Termination of Concession Agreement Sample Clauses

Termination of Concession Agreement. (1) Where the concession agreement terminates, there shall be transferred to the Secretary of State under this subsection all property, rights and liabilities of the concessionaire which, in accordance with the concession agreement, fall to be so transferred in the circumstances (not including any rights or liabilities relating to any person’s employment). (2) There shall also be treated as made by the concessionaire to the Secretary of State on the termination a transfer of an undertaking, to which the M13Transfer of Undertakings (Protection of Employment) Regulations 1981 shall apply, in which all the persons specified in subsection (3) below are employed. (3) The persons referred to in subsection (2) above are persons— (a) who immediately before the termination are employed by the concessionaire in connection with the collection of tolls or the exercise of relevant functions, and (b) whose only or main place of work in that employment immediately before the termination is at the bridges or toll plaza areas. (4) All rights and liabilities of the concessionaire under any agreement or arrangement for the payment of pensions, allowances or gratuities to or in respect of— (a) persons to whom subsection (2) above applies, or (b) persons specified in subsection (5) below, shall be transferred to the Secretary of State under this subsection on the termination. (5) The persons referred to in subsection (4)(b) above are persons— (a) who have ceased to be employed by the concessionaire before the termination but immediately before so ceasing were employed by him in connection with the collection of tolls or the exercise of relevant functions, and (b) whose only or main place of work in that employment was at the bridges or toll plaza areas. (6) All property, rights and liabilities transferred under or by virtue of this section shall vest in the Secretary of State. M13 S.I. 1981/1794. (1) Property vested in the Secretary of State under section 19 above shall vest free from any security to which it was subject immediately before the termination. (2) Where before the termination possession of such property has been taken by a person in pursuance of legal process or distress, the Secretary of State may recover that property from any person in possession of it without being required, as a condition of doing so, to meet a liability in respect of which that process or distress was issued or levied. (3) Subsection (1) above shall not affect a liability secured by a securi...
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Termination of Concession Agreement. 4.1 Termination when no NSL is selected
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Termination of Concession Agreement. The Concession Agreement (as defined below) is terminated for any reason and a new concessionaire mutually acceptable to the parties hereto is not retained by the management of the Facility, such that the sale of Sponsor’s products and merchandise continue uninterrupted in the Facility. *** Portions of this page have been omitted pursuant to a request for Confidential Treatment filed separately with the Commission.
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Termination of Concession Agreement. 5.1 Termination upon occurrence of Financial Default At any time after issue of a Notice of Financial Default, the Lenders’ Representative may by a notice in writing require the Authority to terminate the Concession Agreement forthwith, and upon receipt of such notice, the Authority shall undertake Termination under and in accordance with the provisions of Clause 37 of the Concession Agreement. 5.2 Termination when no Nominated Company is selected In the event that no Nominated Company acceptable to the Authority is selected and recommended by the Lenders’ Representative within the period of 180 (one hundred and eighty) days or any extension thereof as set forth in Clause 3.3.2, the Authority may terminate the Concession Agreement forthwith in accordance with the provisions thereof.
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Termination of Concession Agreement. In the event that no Nominated Company acceptable to BSHB is selected and recommended by the Lenders’ Representative within the period of 180 (one hundred and eighty) days from the date of issue of notice under Article 3.2.3 or Article 3.3.2, BSHB may terminate the Concession Agreement forthwith in accordance with the provisions thereof.
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Termination of Concession Agreement 
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Related to Termination of Concession Agreement

  • Termination of Contract The Department may terminate the Contract for refusal by the Contractor to comply with this section by not allowing access to all public records, as defined in Chapter 119, F. S., made or received by the Contractor in conjunction with the Contract.

  • Termination of Contracts Neither the Company nor any of its Subsidiaries has sent or received any communication regarding termination of, or intent not to renew, any material contract or agreement referred to or described in the Registration Statement, the Pricing Disclosure Package and the Final Prospectus or filed as an exhibit to the Registration Statement, and no such termination or non-renewal has been threatened by the Company or any of its Subsidiaries or by any other party to any such contract or agreement.

  • Termination of Existing Agreement The Existing Agreement is hereby terminated and replaced and superseded by this Agreement, effective August 1, 2001. All payments, of Base Salary or otherwise, made by the Company under the Existing Agreement with respect to any period commencing on or after August 1, 2001 shall be credited against the corresponding payment obligations of the Company under this Agreement.

  • Termination Agreement 8.01 Notwithstanding any other provision of this Agreement, WESTERN, at its sole option, may terminate either a Purchase Order or this Agreement at any time by giving fourteen (14) days written notice to CONSULTANT, whether or not a Purchase Order has been issued to CONSULTANT. 8.02 In the event of termination of either a Purchase Order or this Agreement, the payment of monies due CONSULTANT for work performed prior to the effective date of such termination shall be paid within thirty (30) days after receipt of an invoice as provided in this Agreement. Upon payment for such work, CONSULTANT agrees to promptly provide to WESTERN all documents, reports, purchased supplies and the like which are in the possession or control of CONSULTANT and pertain to WESTERN.

  • FORMATION OF CONTRACT This proposed purchase contract, which incorporates by reference these General Provisions and all other terms and conditions set forth in this proposed purchase contract (collectively, the “Contract”), is Buyer's offer to purchase the services and any related goods, materials, and/or other deliverables (collectively, the “Services”) described in this offer. Acceptance is strictly limited to the terms and conditions included in this offer. Unless specifically agreed to in writing by Xxxxx's Authorized Procurement Representative, Xxxxx objects to, and is not bound by, any term or condition that differs from or adds to this offer. Seller's commencement of performance or acceptance of this offer in any manner shall conclusively evidence acceptance of this offer as written. Seller’s provision of the Services shall be governed solely by this Contract. Xxxxx and Seller are referred to herein as a “Party” or collectively as the “Parties.”

  • Termination of Agreement If this Agreement is terminated by the Representatives in accordance with the provisions of Section 5 or Section 9(a)(i) hereof, the Company shall reimburse the Underwriters for all of their out-of-pocket expenses, including the reasonable fees and disbursements of counsel for the Underwriters.

  • Termination of Management Agreement Evidence of the termination of any and all management agreements affecting the Property, effective as of the Closing Date, and duly executed by Seller and the property manager.

  • Termination of Existing Agreements Any previous employment agreement between Executive on the one hand and Employer or any of Employer’s Affiliates (as hereinafter defined) on the other hand is hereby terminated.

  • EXECUTION OF CONTRACT 20.1 Depending on the type of service provided, one of the following methods will be employed. The method applicable to this contract will be checked below: _ a. PURCHASE ORDER, unless otherwise noted. 1. This contract shall consist of a Lancaster County Purchase Order. 2. A copy of the Bidder’s bid response (or referenced bid number) attached and that the same, in all particulars, becomes the contract between the parties hereto: that both parties thereby accept and agree to the terms and conditions of said bid documents.

  • Termination by Agreement both parties may agree to terminate this Agreement;

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