Termination for Failure of Conditions Sample Clauses

Termination for Failure of Conditions. (a) Subject to Section 2.5(d), each Party shall have the right to terminate this Agreement without liability to either Party arising out of such termination upon notice to the other if any of the conditions set forth in Section 2.3(a) shall not have been satisfied (or waived by Seller in accordance with the requirements of Section 19.8) as of the date specified therein. Such termination right shall remain available until such condition is satisfied or waived.
Sample 1Sample 2Sample 3See All (26)
AutoNDA by SimpleDocs
Termination for Failure of Conditions. 2.4 If any of the Conditions are not satisfied or waived upon or prior to 31 December 2006, then:
Sample 1Sample 2
Termination for Failure of Conditions. Subject to the provisions of this Section, this Agreement may be terminated upon written notice given to Title Company and the other party by:
Sample 1Sample 2
Termination for Failure of Conditions. This Agreement shall be automatically terminated if any of the Closing Conditions shall have not been satisfied by the Long Stop Date.
Sample 1Sample 2
Termination for Failure of Conditions. 2.4 If any of the Conditions remain unsatisfied or are not waived on or before the Sunset Date, Xxxxxx Group or the Subscriber may terminate this Agreement by giving written notice to the other.
Sample 1
Termination for Failure of Conditions. 3.5.1. At any time prior to its issuance of a Regulatory Confirmation Notice, Subscriber may terminate the Agreement without any liability whatsoever to Grid Assurance if Subscriber determines that a Required Regulatory Approval will not be obtained or, if obtained, would be subject to conditions that Subscriber or any of its Designated Transmission Owners deems unacceptable.
Sample 1
Termination for Failure of Conditions. If any of the conditions set out in clause 5.7 are not satisfied or waived on or prior to the Completion Date then a party which has the benefit of any condition not satisfied or waived may terminate this Deed by notice to the other parties, without prejudice to any Claim by any party in relation to a breach of the Deed committed prior to termination.
Sample 1
AutoNDA by SimpleDocs
Termination for Failure of Conditions. The Corporation will furnish the Agent with such conformed copies of all such opinions, certificates, letters and documents mentioned in this Article as the Agent shall reasonably request. If any of the conditions specified in Section 7.01 of this Agreement with respect to a Series of Bonds shall not have been fulfilled when and as required by this Agreement, or if any of the opinions, certificates, letters or documents mentioned above or elsewhere in this Agreement with respect to such Series of Bonds shall not be in all material respects reasonably satisfactory in form and substance to the Offering Agent, this Agreement and all obligations of the Offering Agent hereunder with respect to such Series of Bonds may be cancelled by the Offering Agent. If any of the conditions specified in Section 7.02 of this Agreement with respect to a Series of Bonds shall not have been satisfied when and as required by this Agreement, or if any of the certificates, letters or documents mentioned above or elsewhere in this Agreement with respect to such Series of Bonds shall not be in all material respects reasonably satisfactory in form and substance to the Remarketing Agent, (a) if on or prior to the Initial Delivery Date for a Series of Bonds, this Agreement and all obligations of the Remarketing Agent hereunder with respect to such Series of Bonds may be cancelled by the Remarketing Agent, and (b) if after the Initial Delivery Date for a Series of Bonds, the obligation of the Remarketing Agent to remarket Beneficial Interests in such Series of Bonds may be suspended, and the Remarketing Agent may give the notice specified in Section 8.01(a) hereof with respect to such Series of Bonds. Notice of any such cancellation with respect to a Series of Bonds shall be given to the Corporation, the Trustee and the related Series Credit Bank, if any, in writing, or by telephone, telecopy (receipt confirmed by telephone) or telegraph, promptly confirmed in writing.
Sample 1
Termination for Failure of Conditions. This Agreement may be terminated by the Sellers if on the scheduled Closing Date, the conditions to the Sellers' obligation to Close have not been fulfilled, and the Sellers are not in breach or default under this Agreement. This Agreement may be terminated by Buyer if on the scheduled Closing Date, the conditions to Buyer's obligation to Close have not been fulfilled, and Buyer is not in breach or default under this Agreement. In either case, the party whose conditions have not been fulfilled shall have the right to receive the Deposit in accordance with Section 9.7 below. Upon any termination pursuant to this Section 9.6, neither the Sellers nor Buyer shall have any further obligation or liability to the other hereunder, except for the Termination Surviving Obligations.
Sample 1

