Termination Prior to End of Term Clause Samples

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Termination Prior to End of Term a. JPMC may immediately terminate this Schedule Two by giving Visa written notice of termination: (i) if Visa becomes insolvent or makes an assignment for the benefit of its creditors or any proceeding is commenced by or against Visa under any bankruptcy, liquidation or other debtor’s protection law or statute, and such proceeding is not dismissed within sixty (60) days of its institution; (ii) if, within thirty (30) days of JPMC giving Visa written notice of Visa’s breach of this Schedule Two including failure to meet the performance standards set forth in Schedule B, such breach is not cured; (iii) if Visa violates any material governmental law, regulation or rule applicable to Visa but only if such violation has a material adverse effect on JPMC; (iv) without cause upon sixty (60) days prior written notice to Visa or (v) if Visa incurs a material impairment of its ability to perform its obligations under this Schedule Two. In the event JPMC desires to terminate this Schedule Two prior to the end of the Term under section 4(a)(iv), JPMC shall so notify Visa in writing and shall include with that notice a check payable to Visa as ** an amount calculated as follows. ** 12/01/04.01 12 ** Omitted pursuant to a confidential treatment request. The confidential portion has been filed separately with the SEC. b. Visa may terminate this Schedule Two by giving JPMC written notice of termination (i) if JPMC becomes insolvent or makes an assignment for the benefit of its creditors or any proceeding is commenced by or against JPMC under any bankruptcy, liquidation or other debtor’s protection law or statute, and such proceeding is not dismissed within sixty (60) days of its institution; (ii) if within thirty (30) days of Visa giving JPMC written notice of JPMC’s breach of this Schedule Two the breach is not cured; or (iii) JPMC violates any material governmental law, regulation or rule applicable to JPMC but only if such violation has a material adverse effect on Visa. c. In the event of termination of this Schedule Two for any reason, sections 5, 6, 7, and 8 of this Schedule A shall survive termination.
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Termination Prior to End of Term. (a) The Client may terminate this Contract under the following circumstances:
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Termination Prior to End of Term. This Agreement may be terminated prior to the end of the Initial Term or any Renewal Term only as follows: (a) Either party may terminate this Agreement immediately by written notice to the other party following the occurrence of a material breach or default by the other party that is not cured within 30 days after delivery of written notice to such breaching or defaulting party specifying the breach claimed. In addition, NTS, LLC may terminate this Agreement immediately by written notice to Customer if Customer does not pay any fee or charge when due hereunder and such failure continues for a period of 10 days after NTS, LLC gives written notice thereof. (b) NTS, LLC may terminate this Agreement immediately, without liability, upon written notice to Customer (i) if Customer (A) makes a general assignment for the benefit of creditors, (B) applies for the appointment of a trustee, liquidator or receiver for its business or property, or one is assigned involuntarily, (C) is subject to a proceeding for bankruptcy, receivership, insolvency or liquidation, or (D) is adjudicated insolvent or bankruptcy, or (ii) if the Sponsoring Bank withdraws its sponsorship of Customer for any reason and the Customer fails to secure a replacement Sponsoring Bank within 30 days. (c) NTS, LLC may terminate this Agreement or curtail or restrict the provision of Services hereunder at any time or times, without liability, upon written notice to Customer following the issuance of any order, rule or regulation, the enactment of any law or the decision of any court of competent jurisdiction over NTS, LLC that prohibits NTS, LLC from providing the Services or restricts the provision of such Services so as to make the continued provision thereof unprofitable or undesirable, or would be unduly restrictive to NTS, LLC’s business or would require burdensome capital contributions or expenditures. (d) Customer may terminate this Agreement with respect to the affected Services in accordance with Section 2.6 and Section 5.2 of this Agreement.
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Termination Prior to End of Term. After a vote by the TOWN Council to remove CONTRACT OFFICER prior to the end of the Term of this Employment Contract the TOWN shall pay to CONTRACT OFFICER full compensation for all work satisfactorily performed by CONTRACT OFFICER as of the termination date. CONTRACT OFFICER may terminate this Employment Contract by resigning in accordance with the TOWN Personnel Policies as amended from time to time. Upon such termination by CONTRACT OFFICER. the TOWN shall pay to CONTRACT OFFICER full compensation for all work satisfactorily performed by CONTRACT OFFICER under this Employment Contract as of the termination date.
