Common use of Termination By GP Clause in Contracts

Termination By GP. (a) Upon the occurrence of any of the following events, GP may terminate this Agreement by giving written notice of such termination to Rentech: (i) Rentech becomes Bankrupt; or (ii) Rentech dissolves and commences liquidation or winding-up. Any termination under this Section 6.1(a) shall become effective immediately upon delivery of the notice first described in this Section 6.1(a), or such later time (not to exceed the first anniversary of the delivery of such notice) as may be specified by GP. (b) In addition to its rights under Section 6.1(b), beginning one year after the completion of the Initial Offering, GP may terminate this Agreement at any time by giving notice of such termination to Rentech. Any termination under this Section 6.1(b) shall become effective 180 days after delivery of such notice, or such later time (not to exceed the first anniversary of the delivery of such notice) as may be specified by GP.

Termination By GP. (a) Upon the occurrence of any of the following events, GP may terminate this Agreement by giving written notice of such termination to Rentech: (i) Rentech becomes Bankrupt; or (ii) Rentech dissolves and commences liquidation or winding-up. Any termination under this Section 6.1(a) shall become effective immediately upon delivery of the notice first described in this Section 6.1(a), or such later time (not to exceed the first anniversary of the delivery of such notice) as may be specified by GP. (b) In addition to its rights under Section 6.1(b6.1(a), beginning one year after the completion of the Initial Offering, GP may terminate this Agreement at any time by giving notice of such termination to Rentech. Any termination under this Section 6.1(b) shall become effective 180 days after delivery of such notice, or such later time (not to exceed the first anniversary of the delivery of such notice) as may be specified by GP.