Termination of a Material Clause Samples

The 'Termination of a Material' clause defines the conditions under which a party may end the use, license, or provision of specific materials covered by an agreement. Typically, this clause outlines the circumstances—such as breach of contract, expiration of a license, or failure to meet certain obligations—that would trigger the right to terminate access to or use of the material. For example, if one party misuses proprietary content or fails to pay required fees, the other party may invoke this clause to halt further use. Its core function is to provide a clear mechanism for discontinuing the relationship regarding the material, thereby protecting the interests of the parties and managing risk if issues arise.
Termination of a Material. All parties to the Pooling and Definitive Agreement Servicing Agreement, each Servicer, the Custodian and, if applicable, the Special Servicer, as to each agreement to which it is a party Item 1.03- Bankruptcy or Receivership (i) Depositor, as to itself, the sponsor, any 1100(d)(1) party, any significant obligor, any credit enhancement provider or derivative counterparty and any other transaction party, to the extent known to the Depositor, (ii) Trustee, as to itself, (iii) each Servicer as to itself, (iv) Master Servicer, as to itself and any other transaction party, to the extent known to the Master Servicer Item 2.04- Triggering Events that Master Servicer Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Item 3.03- Material Modification to Master Servicer Rights of Security Holders Item 5.03- Amendments of Articles of Master Servicer Incorporation or Bylaws; Change of Fiscal Year Item 6.01- ABS Informational and Depositor Computational Material Item 6.02- Change of Servicer or Servicer, Master Servicer Master Servicer Item 6.03- Change in Credit Depositor/Master Servicer Enhancement or External Support Item 6.04- Failure to Make a Required Master Servicer Distribution Item 6.05- Securities Act Updating Depositor Disclosure
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Termination of a Material. DEFINITIVE All parties AGREEMENT Disclosure is required regarding termination of any definitive agreement that is material to the securitization (other than expiration in accordance with its terms), even if depositor is not a party. Examples: servicing agreement, custodial agreement.
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Termination of a Material. All parties to this Agreement only as Definitive Agreement to agreements such entity is a party to or entered into on behalf of the Trust Fund Item 1.03 Bankruptcy or Receivership Depositor Item 2.04 Triggering Events that Trustee Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Item 3.03 Material Modification to Trustee Rights of Security Holders Item 5.03 Amendments of Articles of Depositor Incorporation or Bylaws; Change of Fiscal Year Item 6.01 ABS Informational and Depositor Computational Material
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Termination of a Material. Definitive All parties to this Agreement only as to agreements Agreement such entity is a party to or entered into on behalf of the Trust Fund Item 1.03- Bankruptcy or Receivership Depositor Item 2.04- Triggering Events that Accelerate or Depositor Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Item 3.03- Material Modification to Rights of Trustee Security Holders Item 5.03- Amendments of Articles of Incorporation or Depositor Bylaws; Change of Fiscal Year Item 6.01- ABS Informational and Computational Depositor Material Item 6.02- Change of Master Servicer, Special Master Servicer (as to itself or a Sub-Servicer Servicer or Trustee retained by the Master Servicer) Special Servicer(as to itself or a Sub-Servicer retained by the Special Servicer) Trustee Item 6.03- Change in Credit Enhancement or External Depositor Support Trustee Item 6.04- Failure to Make a Required Distribution Trustee Item 6.05- Securities Act Updating Disclosure Depositor Item 7.01- Reg FD Disclosure Depositor Item 8.01 Depositor Item 9.01 Depositor EXHIBIT Y SUB-SERVICER LIST -------------------------------------------------------------------------------- SUB-SERVICERS SUB-SERVICED MORTGAGE LOANS -------------------------------------------------------------------------------- Northmarq Capital Extra Space Storage Pico Rivera II Empire II & Willowbrook Apartments -------------------------------------------------------------------------------- Laureate Capital, LLC Super 8 - Weatherford, TX Comfort Suites - Fishers, IN Super 8 Motel - Avon, IN -------------------------------------------------------------------------------- Bank of America 666 Fifth Avenue -------------------------------------------------------------------------------- Midland Sawgrass Mills -------------------------------------------------------------------------------- EXHIBIT Z TENANTS-IN-COMMON TRANSFER COMPLIANCE Timing & Notice Approval of New Accredited Sponsor Name Requirement Borrower Investors Only -------------------------------------------------------------------------------------------------------------------------- Genva - Initial TIC Transfers (International Market Within the first At Lender's Yes Square) 180 days; upon 10 Discretion days prior notice -------------------------------------------------------------------------------------------------------------------------- Genva - Future TIC Transfers (International Market After the Square) completion of the I...
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Termination of a Material. All parties to the Pooling and Definitive Agreement Servicing Agreement, each Servicer, the Custodian and, if applicable, the Special Servicer, as to each agreement to which it is a party Item 1.03- Bankruptcy or Receivership (i) Depositor, as to itself, the Item 2.04- Triggering Events that sponsor, any 1100(d)(1) party, any Accelerate or Increase a significant obligor, any credit Direct Financial Obligation enhancement provider or derivative or an Obligation under an counterparty and any other Off-Balance Sheet Arrangement transaction party, to the extent Item 3.03- Material Modification to known to the Depositor, (ii) Rights of Security Holders Trustee, as to itself, (iii) each Item 5.03- Amendments of Articles of Servicer as to itself, (iv) Master Incorporation or Bylaws; Servicer, as to itself and any Change of Fiscal Year other transaction party, to the Item 6.01- ABS Informational and extent known to the Master Servicer Computational Material Master Servicer Item 6.02- Change of Servicer or Master Servicer Item 6.03- Change in Credit Enhancement or External Support Master Servicer Item 6.04- Failure to Make a Required Distribution Master Servicer Item 6.05- Securities Act Updating Disclosure Item 7.01- Reg FD Disclosure Master Servicer Item 8.01- Other Events Item 9.01 Depositor
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Termination of a Material. Master Servicer (in the case of the Master Definitive Agreement Servicer, only as to agreements it is a party to or entered into on behalf of the Trust) Depositor Trustee Special Servicer
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Termination of a Material. Definitive Agreement
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Related to Termination of a Material

