TRW's Right to Terminate Sample Clauses

TRW's Right to Terminate. MWI may, in its discretion (but subject to the three- year waiting period), select the time to deliver the various Water Service Requests, provided, however, that if MWI has not submitted its first Water Service Request to TRW within ten (I 0) years from the Effective Date of this Agreement, then MWI's rights hereunder may be terminated in accordance with the following procedures: If MWI has not issued its first Water Service Request to TRW within ten (I 0) years from the Effective Date of this Agreement, and if TRW desires to terminate its future water service obligations to MWI here under, then TRW shall give MWI written notice of TRW's desire to terminate its future water service obligations to MWI hereunder (an "Intent to Terminate Notice"), in which case MWI shall have the right, within one (1) year of receipt of that Intent to Terminate Notice, within which to issue to TRW either (a) a Water Service Request (as hereinafter defined) or (b) an Extension Notice (as hereinafter defined). A "Water Service Request" from MWI shall be deemed a commitment from MWI that it is proceeding forward with entitlement work for its Future Development and will be in need of municipal water service in the future and that TRW is expected to commence the necessary water service applications and planning for the water distribution facilities needed to serve the Future Development as provided for herein. In the event MWI timely provides a Water Service Request to TRW after receipt of such Intent to Terminate Notice, then the water service obligations of TRW hereunder shall continue in full force and effect as if no Intent to Terminate Notice was issued provided, however, that MWI, with its Water Service Request notice to TRW, includes payment of the Water Resource Fee (as defined below) for at least 50 SFE Taps and notifies TRW that MWI is requesting service and committing thereafter to purchase at least 50 SFE Taps per year until the Future Development is fully serviced with municipal water. If MWI merely desires to extend its rights and TRW's water service obligations under this Agreement, then MWI may issue an Extension Notice, accompanied by payment equal to the Water Resource Fee for 50 SFE Taps, which shall mean that MWI is merely extending TRW's obligations under this Agreement for an additional year, and with the understanding that TRW's will be entitled to terminate this Agreement one year from the date of MWI's Extension Notice unless MWI again pays an extension f...
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Related to TRW's Right to Terminate

  • Right to Terminate Notwithstanding anything to the contrary set forth in this Agreement, this Agreement may be terminated and the transactions contemplated herein abandoned at any time prior to the Closing:

  • Purchaser’s Right to Terminate Anything in any of the Transaction Documents to the contrary notwithstanding, each Purchaser has the right to demand and receive back from the Company such Purchaser’s Subscription Amount at any time until a Closing takes place in connection with such Subscription Amount. UNDER NO CIRCUMSTANCES WILL THE PURCHASER’S SUBSCRIPTION AMOUNT BE DELIVERED TO OR UNDER THE CONTROL OR AUTHORITY OF ANY PLACEMENT AGENT OR BROKER INCLUDING BUT NOT LIMITED TO PALLADIUM CAPITAL ADVISORS, LLC.

  • Company’s Right to Terminate Notwithstanding the provisions of Section 3.1, Company shall have the right to terminate Executive’s employment under this Agreement at any time for any of the following reasons:

  • Licensee’s Right to Terminate Licensee may, at its option, without prejudice to any other remedies it may have, terminate this agreement by giving written notice of such termination to Licensor as follows: (a) immediately, in the event that Licensor abandons the Licensed Marks or otherwise ceases to support the Licensed Marks in Licensor's business; or (b) immediately in the event of the occurrence of a Bankruptcy with respect to Licensor; or (c) immediately in the event of an occurrence of termination pursuant to Section 13.2(d).

  • Executive’s Right to Terminate Notwithstanding the provisions of paragraph 2.1, Executive shall have the right to terminate his employment under this Agreement for any of the following reasons:

  • Tenant’s Right to Terminate If the Leased Premises, the Building or the Outside Area are damaged by any peril and Landlord does not elect to terminate this Lease or is not entitled to terminate this Lease pursuant to this Article, then as soon as reasonably practicable, Landlord shall furnish Tenant with the written opinion of Landlord's architect or construction consultant as to when the restoration work required of Landlord may be complete. Tenant shall have the option to terminate this Lease in the event any of the following occurs, which option may be exercised only by delivery to Landlord of a written notice of election to terminate within seven days after Tenant receives from Landlord the estimate of the time needed to complete such restoration:

  • Landlord’s Right to Terminate Landlord shall have the option to terminate this Lease in the event any of the following occurs, which option may be exercised only by delivery to Tenant of a written notice of election to terminate within thirty days after the date of such damage or destruction:

  • Right to Terminate Agreement This Agreement may be terminated prior to the Closing:

  • Employee’s Right to Terminate for Convenience In addition to Employee’s right to terminate Employee’s employment for Good Reason, Employee shall have the right to terminate Employee’s employment with the Company for convenience at any time and for any other reason, or no reason at all, upon thirty (30) days’ advance written notice to the Company; provided, however, that if Employee has provided notice to the Company of Employee’s termination of employment, the Company may determine, in its sole discretion, that such termination shall be effective on any date prior to the effective date of termination provided in such notice (and, if such earlier date is so required, then it shall not change the basis for Employee’s termination of employment nor be construed or interpreted as a termination of employment pursuant to Section 7(b)).

  • Reservation of Right to Terminate Relationship Nothing contained in this Agreement shall restrict the right of the Company to terminate the relationship of the Optionee at any time, with or without cause. The termination of the relationship of the Optionee by the Company, regardless of the reason therefor, shall have the results provided for in Sections 3 and 4 of this Agreement.

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