Upon Expiration of Term Sample Clauses

The "Upon Expiration of Term" clause defines the rights and obligations of the parties when the agreed contractual period comes to an end. Typically, this clause outlines what actions must be taken at the conclusion of the contract, such as returning property, ceasing services, or settling outstanding payments. By clearly specifying the steps to be followed at the end of the contract, it helps prevent disputes and ensures a smooth transition or closure of the business relationship.
Upon Expiration of Term. All Improvements on the Premises at the expiration or earlier termination of the Term of this Lease shall, without additional payment to Tenant, then become County's property free and clear of all claims to or against them by Tenant and free and clear of all liens and claims arising from Tenant's use and occupancy of the Premises, and with Taxes paid current as of the expiration or termination date. Tenant shall upon the expiration or earlier termination of the Term deliver possession of the Premises and the Improvements to County in a well-maintained condition consistent with the requirements of this Lease.
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Upon Expiration of Term. All Improvements on the Premises at the expiration or earlier termination of the Term of this Lease shall, without compensation to Tenant, then become County’s property free and clear of all claims to or against them by Tenant and free and clear of all Leasehold Mortgages and any other liens and claims arising from Tenant’s use and occupancy of the Premises, and with Taxes paid current as of the expiration or termination date. Tenant shall upon the expiration or earlier termination of the Term deliver possession of the Premises and the Improvements to County in a well- maintained condition consistent with the requirements of this Lease, taking into account reasonable wear and tear and the age of the Improvements. (a) County retains the right to require Tenant, at Tenant’s cost, to remove, demolish and clear all vertical above-ground Improvements and remediate any water features, sand traps or feature not buried beneath the surface of the Landfill Final Cover, located on the Premises at the expiration or termination hereof. Said removal shall include leveling the Premises, the removal of any underground obstructions, and the compaction of filled excavations to ninety percent (90%) compaction. (b) In order to ensure that Tenant has sufficient funds reserved for such removal, demolition and clearing County, three (3) years prior to the expiration of the Term, may request and Tenant must deliver an estimate showing estimated costs for the removal, demolition and clearing. In addition at that time, County may request and Tenant shall establish a separate account, in a bank or other financial establishment approved by Chief Real Estate Officer, containing sufficient funds to cover the anticipated expense of the demolition and clearing (the “Restoration Fund”) and Tenant shall have the right at such time to transfer all funds remaining in Tenant’s Capital Improvement Fund for application to such demolition and clearing costs. Upon approval of Chief Real Estate Officer Tenant may provide assurance of removal in one of the forms set forth in Section 3.9. Such funds shall be maintained for the duration of the Lease Term and expended solely for the demolition and clearing under this Section. The funds shall also be explicitly available to the County for such removal in the event that Tenant does not comply with the terms of this Section upon the time periods set forth herein. To the extent that Tenant does not comply with the terms of this Section upon the time perio...
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Upon Expiration of Term. Upon the expiration of the term of this Agreement pursuant to the first paragraph of Section 7, the Corporation will provide the following:
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Upon Expiration of Term. Unless otherwise terminated as provided for in this Agreement, upon expiration of the Term of any Licensed Product on a country-by-country basis the License, with respect to such country and such Licensed Product, will be automatically converted to a fully paid-up, royalty–free, non-exclusive perpetual license that grants LICENSEE the same bundle of rights as the License, including all the rights under Section 2.1(b) to grant sublicenses.
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Upon Expiration of Term. This Agreement shall terminate at the end of the Initial Term or, if renewed in accordance with Section 2: Term, then this Agreement shall terminate at the end of the Renewal Term.
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Upon Expiration of Term. Notwithstanding the foregoing, the Executive shall provide the Company with at least sixty (60) days written notice, prior to the expiration of the Initial Term or extended term, that he does not wish to extend the Term, pursuant to Section 2 of this Agreement, and the Company shall provide the Executive with at least sixty (60) days written notice, prior to the expiration of the Initial Term or extended term, that it does not wish to extend the Term, pursuant to Section 2 of this Agreement.
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Upon Expiration of Term. Corporation will continue to provide ▇▇▇▇▇▇▇▇▇ with all medical, dental, group life, long-term care and long-term disability insurance benefits to which ▇▇▇▇▇▇▇▇▇ was entitled prior to the expiration of the Term until September 30, 2013; provided that such continued participation is possible under the general terms and provisions of such benefit plans or insurance policies. In the event ▇▇▇▇▇▇▇▇▇’▇ continued participation in any such benefit plan or insurance policy is barred by the provisions of the plan or policy, Corporation will arrange to provide ▇▇▇▇▇▇▇▇▇ with benefits substantially similar to those which ▇▇▇▇▇▇▇▇▇ was entitled to receive under the plan or policy; provided, however, that any payments or reimbursements from Corporation that are not exempt from taxation under Sections 105 or 106 of the Internal Revenue Code must be made by Corporation no later than March 15, 2012.
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Upon Expiration of Term 
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Related to Upon Expiration 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.

  • Expiration of Term During the Initial Term or Renewal Term, whichever currently is in effect, should either party exercise its right to terminate, all out-of-pocket expenses or costs associated with the movement of records and material will be borne by the Fund. Additionally, the Transfer Agent reserves the right to charge for any other reasonable expenses associated with such termination.

  • Termination Upon Expiration Date The Trust shall automatically terminate on December 31, 20__ (the "Expiration Date") or earlier pursuant to Section 9.02.

  • Continued Employment Following Expiration of Term Nothing in this Agreement shall mandate or prohibit a continuation of Executive’s employment following the expiration of the term of this Agreement, upon such terms and conditions as the Bank and Executive may mutually agree.

  • Termination/Expiration Upon termination or expiration of this Lease, Tenant shall, at Tenant's cost, remove any equipment, improvements or storage facilities utilized in connection with any Hazardous Materials and shall clean up, detoxify, repair and otherwise restore the Premises to a condition free of Hazardous Materials, to the extent such condition is caused by Tenant or any assignee or subtenant of Tenant or their respective agents, contractors, employees, licensees or invitees.