Cancellation Without Fault of the Incubatee Sample Clauses

The "Cancellation Without Fault of the Incubatee" clause allows either party to terminate the incubation agreement without the incubatee being at fault. Typically, this clause outlines the process for providing notice of cancellation, any required advance warning period, and the obligations of both parties upon termination, such as the return of property or settlement of outstanding fees. Its core function is to provide a clear and fair mechanism for ending the relationship when circumstances change, without penalizing the incubatee for issues beyond their control.
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Cancellation Without Fault of the Incubatee. 16.2.1 In the event of cancellation of this Contract by CzechInvest without any fault of the Incubatee, the Incubatee shall, on receipt of CzechInvest’s instructions for cancellation of this Contract, immediately take the necessary steps to implement the instructions. The period by which the Incubatee must implement such instructions shall be determined by CzechInvest after consultation with the Incubatee. 16.2.2 CzechInvest shall indemnify the Incubatee against such part of any loss of profit as is reasonably attributable to the cancellation of this Contract and against any damages resulting from the cancellation of this Contract, in particular against any commitments, liabilities or expenditure which are reasonably and properly incurred by the Incubatee and are directly related to this Contract, in so far as the said commitments, liabilities or expenditure would otherwise represent an unavoidable loss by the Incubatee by reason of the cancellation of this Contract. 16.2.3 The amount of compensation payable under Article 16.2.2 shall be fixed on the basis of documentary evidence produced by the Incubatee and accepted by CzechInvest. In calculating the amount of compensation payable to the Incubatee, CzechInvest shall take account of the proportion of this Contract completed and shall take into account the provisions of Article 16.2.4. 16.2.4 CzechInvest shall in no circumstances be liable to pay any sum which, when added to the other sums paid, due or becoming due to the Incubatee under this Contract by CzechInvest, exceeds the total contractual payments due by CzechInvest to the Incubatee, as set out in Article 7.1.
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Cancellation Without Fault of the Incubatee. 16.2.1 In the event of cancellation of this Contract by SIL without any fault of the Incubatee, the Incubatee shall on receipt of SIL’s instructions for cancellation of this Contract, immediately take the necessary steps to implement the instructions. The period by which the Incubatee must implement such instructions shall be determined by SIL after consultation with the Incubatee.
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Cancellation Without Fault of the Incubatee. 16.2.1 In the event of cancellation of this Contract by ESA BIC Austria without any fault of the Incubatee, the Incubatee shall on receipt of ESA BIC Austria’s instructions for cancellation of this Contract, immediately take the necessary steps to implement the instructions. The period by which the Incubatee must implement such instructions shall be determined by ESA BIC Austria after consultation with the Incubatee. 16.2.2 ESA BIC Austria shall indemnify the Incubatee against such part of any loss of profit as is reasonably attributable to the cancellation of this Contract and against any damages resulting from the cancellation of this Contract in particular against any commitments, liabilities or expenditure which are reasonably and properly incurred by the Incubatee and are directly related to this Contract, in so far as the said commitments, liabilities or expenditure would otherwise represent an unavoidable loss by the Incubatee by reason of the cancellation of this Contract. 16.2.3 The amount of compensation payable under Article 16.2.2 shall be fixed on the basis of documentary evidence produced by the Incubatee and accepted by ESA BIC Austria. In calculating the amount of compensation payable to the Incubatee ESA BIC Austria shall take account of the proportion of this Contract completed and shall take into account the provisions of Article 16.2.4. 16.2.4 ESA BIC Austria shall in no circumstances be liable to pay any sum which deviates from the provisions set out in Article 7.1 and Article 4 herein or when added to the other sums paid, due or becoming due to the Incubatee under this Contract by ESA BIC Austria, exceeds the total contractual payments due by ESA BIC Austria to the Incubatee, as set out in Article 7.1.
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Cancellation Without Fault of the Incubatee. 16.2.1 In the event of cancellation of this Contract by UoL, such as termination of the Prime Contract or the Subcontract between SIL and UoL, without any fault of the Incubatee, the Incubatee shall on receipt of UoL’s instructions for cancellation of this Contract, immediately take the necessary steps to implement the instructions. The period by which the Incubatee must implement such instructions shall be determined by UoL after consultation with the Incubatee.
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Cancellation Without Fault of the Incubatee. 17.2.1 In the event of cancellation of this Contract by cesah without any fault of the Incubatee, the Incubatee shall on receipt of cesah’s instructions for cancellation of this Contract, immediately take the necessary steps to implement the instructions. The period by which the Incubatee must implement such instructions shall be determined by cesah after consultation with the Incubatee. 17.2.2 cesah shall indemnify the Incubatee against such part of any loss of profit as is reasonably attributable to the cancellation of this Contract and against any damages resulting from the cancellation of this Contract in particular against any commitments, liabilities or expenditure which are reasonably and properly incurred by the Incubatee and are directly related to this Contract, in so far as the said commitments, liabilities or expenditure would otherwise represent an unavoidable loss by the Incubatee by reason of the cancellation of this Contract. 17.2.3 The amount of compensation payable under Article 17.2.2 shall be fixed on the basis of documentary evidence produced by the Incubatee and accepted by cesah. In calculating the amount of compensation payable to the Incubatee cesah shall take account of the proportion of this Contract completed and shall take into account the provisions of Article 17.2.4. 17.2.4 cesah shall in no circumstances be liable to pay any sum which deviates from the provisions set out in Article 8.1 and Article 5 herein or when added to the other sums paid, due or becoming due to the Incubatee under this Contract by cesah, exceeds the total contractual payments due by cesah to the Incubatee, as set out in Article 8.1.
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Related to Cancellation Without Fault of the Incubatee

  • Termination without Notice The Employer may terminate an Employee’s employment without notice if the Employee engages in serious misconduct.

  • Termination Without Default (a) In the event that the Closing of the transactions contemplated hereunder has not occurred by the Outside Closing Date, Purchaser, Seller and the Company shall each have the right, at its sole option, to terminate this Agreement without liability to the other party, provided that this right to terminate shall not be available to any party whose material breach under this Agreement has been the cause of, or resulted in, the failure of the Closing to have been consummated on or before such date. Such right may be exercised by Purchaser or the Company, as the case may be, giving written notice to the other at any time after the Outside Closing Date. (b) In the event that the Proxy Statement with respect to the transactions hereunder has not been filed with the SEC by December 31, 2018 (the “Outside Filing Date”), each of Seller and the Company shall have the right, at its sole option, to terminate this Agreement without liability to any other party, provided that this right to terminate shall not be available to any party whose material breach under this Agreement has been the cause of, or resulted in, the failure of the Proxy Statement to have been filed on or before such date. Such right may be exercised by Seller or the Company, as the case may be, giving written notice to the other parties at any time after the Outside Filing Date. (c) In the event that any governmental Authority shall have issued an Order or taken any other action, in each case which has become final and non-appealable and which restrains, enjoins or otherwise prohibits the Closing of the transactions contemplated hereunder, Purchaser, Seller and the Company shall each have the right, at its sole option, to terminate this Agreement without liability to the other party.

  • LIABILITY FOR FAILURE TO COMPLETE TRANSACTIONS If We do not

  • Liability for Failure to Make Transfers If we do not complete a transfer to or from your account on time or in the correct amount according to our agreement with you, we will be liable for your losses or damages. However, there are some exceptions. We will not be liable, for instance:

  • Leave Without Pay An employee shall not be entitled to payment for a public holiday falling during a period of leave without pay (including sick leave and military leave without pay) unless the employee has worked during the fortnight ending on the day on which the holiday is observed.