a termination by you for any reason, you must provide the Company with at least 14 days advance written notice ("Notice of Termination") and continue working for the Company during the 14-day notice period, but only if the Company so desires to continue your employment and to compensate you during such period. In the event of such termination under this Section, the Company will pay you the earned but unpaid portion of your Basic Salary through the termination date.

  • Termination by Death If the Executive dies during the Employment Term, the Executive’s employment will terminate and the Executive’s beneficiary or if none, the Executive’s estate, shall be entitled to receive from the Company, the Executive’s accrued, but unpaid, Base Salary through the date of termination of employment and any vested benefits under any Employee Plan in accordance with the terms of such Employee Plan and applicable law.

  • Termination by Disability If the Executive becomes Disabled prior to the expiration of the Employment Term, the Executive’s employment will terminate, and provided that such termination constitutes a Separation from Service, the Executive shall be entitled to:

  • Termination by Owner Owner may also terminate this Agreement at any time before Contractor begins the Work and notifies Owner in writing of such commencement if (1) Owner sells the property on which the Work is being performed or (2) the economic climate does not warrant proceeding with the project of which the Work is a part. In such circumstance, Contractor shall be entitled to receive that portion of the Contract Price earned by Contractor for Work performed to the satisfaction of Owner less any payments made before the date this Agreement is terminated. Contractor shall not be entitled to any additional compensation or damages as a result of termination of this Agreement pursuant to this Paragraph 12(c).

  • Termination by Employer for Cause Employer may terminate Employee’s employment hereunder for “Cause” upon notice to Employee. “Cause” for this purpose shall mean any of the following:

  • Termination by Manager Manager shall have the right to terminate this Agreement at any time, with or without cause, upon sixty (60) days written notice to Owner. Manager shall also have the right to terminate this Agreement upon thirty (30) days written notice to Owner for non-payment of fees and expenses due Manager under the terms of this Agreement

  • Termination by Company The Company will have the following rights to terminate this Agreement:

  • Termination by Employer (i) Employer may terminate this Agreement upon written notice for Cause. For purposes hereof, "

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