Rescission of Contract Sample Clauses

Rescission of Contract. If for any reason the conditions precedent set ------------------------ forth in article 5.2 and 5.3 have not all been fulfilled by any Party on or prior to the 90th day after the Business License has been issued, this Contract shall be deemed terminated and of no force and effect and the Company shall be dissolved. The Party that has suffered damages resulting for the breach of the contract can claim such damages against the other Party.

Rescission of Contract. 1. If Party A commits any of the following acts, Party B shall have the right to terminate the contract in writing, and the notice of termination shall take effect upon arrival at Party A: 1.1 Party B does not comply with the mandatory provisions of laws and regulations on agent qualification when this Contract is signed, causing economic losses to Party B; 1.2 The party does not have or loses the ownership or use right during the term of this Contract, resulting in the third party claiming relevant rights to Party B; 1.3 Party B stops supplying products to Party B without reason and fails to correct within 30 days after Party B urges them; 2. If Party B commits any of the following acts, Party A shall have the right to terminate the Contract in writing to either party, and the notice of termination shall take effect upon arrival to Party B: 2.1 Cause a large number of complaints or exposed and criticized by major media due to management and service problems, which seriously damages the goodwill of Party A's business system; 2.2 Transfer this Contract in whole or in part without party A's prior written consent (Party B's development agent shall not be deemed to transfer this Contract in whole or in part); 2.3 Disclosing Party A's trade secrets to a third party; 2.4 Intentionally report wrong or misleading information to Party A; 2.5 Party B delays in paying any payment under this Contract and fails to correct for more than 30 days. 2.6 Party B distributes and represents the Doppler blood flow products of Party A's competitors.

Rescission of Contract. 9.1 During term of contract, if Party B has any of the following breaching acts, Party B has the right to notify Party B the termination of this Contract unilaterally (the date for termination of contract specified in notice on termination of contract received by Party B from Party A shall be the date of early termination of this Contact), take back the premises and take necessary measures. Decoration and finishing losses caused to Party B thereof shall be assumed by Party B voluntarily. Besides, Party A shall pay one month’s rent of current year to Party A as liquidated damages according to the provisions of this Contract. 9.1.1 Change application of the premises specified in this Contract without permission or conduct illegal activities with this premises. 9.1.2 Dismantle building structure without written approval of Party A, or damage the premises, and fails to correct and repair within stipulated time upon the written notice of Party A. 9.1.3 Transfer the premises to other person for the purpose of using and operating without written approval of Party A. 9.1.4 Delay to pay rent for over 15 days accumulatively without written approval of Party A. 9.1.5 Without business certificate, or not meet requirements on fire prevention, environmental protection, public security and disease prevention etc. 9.1.6 Severely violate Property Management Service Agreement and relevant rules for the implementation. 9.1.7 Delay to pay water and electricity for over one month. 9.1.8 Influence normal operational order of Party A’s park area. 9.2 During term of lease, if Party B has any of the above acts, it shall agree unconditionally Party A to take the following measures: 9.2.1 Party A will immediately send early termination of contract to Party B, and at the same time take compulsory measures including turning off power supply and cutting off water supply for area leased by Party B; losses caused to Party B on aspect of operation thereof shall be assumed voluntarily. 9.2.2 Party B shall move extra articles put in the leased area within ten days after Party A sends out termination of contract and return the leased premises to Party A; both parties shall terminate lease contract in advance. 9.2.3 If Party B fails to complete formalities for hand-over of premises in the following day of the ten days after Party B notifies the early termination of contract and there are still articles in the premises, Party A will dispose the articles left in the premises as ownerless articl...

Rescission of Contract. In any of the following circumstances, Party A shall have the right to rescind this Contract and recover the leased Property:

Rescission of Contract. If for any reason the conditions precedent set ---------------------- forth in article S.2 and 5.4 have not all been fulfilled or waived in writing by Party B on or prior to the 180th day after the Business License has been issued, at Party B's option, this Contract shall be deemed terminated and of no force and effect, the Company shall be dissolved, and the Shareholders shall have no liability of any kind hereunder to each other.

