Termination by Notification. This Agreement may be terminated by the Lenders or Servicer upon 30 days’ prior written notice subject to the following:
(a) The terminating party shall give the non-terminating party (which in the case of a termination by the Servicer shall include each of the Lenders) written notice of the termination of this Agreement pursuant to this Section 9.1 (a “Termination Notice”) which termination shall be effective 30 days following the date of the Termination Notice or any later date provided for in the Termination Notice (the “Termination Date”);
(b) No Termination Notice delivered by the Lenders shall be effective unless such Termination Notice is executed by Lender’s representing at least a Lender Majority;
(c) Upon termination by Lenders or Servicer pursuant to Subsection (a), above, Lenders shall be required to pay to Servicer an amount equal to the sum of (i) any and all Servicing Fees accrued but unpaid as of the Termination Date; plus (ii) any Management Fees accrued but unpaid as of the Termination Date; plus (iii) any Protective Advances and any other sums advanced by Servicer on behalf of the Lenders, plus interest thereon at the Delinquent Rate though the Termination Date;
(d) Following the delivery of a Termination Notice by Servicer or a Lender Majority, Servicer shall take no further actions in connection with the Loan except as directed, in writing, by a Lender Majority; and
(e) Following the delivery or receipt of a Termination Notice by the Lenders, the Lenders shall have the sole responsibility to identify and retain a substitute loan servicer or other agent to act for the Lenders in connection with the Loan (a “Replacement Agent”) and to notify the Servicer of the retention of such Replacement Agent on or before the Termination Date. If a Lender Majority fails to notify Servicer of the appointment of a Replacement Agent by the Termination Date, then Servicer shall be authorized to: (i) distribute any undisbursed funds held for the benefit of the Lenders (less any amounts payable to the Servicer in accordance with subsection (c), above) to the Lenders in accordance with their Fractional Interests or as otherwise required in this Agreement; and (ii) deliver all Loan files in Servicer’s possession to the Lender holding the greatest percentage Fractional Interest in the Loan or any other party identified by a Lender Majority on or prior to the Termination Date.
Termination by Notification any Party hereto may terminate this Agreement by written notification fifteen (15) days in advance, provided that if the Merchant has made commitments on minimum turnover and/or software service fee to Tmall, before the minimum turnover is achieved or the minimum fee is settled, the Merchant may not exercise its right to dissolve this Agreement ex parte. Where the Merchant clicks on the “OK” button for exit online to apply for the termination hereof, the Merchant’s store will forthwith enter into the status of “supervision” (means that within a certain period of time the Merchant’s store and all information on products therein cannot be viewed through searching or visiting the store or product links), and fifteen (15) days later this Agreement will be terminated and the store will formally enter into the exit procedure. The Merchant may and may only use its Tmall account to handle transaction disputes and to settle accounts and invoices with Tmall within thirty (30) days of the withdrawal procedure.
Termination by Notification. If a Master Lease Termination Event occurs, the Lessor (with the consent of the FleetCo Security Agent) or the FleetCo Security Agent may give the other parties hereto written notice (a “Master Lease Termination Notice”) that such event has occurred upon which a Master Lease End Date shall occur.
Termination by Notification. At any time:
15.1.1 Dutch FleetCo is entitled to withdraw from this Agreement for any reason whatsoever upon giving 60 days’ notice to the Spanish Servicer and upon receiving consent to withdraw from the FleetCo Security Agent (a copy of such notice to be provided to the Transaction Agent). The Spanish Servicer expressly waives any indemnity rights vis-à-vis the Dutch FleetCo in respect of expenses, fees and loss of profits to which it will be entitled as a consequence of such withdrawal under Spanish law; or
15.1.2 following one or more of the following events (each a “Servicer Termination Event”):
(i) the occurrence of an Opco Event of Default;
(ii) a Master Lease End Date occurs as a result of the occurrence of a Master Lease Termination Event in relation to any Master Lease Agreement to which such Spanish Servicer acts as servicer for Dutch FleetCo; or
(iii) if the Spanish Servicer is prevented or severely hindered for a period of 60 days or more from complying with its obligations under this Agreement as a result of a Force Majeure Event and such Force Majeure Event continues for 30 Business Days after written notice of such Force Majeure Event has been given by the Security Agent, Dutch FleetCo (with prior consent of the FleetCo Security Agent) and/or the FleetCo Security Agent may terminate the appointment of the Spanish Servicer under this Agreement by giving not less than 5 (five) days’ written notice (a “Servicer Termination Notice”) to the Spanish Servicer, which termination shall take effect on (but not prior to) the earlier to occur of the following events:
(iv) the FleetCo Security Agent notifies the Spanish Servicer that alternative servicing and vehicle recovery arrangements have been implemented which are satisfactory to the FleetCo Security Agent; and
(v) the leases, pursuant to the Spanish Master Lease Agreement, relating to the Vehicles in the Relevant Jurisdiction, which are the subject of the Services under this Agreement, have been or will be, simultaneously with the termination of the Spanish Servicer’s appointment, terminated or expire in accordance with the provisions thereof, provided that, notwithstanding any of the above, (i) if the Spanish Servicer has breached any of its Servicing Obligations (as that term is defined in the Parent Guarantee), no Servicer Termination Event shall be deemed to occur if and to the extent that the Parent has performed its obligations under the Parent Guarantee, and (ii) if the Spanish Servicer has...
Termination by Notification. Any party to the agreement may cancel the agreement by notifying the other party in writing at least three (3) calendar months in advance that he or she wishes to terminate the agreement.
Termination by Notification. If any of the following events (each a "Master Lease Termination Event") occur:
Termination by Notification. Either party shall have the right to terminate this Agreement by notifying the other party with 30 days prior written notice. Upon termination: (i) both parties shall immediately cease all joint marketing and sales activities and (ii) all Confidential Information provided to either party pursuant to this Agreement shall be returned to the disclosing party within 10 business days after the termination of this Agreement, including all documentation, hardware and software (whether or not merged into other materials) or, at a minimum certified by the other party that all copies (in any form or media) have been destroyed; and (iii) both parties shall mutually agree as to how to address any outstanding sales and support efforts, such as sales leads, which were directly caused by the sales efforts from the sales activities prior to termination of this Agreement.
Termination by Notification. Licensee may terminate this Agreement at any time by notifying Licensor in writing. Notwithstanding any termination by Licensee pursuant to this Section 8.2, Licensee shall have the right to sell and distribute the Software out of their then existing inventory of tangible media containing the Software. Any sale of the Software after the termination of this Agreement pursuant to this Section 8.2 shall be subject to the royalty provisions as specified in Section 4 hereof.
Termination by Notification. Either the Company or Employee may --------------------------- terminate Employee's employment hereunder at any time for any reason upon providing the other party with forty-five (45) days written notice of such termination. Upon such termination, Employee's employment and all obligations of the Company hereunder (other than its obligation under Section 1.03, accrued to date of termination, and its obligations under Sections 1.05 and 4.10) shall terminate.
Termination by Notification
