Termination Notices Sample Clauses
The Termination Notices clause defines the procedures and requirements for formally notifying the other party of the intent to terminate an agreement. Typically, it specifies the acceptable methods of delivery (such as email, registered mail, or courier), the required notice period before termination becomes effective, and the information that must be included in the notice. This clause ensures that both parties are given clear, advance warning of termination, reducing the risk of disputes and providing a structured process for ending the contractual relationship.
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Termination Notices. If at any time prior to 5:00 p.m. (Eastern time) on June 21, 2016 (the “Property Approval Period”), the Title Company receives a notice from Purchaser that Purchaser has exercised its termination right under Section 5.4, the Title Company, within three (3) Business Days after the receipt of such notice, will deliver the ▇▇▇▇▇▇▇ Money Deposit to Purchaser. If at any time, except as provided in the preceding sentence, the Title Company receives a certificate of either Sellers or of Purchaser (for purposes of this Section 4.6, the “Certifying Party”) stating that: (a) the Certifying Party is entitled to receive the ▇▇▇▇▇▇▇ Money Deposit pursuant to the terms of this Agreement, and (b) a copy of the certificate was delivered as provided herein to the other party (for purposes of this Section 4.6, the “Other Party”) prior to or contemporaneously with the giving of such certificate to the Title Company, then, the Title Company shall notify the Other Party in writing of the Title Company’s receipt of such certificate. Unless the Title Company has then previously received, or receives within five (5) Business Days after such written notification to the Other Party of the Title Company’s receipt of the Certifying Party’s certificate, contrary instructions from the Other Party, the Title Company, within one (1) Business Day after the expiration of the foregoing five (5) Business Day period, will deliver the ▇▇▇▇▇▇▇ Money Deposit to the Certifying Party, and thereupon the Title Company will be discharged and released from any and all liability hereunder. If the Title Company receives contrary instructions from the Other Party within five (5) Business Days following such written notification to the Other Party of the Title Company’s receipt of said certificate, the Title Company will not so deliver the ▇▇▇▇▇▇▇ Money Deposit, but will continue to hold the same pursuant hereto, subject to Section 4.7.
Termination Notices. Any termination notice delivered by any Party shall specify the effective date of termination and, where applicable, in detail the Service or Services to be terminated.
Termination Notices. Upon termination, each employee will be given a termination notice. If they are not eligible for rehire the reasons will be stated.
Termination Notices. (a) Upon the occurrence of a GOP Event of Default or a Seller Event of Default, as the case may be, that is not cured within the applicable cure period, if any, the non-defaulting Party may, at its option, initiate termination of this Agreement by delivering a notice (a “Notice of Intent to Terminate”) of its intent to terminate this Agreement to the defaulting Party. The Notice of Intent to Terminate shall specify in reasonable detail the Seller Event of Default or the GOP Event of Default, as the case may be, giving rise to such notice.
(b) Following delivery of the Notice of Intent to Terminate, the Party in default may continue to undertake efforts to cure the Seller Event of Default or the GOP Event of Default, as the case may be, for a period of forty five (45) Days commencing on the delivery date of such notice in the case of a failure by either Party to make payments, or for a period of ninety (90) Days commencing on the delivery of such notice in the case of any other Seller Event of Default or GOP Event of Default, as the case may be, (or such longer period as the Parties may mutually agree) and if the default is cured at any time prior to the delivery of a Termination Notice in accordance with Section 14.2(c), then the non-defaulting Party shall have no right to terminate this Agreement in respect of such cured Seller Event of Default or GOP Event of Default, as the case may be.
(c) Subject to the provisions of Section 14.3 (Notice to the GOP of the Purchaser’s Default) or Section 14.4 (Notice to the Lenders of the Seller’s Default), as the case may be, upon expiration of the cure period described in Section 14.2(b) and unless the Parties shall have otherwise agreed or unless the Seller Event of Default or GOP Event of Default, as the case may be, giving rise to the Notice of Intent to Terminate shall have been remedied, the Party having given the Notice of Intent to Terminate may terminate this Agreement by delivering a Termination Notice to the other Party. This Agreement shall terminate on the date specified in the Termination Notice (“Termination Date”), which date shall not be earlier than the date that is ten (10) Business Days following the date on which the Termination Notice is delivered to the other Party or later than thirty (30) Days following the date of such delivery.
Termination Notices. In those cases where substance testing results in the termination of employment, all termination notices will list “misconduct” as the reason. Termination shall be deemed “for cause”.
Termination Notices. In the event of termination hereunder, the terminating party shall exercise its best efforts to communicate to the non-terminating party the upcoming possibility of termination. In the event that this Agreement is terminated prior to the end of the Term, each Customer will be provided written notification from the terminating party of the termination of this Agreement at least thirty (30) days prior to termination, and in compliance with other regulatory or legal requirements and Customers will also be notified of their right to return to the EDU or to select an alternate CRES Provider. All other notification(s) shall be in accordance with PUCO requirements.
Termination Notices. A notice to terminate issued under clause 12.1, 12.2 or 12.3 takes effect on the later of:
(a) the time it is given; and
(b) the time specified in the notice.
Termination Notices. If at any time the Title Company receives a certificate of either Seller or Purchaser (for purposes of this Section 4.5, the "Certifying Party") stating that: (a) the Certifying Party is entitled to receive the ▇▇▇▇▇▇▇ Money Deposit pursuant to the terms of this Agreement, and (b) a copy of the certificate was delivered as provided herein to the other party (for purposes of this Section 4.5, the "Other Party") prior to or contemporaneously with the giving of such certificate to the Title Company, then, unless the Title Company has then previously received, or receives within three (3) Business Days after receipt of the Certifying Party's certificate, contrary instructions from the Other Party, the Title Company, within one (1) Business Day after the expiration of the foregoing three (3) Business Day period, will deliver the ▇▇▇▇▇▇▇ Money Deposit to the Certifying Party, and thereupon the Title Company will be discharged and released from any and all liability hereunder. If the Title Company receives contrary instructions from the Other Party within three (3) Business Days following the Title Company's receipt of said certificate, the Title Company will not so deliver the ▇▇▇▇▇▇▇ Money Deposit, but will continue to hold the same pursuant hereto, subject to Section 4.6.
Termination Notices. In the event of termination hereunder, the terminating party shall exercise its best efforts to communicate to the non-terminating party the upcoming possibility of termination. In the event that this Agreement is terminated prior to the end of the term, each individual Program Participant will be provided written notification from the terminating party of the termination of the Agreement at least sixty (60) days prior to termination, and in compliance with other regulatory or legal requirements and Participating Members will also be notified of their right to return to the LDC or to select an alternate electric power supplier. All other notification(s) shall be in accordance with BPU requirements.
Termination Notices. Any termination by the company or by the Executive shall be communicated by written notice of Termination to the other party hereto. For purposes of this Agreement, a "Notice of Termination" shall mean a notice which shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for the termination of the Executive's employment.