Termination of the Concession Agreement Sample Clauses

Termination of the Concession Agreement. 69 16.1 Termination Procedure 69 16.2 Obligations during Termination Period 69 16.3 Requisition 69 16.4 Condition Survey 69 16.5 Consequences of Termination 70 ARTICLE 17 71 COMPENSATION 71 17.1 Compensation 71
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Termination of the Concession Agreement. The Concessionaire will be entitled to issue a notice of termination to the State which shall be effective within seven (7) days following receipt of such notice ("Notice of Termination") if the event of default is not remedied by the expiration of Cure Period.
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Termination of the Concession Agreement. The Parties acknowledge that the Concession Agreement (Section 2.3) includes several conditions precedent that must be satisfied prior to Friends operating LSRA and, if said conditions are not satisfied, neither Friends, the County, nor the Coalition shall have any further obligations under the Concession Agreement. Accordingly, if the conditions precedent are not satisfied, the Concession Agreement is terminated and Friends shall have no obligations under this Agreement.
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Termination of the Concession Agreement. Notwithstanding any other provisions of this Concession Agreement (including any provision that provides for the termination of any rights or obligations of any Party), if this Concession Agreement is terminated in respect of all Parties for any reason (including, for the avoidance of doubt, as a result of repudiatory breach):
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Termination of the Concession Agreement due to Concessionaire Event of Default shall inter alia have the following consequences in addition to those mentioned in Clause 3.3 above:
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Termination of the Concession Agreement. Termination Procedure The Party entitled to terminate this Agreement either on account of a Force Majeure Event or on account of an Event of Default shall do so by issue of a notice in writing (“Termination Notice”) to the other Party. The Termination Notice shall be of not less than 90 (ninety) Days and not ordinarily be more than 180 (one hundred and eighty) Days, (“Termination Period”) and at the expiry of the Termination Period, this Agreement shall stand terminated without any further notice. Obligations during Termination Period During Termination Period, the Parties shall subject where applicable to the provisions of this Article 15, continue to perform such of their respective obligations under this Agreement which are capable of being performed with the object, as far as possible, of ensuring continued availability of the Project Facilities and Services to the users, failing which the Party in breach shall compensate the other Party for any loss or damage occasioned or suffered on account of the underlying failure/breach.
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Termination of the Concession Agreement 
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Related to Termination of the Concession Agreement

  • Termination of the Contract 11.1. The Coordinator may terminate the contract if the Co-beneficiary has inadequately discharged or failed to discharge any of the contractual obligations, insofar as this is not due to force majeure, after notification of the Co-beneficiary by registered letter has remained without effect for one month.

  • 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 the Agreement In the event of failure by the participant to perform any of the obligations arising from the agreement, and regardless of the consequences provided for under the applicable law, the institution is legally entitled to terminate or cancel the agreement without any further legal formality where no action is taken by the participant within one month of receiving notification by registered letter. If the participant terminates the agreement before its agreement ends or if he/she fails to follow the agreement in accordance with the rules, he/she shall have to refund the amount of the grant already paid, except if agreed differently with the sending organisation. In case of termination by the participant due to "force majeure", i.e. an unforeseeable exceptional situation or event beyond the participant's control and not attributable to error or negligence on his/her part, the participant shall be entitled to receive at least the amount of the grant corresponding to the actual duration of the mobility period. Any remaining funds shall have to be refunded, except if agreed differently with the sending organisation.

  • OPERATION OF AGREEMENT This Agreement will be effective and binding immediately upon its execution, but, anything in this Agreement to the contrary notwithstanding, this Agreement will not be operative unless and until a Change in Control occurs. Upon the occurrence of a Change in Control at any time during the Term, without further action, this Agreement shall become immediately operative.

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