Transfer of Ownership Upon Expiration or Termination Sample Clauses

Transfer of Ownership Upon Expiration or Termination. Upon the expiration or termination of this Agreement, the below ground portions of the Conversion System, the building, and the Utility Interface shall become the personal property and responsibility of the County. Contractor shall have no further responsibility with respect to the below ground portions of the Conversion System, and Utility Interface after Contractor conveys title to such equipment, free and clear of any encumbrances, liens or security interest. Notwithstanding the above, within ninety (90) days after the expiration or termination of this Agreement, County shall have the option to purchase the above-ground portions of the Conversion System including any Contractor owned transmission equipment to County for an amount equal to the Fair Market Value as determined herein below. If County elects to exercise its option, it will give Contractor written notice that it intends to purchase, all or part of the Conversion System. Should County purchase some or all of the above-ground portions of the Conversion System including any Contractor owned transmission equipment, Contractor will convey title to County free and clear from any and all liens and security interests. All property to be conveyed by Contractor under this subsection must be in good operating condition. In determining the Fair Market Value, the County shall deduct the cost, as determined by the County, of repairs required to restore the facilities to good working conditions from the purchase price. If the County chooses not to purchase the Conversion System, within ninety (90) days the Contractor shall, at its sole expense, remove all Conversion System and any associated transmission equipment except for the building from the Landfill and return the Conversion System Site beyond the confines of the building to its original condition unless otherwise agreed in writing. Nothing in this Section 12 shall be construed to create an obligation on the County to buy any portions of the Conversion System. Should Contractor fail to remove Contractor's Equipment as required under this Section 12, such property shall be deemed abandoned and shall become the property of the County. Should the County incur cost associated with the removal of abandoned equipment and/or site restoration associated with such abandonment, the Contractor shall be liable for such cost. This liability shall expire twelve (12) months after the abandonment if the County has not notified the Contractor in writing that site cle...
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Related to Transfer of Ownership Upon Expiration or Termination

  • Data Transfer Upon Termination or Expiration Provider will notify the Division of impending cessation of its business and any contingency plans. Provider shall implement its exit plan and take all necessary actions to ensure a smooth transition of service with minimal disruption to the Division. As mutually agreed upon and as applicable, Provider will work closely with its successor to ensure asuccessful transition to the new equipment, with minimal downtime and effect on the Division, all such work to be coordinated and performed in advance of the formal, transition date.

  • Transfer of Responsibility on Expiry or Termination 15.1 The Contractor shall, at no cost to the Department, promptly provide such assistance and comply with such timetable as the Department may reasonably require for the purpose of ensuring an orderly transfer of responsibility upon the expiry or other termination of this Contract. The Department shall be entitled to require the provision of such assistance both prior to and, for a reasonable period of time after the expiry or other termination of this Contract.

  • Termination of Contract for Cause 5.1.1 If A-E breaches any of the covenants or conditions of this CONTRACT, COUNTY shall have the right to terminate this CONTRACT upon ten (10) days written notice prior to the effective day of termination.

  • Property Rights upon Termination or Expiration of Contract In the event the Contract is terminated for any reason, or upon its expiration State Property remains the property of the System Agency and must be returned to the System Agency by the end date of the Contract or upon System Agency’s request.

  • PROVISIONS SURVIVING EXPIRATION OR TERMINATION Notwithstanding the expiration or termination (by agreement, breach, or operation of time) of this Agreement, the provisions of this Agreement regarding payments (including liquidated damages and tax payments), reports, records, and dispute resolution of the Agreement shall survive the termination or expiration dates of this Agreement until the following occurs:

  • Termination Upon Sale Notwithstanding anything to the contrary contained herein, a Party may terminate its obligations under this Agreement as to a specific operating area or portion thereof if such Party sells or otherwise transfers the area or portion thereof to a non-Affiliate in compliance with the terms and conditions of this Agreement. The selling or transferring Party shall provide the other Party with at least sixty (60) Days prior written notice of such termination, which shall be effective on the date specified in the notice. Notwithstanding termination of this Agreement as to a specific operating area, this Agreement shall remain in full force and effect in the remaining operating areas.

  • Termination of Contract The Department may terminate the Contract for refusal by the Contractor to comply with this section by not allowing access to all public records, as defined in Chapter 119, F. S., made or received by the Contractor in conjunction with the Contract.

  • Action Upon Termination (a) From and after the effective date of termination of this Agreement, pursuant to Sections 13, 14, or 15 of this Agreement, the Manager shall not be entitled to compensation for further services under this Agreement, but shall be paid all compensation accruing to the date of termination and, if terminated pursuant to Section 13 or Section 15(b), the applicable Termination Fee. Upon such termination, the Manager shall forthwith:

  • DELIVERY UPON TERMINATION OR EXPIRATION No later than the first calendar day after the termination or expiration of the Contract or upon System Agency’s request, Grantee shall deliver to System Agency all completed, or partially completed, Work Product, including any Incorporated Pre-existing Works, and any and all versions thereof. Xxxxxxx’s failure to timely deliver such Work Product is a material breach of the Contract. Grantee will not retain any copies of the Work Product or any documentation or other products or results of Grantee’s activities under the Contract without the prior written consent of System Agency.

  • Termination of Recall Rights The layoff shall be a termination of employment and recall rights shall lapse if the layoff lasts for more than twenty-four (24) consecutive months without recall.

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