Reasons for Cancellation Clause Samples

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Reasons for Cancellation. A. Any part of this agreement shall have the right to terminate this lease upon thirty (30) days written notice prior to the resolution, rescission, termination, cancellation and date of interest. B. In addition to any other remedy or right, which the Authority may exercise under the terms of this agreement, the Authority may cancel this agreement upon the happening of any one of the following events: 1. Abandonment of property by Lessee; or the liquidation of Lessee’s assets; 2. The occupancy or seizure by any third party under a court mandate or the attachment of Lessee’s assets located in the leased premises, if such occupancy, seizure or attachment is not terminated within fifteen (15) days following the date in which it was executed; 3. Non-compliance by the Lessee of any of its obligations, covenants or agreements under this agreement or non-compliance by the Lessee of any other obligation of payment of due debts for any other concept, covenants or agreements between the Lessee and the Authority, not covered under this agreement, if such-non-compliance is not cured within fifteen (15) days after requested to do so by the Authority. C. Upon the happening of any one of events recited above, the Authority may take possession of the premises at once and the Lessee shall pay the Authority as liquidated damages, without need or judicial determination, a sum equivalent to the rentals set forth in this agreement from the date of the happening of such event until the date fixed in the agreement for its normal termination. The Lessee agrees to pay the legal expenses and attorney fees if the Authority need to submitted a eviction action, collection action, torts or any legal action by non-compliance of any of its obligations, covenants or agreements under this agreement.
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Reasons for Cancellation. This Contract may be cancelled by the University for loss of eligibility under Section 1 of this Contract; failure to satisfy my financial obligations owed to the University; breach of this Contract or University Housing policies or regulations, or as otherwise provided in this Contract. If the University receives notification that I am no longer a student or ineligible for University Housing, but have not properly cancelled my contract, the University may cancel this Contract based on the date University housing receives such notification.
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Reasons for Cancellation. The following are reasons for which the Contract may be cancelled, subject to the submission of proper documentation and the approval of the Office of Student Life and will be determined on an individual basis: i. Injury, illness, or medical condition that necessitates withdrawal from the University. ii. Induction into the military service or military absences that necessitate a change in residence. iii. Voluntary withdrawal from the University during the [Fall or Spring] semester[s] or at the end of the Fall Semester due to graduation, enrollment at another university, or temporary leave of absence. iv. Internships or practicum requirements that necessitate residence away from campus, if the Student will not return to the Residence during the remainder of the Contract Period. v. Extenuating circumstances or demonstrated need other than voluntary withdrawal from the University, including drastic reduction in financial resources following execution of the Contract, unusual health problems, and other exceptional changes in the Student’s status. vi. Any occurrence that prevents the University temporarily from rendering full performance under this Contract, such as war, fire, flood, or other disasters, or strike or work stoppage, whether by University or other employees, shall not constitute grounds for cancellation of this Contract by the Student.
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Related to Reasons for Cancellation

  • Purchase for Cancellation Subject to applicable law, meeting the solvency requirements under Bermuda law and to the provisions described in Section 6, the Partnership may at any time purchase for cancellation the whole or any part of the Series 7 Preferred Limited Partnership Units Outstanding from time to time, in the open market through or from an investment dealer or any firm holding membership on a recognized stock exchange, or by private agreement or otherwise, at the lowest price or prices at which, in the opinion of the General Partner, such units are obtainable.

  • ORDER CANCELLATION Users of this contract are advised that orders (all or part) cancelled or returned after acceptance of requested merchandise will be subject to a restocking fee of ten percent (10%) of the invoice amount (not to exceed $500.00 per order) plus return freight charges. The amount authorized for payment of return freight will, in no instance, be more than original delivery charges documented by carrier. These charges may be applied, at the option of the supplier, to those orders which have been accepted. Orders cancelled prior to shipment or acceptance by ordering entity from the manufacturer will not be assessed charges.

  • Contract Cancellation DCF may cancel this Contract after providing the Contractor with thirty (30) calendar days written notice of the Contractor’s right to cure a failure of the Contractor to perform under the terms of this Contract. The following are examples of contractor failure that would warrant cancellation: • Breaches or defaults an obligation under the Contract as follows: • Fails to follow the sales and use tax certification requirements of s. 77.66 of the Wisconsin Statutes; • Incurs a delinquent Wisconsin tax liability; • Fails to submit a non-discrimination or affirmative action plan as required here in; • Fails to follow the non-discrimination or affirmative action requirements of subch. II, Chapter 111 of the Wisconsin Statutes (Wisconsin’s Fair Employment Law); • Becomes a Federally debarred Contractor; • Is excluded from Federal procurement and non-procurement contracts; • Fails to maintain and keep in force all required insurance, permits and licenses as provided in this Contract; • Fails to maintain the confidentiality of DCF’s information that is considered to be Confidential Information, proprietary, or containing Personally Identifiable Information; • Contractor violates other state laws; or • Contractor performance threatens the health or safety of a State employee or State customer. The Contractor may cancel this Contract after providing DCF one hundred and twenty (120) calendar days’ notice of the State’s right to cure a failure of the State to perform under the terms of this Contract. Upon cancellation of this Contract for any reason, or upon Contract expiration, each party shall be released from all obligations to the other party arising after the date of cancellation or expiration, except for those that by their terms survive such cancellation or expiration.

  • No Cancellation No Required Insurance policy may be canceled by either Party during the required insured period under this Agreement, except after thirty days’ prior written notice to the City by certified mail, return receipt requested. Prior to the effective date of any such cancellation Consultant must procure and put into effect equivalent coverage(s).

  • Cancellation for convenience 19.1 The Commonwealth may cancel this Agreement by notice, due to (a) a change in government policy; or (b) a Change in the Control of the Grantee, which the Commonwealth believes will negatively affect the Grantee’s ability to comply with this Agreement. 19.2 The Grantee agrees on receipt of a notice of cancellation under clause 19.1 to: (a) stop the performance of the Grantee's obligations as specified in the notice; and (b) take all available steps to minimise loss resulting from that cancellation. 19.3 In the event of cancellation under clause 19.1, the Commonwealth will be liable only to: (a) pay any part of the Grant due and owing to the Grantee under this Agreement at the date of the notice; and (b) reimburse any reasonable expenses the Grantee unavoidably incurs that relate directly to the cancellation and are not covered by 19.3(a). 19.4 The Commonwealth’s liability to pay any amount under this clause is subject to: (a) the Grantee's compliance with this Agreement; and (b) the total amount of the Grant. 19.5 The Grantee will not be entitled to compensation for loss of prospective profits or benefits that would have been conferred on the Grantee.