Restriction of Right of Termination Sample Clauses

Restriction of Right of Termination. During or in respect of the Step-in Period, the Construction Contractor confirms to the Authority that it shall continue to observe and perform its duties and obligations under the Construction Contract and shall, without prejudice to Clause 5.1 (Rights of Termination), only be entitled to exercise its rights of termination under the Construction Contract: by reference to an Event of hubco Default arising during the Step-in Period provided that no event of default by hubco under the Design & Build Development Agreement (whether resulting in termination of the Design & Build Development Agreement or otherwise, and notwithstanding that it has occurred during the Step-in Period) shall entitle the Construction Contractor to exercise such rights of termination during the Step-in Period; or if the Authority, in breach of the terms of the Construction Contract, fails to pay when due any amount owed to the Construction Contractor or fails to perform or discharge when falling due for performance or discharge any obligation under the Step-in Undertaking or fails to procure such payment or performance or discharge; or if such rights of termination arise in circumstances where there is no default under the Construction Contract by the Authority or the Construction Contractor. Step-Out the Authority may, at any time, give the Construction Contractor at least [ thirty (30)] days' prior written notice to terminate the Step-in Period on a date specified in the notice (the "Step-out Date");
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Restriction of Right of Termination the Construction Contractor shall not be entitled to terminate the Construction Contract during the notice period specified in a Proposed Novation Notice. Information for Consent to Novation If the Proposed Novation Notice specifies the Authority as the Proposed Substitute, the Construction Contractor's consent to the novation shall be deemed to have been given automatically. Where the Proposed Substitute is not the Authority, a novation in accordance with a Proposed Novation Notice shall only be effective if the Construction Contractor consents to that novation in writing in accordance with Clause 4.3 (Grant of Consent) and Clause 5.1 (Rights of Termination) and the Authority shall (as soon as practicable) supply the Construction Contractor with the following information: the name and registered address of the Proposed Substitute; the names of the shareholders in the Proposed Substitute and the share capital owned by each of them; the names of the directors and the secretary of the Proposed Substitute; details of the means by which it is proposed to finance the Proposed Substitute (including the extent to which such finance is committed and any conditions precedent as to its availability for drawing); and the resources (including contractual arrangements) which are to be available to the Proposed Substitute to enable it to perform its obligations under the Construction Contract.
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Restriction of Right of Termination. During or in respect of the Step-in Period, the Contractor confirms to the Authority that it shall continue to observe and perform its duties and obligations under the Construction Contract and shall, without prejudice to Clause 5.1 (Rights of Termination), only be entitled to exercise its rights of termination under the Construction Contract: by reference to an Event of DBFM Co Default arising during the Step-in Period provided that no event of default by DBFM Co under the Design Build Finance and Maintain Agreement (whether resulting in termination of the Design Build Finance and Maintain Agreement or otherwise, and notwithstanding that it has occurred during the Step-in Period) shall entitle the Contractor to exercise such rights of termination during the Step-in Period; or if the Authority, in breach of the terms of the Construction Contract, fails to pay when due any amount owed to the Contractor or fails to perform or discharge when falling due for performance or discharge any obligation under the Step-in Undertaking or fails to procure such payment or performance or discharge; or if such rights of termination arise in circumstances where there is no default under the Construction Contract by the Authority or the Contractor. Step-Out The Authority may, at any time, give the Contractor at least [thirty (30)] days' prior written notice to terminate the Step-in Period on a date specified in the notice (the "Step-out Date"). The Authority shall give the Contractor at least [thirty (30)] days' prior written notice that (subject to Clause 4.4.2) the Step-in Period will end due to the occurrence (subject to Clause 4.7 (Extension of Step-in Period) of the first anniversary of the Step-in Date. provided that: the Authority has performed and discharged in full or procured the performance and discharge in full of any obligations of DBFM Co under the Construction Contract in relation to the maintenance of records and the provision of reports during the Step-in Period so as to permit the Contractor to monitor the performance of DBFM Co's other obligations under the Construction Contract; and all liability under the Step-in Undertaking pursuant to any claims made up to the date specified in either Clause 3.4.1 or Clause 3.4.2 (as the case may be) shall have been fully and unconditionally discharged.
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Restriction of Right of Termination. 5.1 Without prejudice to clause 5.2, during the period between the issue of a Termination Notice and the Step-in Date or the date on which the Authority's rights under clause 3 expire (whichever is the earlier) the Contractor undertakes to the Authority not to exercise any of its rights of termination under the Xxxxxx Construction Contract.
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Restriction of Right of Termination or 4.6 (Termination after Novation); or the Authority exercises its right to Step-out under Clause 1.1.1, the Contractor shall, on and from the Step-out Date, be entitled to: exercise all of its rights under the Construction Contract and act upon any and all grounds for termination available to it in relation to the Construction Contract whenever occurring; and/or pursue any and all claims and exercise any and all rights and remedies against Project Co. Project Co's Obligations to Continue Until completion of a novation pursuant to Clause 4.5 (Implementation of Novation) (unless the terms of such novation expressly preserve an obligation or liability of Project Co), Project Co shall continue to be liable for all its obligations and liabilities, whenever occurring, under or arising from the Construction Contract notwithstanding: the service of a Step-in Notice or the issue of a Step-in Undertaking or the expiry of the Step-in Period or the release of a Step-in Undertaking; or the service of a Proposed Novation Notice; or any other provision of this Agreement.
Sample 1

