Termination Refund definition

Termination Refund has the meaning set forth in Paragraph 9.9.2 of this Settlement Agreement.
Sample 1Sample 2Sample 3
Termination Refund means, where the Mortgagor has entered into a sale agreement with any person (hereinafter called the “Vendor”) to purchase the mortgaged property and in exercise of its rights under that sale agreement the Vendor has terminated that sale agreement, such amount of the purchase price or other amount which the Vendor is obliged to refund or pay to the Mortgagor pursuant to the Vendor’s exercise of that right of termination.
Sample 1Sample 2Sample 3
Termination Refund has the meaning set forth in Section 13.4.4.
Sample 1

Examples of Termination Refund in a sentence

  • Upon termination, all rights and obligations of the parties automatically terminate except for rights and obligations in respect of Licensed Materials for which Perpetual Access is granted in clause 2.2 [Perpetual Access Rights], for rights and obligations in respect of a refund under clause 10.2.5 [Early Termination Refund], if applicable, and for rights and obligations under such other provisions that, by their nature or their terms, survive termination.

  • The Escrow Agent shall, within seven (7) calendar days of receiving written notice of the Settling Defendants’ exercise of the Walk-Away Right, repay to Settling Defendants the Termination Refund.

  • I choose to roll over all of my Cash Balance Lump-Sum Termination Refund Benefit.• You must complete the Cash Balance Benefit Program Rollover Distribution form (CB475) I choose to roll over part of my Cash Balance Lump-Sum Termination Refund Benefit.• You must complete the Cash Balance Benefit Program Rollover Distribution form (CB475) and theCash Balance Benefit Program Income Tax Withholding Preference form (CB584).

  • If the SaaS Services are not performed consistent with the warranty set out in Sections 10.1(ii) above, Client shall be entitled to the remedies set out in Sections 12.2 (Termination) and 12.3 (Termination Refund or Payment Obligations).

  • From and after the Effective Date, the Settlement Funds shall be allocated and used only as specified in Paragraphs 6.2.3, 11.1, 11.2 and 11.5. All unused Settlement Funds, including all interest earned thereon, shall be refunded to Settling Defendants should a Termination Refund become payable under Paragraph 9.9.2, 9.10.2, or 10.4 of this Settlement Agreement.

  • When parents make that decision they seem to be directly or indirectly influenced by experiences in their home country, believing that fields in which it was easy to find a job in Somalia are similarly practical in the West.

  • If We exercise our right to terminate under this clause 15.4, we will refund You, on a pro-rated basis, any Fees paid in advance in respect of the period from the termination date to the end of the period for which Fees were paid in advance by You (Termination Refund).

  • Trust Termination; Refund of Unused Expense Funds............4 Section 3.3. Termination of Administration Agreement......................5 Section 3.4.

  • If the project is deemed terminated, you agree to pay Fix My Churn a final payment as calculated in paragraph 15 (Termination, Refund Policy) below.

  • The refund amount will vary, based on the type ofcontract (see the Termination Refund Provisions Chart on page 15).

Related to Termination Refund

  • Termination Warning Notice means a notice sent by the Secretary of State to the Academy Trust, stating his intention to terminate this Agreement.

  • Partial Termination has the meaning set forth in the Section 6.3(a).

  • Termination Fee Event has the meaning ascribed thereto in Section 8.2(2).

  • Termination Notice means the communication issued in accordance with this Agreement by one Party to the other Party terminating this Agreement;

  • Termination Period means the period of time beginning with a Change in Control and ending on the earlier to occur of (1) two years following such Change in Control or (2) the Executive’s death.

  • Termination, Moving You may cancel your acceptance of the Agreement with XOOM at any time prior to midnight of the thirtieth (30th) calendar day after the date of the first bill from your utility that includes XOOM charges for gas supply service without penalty or cancellation fee by calling XOOM at 0-000-000-0000 or by sending an email to xxxxxxxxxxxx@xxxxxxxxxx.xxx. When moving to an address within your local utility’s service territory, XOOM will make every effort to transfer your service to your new service address, provided that you notify XOOM within fifteen (15) days of your move. If a transfer of service is not successful or you move to a location outside your local utility’s service territory, you may cancel this Agreement at no cost to you. Failure to notify XOOM of your move will be considered a cancellation of this Agreement in accordance with its terms.

