Withdrawal From or Termination of the Agreement Clause Samples

The 'Withdrawal From or Termination of the Agreement' clause defines the conditions and procedures under which a party may exit or end the contractual relationship. Typically, this clause outlines the specific events, notice requirements, and any obligations that must be fulfilled before withdrawal or termination can take effect, such as providing written notice or settling outstanding payments. Its core function is to provide a clear and structured process for ending the agreement, thereby reducing uncertainty and minimizing potential disputes between the parties.
Withdrawal From or Termination of the Agreement. Any partner to this Agreement may withdraw its participation in the MOU, in whole or in part, upon giving written notice of at least 30 days to the WDC, provided that a written explanation of the scope of withdrawal and the reasons for that withdrawal are included in the written notice. This MOU may be terminated at any time by mutual written consent of all partners. It is understood that the partners will seek to resolve all conflicts in order to avoid termination. The designated representative of each partner will be responsible to coordinate all matters associated with this MOU for their party, including all written notices.
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Withdrawal From or Termination of the Agreement. A. Expectations 1. Failure by any Project Signatory to (a) comply with the provisions of an enforceable implementing mechanism for this Project, or (b) act in accordance with the provisions of this Agreement. Any assessment of failure will take its nature and duration into account. 2. Failure of any Project Signatory to disclose material facts during development of the Agreement, including any Addenda. 3. Failure of the project to provide superior environmental performance consistent with the provisions of this Agreement. 4. Enactment or promulgation of any environmental, health or safety law or regulation after execution of the Agreement, that renders the project legally, technically or economically impracticable. In addition, Project Signatories do not intend to withdraw from the Agreement or its addenda if the Labs21 partner does not act in accordance with this Agreement or its implementation mechanisms, unless the actions constitute a substantial failure to act consistently with intentions expressed in this Agreement and its implementation mechanisms. A Labs21 partner will be given notice and a reasonable opportunity to remedy any “substantial failure” before EPA’s withdrawal. If there is a disagreement between the Project Signatories over whether a “substantial failure” exists, the parties will use the dispute resolution mechanism identified elsewhere in this Agreement. Regulatory authorities retain their discretion to use existing enforcement authorities, including withdrawal or termination of this Project, as appropriate. Labs21 partners retain any existing rights or abilities to defend themselves against any enforcement actions, in accordance with applicable procedures.
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Withdrawal From or Termination of the Agreement. Most Project XL Agreements use this section to describe steps which would be taken if the Project failed to achieve the anticipated environmental performance despite good faith efforts. In most cases, failure to achieve anticipated environmental performance would result in an orderly return to compliance with regulatory requirements that would have been in effect without the flexibility provided through Project XL. A. Expectations 1. Failure by any party to (a) comply with the provisions of the enforceable implementing mechanisms for this Project, or (b) act in accordance with the provisions of this Agreement. The assessment of the failure will take its nature and duration into account. 2. Failure of any party to disclose material facts during development of the Agreement. 3. Failure of the Project to provide superior environmental performance consistent with the provisions of this Agreement. 4. Enactment or promulgation of any environmental, health or safety law or regulation after execution of the Agreement, which renders the Project legally, technically or economically impracticable. 5. Decision by an agency to reject the transfer of the Project to a new owner or operator of the facility. In addition, EPA, [the State], [and the local authority] do not intend to withdraw from the Agreement if [the Project Sponsor’s name] does not act in accordance with this Agreement or its implementation mechanisms, unless the actions constitute a substantial failure to act consistently with intentions expressed in this Agreement and its implementing mechanisms. The decision to withdraw will, of course, take the failure’s nature and duration into account. [The Project Sponsor] will be given notice and a reasonable opportunity to remedy any “substantial failure” before EPA’s withdrawal. If there is a disagreement between the parties over whether a “substantial failure” exists, the parties will use the dispute resolution mechanism identified in section of this Agreement. EPA, the State of ...[name], and ...[any other signatory?] retain their discretion to use existing enforcement authorities, including withdrawal or termination of this Project, as appropriate. [The Project Sponsor] retains any existing rights or abilities to defend itself against any enforcement actions, in accordance with applicable procedures.”
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Withdrawal From or Termination of the Agreement 
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Related to Withdrawal From or Termination of the Agreement

  • Termination of the Agreement In the event of failure by the participant to perform any of the obligations arising from the agreement, and regardless of the consequences provided for under the applicable law, the institution is legally entitled to terminate or cancel the agreement without any further legal formality where no action is taken by the participant within one month of receiving notification by registered letter. If the participant terminates the agreement before its agreement ends or if he/she fails to follow the agreement in accordance with the rules, he/she shall have to refund the amount of the grant already paid, except if agreed differently with the sending organisation. In case of termination by the participant due to "force majeure", i.e. an unforeseeable exceptional situation or event beyond the participant's control and not attributable to error or negligence on his/her part, the participant shall be entitled to receive at least the amount of the grant corresponding to the actual duration of the mobility period. Any remaining funds shall have to be refunded, except if agreed differently with the sending organisation.

