Subsequent to Termination Clause Samples

Subsequent to Termination. City shall provide Grantee with a letter confirming termination of the Agreement. Within thirty (30) days of the date of this letter, Grantee shall submit to the City a certified or cashier's check in the total amount of the grant provided by the City under the terms of this Agreement.

Subsequent to Termination expiration of this Agreement, as the case may be, the SPO will return the S.D to the Consumer after deducting amounts, if any due and payable to the SPO by the Consumer in accordance with the terms of this Agreement within 10 days of the termination/expiration of the Agreement otherwise interest @ 10% P.A. will be charged extra. If the amount of S.D has entirely been adjusted against amounts payable to the SPO by the Consumer, then the SPO shall not be required to refund any amount to the Consumer.

Subsequent to Termination. City shall provide Grantee with a letter confirming termination of the Agreement. Within thirty (30) calendar days of the date of this letter, the City shall close the Grant account and return all remaining City funds to the general operating fund.

Subsequent to Termination. The Advisor agrees to reduce the fee payable to it under this Agreement by the amount by which the ordinary operating expenses of the Company for any fiscal year of the Company shall exceed the annual rate of 1.25% of the Series' average daily net assets. Costs incurred in connection with the purchase or sale of portfolio securities, including brokerage fees and commissions, which are capitalized in accordance with generally accepted accounting principles applicable to investment companies, shall be accounted for as capital items and not as expenses. Proper accruals shall be made by the Company for any projected reduction hereunder and corresponding amounts shall be withheld from the fees paid by the Company to the Advisor. Any additional reduction computed at the end of the fiscal year shall be deducted from the fee for the last month of such fiscal year.

Subsequent to Termination. 12.2.1. the Host’s obligations to fulfil Bookings taken through the Flown Platform continue to apply beyond the notice period, unless the termination was exercised by Flown as a result of serious failures to meet the terms referred to in this Agreement and Policies. In a situation where Flown exercises notice due to such failures, Flown reserves the right to relocate those bookings to other Hosts, without payment of Cancellation Fees to Hosts. 12.2.2. Flown’s obligations to pay Host Payouts for any undisputed amounts continue beyond the notice period, unless the termination was exercised by Flown as a result of a serious breach of contract. In a situation where Flown exercises notice due to such failures, and the parties cannot reach mutual agreement as to the final Host Payout amounts, both parties agree to independent arbitration to settle the final payments.

Subsequent to Termination. From and after the Termination Date, neither the Owner nor any other owner or operator of the Hotel shall have the right to use any Operator Symbols or Operator Names in connection with the operation of the Hotel; provided, however, that the Owner shall have the right to use for ( ) days (or such lesser period of time that terminates upon the rebranding of the Hotel) all of the Operating Equipment and Operating Supplies existing at the Termination Date which are marked with an Operator Name or an Operator Symbol, but if within ( ) days after such date the Operator offers to buy at its cost any or all of such Operating Equipment and Operating Supplies, then the Owner shall forthwith, cease to use and sell such Operating Equipment and Operating Supplies and deliver the remainder thereof to the Operator against payment therefor. In the event of a breach of this Section 15.5 by the Owner, then in addition to all of the other remedies available to the Operator hereunder for a breach of this Agreement, the Operator shall be entitled to an injunction or injunctions (temporary, permanent, and mandatory) against the Owner and any other party claiming the right of use of the Operator Names and Operator Symbols by, through, or under the Owner.