Mutual Cancellation Sample Clauses
The Mutual Cancellation clause allows both parties to a contract to agree to terminate their agreement without penalty or further obligation. In practice, this means that either party can propose ending the contract, but cancellation only takes effect if both sides consent in writing. This clause provides a clear and fair mechanism for ending a contractual relationship by mutual agreement, helping to prevent disputes and ensuring that neither party is forced to continue under unwanted terms.
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Mutual Cancellation. Cancellation on the present Letter of Agreement by mutual agreement of the respective Approving Authorities may take place at any time.
Mutual Cancellation. This Lease may be terminated as to all or part of the Parcel prior to the Expiration Date upon written agreement signed by both Lessor and Lessee. The agreement shall specify the terms and conditions of such a cancellation and may include but shall not be limited to an acceleration of the amortization of the improvements.
Mutual Cancellation. Any Active Subscription will be cancelled upon joint notice by the Depositor and the Beneficiary to us requesting such cancellation.
Mutual Cancellation. This lease may be terminated prior to the expiration date upon written agreement signed by both Lessor and Lessee. The agreement shall specify the terms and conditions of such a cancellation and may include but shall not be limited to an acceleration of the amortization of the improvements. In consideration of mutual termination of this Lease, Lessee shall pay Lessor an amount equal to eighteen (18) months rental, based on the rents due for the Lease Years following the termination.
Mutual Cancellation. 13 6.2.4 Assignment.......................................................................... 13 6.2.5 Evidence of Authority............................................................... 13 6.2.6 Additional Items.................................................................... 13 6.2.7 Assignment of Development Agreement................................................. 13 6.3
Mutual Cancellation. In the event of fire, accidents, lightning strikes, flood, acts of God, or causes beyond the control of IMPACT PYRO, which preclude IMPACT PYRO from presenting the SHOW, the parties hereto release each other from any and all performance of the covenants herein and from damages resulting from breach hereof. In such case, the CUSTOMER shall be entitled to a refund of all monies paid as set out in I.
Mutual Cancellation. The voluntary or other surrender of this Lease by Lessee, or a mutual cancellation thereof shall not work a merger, and shall, at the option of Lessor, terminate all or any existing subleases or sub-tenancy or may, at the option of Lessor, operate as an assignment to him of any or all such subleases or sub-tenancies. COMMERCIAL LEASE AGREEMENT -6
Mutual Cancellation. At least two (2) counterparts, duly executed and acknowledged by Seller, of a mutual cancellation of the Lease in the form attached as Exhibit G hereto (the "Mutual Cancellation");
Mutual Cancellation. At least two (2) counterparts, duly executed and acknowledged by Buyer, of the Mutual Cancellation;
Mutual Cancellation. This Agreement may be terminated for cause by either Client or Provider as applicable upon (a) an uncured material breach by the other party of any term herein or in any attached document after thirty days written notice; (b) the other party’s failure to function as an ongoing concern or operate in the ordinary course; (c) assignment of the other party for the benefit of creditors; or (d) voluntary or involuntary bankruptcy filing by or against the other party. If Client terminates this Agreement without cause prior to the end of the term, Client shall pay all amounts then due and unpaid plus seventy-five percent of the amount Client would otherwise have had to pay to Provider over the remainder of the term (“Cancellation Fee”) calculated based on the remaining number of months of the term. The Cancellation Fee also applies at Provider’s election upon its termination of this Agreement for Client’s material breach, without any offset or mitigation of damages required therefor. Client agrees to pay any Cancellation Fee within thirty days of any specified early termination event. Client acknowledges that such Cancellation Fee is