Term Termination and Effects of Termination Clause Samples
Term Termination and Effects of Termination. (a) The term of this Agreement shall begin on the date hereof and continue until the earlier of (i) the twelve (12) month anniversary of the Closing Date and (ii) with respect to a given Service, the last date of such Service as set forth on Exhibit A.
(b) In the event that (i) there is nonperformance of any Service as a result of an event described in Section 11(a), (ii) the provision of a Service would violate applicable Law, (iii) the Service Provider cannot obtain all Authorizations necessary for the provision of a Service, or (iv) the provision of a Service is materially affected by an unexpected information technology risk, including, but not limited to, complete system shutdown or disruptions, the Parties shall cooperate with each other in good faith to achieve a reasonable arrangement in order to permit the Service Recipient to continue to receive the affected Service. All costs for any such alternative arrangement shall be borne by the Service Recipient; provided that the Parties shall discuss in good faith a reduction in the Charges payable by the Service Recipient in respect of the affected Service during the period in which any such alternative arrangement is in place.
(c) One or more Services may be terminated prior to the expiration of the applicable term of this Agreement with respect to such Service upon the mutual written agreement of the Parties.
(d) The Company may terminate any Service on at least thirty (30) days’ written notice to HCAG; provided that, except as set forth in Section 10(b), to the extent a Service proposed to be terminated is bundled with one or more other Services as set forth on Exhibit A, then all of such Services must be terminated together.
(e) HCAG may terminate this Agreement with immediate effect by written notice to the Company on or at any time after (i) the Service Recipient has failed to pay any amount due to the Service Provider pursuant to Section 3 for a period of not less than sixty (60) days from the date such amount becomes due, (ii) in the event of a Change of Control of any of the Company or the UK Companies, or (iii) (A) the Company passes a resolution for winding up or a court of competent jurisdiction makes an order for winding up or dissolution of the Company, (B) the making of an administration order in relation to the Company or the appointment of a receiver over, or an encumbrancer taking possession of or selling, an asset of the Company, (C) the Company makes an application to a court of comp...
Term Termination and Effects of Termination. (a) This Agreement shall become legally binding and effective immediately upon the Effective Date and this Agreement and the Executive's employment shall continue for five (5) years, unless earlier terminated as provided herein. The word "Term" shall refer to the period of the Executive's employment under this Agreement.
Term Termination and Effects of Termination. 22.1. This Agreement shall remain in force from its Commencement Date until terminated by either Party by written notice to the other not less than ninety (90) days.
22.2. Notwithstanding the provisions of 22.1, this Agreement may also be terminated immediately by a Party :
a) If the other Party (the “Defaulting Party”) is in breach of any of its obligations under this Agreement and fails to remedy the breach (if capable of remedy) within a period of 14 days. If a resolution is passed or an order is made for the winding up of the Defaulting Party (otherwise than for the purpose of solvent amalgamation or reconstruction) or if the Defaulting Party becomes subject to an administration order or a receiver or administrative receiver is appointed over the Defaulting Party’s assets or business, or an encumbrancer takes possession of the Defaulting Party’s property/ equipment.
22.3. Upon termination, any amount standing in Your Account shall be dealt with in accordance with the terms of the Trust Deed.
22.4. Any termination of this Agreement under this clause will be without prejudice to any other rights or remedies of either Party under this Agreement or at law and will not affect any accrued rights or liabilities of either Party at the date of termination.
Term Termination and Effects of Termination. 13.1. This Agreement shall be in force from Effective Date and shall remain in force unless terminated by either Party in accordance with the provisions of this Agreement. Provided however the term of this Agreement shall not take effect till such time the documents, applications, details, information (Collectively referred to as “Documents”) provided by the Entity to One97 are processed and approved by One97 and intimation to that effect has been provided to the Entity by One97 (either through Email or by any other electronic mode of communication) within fifteen (15) days of Entity submitting the said Documents either electronically or otherwise.
13.2. Either Party can terminate this Agreement for any reason whatsoever by providing an prior written notice of thirty (30) days in writing to the other party.
13.3. Notwithstanding anything contained in this Agreement, either Party may forthwith terminate this Agreement under any one or more of the following conditions:
a. In the event of default of performance of any of the obligations by the Party under this Agreement or the services provided herein being in contravention of any regulatory requirements or law, as may be applicable from time to time, or industry practice, or under the circumstances which would amount to objectionable service;
b. If a petition for insolvency is filed against the other Party and such petition is not dismissed within ninety (90) days after filing and/or if the other Party makes an arrangement for the benefit of its creditors or, if the court receiver is appointed as receiver of all/any of properties of the other Party.
13.4. Notwithstanding anything contained herein if One97 has reasonable ground to believe that the Entity has breached terms of this Agreement including but not limited to selling any Prohibited Items as per Schedule C, or is in receipt of complaint that Entity is indulging in the unlawful, illegal, fraudulent, misleading, unfair practices, malpractices, One97 shall have right to suspend the services and/or terminate this Agreement forthwith without giving any prior written notice.
13.5. It is hereby agreed and understood by the Parties that the provisions of this Clause shall not limit or restrict nor shall they preclude any Party from pursuing such further and other legal actions, against the other Party for any breach or non-compliance of the terms of this Agreement.