Related to Termination for Failure of Conditions

  • Failure of Conditions If the Conditions Precedent shall not have been satisfied or waived by February 27, 2015, either party may terminate this Lease and the Transfer Agreement by written notice of termination (the “Termination Notice”) delivered to the other party by February 27, 2015 (the “Failure of Conditions Termination Date”). Upon termination of this Lease under the terms of this Section 2, neither party hereto shall have any further claims or obligations under this Lease or the Transfer Agreement, except those obligations that expressly survive termination. Notwithstanding any provision of this Section 2.3 to the contrary, if the parties are unable to agree upon the initial Deferred Maintenance Items (as that term is defined in Section 9.2(c)(ii) below for the River Valley Facility to be included on Exhibit “E”, the sole remedy of the parties shall be to exclude the River Valley Facility from the Portfolio.

  • Failure of Condition If the conditions set forth in Section 12(a) (Conditions to Obligations of Seller) or the conditions set forth in Section 12(b) (Conditions to Obligations of Purchaser) are not satisfied or waived on or before the Closing Date by the party entitled to waive such condition, either party may, provided that such party is not then in material default under this Agreement, extend the Closing Date for a period not to exceed fifteen (15) days to allow such conditions set forth in Sections 12(a) (Conditions to Obligations of Seller) and 12(b) (Conditions to Obligations of Purchaser) to be satisfied, it being agreed that the inability of either party to satisfy a condition to Closing prior to the initial Closing Date shall not be considered a default by the party failing to satisfy such condition unless such inability results from the breach of such party’s express obligations hereunder, provided, however, that in no event shall Purchaser have the right to extend the Closing Date if Purchaser fails to satisfy the condition in Section 12(a)(ii) that Purchaser pay the Purchase Price on the scheduled Closing Date. If the conditions set forth in Section 12(a) (Conditions to Obligations of Seller) are not satisfied by the expiration of such 15-day period or if neither party elects such an extension, either party may terminate this Agreement by written notice to the other, and Seller shall, subject to Section 24(a) and Section 24(b), be entitled to the Deposit and/or to pursue its remedies set forth in Section 24(a) (Purchaser Defaults) hereof. If the conditions set forth in Section 12(b) (Conditions to Obligations of Purchaser) are not satisfied by the expiration of such 15-day period or if either party does not elect such extension, either party may terminate this Agreement by written notice to the other, and Purchaser shall, subject to Section 24(a), be entitled to receive a return of the Deposit.

  • Termination for Default 7.2.1 County may terminate the whole or any part of this Agreement for cause in the following circumstances:

  • Termination Remedies 6.1. Each of the following events shall be deemed a “Default” under this Agreement, and the non-defaulting Party may terminate this Agreement or suspend Service upon: (a) any failure of Customer to pay any undisputed amounts as provided in this Agreement; or (b) any material breach by a Party of this Agreement; provided, however, that Masergy will not terminate or suspend Service unless a Default of Customer continues for more than thirty

  • Failure to Satisfy Conditions Precedent If any Lender makes available to the Administrative Agent funds for any Loan to be made by such Lender as provided in the foregoing provisions of this Article II, and such funds are not made available to the Borrower by the Administrative Agent because the conditions to the applicable Credit Extension set forth in Article IV are not satisfied or waived in accordance with the terms hereof, the Administrative Agent shall return such funds (in like funds as received from such Lender) to such Lender, without interest.

  • Failure to Satisfy Conditions If the Secured Party or its Custodian fails to satisfy any conditions for holding Posted Collateral, then upon a demand made by the Pledgor, the Secured Party will, not later than five Local Business Days after the demand, Transfer or cause its Custodian to Transfer all Posted Collateral held by it to a Custodian that satisfies those conditions or to the Secured Party if it satisfies those conditions.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!