Termination for market conditions Sample Clauses

Termination for market conditions. This Agreement will allow a market review at *****. If during these reviews, Volaris is offered ***** LHT will have an opportunity to match the new market pricing. If the new offer presented by LHT is not at or below the new comparative market offer, then ***** Volaris will provide to LHT a summary of the relevant information, prepared *****. The offer has to reflect ***** LHT shall have ***** to present an offer ***** If the alternative offer cannot be matched by LHT *****
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Termination for market conditions. This Agreement will allow market reviews at third (3rd) and sixth (6th) anniversary from February 1, 2009. If during these reviews, VOLARIS is offered lower comparative prices by another supplier for the same Program Services, AVEOS will have an opportunity to match the new market pricing. If the new offer presented by AVEOS is not at or below the new comparative market offer, then VOLARIS shall have the right to terminate the Agreement without penalties. VOLARIS will provide to AVEOS a summary of the relevant information, prepared under its sole discretion but acting in good faith and reasonably, submitted by such alternate supplier, certified as true by one of VOLARIS’s officers, one (1) month prior to the review date in years three (3) and six (6). AVEOS shall have thirty (30) Days from the date of receipt of summary of the commercial terms to present an offer for the same Program Services. If the alternative offer cannot be matched by AVEOS and VOLARIS elects to terminate this Agreement, it shall provide AVEOS a three (3) months prior notice of termination.
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Termination for market conditions. At any time and from time to time, Xxxxxxx may terminate this Agreement with respect to any or all of the Products on ninety (90) days prior written notice to INyX, provided that Xxxxxxx shall accept and pay for all development work performed by INyX in accordance with Exhibit B attached hereto prior to INyX' receipt of such notice and reasonable shut-down costs, provided that in no event shall Xxxxxxx'x liability for any such costs, plus amounts paid by Xxxxxxx prior to such notice exceed (a) with respect to any Product, such Product's Total Development Cost; or (b) in the aggregate for all Products Six Hundred Thousand Pounds Sterling (GBP 600,000).
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Termination for market conditions. This Agreement may be terminated by SCC by thirty (30) days advance written notice to KLSE at any time if, in the judgment of SCC, the conditions of the market (either generally or with reference to the sale of securities offered by KLSE) or the condition of any matter affecting KLSE or any other circumstances is such that it would be undesirable, impracticable or inadvisable in the sole judgment of SCC to proceed with this Agreement. Any termination of this Agreement pursuant to this Section 9 shall (i) not relieve or discharge KLSE of its obligations under Sections 2 and 3 hereof through the actual date of termination of this Agreement pursuant to any notice given under this Section 9 and (ii) be without liability of any character (including, but not limited to, loss of anticipated profits or consequential damages) on the part of any party thereto, except KLSE and SCC shall remain obligated to pay, respectively any losses, claims, damages or liabilities, joint or several, under Section 7.
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Termination for market conditions. At any time and from time to time, Stiefel may terminate this Agreement with respect to any or all xx xxx Products on ninety (90) days prior written notice to INyX, provided that Stiefel shall accept and pay for all development work performed xx XXxX in accordance with Exhibit B attached hereto prior to INyX' receipt of such notice and reasonable shut-down costs, provided that in no event shall Stiefel's liability for any such costs, plus amounts paid by Stiefxx xxxxx to such notice exceed (a) with respect to any Producx, xxxh Product's Total Development Cost; or (b) in the aggregate for all Products ***.
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Related to Termination for market conditions

  • Failure of Conditions; Termination In the event of any of the conditions specified in this Agreement shall not be fulfilled on or before the Closing Date, either of the parties have the right either to proceed or, upon prompt written notice to the other, to terminate and rescind this Agreement. In such event, the party that has failed to fulfill the conditions specified in this Agreement will liable for the other parties legal fees. The election to proceed shall not affect the right of such electing party reasonably to require the other party to continue to use its efforts to fulfill the unmet conditions.

  • Initiation; Confirmation; Termination (a) An agreement to enter into a Transaction may be made orally or in writing at the initiation of either Buyer or Seller. On the Purchase Date for the Transaction, the Purchased Securities shall be transferred to Buyer or its agent against the transfer of the Purchase Price to an account of Seller.

  • Termination for Change of Control This Agreement may be terminated immediately by SAP upon written notice to Provider if Provider comes under direct or indirect control of any entity competing with SAP. If before such change Provider has informed SAP of such potential change of control without undue delay, the Parties agree to discuss solutions on how to mitigate such termination impact on Customer, such as stepping into the Customer contract by SAP or by any other Affiliate of Provider or any other form of transition to a third party provider.

  • Termination for Force Majeure In the event of a force majeure that lasts longer than thirty (30) days from the date that a Party claiming relief due to the force majeure event gives notice to the other Party, the Party not claiming relief under the force majeure event may terminate this Agreement upon written notice to the other Party. For the avoidance of doubt, the COVID-19 pandemic does not constitute a force majeure event.

  • Termination After Change in Control Sections 9.2 and 9.3 set out provisions applicable to certain circumstances in which the Term may be terminated after Change in Control.

  • Termination for Disability If Executive’s employment is terminated due to Disability following a Change in Control, Executive shall receive his Base Salary through the Termination Date, at which time his benefits shall be determined in accordance with Company’s disability, retirement, insurance and other applicable plans and programs then in effect, and Executive shall not be entitled to any other benefits provided by this Agreement.

  • Employment Status Termination Following Change in Control (a) No benefits shall be payable under this Agreement unless there has been a Change in Control of the Company during the Term. You acknowledge that this Agreement does not constitute a contract of employment or impose on the Company any obligation to retain you as an employee. You may terminate your employment at any time, with or without Good Reason. If your employment with the Company terminates for any reason and subsequently a Change in Control shall have occurred, you shall not be entitled to any benefits hereunder.

  • Termination After a Change in Control You will receive Severance Benefits under this Agreement if, during the Term of this Agreement and after a Change in Control has occurred, your employment is terminated by the Company without Cause (other than on account of your Disability or death) or you resign for Good Reason.

  • Termination for Failure to Close This Agreement shall automatically be terminated if the Closing Date shall not have occurred by July 7, 2016; provided, that the right to terminate this Agreement pursuant to this Section 7.2 shall not be available to any Party whose breach of any provision of this Agreement results in the failure of the Closing to have occurred by such time.

  • Term Termination 8.1 This Agreement shall be effective as of the date hereof and shall continue in force until terminated in accordance with the provisions herein.

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