ANTICIPATED TERMINATION Sample Clauses
The Anticipated Termination clause defines the conditions under which a contract may be ended before its originally agreed-upon completion date. Typically, this clause outlines specific events or circumstances—such as breach of contract, insolvency, or mutual agreement—that would justify early termination, and may detail the notice requirements or financial consequences involved. Its core practical function is to provide both parties with a clear framework for ending their contractual relationship prematurely, thereby managing risk and reducing uncertainty in the event that continuing the contract becomes impractical or undesirable.
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ANTICIPATED TERMINATION. In accordance with Article 54 BIS of the LAASSP and 102 of the Regulations, “THE SECRETARIAT” shall be authorized to make an anticipated termination of the contract at any time, which it may if it is in its interest and functions or when for justified cause the services originally contracted for are no longer required, a damage or prejudice to the State occurs or the circumstances which gave rise to the contract are totally or partially nullified, to resolve an inconformity issued by the Secretariat of Public Sector Services or to thereby satisfy its interests and functions, in which case it will be notified in writing to “THE PROVIDER” with 5 (five) days notice. Based on articles 53 ofthe "LAASSP", 95 and 96 of the Regulations of the "LAASSP", if "THE PROVIDER" incurred ▇▇▇▇ ▇▇▇▇▇ in the terms established for the provision ofthe service object of this contract, the following shall apply: In case “THE PROVIDER” delays in the schedule of the work scope of this Agreement, there will be a penalty in the amount of 1 % (one percent) per calendar day of delay. If there is a determination that services are not being provided in a timely manner, which shall be determined based on the services not timely provided, penalties should not exceed the amount ofthe contract guarantee, nor exceed 10 (ten) calendar days, (established in Section II, Article 48 of the LAASSP) once these have occurred. “THE SECRETARIAT” may initiate a procedure to administratively rescind the contract, which will make effective compliance with the guarantee. Also, 'THE PROVIDER" will be bound to "THE SECRETARIAT" to answer for defects or hidden defects in the quality of services, and any other liability incurred under the terms stated in Article 53 of the "LAASSP.” In case of penalties, the General Directorate for North America will determine the application ofconventional penalties ofthe breach of obligations and will notify the General Directorate of Material Resources and General Services of the amount of said penalties for non-compliance so that, through The Contracts Directorate will notify "THE PROVIDER" ofthe conventional penalties and, where applicable, proceed to initiate the procedure for the termination of this contract, in which the guarantee ofcompliance thereof will be effective. Payment ofpenalties must be made through the payment methods established by the Internet portal ▇▇▇.▇▇▇▇▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇.▇▇.
ANTICIPATED TERMINATION. This Memorandum may be terminated when any of the PARTIES communicates it by written notice to the counterparty, with ninety (90) calendar days in advance. The termination of this Memorandum will not affect the normal development of the projects and activities that have been agreed before the proposed completion date.
ANTICIPATED TERMINATION. SPI Software reserves the right to unilaterally terminate this contract, subject to a 60-day notice period in the following cases: - non-payment of installments; - disclosure to third parties of components of the software; - failure to comply with one of the conditions set out in the contract;
ANTICIPATED TERMINATION. In accordance with Article 54 BIS of the LAASSP and 102 of the Regulations, THE SECRETARIAT shall be authorized to make an anticipated termination ofthe contract any time, which it may if it is in its interest and functions or when for justified cause the services originally contracted for are no longer required, a damage or prejudice to the State occurs or the circumstances which gave rise to the contract are totally or partially nullified, to resolve an inconformity issued by the Secretariat of Public Sector Services or to thereby satisfy its interests and functions. In these circumstances, THE SECRETARIAT will reimburse THE PROVIDER the irrecoverable expenses it has incurred, to the extent they are reasonable, are duly evidenced and relate directly to the contract, in which case it will be notified in writing to THE PROVIDER with 5 (five) days’ notice.
ANTICIPATED TERMINATION. From the lessor:
a) In case of non-payment of rent
b) When the tenant violates the duty of care and consideration towards the neighbors and / or non-compliance with the rules of SmallVille.
a) When the description of the premises no longer corresponds to that of art. 1 Penalty grid in the event of early termination: In case of non showing during the move-in appointment, the sum paid for the reservation will be lost in its entirety.