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Termination Prior to End of Term. This Agreement shall automatically terminate on June 29, 2008. In the event that Consultant becomes a full-time employee of any company, corporation, limited liability company or other business entity prior to the end of the term, Consultant or INCARD may terminate this Agreement without cause. Upon transmission of written notice of termination by either Party, any obligation to pay compensation by INCARD or to provide services by Consultant shall cease immediately. Consultant shall be required to transmit written notice to INCARD immediately upon learning he has obtained full time employment with another party via facsimile and first class mail (“Employment Notification”). In the event Consultant fails to provide timely Employment Notification, Consultant shall be required to return all amounts paid by INCARD for any period after Consultant commenced such full time employment along with additional liquidated damages of $2,500 for each week that passes from the start date of employment and the transmission of the Employment Notification.
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Termination Prior to End of Term. This Agreement may be terminated -------------------------------- before the end of its term: (a) By ▇▇▇▇▇▇ immediately upon written notice to Buyer if Buyer or Mattress Discounters shall, or by Buyer or Mattress Discounters immediately upon written notice to ▇▇▇▇▇▇ if ▇▇▇▇▇▇ shall,: (i) file any petition under the bankruptcy laws of the United States; (ii) have such a petition filed against it which is not dismissed or otherwise resolved in its favor within sixty (60) days, or (iii) cease to function as a going concern or to conduct operations in the normal course of business; (b) By ▇▇▇▇▇▇ immediately if Buyer or Mattress Discounters breaches, or by Buyer or Mattress Discounters immediately if ▇▇▇▇▇▇ breaches, a material provision of this Agreement and the breach continues for more than 90 days after delivery of written notice of such breach. ▇▇▇▇▇▇, Buyer and Mattress Discounters agree to negotiate in good faith to resolve any disputes under this Agreement; or (c) By ▇▇▇▇▇▇ upon 120 days notice to Mattress Discounters if Mattress Discounters does not agree to sell Products to ▇▇▇▇▇▇ at the same prices as in the Pricing Proposal within 60 days as provided in Section 5(a). In the event of termination of this Agreement pursuant to this Section, allowance or rebate payments under Sections 5(c) or (d) shall be paid for the period through termination, at ▇▇▇▇▇▇'▇ option, either by (i) netting such amounts against outstanding invoices or (ii) cash payment from Mattress Discounters due within five business days of notice from ▇▇▇▇▇▇.
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Termination Prior to End of Term. This Agreement may be terminated prior to the end of the Initial Term or any Renewal Term only as follows: (a) Either party may terminate this Agreement immediately upon written notice to the other party upon the occurrence of a material breach or default by such other party of any of its representations, warranties or covenants set forth in this Agreement that is not cured within 30 days after delivery of written notice to such other party specifying the breach or default claimed. (b) Cardtronics may terminate this Agreement effective immediately upon written notice to Customer if: (i) Customer does not pay any undisputed fee or charge when due hereunder and such failure continues for a period of 20 days after Cardtronics gives written notice thereof; (ii) Customer (A) makes a general assignment for the benefit or creditors,
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Termination Prior to End of Term. (a) In the event of a Material Default by either party, the other may terminate this Agreement, upon written notice, and such notice shall be effective, upon delivery of notice in the case of a Material Breach specified in Sections 9(b) and (c) and 10(d) and (e), and upon thirty (30) days’ notice in the case of any other Material Breach. In the case of any other Material Default, the nondefaulting party shall provide a notice to the defaulting party describing the Material Default. The defaulting party shall have ten (10) days from re- ceipt of such notice to cure such Material Default. In the event such Mate- rial Default cannot be cured within ten (10) days or is disputed by the de- faulting party, the parties shall exhaust the procedures set forth in Sec- tion 14. If the Material Default is not resolved pursuant to Section 14, the nondefaulting party may terminate upon thirty (30) days’ written notice. Notwithstanding the foregoing, upon the third occurrence of a curable Ma- terial Default, the nondefaulting party may terminate upon thirty (30) days’ written notice without exhausting the procedures set forth in Section 14. (b) Buyer may terminate this Agreement upon ninety (90) days’ written notice if it withdraws from engaging directly or indirectly in the CMF Business, provided, however, that Seller’s duty of Exclusivity shall lapse upon receipt of such notice. 7It is good practice, where possible, to distinguish between different kinds of de- faults (some being more material than others, and some being more susceptible of objective resolution than others) that may require different kinds of remedies. Here the supplier wanted to make sure it was paid and that the minimum pur- chases were made. The purchaser was more interested in delivery dates, com- petitive pricing and nonconforming goods.
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Termination Prior to End of Term 
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Related to Termination Prior to End of Term

