No Right to Terminate or Take Restricted Action Clause Samples

The "No Right to Terminate or Take Restricted Action" clause establishes that neither party is permitted to unilaterally end the agreement or engage in certain specified actions that are otherwise restricted under the contract. In practice, this means that even if a dispute or triggering event occurs, the parties must continue to honor their obligations and cannot suspend performance, terminate the contract, or take other actions like withholding payments unless explicitly allowed elsewhere in the agreement. This clause is designed to maintain contractual stability and prevent either party from disrupting the business relationship without following the agreed-upon procedures.
No Right to Terminate or Take Restricted Action. The Authority will not terminate or deliver any notice terminating the Project Agreement, or take any Restricted Action, during any Notice Period, provided however that until the expiry of that period the Authority will be entitled to require Project Co to remedy any Project Co Event of Default and will be entitled to exercise all rights under the Project Agreement other than termination of the Project Agreement.
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No Right to Terminate or Take Restricted Action. The County shall not terminate or deliver any notice terminating the Project Agreement, or take any Restricted Action, during any Notice Period that would have the effect of terminating the Project Agreement prior to the expiration of the applicable 180 day period referred to in Section 3.2; provided, however, that until the expiration of such period the County shall be entitled to require the Developer to remedy any Developer Event of Default which is capable of being cured pursuant to Section 20.3 of the Project Agreement and shall be entitled to exercise all rights under the Project Agreement other than termination of such agreement.
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Related to No Right to Terminate or Take Restricted Action

  • Right to Terminate Following Termination Event Sections 6(b)(ii)-(iv) are deleted in their entirety and replaced by the following:

  • Company’s Right to Terminate Notwithstanding the provisions of Section 3.1, Company shall have the right to terminate Executive’s employment under this Agreement at any time for any of the following reasons: (a) upon Executive’s death; (b) upon Executive’s Disability; (c) for Cause; or (d) at any time, for any other reason whatsoever, in the sole discretion of the Board.

  • Our Right to Terminate We may terminate this Agreement and close your account at any time by giving you 30 days’ written notice; this right is in addition to any other rights to terminate this Agreement or close your account that we may have under this Agreement.

  • Right to Terminate Employment No provision of this Agreement shall limit in any way whatsoever any right that the Company or a Subsidiary may otherwise have to terminate the employment of the Grantee at any time. Nothing herein shall be deemed to create a contract or a right to employment with respect to the Grantee.

  • Right to Terminate Following Event of Default If at any time an Event of Default with respect to a party (the “Defaulting Party”) has occurred and is then continuing, the other party (the “Non-defaulting Party”) may, by not more than 20 days notice to the Defaulting Party specifying the relevant Event of Default, designate a day not earlier than the day such notice is effective as an Early Termination Date in respect of all outstanding Transactions. If, however, “Automatic Early Termination” is specified in the Schedule as applying to a party, then an Early Termination Date in respect of all outstanding Transactions will occur immediately upon the occurrence with respect to such party of an Event of Default specified in Section 5(a)(vii)(1), (3), (5), (6) or, to the extent analogous thereto, (8), and as of the time immediately preceding the institution of the relevant proceeding or the presentation of the relevant petition upon the occurrence with respect to such party of an Event of Default specified in Section 5(a)(vii)(4) or, to the extent analogous thereto, (8).