TERMINATION OF PROJECT. In the event that the Project terminates, for any reason whatsoever, the Recipient will provide the Provider and the HREC with a Termination Report. Termination of the Project will occur under one or more of the following circumstances: the Project reaches completion; the Project cannot be carried out by the Recipient for any reason whatsoever, including but not limited to the following: the Donors withdraw consent for use as contemplated hereunder and in such numbers as to render continuation of the Project impracticable or impossible; the Recipient entity dissolves, winds-up or ceases to continue operating for any reason whatsoever; the HREC withdraws approval for the Project in its entirety; either Party terminates the Agreement on reasonable notice; a force majeure makes continuance of the Project impracticable or impossible. On termination, the Recipient will immediately discontinue using the Material for any purpose whatsoever. Destruction, return to the Provider or transfer of Materials will be undertaken, or any other arrangements made, with the express approval of the HREC.
TERMINATION OF PROJECT. If the Municipality decides to terminate the Project without the concurrence of the Department, the Municipality shall reimburse the Department one hundred percent (100%) of all costs expended by the Department and associated with the Project.
TERMINATION OF PROJECT. 10.1 When the Project terminates, for any reason whatsoever, the Recipient shall provide the Provider and the HREC with a Termination Report.
10.2 The Termination Report will include, inter alia, reasons for termination, the status of the Project as at termination and the current status of the Materials.
10.3 Termination of the Project may occur under one or more of the following circumstances:
10.3.1 the Project reaches completion;
10.3.2 the Project cannot be carried out by the Recipient for the following reasons:
10.3.2.1 the Donors withdraw consent for use as contemplated hereunder and in such numbers as to render continuation of the Project impracticable or impossible;
10.3.2.2 the Recipient entity dissolves, winds-up or ceases to continue operating for any reason whatsoever;
10.3.2.3 the HREC withdraws approval for the Project in its entirety;
10.3.2.4 either Party terminates the Agreement on reasonable notice; or
10.3.2.5 a force majeure makes continuance of the Project impracticable or impossible.
10.4 The Recipient will, on termination of the project, immediately discontinue using the Material for any purpose whatsoever.
10.5 Destruction, return to the Provider or transfer of Materials will be undertaken by the recipient, or any other arrangements made, with the express approval of the HREC.
TERMINATION OF PROJECT. (a) The Participants shall be entitled to cease making Project Contributions at any time and for any reason, subject to the following:
(i) All of the Participants shall execute and deliver to IID a document stating their intention to terminate the Project pursuant to this Section 3.08.
(ii) In accordance with the procedures set forth in this Article III, the Participants shall pay all Shared Costs which are committed to be paid and the payment of which cannot be avoided. For this purpose, any costs incurred by IID as a result of such termination shall be deemed to be included in the Shared Costs.
(b) IID shall retain all rights, interests and property, real and personal, acquired for the Project for a period of three (3) years following the delivery of the document referred to in paragraph (a)(i) above, to enable the Participants or any of them to find a suitable means of financing the completion of the Project. Upon notice executed and delivered to IID by the Participants during such three (3) year period, IID shall transfer to the Participants or their designee all right, title and interest in and to all or any portion of the towers, cable, transformers and other tangible personal property and fixtures the acquisition of which was funded by the Participants pursuant to this Agreement and which is specified in such notice (the "acquired equipment"). The acquired equipment, if acquired by the Participants, shall be transferred to and held by the Participants in fractional undivided interests equal to the following:
(i) I(i) = ------ PC(tn) where I(i) is the Participant's interest, PC(i) is the total of the Project Contributions made by the Participant, and PC(tn) is the total of the Project Contributions made by all Participants not in default. Within sixty (60) days after its receipt of the notice referred to in this paragraph (b), IID may, at its option and upon written notice given to the Manager, elect to compensate the Participants for all amounts paid by IID in connection with the acquisition of the acquired equipment and included in cash calls issued by IID pursuant to Section 3.02 (including taxes, freight and the cost of installing the towers and any other fixtures). Such compensation shall be paid to the Manager and shall be distributed among the Participants in accordance with the foregoing formula. Following the transfer of the acquired equipment or the payment of compensation by IID as provided in this paragraph (b), or the elapse of the foreg...
TERMINATION OF PROJECT. If any portion of Project covered by this Agreement shall be suspended, abated, abandoned or terminated, CITY shall pay CONSULTANT for the services rendered to the date of such suspended, abated, abandoned or terminated work; the payment to be based, insofar as possible, on the amounts established in this Agreement or, where the Agreement cannot be applied, the payment shall be based upon a reasonable estimate as mutually agreed upon between the two (2) parties as to the percentage of the work completed.
TERMINATION OF PROJECT. Termination of the Project will occur under one or more of the following circumstances:
TERMINATION OF PROJECT. Either Party shall have the right to terminate the Project in accordance with the provisions herein. The Party wishing to terminate the Project shall request in writing a pre-termination consultation with the other Party to review potential concerns and to make reasonable efforts to continue with this Agreement. [*] days following said consultation, either Party may terminate the Project upon a further [*] days’ prior written notice to the other Party if the terminating Party determines in good faith that the development of the Product is not clinically, commercially or technically feasible using commercially reasonable efforts. If the Project or this Agreement is terminated in accordance with this Section 10.2, Pfizer will advise Xxxxxxx of the costs it has incurred under the Project up to the date of such termination Xxxxxxx will pay to Pfizer that portion of the Development Fees that represents (a) the work that Pfizer has completed and for which payment has not yet been received, and (b) on a pro rata basis, all work that Pfizer has undertaken but not yet completed as of the date of notice of termination. In addition, Xxxxxxx will reimburse Pfizer for all of its out-of-pocket costs related to any non-cancelable commitments for raw materials, Components and other services that Pfizer has undertaken as part the Project in accordance with the Statement of Work. Xxxxxxx shall pay Pfizer any amount [*].
TERMINATION OF PROJECT. If PTRC decides to terminate the Project without the concurrence of the Department, PTRC shall reimburse the Department one hundred percent (100%) of all costs expended by the Department and associated with the Project.
TERMINATION OF PROJECT. When the Project is no longer capable of, or can no longer be made capable of, producing electricity consistent with Prudent Utility Practice or the requirements of governmental agencies having jurisdiction, or when part or all of the Project is removed from service, Operator shall make commercially reasonable efforts to sell all salable parts of the portion of the Project being removed from service to the highest bidders; provided, however, if the entire -------- ------- Project is being removed from service and if Operator should determine that the Project will bring a greater amount at salvage if sold as a unit, including the structures, than it would if it were dismantled and the salable parts removed and sold, then Operator may sell the Project as a unit to the highest bidder. After deducting all costs of terminating the Project, including, without limiting the generality of the foregoing, the cost of decommissioning, razing all structures and disposing of the debris and meeting all applicable requirements of law, Operator shall close any remaining Project accounts and, if there are net proceeds, distribute to each Owner its percentage share of such proceeds. In the event such costs of ending the Project exceed available funds, each Owner shall pay its percentage share of such excess as incurred.
TERMINATION OF PROJECT i. The Department shall have the right to abandon the Project at any time it sees fit prior to the time CSXT or Municipality has been called upon to perform any part of this Agreement.
ii. If CSXT or the Municipality decides to terminate the Project without the concurrence of the Department, the terminating party shall reimburse the Department one hundred percent (100%) of all costs expended by the Department and associated with the Project.
