Consequence of Termination Sample Clauses
The "Consequence of termination" clause defines what happens to the rights and obligations of the parties when a contract is ended before its natural expiration. Typically, this clause outlines which provisions survive termination, such as confidentiality or payment obligations, and details the process for returning property or information. Its core function is to ensure both parties understand their responsibilities and liabilities after termination, thereby reducing disputes and providing a clear roadmap for winding down the contractual relationship.
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Consequence of Termination. Irrespective of the reason for Termination, the Concessionaire shall transfer all movable and immovable assets to the Authority upon the Transfer Date.
Consequence of Termination. The full balance due under the Agreement together with any penalty, interest and all other charges and expenses owing to Mogo Auto shall become immediately due and payable to Mogo Auto and without giving notice to the Borrower or affecting any of Mogo Auto’s rights under the Agreement.
Consequence of Termination. 16.1. Termination of this Agreement, however caused, shall not:
16.1.1. release either Party from any duty or obligation of confidence which falls on it, its servants, agents, employees or former employees under this Agreement or under the general law governing confidential information;
16.1.2. prejudice or affect any rights, action or remedy which shall have accrued before termination or shall accrue thereafter to any Party.
Consequence of Termination. 4.1 Directions regarding location of Specified Equipment etc
Consequence of Termination. 27.1 Termination of this Agreement, or termination of the ICB’s exercise of any of the Delegated Functions, will not affect any rights or liabilities of the Parties that have accrued before the date of that termination or which later accrue.
27.2 Subject to clause 27.4, on or pending termination of this Agreement or termination of the ICB’s exercise of any of the Delegated Functions, NHS England, the ICB and if appropriate any successor delegate will:
27.2.1 agree a plan for the transition of the Delegated Functions from the ICB to the successor delegate, including details of the transition, the Parties’ responsibilities in relation to the transition, the Parties’ arrangements in respect of those staff engaged in the Delegated Functions and the date on which the successor delegate will take responsibility for the Delegated Functions;
27.2.2 implement and comply with their respective obligations under the plan for transition agreed in accordance with clause 27.2.1 above; and
27.2.3 act with a view to minimising any inconvenience or disruption to the commissioning of healthcare in the Area.
27.3 For a reasonable period before and after termination of this Agreement or termination of the ICB’s exercise of any of the Delegated Functions, the ICB must:
27.3.1 co-operate with NHS England and any successor delegate in order to ensure continuity and a smooth transfer of the Delegated Functions; and
27.3.2 at the reasonable request of NHS England:
(a) promptly provide all reasonable assistance and information to the extent necessary to effect an orderly assumption of the Delegated Functions by a successor delegate;
(b) deliver to NHS England all materials and documents used by the ICB in the exercise of any of the Delegated Functions; and
27.3.3 use all reasonable efforts to obtain the consent of third parties to the assignment, novation or termination of existing contracts between the ICB and any third party which relate to or are associated with the Delegated Functions.
27.4 Where any or all of the Delegated Functions or Reserved Functions are to be directly conferred on the ICB, the Parties will co-operate with a view to ensuring continuity and a smooth transfer to the ICB.
Consequence of Termination. If either party provides a notice to terminate this Agreement, this Agreement will remain in force until the date the termination takes effect. For the avoidable of doubt, if this Agreement is terminated (including by the Supplier during the cooling-off period set out in clause 1.2), this Agreement will continue to apply to milk supplied under this Agreement before the termination takes effect.
Consequence of Termination. Upon termination of this document:
(1) all future rights and obligations of the parties are discharged; and
(2) all pre-existing rights and obligations of the parties continue to subsist.
Consequence of Termination. On expiry or termination of this Agreement, PARTNER:
Consequence of Termination. 10.1 Any termination of the appointment of the Bondholders' Representative under this Agreement, except the termination under Clause 9(a), will not be effective until a successor is appointed. The Bondholders' Representative may assist the Company to nominate a successor bondholders' representative. Subject to the Conditions, if any of the bondholders' representatives nominated by the Bondholders' Representative has not been selected within 3 (three) months from the date of termination notice, it shall be deemed that the last bondholders' representative nominated by the Bondholders' Representative is appointed as the successor bondholders' representative and this Agreement shall terminate, at the expiry of such 3 (three) months' notice.
10.2 Upon termination of this Agreement or unless otherwise directed by the Company, the Bondholders' Representative will cease using information and documents provided by the Company and/or the Bondholders (the Documents) and return or destroy at the Company's direction all copies of the Documents. The Bondholders' Representative will delete all copies of the Documents residing in memory on any computer at the Bondholders' Representative's site. The Bondholders' Representative will, within 30 (thirty) days from the effective date of the termination, certify in writing that all copies of the Documents have been returned, deleted or destroyed as directed by the Company.
10.3 The provision of Clause 5 (Remuneration of the Bondholders' Representative), Clause 6 (Indemnification of Bondholders' Representative), Clause 10 (Consequence of Termination), Clause 11 (Claims and Liabilities), Clause 12 (Notices), Clause 13 (Others) and Clause 14 (Governing Law) shall survive such expiration or termination and remain in full force and effect. If this Agreement expires or terminates pursuant to this Agreement, this Agreement shall be of no further effect and no party shall be under any liability to any other in respect of this Agreement except for (i) any liability arising before or in relation to such expiration or termination of this Agreement and (ii) the liability of a party under the provisions which shall survive the termination of this Agreement.
Consequence of Termination. If terminated under Section 5.1, the Licensee forfeits any License Fee paid to the University.