Termination of Sale Agreement. Except as otherwise permitted under Section 7.1(k), Seller will not terminate the Sale Agreement or send any termination notice to any Originator in respect thereof, without the prior written consent of each of the Purchasers.
Termination of Sale Agreement. In the event that the Sale Agreement is terminated or cancelled by agreement by the parties thereto or in accordance with its terms or lapses or becomes void without completion and passing of title thereunder having occurred, the Existing Lessor and the New Lessor will promptly notify the Lessee thereof and this Agreement, save for Clause 11.6 hereof, shall thereupon automatically be cancelled and terminated and the rights and obligations of the Existing Lessor and the Lessee under the Lease shall continue unaffected by this Agreement and the Existing Lessor shall forthwith deliver to the Lessee the Lease Declaration in the form and of contents provided for in Annex D, Part II, Section c. to the Lease Agreement and the New Lessor shall forthwith return to the Lessee any and all documents delivered by or on behalf of the Lessee pursuant to clause 6 hereof.
Termination of Sale Agreement. Borrower will not terminate the Sale Agreement or send any termination notice to any Originator in respect thereof, without the prior written consent of each of the Lenders.
Termination of Sale Agreement. This Program Agreement may be terminated by either Party upon the effective date of the termination of the Sale Agreement.
Termination of Sale Agreement. If the Borrower has delivered to the Holders on or prior to October 31, 1999 a Sale Agreement, but such agreement terminates for any reason after such date, then pursuant to the Warrant Agreement the Borrower is obligated to issue on the date of such termination (the "Termination Date") to General Atlantic and the Cayre Family warrants to purchase, at an exercise price per share equal to $.01, an aggregate of 2,500,000 shares of common stock of the Borrower (the "Termination Warrants"). The Cayre Family hereby assigns to General Atlantic the Cayre Family's right to receive its pro rata share of such warrants, which the parties hereby agree is warrants to purchase 833,333 shares of 00000X000 Page 55 of 80 Pages common stock of the Borrower allocated among the Cayre Family in accordance with the Allocable Percentage, and upon the issue of the 2,500,000 Termination Warrants to General Atlantic, the number of shares of common stock of the Borrower subject to the Original Options shall be reduced by 500,000; provided, however, that notwithstanding the foregoing, (i) if General Atlantic has exercised the Original Options in whole on or prior to the Termination Date, then the assignment to General Atlantic by the Cayre Family of its right to receive such warrants to purchase 833,333 shares of common stock shall automatically terminate and the warrants shall be allocated pursuant to Schedule 1 of the Warrant Agreement and (ii) if General Atlantic has exercised the Original Options in part on or prior to the Termination Date, then the remaining number of shares of common stock of the Borrower subject to the Original Options and, if necessary, the number of warrants assigned by the Cayre Family to General Atlantic pursuant to this subsection (c) shall be proportionately reduced.
Termination of Sale Agreement. This Sale Agreement will terminate pursuant to Articles 3.6, 3.7 or 3.8 or due to a Total Loss of the Aircraft prior to the Sale pursuant to Article 3.5.
Termination of Sale Agreement. Notwithstanding anything herein to the contrary, in the event that either (i) the Closing does not occur prior to June 30, 2006 or (ii) the Sale Agreement is terminated in accordance with its terms, this Agreement shall terminate immediately and shall be deemed to be null and void, ab initio, and Executive will continue to be employed with the compensation, benefits and other terms of employment which he would have received absent this Agreement.
Termination of Sale Agreement. The termination for any reason of the ----------------------------- Sale Agreement.
