Termination of the Consortium Agreement Sample Clauses

Termination of the Consortium Agreement. This Consortium Agreement shall terminate automatically upon rejection of the Project Application by the Stichting LSH-TKI. Furthermore, in the event that the PPP Allowance Agreement is terminated, the Consortium Agreement may be terminated by the Participants upon mutual written agreement and the prior written approval of Stichting LSH-TKI.
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Termination of the Consortium Agreement. Subject to Section 6.02(b) of the Consortium Agreement, the Consortium Agreement is hereby unconditionally and irrevocably terminated in its entirety (and notwithstanding Section 6.02(b) of the Consortium Agreement, including Article V (Exclusivity) thereof) pursuant to Section 6.01(c) of the Consortium Agreement and is of no further force or effect, effective as of the date of this Agreement. The Parties hereby agree and acknowledge that no breach of the Consortium Agreement by any Party occurred prior to the date of this Agreement.
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Termination of the Consortium Agreement. The Consortium Agreement shall be terminated with immediate effect; provided that, notwithstanding the foregoing, (a) Section 3.01(b) (Transaction Costs), Article IV (Limitation of Liability), Section 7.02 (Confidentiality), Section 7.03 (Permitted Disclosures), Article VIII (Notices), Article X (Miscellaneous) (other than Section 10.02 (Further Assurances)), and Article XI (Definitions and Interpretation) of the Consortium Agreement shall continue to have effect and be binding on each Party in accordance with their respective terms following such termination, and (b) nothing herein shall relieve any Party from liability for any breach of the Consortium Agreement or other acts or omissions occurring on or prior to the date hereof, and each Party reserves all of its respective rights.
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Termination of the Consortium Agreement. In the event that the Grant Decision is terminated, the Consortium Agreement may be terminated by the Participants upon mutual written agreement and the prior written approval of KWF.
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Termination of the Consortium Agreement. 10.1) This Consortium Agreement shall be valid as long as the project is running and shall not be cancelled until final reports are approved by the Management Committee and the funding agencies. 10.2) In the event that a Partner breaches its obligations under this Consortium Agreement, the Management Committee may, subject to the agreement of the founding agencies, terminate the Agreement with the defaulting Partner if, within thirty (30) days of a registered letter with acknowledgement of receipt have been sent to that Partner, the defaulting Partner has still failed to comply with its obligations. The termination decision must be adopted by unanimous vote from the non-defaulting Partners within the Management Committee. (a) Its obligation according to section 7 (confidentiality) shall remain unaffected; (b) The licenses or rights of use granted to the other partners on the basis of this Agreement shall not be affected; (c) As far as the continuation of the project is reasonable, the tasks of the withdrawing Partner which have not been carried out yet may be taken on by a new Partner after mutual agreement of the remaining Partners. The obligations of the remaining Partners to the withdrawing Partner set forth under sections 7, 8 and 9 of this Consortium Agreement shall be applicable only for project results that were attained prior to the receipt of the notice. The obligations of the withdrawing Partner set forth in the aforementioned provisions shall continue to apply, even after its withdrawal, to all project results that are granted to him on the basis of activities which were assumed and/or started in connection with the Project.
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Termination of the Consortium Agreement. Each of the Founder and Sponsor hereby agrees that the Consortium Agreement shall be terminated with immediate effect and with no further force and effect for all respective parties thereunder upon the execution of this Agreement.
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Termination of the Consortium Agreement. This Consortium Agreement shall terminate automatically upon rejection of the Project Application by (one of) the National Funding Bodies. Furthermore, in the event that (one of) the National Funding Agreements terminated, the Consortium Agreement may be terminated by the Participants upon mutual written agreement and the prior written approval of the National Funding Bodies.
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Termination of the Consortium Agreement. This Consortium Agreement shall thereafter remain into force until one of the following occurs: ○ until the fulfilment or termination of the GA awarded by the Commission and resulting from the Proposal and complete discharge of all obligations of the Beneficiaries under the GA and/or under this Consortium Agreement as well as any amendment or extension thereof ; or ○ until this Consortium Agreement is terminated under any of the conditions described below. This Consortium Agreement shall automatically terminate without any further demand and without liability of any Beneficiary to the others upon the first to occur of the following events: i) Cancellation of the Network of Excellence by the Commission; ii) Termination of the entire GA by the Commission; iii) Should any Beneficiary enter into bankruptcy or liquidation or any other arrangement for the benefit of its creditors, if the other Beneficiaries decide, subject to approval by the Commission, to terminate the Network of Excellence.
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Related to Termination of the Consortium Agreement

  • Termination of the Contract 1. The Contractor may terminate the contract if the Partner 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 Partner by registered letter has remained without effect for one month. 2. The Partner shall immediately notify the Contractor, supplying all relevant information, of any event likely to prejudice the performance of this contract.

  • Termination of the Company Upon the voluntary termination of the Company upon the consent of the Members, the sale or other transfer of all or substantially all of the Company's assets or any other termination of the Company in accordance with the provisions of this Agreement, the Company shall wind up its affairs and shall then be liquidated as provided in Article 13.

  • 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.

  • Term and Termination of this Agreement The term of employment of -------------------------------------- Executive (the "Term") pursuant to this Agreement shall commence on the date hereof and shall continue for a term of five (5) years from the date hereof (the "Term"). (a) Executive's employment hereunder shall be terminated during the Term upon the death or Disability of Executive. (b) Executive's employment hereunder may be terminated during the Term by the Company (i) with Cause at any time, and (ii) without Cause upon thirty (30) days written notice to Executive, provided that Executive shall immediately cease the performance of his duties hereunder if the Company shall so request following the date of such notice. In the event Executive's employment is terminated without Cause, the Company shall pay to Executive, as severance pay hereunder, an amount equal to the annual Base Salary paid to Executive at the Effective Date of Termination, which amount shall be paid in twelve (12) substantially equal monthly installments (less such deductions and withholdings as are required by law or the policies of the Company) commencing with the first day of the calendar month next following. (c) Upon termination of Executive's employment hereunder pursuant to subsection 4(a) or for Cause pursuant to subsection 4(b), or upon voluntary termination by Executive of Executive's employment hereunder, the Company shall have no further obligation to Executive or his personal representative with respect to remuneration due under this Agreement, except for Base Salary earned but unpaid at the Effective Date of Termination and, in the case of termination of employment under subsection 4(a), a pro rata portion (based on the number of days of the fiscal year of the Company in which such termination occurred during which this Agreement was in effect) of the bonus, if any, payable under Section 3(b) with respect to such fiscal year. Payment of such bonus, if any, shall be made at such time as similar bonuses are paid to other executives of the Company with respect to such fiscal year. (d) If Executive's employment hereunder is terminated during the Term by the Company without Cause pursuant to subsection 4(b), the Company shall have no obligation to Employee with respect to renumeration due under this Agreement or such termination other than (i) Base Salary earned but unpaid at the Effective Date of Termination, and (ii) a pro rata portion (based on the number of days of the fiscal year of the Company in which the Effective Date of Termination occurred during which this Agreement was in effect) of the bonus, if any, payable under Section 3(b) with respect to such fiscal year, and (iii) the severance pay described in subsection 4(b). Payment pursuant to clause (ii) of the preceding sentence shall be made when such bonuses are paid to other executive officers receiving bonus payments with respect to such fiscal year. (e) Notwithstanding anything to the contrary expressed or implied herein, the covenants and agreements of Executive in Sections 5 and 6 of this Agreement shall survive the termination of Executive's employment hereunder.

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