Termination due to delay Sample Clauses

Termination due to delay. 15.2.1 Notwithstanding anything to the contrary contained in this Agreement, in the event that COD does not occur, for any reason whatsoever, within a period of 180 (one hundred and eighty) days from the Scheduled Completion Date, unless the delay is on account of reasons solely attributable to the Authority or due to Force Majeure, the Concessioning Authority may terminate the Concession Agreement. 15.2.2 Upon Termination, the Authority shall be entitled to encash the subsisting Performance Security and appropriate the proceeds as Damages; provided, however, if COD has not occurred solely as a result of the Authority being in default of any of its obligations under ARTICLE 6, it shall, upon Termination, return the subsisting Performance Security.
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Termination due to delay. This Agreement may be terminated by either the Company or Parent if the Closing is not consummated by the Termination Date (provided that the right to terminate this Agreement under this Section 7.2 will not be available to any party whose failure to fulfill any obligation under this Agreement has been the cause of or resulted in the failure of the Closing to occur on or before such date).
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Termination due to delay. 15.2.1 Notwithstanding anything to the contrary contained in this Agreement, in the event that COD does not occur, for any reason whatsoever, within a period of 180 (one hundred and eighty) days from the Scheduled Completion Date, unless the delay is on account of reasons solely attributable to the Authority or due to Force Majeure, the Concessioning Authority may terminate the Concession Agreement.
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Termination due to delay. 13.2.1 Notwithstanding anything to the contrary contained in this Agreement, but subject to Clause 26.6.1, in the event that COD does not occur, for any reason whatsoever, within the period set forth in Clause 13.1, all rights, privileges, claims and entitlements of the Concessionaire under or arising out of this Agreement shall be deemed to have been waived by, and to have ceased with the concurrence of the Concessionaire, and the Concession Agreement shall be deemed to have been terminated by mutual agreement of the Parties.
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Termination due to delay. Buyer is entitled to terminate a Delivery Contract or Purchase Order (at Buyer’s discretion), in whole or in part, with immediate effect for any Supplier’s Delay exceeding thirty (30) calendar days. Supplier is entitled to compensation if, and only to the extent, the result of the Deliverables has a corresponding value to Buyer. Notwithstanding any agreed agreement period or notice period, Buyer is always entitled to terminate specific Delivery Contract(s), in whole or in part, with twenty (20) business days’ prior notice. Buyer shall then accordingly pay for any work performed up to the date the termination is effective to the extent the Deliverables have a corresponding value to Buyer. Buyer is entitled to terminate a Delivery Contract, in whole or in part, where Supplier, following an Acceptance Test or following Buyer´s own control of non-compliance in the Deliverables during the Control Period, has failed to cure such non-compliance regarding certain Deliverables. Buyer shall then pay for any work performed up to the date the termination becomes effective to the extent the Deliverables have a corresponding value to Buyer. Xxxxx is entitled to terminate this Master Agreement with immediate effect if the majority voting power or decision making power of Supplier is transferred to a third party outside the current Supplier group. Either Party is entitled to terminate this Master Agreement with immediate effect, if the other Party is declared bankrupt, has filed a voluntary petition for bankruptcy, or has a voluntary petition of bankruptcy filed against it, or has otherwise become insolvent.
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Termination due to delay. 15.2.1 Notwithstanding anything to the contrary contained in this Agreement, in the event that Construction Compliance Certificate is not issued, for any reason whatsoever, within a period of 180 (one hundred and eighty) days for items as per Clause 3.2 of Schedule 3 of this agreement and 24 (twenty four) months for items as per Clause 3.3 of Schedule 3 of this agreement, as the case may be, from the Scheduled Completion Date, unless the delay is on account of reasons solely attributable to the Authority or due to Force Majeure, the Authority may terminate the Concession Agreement.
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Termination due to delay. If delay in delivery caused by FCS or circumstances relating to FCS, continues for more than three (3) months, Customer may give FCS written notice of immediate termination of the Statement of Work. In such case Customer shall be entitled to a refund of any payments made for undelivered Professional Services as its sole and exclusive remedy. Customer shall not be entitled to any additional damages or other compensation as a result of Customer’s termination of the Statement of Work due to such extended delay.
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Related to Termination due to delay

  • Termination Due to Death If the Optionee’s employment terminates by reason of the Optionee’s death, any portion of this Stock Option outstanding on such date, to the extent exercisable on the date of death, may thereafter be exercised by the Optionee’s legal representative or legatee for a period of 12 months from the date of death or until the Expiration Date, if earlier. Any portion of this Stock Option that is not exercisable on the date of death shall terminate immediately and be of no further force or effect.

