Termination of Operation Sample Clauses

The 'Termination of Operation' clause defines the conditions and procedures under which a party may end or suspend the ongoing activities or services governed by the agreement. Typically, this clause outlines specific events or breaches that can trigger termination, such as failure to meet obligations, insolvency, or mutual agreement, and may require advance written notice to the other party. Its core practical function is to provide a clear and structured process for discontinuing operations, thereby protecting both parties from uncertainty and potential disputes if the business relationship needs to be concluded.
Termination of Operation. Anything in this Loan Agreement to the contrary notwithstanding, the Company shall have the right at any time to cause the operation of the Facilities to be terminated if the Company shall have determined that the continued operation of the Project or the Facilities is uneconomical for any reason.
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Termination of Operation. Nothing in this Article shall be construed to prevent the Employer from terminating any portion or all of its operation in which bargaining unit employees work during the term of the Agreement. The Union, its agents, or employees shall not for the duration of this Agreement authorize, promote or engage in nor condone any strike, work stoppage or job action of any kind.
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Termination of Operation. Borrower ceases business operation or otherwise substantially terminates any of their respective business operations material to their ongoing existence.
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Termination of Operation. 10.1. This Protocol Agreement will be null and void if for any reason (Company) ceases operations in Dzawada̱ 'enux̱ w Territory. The permissions and privileges associated with this agreement cannot be sold or transferred to any other party unless agreed to by the Dzawada̱ 'enux̱ w.
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Termination of Operation. 28.1 The Region, in accordance with the requirements of its business, expressly reserves the right to unilaterally discontinue all or any part of its collection, testing, or distribution operations' without prior collective bargaining. If such a discontinuance occurs, the Region will, upon written request of the Union, promptly comply with any lawful obligations to bargain about the effects of the closing upon the employees affected by the discontinuance.
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Related to Termination of Operation

  • Cessation of Operations Any cessation of operations by Borrower or Borrower admits it is otherwise generally unable to pay its debts as such debts become due, provided, however, that any disclosure of the Borrower’s ability to continue as a “going concern” shall not be an admission that the Borrower cannot pay its debts as they become due.

  • Commencement of Operations The Partnership shall not begin operations on its Leases unless the Managing General Partner is satisfied that necessary title requirements have been satisfied.

  • CONTINUITY OF OPERATION Section 1: No Strikes, Work Stoppages or Lockouts

  • Statement of Operations Statement of Changes in Net Assets.

  • PERIOD OF OPERATION Subject to certification, this Agreement shall come into force from the first pay period commencing on or after 1st December 2002 and shall remain in force until 31 October 2005.