Early Termination. The Issuer shall have the right to terminate the Securities if it shall have determined in its absolute discretion that its performance thereunder shall have become unlawful in whole or in part as a result of compliance in good faith by the Issuer with any applicable present or future law, rule, regulation, judgement, order or directive of any governmental, administrative, legislative or judicial authority or power (“Applicable Law”). In such circumstances the Issuer will, however, if and to the extent permitted by the Applicable Law, pay to each Holder in respect of each Security held by such Holder an amount calculated by it as the fair market value of the Security immediately prior to such termination (ignoring such illegality) less the cost to the Issuer of unwinding any related hedging arrangements. Payment will be made to the Holder in such manner as shall be notified to the Holder in accordance with General Condition 4.
Early Termination. (a) The Issuer shall have the right to terminate the Securities if it shall have determined in its absolute discretion that its performance thereunder shall have become unlawful in whole or in part as a result of compliance in good faith by the Issuer with any applicable present or future law, rule, regulation, judgement, order or directive of any governmental, administrative, legislative or judicial authority or power (“Applicable Law”). In such circumstances the Issuer will, however, if and to the extent permitted by the Applicable Law, pay to each Holder in respect of each Security held by such Holder an amount calculated by it as the fair market value of the Security immediately prior to such termination (ignoring such illegality) less the cost to the Issuer of unwinding any related hedging arrangements. Payment will be made to the Holder in such manner as shall be notified to the Holder in accordance with General Condition 4.
(b) The Issuer shall have the right to terminate the Securities if it shall have determined in its absolute discretion that payments made on the Securities are, in whole or in part, directly or indirectly contingent upon, or determined by reference to, the payment of a dividend from a U.S. entity and that these payments have or will become subject to U.S. withholding tax. In such circumstances the Issuer will, however, if and to the extent permitted by the Applicable Law, pay to each Holder in respect of each Security held by such Holder an amount calculated by it as the fair market value of the Security immediately prior to such termination less the cost to the Issuer of unwinding any related hedging arrangements and of paying any required U.S. withholding tax. Payment will be made to the Holder in such manner as shall be notified to the Holder in accordance with General Condition 4.
Early Termination. Without prejudice to any other remedy available to it, the Supplier will have the right to terminate in advance, with immediate effect, each sales contract concluded on the basis of these General Conditions with a communication to be sent by e-mail.
Early Termination. 6.1 The SELLER may terminate these general conditions of sale with immediate effects in the following cases:
a) if the BUYER does not fulfil the obligations relating to the payment of the PRODUCTS or the notification of the letter of credit referred to in art. 3;
b) if the BUYER is subjected to insolvency or liquidation procedures or if the financial status of the BUYER is such as to reasonably presume the BUYER's insolvency, it being specified that, in the event of the parties' bankruptcy, the provisions of art. 72 et seq. of the R.D. dated 16 March 1942 no. 267 (bankruptcy law) shall apply.
Early Termination. 8.1 Either party shall be entitled to immediately terminate these general conditions of sale, as well as any contract of sale of the PRODUCTS which has not been performed, should the other party be in material breach hereof.
8.2 In particular the SELLER shall be entitled to terminate this Agreement in the following cases:
a) in the event the BUYER breaches any provision under articles no. 4 and 6 above;
b) in the event the BUYER becomes subject to insolvency or bankruptcy proceeding or liquidation proceeding, or its financial conditions reasonably allow the SELLER to assume that the BUYER will become insolvent;
c) in the event the shares representative of the majority or the control of stock of capital of the BUYER are directly or indirectly sold, assigned, transferred or pledged or the like.
Early Termination. 9.1. Either party shall be entitled to immediately terminate these general conditions of sale, as well as any contract of sale of the products which has not been performed, should the other party be in material breach hereof.
Early Termination. This Agreement may be terminated early as follows:
a) by either Party with immediate effect:
i. upon or after the bankruptcy, insolvency, dissolution or winding up of the other Party; or
ii. upon or after the breach of any material provision of this Agreement by the other Party, if the breaching Party has not cured such breach within twenty (20) business days after written notice thereof by the non-breaching Party.
b) by ALSO with immediate effect if (i) Reseller is in default, on two successive payment dates, of payment of the fees or of a portion of the fees that is not insignificant, or (ii) in a period of time spanning more than two payment dates is in default of payment in an amount that is as much as the amount for two months or more.
c) by ALSO with three (3) months notice if a change of ownership or control in the Reseller occurs.