Rescission of Contract. 1. After the agreement between the two parties, the contract can be terminated. 2. During the validity period of the contract, if one of the following circumstances occurs, the contract is automatically cancelled. (1) Force majeure occurs, making this contract impossible to perform (2) The land use right within the occupied area of the property is recovered in advance (3) The property was legally expropriated for social public interest (4) The property was damaged or identified as a dangerous property (5) Party B has privately remodeled the leased property without the written consent of Party A. (6) Party B is not personally disguised without the written consent of Party A. (7) Party B pledges the property to protect Party A’s rights and interests. If the contract is terminated due to the above (1-4 items), the rent shall be calculated according to the actual use time, and the calculation shall be based on the number of days in which the whole month is insufficient, and the partial refund shall be made to the part that is refunded or less; (7-7 items) Overpaid part of the rent, Party A does not return. 3. Party A and Party B agree that in any of the following circumstances, one party may notify the other party in writing to terminate the contract. The party that violates the contract shall pay the breach of contract to the other party at the same time as the other party’s monthly rent; if the liquidated damages are insufficient to compensate the party, the difference between the loss and the liquidated damage shall be compensated. (1) Party A fails to deliver the property on time, and has not delivered it within 10 days after the urging by Party B; (2) The property delivered by Party A does not comply with the provisions of this contract, resulting in the inability to achieve the purpose of the lease, or the property paid by Party A is defective, endangering the safety of Party B.

Rescission of Contract. During the exploration phases, COMIBOL will be able to rescind the CONTRACT unilaterally, in the following cases:

Rescission of Contract. 19.1 If this contract expressly gives a party a right to rescind, the party can exercise the right – 19.1.1 only by serving a notice before completion; and 19.1.2 in spite of any making of a claim or requisition, any attempt to satisfy a claim or requisition, any arbitration, litigation, mediation or negotiation or any giving or taking of possession. 19.2 Normally, if a party exercises a right to rescind expressly given by this contract or any legislation – ▇▇▇/ ▇ ▇▇▇▇▇▇▇▇▇ ▇▇, ▇▇▇▇▇▇ ▇▇▇▇ 19.2.1 the deposit and any other money paid by the purchaser under this contract must be refunded; 19.2.2 a party can claim for a reasonable adjustment if the purchaser has been in possession; 19.2.3 a party can claim for damages, costs or expenses arising out of a breach of this contract; and 19.2.4 a party will not otherwise be liable to pay the other party any damages, costs or expenses.

Rescission of Contract. You may rescind your Natural Gas Supply Contract with VE within seven (7) business days of the postmark on the notice from the incumbent gas utility notifying us in writing at the address identified above. After the initial seven (7) business day period, either you or we may terminate the Contract at any time by providing the non-terminating party thirty (30) days written notice of such termination. You will remain responsible for all-natural gas consumed by you prior to the actual cessation of services. If your supply contract with VE is terminated, your natural gas supply will automatically be provided by the utility under its standard tariff unless or until you choose another supplier. If you voluntarily cancel your enrollment with VE, it is possible that Columbia’s Gas Cost Adjustment (GCA) may charge more than VE’s rate. IF YOU TERMINATE WITHIN THE INITIAL TERM, THERE IS A $100.00 CANCELLATION FEE FOR EACH RESIDENTIAL OR COMMERCIAL ACCOUNT. ADDITIONALLY, FOR EACH COMMERCIAL ACCOUNT YOU WILL BE RESPONSIBLE FOR AN EARLY TERMINATION FEE EQUAL TO ANY ADDITIONAL LOSSES SUSTAINED BY VESI (INCLUDING LOSSES SUSTAINED AS A RESULT OF VESI HEDGING THE CUSTOMER’S LOAD FOR THE BALANCE OF THE INITIAL PERIOD). This Agreement will automatically terminate upon the occurrence of any of the following: (1) the requested service location is not served by the incumbent natural gas company; (2) the customer moves outside the area served by the incumbent natural gas company or VE; and (3) VE determines to terminate your supply contract and returns you to the incumbent natural gas company. (A thirty (30) day notice must be given before VE returns customer to Columbia Gas of Kentucky sales service.) Natural gas may only be shut off by the utility under procedures approved by the Kentucky Public Service Commission.