Termination due to delay Sample Clauses

The 'Termination due to delay' clause allows one party to end the contract if the other party fails to meet agreed deadlines or experiences significant delays in fulfilling their obligations. Typically, this clause outlines specific timeframes or conditions under which a delay becomes grounds for termination, such as exceeding a set number of days past a delivery date or failing to remedy a delay after receiving notice. Its core function is to protect parties from prolonged or indefinite delays, ensuring that projects or agreements can be concluded or reassigned if timely performance is not achieved.
Termination due to delay. 15.2.1 Notwithstanding anything to the contrary contained in this Agreement, in the event that COD does not occur, for any reason whatsoever, within a period of 180 (one hundred and eighty) days from the Scheduled Completion Date, unless the delay is on account of reasons solely attributable to the Authority or due to Force Majeure, the Concessioning Authority may terminate the Concession Agreement. 15.2.2 Upon Termination, the Authority shall be entitled to encash the subsisting Performance Security and appropriate the proceeds as Damages; provided, however, if COD has not occurred solely as a result of the Authority being in default of any of its obligations under ARTICLE 6, it shall, upon Termination, return the subsisting Performance Security.
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Termination due to delay. 15.2.1 Notwithstanding anything to the contrary contained in this Agreement, in the event that COD does not occur, for any reason whatsoever, within a period of 180 (one hundred and eighty) days from the Scheduled Completion Date, unless the delay is on account of reasons solely attributable to the Authority or due to Force Majeure, the Concessioning Authority may terminate the Concession Agreement.
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Termination due to delay. 13.2.1 Notwithstanding anything to the contrary contained in this Agreement, but subject to Clause 26.6.1, in the event that COD does not occur, for any reason whatsoever, within the period set forth in Clause 13.1, all rights, privileges, claims and entitlements of the Concessionaire under or arising out of this Agreement shall be deemed to have been waived by, and to have ceased with the concurrence of the Concessionaire, and the Concession Agreement shall be deemed to have been terminated by mutual agreement of the Parties.
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Termination due to delay. This Agreement may be terminated by either the Company or Parent if the Closing is not consummated by the Termination Date (provided that the right to terminate this Agreement under this Section 7.2 will not be available to any party whose failure to fulfill any obligation under this Agreement has been the cause of or resulted in the failure of the Closing to occur on or before such date).
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Termination due to delay. Buyer is entitled to terminate a Delivery Contract or Purchase Order (at Buyer’s discretion), in whole or in part, with immediate effect for any Supplier’s Delay exceeding thirty (30) calendar days. Supplier is entitled to compensation if, and only to the extent, the result of the Deliverables has a corresponding value to Buyer. Notwithstanding any agreed agreement period or notice period, Buyer is always entitled to terminate specific Delivery Contract(s), in whole or in part, with twenty (20) business days’ prior notice. Buyer shall then accordingly pay for any work performed up to the date the termination is effective to the extent the Deliverables have a corresponding value to Buyer. Buyer is entitled to terminate a Delivery Contract, in whole or in part, where Supplier, following an Acceptance Test or following Buyer´s own control of non-compliance in the Deliverables during the Control Period, has failed to cure such non-compliance regarding certain Deliverables. Buyer shall then pay for any work performed up to the date the termination becomes effective to the extent the Deliverables have a corresponding value to Buyer. ▇▇▇▇▇ is entitled to terminate this Master Agreement with immediate effect if the majority voting power or decision making power of Supplier is transferred to a third party outside the current Supplier group. Either Party is entitled to terminate this Master Agreement with immediate effect, if the other Party is declared bankrupt, has filed a voluntary petition for bankruptcy, or has a voluntary petition of bankruptcy filed against it, or has otherwise become insolvent.
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Termination due to delay. If delay in delivery caused by FCS or circumstances relating to FCS, continues for more than three (3) months, Customer may give FCS written notice of immediate termination of the Statement of Work. In such case Customer shall be entitled to a refund of any payments made for undelivered Professional Services as its sole and exclusive remedy. Customer shall not be entitled to any additional damages or other compensation as a result of Customer’s termination of the Statement of Work due to such extended delay.
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Termination due to delay. 15.2.1 Notwithstanding anything to the contrary contained in this Agreement, in the event that Construction Compliance Certificate is not issued, for any reason whatsoever, within a period of 180 (one hundred and eighty) days for items as per Clause 3.2 of Schedule 3 of this agreement and 24 (twenty four) months for items as per Clause 3.3 of Schedule 3 of this agreement, as the case may be, from the Scheduled Completion Date, unless the delay is on account of reasons solely attributable to the Authority or due to Force Majeure, the Authority may terminate the Concession Agreement.
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Related to Termination due to delay

  • Termination Due to Death If the Optionee’s employment terminates by reason of the Optionee’s death, any portion of this Stock Option outstanding on such date, to the extent exercisable on the date of death, may thereafter be exercised by the Optionee’s legal representative or legatee for a period of 12 months from the date of death or until the Expiration Date, if earlier. Any portion of this Stock Option that is not exercisable on the date of death shall terminate immediately and be of no further force or effect.

  • Termination Due to Death or Disability The expiration of one (1) year from the date of the death of the Optionee or cessation of an Optionee’s employment or contractual relationship by reason of disability (as defined in Section 5.1(g) of the Plan). If an Optionee’s employment or contractual relationship is terminated by death, any Option held by the Optionee shall be exercisable only by the person or persons to whom such Optionee’s rights under such Option shall pass by the Optionee’s will or by the laws of descent and distribution.

  • Termination Due to Disability If the Optionee’s employment terminates by reason of the Optionee’s disability (as determined by the Administrator), any portion of this Stock Option outstanding on such date shall become fully exercisable and may thereafter be exercised by the Optionee for a period of 12 months from the date of termination or until the Expiration Date, if earlier.

  • Termination due to Force Majeure 13.5.1 If the Force Majeure Event or its effects continue to be present beyond the period as specified in Article 4.5.3, either Party shall have the right to cause termination of the Agreement. In such an event, this Agreement shall terminate on the date of such Termination Notice.

  • Termination Due to Death, Disability or Retirement In the event the Optionee’s employment with the Company and all Subsidiaries is terminated by reason of death, Disability or Retirement, this Option will remain exercisable, to the extent exercisable as of the date of such termination, for a period of one year after such termination (but in no event after the Time of Termination).