Grounds for Immediate Termination Sample Clauses

Grounds for Immediate Termination. Either Party may terminate this Agreement immediately without liability for said termination, upon written notice to the other Party, if any one or more of the following events occur: (a) a voluntary or involuntary petition for bankruptcy is filed for, or with respect to the other Party; (b) the other Party is adjudged bankrupt; (c) a court assumes jurisdiction of the other Party’s assets under a federal reorganization act; (d) a trustee or receiver is appointed by a court to control the other Party’s assets; (e) the other Party becomes insolvent or suspends business for any reason; and (f) the other Party makes an assignment of its assets for the benefit of its creditors, except as required in the ordinary course of business.

Grounds for Immediate Termination. WCH will have the absolute right and privilege, unless prohibited by applicable law, to immediately terminate this Agreement if: (A) the FRANCHISEE or any of its partners, directors, officers or majority stockholders is convicted of, or pleads guilty or no contest to, a charge of violating any law relating to the FRANCHISEE'S We Care Hair Businesses, or any felony; (B) the FRANCHISEE voluntarily or otherwise abandons, as defined herein, the Franchised Area; or (C) the FRANCHISEE is involved in any act or conduct which materially impairs the goodwill associated with WCH'S Marks or Business System, and the FRANCHISEE fails to correct such act or conduct within twenty-four (24) hours of receipt of written notice from WCH.

Grounds for Immediate Termination. Engaging in the following conduct shall be grounds for immediate termination, although the Employer, in its discretion, may choose to impose different discipline, including referral to the MAP/EAP. • Using, possessing, manufacturing, distributing or selling illegal drugs on all properties which the Company owns, leases or is under contract to use, on Company business, in Company- supplied vehicles or vehicles being used for Company business or during working hours; • Possessing and/or storing unsealed containers of alcohol on Company property, in a Company-supplied vehicle or vehicle used for Company business or while on Company business; • Operation of any machinery or equipment, including automobiles, while under the influence of illegal drugs or having a BAC of .04% or above in any test following the operation of such machinery, equipment, or vehicle; • Refusing to cooperate fully in any aspect of the testing process or related procedures, as defined under Section 1, above;

Grounds for Immediate Termination. Either Party shall in addition to any other rights or remedies it may have, have the right to terminate this Agreement immediately if the following occurs with respect to the other Party: (a) In the event that a receiver, trustee in bankruptcy, or other custodian of the property of either Party be appointed, or if either Party is declared bankrupt or insolvent, or either Party makes a general assignment for the benefit of creditors or petition under any bankruptcy or similar law is filed against either Party. (b) In the event of any change of ownership of either party or merger of either Party which results in either Party being owned by, owning, or being affiliated with an entity, company or firm that competes with the other Party; or immediately in the event Distributor undertakes to manufacture Products in competition with ABC or the group or division within Distributor responsible for this Agreement is sold or transferred to a third party. (c) Breach or default by either party which is not cured within thirty days from receiving a written notice of such default.

Grounds for Immediate Termination. Subject to clause 12.5, this agreement may be terminated by a party giving notice to the other party upon the happening of any of the following events in respect of that other party: (a) an Insolvency Event; or (b) if the other party is in breach of an undertaking given pursuant to clause 13.2(b).

Grounds for Immediate Termination. CITY LOOKS will have the absolute right and privilege, where permitted by applicable law, to immediately terminate this Agreement if: (A) the FRANCHISEE or any of its partners, directors, officers or majority stockholders is convicted of, or pleads guilty to or no contest to, a charge of violating any law relating to the FRANCHISEE'S City Looks businesses, or any felony; (B) the FRANCHISEE voluntarily or otherwise abandons, as defined herein, the Franchised Area; or (C) the FRANCHISEE is involved in any act or conduct which materially impairs the goodwill associated with CITY LOOKS' Marks or Business System and which the FRANCHISEE fails to correct within twenty-four (24) hours of receipt of written notice from CITY LOOKS.

Grounds for Immediate Termination. COST CUTTERS will have the absolute right and privilege, unless prohibited by applicable law, to immediately terminate this Agreement if: (A) the FRANCHISEE or any of its partners, directors, officers or majority stockholders is convicted of, or pleads guilty or no contest to, a charge of violating any law relating to the FRANCHISEE'S Cost Cutters Businesses, or any felony; (B) the FRANCHISEE voluntarily or otherwise abandons, as defined herein, the Franchised Area; or (C) the FRANCHISEE is involved in any act or conduct which materially impairs the goodwill associated with COST CUTTERS' Marks or Business System, and the FRANCHISEE fails to correct such act or conduct within twenty-four (24) hours of receipt of written notice from COST CUTTERS.

Grounds for Immediate Termination. COST CUTTERS will have the absolute right and privilege, unless prohibited by applicable law, to immediately terminate this Agreement if: (A) the FRANCHISEE or any of its partners, Directors, officers or majority stockholders is convicted of, or pleads guilty or no contest to, a charge of violating any law relating to the FRANCHISEE'S Cost Cutters Business, or any felony; (B) the FRANCHISEE voluntarily or otherwise abandons, as defined herein, the FRANCHISEE'S Cost Cutters Business; (C) the FRANCHISEE is involved in any act or conduct which materially impairs the goodwill associated with COST CUTTERS' Marks or Business System, and the FRANCHISEE fails to correct such act or conduct within twenty-four (24) hours of receipt of written notice from COST CUTTERS; or (D) the FRANCHISEE fails or refuses to produce its books and financial records for audit by COST CUTTERS in accordance with Article 19.4.

Grounds for Immediate Termination. If CARRIER or any of CONTRACTOR’s workers does any of the following, the other party may elect to terminate this Agreement immediately: (i) commits— or attempts, conspires, or threatens to commit— a felony or intentional tort; (ii) violates any applicable federal, state, local, Native American tribal, or foreign law, regulation, or ordinance (“Applicable Law”); or