Termination rights and payments Sample Clauses

Termination rights and payments. At any time after the occurrence of any Termination Event (and provided that the same is continuing) the Lessor may, by notice to the Lessee, accept any repudiation by the Lessee of this Lease constituted by the occurrence of that Termination Event (whereupon, the Lessee agrees and acknowledges, the Lessee's and the Sub-Lessee's right, title and interest in and to the Ship and to possess and operate the Ship, shall terminate) and, subject to the terms of the Quiet Enjoyment Letter, retake possession of the Ship and the Lessee agrees that the Lessor may for this purpose enter upon any premises belonging to or in the occupation or under the control of the Lessee where the Ship or any part thereof may be located and upon the serving of the Termination Notice (and irrespective of whether possession is retaken by the Lessor) the Lessee shall pay to the Lessor forthwith upon such termination such sum as shall equal the aggregate of:
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Termination rights and payments. At any time after the repudiation of this Agreement by the Hirer, including the occurrence of any Termination Event (and provided that the same is continuing) the Owner may, by notice to the Hirer, accept such repudiation and immediately terminate the Hire Period (whereupon, the Hirer agrees and acknowledges, the Hirer's right, title and interest in and to the Ship and to possess and operate the Ship, shall terminate) and retake possession of the Ship, the Owner agreeing, in such circumstances, that (provided that the seaworthiness of the Ship is not thereby impaired nor the value of the Ship thereby materially diminished nor the specification or structure of the Ship thereby materially altered) the Hirer may first remove or that the Owner will at the Hirer's cost and expense remove and deliver to the Hirer, or to whomsoever else may be entitled thereto, any equipment belonging to the Hirer installed in or on the Ship, and the Hirer agrees that the Owner may for this purpose enter upon any premises belonging to or in the occupation or under the control of the Hirer where the Ship or any part thereof may be located and the Hirer shall pay to the Owner forthwith upon such termination such sum as shall equal the aggregate of:
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Related to Termination rights and payments

  • Rights and Payments Upon Termination The Executive’s right to compensation and benefits for periods after the date on which his employment with the Company terminates for whatever reason (the “Termination Date”), shall be determined in accordance with this Section 6 as follows:

  • Additional Termination Rights In addition to any right to terminate this Agreement under the provisions of this Section 16, either party shall have the further right to terminate this Agreement, upon delivery of written notice to the Agent, upon the occurrence of any of the following:

  • Other Termination Rights This Agreement may be terminated at any time prior to the Closing by the applicable party if and to the extent permitted in Part V of Appendix B.

  • Termination Rights This Agreement may be terminated at any time prior to the Closing:

  • Termination and Payment Upon any termination or expiration of this Agreement, Client shall pay all unpaid and outstanding fees through the effective date of termination or expiration of this Agreement. And upon such termination, Consultant shall provide and deliver to Client any and all outstanding services due through the effective date of this Agreement.

  • Termination; Rights on Termination Employee's employment may be ---------------------------------- terminated in any one of the followings ways, prior to the expiration of the Term:

  • Term; Termination; Rights on Termination The term of this Agreement shall begin on the date hereof and continue for three (3) years, and, unless terminated sooner as herein provided, shall continue thereafter on a year-to-year basis on the same terms and conditions contained herein in effect as of the time of renewal (such initial three year period and any extensions thereof being referred to herein as the "Term"). This Agreement and Employee's employment may be terminated in any one of the following ways:

  • Termination Right The Representative shall have the right to terminate this Agreement at any time prior to any Closing Date, (i) if any domestic or international event or act or occurrence has materially disrupted, or in its opinion will in the immediate future materially disrupt, general securities markets in the United States; or (ii) if trading on any Trading Market shall have been suspended or materially limited, or minimum or maximum prices for trading shall have been fixed, or maximum ranges for prices for securities shall have been required by FINRA or by order of the Commission or any other government authority having jurisdiction, or (iii) if the United States shall have become involved in a new war or an increase in major hostilities, or (iv) if a banking moratorium has been declared by a New York State or federal authority, or (v) if a moratorium on foreign exchange trading has been declared which materially adversely impacts the United States securities markets, or (vi) if the Company shall have sustained a material loss by fire, flood, accident, hurricane, earthquake, theft, sabotage or other calamity or malicious act which, whether or not such loss shall have been insured, will, in the Representative’s opinion, make it inadvisable to proceed with the delivery of the Securities, or (vii) if the Company is in material breach of any of its representations, warranties or covenants hereunder, or (viii) if the Representative shall have become aware after the date hereof of such a material adverse change in the conditions or prospects of the Company, or such adverse material change in general market conditions as in the Representative’s judgment would make it impracticable to proceed with the offering, sale and/or delivery of the Securities or to enforce contracts made by the Underwriters for the sale of the Securities.

  • Rights and Obligations Upon Termination (a) In the event of Employer’s termination of the Term (and Executive’s employment) pursuant to Section 5.3 (which, for the avoidance of doubt, is a termination Without Cause), Employer shall pay Executive:

  • Termination of Options The Options, which become exercisable as provided in paragraphs 3 and 4 above, shall terminate and be of no force or effect as follows:

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