Term Termination and Consequences of Termination Sample Clauses
The 'Term, Termination and Consequences of Termination' clause defines the duration of the agreement, the conditions under which either party may end the contract, and the effects of such termination. It typically outlines the initial and renewal periods, specifies grounds for early termination such as breach or insolvency, and details the obligations of each party upon ending the agreement, such as final payments or return of confidential information. This clause ensures both parties understand how and when the contract can be concluded and what steps must be taken afterward, thereby reducing uncertainty and managing risk in the event the relationship ends.
Term Termination and Consequences of Termination. 6.1 Except as specified under this Agreement, this Agreement shall not be terminated by either of the Parties.
6.2 In the event of termination as may be required by Applicable Law or SEBI or any rule or regulations or any other authority or government body, or pursuant to an order issued by any government, statutory, judiciary, regulatory, or any other authority, or pursuant to any permission granted to either Party by SEBI, the following shall take place;
(i) The Party initiating the termination will need to inform the other Party in writing through a notice intimating the reason for termination. Unless otherwise required by Applicable Law requiring such termination, the termination shall be effective after 30 (thirty) calendar days from the day the notice is served or the due date of publication of the next Monitoring Agency Report, (which is 45th day from the end of the quarter as per the SEBI ICDR Regulations), whichever is later.
(ii) A copy of the termination notice shall also be sent to the SEBI and to the Stock Exchanges, by the Party initiating the termination.
(iii) The Monitoring Agency shall promptly display on its website the receipt/ issuance of notice of termination of its formal agreement with the Company.
(iv) The Monitoring Agency shall issue a report on the status of co-operation by the Company from the date of commencement of arrangement between the Company and the Monitoring Agency till the date of termination of such arrangement and share it with the Company.
(v) The Company shall promptly inform its Board of Directors and the stock exchanges where securities of the Company are listed, immediately on issue/ receipt of the termination letter. It is hereby clarified that the Monitoring Agency shall be responsible for monitoring the utilization of the IPO Proceeds , as applicable, from the Offer only from the calendar quarter (viz, a period of 3 calendar months, namely, January-March or April-June or July- September or October-December) immediately succeeding its appointment or date of the closure of the Offer, whichever is earlier. It is further clarified that ICRA shall not be responsible for providing any monitoring agency report for the quarters prior to its effective appointment.
6.3 This Agreement shall automatically terminate upon the issuance of the last Monitoring Agency Report by the Monitoring Agency upon utilization of 100% of the IPO Proceeds by the Company in accordance with the provisions of the Prospectus and/or as per th...
Term Termination and Consequences of Termination. 4.1 This contract shall take effect on the date of its signature by both parties or, if signatures do not occur simultaneously, when the latest signature is given. Unless sooner terminated pursuant to Articles 5.2 or 5.3, this contract shall continue for a period of 7 months.
Term Termination and Consequences of Termination. 12.1 This Agreement will take effect on the Effective Date and continue for the Initial Term and shall be automatically renewed for successive one year terms unless one party notifies the other party in writing at least thirty (30) days before the end of the then-current term, stating the party’s decision not to renew the Agreement, in which event this Agreement shall terminate when all Services and Deliverables agreed under this Agreement prior to such termination notice have been provided and Client has paid the Fees due in respect of such Services and Deliverables.
12.2 Without prejudice to its other rights and remedies, either Party may terminate the Agreement, or any Service, with immediate effect by written notice to the other if: (i) the other Party is in material breach of the Agreement or its obligations in relation to a particular Service and either that breach is incapable of remedy or the Party in breach has failed to remedy the breach within thirty (30) days after receiving written notice requiring it to so remedy; (ii) the other party enters into a composition with its creditors; (iii) a court order is made for the winding up of the other party; (iv) an effective resolution is passed for the winding up of the company (other than for the purposes of amalgamation or reconstruction); or (v) the other party has a receiver, manager, administrative receiver or administrator appointed in respect of it; or (vi) the other Party is unable to pay its debts as they fall due or its assets are worth less than its liabilities on a balance sheet basis.
12.3 Clarivate may terminate all or any part the Agreement or the provision of any particular Product or Service, at its discretion, with immediate effect if any organisation which is a competitor of Clarivate acquires Control of Client
12.4 If at any time Clarivate for any reason decides to cease general provision of a Product or Service, Clarivate may cancel that Product or Service by providing not less than ninety (90) days’ written notice to Client.
12.5 UPON TERMINATION UNDER CLAUSE 12.3 OR 12.4, IF CLIENT HAS PRE-PAID ANY FEES FOR THE RECEIPT OF THE TERMINATED PRODUCT OR SERVICE IN RESPECT OF ANY PERIOD FOLLOWING THE TERMINATION DATE, CLARIVATE’S SOLE LIABILITY TO CLIENT IN RESPECT OF SUCH TERMINATION SHALL BE TO REFUND THE FEES ALLOCABLE TO THAT PRODUCT OR SERVICE FOR THE PERIOD FOLLOWING TERMINATION.
