Grounds for Termination definition

Grounds for Termination. ’ means, in relation to a Grantee, that (i) the Grantee’s conduct has
Grounds for Termination event or circumstance specified in clause 8.1.
Grounds for Termination. For Cause" shall exist:

Examples of Grounds for Termination in a sentence

  • Grounds for Termination The Agreement may be terminated for: Developer’s failure to close its financing by the Financial Close Deadline; continuing Force Majeure Events and Extended Relief Events; certain defaults by either party; convenience of TxDOT; court order voiding the Agreement or making performance of a fundamental obligation or exercise of a fundamental right under the Contract Documents impossible; and lack of NEPA Finality.


More Definitions of Grounds for Termination

Grounds for Termination means, in relation to a Grantee, that (i) the Grantee’s

Related to Grounds for Termination

  • Termination for Cause or "Cause" shall mean termination because of the Executive's personal dishonesty, willful misconduct, any breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, conviction of a felony with respect to the Bank or the Company or any material breach of this Agreement. For purposes of this Section, no act, or the failure to act, on the Executive's part shall be "willful" unless done, or omitted to be done, in bad faith and without reasonable belief that the action or omission was in the best interest of the Company or its affiliates. Any act, or failure to act, based upon authority given pursuant to a resolution duly adopted by the Board or based upon the written advice of counsel for the Company shall be conclusively presumed to be done, or omitted to be done, by the Executive in good faith and in the best interests of the Company. Notwithstanding the foregoing, the Executive shall not be deemed to have been terminated for Cause unless and until there shall have been delivered to him a Notice of Termination which shall include a copy of a resolution duly adopted by the affirmative vote of not less than three-fourths of the members of the Board at a meeting of the Board called and held for that purpose (after reasonable notice to the Executive and an opportunity for him, together with counsel, to be heard before the Board), finding that in the good faith opinion of the Board, the Executive was guilty of conduct justifying Termination for Cause and specifying the particulars thereof in detail. The Executive shall not have the right to receive compensation or other benefits for any period after Termination for Cause.

  • Event of Termination has the meaning specified in Section 7.01.

  • Additional Termination Event has the meaning specified in Section 5(b).

  • Good Reason Termination means a termination of employment or service initiated by the Participant upon or after a Change of Control upon one or more of the following events:

  • Constructive Termination means: