Grounds for cancellation Clause Samples

The "Grounds for cancellation" clause defines the specific circumstances under which a party may terminate or withdraw from an agreement. Typically, this clause outlines events such as breach of contract, failure to perform obligations, insolvency, or other material changes that justify ending the contract. By clearly listing acceptable reasons for cancellation, the clause provides both parties with a mutual understanding of their rights and the conditions that could lead to early termination, thereby reducing uncertainty and potential disputes.
Grounds for cancellation. The employer has the right to cancel an employment contract on the grounds referred to in Chapter 8, Section 1 of the Employment Contracts Act.
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Grounds for cancellation. 1. The Transaction Agreement shall automatically cease to be effective upon the occurrence of any of the following events: (1) If both of the Shareholder Parties agree in writing to terminate the Transaction Agreement; (2) Upon termination of the Business Integration Agreement; or (3) In the event the Transaction Agreement has been terminated pursuant to the immediately following Section. 2. The termination of the Transaction Agreement shall not affect any rights and obligations which have already accrued under the Transaction Agreement at the time of such termination or will arise after such termination on the grounds that occurred prior to such termination. 3. Notwithstanding the termination of the Transaction Agreement, this section and Sections 11 to 21 shall remain in full force and effect.
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Grounds for cancellation. The LESSOR may cancel or terminate this Lease Agreement, upon the happening of any of the following events: 2.1. The LESSEE fails to pay its monthly rent when the same falls due. 2.2. The LESSEE fails to remit LESSOR'S percentage participation in the sub-lease rentals, if any, when the same falls due. 2.3. The LESSEE uses the Leased Properties for purposes other than those specified herein, without prejudice to the options available to LESSOR under Section 1, Article IV hereof. 2.4. The LESSEE violates any of the other terms and conditions of this Lease Agreement or fails to get the necessary permits from the national and/or local government units / agencies.
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Grounds for cancellation. The LESSOR may cancel or terminate this Lease Agreement, upon the happening of any of the following events:2
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Grounds for cancellation. The employer may cancel an employment contract on the grounds referred to in chapter 8, section 1 of the Employment Contracts Act. The employer shall be entitled to consider an employment contract to be cancelled in accordance with chapter 8, section 3 of the Employment Contracts Act. The employer may lay off a senior salaried employee for a fixed period without observing a layoff notice period when there are grounds for terminating or cancelling the employment contract.
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Related to Grounds for cancellation

  • Purchase for Cancellation Subject to applicable law, meeting the solvency requirements under Bermuda law and to the provisions described in Section 6, the Partnership may at any time purchase for cancellation the whole or any part of the Series 7 Preferred Limited Partnership Units Outstanding from time to time, in the open market through or from an investment dealer or any firm holding membership on a recognized stock exchange, or by private agreement or otherwise, at the lowest price or prices at which, in the opinion of the General Partner, such units are obtainable.

  • Contract Cancellation DCF may cancel this Contract after providing the Contractor with thirty (30) calendar days written notice of the Contractor’s right to cure a failure of the Contractor to perform under the terms of this Contract. The following are examples of contractor failure that would warrant cancellation: • Breaches or defaults an obligation under the Contract as follows: • Fails to follow the sales and use tax certification requirements of s. 77.66 of the Wisconsin Statutes; • Incurs a delinquent Wisconsin tax liability; • Fails to submit a non-discrimination or affirmative action plan as required here in; • Fails to follow the non-discrimination or affirmative action requirements of subch. II, Chapter 111 of the Wisconsin Statutes (Wisconsin’s Fair Employment Law); • Becomes a Federally debarred Contractor; • Is excluded from Federal procurement and non-procurement contracts; • Fails to maintain and keep in force all required insurance, permits and licenses as provided in this Contract; • Fails to maintain the confidentiality of DCF’s information that is considered to be Confidential Information, proprietary, or containing Personally Identifiable Information; • Contractor violates other state laws; or • Contractor performance threatens the health or safety of a State employee or State customer. The Contractor may cancel this Contract after providing DCF one hundred and twenty (120) calendar days’ notice of the State’s right to cure a failure of the State to perform under the terms of this Contract. Upon cancellation of this Contract for any reason, or upon Contract expiration, each party shall be released from all obligations to the other party arising after the date of cancellation or expiration, except for those that by their terms survive such cancellation or expiration.

  • No Cancellation No Required Insurance policy may be canceled by either Party during the required insured period under this Agreement, except after thirty days’ prior written notice to the City by certified mail, return receipt requested. Prior to the effective date of any such cancellation Consultant must procure and put into effect equivalent coverage(s).

  • ORDER CANCELLATION Users of this contract are advised that orders (all or part) cancelled or returned after acceptance of requested merchandise will be subject to a restocking fee of ten percent (10%) of the invoice amount (not to exceed $500.00 per order) plus return freight charges. The amount authorized for payment of return freight will, in no instance, be more than original delivery charges documented by carrier. These charges may be applied, at the option of the supplier, to those orders which have been accepted. Orders cancelled prior to shipment or acceptance by ordering entity from the manufacturer will not be assessed charges.

  • RIGHTS ON CANCELLATION 21.1 If this Agreement or Purchase Order is cancelled in whole or in part in terms of clause 20 [Total or Partial Failure to Perform], Transnet may execute or complete this Agreement with any other entity and do so on such terms as it may deem proper, or may procure other comparable Goods/Services in substitution for those neglected to be manufactured or supplied or rejected as aforesaid, and may recover from the Supplier the difference between the cost of such Goods/Services and the Price [if the latter was lower] as well as any costs and expenses [including any additional transport costs] which Transnet may have had to incur in consequence of the Supplier’s/Service Provider’s default. 21.2 Any amount which may be recoverable from the Supplier/Service Provider in terms of clause 21.1 above, without prejudice to any other legal remedies available to Transnet, may be deducted in whole or in part from any monies in the hands of Transnet and due for payment to the Supplier/Service Provider.