12.6 This Clause 12 and clauses 1, 4, 6, 7, 9, 10, 11, and 13 will survive termination or expiration of...
Term Termination and Consequences of Termination. 5.1 This contract shall take effect on the date of its signature by both parties or, if signatures do not occur simultaneously, when the latest signature is given. Unless sooner terminated pursuant to Articles 5.2 or 5.3, this contract shall continue for a period of [specify – to be in line with Article 1.
5.2 The Supplier may forthwith terminate this contract by giving written notice to the Client, if the latter fails to pay any sum payable by it under this contract within 7 [specify any other figure] days of the due date for payment.
5.3 Either party may (without limiting any other remedy) at any time terminate the contract by giving written notice to the other if the other commits any breach of this contract and (if capable of remedy) fails to remedy the breach within 10 [specify any other figure – note that some countries may impose longer deadlines] days after being required by written notice to do so, or if the other goes into liquidation, becomes bankrupt, makes a voluntary arrangement with its creditors or has a receiver or administrator appointed. For the purposes of the present sub-clause, a breach of any provision of this contract shall be considered capable of remedy if the party in breach can comply with the provision in question in all respects other than as to the time of performance [check that this clause is valid under the laws applicable to the contract, and the laws of any country where enforcement of this contract may be sought].
5.4 The termination of this contract for any reason shall not affect:
5.4.1 Either party’s accrued rights, remedies or liabilities including payments due at the effective date of termination; or
5.4.2 The coming into force or the continuance in force of any provision of this contract which is expressly or by implication intended to come into or continue in force on or after termination.
Term Termination and Consequences of Termination a) This Agreement is effective as of the date received by the Client and will continue in effect until terminated by either party at any time, with or without cause, upon thirty (30) days’ prior written notice to the other party in accordance with the notice provisions in clause 15. Termination of individual Electronic Services (or any part thereof) is set out in paragraph 1 of Schedule D.
b) Regardless of any other provision in this Agreement, Instinet has the right to suspend the Investment Services (or any part of it) at any time or terminate this Agreement with or without notice to the Client, and in any case without liability to the Client if:
(i) the Client materially breaches this Agreement or breaches any of the representations set out in clauses 3.g) or 3.i);
(ii) the Client has breached, or is about to breach any Applicable Rule;
(iii) the Client has made or furnished any false or misleading documents, representations or certifications in connection with this Agreement;
(iv) the Client has suffered an Insolvency Event or is likely to suffer an Insolvency Event or is no longer permitted or licensed to carry out relevant regulated activities contemplated by this Agreement;
(v) investigations are being conducted by a Competent Authority or Execution Venue into the Client or its trading in securities;
(vi) the Client is not using the Investment Services in a manner consistent with the terms of this Agreement;
(vii) the Client is in default on any payment to Instinet for more than thirty (30) days from the date of the invoice;
(viii) there has been no activity on a Client’s account for twelve (12) months or more; or
(ix) the Client poses a credit risk to Instinet or any Affiliated Company (as determined by Instinet in its sole discretion) and/or the Client’s credit approval has been denied or revoked for any reason.
c) The Client shall notify Instinet promptly in writing of:
(i) any communication from any Competent Authority or Execution Venue the effect of which is that the Client must cease to conduct any or all regulated business;
(ii) the occurrence of any Insolvency Event or if an Insolvency Event is likely to occur; or
(iii) if the Client is no longer permitted or licensed to carry out relevant regulated activities contemplated by this Agreement.
d) Without prejudice to clause 10 below, and if applicable, also without prejudice to the terms of Schedule G, the termination of this Agreement does not affect any outstanding Orders or Transactions, o...
Term Termination and Consequences of Termination. 1. This Agreement shall be valid for a period of 5 years commencing from (“Term”), after which the Parties agree that the agreement will stand automatically renewed for the original term unless either party informs the other party with reason in writing to discontinue the agreement 60 days before the end of the initial term
2. Also, this agreement shall be valid for Audio Streaming, CRBT & ▇▇▇ Platform a period of 10 Years commencing from date of Signed Agreement.
3. BELLI MUSIC will provide Sound Claim & Audio Platform Report as per below Example,
4. BELLI MUSIC have right to publish your Audio on Audio Streaming Platform on bellow Platform.
1) Gaana 11) Netease Cloud 21) Deezer 31) Napster
2) SaavnJio Music 12) Yandex Music 22) 24x7 Music 32) Qobuz 3) Raaga Music 13) United Media 23) Thumb play 33) Tidal 4) Wynk Music 14) iHeartRadio 24) Joox 34) Zvooq 5) Hungama Music 15) QQ Music 25) Mondia Media 35) Another Streaming (If Any New Platform Active) 6) iTunes 16) Tesla Music 26) Music Me
Term Termination and Consequences of Termination. 13.1 Unless otherwise extended with mutual consent by both the Parties in writing or terminated in accordance with Clause 13.2 or Clause 13.3 below, this MoU is valid for a period of 1 (One) year from March , 2025 ("Effective Date”) (“Term”) which shall be further extendable as may be mutually decided by the Parties.