  • Termination Due to Death or Disability The expiration of one (1) year from the date of the death of the Optionee or cessation of an Optionee’s employment or contractual relationship by reason of disability (as defined in Section 5.1(g) of the Plan). If an Optionee’s employment or contractual relationship is terminated by death, any Option held by the Optionee shall be exercisable only by the person or persons to whom such Optionee’s rights under such Option shall pass by the Optionee’s will or by the laws of descent and distribution.

  • Termination Due to Disability If the Optionee’s employment terminates by reason of the Optionee’s disability (as determined by the Administrator), any portion of this Stock Option outstanding on such date shall become fully exercisable and may thereafter be exercised by the Optionee for a period of 12 months from the date of termination or until the Expiration Date, if earlier.

  • Termination due to Force Majeure 13.5.1 If the Force Majeure Event or its effects continue to be present beyond the period as specified in Article 4.5.3, either Party shall have the right to cause termination of the Agreement. In such an event, this Agreement shall terminate on the date of such Termination Notice.

  • Termination Due to Death, Disability or Retirement In the event the Optionee’s employment or other service with the Company and all Subsidiaries is terminated by reason of death, Disability or Retirement, this Option will remain exercisable, to the extent exercisable as of the date of such termination, for a period of one year after such termination (but in no event after the Time of Termination).

  • Termination Due to Retirement Subject to Section 7 below, in the event of Termination due to Retirement, then (regardless of any subsequent death of the Employee) the Option will continue to vest pursuant to Section 3, and the last date on which the Option may be exercised is the day prior to the Expiration Date.

  • Termination Due to Force Majeure Event If the period of Force Majeure continues or is in the reasonable judgment of the Parties likely to continue beyond a period of 120 (one hundred and twenty) Days, the Parties may mutually decide to terminate this Agreement or continue this Agreement on mutually agreed revised terms. If the Parties are unable to reach an agreement in this regard, the Affected Party shall after the expiry of the said period of 120 (one hundred and twenty ) Days be entitled to terminate the Agreement in which event, the provisions of Articles 16 and 17 shall, to the extent expressly made applicable, apply.

  • Termination Due To Lack Of Funding Appropriation If, in the judgment of the Director of Accounts and Reports, Department of Administration, sufficient funds are not appropriated to continue the function performed in this agreement and for the payment of the charges hereunder, State may terminate this agreement at the end of its current fiscal year. State agrees to give written notice of termination to contractor at least 30 days prior to the end of its current fiscal year, and shall give such notice for a greater period prior to the end of such fiscal year as may be provided in this contract, except that such notice shall not be required prior to 90 days before the end of such fiscal year. Contractor shall have the right, at the end of such fiscal year, to take possession of any equipment provided State under the contract. State will pay to the contractor all regular contractual payments incurred through the end of such fiscal year, plus contractual charges incidental to the return of any such equipment. Upon termination of the agreement by State, title to any such equipment shall revert to contractor at the end of the State's current fiscal year. The termination of the contract pursuant to this paragraph shall not cause any penalty to be charged to the agency or the contractor.

  • Termination of Employment Due to Death The Officer’s employment with the Bank shall terminate, automatically and without any further action on the part of any party to this Agreement, on the date of the Officer’s death. In such event, the Bank shall pay and deliver to his estate and surviving dependents and beneficiaries, as applicable, the Standard Termination Entitlements.

  • Termination as a Result of Death or Disability The Executive’s employment with the Company shall terminate automatically upon the Executive’s death during the Employment Term. If the Disability of the Executive has occurred during the Employment Term (pursuant to the definition of “Disability” set forth below), the Company may give to the Executive written notice of its intention to terminate the Executive’s employment. In such event, the Executive’s employment with the Company shall terminate effective on the 30th day after receipt of such notice by the Company (the “Disability Effective Date”), provided that, within the 30 days after receipt of notice, the Executive shall not have returned to substantial performance of the Executive’s duties. For purposes of this Agreement, “Disability” shall mean the absence of the Executive from the Executive’s duties with the Company for 120 consecutive days, or a total of 180 days in any 12-month period, as a result of incapacity due to mental or physical illness which is determined to be total and permanent by a physician jointly selected by the Company and the Executive or the Executive’s legal representative, or, if the parties cannot agree on the selection of such physician then each shall choose a physician and the two physicians shall jointly select a physician to make such binding determination.

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