Termination of JV Agreement Sample Clauses

Termination of JV Agreement. At Closing, the parties agree that the JV Agreement shall be terminated and of no further force and effect.
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Termination of JV Agreement. Effective upon the Closing, the Joint Venture Agreement between Buyer and Seller (the “JV Agreement”), dated October 2016, shall terminate and be null and void and of no further force or effect and Seller shall have no further obligations thereunder; provided, however, that notwithstanding the foregoing, Buyer’s obligations under Section 6 of the JV Agreement shall continue in full force and effect.
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Termination of JV Agreement. Reference is made to the JV Announcement. As disclosed in the JV Announcement, the Company entered into the JV Agreement with TTL on 16 November 2017, pursuant to which the Company and TTL agreed to incorporate the JV Company for enhancing and operating the CETP and promoting the CETP through the established marketing team and distribution channel of the affiliates of TTL. The JV Company was incorporated in November 2017. As the Board views that the development of carbon emission trading in the PRC is slow and uncertain due to the incomprehensive carbon trading policy, unclear systems and procedures for verifying the carbon products and the absence of standard market practice, the management of the Group has reassessed this business segment recently and the Group and TTL have agreed to terminate the JV Agreement. As at the date of this announcement, Xx. Xxxx and Ms. Xx, each being an executive Director, hold 85% and 15% of the total issued share capital in TTL respectively. Therefore, TTL is an associate of Xx. Xxxx and is thus a connected person of the Company under Chapter 20 of the GEM Listing Rules.
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Termination of JV Agreement. The JV Agreement shall terminate on the earlier of (i) the date on which all of the assets that are the subject of the JV Agreement are assigned and/or transferred to Solasglas Investments, LP, a Cayman Islands limited partnership (the “Partnership”) as contemplated by the Amended and Restated Exempted Limited Partnership Agreement of the Partnership (the “LPA”) and (ii) January 2, 2019 (such date, the “Termination Date”). As of the Termination Date, the JV Agreement shall be of no further force and effect. This Termination Agreement constitutes an amendment to the JV Agreement in order to effectuate the termination described herein.
Sample 1
Termination of JV Agreement. The JV Agreement is hereby terminated. None --------------------------- of the Parties shall have any remaining obligations under the JV Agreement, except with respect to (a) liabilities that have accrued thereunder prior to the date hereof and (b) obligations expressly described in the JV Agreement as obligations that survive termination of the JV Agreement.
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Termination of JV Agreement. This Agreement automatically terminates upon any termination of the JV Agreement unless the arbitrator awards the Company continuation of this Agreement in accordance with Section 12.9B of the JVA.
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Termination of JV Agreement. If this Agreement was terminated in accordance with Section 3.2.2, the Company has a limited right and license to use the Trademarks (i) for the thirty (30) day period immediately following termination, solely in connection with customer contracts, all advertising and promotional efforts and related materials bearing the Trademarks, including, without limitation, all signs, displays, storefront signs and billboards (except for the current year's printed telephone directory advertisements and subscriber equipment held on the date of termination in either the Company's inventory or any sublicensee's inventory), and (ii) for the ninety (90) day period immediately following termination, solely in connection with the distribution and sale of subscriber equipment bearing the Trademarks held on the date of termination in the Company's inventory and/or any sublicensee's inventory. In addition, the Company must change its corporate or assumed name as soon as possible, but no later than thirty (30) days from the date of termination.
Sample 1
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Related to Termination of JV Agreement

  • 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.

  • Term; Termination of Agreement This Agreement shall continue in force for a period of one year from the date hereof, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. It is the duty of the Independent Directors to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