  • Termination of Use These terms and Your access to Our Website may be terminated by Us (at Our sole discretion) at any time without notice or any requirement to give You a reason why. In the event of termination under this clause We shall have no liability to You whatsoever (including for any consequential or direct loss You may suffer).

  • Termination of Agreement If this Agreement is terminated by the Representatives in accordance with the provisions of Section 5 or Section 9(a)(i) hereof, the Company shall reimburse the Underwriters for all of their out-of-pocket expenses, including the reasonable fees and disbursements of counsel for the Underwriters.

  • Termination for Material Breach If either Party (the “Non-Breaching Party”) believes that the other Party (the “Breaching Party”) has materially breached one or more of its obligations under this Agreement, then the Non-Breaching Party may deliver notice of such material breach to the Breaching Party specifying the nature of the alleged breach in reasonable detail (a “Default Notice”). Thereafter, the Non-Breaching Party shall have the right to terminate this Agreement if the breach asserted in such Default Notice has not been cured within sixty (60) days after such Default Notice. Notwithstanding the foregoing, (i) if such material breach, by its nature, cannot be remedied within such sixty (60) day cure period, but can be remedied over a longer period not expected to exceed one hundred and fifty (150) days, then such sixty (60) day period shall be extended for up to an additional ninety (90) days provided that the Breaching Party provides the Non-Breaching Party with a reasonable written plan for curing such material breach and uses Commercially Reasonable Efforts to cure such material breach in accordance with such written plan and (ii) if such material breach cannot be cured, but the effects of such material breach are not such that the Non-Breaching Party would be deprived of the material benefits the Non-Breaching Party would reasonably be expected to derive from this Agreement in the absence of such material breach, then the Non-Breaching Party shall not be entitled to terminate this Agreement on the basis of such material breach unless the Breaching Party has previously committed a substantially similar material breach of this Agreement. For clarity, a breach of Section 3.2.3 of this Agreement shall not, notwithstanding anything herein, fall within the exception in subpart (ii) of the immediately preceding sentence.

  • Termination of Access Once this Agreement ends, by early termination or otherwise, the Licensor may terminate access to the Licensed Materials by Licensee, Participating Institutions and Authorized users, subject to Section XII, below. In addition, authorized copies of Licensed Materials made by Authorized Users may be retained for educational purposes and used subject to the terms of this Agreement.

  • Termination of Engagement (a) This Agreement shall terminate (i) immediately upon the death of Consultant, (ii) at the option of either party hereto without cause upon thirty (30) days advance written notice from the terminating party to the other party, or (iii) upon the termination of this Agreement by the Contractor for "cause." For the purposes of this Agreement, "cause" shall mean (i) any act by Consultant of fraud or dishonesty (whether or not against or involving the Contractor), (ii) Consultant's competing with the business of the Contractor either directly or indirectly, (iii) Consultant's breach of any material provision of this Agreement, (iv) Consultant's failure to devote his best efforts to his duties under this Agreement or to perform such duties diligently and efficiently and in accordance with the directions of the Contractor or to otherwise fulfill his obligations under this Agreement, (v) Consultant's failure to comply with the decisions or policies of the Contractor, (vi) any act of moral turpitude by Consultant or (vii) any other matter constituting "cause" under applicable law.