Termination of Agreement Term. (a) The Agreement Term shall terminate as to each Sponsor upon the earliest of the occurrence of any of the following events with respect to such Sponsor:
(i) The last day of the Fiscal Year of a Sponsor during which there occurs an Event of Non-Appropriation as provided in Section 4.10 thereof with respect to such Sponsor;
(ii) An Event of Default with respect to such Sponsor and termination of the Agreement Term under Article VIII of this Agreement; or (iii) , 2051, which date constitutes the last day of the Agreement Term, or such later date as all State Payments or City Payments, as the case may be, required hereunder are paid by the respective Sponsor.
(b) The Agreement Term shall again commence notwithstanding termination pursuant to (a)(i) above for a Sponsor if such Sponsor appropriates all amounts required at the time to be appropriated pursuant to Section 4.6 and pays all Sponsor Payments of such Sponsor required at the time to have been paid, in each instance without regard to any termination of the Agreement Term with respect to such Sponsor, plus any additional amount required sufficient to reimburse the Authority and the Trustee for all amounts advanced or incurred by the Authority and the Trustee due to such Sponsor’s Event of Non-Appropriation as provided in Section 8.5 hereof and to cause the amounts on deposit in each of the funds and accounts created pursuant to the applicable Project Indenture to at least equal the amounts which would have otherwise been on deposit therein at the time of such payment if such Event of Non-Appropriation had not occurred, exclusive of lost investment earnings.
(c) The Agreement Term shall terminate on the date on which all Project Bonds are paid or deemed to be paid as provided in the Project Indentures, or as set forth in Section 3.1 hereof.
Termination of Agreement Term. The Term shall terminate upon the occurrence of any of the following:
Termination of Agreement Term. The Agreement Term may be terminated in the following manner:
Termination of Agreement Term. If the Agreement expires by its terms on December 31, 2012 (or such earlier date as mutually agreed between the parties), Executive shall be entitled to receive (i) accrued Base Salary through the date of the termination of his employment, (ii) any accrued, but unpaid, AIP payments attributable to completed fiscal years, (iii) full vesting of all New Agreement Awards that have not fully vested (and Executive shall have until the fourth anniversary of the termination date to exercise any New Agreement Options that are then vested but unexercised, or that become vested as a result of the foregoing), and (iv) all other employee benefits to which Executive is entitled upon his termination of employment with Employer, in accordance with the terms of the plans and programs of Employer.
Termination of Agreement Term. Part “a” of Section 21 (TERMINATION, CASUALTY, and EMINENT DOMAIN) applies.
Termination of Agreement Term. The Agreement Term shall last two (2) years from the Effective Date. The Agreement shall automatically renew for subsequent one (1) year terms, unless either Party provides prior written notice of non-renewal prior to the start of the renewal term. At any time, the Agreement Term may be extended or terminated upon the Parties’ mutual written agreement, or be terminated upon either Party’s written notice in pursuant to Section 3.1. 9.3
Termination of Agreement Term. The Term of this Agreement will terminate upon the occurrence of the first of the following events:
(a) nonappropriation by the School District pursuant to Section 4.7 hereof;
(b) the payment by the School District of the purchase price for the Premises pursuant to Article VIII hereof;
(c) the prepayment of the School District of the Lease Payments and Additional Lease Payments;
(d) the discharge by the School District of its obligation to pay the Lease Payments and Additional Lease Payments; or
(e) a default by the School District and the termination of this Agreement pursuant to Article X hereof.
Termination of Agreement Term. Upon the termination of the Employment Term pursuant to Section 1, Executive's employment shall end. If the termination of the Employment Term was initiated by Grove, it shall be treated as Termination of Employment without Cause. If the termination of the Employment Term was initiated by Executive, it shall be treated as Termination by Executive Without Good Reason. Upon termination of the Employment Term, Grove shall have no further obligations to Executive other than to make the payments described in Section 9. Any continuation of Executive's employment beyond the end of the Employment Term shall be employment at will which may be terminated by Grove or Executive at any time and shall not extend any of the provisions of this Agreement, provided, however, that the provisions of Sections 10, 11, 12 and 13(a) through (d) shall survive any termination of the Employment Term or this Agreement.
Termination of Agreement Term. If the Agreement expires by its terms on December 31, 2009, Employee shall be entitled to receive (i) accrued Base Salary through the date of the termination of his employment, (ii) any accrued, but unpaid, AIP or EIP payments attributable to completed fiscal years and (iii) all other employee benefits to which Employee is entitled upon his termination of employment with Employer, in accordance with the terms of the plans and programs of Employer
Termination of Agreement Term. The Term of this Agreement as to each Equipment Schedule will terminate upon the occurrence of the first of the following events:
(a) the termination thereof by Lessee in accordance with Section 4.4;
(b) the exercise by Lessee of its right to purchase Lessor's interest in the Equipment pursuant to Article X;
(c) a default by Lessee and Lessor's election to terminate this Agreement with respect to the Equipment pursuant to Article XII; or
(d) the payment by Lessee of all Rental Payments and all other amounts authorized or required to be paid by Lessee hereunder with respect to the Equipment.
