Termination of this Contract Clause Samples

Termination of this Contract i. This Contract can be terminated by the Account Holder in accordance to Clause 6(ii) above and by Finductive in accordance with 6(iii) above; ii. In the event of gross negligence by one of the Parties, this Contract may be terminated with immediate effect by simple written notification from the prevailing Party. Gross Negligence by the Account Holder is understood to mean, but not limited to: ▪ communication of false information; ▪ engaging in illegal activity; ▪ money laundering or financing of terrorism, or suspicion thereto; ▪ threats to agents of Finductive; ▪ defaulted payment; ▪ failure to comply with an obligation of this Contract; ▪ the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings. Gross negligence by Finductive is understood to mean: ▪ communication of false information; ▪ failure to comply with an obligation of this Contract; ▪ the nomination of a special mediator and insolvency administrator to initiate rehabilitation or liquidation proceedings. iii. In the event of a modification to applicable regulations and their interpretation by the relevant regulatory authority that may affect the ability of Finductive to provide Payment Services, this Contract will automatically be terminated. The Account Holder may no longer send Payment Orders after the effective termination date. Payment Transactions initiated before the termination date might be affected by the termination request if the regulatory authority prohibits Finductive from processing any Payment Transactions. iv. The termination of this Contract will result in the permanent closure of the Payment Account. The closure of a Payment Account will not give rise to any compensation, regardless of any possible damage caused by said closure. The Account Holder is not authorised, unless explicitly authorised by Finductive, to open another Payment Account at Finductive. Any Payment Account opened in violation of this provision may be immediately closed by Finductive, without notice. v. Any funds available in Payment Accounts which are being closed in accordance with this Contract will be debited to the Account Holder following written instructions by the Account Holder’s legal representatives, unless Finductive is prohibited to do so by law. vi. Finductive reserves the right to bring legal action to repair the damage suffered due to a breach of the Contract.

Termination of this Contract. (a) EnergyAustralia may terminate this Contract: (i) immediately where you have breached a material term of this Contract and have not rectified that breach within 14 days from receipt of a written notice from EnergyAustralia; (ii) immediately where you no longer satisfy any one or more of the eligibility criteria under clause 2; or (iii) upon EnergyAustralia providing you with 30 days written notice of its intention to terminate this Contract. (b) You may terminate this Contract by providing at least 30 days' prior written notice to EnergyAustralia, subject to clause 8.2(b).

Termination of this Contract. Subject to any restrictions under the terms of the Plan, you may elect by written notice to terminate this Contract. We will determine the Cash Value of this Contract as of the Transaction Date. If this Contract is terminated, surrendered or exchanged prior to the Annuitant's Retirement Date, any applicable tax charges we have paid may be deducted. If we previously deducted charges for applicable taxes from Contributions pursuant to Section 2.01, we will not again deduct charges for the same taxes on terminations, unless a change in applicable law has occurred with respect to this Contract. Cash Value payments may be deferred by us in accordance with the provisions of Section 4.07. Subject to the terms of the Plan, we reserve the right to pay the Annuity Account Value under this Contract and terminate this Contract if (i) you make no Contributions during the last three completed Contract Years, or (ii) you make a partial withdrawal that would result in the Annuitant's Annuity Account Value falling below $500. We also reserve the right to terminate this Contract if no Contributions have been made within 120 days from the Contract Date shown on Page 3 of this Contract. We will pay the Cash Value or Annuity Account Value, as applicable, directly to you unless you give us written notice at the time of termination that you request us to make payment to the Annuitant or another person, and that such payment is permissible under the Plan. Upon payment pursuant to this Section or the fourth paragraph of Section 2.07, the amount in the Divisions under this Contract and the Annuity Account Value with respect to this Contract shall be zero. We will be released from any and all liability for payments with respect to the Contributions from which the Annuity Account Value arose.

Termination of this Contract. The Department may terminate this Contract at any time at its sole discretion by delivering one-hundred eighty (180) Calendar Days written notice to the Contractor.

Termination of this Contract. 7.1 This contract may be terminated: a) in writing by you to us, with ten business days’ notice – ten business days after you notify us, or b) by agreement between you and us - on the mutually agreed date for termination, or c) if you enter a contract with another electricity retailer for sale and supply of electricity at your premises – on the date that your new retailer becomes the financially responsible market participant for the premises, or d) if a different customer commences buying electricity at the premises, on the date that the new customer enters a contract with us. e) if an insolvency event occurs - immediately.

Termination of this Contract. 5.1 This contract may be terminated: a) in writing by you to us, with ten business days’ notice – ten business days after you notify us, or b) by mutual agreement between you and us - on the mutually agreed date for termination, or c) if you enter a contract with another electricity retailer for sale and supply of electricity at your premises – on the date that your new contract commences, or d) if a different customer starts to buy electricity at the premises, on the date that they enter a contract with us. 5.2 If this contract is terminated, you agree that exit fees are payable as directed by us in your customer agreement.

Termination of this Contract. We can terminate this contract on 30 days’ notice or immediately on renewal, if you have purchased another care package or insurance product from us. The termination of the contract will not affect the provision of any service which you have already paid for or our guarantee of the work done.

Termination of this Contract or cancellation of an insurance benefit a) death occurring while this contract was in force; b) death due to a total disability occurring while this contract was in force; c) death or dismemberment due to an accident occurring while this contract was in force; d) total disability or illness occurring while this contract was in force. The Insurer must continue paying disability insurance benefits in the event that the participant’s total disability, for which she is receiving such benefits under this contract, extends beyond the termination of this contract.

Termination of this Contract. 4.1.1 The University may terminate this agreement in any of the following circumstances:- (a) if you have failed to pay the whole or any part of the Residence Charge or any other payment under this agreement and the Residence Charge or payment has been outstanding for 21 days or more; or (b) where you have committed a serious breach or persistent breach of the conditions of this agreement 4.1.2 The University may also terminate this Agreement by giving you not less than 4 weeks written notice if:- (a) the Student does not have status as a registered student of the University; or (b) in the reasonable opinion of the University the heath or behaviour of the Student constitutes a serious risk to him/herself or others or the University's or others' property; or (c) if any information supplied by the Student or on their behalf, in connection with the application to the University for a place in the Accommodation is untrue, inaccurate or misleading, or the Student fails to disclose relevant information which would amount to a misrepresentation, and the University considers (acting reasonably) that the relevant information makes the Student unsuitable to live in the Accommodation 4.1.3 The University may also terminate this Agreement by giving the Student not less than 10 days written notice if the Student has not taken up residence by the end of the first day of the Period of Residence (or such later date that the Student has agreed in advance with the University) and the Deposit will not be refunded Please note that except where the reason is related to the Student’s health the University shall be entitled to charge the Student £115 towards the costs of administration and cleaning the Accommodation. Please also note that if the Student does not leave the premises, the University must get an order for possession from the Court before the Student can lawfully be evicted. The University cannot apply for an order before the Notice to Quit or the Notice to Determine this Agreement has run out. (If you do not know if you have any right to remain in possession after a Notice to Quit or a Notice to Determine runs out you can obtain advice from a solicitor. Help with all or part of the costs of legal advice and assistance may be available under the Legal Aid Scheme. You should also be able to obtain information from a Citizens Advice Bureau, a Housing Aid Centre or a Rent Officer) 4.2 The Student may only terminate this Contract in accordance with the terms of this Cont...