Termination at Long Stop Date Sample Clauses

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Termination at Long Stop Date. 4.8.1 Without prejudice to the provisions of Article 4.5 and 4.6 above and subject to Article 9, in the event the Conditions Precedent as specified hereinabove are not fulfilled by either Party, for any reason whatsoever on or prior to the expiry of 200 (Two Hundred) days from the Appointed Date, then unless waived by the non-defaulting Party, the Agreement shall be deemed to have been terminated by mutual agreement of the Parties. 4.8.2 In the event of termination of Agreement is due to non fulfillment of Conditions Precedent of Authority, then all payments made by the Developer towards the Lease Premium and/ or the Annual Lease Rent, if any shall be returned by Authority to the Developer, with simple interest @ 8% (eight percent) per annum calculated from the date of receipt of respective payments by the Authority. In the event the termination of Agreement is due to non fulfillment of Conditions Precedent of Developer, the Performance Guarantees and Security Deposit, shall be encashed and appropriated by the Authority as liquidated damages thereof.
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Termination at Long Stop Date. 4.7.1 Without prejudice to the provisions of Article 4.4, 4.5 and 4.6 above and subject to Article 9, in the event the Conditions Precedent as specified hereinabove are not fulfilled by the Concessionaire for any reason whatsoever on or prior to the expiry of 180 (One Hundred and Eighty) days from the Agreement Date, then unless waived by Maha-Metro, the Concession Agreement shall be terminated by mutual agreement of the Parties. 4.7.2 In the event the termination of the Concession Agreement is due to non-fulfilment of Conditions Precedent of Concessionaire within a period stated in Clause 4.7.1 above, the Bid Security and/or Performance Security deposited by the Concessionaire shall be forfeited by Maha-Metro as liquidated damages thereof. 4.7.3 In the event of termination of Agreement is due to non-fulfilment of Conditions Precedent of Maha-Metro, then all payments made by the Concessionaire towards the Upfront Premium and Annual Concession Fees along with the Performance Security, if any shall be returned by Maha-Metro to the Concessionaire. 4.7.4 A simple interest @ 6% (Six percent) per annum shall be paid by Maha-Metro and shall be calculated from the date of receipt of respective payments by Maha-Metro.
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Termination at Long Stop Date. In the event of the Condition not being satisfied on or before the Long Stop Date, all rights and obligations of the parties under this Agreement (except under Clauses 9 (Confidentiality and announcements), 10 (Costs) and 20 (Governing law and jurisdiction)) shall terminate and no party shall have any claim against the other, but without prejudice to the accrued rights and obligations of the parties before that termination.
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Related to Termination at Long Stop Date

  • Termination at Will This Agreement may be terminated by the OAG for any reason upon five days written notice via certified U.S. mail, hand delivery, or email to the Provider to the physical or email address provided by the Provider in the application.

  • Termination Event; Notice The Purchase Contracts and all obligations and rights of the Company and the Holders thereunder, including, without limitation, the rights of the Holders to receive and the obligation of the Company to pay any Contract Adjustment Payments or any Deferred Contract Adjustment Payments, and the rights and obligations of the Holders to purchase shares of Common Stock, will immediately and automatically terminate, without the necessity of any notice or action by any Holder, the Purchase Contract Agent or the Company, if, on or prior to the Purchase Contract Settlement Date, a Termination Event shall have occurred. Upon the occurrence of a Termination Event, the Company shall promptly but in no event later than two Business Days thereafter give written notice thereof to the Purchase Contract Agent, the Collateral Agent, and to the Holders at their addresses as they appear in the Security Register. Upon and after the occurrence of a Termination Event, the Units shall thereafter represent the right to receive the Debentures underlying the Applicable Ownership Interest in Debentures or the Applicable Ownership Interest in the Treasury Portfolio, as the case may be, forming a part of such Units in the case of Corporate Units, or Treasury Securities in the case of Treasury Units, in accordance with the provisions of Section 4.3 of the Pledge Agreement.

  • Commitment Termination Date the earliest to occur of (a) the Revolver Termination Date; (b) the date on which Borrowers terminate the Revolver Commitments pursuant to Section 2.1.4; or (c) the date on which the Revolver Commitments are terminated pursuant to Section 11.2.

  • Termination Period This Option shall be exercisable for three (3) months after Participant ceases to be a Service Provider, unless such termination is due to Participant’s death or Disability, in which case this Option shall be exercisable for twelve (12) months after Participant ceases to be a Service Provider. Notwithstanding the foregoing sentence, in no event may this Option be exercised after the Term/Expiration Date as provided above and this Option may be subject to earlier termination as provided in Section 13 of the Plan.

  • Termination Notice If either Party, having become entitled to do so, decides to terminate this Agreement pursuant to the preceding Clause 8.2 (a) (i) or 8.2 (a) (ii), it shall issue Termination Notice setting out: (i) in sufficient detail the underlying Force Majeure Event; (ii) the Termination Date which shall be a date occurring not earlier than 60 (sixty) days from the date of Termination Notice; (iii) the estimated Termination Payment including the details of computation thereof and; (iv) any other relevant information.