Termination of Transactions Sample Clauses

Termination of Transactions. I. If for whatever reason, any Event of Default (as defined in Chapter 1) occurs, the Bank shall immediately be entitled, at its discretion and without any notice or other formalities, to: (1) liquidate all or any of the Customer’s open positions; and/or (2) terminate all or any of the Customer’s outstanding transactions entered into with the Bank as principal (including all outstanding over-the-counter derivatives transactions). Upon such termination, all obligations (whether or not they are then payable), which have not yet been performed under the transactions shall be canceled and replaced by the obligation by one party to pay a liquidation value to the other. The liquidation value shall be the value of the cost of entering into a replacement transaction, calculated as the amount that would be payable for concluding a transaction on terms identical to those of the liquidated transaction at the date of the early termination, plus all amounts due from the Customer under the transaction but not yet paid, less all amounts due to the Customer under the transaction but not yet paid, and determine the net loss or gain to the Customer arising from the foregoing. In doing so the Bank may convert any amount to Singapore dollars or any other currency selected by the Bank, and may have regard to any loss of bargain, cost of funding, cost or expense associated with unwinding or re-establishing any hedge or related trading position or any gain resulting from any of them. The net amount calculated by the Bank shall be conclusive, final and binding on the Customer, unless there has been manifest error on the part of the Bank. II. Where the net amount is a loss sustained by the Customer, the Customer shall pay such net amount to the Bank on the Business Day after receiving notice of such amount from the Bank. The Bank may at its discretion sell any Collateral held by the Bank and apply the proceeds thereof, and/or apply any cash Collateral, in discharge of the Customer’s obligation to pay such amount. III. Where the net amount is a gain to the Customer, the Bank shall pay such net amount to the Customer on the Business Day after notifying the Customer of such amount. Notwithstanding the foregoing (and without prejudice to the Bank’s rights of set-off under the General Terms), the Bank shall be entitled to set off against such payment obligation any other Liabilities owed by the Customer to the Bank, whatever their origin, and without taking into account any Collateral ...

Termination of Transactions. If you terminate Online Banking, you authorize us to continue making transfers that was in process which you previously authorized until we have had a reasonable opportunity to act upon your termination notice. Once we have acted upon your termination notice, we will make no further transfers of payments from your Accounts, including any transfers or payments you have previously authorized.

Termination of Transactions. The transactions contemplated --------------------------- hereby may be abandoned, and this Agreement terminated, upon notice, at any time after the date of this Agreement, but not later than the Closing, by: (a) The mutual consent of the Partnership and Buyer; or (b) Buyer, if Holdings, the Partnership or any Partner is in breach of any of its representations, warranties, covenants or agreements under this Agreement in any material respect; or (c) The Partnership, if Buyer is in breach of any of its representations, warranties, covenants or agreements under this Agreement in any material respect; or (d) The Partnership or Buyer if the Closing has not occurred on or before October 29, 1997; or (e) Buyer, within five days after Buyer's receipt of the Latest Balance Sheet, if the Latest Balance Sheet Date Net Worth (as defined below), as shown on the Latest Balance Sheet, is less than $9,050,000; or (f) Buyer, within five days after Buyer's receipt of the Latest Balance Sheet, if the Latest Balance Sheet Date Working Capital (as defined below), as shown on the Latest Balance Sheet, is less than $39,570,000; or (g) Buyer, to the extent that the aggregate indebtedness of the Companies as of Closing is greater than $40,000,000.

Termination of Transactions. If the exercise of the Bank's rights under Clause 9.5 results in the termination of any Transaction (save in the case termination takes place due to voluntary prepayment), that Transaction shall, for the purposes of the Master Swap Agreement (including, without limitation, section 6(e)(i) of the Master Swap Agreement) be treated as a Terminated Transaction resulting from an Event of Default by the Borrower.

Termination of Transactions. Notwithstanding the provisions of Paragraph 3(c) of the Agreement, in the case of Transactions terminable upon demand, such demand shall be made by Buyer or Seller by telephone, by email or otherwise in accordance with the Agreement no later than 10:00 a.m. New York City time on a Business Day if termination is to occur on that Business Day.

Termination of Transactions. The provisions of this Agreement relating to (and only to the extent relating to) the consummation of the Transactions may be terminated at any time prior to the Closing: (a) by mutual written consent of the Seller and the Purchaser; (b) by either the Seller or the Purchaser if any court of competent jurisdiction shall have issued an Order, decree or ruling or taken any other action restraining, enjoining, making illegal or otherwise prohibiting the consummation of any of the Transactions and such Order, decree, ruling or other action shall have become final and nonappealable; provided, that the Party so requesting termination shall have used its reasonable best efforts in accordance with Section 7.2(a) to have such Order, decree, ruling or other action vacated; (c) by the Purchaser in the event of a failure of the Seller’s representations, as set forth in Article IV (other than Section 4.7), to be true and correct or a material breach by the Seller or a Seller Party of its obligations or agreements hereunder, in each case that would cause a condition set forth in Section 8.1 or Section 8.3 not to be satisfied, which failure or breach remains uncured for sixty (60) days following written notice thereof by the Purchaser to the Seller; (d) by the Seller in the event of a failure of the Purchaser’s representations, as set forth in Article V (other than Section 5.5) or the Management Holdcos’ representations, as set forth in Article VI (other than Section 6.5), to be true and correct or a material breach by the Purchaser of its obligations or agreements hereunder, in each case that would cause a condition set forth in Section 8.1 or Section 8.2 not to be satisfied, which failure or breach remains uncured for sixty (60) days following written notice thereof by the Seller to the Purchaser; or (e) by either the Seller or the Purchaser if the Closing has not occurred by the 180th day following the date hereof; provided, that the Party so requesting termination shall not have breached any provision of this Agreement in a manner that primarily caused the failure of the Closing to occur by such date. The Party seeking to terminate such provisions of this Agreement pursuant to this Section 10.1 (other than Section 10.1(a)) shall give prompt written notice of such termination to each other Party.

Termination of Transactions. 8 7.1. Termination due to an Event of Default 7.2. Termination due to a Change of Circumstances 7.3. Effects of Termination

Termination of Transactions. ESCO may elect to terminate one or more outstanding Transactions by providing a written notice of such termination to EDF designating a termination date for such Transactions, and upon such termination date such outstanding Transactions shall terminate with the amounts payable resulting from such termination being determined as if an Event of Default with respect to ESCO existed (without implying the existence thereof for any other purpose), and being settled within ten (10) Local Business Days.

Termination of Transactions. If the exercise of the Agent's rights under Clause 7.5 results in the termination of any Transaction, that Transaction shall, for the purposes of the Master Agreement (including, without limitation, section 6(e)(i) of the Master Agreement) be treated as a Terminated Transaction resulting from an Event of Default by the Borrower.