Actions on Termination Sample Clauses
The "Actions on Termination" clause defines the specific steps and obligations that parties must fulfill when a contract ends, whether by expiration or early termination. Typically, this clause outlines requirements such as returning confidential information, ceasing use of intellectual property, settling outstanding payments, or transferring certain assets. Its core practical function is to ensure an orderly and predictable conclusion to the contractual relationship, minimizing disputes and clarifying each party’s responsibilities at the end of the agreement.
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Actions on Termination. Upon termination of this Contract, Supplier shall: (a) take actions reasonably necessary to protect property in Supplier’s possession in which Buyer has an interest until disposal instruction from Buyer has been received; and (b) return Buyer’s Confidential Information to Buyer (and destroy or delete all copies thereof).
Actions on Termination. (a) On the Termination Date, the Loan Parties shall pay the Administrative Agent (whether or not then due), in immediately available funds, all then Liabilities including, without limitation: the following:
(i) The entire balance of the Loan Account (including the unpaid principal balance of the Revolving Credit Loans, SwingLine Loan and the Tranche B Loan).
(ii) Any then remaining unpaid installments of the Revolving Credit Commitment Fee.
(iii) Any then remaining unpaid installments of the Administrative Agent’s Monitoring Fee.
(iv) Any payments due on account of the indemnification obligations included in Section 2.11(e).
(v) Any accrued and unpaid Unused Line Fee.
(vi) Any applicable Revolving Credit Early Termination Fee.
(vii) All accrued and unpaid interest on the Tranche B Loan.
(viii) Any then remaining unpaid installments of the Tranche B Commitment Fee.
(ix) All unreimbursed costs and expenses of each Agent and of Lenders’ Special Counsel for which each Loan Party is responsible.
(b) On the Termination Date, the Loan Parties shall also shall make such arrangements concerning any L/C’s then outstanding as are reasonably satisfactory to the Administrative Agent (such as their being cash collateralized at 103 % of their then Stated Amount).
(c) Until such payment (Section 19.2(a)) and arrangements concerning L/C’s (Section 19.2(b)), all provisions of this Agreement, other than those included in Article 2 which place any obligation on the Administrative Agent or any Revolving Credit Lender to make any loans or advances or to provide any financial accommodations to any Borrower and those included in Article 3 which place any obligation on the Tranche B Lender to make any loan or advance or to provide any financial accommodation to any Borrower, shall remain in full force and effect until all Liabilities shall have been paid in full.
(d) The release by the Collateral Agent of the Collateral Interests granted the Collateral Agent by the Loan Parties hereunder may be upon such conditions and indemnifications as the Administrative Agent reasonably may require.
Actions on Termination. (a) On the Termination Date, the Borrower shall pay the Agent (whether or not then due), in immediately available funds, all then Liabilities including, without limitation: the following:
(i) The entire balance of the Loan Account (including the unpaid principal balance of the Revolving Credit Loans, and the SwingLine Loan ) and the Term Loan.
(ii) Any then remaining installments of the Upfront Fee.
(iii) Any then remaining installments of the Agent’s Fee.
(iv) Any payments due on account of the indemnification obligations included in Section 2.10(e).
(v) Any accrued and unpaid Unused Line Fee.
(vi) Any applicable Revolving Credit Early Termination Fee or Term Loan Early Termination Fee.
(vii) All unreimbursed costs and expenses of the Agent and of Lenders’ Special Counsel for which the Borrower is responsible.
(b) On the Termination Date, the Borrower shall also make such arrangements concerning any L/Cs then outstanding as are reasonably satisfactory to the Agent.
(c) Until such payment (Section 18.2(a)) and arrangements concerning L/Cs (Section 18.2(b)), all provisions of this Agreement, other than those included in Article 2 which place any obligation on the Agent or any Lender to make any loans or advances or to provide any financial accommodations to the Borrower shall remain in full force and effect until all Liabilities shall have been paid in full.
(d) The release by the Agent of the Collateral Interests granted the Agent by the Borrower hereunder may be upon such conditions and indemnifications as the Agent may require.
Actions on Termination. I further agree that, immediately upon the termination of my employment with or engagement as a consultant to Axesstel for any reason, or at any other time requested by Axesstel, I will return all Company Documents, apparatus, equipment, and other physical property, or any reproduction of such property, excepting only (i) my personal copies of records relating to my compensation; (ii) my personal copies of any materials previously distributed generally to the public; and (iii) my copy of this Agreement, and will agree to sign and deliver a Termination Certificate in the form attached hereto as Exhibit 1.
Actions on Termination. (a) On termination of this Agreement, you must:
(i) pay all Charges incurred by you under this Agreement up to the time of termination which will become immediately due and owing upon termination;
(ii) pay all outstanding amounts for any Equipment which you have not fully paid for as at the date of termination;
(iii) pay the applicable Early Termination Fee (if any) to us.
(b) If there is credit remaining on your account at the time of termination, we will, at our option, deduct the credit from any amount you owe us under paragraph (a) or pay you the credit or if the credit exceeds any amount you owe us, we will refund you the difference by cheque or electronic funds transfer.
Actions on Termination. (a) On the Termination Date, the Borrowers shall pay the Administrative Agent (whether or not then due), in immediately available funds, all Liabilities including, without limitation: the following:
Actions on Termination. On the Termination Date, the Borrowers shall pay the Administrative Agent (whether or not then due), in immediately available funds, all then Liabilities including, without limitation: the following:
Actions on Termination. Upon expiration or termination of this Agreement for any reason, the following shall occur:
Actions on Termination. (a) On the Termination Date, the Loan Parties shall pay the Administrative Agent (whether or not then due), in immediately available funds, all then Liabilities including, without limitation: the following:
(i) The entire balance of the Loan Account (including the unpaid principal balance of the Loans and SwingLine Loan).
(ii) Any then remaining unpaid installments of the Commitment Fees.
(iii) Any then remaining unpaid installments of the Administrative Agent’s Fee.
(iv) Any payments due on account of the indemnification obligations included in Section 2.13(e).
(v) Any accrued and unpaid Unused Line Fee.
(vi) All unreimbursed costs and expenses of each Agent and of Lenders’ Special Counsel for which each Loan Party is responsible.
(b) On the Termination Date, the Loan Parties shall also shall make such arrangements concerning any L/C’s then outstanding as are reasonably satisfactory to the Administrative Agent (such as their being cash collateralized at 103 % of their then Stated Amount).
Actions on Termination. On the Termination Date, the Borrowers shall pay the Administrative Agent (whether or not then due), in immediately available funds, all then Liabilities including, without limitation: the entire balance of the Loan Account (including the unpaid principal balance of the Revolving Credit Loans); any then remaining installments of the Revolving Credit Commitment Fee; any payments due on account of the indemnification obligations included in Section 2.10(e); any accrued and unpaid Unused Line Fee; and all unreimbursed costs and expenses of Agent for which the Borrowers are responsible; and shall make such arrangements concerning any L/C’s then outstanding are reasonably satisfactory to the Administrative Agent. Until such payment, all provisions of this Agreement, other than those contained in Article II which place an obligation on the Agent to make any loans or advances or to provide financial accommodations under the Revolving Credit or otherwise, shall remain in full force and effect until all Liabilities shall have been paid in full. The release by the Collateral Agent of the Collateral Interests granted the Agent by the Obligors hereunder may be upon such conditions and indemnifications as the Collateral Agent may require.