Terminating the Relationship Sample Clauses

Terminating the Relationship. Either the Bank or the Dealer may terminate this Agreement without cause by giving ten (10) days written notice to the other of the intent to terminate. The Bank may terminate this Agreement on notice to Dealer upon the occurrence of any of the following events: a. Dealer shall fail to make any payment when due to the Bank under the terms of this Agreement, the Security Agreement, the Other Documents, or any other agreements between Dealer and the Bank. b. Any representation or warranty made by Dealer under this Agreement, the Security Agreement or Other Documents, or any other agreements between Dealer and the Bank shall prove to be incorrect when made or reaffirmed. c. Dealer shall fail to perform or observe any other term, covenant or condition contained in this Agreement, the Security Agreement, the Other Documents, or any other agreements between the Dealer and the Bank. d. Any default including but not limited to any payment default, occurring under any agreement or instrument relating to any indebtedness or obligation of Dealer to any person, corporation or other entity, other than the Banl~ and such default shall continue after the applicable grace period, if any, specified in such agreement or instrument. e. Dealer shall generally not pay its debts as such debts become due or shall admit in writing its inability to pay its debts generally, or shall make a general assignment for the benefit of creditors or any proceeding shall be instituted by or against Dealer under any bankruptcy or insolvency law, or any proceeding shall be instituted by or against Dealer seeking liquidation, winding up, reorganization, arrangement, adjustment, protection, relief, or a composition of Dealer or its debts under any law relating to bankruptcy, insolvency, reorganization or relief of debtors or seeking the entry of an order for relief or the appointment of a receiver, trustee, or other similar official for it or for any substantial part of its property, or the Dealer shall take any action to authorize any of the actions set forth above in this section. f. A material adverse change in the Dealer's financial condition or operations which occurs after the date of this Agreement. No termination of this Agreement will affect the rights, interests or obligations of either party hereto which accrued or existed prior to such termination. The Dealer hereby waives any claim against the Bank for consequential or punitive damages arising from any act or admission of the Bank un...
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Related to Terminating the Relationship

  • INDEPENDENT RELATIONSHIP This Agreement is not intended to constitute, create, give effect to or otherwise recognize a joint venture, partnership, or formal business organization, or agency agreement of any kind, and the rights and obligations of the Parties shall be only those expressly set forth herein.

  • Termination of Relationship If Optionee terminates Continuous Status as an Employee or Consultant for any reason, Optionee may exercise this Option during the Termination Period set out in the Notice of Grant, to the extent the Option was vested at the date of such termination. To the extent that Optionee was not vested in this Option at the date on which Optionee terminates Continuous Status as an Employee or Consultant, or if Optionee does not exercise this Option within the time specified herein, the Option shall terminate.

  • Nature of the Relationship Nothing in this Agreement shall be construed to create a partnership, joint venture, employment, or agency relationship. The Company is agreeing only to provide Client with access to the Program, which provides education and information. The information contained in the Program, including any interactions with the instructors, is not intended as, and shall not be understood or construed as, professional advice.

  • No Employment Relationship Whether or not any Options are to be granted under this Plan shall be exclusively within the discretion of the Plan Administrator, and nothing contained in this Plan shall be construed as giving any person any right to participate under this Plan. The grant of an Option shall in no way constitute any form of agreement or understanding binding on the Company or any Related Company, express or implied, that the Company or any Related Company will employ or contract with an Optionee, for any length of time, nor shall it interfere in any way with the Company’s or, where applicable, a Related Company’s right to terminate Optionee’s employment at any time, which right is hereby reserved.

  • Employment Relationship Employment with the Company is for no specific period of time. Your employment with the Company will be “at will,” meaning that either you or the Company may terminate your employment at any time and for any reason, with or without cause. Any contrary representations that may have been made to you are superseded by this letter agreement. This is the full and complete agreement between you and the Company on this term. Although your job duties, title, compensation and benefits, as well as the Company’s personnel policies and procedures, may change from time to time, the “at will” nature of your employment may only be changed in an express written agreement signed by you and a duly authorized officer of the Company (other than you).