13.2 Notwithstanding any other provision of this Agreement, either Party shall have the right to terminate this MoU by giving 30 (Thirty) days prior written notice to the other Party concerned, under the following circumstances:
13.2.1 if the other Party is in breach of any of the Applicable Laws under which it is governed; or
13.2.2 if the other Party becomes insolvent or a receiver is appointed in respect of its properties; or
13.2.3 if the other Party commits a breach of any provision of this MoU, which is not remedied within a period of 30 (Thirty) days of receipt of written notice by the Party committing breach; or
13.2.4 any representation or warranty contained herein turns out to be false or misleading in any material respect as of the date on which it is made or deemed to have been made.
13.3 Notwithstanding any other provision of this MoU, either Party shall have the right to terminate this MoU by giving 30 (Thirty) days prior written notice to the other Party.
13.4 Any termination of this MoU by either Party shall be without prejudice to any accrued rights and liabilities herein and any responsibilities expressed to continue or take effect after termination.
13.5 Upon termination of this MoU for whatever reason, either Party shall immediately return or destroy all information/ documents obtained under this MoU within 07 (Seven) days without any delay or limitation and any information shared for an opportunity will be subject to the terms of this MoU.
Term Termination and Consequences of Termination a) This Agreement is effective as of the Effective Date and will continue in effect until terminated by either party at any time upon thirty (30) days’ prior written notice to the other party in accordance with the notice provisions in clause 15 . The right of either party to terminate this Agreement for cause and without notice remains unaffected. Such a cause for the termination of this Agreement is given in particular, if (i) either party materially breaches this Agreement or the Client breaches any of the representations set out in clause 3.g); or
Term Termination and Consequences of Termination. 6.1 This License Agreement is entered into starting from the date the Customer downloads, activates and/or first uses the Software. The term of the License is equal to the term indicated in the Offer; if no such term is indicated, this License Agreement is entered into for a one (1) year period for a Subscription License and for a three (3) years period for a Perpetual License.
6.2 Upon expiration this License Agreement will automatically be renewed each time for a one (1) year period, unless the agreement is terminated by written notice by either party (which also includes e-mail). In this respect the Customer will take into account a notice period of a minimum of one (1) month prior to the expiration date. Fellowmind will take into account a notice period of three (3) months prior to the expiration date.
6.3 In case the Customer purchases a ‘trial version’-License, this License will expire 30 days after the first day of use of the License. At the termination of this ‘trial version’-License, there will be no obligation to purchase and/or to grant an (actual) License to the Customer.
6.4 Notwithstanding any provision under Dutch law, Fellowmind is allowed to terminate this Agreement with immediate effect in writing in the event: (a) Customer becomes bankrupt or insolvent and/or if the business of Customer is placed in the hands of a receiver, assignee or trustee, whether by voluntary act of Customer or otherwise; or (b) Customer enters into liquidation or shall enter into an arrangement or composition with its creditors; or (c) Customer fails to perform its obligations under this agreement.
6.5 Fellowmind may adjust prices, availability levels, or other terms and conditions in order to meet its fiduciary and operational obligations when any term is being renewed.
6.6 Upon termination - on whatever grounds and for whatever cause - all rights granted to Customer under this License Agreement will expire automatically and – in the event of local installation - Customer will be obliged to remove or destroy the Software and Documentation from its system(s). All fees paid by the (previous) Customer remain due and payable.
6.7 Furthermore, upon termination of this License Agreement Fellowmind will (a) return Customer’s data (including personal data) in a generally accepted file format or (b) - if so instructed by the Customer - the erasure of the data concerned. Unless agreed upon otherwise, Fellowmind will not have any further obligations such as but not limited ...
Term Termination and Consequences of Termination. 6.1 This agreement shall commence on the date of this agreement and shall continue, unless terminated earlier in accordance with clause 6.2 until either party gives to the other party 20 Business Days' notice to terminate.
6.2 Without affecting any other right or remedy available to it, either party (the First Party) may terminate this agreement with immediate effect by giving written notice to the other party (the Second Party) if the Second Party commits a material breach of this agreement and (if such a breach is remediable) fails to remedy that breach within 15 Business Days of receipt of notice in writing to do so.
6.3 Any provision of this agreement that expressly or by implication is intended to come into or continue in force on or after termination or expiry of this agreement shall remain in full force and effect including clauses 2.2, 3.7, 4, 5, this clause 6.3 and clause 6.4 and clauses 7 to 13 (inclusive).
6.4 Termination or expiry of this agreement shall not affect any rights, remedies, obligations or liabilities of the parties that have accrued up to the date of termination or expiry, including the right to claim damages in respect of any breach of the agreement which existed at or before the date of termination or expiry.