Termination/Resolution Clause Samples
Termination/Resolution a) Each Party may terminate the Contract at any time by giving at least 3 months’ notice to the other Party by registered letter.
b) Any failure by a Party (defaulting Party), in tort or under the Contract, which is not remedied by the defaulting Party within 15 calendar days of the formal notice sent to it by the other Party, shall entitle the other Party to terminate the Contract as of right, without prior notice and without compensation to the defaulting Party.
c) The Contract will be automatically suspended, or even permanently and immediately terminated by ▇▇▇▇▇▇▇, to the sole detriment of the Merchant, (i) if the Merchant appears being no longer authorized to accept and be reimbursed for Vouchers or (ii) in the event of significant or repeated invalid, suspicious, or fraudulent Transactions at a Point of Sale of the Merchant.
d) Termination of the Contract to the detriment of the Merchant automatically and without notice results in the Merchant’s obligation to compensate Edenred for the loss suffered due to or upon this termination, with this loss being fixed at a flat rate equivalent to 3 times the average monthly Price charged and/or invoiced during the term of the Contract.
Termination/Resolution. Lessees who want to request early termination of the lease must give the lessor notice by registered letter sent to the registered office located at ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇, ▇, ▇▇▇▇ ▇▇▇▇▇▇▇-▇▇-▇▇▇▇▇.
1° Lessees can end their lease at any time by providing a notice period of two months and paying a penalty of three months rent, excluding charges, to the lessor.
1° If during the month following notification of their departure, the student provides the lessor with documents which prove that their registration was not accepted or was rejected by the secondary or post-secondary establishment, or that they abandoned their studies, as documented by an attestation from the educational establishment;
Termination/Resolution. 1° Lessees who want to request early termination of the lease must give the lessor notice by registered letter sent to the registered office located at ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇, ▇, ▇▇▇▇ ▇▇▇▇▇▇▇-▇▇-▇▇▇▇▇. Lessees can end their lease at any time by providing a notice period of three months and paying a penalty of two months rent, excluding charges, to the lessor.
a) Lease longer than six months The notice period is three months starting the following month, on the same day as the effective date of the lease. This means that if the lease took effect on the 15th of a given month, the notice period will start on the 15th of the month following receipt of the departure notice. In addition to the rent due during the notice period, the lessee will be liable for a set termination penalty in the amount of two months of rent excluding charges, and 50% of the cost of the exit inventory and of the cost of the entry inventory for the next lease. If the termination request is notified ten days at least before the lease takes effect, only the termination penalty will be due.
b) Lease less than six months The lessee is required to pay the rent until there is a new tenant. The lessee will be liable for a set termination penalty in the amount of two months of rent excluding charges, and 50% of the cost of the exit inventory and of the cost of the entry inventory for the next lease. The termination request is enforceable on the furniture leasing company if the contracts were signed at the same time and the lease conditions are applicable. In this situation, and in addition to a set €25 penalty, the furniture rental amounts will be payable until the premises are occupied again and a new lease has been signed for them.