Related to Restriction of Right of Termination

  • Termination of Rights The Right of First Refusal and the Company's right to repurchase the Shares in the event of an involuntary transfer pursuant to Section 3(c) above shall terminate upon the first sale of Common Stock of the Company to the general public pursuant to a registration statement filed with and declared effective by the Securities and Exchange Commission under the Securities Act of 1933, as amended (the "Securities Act"). Upon termination of the Right of First Refusal and the expiration or exercise of the Repurchase Option, a new certificate or certificates representing the Shares not repurchased shall be issued, on request, without the legend referred to in Section 6(a)(ii) below and delivered to Purchaser.

  • Right of Termination This Agreement may be terminated at any time at or prior to the Closing:

  • Right of Termination and Re-Entry In the event of any breach of the payment of rent or any other allowed charge, or other breach of this Lease, Landlord shall have full rights to terminate this Lease in accordance with state law and re-enter and re-claim possession of the leased premises, in addition to such other remedies available to Landlord arising from said breach.

  • Retention of Rights 36.1 Clauses 5.2(b),6,7,8,9,11,12, 13, 14, 15 16, 22, 23, 35.1, 37 and 38 of this Section 2 and any relevant clauses listed under Section 4 shall continue in force following the termination of this Contract.

  • Effect of Termination of Agreement Upon the Termination Date or the Expiration Date, as applicable, any amounts then owing by a Party to the other Party shall become immediately due and payable and the then future obligations of Customer and Provider under this Agreement shall be terminated (other than the indemnity obligations set forth in Section 13). Such termination shall not relieve either Party from obligations accrued prior to the effective date of termination or expiration.

  • Termination of License 3.2.1 The Bank shall have, in the event of the Customer’s breach of or default under this Agreement and/ or the Bank being of the view that the Customer is not co-operating and/or complying with the terms and conditions of this Agreement, a right to terminate this Agreement and the license granted hereunder, after issuing to the Customer a prior written notice of not less than 3 (three) months by registered post or speed post (and also by (i) email where email id of the Customer is available; and (ii) SMS and/or WhatsApp where the mobile phone number of the Customer is available) (“Termination Notice”).

  • Effect of Termination Upon any expiration of the Term or termination of this Agreement, the obligations and rights of the parties hereto shall cease, provided that such expiration or termination of this Agreement shall not relieve the parties of any obligation or breach of this Agreement accruing prior to such expiration or termination, including, without limitation, all accrued payment obligations arising under Article 6. In addition, Article 5, Article 7, Section 2.12, Section 4.5, and this Section 4.6 shall survive the expiration or termination of this Agreement. For the avoidance of doubt, the rights of Registry Operator to operate the registry for the TLD shall immediately cease upon any expiration of the Term or termination of this Agreement.

  • Rights of Termination 10.1 The Company may in its sole discretion terminate this agreement by written notice to the Customer if:

  • Effect of Termination Notice Where Network Rail or the Train Operator has served a Termination Notice on the other:

  • Grant Remedies Termination and Prohibited Activities 18 9.1 Remedies 18 9.2 Termination for Convenience 19 9.3 Termination for Cause 19

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