Termination Trigger Sample Clauses
A Termination Trigger clause defines specific events or conditions that, when they occur, give one or both parties the right to end the agreement before its natural expiration. This clause typically outlines what constitutes a trigger, such as a material breach, insolvency, or failure to meet key obligations, and may specify the process for providing notice of termination. Its core practical function is to provide a clear and predictable mechanism for ending the contract in response to significant issues, thereby managing risk and protecting the interests of the parties involved.
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Termination Trigger. This Voting Agreement shall terminate upon the first to occur: (i) that date which is three years from the Closing Date (as that term is defined in the Stock Purchase Agreement); or (ii) the death of, or resignation or removal of J▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ or R▇▇▇▇▇ ▇▇▇▇▇ as directors of the Company, but in the event the occurrence (i.e., the death, resignation or removal) is only as to J▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ or only as to R▇▇▇▇▇ ▇▇▇▇▇, than such termination shall only be effective as to that person and shall continue with respect to the other.
Termination Trigger. The Adviser will terminate its relationship with the Fund if the following event occurs (the “Termination Trigger”):
A. The Adviser adds a fourth strategy before the Allocated Portion totals $100 million or more (including the seed investment and any other seed capital provided by any sub-adviser) (the “Threshold”). Once the Threshold is achieved, the Adviser may add a fourth strategy at its discretion, notwithstanding that the Allocated Portion may decrease below $100 million following such time. The Adviser will not be required to terminate its relationship with the Fund so long as, following the occurrence of the Termination Trigger, the Adviser is attempting in good faith to cure such Termination Trigger, and such Termination Trigger is cured within 12 months of the date of its occurrence. In addition, the Adviser will not be required to terminate its advisory relationship with the Fund if the Sub-Adviser resigns at any time or provides the Adviser with written notice of a waiver of the Termination Trigger.