Termination following failure to reinstate Sample Clauses

Termination following failure to reinstate. On expiry of a notice to terminate following failure to reinstate, the Term is to cease absolutely but without prejudice to any rights or remedies that may have accrued to either party and all money received in respect of the insurance effected by the Head Landlord pursuant to the Headlease is to belong to the Head Landlord absolutely.
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Termination following failure to reinstate. On service of a notice to terminate following failure to reinstate, the Term is to cease absolutely but without prejudice to any rights or remedies that may have ac- crued and all money received in respect of the insurance effected by the Landlord pursuant to this Lease other than that in respect of loss of the Rent is to be appor- tioned between and paid to the Landlord and the Tenant proportionately to the market values, as between a willing vendor and a willing purchaser in the market with other willing vendors and purchasers, of their respective interests in the Prem- ises immediately before the date of the damage or destruction. If the Landlord and the Tenant fail to agree on the apportionment within 3 months of the date on which this Lease is determined by a notice to terminate following failure to reinstate, an independent valuer must be appointed, either by agreement between the Landlord and the Tenant or, in default of agreement, by the President for the time being of the Royal Institution of Chartered Surveyors or his deputy or anyone nominated by him to make appointments on his behalf. The independent valuer so appointed is to act as an expert and not as an arbitrator, and must determine the market values re- ferred to in this clause.
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Termination following failure to reinstate in the event that notice to terminate the Headlease is served by the Landlord or the Head Landlord under the provisions of clause 7.3(c) or clause 7.5 or clause 7.6 of the Headlease then the Landlord may serve notice to terminate this Lease to take effect on or before the day that the Headlease terminates, provided that:
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Related to Termination following failure to reinstate

  • Termination; Reinstatement This Guaranty is a continuing and irrevocable guaranty of all Obligations now or hereafter existing and shall remain in full force and effect until all Obligations and any other amounts payable under this Guaranty are indefeasibly paid in full in cash and the Commitments and the Facilities with respect to the Obligations are terminated. Notwithstanding the foregoing, this Guaranty shall continue in full force and effect or be revived, as the case may be, if any payment by or on behalf of the Borrower or any Guarantor is made, or any of the Secured Parties exercises its right of setoff, in respect of the Obligations and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by any of the Secured Parties in their discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Laws or otherwise, all as if such payment had not been made or such setoff had not occurred and whether or not the Secured Parties are in possession of or have released this Guaranty and regardless of any prior revocation, rescission, termination or reduction. The obligations of each Guarantor under the preceding sentence shall survive termination of this Guaranty.

  • Right to Terminate Following Event of Default If at any time an Event of Default with respect to a party (the “Defaulting Party”) has occurred and is then continuing, the other party (the “Non-defaulting Party”) may, by not more than 20 days notice to the Defaulting Party specifying the relevant Event of Default, designate a day not earlier than the day such notice is effective as an Early Termination Date in respect of all outstanding Transactions. If, however, “Automatic Early Termination” is specified in the Schedule as applying to a party, then an Early Termination Date in respect of all outstanding Transactions will occur immediately upon the occurrence with respect to such party of an Event of Default specified in Section 5(a)(vii)(1), (3), (5), (6) or, to the extent analogous thereto, (8), and as of the time immediately preceding the institution of the relevant proceeding or the presentation of the relevant petition upon the occurrence with respect to such party of an Event of Default specified in Section 5(a)(vii)(4) or, to the extent analogous thereto, (8).

  • Amendments; Termination Any provision of this Agreement may be amended or waived if, and only if, such amendment or waiver is in writing and is signed, in the case of an amendment, by each party to this Agreement or in the case of a waiver, by the party against whom the waiver is to be effective. This Agreement shall terminate on the earlier to occur of the consummation of the Merger and the date which is 18 months after the date hereof.

  • Right to Terminate Following Termination Event Sections 6(b)(ii)-(iv) are deleted in their entirety and replaced by the following:

  • Obligations Following Termination If a Non-Defaulting Party terminates this Agreement pursuant to this Section 13(b), then following such termination, Seller shall, at the sole cost and expense of the Defaulting Party, remove the equipment (except for mounting pads and support structures) constituting the System. The Non-Defaulting Party shall take all commercially reasonable efforts to mitigate its damages as the result of a Default Event.