Common use of Unilateral Termination Clause in Contracts

Unilateral Termination. 15.1. Notwithstanding any provisions to the contrary, the Company may terminate this Agreement at any time, without notice or cause (the “Unilateral Termination”). For the avoidance of doubt, the Company may also exercise this right of Unilateral Termination in the event that the Performance Agreement to which this Agreement relates terminates for any reason. 15.2. In the event of Unilateral Termination, the Company shall send a Unilateral Termination Notice to the Investor (the “Unilateral Notice”). As the case may be, the Unilateral Notice may indicate whether the Unilateral Termination is caused by an Overage or termination of the Performance Agreement. 15.3. The Company shall send a Notice to the Investor containing the Termination Amount (the “Compensation Notice”) within seven (7) days of receipt of the Unilateral Notice. 15.4. The Company undertakes to pay the Termination Amount to the Investor no later than sixty (60) days from the date of receipt by Investor of the Compensation Notice. 15.5. The Termination Amount shall be : (i) for cases of Unilateral Termination for Overage, the corresponding Fixed Compensation; (ii) in the event of termination of the Performance Agreement, the amount of the indemnity received by the Company divided by the Maximum Supply; or (iii) for all other cases of Unilateral Termination, the amount equal to [(Average of the Price over the thirty (30) days preceding the date of the Unilateral Notice PLUS thirty percent (30%))]. 15.6. The Unilateral Termination shall take effect on the day of receipt of the Unilateral Notice.

Appears in 8 contracts

Samples: Agreement (Manse Usa LLC), Agreement (Manse Usa LLC), Investment Agreement (Manse Usa LLC)

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Unilateral Termination. 15.1. Notwithstanding any provisions to the contrary, the Company may terminate this Agreement at any time, without notice or cause (the “Unilateral Termination”). For the avoidance of doubt, the Company may also exercise this right of Unilateral Termination in the event that the Performance Agreement to which this Agreement relates terminates for any reason. 15.2. In the event of Unilateral Termination, the Company shall send a Unilateral Termination Notice to the Investor (the “Unilateral Notice”). As the case may be, the Unilateral Notice may indicate whether the Unilateral Termination is caused by an Overage Overage, a Geographic Change or termination of the Performance Agreement. 15.3. The Company shall send a Notice to the Investor containing the Termination Amount (the “Compensation Notice”) within seven (7) days of receipt of the Unilateral Notice. 15.4. The Company undertakes to pay the Termination Amount to the Investor no later than sixty (60) days from the date of receipt by Investor of the Compensation Notice. 15.5. The Termination Amount shall be : (i) for cases of Unilateral Termination for OverageOverage or Geographic Change, the corresponding Fixed Compensation; (ii) in the event of termination of the Performance Agreement, the amount of the indemnity received by the Company divided by the Maximum Supply; or (iii) for all other cases of Unilateral Termination, the amount equal to [(Average of the Price over the thirty (30) days preceding the date of the Unilateral Notice PLUS thirty percent (30%))]. 15.6. The Unilateral Termination shall take effect on the day of receipt of the Unilateral Notice.

Appears in 2 contracts

Samples: Agreement (Manse Usa LLC), Agreement (Manse Usa LLC)

Unilateral Termination. 15.1. Notwithstanding any provisions to the contrary, the Company may terminate this Agreement at any time, without notice or cause (the “Unilateral Termination”). For the avoidance of doubt, the Company may also exercise this right of Unilateral Termination in the event that the Performance Agreement to which this Agreement relates terminates for any reason. 15.2. In the event of Unilateral Termination, the Company shall send a Unilateral Termination Notice to the Investor (the “Unilateral Notice”). As the case may be, the Unilateral Notice may indicate whether the Unilateral Termination is caused by an Overage Overage, a Geographic Change or termination of the Performance Agreement. 15.3. The Company shall send a Notice to the Investor containing the Termination Amount (the “Compensation Notice”) within seven (7) days of receipt of the Unilateral Notice. 15.4. The Company undertakes to pay the Termination Amount to the Investor no later than sixty (60) days from the date of receipt by Investor of the Compensation Notice. 15.5. The Termination Amount shall be : (i) for cases of Unilateral Termination for OverageOverage or Geographic Change, the corresponding Fixed Compensation; (ii) in the event of termination of the Performance Agreement, the amount of the indemnity received by the Company divided by the Maximum Supply; or (iii) for all other cases of Unilateral Termination, the amount equal to [(Average of the Price over the thirty (30) days preceding the date of the Unilateral Notice PLUS thirty percent (30%))]. 15.6. The Unilateral Termination shall take effect on the day of receipt of the Unilateral Notice.

Appears in 1 contract

Samples: Agreement (Manse Usa LLC)

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Unilateral Termination. 15.1. Notwithstanding any provisions to the contrary, the Company may terminate this Agreement at any time, without notice or cause (the “Unilateral Termination”). For the avoidance avoidanc of doubt, the Company may also exercise this right of Unilateral Termination in the event that the Primary Agreement or the Performance Agreement to which this Agreement relates terminates for any reason. 15.2. In the event of Unilateral Termination, the Company shall send a Unilateral Termination Notice to the Investor (the “Unilateral Notice”). As the case may be, the Unilateral Notice may indicate whether the Unilateral Termination is caused by an Overage Overage, a Geographic Change or termination of the Performance Primary Agreement. 15.3. The Company shall send a Notice to the Investor containing the Termination Amount (the “Compensation Notice”) within seven (7) days of receipt of the Unilateral Notice. 15.4. The Company undertakes to pay the Termination Amount to the Investor no later than sixty (60) days from the date of receipt by Investor of the Compensation Notice. 15.5. The Termination Amount shall be : (i) for cases of Unilateral Termination for OverageOverage or Geographic Change, the corresponding Fixed Compensation; (ii) in the event of termination of the Performance Primary Agreement, the amount of the indemnity received by the Company divided by the Maximum Supply; or (iii) for all other cases of Unilateral Termination, the amount equal to [(Average of the Price over the thirty (30) days preceding the date of the Unilateral Notice PLUS thirty percent (30%))]. 15.6. The Unilateral Termination shall take effect on the day of receipt of the Unilateral Notice.

Appears in 1 contract

Samples: Agreement (Manse Usa LLC)

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