Termination for Inaction Sample Clauses

Termination for Inaction. The Master Developer and any Participating Landowner shall be required to proceed with submittal of applications for Development Approvals in a timely manner. If no application for a Development Approval is applied for during any five (5) year period within the term of this Amended Agreement, then this Amended Agreement shall be terminated for inaction.
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Termination for Inaction. Innovate may immediately terminate Services provided under these Product Terms and the applicable portion of the associated Sales Order, if Customer fails to provide Innovate with information deemed reasonably necessary by Innovate for advancement or completion of the Services within 90 days of Innovate’s initial inquiry. Prior to termination in accordance with this section, Innovate will provide Customer with five Business Days to respond to a final notice containing a request for that information Innovate requires to advance or complete the Services. Upon termination in accordance with this section, Innovate may invoice Customer the full cost of the Fees for the Services as quoted in the applicable Sales Order and amended by any subsequent, fully-executed Change Request. Innovate and Customer agree that this amount reflects the reasonable value of Innovate’s time, costs, and other financial considerations, and is a remedy and not a penalty. EXHIBIT B CHANGE REQUEST This Change Request (“Change Request”) is between the Innovate and the customer signing below (“Innovate” and “Customer” respectively) and amends the <Insert Document to be Amended> between the parties signed by Customer on <Insert Date of Customer’s signature>. All other terms and conditions of the Agreement not otherwise amended by this Change Request shall remain in full force and effect.
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Termination for Inaction. The provisions of Section G.3.(a) of the Development Agreement are hereby amended and restated as follows:
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Termination for Inaction. By approval of the Second Amendment, the County waives any existing grounds for termination of the Development Agreement. The Developer shall be required to proceed with submittal of applications in a timely manner. If no development permit application is applied for during the five (5) year period following the date of approval of the Second Amendment, then this Agreement shall be terminated by the County for inaction and all rights and obligations granted herein shall be null and void. Any development commenced under the terms of this Agreement shall be completed by the expiration of the five-year period after approval of the Second Amendment; however, in the event that construction is commenced, continuous and on-going at the time this Agreement expires, the Developer shall have the right to complete the construction so long as it remains continuous and on-going until a permanent certificate of occupancy is completed. In the event there is a pause in the construction of any one Building for twelve (12) months or longer, the right to develop shall be deemed expired and all permits previously issued shall be revoked. The foregoing shall not require all Buildings to be constructed in a single phase.
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Termination for Inaction. In the event Licensor intends to terminate this Agreement pursuant to Section 5.1.3 or the Agreement may be terminated due to Licensee’s failure to meet a Performance Milestone or to Commercialize a Licensed Product, respectively, Licensor shall provide notice to Licensee of its intent to terminate and Licensee shall have sixty (60) days to present a corrective action plan acceptable to Licensor, in its sole discretion, and, if not acceptable to Licensor, Licensor shall be permitted to terminate this Agreement effective upon written notice to Licensee following receipt of the corrective action plan.
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Related to Termination for Inaction

  • Termination for Insolvency The Procuring Entity may at any time terminate the Contract by giving notice to the Supplier if the Supplier becomes bankrupt or otherwise insolvent. In such event, termination will be without compensation to the Supplier, provided that such termination will not prejudice or affect any right of action or remedy that has accrued or will accrue thereafter to the Procuring Entity

  • Termination for Just Cause (a) The term “

  • Termination for Cause If Vendor fails to materially perform pursuant to the terms of this Agreement, TIPS shall provide written notice to Vendor specifying the default. If Vendor does not cure such default within thirty (30) days, TIPS may terminate this Agreement, in whole or in part, for cause. If TIPS terminates this Agreement for cause, and it is later determined that the termination for cause was wrongful, the termination shall automatically be converted to and treated as a termination for convenience.

