TERMINATION BY GRANTEE. Subject to State approval which may be reasonably withheld, Grantee may terminate this Agreement and be relieved of contractual obligations. In doing so, Grantee must provide a reason(s) for termination. Grantee must submit all progress reports summarizing accomplishments up until termination date.
TERMINATION BY GRANTEE. Grantee may terminate this Agreement effective upon delivery of written notice of termination to A g e n c y , or at such later date as may be established by Grantee in such written notice, if:
TERMINATION BY GRANTEE. The Grantee may unilaterally cancel the grant at any time prior to the first payment on the grant although the Department must be notified in writing prior to cancellation. After the initial payment, the Project may be terminated, modified, or amended by the Grantee only by mutual agreement of the Grantee and the Division. Request for termination prior to completion must fully detail the reasons for the action and the proposed disposition of the uncompleted work.
TERMINATION BY GRANTEE. Grantee may terminate this Agreement, with or without cause, with ten (10) days’ written notice to DIT. Upon such termination of this Agreement, Xxxxxxx shall return all disbursed funds and DIT will pursue all available remedies pursuant to Section 6(c).
TERMINATION BY GRANTEE. This Agreement may be terminated by GRANTEE without penalty for convenience by providing sixty (60) days prior written notice to GRANTOR. Upon termination GRANTOR will fill all previously accepted purchase orders from GRANTEE provided that GRANTEE is in good credit standing.
TERMINATION BY GRANTEE. In the event GRANTEE for any reason wishes to terminate its inclusion of the ZONE SITE in Foreign-Trade Xxxx Xx.000, GRANTEE shall deliver a written notice to OPERATOR at least one hundred eighty (180) days prior to any action removing the ZONE SITE from the Zone Project. OPERATOR shall have the right, directly or through another entity, to petition the Foreign-Trade Zones Board for permission to transfer the right and obligations of GRANTEE to another zone grantee. In the event that OPERATOR should default in its obligations hereunder, except such defaults as may be caused by Acts of God or the public enemy, confiscation of facilities, compliance with other order of any governmental authority, acts of war or sabotage or damage resulting therefrom, import or export restrictions, fires, floods, explosions, accidents, breakdowns, riots or strikes or other concerted acts of workmen, either direct or indirect, or any cause whether or not of the same class or kind of those specifically above named which are not within the control of OPERATOR and which, by the exercise of reasonable diligence, said party is unable to prevent or provide against, the GRANTEE shall order in writing the immediate correction of the default of its obligations by OPERATOR. The GRANTEE may terminate this Agreement, unless OPERATOR commences to cure the default within thirty (30) days. Without limiting the generality of the foregoing, failure of OPERATOR to maintain the FTZ Operator’s Bond shall allow the GRANTEE grounds for the immediate termination of this Agreement. This Agreement or any rights hereunder shall not be subject to involuntary assignment, transfer or sale or to assignment, transfer or sale or operation of law, and any such attempted involuntary assignment, transfer of sale shall be void and of not effect. Without limiting the generality of the foregoing, OPERATOR agrees that in the event any proceedings under the Bankruptcy Act or any amendment thereto be commenced by or against OPERATOR, and if against Operator, said proceedings shall not be dismissed before either adjudication in bankruptcy or in confirmation, arrangement or plan of reorganization, - or in the event OPERATOR be adjudged insolvent or make an assignment for the benefit of its creditors, or if a writ of attachment or execution be levied against any real or personal property owned or leased by OPERATOR within the ZONE SITE and be not released or satisfied within forty-five (45) days thereafter, or if a rece...
TERMINATION BY GRANTEE. Any time after signing this Agreement, Xxxxxxx may terminate this Agreement for any reason whatsoever upon written notification to ODNR. If Grantee terminates this Agreement, Grantee shall not incur any new obligations using grant funds and shall use its reasonable best efforts to cancel as many outstanding obligations of grant funds as possible. Grantee shall return all unused grant funds to ODNR within thirty (30) days of termination. Upon Xxxxxxx’s termination, Grantee shall repay ODNR all funds transferred under this Agreement.
TERMINATION BY GRANTEE. GRANTEE shall have the right, if COMPANY is in breach of its obligations under this Agreement, to terminate this Agreement and all rights and obligations hereunder, provided that GRANTEE has given written notice to COMPANY regarding the breach of this Agreement and COMPANY fails to either pay any sums due within forty-five (45) days of receipt of such notice or, where correction of such deficiency requires a longer period and COMPANY has failed to commence to correct such deficiency within forty-five (45) days of receipt of such notice and to correct such deficiency within a reasonable period thereafter. Additionally, the GRANTEE shall have the right to terminate this Agreement immediately for cause due to cancellation of the COMPANY FTZ Operator’s bond, the expiration of its liability insurance policy or the suspension of the grant by the FTZB.
TERMINATION BY GRANTEE. If the Grantee terminates his or her employment with the Company and its Subsidiaries for any reason other than death, Disability or following the satisfaction of the Age and Service Requirements within the one-year period after this Option is exercised, the Grantee shall pay to the Company, with respect to each Share that is issued pursuant to such exercise, the excess of the Fair Market Value of a Share on the date of exercise over the Exercise Price. This requirement shall be waived only if the Company (or its duly appointed agent(s)) determines in its sole discretion that such waiver is in the best interests of the Company and its Subsidiaries.
TERMINATION BY GRANTEE. If the Grantee terminates his or her employment with the Company and its Subsidiaries for any reason other than death, Disability or following the satisfaction of the Age and Service Requirements within the one-year period after this SAR is exercised, the Grantee shall pay to the Company the cash payment received for all Shares subject to such exercise. This requirement shall be waived only if the Company (or its duly appointed agent(s)) determines in its sole discretion that such waiver is in the best interests of the Company and its Subsidiaries.