  • Termination for Good Reason means a Termination of Employment by Executive for a Good Reason.

  • Special Termination Notice means the Notice of Special Termination substantially in the form of Annex VII to this Agreement.

  • Termination for Just Cause means termination because of Executive’s personal dishonesty, incompetence, willful misconduct, breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, willful violation of any law, rule or regulation (other than traffic violations or similar offenses) or final cease-and-desist order, or material breach of any provision of this Agreement.

  • Termination for Cause" shall mean termination of the Executive's employment because of:

  • Company Termination Fee has the meaning set forth in Section 7.3(a).

  • Notice of Termination for Good Reason shall have the meaning set forth in Section 1(t).

  • Termination for Cause means termination because of: (1) Executive's personal dishonesty, willful misconduct, breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, willful violation of any law, rule, regulation (other than traffic violations or similar offenses), final cease and desist order or material breach of any provision of this Agreement which results in a material loss to the Institution or the Holding Company, or (2) Executive's conviction of a crime or act involving moral turpitude or a final judgement rendered against Executive based upon actions of Executive which involve moral turpitude. For the purposes of this Section, no act, or the failure to act, on Executive's part shall be "willful" unless done, or omitted to be done, not in good faith and without reasonable belief that the action or omission was in the best interests of the Institution or its affiliates. Notwithstanding the foregoing, 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 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, 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. During the period beginning on the date of the Notice of Termination for Cause pursuant to Section 8 hereof through the Date of Termination, stock options and related limited rights granted to Executive under any stock option plan shall not be exercisable nor shall any unvested awards granted to Executive under any stock benefit plan of the Institution, the Holding Company or any subsidiary or affiliate thereof, vest. At the Date of Termination, such stock options and related limited rights and any such unvested awards shall become null and void and shall not be exercisable by or delivered to Executive at any time subsequent to such Termination for Cause.

  • Termination Disbursement means an amount drawn under a Multi-Series Letter of Credit pursuant to a Certificate of Termination Demand.

  • Extended Termination Date has the meaning specified in Section 2.16(c).

  • Termination Letter has the meaning specified in Section 2.17(b).

  • Early Termination Notice is defined in Section 4.2 of this Agreement.

  • Potential Termination Event means an event which, with the passage of time or the giving of notice, or both, would constitute a Termination Event.

  • Termination Payment has the meaning set forth in Section 6.03.

  • Initial Termination Date has the meaning set forth in Section 9.1(b)(i).

  • Termination Amount has the meaning set forth in Section 7.02(a).

  • Automatic Termination shall have the meaning set forth in Section 2.3.2.

  • Network Termination Point (NTP) means the physical point at which a subscriber is provided with access to a public communications network; in the case of networks involving switching or routing, the NTP is identified by means of a specific network address, which may be linked to a subscriber number or name;

  • Termination Date Disbursement means an amount drawn under a Multi-Series Letter of Credit pursuant to a Certificate of Termination Date Demand.

  • Termination Delivery Unit means (a) in the case of a Termination Event, an Event of Default or an Extraordinary Event (other than an Insolvency, Nationalization, Merger Event or Tender Offer), one Share or (b) in the case of an Insolvency, Nationalization, Merger Event or Tender Offer, a unit consisting of the number or amount of each type of property received by a holder of one Share (without consideration of any requirement to pay cash or other consideration in lieu of fractional amounts of any securities) in such Insolvency, Nationalization, Merger Event or Tender Offer. If a Termination Delivery Unit consists of property other than cash or New Shares and Counterparty provides irrevocable written notice to the Calculation Agent on or prior to the Closing Date that it elects to deliver cash, New Shares or a combination thereof (in such proportion as Counterparty designates) in lieu of such other property, the Calculation Agent shall replace such property with cash, New Shares or a combination thereof as components of a Termination Delivery Unit in such amounts, as determined by the Calculation Agent in its discretion by commercially reasonable means, as shall have a value equal to the value of the property so replaced. If such Insolvency, Nationalization, Merger Event or Tender Offer involves a choice of consideration to be received by holders, such holder shall be deemed to have elected to receive the maximum possible amount of cash.

  • Early Termination Notice Date Any date as of which the aggregate Stated Principal Balance of the Mortgage Loans (including REO Mortgage Loans) is less than 1.0% of the sum of the aggregate Cut-Off Date Balance of the Mortgage Pool initially included in the Trust Fund.