Effect of Just Cause Event Clause Samples

Effect of Just Cause Event. Irrespective of whether Co-Managing Member elects to replace JV Member as Managing Member, JV Member shall be responsible for all claims, damages, losses, costs and expenses (“Claims”) incurred by the Company as a result of the occurrence of (i) a Just Cause Event or (ii) an act of gross negligence or willful misconduct described in Section 2.06(b)(ii) even if such act does not constitute a Just Cause Event (i.e., such act does not have a material adverse effect), and shall reimburse the Company for such Claims within ten (10) days of the Company’s written request therefor, which request shall reasonably substantiate the Claims incurred. The Savanna Credit Party (defined below) shall guaranty JV Member’s payment of the Claims under this Section 2.06(e).
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Effect of Just Cause Event. Irrespective of whether Co-Managing Member elects to replace JV Member as Managing Member, JV Member shall be responsible for all claims, damages, losses, costs and expenses (“Claims”) incurred by the Company as a result of the occurrence of (i) a Just Cause Event or (ii) an act of gross negligence or willful misconduct described in Section 2.06(b)
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Related to Effect of Just Cause Event

  • Effect of Termination for Cause In the event the Executive’s employment shall be terminated for Cause pursuant to Section 5.1 hereof, the Company shall pay the Executive his salary through the date of termination.

  • 6Effect of Termination Upon any expiration of the Term or termination of this Agreement, the obligations and rights of the parties hereto shall cease, provided that such expiration or termination of this Agreement shall not relieve the parties of any obligation or breach of this Agreement accruing prior to such expiration or termination, including, without limitation, all accrued payment obligations arising under Article 6. In addition, Article 5, Article 7, Section 2.12, Section 4.5, and this Section 4.6 shall survive the expiration or termination of this Agreement. For the avoidance of doubt, the rights of Registry Operator to operate the registry for the TLD shall immediately cease upon any expiration of the Term or termination of this Agreement.

  • Effect of Termination Upon any expiration of the Term or termination of this Agreement, the obligations and rights of the parties hereto shall cease, provided that such expiration or termination of this Agreement shall not relieve the parties of any obligation or breach of this Agreement accruing prior to such expiration or termination, including, without limitation, all accrued payment obligations arising under Article 6. In addition, Article 5, Article 7, Section 2.12, Section 4.5, and this Section 4.6 shall survive the expiration or termination of this Agreement. For the avoidance of doubt, the rights of Registry Operator to operate the registry for the TLD shall immediately cease upon any expiration of the Term or termination of this Agreement.

  • Termination and Effect of Termination This Agreement shall terminate upon the date on which no Holder holds any Registrable Securities, except for the provisions of Sections 3.9 and 3.10, which shall survive any such termination. No termination under this Agreement shall relieve any Person of liability for breach or Registration Expenses incurred prior to termination. In the event this Agreement is terminated, each Person entitled to indemnification rights pursuant to Section 3.9 hereof shall retain such indemnification rights with respect to any matter that (i) may be an indemnified liability thereunder and (ii) occurred prior to such termination.

  • Termination Effect of Termination 83 21.1. Termination................................................83 21.2. Effect of Termination......................................84