13.6. The termination of this Agreement shall not affect the rights or liabilities of either P...
Term Termination and Effects of Termination. Term: This Agreement may be terminated by the ▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇ in the event: o Business Associate fails to make payment of the agreed amount, by giving 48 hours written notice;
Term Termination and Effects of Termination. (a) This Agreement shall be valid for the Term. If the Parties agree to extend the Term, a new agreement shall be executed upon mutually agreeable terms and conditions.
(b) This Agreement will stand automatically terminated in the event of:
(i) either Party’s insolvency, bankruptcy, liquidation, dissolution, winding up, assignment to the benefit of its creditors, appointment of a receiver; or
(ii) suspension, cancellation or revocation of the requisite approvals, licenses, authorizations and permits of either Party from the concerned governmental or regulatory bodies, that are necessary for the purposes of this Agreement.
(iii) if the monthly subscription for that channel is less than 5% (Five percent) of the monthly average active subscriber base of Delinet in the target market, in each of the immediately preceding 6 (six) consecutive months.
(c) Delinet shall have the right to terminate this Agreement if the Broadcaster fails to make timely payment of any Carriage Fee and such non-payment continues even after expiry of Due date of payment as mentioned in the invoice.
(d) In the event of termination of the Agreement by Delinet, Delinet shall stop carrying the Channel(s) on Delinet’s Cable Television Networks and/or IPTV and also seize the integrated receiver decoders/professional integrated receiver decoders, CAM Modules, viewing cards/smart cards and remotes of the Channel(s) (“Equipment”) of the Channel(s) until such time as due payment is made by Broadcaster along with late payment interest fee calculated at 24% (twenty four percent) per annum for the period of delay in payment. Additionally, Delinet shall have the right to initiate applicable legal proceedings against the Broadcaster for, inter alia, recovery of the due amount and any other equitable remedy that may be available to Delinet.
Term Termination and Effects of Termination. 14.1. This Agreement enters into force on the date the Customer creates the Account.
14.2. Where the Customer is paying the Subscription Fee by credit card, either Party may terminate the Agreement at any time by the end of a month subject to 30 days’ written notice.
14.3. Where the Customer is paying the Subscription Fee by invoice in accordance with Section 8.4, either Party may terminate the Agreement at any time by giving 12 months’ prior written notice to the other Party.
14.4. In the following situations, the Supplier may, without notice and without liability, terminate and discontinue the Customer’s access to the Software and the Customer’s Account, including any associated Sub-accounts:
a) the Customer violates the T&Cs;
b) upon a request by the police, prosecutor or other public authorities;
c) upon the Customer’s own request; or
d) the Customer fails to pay the Subscription Fee in advance for two consecutive months.
14.5. If the Customer’s access to the Software and/or the Account, with associated Sub-accounts, is interrupted pursuant to section 14.2, the Supplier is entitled to:
a) delete the Customer’s Account and associated Sub-accounts and discontinue the Customer’s access to the Software and any information, features and other data associated with the Account;
b) delete the Customer’s password and retain all related information, files and content associated with or within the Customer’s Account and associated Sub-accounts (or parts thereof); and
c) actively prevent the Customer’s access to the Software in the future, either through an alternative account or otherwise.
14.6. Upon termination of an Account, regardless of whether the Customer or the Supplier terminates the account, the associated Sub-accounts will also be terminated.
14.7. The Supplier is not liable to the Customer or any third party for consequences of termination pursuant to sections 14.2, 14.3 and 14.4, including information within or associated with the Customer’s Account or Sub-accounts, or for any loss or damage of any kind as a result of such termination. As a result, the Customer is obliged to indemnify the Supplier for any claims made by third parties in connection with the termination.
Term Termination and Effects of Termination. This Agreement shall continue for one (1) year unless sooner terminated at any time, upon sixty (60) days written notice, for any reason, or for no reason at all, by either the Company or the Employee. In the event that Company either fails to pay the Employee as defined in Section 3 or does not maintain a directors and officers insurance policy with coverage (amount and scope) equal to or better than the policy that was in place as of the date of this agreement, Employee may at his sole discretion terminate this agreement immediately. In the event that Employee fails to perform any obligation due to Company hereunder and Employee fails to cure such breach within ten days following written notice from Company of such failure, Company may terminate this Agreement immediately. In the event this Agreement shall not have been terminated by each anniversary of the execution hereof, it shall be automatically renewed for another year, subject to the same termination rights as are set forth in the first sentence of this Section. Subject to offsets for amounts, if any, due to the Company from the Employee, upon the termination, by the Employee or the Company, voluntarily or involuntarily, the Company shall, on the next regular Company payday, pay to the Employee all base pay, bonus, as set forth above, and benefits that have been earned and are due as of the date of termination.
Term Termination and Effects of Termination. This Agreement shall continue for one (1) year unless sooner terminated at any time, upon sixty (60) days written notice, for any reason, or for no reason at all, by either the Company or the Employee. In the event this Agreement shall not have been terminated by each anniversary of the execution hereof, it shall be automatically renewed for another year, subject to the same termination rights as are set forth in the first sentence of this Section. Subject to offsets for amounts, if any, due to the Company from the Employee, upon the termination, by the Employee or the Company, voluntarily or involuntarily, the Company shall, on the next regular Company payday, pay to the Employee all base pay, bonus, as set forth above, and benefits that have been earned and are due as of the date of termination.
Term Termination and Effects of Termination. 7.1 The Term of this Agreement shall commence on the date of execution of the contract and shall continue until terminated by either party giving the other 30 days written notice.