Termination Effective Date Sample Clauses

Termination Effective Date. The Employee’s employment may be terminated by either the Company or the Employee in accordance with applicable law. This Agreement shall be in effect commencing on the date of the Agreement and, except as expressly provided

Termination Effective Date. This agreement will be effective when executed by Purchaser, will continue in full force and effect for one (1) year thereafter, and shall be further annually extended automatically unless Seller shall have given Purchaser written notice of its intention to terminate at least sixty (60) days prior to each such anniversary, whereupon this agreement shall terminate on said anniversary. The Early Termination Penalty shall only apply during the inaugural contract period.

Termination Effective Date. If HMR terminates this Agreement pursuant to this Section 9.2, the Parties shall continue to perform their obligations under this Agreement pending the winding down of operations on the Termination Effective Date (other than with respect to the European Rights as provided in this Section 9.2). Upon the Termination Effective Date: [*#*]CONFIDENTIAL TREATMENT REQUESTED (a) all licenses and rights of Myogen to HMR Patents and HMR Know- how hereunder shall terminate in their entirety with respect to Enoximone and Product except with respect to the European Rights as provided in this Section 9.2; (b) all HMR Confidential Information and HMR Data shall be returned to HMR (except with respect to the European Rights as provided in this Section 9.2), except Myogen may retain one copy of such information solely for legal archive purposes; (c) Myogen shall transfer to HMR all INDs, Drug Approval Applications and Regulatory Approvals related to Enoximone and Product(s) and shall take such other actions and execute such other instruments, assignments and documents as may be necessary to effect the transfer of such rights hereunder to HMR (except with respect to the European Rights as provided in this Section 9.2); and (d) all Confidential Information of Myogen, excluding that information transferred pursuant to Article 9.2 (c) above, shall be promptly destroyed by HMR and HMR shall certify to Myogen such destruction, except HMR may retain one copy of such information solely for legal archive purposes. (e) Myogen shall return to HMR or destroy, at HMR's discretion, any unused Enoximone obtained from HMR pursuant to Article 3.7 at its own expense provided, however, that in the event Myogen retains the European Rights, as provided in this Section 9.2, Myogen shall not be obligated to return any unused Enoximone.

Termination Effective Date. 21.1. Subject to the Early Termination Fee, this Agreement will be effective on the date it is signed by the Parties, shall continue for the Term, and shall be automatically extended for successive Terms unless Borrower shall provide 60 days prior written notice to Lender of its intention to terminate whereupon this Agreement shall terminate on the date set forth in said notice (an “Early Termination Date”) upon successful repayment of all outstanding Obligations. 21.2. Lender may terminate this Agreement and demand immediate payment of all outstanding Obligations at any time and for any reason.

Termination Effective Date. 19.1 This Agreement will be effective on the date indicated in the introduction to this Agreement, shall continue for the Term, and may be extended for successive Terms upon mutual written agreement by both parties unless Seller issues, at any time, a written notice to terminate prior to 60 days before the Term (an "Early Termination Date"). 19.2 Either Seller or Purchaser may voluntarily terminate the Factoring Facility with sixty (60) days prior written notice. Seller shall pay a break-up fee of 5% of the Facility Amount if the Seller terminates during the first six (6) months after closing. However, Seller may terminate the agreement for cause (if Purchaser does not advance funds to Seller in a timely manner or fails to pay excess from the Reserve Account as detailed in this Agreement) without incurring the break-up fee. 19.3 Purchaser may terminate this Agreement by giving Seller at least sixty day's (60) prior written notice of termination, whereupon this Agreement shall terminate on the earlier date of the date of termination or the end of the then current Term. 19.4 Upon termination, Seller shall pay the Obligations to Purchaser and Purchaser shall thereafter have no duty to purchase any Accounts from Seller. Notwithstanding termination, until Complete Termination, Seller shall remain obligated to tender all Accounts to Purchaser notwithstanding that Purchaser may thereafter determine that no Account qualifies as an Eligible Account.

Termination Effective Date. 16.1 This Agreement shall take effect on the Effective Date set forth on the signature page hereto and shall remain in full force for a period of twelve (12) months (the “Initial Term”). The Agreement shall be automatically extended and renewed for successive one (1) year periods following the Initial Term unless notice of non-renewal is provided by the Seller as hereinafter provided (each such one (1) year period, a “Renewal Term”). Notice of non-renewal under this Agreement must be in writing and delivered to Purchaser by Seller not less than ninety (90) days prior to the conclusion of the Initial Term or any Renewal Term. 16.2 This Agreement may be terminated: by Purchaser at anytime upon ninety (90) days prior written notice of termination to Seller, or, without notice by Purchaser if an Event of Default shall occur. 16.3 Upon the effective date of termination all Obligations of Seller to Purchaser shall become immediately due and payable without further notice or demand irrespective of any maturity dates established prior thereto, and Seller shall be obligated to satisfy all Obligations which shall include the repurchase of all Purchased Accounts as described in Section 5 for a repurchase price equal to the aggregate Obligations to Purchaser on the date of repurchase. No termination of this Agreement will in any way affect or impair any right of Purchaser arising prior thereto or by reason thereof, nor will any such termination relieve Seller of any duty to Purchaser under, nor deny Purchaser any benefit from, this Agreement or otherwise until all of Obligations have been fully discharged. In recognition of the Purchaser’s right to have its attorneys' fees and other expenses incurred in connection with this Agreement secured by the Collateral, as well as all indemnities of Seller with respect to dishonored payment items and Avoidance Claims, notwithstanding payment in full of all Obligations by Seller, Purchaser shall not be required to record any terminations or satisfactions of any of Purchaser’s liens on the Collateral unless and until Seller has executed and delivered to Purchaser a general release in the form of Exhibit A hereto. Seller understands that this provision constitutes a waiver of its rights under §9-513 of the UCC. Initials:________ Accounts Receivable Purchasing Agreement 16.4 In the event that this Agreement is terminated during an Early Termination Period, Seller will pay to Purchaser compensation equal to the total Discounts and C...

Termination Effective Date. 17.1 This Agreement will be effective when fully executed and delivered by both parties and terminate on the Maturity Date or as otherwise provided herein. 17.2 Purchaser may terminate this Agreement by giving Seller sixty days prior written notice of termination, whereupon this Agreement shall terminate on the earlier date of the date of termination or on the anniversary date hereof; provided, however, if Purchaser terminates this Agreement pursuant to this Section 17.2, Seller shall have no obligation to pay Purchaser the difference between the aggregate amount of interest which has been paid or is payable by Seller pursuant to Section 4.1 as of the date of termination and the Minimum Annual Cumulative Fee shall not be due and owing by Seller in respect of the contract year in which termination occurs. If Purchaser terminates this Agreement after an Event of Default, the Minimum Annual Cumulative Fee shall be due and owing. 17.3 Seller may terminate this Agreement at any time, subject to Seller's obligations under Section 4.2 hereof. 17.4 Upon termination, Seller shall pay the Obligations to Purchaser, and Purchaser shall not purchase any Accounts from Seller.

Termination Effective Date. 15.1 This Agreement shall become effective upon the execution and delivery hereof by Client and Meridian and shall continue in full force and effect for the Term. 15.2 Upon the Termination Date, the unpaid balance of the Obligations shall be due and payable without demand or notice.

Termination Effective Date. Any such termination shall be effective by written notice from Licensor to LICENSEE, and termination shall be effective at such time as shall be stated in the notice.