Termination Circumstances Sample Clauses

Termination Circumstances. This Agreement can be terminated at any time prior to the Closing under any of the following circumstances: A. This Agreement can be terminated by Investing Shareholders, if: (i) occurrence of certain events or situations causing the conditions set out in Section 3.1 (Conditions Precedent) unable to be satisfied by the Deadline; (ii) breach of any representation, warranty or covenant causing the conditions set out in Section 3.1 (Conditions Precedent) unable to be satisfied and such breach is unable to be rectified at Investing Shareholders’ reasonable discretion; (iii) Existing Selling Shareholders’ non-compliance with the covenants and agreements which they are obligated to comply with, causes the conditions set out in Section 3.1 (Conditions Precedent) unable to be satisfied and such non-compliance is unable to be rectified at Investing Shareholders’ reasonable discretion; (iv) Existing Selling Shareholders conduct overall assignment of any material asset of Weland International for the benefits of creditors or Existing Selling Shareholders file any legal proceedings or any legal proceeding is filed against Weland International under any law related to bankruptcy, insolvency or restructuring, for the purpose of declaration of Weland International’s bankruptcy or insolvency or liquidation, reorganization, exemption or debt restructuring. For avoidance of doubt, if this Agreement is terminated by Investing Shareholders due to circumstances set out in Section 8.3(1)A, Existing Selling Shareholders shall refund the relevant amount related to Share Transfer they have received from Investing Shareholders until the date Investing Shareholders announce termination of this Agreement in accordance with Section 3.4 hereunder to Investing Shareholders; the power of attorney and share pledge agreement mentioned in Section 3.1(1)A shall terminate concurrently with Investing Shareholders’ receipt of such amount related to Share Transfer. B. Existing Selling Shareholders or Investing Shareholders mutually agree to terminate this Agreement.

Termination Circumstances. This Agreement will terminate immediately upon the death of Consultant during the Consulting Term. Further, Company shall have the right to terminate this Agreement, with or without cause, by providing thirty (30) days prior written notice to Consultant. Consultant shall have the right to terminate this Agreement upon written notice to Company. Should Consultant or Company elect to terminate this Agreement then such termination shall terminate the obligations of Company and Consultant hereunder and any right of Consultant to any sums payable hereunder after the effective date of the termination.

Termination Circumstances. If any party becomes aware of facts or circumstances that would entitle such party to terminate this Agreement pursuant to Section 8.01, such party shall give immediate notice of such facts or circumstances to the other party or parties, who, notwithstanding any other provision in this Agreement (including, without limitation, the requirement that the Closing occur on or before the Outside Date), shall have ten (10) Business Days in which to rectify such facts or circumstances and the notifying party shall not be entitled to terminate this Agreement, if such facts or circumstances are so rectified. In the event that such notice is given less than ten (10) Business Days prior to the Outside Date, the Outside Date shall be extended to a date which is fourteen (14) Business Days after the date of such notice.