Termination of the Contracts Sample Clauses

The 'Termination of the Contracts' clause defines the conditions and procedures under which either party may end the contractual relationship before its natural expiration. Typically, this clause outlines specific events or breaches that justify termination, such as non-performance, insolvency, or mutual agreement, and may require advance written notice or the fulfillment of certain obligations prior to termination. Its core practical function is to provide a clear and fair mechanism for ending the contract, thereby managing risk and preventing disputes over how and when the agreement can be concluded.
Termination of the Contracts. 11.1 Upon termination of one of the Contracts or at any time after being requested to do so, Absence shall return any and all documents, data and data storage devices or upon request shall delete these, unless such is not compatible with the law of the European Union or of one of its member states which require a retention of the personal data. Without instructions 11.2 Absence is obliged to treat any and all confidential data it becomes aware of in connection with the Contracts as confidential beyond the end of the term of the Contracts.
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Termination of the Contracts. Each of the Contracts shall be, and hereby is, terminated, notwithstanding any term therein relating to notice, termination with or without cause or any other provision, with no surviving duties or obligations thereunder surviving this termination. Such termination shall have no effect upon the duties and obligations of the Parties arising under this Agreement, the Cross-License or the Sublease.
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Termination of the Contracts. The Contracts are terminated in their entirety, effective as of the date hereof. RIS shall have no further obligation to deliver Railcars to Chartwell, and Chartwell will have no further obligation to purchase Railcars from RIS. Both parties acknowledge that RIS has already delivered to Chartwell, and Chartwell has already accepted and fully paid for, (the “Delivered Railcars”) the sixty Railcars listed on Exhibit “A” attached hereto. Both parties further agree, ratify and consent to the prior sale of the remaining 35 Railcars to Greenbrier (27) and Teal (8), respectively (the “Remaining Railcars”) as listed on Exhibit “B” attached hereto. The parties acknowledge that with respect to RIS the Remaining Railcars sold to Teal have been sold on an as-is, where-is basis, that RIS makes no warranties, expressed or implied, including as to merchantability or fitness for a particular purpose, respecting such Remaining Railcars, and that Chartwell hereby disclaims all such warranties. Chartwell represents and warrants to RIS that Chartwell, in its dealings with Teal, has done nothing contrary to the foregoing or that might give Teal any reason to believe RIS has made or is bound to any such warranties respecting the Remaining Railcars.
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Termination of the Contracts. The Parties mutually agree that the Contracts shall be terminated upon the delivery to TGAA of the full Settlement Consideration required by Paragraph 2 (the “Termination Date”). Upon the Termination Date, the Contracts shall have no further force or effect, except with the sole exception of the “Confidentiality Provision” of Sections VII.5, IX.2 of the BCA.
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Termination of the Contracts. 12.1. Upon termination of one of the Contracts or at any time after being requested to do so, Absence shall return any and all documents, data and data storage devices or upon request shall delete these, unless such is not compatible with the law of the European Union or of one of its member states which require a retention of the personal data. Without instructions of the Customer to the contrary within 60 days after termination of the Contracts Absence is instructed and authorised to delete all data. Absence shall maintain a documentation of the deletion of the data. 12.2. Absence is obliged to treat any and all confidential data it becomes aware of in connection with the Contracts as confidential beyond the end of the term of the Contracts.
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Termination of the Contracts. The Parties mutually agree that all contracts and agreements between them shall be terminated as of the Effective Date of this Agreement. Upon the Termination Date, the only obligations that survive are: 1) Those that are expressly stated herein; 2) Those that would continue to operate as a matter of law, such as the continuing obligations of former board members 3) Those that were contemplated to survive the original contracts being terminated. The termination includes the following results: a. Party B shall resign from any roles in Party A, including but not limited to their roles as officers and members of the board of directors of Vortex. b. Party B shall surrender any rights to any shares or interest they have or may have in Party A. If any shares have been issued, Party B shall surrender those shares.
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Related to Termination of the Contracts

  • Termination of the Contract 1. The Contractor may terminate the contract if the Partner has inadequately discharged or failed to discharge any of the contractual obligations, insofar as this is not due to force majeure, after notification of the Partner by registered letter has remained without effect for one month. 2. The Partner shall immediately notify the Contractor, supplying all relevant information, of any event likely to prejudice the performance of this contract.

  • Duration of the contract framework agreement or dynamic purchasing system II.2.10) Information about variants II.2.11) Information about options

  • Termination and Suspension of the Contract The Competent Body shall suspend the Contract in a binding order if: o The License is suspended; o There is a direct threat to life or health of the people working or residing in a zone influenced by the operations under the Contract;

  • Termination of the Company Upon the voluntary termination of the Company upon the consent of the Members, the sale or other transfer of all or substantially all of the Company's assets or any other termination of the Company in accordance with the provisions of this Agreement, the Company shall wind up its affairs and shall then be liquidated as provided in Article 13.

  • ADMINISTRATION OF THE CONTRACT 2.2.1 The Architect will provide administration of the Contract as hereinafter described. 2.2.2 The Architect will be the State's representative during construction and until final payment is due. The Architect will advise and consult with the State. The State's instructions to the Contractor shall be forwarded through the Architect. The Architect will have authority to act on behalf of the State only to the extent provided in the Contract Documents, unless otherwise modified by written instrument in accordance with Subparagraph 2.2.10. 2.2.3 The Architect will visit the site at intervals appropriate to the stage of construction to familiarize himself or herself generally with the progress and quality of the Work and to determine in general if the Work is proceeding in accordance with the Contract Documents. However, the Architect will not be required to make exhaustive or continuous on-site inspections to check the quality or quantity of the Work. On the basis of his or her on-site observations as an architect, he or she will keep the State informed of the progress of the Work, and will endeavor to guard the State against defects and deficiencies in the Work of the Contractor. 2.2.4 The Architect will not be responsible for and will not have control or charge of construction means, methods, techniques, sequences or procedures, or for safety precautions and programs in connection with the Work, and he or she will not be responsible for the Contractor's failure to carry out the Work in accordance with the Contract Documents. The Architect will not be responsible for or have control or charge over the acts or omissions of the Contractor, 2.2.5 The Architect shall at all times have access to the Work wherever it is in preparation and progress. The Contractor shall provide facilities for such access so the Architect may perform his or her functions under the Contract Documents.