  • Termination for Cause by Company Although the Company anticipates the continuation of a mutually rewarding employment relationship with Executive, the Company may terminate Executive’s employment immediately at any time for Cause. For purposes of this Agreement, “Cause” is defined as: (a) acts or omissions constituting gross negligence, recklessness or willful misconduct on the part of Executive with respect to Executive’s obligations or otherwise relating to the business of the Company; (b) Executive’s material breach of this Agreement, including, without limitation, any breach of Section 8, Section 9 or Section 11; (c) Executive’s breach of the Company’s Employee Nondisclosure and Assignment Agreement (a signed copy of which was delivered to the Company with the Original Agreement) (the “Nondisclosure Agreement”); (d) Executive’s conviction or entry of a plea of nolo contendere for fraud, misappropriation or embezzlement, or any felony or crime of moral turpitude; (e) Executive’s inability to perform the essential functions of Executive’s position, with or without reasonable accommodation, due to a mental or physical disability; (f) Executive’s willful neglect of duties as determined in the sole and exclusive discretion of the Board, provided that Executive has received written notice of the action or omission giving rise to such determination and has failed to remedy such situation to the satisfaction of the Board within thirty (30) days following receipt of such written notice, unless Executive’s action or omission is not subject to cure, in which case no such notice shall be required, or (g) Executive’s death. In the event Executive’s employment is terminated in accordance with this Section 7.1, Executive shall be entitled to receive only Executive’s Base Salary then in effect, prorated to the date of Executive’s termination of employment with the Company (the “Termination Date”), and all amounts and benefits earned or incurred pursuant to Sections 5 and 6 through the Termination Date. All other Company obligations to Executive pursuant to this Agreement will be automatically terminated and completely extinguished as of the Termination Date, but will be subject to the surviving provisions of this Agreement set forth in Section 14.8. Executive will not be entitled to receive the Severance Package described in Section 7.2. Any termination pursuant to this Section 7.1 shall be evidenced by a resolution or written consent of the Board, and the Company shall provide Executive with a copy of such resolution or written consent, certified by the Secretary of the Company, upon Executive’s written request.

  • Termination for Material Breach A party may terminate this Agreement immediately upon notice to the other parties if any of the other parties materially breaches this Agreement, and if capable of cure, does not cure the breach within 10 days after receiving notice specifying the breach. If the material breach affects only certain Services, the non-breaching party that served the notice may choose to terminate only the affected Services.

  • Termination for No Cause Either Custodian or the Funds may terminate: (a) this Loan Servicing Agreement in its entirety or (b) the Services as to any particular portfolio of loans or as to a loan or loans without terminating this Loan Servicing Agreement in its entirety, for any or no reason upon the providing of ninety (90) days’ advance written notice to the other parties.

  • Termination for Cause; Resignation If Executive’s employment terminates due to a Termination for Cause (as defined below) or a Resignation (as defined below), Base Salary earned but unpaid as of the date of such termination will be paid to Executive in a lump sum and the Company will have no further obligations to Executive hereunder. In the event any termination of Executive’s employment for any reason, Executive if so requested by the Company agrees to assist in the orderly transfer of authority and responsibility to Executive’s successor.

  • Termination for Cause or Resignation In the event Employee is terminated by Employer for Cause or Employee resigns (other than a Termination by Employee for Good Reason), neither Employer nor any affiliate shall have any further obligation to Employee under this Agreement or otherwise, except for payment to Employee of any and all accrued salary and bonuses, provision of COBRA health care continuation and otherwise as may be expressly required by law.

  • Termination of Service for Cause If your Service is terminated by the Company for Cause or if you commit an act(s) of Cause while this Option is outstanding, as determined by the Committee in its sole discretion, then you shall immediately forfeit all rights to your Option without consideration, including any vested portion of the Option, and the entire Option shall immediately expire, and any rights, payments and benefits with respect to the Option shall be subject to reduction or recoupment in accordance with the Clawback Policy and the Plan. For avoidance of doubt, your Service shall also be deemed to have been terminated for Cause by the Company if, after your Service has otherwise terminated, facts and circumstances are discovered that would have justified a termination for Cause, including, without limitation, your violation of Company policies or breach of confidentiality or other restrictive covenants or conditions that may apply to you prior to or after your Termination Date.

  • Voluntary Resignation or Termination for Cause If the Employee's employment with the Company terminates as a result of the Employee's voluntary resignation which is not an Involuntary Termination or if the Employee is terminated for Cause at any time after a Change of Control, then the Employee shall not be entitled to receive severance or other benefits hereunder, but may be eligible for those benefits (if any) as may then be established under the Company's then existing severance and benefits plans and policies at the time of such termination.

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