Termination of Operative Documents Sample Clauses

Termination of Operative Documents. The Facility Lessee shall not without the prior written consent of the Owner Participant and, except as otherwise provided in Section 8 of the Collateral Trust Indenture and so long as the Lien of the Collateral Trust Indenture has not been terminated or discharged, the Indenture Trustee, (a) cause or consent to or (b) permit, any amendment, modification, extension, termination, variance or waiver of timely compliance with any terms or conditions of any Operative Document.
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Termination of Operative Documents. 35 Section 5.21 Name and Location ..................................... 35 TABLE OF CONTENTS (continued) PAGE Section 5.22. Use of Facility Site ............................................ 35 Section 5.23. Abandonment of Facility ......................................... 35 Section 5.24. Taxes, Other Government Charges and Utility Charges ............. 35 Section 5.25. Compliance with Laws, Instruments, Etc .......................... 36 Section 5.26. PUHCA ........................................................... 36 Section 5.27. Further Assurances .............................................. 36 Section 5.28. No Subsidiaries ................................................. 37 Section 5.29. Permitted Business .............................................. 37 Section 5.30. Support Arrangements ............................................ 37 Section 5.3. 1Insurance ....................................................... 38 Section 5.32. Tax Status ...................................................... 38 Section 5.33 Transmission Assets ............................................. 38 SECTION 6.COVENANTS OF THE OWNER LESSOR, THE TRUST COMPANY AND THE LESSOR MANAGER 39 Section 6.1 Compliance with the LLC Agreement ................................ 39 Section 6.2 Owner Lessor's Liens ............................................. 40
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Termination of Operative Documents. 35 Section 5.21. Name and Location ....................................... 35 TABLE OF CONTENTS (continued)
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Termination of Operative Documents. Upon the closing of the sale of the Property pursuant to the Remarketing Option in accordance with Article XX of this Lease and payment by Lessee of all other obligations then due and payable hereunder and under the other Operative Documents, the obligation of the Lessee to pay any remaining Lease Balance (exclusive of those obligations that expressly survive the Expiration Date) shall terminate and become null and void, all Liens created under the Operative Documents shall be terminated of record and the Lease Balance shall be deemed to be fully paid in its entirety; provided, that such obligations shall be reinstated in their entirety if at any time any payment (in whole or in part) of any such obligations is rescinded or must otherwise be restored upon the insolvency, bankruptcy or reorganization of the Lessee or otherwise.
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Termination of Operative Documents. Subject to the terms and conditions of the Termination, the Operative Documents are hereby terminated.
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Related to Termination of Operative Documents

  • ASSIGNMENT TERMINATES THIS AGREEMENT; AMENDMENTS OF THIS AGREEMENT This Agreement shall automatically terminate, without the payment of any penalty, in the event of its assignment or in the event that the Investment Management Agreement between the Manager and the Fund shall have terminated for any reason; and this Agreement shall not be amended unless such amendment is approved at a meeting by the affirmative vote of a majority of the outstanding shares of the Fund, and by the vote, cast in person at a meeting called for the purpose of voting on such approval, of a majority of the Trustees of the Fund who are not interested persons of the Fund or of the Manager or the Portfolio Manager.

  • Termination of Intercompany Agreements (a) Except as set forth in Section 2.4(b), DevCo, on behalf of itself and each of the other members of the DevCo Group, and SpinCo, on behalf of itself and each of the other members of the SpinCo Group, hereby terminate, effective as of the Effective Time, any and all Intercompany Agreements. No such terminated Intercompany Agreement will be of any further force or effect from and after the Effective Time and all Parties shall be released from all Liabilities thereunder other than the Liability to settle any Intercompany Accounts as provided in Section 2.5. Each Party shall take, or cause to be taken, any and all actions as may be reasonably necessary to effect the foregoing. (b) The provisions of Section 2.4(a) shall not apply to any of the following agreements (which agreements shall continue to be outstanding after the Effective Time and thereafter shall be deemed to be, for each relevant Party (or the member of such Party’s Group), an obligation to a third party and shall no longer be an Intercompany Agreement) (collectively, the “Surviving Intercompany Agreements”): (i) this Agreement and the Ancillary Agreements (and each other agreement or instrument expressly contemplated by this Agreement or any Ancillary Agreement); (ii) the agreements listed on Schedule 2.4(b)(ii); and (iii) any confidentiality or non-disclosure agreements among any members of either Group.

  • Termination of Merger Agreement This Agreement shall be binding upon Holder upon Holder’s execution and delivery of this Agreement, but this Agreement shall only become effective upon the Closing. Notwithstanding anything to the contrary contained herein, in the event that the Merger Agreement is terminated in accordance with its terms prior to the Closing, this Agreement and all rights and obligations of the parties hereunder shall automatically terminate and be of no further force or effect.

  • 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.

  • 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 Related Party Agreements Except as set forth on Schedule 9.7, all existing agreements between the Company and the Stockholders (and between the Company and entities controlled by the Stockholders) shall have been canceled effective prior to or as of the Consummation Date.

  • Termination of Interim Trust Agreement This Agreement (other than Article VI) and the trust created hereby shall terminate and be of no further force or effect upon the earlier of (i) the termination of the Trust pursuant to Section 9.1 of the Trust Agreement and (ii) the expiration of 21 years from the death of the last survivor of the descendants of Xxxxxx X. Xxxxxxx, the late Ambassador of the United States to the Court of St. James’s, living on the date hereof.

  • Consultation with Attorney; Voluntary Agreement The Company advises Executive to consult with an attorney of his choosing prior to signing this Agreement. Executive understands and agrees that he has the right and has been given the opportunity to review this Agreement and, specifically, the General Release in Section 1 above, with an attorney. Executive also understands and agrees that he is under no obligation to consent to the General Release set forth in Section 1 above. Executive acknowledges and agrees that the payments to be made to Executive pursuant to the Employment Agreement are sufficient consideration to require him to abide with his obligations under this Agreement, including but not limited to the General Release set forth in Section 1. Executive represents that he has read this Agreement, including the General Release set forth in Section 1, and understands its terms and that he enters into this Agreement freely, voluntarily, and without coercion.

  • 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.

  • of the Employment Agreement Section 4.4.3 of the Employment Agreement is hereby amended and restated in its entirety to read as follows:

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