Termination Upon Sale definition
Examples of Termination Upon Sale in a sentence
The foregoing shall not apply to the extent that this Agreement is otherwise cancelled or terminated in accordance with Section 2.6 (Termination Upon Default) or Section 2.7 (Termination Upon Sale).
III-1 2.4 Termination Upon Sale ............................................
The foregoing shall not apply to the extent that this Agreement is otherwise cancelled or terminated in accordance with the Termination Upon Default or Termination Upon Sale Sections below.
Upon any other voluntary termination by the Employee, except a Termination Upon Sale or Change in Control of UVEW, all unvested stock options and all other benefits, including severance pay, which might otherwise accrue to the Employee upon termination of this Agreement shall immediately terminate and be of no further force or effect.
For the purposes of Termination Upon Sale, the date specified in the notice will be the Termination Date.
In connection with the "Termination Upon Sale" provisions contained in each Management Agreement, Operating Partnership agrees to provide the services contracted for in connection with the business booked for the applicable Hotel to, and including, the date of termination of such Management Agreement.
Notwithstanding the foregoing, the Termination Upon Completion of Development and/or Termination Upon Sale to Public shall not have any effect on the obligations of the Town or Developer with respect to the Water System Conveyance and Reimbursement Agreement, Wastewater System Conveyance and Reimbursement Agreement, any other Reimbursement Agreement or obligations of the Town to reimburse any fee or costs to Developer in accordance with this Agreement.
The foregoing shall not apply to the extent that this Agreement is otherwise cancelled or terminated in accordance with Section 7.7 (Termination Upon Default) or Section 7.8 (Termination Upon Sale).