Termination By Government Action Sample Clauses

Termination By Government Action. This AGREEMENT will terminate upon the effective date of any applicable federal, state or local law, rule and regulation which nullifies, renders impermissible, or invalidates any of the services or provisions of this AGREEMENT.
Sample 1
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Termination By Government Action. Allixxx xxx xxxminate this Agreement effective thirty (30) business days after written notice is mailed or personally delivered to Authorized Maintenance Center upon the occurrence of any action, including the adoption of any law, regulation or policy, by either the government of the United States of America or a government(s) for which the Authorized Maintenance Center Primary Premises or Branch Location(s) resides, that, in the opinion of Allixxx, xxther adversely affects the ability of Authorized Maintenance Center or Allixxx xx perform their respective obligations hereunder or so changes the relationship between Allixxx xxx Authorized Maintenance Center so as to render the terms and conditions of this Agreement ineffective. Within fifteen (15) business days following the effective date of termination or expiration of this Agreement, Authorized Maintenance Center will furnxxx Xxxxxxx x xist of Items and other hardware as appropriate identifying Product, Module and Part numbers and serial numbers if applicable along with such other information as Allixxx xxx reasonably request pertaining to Products, Modules or Parts offered to Allixxx xx support of Allison's option to repurchase. Thereafter, Allixxx xxxl, within fifteen (15) business days of receipt of such information, advise Authorized Maintenance Center in writing, the eligible Items and other hardware which Allixxx xxxoses to exercise its option to repurchase from Authorized Maintenance Center, along with written shipping instructions thereof. Authorized Maintenance Center will ship or arrange for shipment all such Products, Modules, Parts, or Ground Support Equipment transportation prepaid by Authorized Maintenance Center, to a destination specified by the Service Parts Distribution Center in such instructions. Such shipment will utilize the dedicated Logistics Company unless otherwise stipulated by Allixxx. Authorized Maintenance Center will take such necessary action to execute and deliver such written instruments as may be necessary to convey good and marketable title for all Items and other hardware purchased by Allixxx. Xurther, Authorized Maintenance Center will comply with the requirements of any applicable laws relating to bulk sales or transfer, and satisfy and discharge any liens or encumbrances on all Items, or Ground Support Equipment prior to their sale and delivery to Allixxx, xxd Allixxx xxxl assist as necessary in resolution and discharge of any said liens or encumbrances. Upon the ...
Sample 1

Related to Termination By Government Action

  • 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 Regulators All obligations under this Agreement shall be terminated, except to the extent determined that continuation of this Agreement is necessary for the continued operation of the Bank: (1) by the Director of the Office of Thrift Supervision (the "Director") or his or her designee, at the time the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank under the authority contained in Section 13(c) of the FDIA; or (2) by the Director or his or her designee, at the time the Director or his or her designee approves a supervisory merger to resolve problems related to operation of the Bank or when the Bank is determined by the Director to be in an unsafe or unsound condition. Any rights of the parties that have already vested, however, shall not be affected by any such action.

  • Termination by Xxxxxx This Agreement may be terminated and the Merger Transactions abandoned at any time before the Acceptance Time by Parent:

  • Termination by Licensee 10.1. Licensee will have the right at any time to terminate this Agreement in whole or as to any portion of Patent Rights or Property Rights by giving notice in writing to The Regents. Such Notice of Termination will be subject to Article 20. (Notices) and termination of this Agreement in whole or with respect to any portion of the Patent Rights or Property Rights will be effective 60 days after the effective date thereof.

  • Termination by Any Party This Advisory Agreement may be terminated upon 60 days’ written notice without cause or penalty, by any party (by a majority of the Independent Directors of the Company or the manager of the Advisor).

  • Termination by Licensor Licensor, at its option, may immediately terminate the Agreement, or any part of Licensed Subject Matter, or any part of Field of Use, or any part of Territory, or the exclusive nature of the license grant, upon delivery of written notice to Licensee of Licensor’s decision to terminate, if any of the following occur:

  • 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 Contractor If Owner shall at any time: (i) fail to pay any undisputed amount; (ii) fail to materially comply with any of its material obligations under this Agreement (but only to the extent such material failure and the impact thereof is not subject to adjustment by Change Order as set forth in Section 6.2); or (iii) experience an Insolvency Event (each of the foregoing being an “Owner Default”) then, Contractor has the right (without prejudice to any other rights under the Agreement) to provide written notice to Owner specifying the nature of the Owner Default and demanding that such Owner Default be cured. If: (a) with respect to clause (i) Owner fails to cure such Owner Default within thirty (30) Days after receipt of such notice; (b) with respect to clause (ii), (1) Owner fails to cure such Owner Default within forty-five (45) Days after receipt of such notice or, (2) if the Owner Default cannot be cured within such forty five (45) Day period through the diligent exercise of all commercially practicable efforts, Owner fails to diligently exercise all commercially practicable efforts to cure such condition or fails to cure such condition within ninety (90) Days after receipt of such notice to cure such Owner Default; or (c) Owner experiences an Insolvency Event, Contractor may, in the event of (a), (b) or (c), at its sole option and without prejudice to any other rights that it has under this Agreement, and upon notice to Owner, terminate this Agreement. In the event of such termination under this Section 16.5, Contractor shall have the rights (and Owner shall make the payments) provided for in Section 16.2 in the event of an Owner termination for convenience.

  • 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 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).

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