  • Amendment, Suspension or Termination of the Plan By accepting this Award, Participant expressly warrants that he or she has received an Award of Restricted Stock Units under the Plan, and has received, read and understood a description of the Plan. Participant understands that the Plan is discretionary in nature and may be amended, suspended or terminated by the Company at any time.

  • Amendment or Termination of Agreement This Agreement may be changed or terminated only upon the mutual written consent of the Company and Executive. The written consent of the Company to a change or termination of this Agreement must be signed by an executive officer of the Company after such change or termination has been approved by the Board.

  • Effect of Bankruptcy, Death, Incompetence or Termination of a Limited Partner The occurrence of an Event of Bankruptcy as to a Limited Partner, the death of a Limited Partner or a final adjudication that a Limited Partner is incompetent (which term shall include, but not be limited to, insanity) shall not cause the termination or dissolution of the Partnership, and the business of the Partnership shall continue if an order for relief in a bankruptcy proceeding is entered against a Limited Partner, the trustee or receiver of his estate or, if he dies, his executor, administrator or trustee, or, if he is finally adjudicated incompetent, his committee, guardian or conservator, shall have the rights of such Limited Partner for the purpose of settling or managing his estate property and such power as the bankrupt, deceased or incompetent Limited Partner possessed to assign all or any part of his Partnership Interest and to join with the assignee in satisfying conditions precedent to the admission of the assignee as a Substitute Limited Partner.

  • Administrator Termination Events; Termination of the Administrator (a) Subject to clause (d) below, the Administrator may resign its duties hereunder by providing the Issuer with at least sixty (60) days’ prior written notice. (b) Subject to Section 3.15 of the Indenture, the Issuer may remove the Administrator without cause by providing the Administrator with at least sixty (60) days’ prior written notice. (c) The occurrence of any one of the following events (each, an “Administrator Termination Event”) shall also entitle the Issuer, subject to Section 21 hereof, to terminate and replace the Administrator: (i) any failure by the Administrator to duly observe or perform in any respect any other of its covenants or agreements in this Agreement, which failure materially and adversely affects the rights of the Issuer or the Noteholders, and which continues unremedied for 90 days after discovery thereof by a Responsible Officer of the Administrator or receipt by the Administrator of written notice thereof from the Indenture Trustee or Noteholders evidencing a majority of the Note Balance of the Outstanding Notes, voting together as a single class; or (ii) the Administrator suffers a Bankruptcy Event; provided, however, that if any delay or failure of performance referred to under clause (c)(i) above shall have been caused by force majeure or other similar occurrence, the 90 day grace period referred to in such clause (c)(i) shall be extended for an additional 60 calendar days. (d) If an Administrator Termination Event shall have occurred, the Issuer may, subject to Section 21 hereof, by notice given to the Administrator and the Owner Trustee, terminate all or a portion of the rights and powers of the Administrator under this Agreement, including the rights of the Administrator to receive the annual fee for services hereunder for all periods following such termination; provided, however that such termination shall not become effective until such time as the Issuer, subject to Section 21 hereof, shall have appointed a successor Administrator in the manner set forth below. Upon any such termination or upon a resignation of the Administrator in accordance with Section 8(a) hereof, all rights, powers, duties and responsibilities of the Administrator under this Agreement shall vest in and be assumed by any successor Administrator appointed by the Issuer, subject to Section 21 hereof, pursuant to a management agreement between the Issuer and such successor Administrator, containing substantially the same provisions as this Agreement (including with respect to the compensation of such successor Administrator), and the successor Administrator is hereby irrevocably authorized and empowered to execute and deliver, on behalf of the Administrator, as attorney-in-fact or otherwise, all documents and other instruments, and to do or accomplish all other acts or things necessary or appropriate to effect such vesting and assumption. Further, in such event, the Administrator shall use its commercially reasonable efforts to effect the orderly and efficient transfer of the administration of the Issuer to the new Administrator. No resignation or removal of the Administrator shall be effective until a successor Administrator shall have been appointed by the Issuer. (e) The Issuer, subject to Section 21 hereof, may waive in writing any Administrator Termination Event by the Administrator in the performance of its obligations hereunder and its consequences. Upon any such waiver of a past Administrator Termination Event, such Administrator Termination Event shall cease to exist, and any Administrator Termination Event arising therefrom shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other Administrator Termination Event or impair any right consequent thereon.