Other Rights to Terminate Sample Clauses
The 'Other Rights to Terminate' clause defines additional circumstances under which either party may end the agreement beyond the standard termination provisions. This clause typically outlines specific events, such as breaches of contract, insolvency, or failure to meet certain obligations, that would trigger a right to terminate. By clearly listing these scenarios, the clause provides both parties with a transparent understanding of when early termination is permitted, thereby managing risk and ensuring that both sides have recourse if significant issues arise.
Other Rights to Terminate. Stealth’s right to terminate under this Section 5 will be in addition to and not a limitation of any right to terminate (or right to offset) under any other provisions of this Agreement.
Other Rights to Terminate. 13.5.1 American will have the right to terminate this Agreement at any time on or after the [***] of the Trigger Date for the last retrofitted Fleet Type, by giving [***] written notice and paying Aircell an amount equal to the amount obtained by multiplying (A) [***] by (B) Aircell’s [***] from Connectivity Revenues earned by Aircell in the year ending on the applicable anniversary of the Trigger Date.
13.5.2 With respect to each of the Fleet Types, if at any time after the [***] of the Trigger Date for such Fleet Type (A) an in-flight connectivity services provider other than Aircell offers a connectivity service (B) that provides a material improvement in connectivity functionality [***] (C) such that American reasonably believes that failing to offer such service to passengers on such Fleet Type would likely cause competitive harm to American by [***], (D) such competitive system is installed and in commercial operation on [***], and (E) American has completed sourcing processes with respect to the competitive offering sufficiently rigorous such that American can validate the technology, functionality and feasibility of the competitive offering and provide objective system performance and functionality criteria to Aircell for its use in determining whether it wishes to submit a proposal as contemplated below, then American may provide written notice thereof (including such criteria) to Aircell. In such event, Aircell will have the opportunity to submit a proposal to provide such service to American, which proposal will include, without limitation, proposed terms regarding pricing, system functionality and implementation dates, within [***] after receipt of such notice, and if Aircell timely submits such proposal then American will in good faith consider such proposal. If American reasonably determines that Aircell’s proposal is at least as favorable as the competitor’s offering, this Agreement will be amended to incorporate such additional or replacement offering or functionality and the agreed upon terms. If Aircell declines or fails to submit a proposal to American within such [***], or if American reasonably determines that Aircell’s proposal is not as favorable as the competitor’s offering, then American may elect to termination this Agreement with respect to such Fleet Type. Such election must be made by providing at least [***] advance notice thereof to Gogo, and in such event this Agreement will terminate as and to the extent and otherwise in ac...
Other Rights to Terminate. Without prejudice to any other remedy to which either Party may be entitled for breach of this Agreement, the Parties agree that Sections 12, 14.6 and 14.7 state the only circumstances in which either Party may unilaterally terminate this Agreement.
Other Rights to Terminate. Without prejudice to any other remedy to which either party may be entitled for breach of this Agreement, this clause 9 states the only circumstances in which either party may unilaterally terminate this Agreement.
Other Rights to Terminate. The Parties acknowledge and agree that, except as expressly set forth in Section 9.1 and Section 9.2,, or by the mutual agreement to terminate, as provided in Article VIII hereof, this Agreement may not be terminated by any Party.
Other Rights to Terminate. Either party may terminate this Agreement immediately by notice to the other party if:
Other Rights to Terminate. Either party shall be entitled to terminate this Agreement, immediately by giving written notice to the other party (the “Defaulting Party”) if one of the following events occur:
(i) the Defaulting Party permanently ceases for any reason to conduct its business in the normal course;
(ii) if the Defaulting Party passes a resolution, or any court of competent jurisdiction makes an order, that the affected party shall be dissolved, or if a trustee in bankruptcy, liquidator, receiver or manager on behalf of a creditor or similar officer is appointed; or
(iii) the Defaulting Party makes an assignment for the benefit of creditors, has a trustee or receiver appointed to manage all or a substantial part of its assets or if a petition in bankruptcy or under any insolvency law is filed by or against the Defaulting Party and such petition is not dismissed within sixty (60) days after it has been filed.
Other Rights to Terminate. 13.5.1 [***].
13.5.2 With respect to each of the Fleet Types, [***].