ANTICIPATED TERMINATION. This Agreement may be terminated when either of THE PARTIES, notify by written notice to the other party, upon ninety (90) calendar days in advance. Termination of this Agreement shall not affect the normal development of the projects and activities that had been arranged before the proposed termination date.
ANTICIPATED TERMINATION. Lessor shall have the right, at its sole discretion, to terminate this Agreement at any time [***] (such termination date, the “Anticipated Termination Date”) prior to the Term (an “Anticipated Termination”) by providing notice to Lessee, subject to the following:
(a) The purpose of this subsection is to address the link that exists between this Agreement and the accounts receivable which stem from the provision of AGN services and to compensate Lessee for lost revenue in the event the Lessor effects an Anticipated Termination of this Agreement before [***] and ensure that Lessor does not receive the benefit of accounts receivable for a particular month if the Anticipated Termination Date occurs at any time prior to [***]. To this effect, subject to Section 1.5(c) hereof, Lessor shall pay to Lessee the product of (i) US$[***] plus the amount dictated by Mexican Value Added Tax and (ii) the number of months in 2011 for which Lessee has not issued monthly bills to its AGN customer (the “Bills”) (so, for example, if the Bills for December 2011 are sent on December 5, 2011 and the Anticipated Termination Date occurs on December 6, 2011, this subsection (a) would not apply, but if the bills for December 2011 were sent on December 5, 2011 and the Anticipated Termination Date occurs on December 1, 2011, Lessee shall be entitled to a payment of US$[***]). In the event the Anticipated Termination Date occurs before December 31, 2011 but on the same day that Lessee is issuing the Bills, then the Anticipated Termination shall be deemed to have occurred before the Bills are issued such that the Lessee is owed US$[***] and the Bills (and associated accounts receivable) are for Lessor’s benefit.
(b) The purpose of this subsection (b) is to compensate Lessor for lost revenue in the event the Lessor effects an Anticipated Termination after [***] or this Agreement continues until the expiration of its Term on December 31, 2012. If the Anticipated Termination Date occurs after [***] (or if there is no termination of this Agreement before the expiration of the Term on December 31, 2012), Lessor shall be entitled to receive from Lessee an amount, in accordance with Section 1.5(c), equal to the product of (i) US$[***] plus the corresponding amount dictated by the Mexican Value Added Tax Law and (ii) the number of months in 2012 for which Lessee has issued monthly Bills to its customers prior to such Anticipated Termination or Expiration. Notwithstanding the foregoing, if Lesse...
ANTICIPATED TERMINATION. This Contract shall terminate in advance, in the following cases:
1. Taken by agreement between the MANAGING PARTNER and the PARTNER.
2. The inability to continue to make the object of the Joint Venture.
ANTICIPATED TERMINATION. Based on Article 54 Bis of the" LAASSP" and 102 of its Regulations," LA SECRETARIAT "may terminate this contract in advance, when there are reasons of general interest, or when for justified reasons the need to request the services originally contracted is extinguished, or the total or partial nullity of the acts that gave origin is determined to the contract, on the occasion of the resolution of a disagreement issued by the Secretariat of Public Function or to agree to its interests and functions. In these cases " LA SECRETARIAT "will reimburse" EL PROVIDER "the non- recoverable expenses incurred, provided they are reasonable, are duly verified and directly related to this contract, in which case it will notify in writing to" EL PROVIDER "with 5 (five) calendar days in advance.
ANTICIPATED TERMINATION. THE PARTIES" may termínate this Framework U, Collaboration Agreement in advance when there are justified causes, by writing a not1ce to th� other party, which must be made 60 business days in advance of the date on which it is intended to termínate tbe present instrument, signing in agreement "THE PARTIES" for its termination. In this case, the work that has been initiated on the occasion of Specifíc Agreements must be concluded, adopting the necessary measures to avoid damages to "THE PARTIES", as well as to third parties. Agreement: INAOE-2022-CMCI-N/19 ELEVENTH. FORTUITOUS EVENT OR FORCE MAJEURE. "THE PARTIES" shall not be liable for damages that may be caused by force majeure or fortuitous events, which prevent compliance with the purpose ofthis Framework Collaboration Agreement. Once these events have been overcome, the activities in the form and terms determined by the "THE PARTIES" will be restarted.