Termination Requirements Clause Samples
The Termination Requirements clause outlines the specific conditions and procedures that must be followed when ending an agreement. It typically details the notice period required, the acceptable methods for delivering notice, and any obligations that must be fulfilled before or after termination, such as returning confidential information or settling outstanding payments. By clearly defining these steps, the clause ensures both parties understand their responsibilities, thereby reducing disputes and facilitating an orderly conclusion to the contractual relationship.
Termination Requirements. This Agreement may only be terminated by consent of all Equity Members, and upon full and complete liquidation of all liabilities, including, but not limited to, the Revenue Bonds. Upon the date of termination (hereinafter “Termination Date”), payment of any and all obligations and division of any and all assets of the SBWMA shall be conducted subject to the then-applicable requirements of the law (currently California Government Code §6511 et seq.), pursuant to the following:
a. In the event of termination of the SBWMA where there is a successor public entity that will conduct all of the activities of the SBWMA and will assume all of its obligations, any and all SBWMA assets and liabilities remaining upon termination of the SBWMA shall be transferred to the successor public agency.
b. If there is no successor public agency that would conduct the SBWMA's activities, all assets and liabilities shall be apportioned to each Member in proportion to the contribution of each current Member's ratepayers’ total contribution during the Term of this Agreement. A reference to ratepayers' contribution means payment of Collection fees under each Member’s respective Uniform Franchise Agreement.
c. If there is a successor public agency that would conduct some of the SBWMA's activities, then the Board shall allocate the SBWMA's assets and liabilities between the successor public agency and the Members. In this case, the Members’ portion of the allocation shall be allocated based on Section 16.1(b).
d. In the event the SBWMA is terminated under circumstances falling within (b) or (c) above, all decisions of the Board with regard to determinations of amounts to be transferred to the Members or any successor shall be final.
e. The obligations of the SBWMA terminate on the Termination Date, and each Member shall pay all amounts owed to the SBWMA prior to that date. In the event of default by a Member with regard to payment of amounts due, the obligation to pay all sums due to the SBWMA shall survive and remain in full force after the Termination Date.
f. By unanimous agreement of Equity Members, Equity Members may dispose of, divide, distribute, or return assets on a basis different from that established in this Section 16.1.
Termination Requirements. Termination shall be made in writing, including the reason/s for termination in the case of a termination according to numbers 10.2 and 10.3.
Termination Requirements. This Agreement may only be terminated by consent of all Members, and upon full and complete liquidation of all liabilities, including, but not limited to, the Revenue Bonds and other indebtedness, if any. Upon the date of termination (“Termination Date”), payment of any and all obligations and division of any and all assets of the Authority shall be conducted subject to the then applicable requirements of the law (currently Section 6511, et seq., of the Act) as follows:
(a) In the event of termination of the Authority where there is a successor public entity that will conduct all of the activities and assume all of its obligations, any and all Authority assets and liabilities remaining upon termination shall be transferred to the successor public agency.
(b) If there is no successor public agency that would conduct the Authority’s activities, all assets and liabilities, including surplus money, shall be apportioned to each Member in proportion to population.
(c) If there is a successor public agency that would conduct some of the Authority’s activities, then the Board shall allocate the Authority’ assets and liabilities, including surplus money, between the successor public agency and the Members. In such case the Member’s portion of the allocation shall be based on subparagraph (b) above.
(d) By unanimous agreement of the Members, assets and liabilities may be disposed of, divided or distributed on a basis different from that established in this Article 13.
Termination Requirements. 21 Section 16.17. Address of Notices. ....................................... 21 Section 16.18.
Termination Requirements. At the end of the term of this ------------- ------------------------ Lease or any renewal thereof or other similar termination of this Lease, the Tenant will peaceable deliver up to Landlord possession of the Demised Premises, together with all improvements or additions belonging unto Landlord, in the same condition as received or first installed, ordinary wear and tear, damage by fire, earthquake, casualty, acts of God, the elements, third parties, or beyond Tenant's control excepted and repairs and other work which are the responsibility of Landlord also excepted. Tenant may, upon the termination of this Lease, remove all movable furniture and equipment belonging to Tenant including without limitation any raised flooring installed in Tenant's computer room, any ▇▇▇▇▇▇ systems, CPU's halon systems, battery backup systems and similar equipment installed in connection with Tenant's computer facility, together with all other items installed by and paid for by Tenant. Tenant shall repair any damage caused by such removal to the extent such repair is required to permit the replacement tenant to occupy the Demised Premises. Any property not so removed by Tenant shall be deemed abandoned by Tenant and title to the same shall thereupon pass to the Landlord.
