Inability to Operate Sample Clauses

The 'Inability to Operate' clause defines the rights and obligations of parties when one party is unable to perform its contractual duties due to circumstances beyond its control. Typically, this clause outlines the procedures to follow if operations are halted, such as notifying the other party, suspending obligations, or providing a timeline for resumption of performance. Its core function is to allocate risk and provide a clear process for handling disruptions, ensuring that neither party is unfairly penalized for events outside their control.
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Inability to Operate. In the event Tenant (i) is unable to obtain or maintain in full force and effect through no fault of Tenant, any permit, license or other governmental approval necessary or required for the continued operation, School Board shall have the right to terminate this Lease upon thirty (30) days prior written notice to Tenant. Thereafter the parties shall be relieved of all further obligations under this Lease arising subsequent to the date of such termination.
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Inability to Operate. Notwithstanding anything else herein to the contrary, if prior to Closing, the Clearview Group is rendered substantially unable to operate the Business for a period of time equal to or greater than 30 days by any reason beyond the Clearview Group's control and which it cannot reasonably cure, including but not limited to destruction of a substantial portion of the Assets or if the whole or any part of the Real Property shall be acquired or condemned by Eminent Domain for any public or quasi-public use, the Clearview Group at its option, which may be exercised by written notice given to the GG Group within thirty (30) business days after the Clearview Group's receipt of notice of such loss, may terminate this Agreement, effective immediately.
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Inability to Operate. Notwithstanding anything to the contrary in this Agreement, Licensor shall have the right to terminate this Agreement, without penalty, in the event that any governmental authority requires Licensor or Licensee to cease its operations on, or to vacate, the Parking Area. In such an event, this Agreement shall terminate on the date specified in such party’s written notice, and Licensee shall surrender the Parking Area to Licensor in accordance with terms of this Agreement on or before such date.
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Inability to Operate. The inability of Lessee to use said Leased Premises and facilities continuing for a period longer than thirty (30) days, due to any law or order, rule or regulations of any appropriate governmental authority having jurisdiction over the Leased Premises or over the operation of the Airport, or due to war, earthquake, or other casualty; provided, however, that the negligence of Lessee is not the cause of such inability of Lessee to use such facilities and premises. If County's operation of the Airport or Lessee's operations at the Airport should be impaired substantially by any action of the United States government, or any agency thereof, or the State of Colorado, or any agency thereof, then either party hereto shall have the right, upon written notice to the other, to a suspension of this Agreement and an abatement of a just proportion of the services and facilities (and associated rent) to be afforded hereunder, from the time of such notice until such restriction shall have been remedied and normal operations restored; provided, however, that if any such substantial impairment shall exist for a period of thirty (30) days or more, then Lessee, at its option, may terminate this Agreement and all rights, privileges, and responsibilities hereunder shall forthwith cease and terminate. County shall not be liable to Lessee for any damages suffered by Lessee arising out of any restrictions in Lessee's operations at the Airport unless said restrictions have been imposed as a direct result of negligence or misconduct on the part of County.
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Inability to Operate. Notwithstanding any other provision of this Agreement, if the Baseball Facility is untenantable in whole or in any material part as a result of any Major Capital Repair, or the event or events which gave rise thereto, then for the period of such untenantability, the Operator will not be responsible for any obligations accruing under this Agreement. In the event that such untenantability continues for a period of two (2) Seasons, or totals a number of days equal to two (2) Seasons in any three (3) year period, the Operator may at its option, exercised in its sole discretion, terminate this Agreement upon thirty (30) days prior written notice to Gateway.
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Related to Inability to Operate

  • Inability to Perform This Lease and the obligations of the Tenant hereunder shall not be affected or impaired because the Landlord is unable to fulfill any of its obligations hereunder or is delayed in doing so, if such inability or delay is caused by reason of strike, labor troubles, acts of God, or any other cause beyond the reasonable control of the Landlord.

  • Inability to Pay Debts The Borrower or any Restricted Subsidiary shall become unable, admit in writing its inability or fail generally to pay its debts as they become due;

  • Inability to Determine Rates If the Required Lenders determine that for any reason in connection with any request for a Eurodollar Rate Loan or a conversion to or continuation thereof that (a) Dollar deposits are not being offered to banks in the London interbank eurodollar market for the applicable amount and Interest Period of such Eurodollar Rate Loan, (b) adequate and reasonable means do not exist for determining the Eurodollar Rate for any requested Interest Period with respect to a proposed Eurodollar Rate Loan, or (c) the Eurodollar Rate for any requested Interest Period with respect to a proposed Eurodollar Rate Loan does not adequately and fairly reflect the cost to such Lenders of funding such Loan, the Administrative Agent will promptly so notify the Borrower and each Lender. Thereafter, the obligation of the Lenders to make or maintain Eurodollar Rate Loans shall be suspended until the Administrative Agent (upon the instruction of the Required Lenders) revokes such notice. Upon receipt of such notice, the Borrower may revoke any pending request for a Borrowing of, conversion to or continuation of Eurodollar Rate Loans or, failing that, will be deemed to have converted such request into a request for a Borrowing of Base Rate Loans in the amount specified therein.

  • Inability to Determine Rate If in connection with any request for a Term SOFR Loan or a conversion to or continuation thereof, as applicable, (a) Agent determines (which determination shall be conclusive absent manifest error) that (i) no Successor Rate has been determined in accordance with Section 3.6.2, and the circumstances under Section 3.6.2(a) or the Scheduled Unavailability Date has occurred (as applicable), or (ii) adequate and reasonable means do not otherwise exist for determining Term SOFR for any requested Interest Period with respect to a proposed Term SOFR Loan or in connection with an existing or proposed Base Rate Loan, or (b) Agent or Required Lenders determine that for any reason Term SOFR for any requested Interest Period with respect to a proposed Term SOFR Loan does not adequately and fairly reflect the cost to such Lenders of funding such Loan, Agent will promptly so notify Borrowers and Lenders. Thereafter, (x) the obligation of Lenders to make, maintain, or convert Base Rate Loans to, Term SOFR Loans shall be suspended (to the extent of the affected Term SOFR Loans or Interest Periods), and (y) in the event of a determination described in the preceding sentence with respect to the Term SOFR component of Base Rate, the utilization of such component in determining Base Rate shall be suspended, in each case until Agent (or, in the case of a determination by Required Lenders described above, until Agent upon instruction of Required Lenders) revokes such notice. Upon receipt of such notice, (I) Borrowers may revoke any pending request for a Borrowing, conversion or continuation of Term SOFR Loans (to the extent of the affected Term SOFR Loans or Interest Periods) or, failing that, will be deemed to have converted such request into a request for Base Rate Loans, and (II) any outstanding Term SOFR Loans shall convert to Base Rate Loans at the end of their respective Interest Periods.

  • Ability to Abandon CVR A Holder may at any time, at such Holder’s option, abandon all of such Holder’s remaining rights in a CVR by transferring such CVR to Parent without consideration therefor. Nothing in this Agreement is intended to prohibit Parent from offering to acquire CVRs for consideration in its sole discretion.