  • 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 Agreements (a) Except as set forth in Section 2.7(b), in furtherance of the releases and other provisions of Section 4.1, each of UTC, Carrier and Otis and each member of their respective Groups hereby terminate any and all agreements, arrangements, commitments or understandings, whether or not in writing, between or among a Party and/or any member of such Party’s Group, on the one hand, and another Party and/or any member of such other Party’s Group, on the other hand, effective as of the applicable Effective Time. No such terminated agreement, arrangement, commitment or understanding (including any provision thereof that purports to survive termination) shall be of any further force or effect after the Effective Time. Each Party shall, at the reasonable request of the other Party, take, or cause to be taken, such other actions as may be necessary to effect the foregoing. (b) The provisions of Section 2.7(a) shall not apply to any of the following agreements, arrangements, commitments or understandings (or to any of the provisions thereof): (i) this Agreement and the Ancillary Agreements (and each other agreement or instrument expressly contemplated by this Agreement or any Ancillary Agreement to be entered into by any of the Parties or any of the members of their respective Groups or to be continued from and after the Effective Time); (ii) any agreements, arrangements, commitments or understandings listed or described on Schedule 2.7(b)(ii); (iii) any agreements, arrangements, commitments or understandings to which any Third Party is a party thereto (including any Shared Contracts); (iv) any intercompany accounts payable or accounts receivable accrued as of the Effective Time that are reflected in the books and records of the Parties or otherwise documented in writing in accordance with past practices, which shall be settled in the manner contemplated by Section 2.7(c); (v) any agreements, arrangements, commitments or understandings to which any non-wholly owned Subsidiary of UTC, Carrier or Xxxx, as the case may be, is a party (it being understood that directors’ qualifying shares or similar interests will be disregarded for purposes of determining whether a Subsidiary is wholly owned); and (vi) any agreements for the sale, lease, construction or receipt of goods, property or services purchased, obtained or used in the ordinary course of business by a member of any Group from a member of another Group prior to the Effective Time. (c) All of the intercompany accounts receivable and accounts payable between any member of a Party’s Group, on the one hand, and any member of another Party’s Group, on the other hand, outstanding as of the Effective Time shall, as promptly as practicable after the Effective Time, be repaid, settled or otherwise eliminated in a manner as determined by UTC in its sole and absolute discretion (acting in good faith).

  • 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 of Agreement; Survival (a) The Underwriters may terminate their obligations under this Agreement, by notice to the Depositor, at any time at or prior to the Closing Date (i) if there has been, since the date of this Agreement or since the respective dates as of which information is given in the Registration Statement and the Prospectus, any material adverse change in the condition, financial or otherwise, or in the earnings, business affairs or business prospects of the Depositor, Xxxxx Fargo Bank or any other Mortgage Loan Seller whether or not arising in the ordinary course of business, (ii) if there has occurred any outbreak of hostilities or escalation thereof or other calamity or crisis the effect of which is such as to make it, in the reasonable judgment of any Underwriter, impracticable or inadvisable to market the Registered Certificates or to enforce contracts for the sale of the Registered Certificates, (iii) if trading in any securities of the Depositor or of Xxxxx Fargo Bank has been suspended or limited by the Commission or the New York Stock Exchange, or if trading generally on the American Stock Exchange or the New York Stock Exchange or on the NASDAQ National Market or the over the counter market has been suspended or limited, or minimum or maximum prices for trading have been fixed, or maximum ranges for prices have been required, by any of said exchanges or by such system or by order of the Commission, the National Association of Securities Dealers, Inc. or any other governmental authority, (iv) if a banking moratorium has been declared by either federal or New York authorities, or (v) if a material disruption in securities settlement, payments or clearance services in the United States or other relevant jurisdiction shall have occurred and be continuing on the Closing Date, or the effect of which is such as to make it, in the reasonable judgment of such Underwriter, impractical to market the Registered Certificates or to enforce contracts for the sale of the Registered Certificates. (b) If this Agreement is terminated pursuant to this Section 12, such termination shall be without liability of any party to any other party, except as provided in Section 11 or Section 12(c) hereof. (c) The provisions of Section 5(e) hereof regarding the payment of costs and expenses and the provisions of Sections 8 and 9 hereof shall survive the termination of this Agreement, whether such termination is pursuant to this Section 12 or otherwise.

  • 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.

  • Effect of Termination of Agreement Upon the Termination Date or the Expiration Date, as applicable, any amounts then owing by a Party to the other Party shall become immediately due and payable and the then future obligations of Customer and Provider under this Agreement shall be terminated (other than the indemnity obligations set forth in Section 13). Such termination shall not relieve either Party from obligations accrued prior to the effective date of termination or expiration.

  • Termination of License Agreement This Agreement will terminate automatically in the event that the License Agreement is terminated, provided that prior to such termination of this Agreement becoming effective, the Parties shall cooperate to wind down the activities being conducted hereunder as set forth in Section 15.5(b).

  • 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.

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