Termination Requirements. The Project Sponsor and the Agent will comply with the noncompliance and termination provisions in 2 CFR Part 200. In addition to the remedies for non- compliance in 2 CFR §200.339, and in accordance with 2 CFR §§200.339 and 340, the Agent may suspend or terminate this Contract in whole or in part if the Project Sponsor fails to comply with any terms and conditions of this Contract or upon the occurrence of any Event of Default or any other breach of this Contract. The Agent can withhold all funding and disbursements, demand repayment for amounts disbursed, terminate all payments, and/or exercise all rights and remedies available to it under the terms of this Contract, under statutory law, equity or under common law. If the Agent terminates this Contract, the Project Sponsor shall also forfeit to the Agent all unexpended monies awarded under the Contract. The Project Sponsor may also be required to refund all HOPWA funds awarded by the Agent. In accordance with 2 CFR §200.340, the Agent can terminate the Contract with the consent of the Project Sponsor in which case the Project Sponsor and the Agent must agree upon the termination conditions, including the effective date, and in the case of partial termination, the portion to be terminated. In accordance with 2 CFR §200.340(a)(4), the Contract may also be terminated by the Project Sponsor or the Agent with written notification setting forth the reason for such termination, the effective date and, in the case of partial termination, the portion to be terminated. However, if the Agent determines in the case of partial termination that the reduced or modified portion of the award will not accomplish the purposes for which the award was made, the Agent may terminate the award in its entirety. If this award is terminated or partially terminated, the Project Sponsor remains responsible for compliance with the closeout requirements in 2 CFR §200.344 and post-closeout requirements set forth in 2 CFR §200.345. All remedies shall be deemed cumulative and, to the extent permitted by law, the election of one or more remedies shall not be construed as a waiver of any other remedy the Agent may have available to it.
Termination Requirements. Upon termination of this Agreement IPOST shall (unless it exercises its purchase option), within 30 days of said termination, return to DMT, or destroy, the Licensed Property together with all copies, modifications, and merged portions in any form. If IPOST chooses to destroy the Licensed Property, and all copies, modifications, and merged portions thereof, it shall certify to DMT in writing that the destruction has taken place and that IPOST no longer has in its possession, nor has it transferred to the possession of anyone else, the Licensed Property or any media containing same or any portion thereof
Termination Requirements. Upon termination you must immediately cease to use IPFX. Termination of FX transactions that have been completed may also occur as set out in the Special Terms and Conditions.
Termination Requirements. This Agreement may only be terminated by consent of all Members, and upon full and complete liquidation of all liabilities, including, but not limited to, certificates of participation, notes, revenue bonds and other indebtedness, if any. Upon the date of termination (“Termination Date”), payment of any and all obligations and division of any and all assets of the Authority shall be conducted subject to the then applicable requirements of the law (currently Section 6511, et seq., of the Act) as follows:
(a) In the event of termination of the Authority where there is a successor public entity that will conduct all of the activities and assume all of its obligations, any and all Authority assets and liabilities remaining upon termination shall be transferred to the successor public agency.
(b) If there is no successor public agency that would conduct the Authority’s activities, all assets and liabilities, including surplus money, shall be apportioned to each Member in proportion to population.
Termination Requirements. Upon termination of this Agreement, you will immediately cease use of, and remove from your site, all affiliate links to the Target Domain and all Target-related Content. You agree to return to Target any and all documents or other media embodying Target’s image, marks, or other intellectual property, and you agree that you will not (a) use the Target name, or any variation thereof, in any manner not expressly authorized by us; (b) create, publish or distribute any materials, written or verbal, that make reference to Target or any individual within Target, without first submitting such material to us and receiving our prior written consent, which we may withhold in our sole discretion; and (c) use the Target name to disparage Target, its products or services, or in a manner that, in our sole judgment, may diminish or otherwise damage the goodwill in our name, Licensed Materials and/or our products and services.