Termination of Agreement Effect of Termination Sample Clauses

The 'Termination of Agreement; Effect of Termination' clause defines the conditions under which a contract may be ended by either party and outlines the consequences that follow such termination. Typically, this clause specifies the events or breaches that can trigger termination, the required notice periods, and the obligations of each party upon ending the agreement, such as returning confidential information or settling outstanding payments. Its core function is to provide a clear framework for ending the contractual relationship, thereby reducing uncertainty and potential disputes if the agreement needs to be concluded before its natural expiration.
Termination of Agreement Effect of Termination. Upon default of any term or provision of this Agreement, the non-defaulting party shall have the right at its option, to cancel this Agreement by sending the defaulting party a notice specifying the nature and character of such default. In the event that the default is not cured within ten (10) days of the date the defaulting party receives such notice of a financial default, or within thirty (30) days of the date the defaulting party receives notice of a non-financial default, the non-defaulting party may, in addition to all of its other rights hereunder, either terminate this Agreement without liability for such cancellation or suspend the performance of its obligations hereunder until such default is remedied. Suspension of performance shall not preclude termination Upon any termination, expiration, cancellation or non-renewal of this Agreement, GES shall immediately return to Diebold all documents supplied by Diebold and all copies thereof in GES's possession or in the power and custody of any agent acting on behalf of GES, but the GES's obligations of confidentiality pursuant to Parts 4(b), 12, 13 and 14 shall thereafter continue. In the event of termination by Diebold based on a breach by GES, GES shall be deemed to have at the same time waived any rights it may have to prohibit or stop any GES employee or contractor from entering into a similar relationship with Diebold.
View Source
Termination of Agreement Effect of Termination. In the event that the Consents set forth in Items 1 and 2 of Schedule 3.3 shall have not been obtained by the date that is two (2) years after the Closing Date for the Assets other than the CFCP III & IV Assets, CNLR shall have the option to terminate the Agreement, provided that such termination shall in no way affect the effectiveness of either (i) the transactions which closed on the Closing Date or (ii) any closing pursuant to Section 9.3 with respect to either of CFCPIII or CFCPIV. Upon such termination, CNLR may, at its sole option, elect not to continue complying with Section 9.1(b)(i) hereof with respect to any Assets owned by it at the time of termination by delivering written notice to the Purchaser Group. Upon delivery of such notice, the Purchaser Group shall no longer have any obligations to CNLR pursuant to Section 9.1(b)(ii) hereof.
View Source
Termination of Agreement Effect of Termination. (a) If the Transmission Service Date has not occurred on or before June 30, 2003, any Party may, upon thirty (30) days prior written notice to the other Parties, cause the GridAmerica ITC to terminate. (b) This Agreement may be terminated as to any GridAmerica Company (i) pursuant to Section 5.7 or (ii) at any time by mutual consent of such GridAmerica Company and the Initial Member. In the event of the termination of this Agreement as to any GridAmerica Company pursuant to this Section 11.1(b), this Agreement shall become void as to such GridAmerica Company and have no further effect, without any liability on the part of any party or its directors, officers or stockholders; provided, however, that no such termination shall release any GridAmerica Company from any liabilities pursuant to Section 2.2(d) or Section 3.4. (c) Notwithstanding the foregoing, nothing contained in this Section 11.1 shall relieve any party to this Agreement of liability for a breach of any provision of this Agreement.
View Source
Termination of Agreement Effect of Termination 
View SourceView Similar (26)

Related to Termination of Agreement Effect of Termination

  • Effect of Termination of Agreement Upon the Termination Date or the Expiration Date, as applicable, any amounts then owing by a Party to the other Party shall become immediately due and payable and the then future obligations of Customer and Provider under this Agreement shall be terminated (other than the indemnity obligations set forth in Section 13). Such termination shall not relieve either Party from obligations accrued prior to the effective date of termination or expiration.

  • Termination Effect of Termination 83 21.1. Termination................................................83 21.2. Effect of Termination......................................84

  • Termination and Effect of Termination This Agreement shall terminate upon the date on which no Holder holds any Registrable Securities, except for the provisions of Sections 3.9 and 3.10, which shall survive any such termination. No termination under this Agreement shall relieve any Person of liability for breach or Registration Expenses incurred prior to termination. In the event this Agreement is terminated, each Person entitled to indemnification rights pursuant to Section 3.9 hereof shall retain such indemnification rights with respect to any matter that (i) may be an indemnified liability thereunder and (ii) occurred prior to such termination.

  • 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.

  • 6Effect of Termination Upon any expiration of the Term or termination of this Agreement, the obligations and rights of the parties hereto shall cease, provided that such expiration or termination of this Agreement shall not relieve the parties of any obligation or breach of this Agreement accruing prior to such expiration or termination, including, without limitation, all accrued payment obligations arising under Article 6. In addition, Article 5, Article 7, Section 2.12, Section 4.5, and this Section 4.6 shall survive the expiration or termination of this Agreement. For the avoidance of doubt, the rights of Registry Operator to operate the registry for the TLD shall immediately cease upon any expiration of the Term or termination of this Agreement.