General Right of Termination Clause Samples

General Right of Termination. Either party may terminate participation in this Agreement: 7.1.1 in the event of a breach of any of the terms, conditions, covenants, representations or warranties contained in this Agreement, following written notice to the other party stating the grounds for such termination, unless the breaching party cures the asserted breach to the reasonable satisfaction of the party giving such notice within thirty (30) days of the date of notice; 7.1.2 immediately by giving the other party written notice if the other party commits a breach of any of the provisions of this Agreement which breach is incapable of cure; or 7.1.3 by giving the other party hereto at least 180 days written notice prior to the expiration of the initial term or any renewal term of its intent to terminate this Agreement at the end of such term.
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General Right of Termination. Commencing twenty-four (24) months after Delivery (but not before), Lessee shall have the right to terminate this Agreement, in its sole and absolute discretion and with or without cause, by providing written notice of such intent to terminate (pursuant to the notice requirements of Section 20.11 hereof) to Lessor at least 180 days prior to the specified termination date (the “Discretionary Termination Effective Date”). As conditions precedent to the effectiveness of a Termination under this Section 20.15(a): (i) Lessee shall make a lump sum payment to Lessor in an amount equal to what would have been owing by Lessee in Basic Rent payments over the next six (6) months after the Discretionary Termination Effective Date; and
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General Right of Termination. A Party not in default under the Agreement (the non-defaulting Party) may terminate this Agreement by giving the other Party a notice of termination if: (1) the other Party fails to discharge an obligation that the Agreement imposes on it, within the time the Agreement provides for discharging the obligation; or (2) the other Party commits an Act of Insolvency; or (3) the non-defaulting Party gives a notice of breach to the other Party (the defaulting Party) for failure to discharge an obligation that is capable of being remedied, which notice details the breach and requires the defaulting Party to remedy the breach no later than 7 Business Days after the giving of the notice, and the defaulting Party fails to remedy the breach to the satisfaction of the non-defaulting Party (acting reasonably) within the required time.
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General Right of Termination. Lessee will have a one-time only right to terminate this Agreement, in its sole and absolute discretion and with or without cause, on the date [*] months after the Delivery Date (the “Discretionary Termination Effective Date”). Lessee may exercise this right by providing written notice of such intent to terminate (pursuant to the notice requirements of Section 20.7 hereof) to Lessor at least [*] days prior to the Discretionary Termination Effective Date, except that if Lessee does not provide such notice at least [*] days prior to the Discretionary Termination Effective Date, the resulting Termination will not become effective until [*] days after the date of such notice. As conditions precedent to the effectiveness of a Termination under this Section 20.11.1: (a) Lessee will make a lump sum payment to Lessor in an amount equal to the Early Termination Fee; and (b) Lessee will Return the Aircraft to Lessor in accordance with Sections 17 and 18 of this Agreement and the Return Condition Requirements. The Parties will execute and file any and all documentation required by the Aviation Authority to effect such Termination.
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Related to General Right of Termination

  • Right of Termination This Agreement and the transactions contemplated hereby may be completely terminated at any time at or prior to the Closing: (a) by mutual written consent of the Parties; (b) by either Seller or Buyer if the Closing shall not have occurred on or before October 31, 2013; provided, however, that (i) no Party shall have the right to terminate this Agreement pursuant to this clause (b) if such Party is at such time in material breach of its representations and warranties set forth in this Agreement or negligently or willfully failed to perform or observe its covenants and agreements herein in any material respect and (ii) such date shall be postponed to the extent necessary to resolve all disputes being arbitrated pursuant to Section 8.8 under this Agreement or under any of the Cinco Purchase Agreements; (c) by either Seller or Buyer if any Governmental Authority shall have issued an order, judgment or decree or taken any other action challenging, delaying, restraining, enjoining, prohibiting or invalidating the consummation of any of the transactions contemplated herein; or (d) If the sum of (i) the Aggregate Title Defect Value (which shall include any unresolved disputed Title Defects and any unCured Title Defects, whether or not Seller has elected to attempt to Cure), plus (ii) the Aggregate Environmental Defect Value (which shall include any unresolved disputed Environmental Defects and any unRemediated Environmental Defects, whether or not Seller has elected to attempt to Remediate), plus (iii) the aggregate costs to repair or restore any portion of the Assets subject to a Casualty Loss (or condemnation or eminent domain, the Allocated Value of such Assets) and any other Damages related thereto, exceeds 15% of the unadjusted Purchase Price, then either Seller or Buyer may terminate this Agreement upon written notice to the other parties hereto; provided, however, that Buyer may not terminate pursuant to this Section 12.1(d) until such time as Seller shall have had a reasonable opportunity to Cure any Title Defect or Remediate any Environmental Defect.

  • Waiver of Termination Rights The Employee waives any and all rights to compensation or damages as a result of a Termination, insofar as those rights result or may result from: (a) the loss or diminution in value of such rights or entitlements under the Program; or (b) the Employee ceasing to have rights, or ceasing to be entitled to any Awards under the Program as a result of such Termination.

  • 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.

  • Rights of Termination 10.1 The Company may in its sole discretion terminate this agreement by written notice to the Customer if: (a) The Customer defaults in performing its obligations under this agreement and the default, if capable of being remedied, is not remedied within seven (7) days from receiving a notice specifying the default and requiring remedy; or (b) The Customer defaults in the performance of its obligations under this agreement and the default is in the Company’s reasonable opinion incapable of being remedied; or (c) The Customer commits an act of insolvency including a compromise with creditors or appoints a voluntary administrator; or if a receiver is appointed in respect of the assets of the Customer; or if an arrangement with the Customer’s creditors is made or likely to be made; or if the Customer ceases or threatens to cease carrying on business; or if the ownership or effective control of the Customer is transferred or the nature of the Customer’s business is materially altered, or the Customer is adjudicated bankrupt. 10.2 Termination of this agreement will not prejudice or affect the rights, remedies and claims and/or any liabilities of the Company. The Company shall have no liability or responsibility whatsoever to the Customer for any loss or damage of any kind which may result directly or indirectly from such termination of this agreement.

  • Survival of Termination The provisions of Sections 1.7, 1.8, 1.9, 1.10, 1.19, 1.20, 3.1, 3.2, 6.4, 6.5, 6.6, 6.7, 6.10 and 6.15 shall survive any termination of this Agreement.