  • Termination Prior to Expiration of Term This Section shall govern any termination of this Contract except as specifically provided in the following Section for termination for cause. The City reserves the right to terminate this Contract at any time, with or without cause, upon thirty (30) days’ written notice to Consultant, except that where termination is due to the fault of the Consultant, the period of notice may be such shorter time as may be determined by the Contract Officer. In addition, the Consultant reserves the right to terminate this Contract at any time, with or without cause, upon sixty (60) days’ written notice to City, except that where termination is due to the fault of the City, the period of notice may be such shorter time as the Consultant may determine. Upon receipt of any notice of termination, Consultant shall immediately cease all services hereunder except such as may be specifically approved by the Contract Officer. Except where the Consultant has initiated termination, the Consultant shall be entitled to compensation for all services rendered prior to the effective date of the notice of termination and for any services authorized by the Contract Officer thereafter in accordance with the Schedule of Compensation or such as may be approved by the Contract Officer, except as provided in Section 7.3. In the event the Consultant has initiated termination, the Consultant shall be entitled to compensation only for the reasonable value of the work product actually produced hereunder. In the event of termination without cause pursuant to this Section, the terminating party need not provide the non-terminating party with the opportunity to cure pursuant to Section 7.2.

  • Contents of Termination Notice A Termination Notice shall specify: (a) the nature of the relevant Event of Default; (b) a date and time, which shall be reasonable in the circumstances, at which termination is to take effect; and (c) whether the party serving the Termination Notice reasonably considers that the Event of Default is capable of remedy, and where the relevant Event of Default is capable of remedy: (i) the steps which the party serving the Termination Notice believes are reasonably required to remedy the Event of Default; and (ii) a reasonable grace period within which such steps may be taken (where the Event of Default is a failure of the Train Operator to pay Track Charges or other amounts due, seven days is a reasonable grace period).

  • Commencement of Term (a) The Premises shall be deemed substantially completed upon the issuance of a certificate of substantial completion by Landlord's architect or a certificate of occupancy by the local building authority, notwithstanding that minor or insubstantial details of construction, mechanical adjustment or decoration remain to be performed. If the substantial completion of the Premises by Landlord is delayed in any way by Tenant or Tenant's Representatives, the Premises shall be deemed substantially completed for purposes of this Section on the date when they would have been substantially completed but for such delay. (b) Tenant's taking possession of the Premises shall be conclusive evidence that the Premises were in good order, condition and repair when Tenant took possession, except for those matters (for which Landlord is responsible as provided in this Lease) of which Tenant gives Landlord notice within 10 days after taking possession. Landlord shall complete or repair such matters as soon as reasonably possible. (c) If Landlord is unable to deliver possession of the Premises to Tenant within 180 days after the Expected Commencement Date (the Outside Commencement Date), then Tenant, as its sole remedy, may terminate this Lease by notice to Landlord given within 10 days after the Outside Commencement Date. The Outside Commencement Date shall be extended by the period of any delay described in Section 1(a). Landlord shall not be liable to Tenant or any third party for its failure to deliver possession of the Premises to Tenant. If the Commencement Date does not occur within one year after the Expected Commencement Date, this Lease shall terminate and Landlord and Tenant shall have no further obligations to the other, except as may otherwise be provided in this Lease. (d) After the Commencement Date has been determined, Landlord and Tenant shall execute a supplemental agreement specifying the Commencement Date, Termination Date and such other information as Landlord shall reasonably require.

  • Vacating at End of Term; Renewal This Agreement does not automatically renew, and Owner is not obligated to renew it. Owner reserves the right to contract with others for the premises at any time, for occupancy commencing after the End Date. The parties mutually agree that Resident’s tenancy and right of occupancy will end automatically on the End Date and that this provision constitutes notice of termination on the End Date. Upon termination or expiration of this Agreement for any reason, Resident will immediately vacate and relinquish the bedroom space and entire apartment, and all of Owner’s fixtures, in a clean and sanitary condition, including removing all trash. Resident will pay all utility and service bills to the bedroom space and apartment (except those provided by Owner as specified above) and cancel all utility accounts in the name of Resident. Resident will return to Owner all keys issued to Resident by Owner. If all keys issued to Resident are not returned promptly to Owner, Resident will pay all costs associated with re-keying or reprogramming locks for the bedroom space and/or apartment, along with the cost of key replacement. If Resident fails to vacate the bedroom space and apartment by the end of the Term or upon earlier termination of the Agreement, Resident will pay an administrative fee in the amount of $300.00 plus agreed holdover charges equal to three (3) times the daily pro-rated housing charges during the Term (but not more than the amount provided by law), plus associated expenses, including attorneys’ fees as allowed by law. In no event after termination or expiration of this Agreement will it be deemed to be renewed or extended.

  • Damage Near End of Term If at any time during the last six (6) months of the term of this Lease there is damage for which the cost to repair exceeds one month's Base Rent, whether or not an Insured Loss, Lessor may, at Lessor's option, terminate this Lease effective sixty (60) days following the date of occurrence of such damage by giving written notice to Lessee of Lessor's election to do so within thirty (30) days after the date of occurrence of such damage. Provided, however, if Lessee at that time has an exercisable option to extend this Lease or to purchase the Premises, then Lessee may preserve this Lease by (a) exercising such option, and (b) providing Lessor with any shortage in insurance proceeds (or adequate assurance thereof) needed to make the repairs on or before the earlier of (i) the date which is ten (10) days after Lessee's receipt of Lessor's written notice purporting to terminate this Lease, or (ii) the day prior to the date upon which such option expires. If Lessee duly exercises such option during such period and provides Lessor with funds (or adequate assurance thereof) to cover any shortage in insurance proceeds, Lessor shall, at Lessor's expense repair such damage as soon as reasonably possible and this Lease shall continue in full force and effect. If Lessee fails to exercise such option and provide such funds or assurance during such period, then this Lease shall terminate as of the date set forth in the first sentence of this Paragraph 9.5.