Action Upon Sample Clauses

Action Upon. Certain Failures of the Master Servicer and upon Master Servicer Event of Termination ................. Section 7.05 Trustee to Act; Appointment of Successor ...................... Section 7.06
Action Upon. Certain Failures of the Master Servicer and Upon Event of Default....81 Section 6.20. Preparation of Tax Returns and Other Reports.....................................81 TABLE OF CONTENTS (CONTINUED) PAGE
Action Upon a Trigger Event --------------------------- Upon the occurrence of any Trigger Event described in sections 7.1(c), (d), (e), (f), (j), (k) and (m) the Concurrent Lessee or its authorized agent may, by notice to the Lessor, declare the Lease Termination Date to have occurred on the date specified in such notice, which date shall be not less than two Business Days subsequent to the date such notice is given to the Lessor. If a Portfolio Report discloses that any Trigger Event described in sections 7.1(n) through (p), inclusive, has occurred or if the Lessor gives notice to the Concurrent Lessee that any such Trigger Event has occurred, or if the Concurrent Lessee gives notice to the Lessor that the Concurrent Lessee has determined that any such Trigger Event has occurred, the Lease Termination Date shall occur automatically upon the delivery of such Portfolio Report or the giving of such notice by the Lessor to the Concurrent Lessee or by the Concurrent Lessee to the Lessor, as the case may be, without the necessity of any further notice. Upon the occurrence of any other Trigger Event described in section 7.1, the Lease Termination Date will occur automatically, without the necessity of any notice. Upon any such declaration or automatic occurrence, the Concurrent Lessee will have, in addition to its rights and remedies hereunder and under any documents related hereto, all other rights and remedies under applicable laws and otherwise, which rights and remedies will be cumulative; provided that, notwithstanding the foregoing, the Concurrent Lessee shall not have the right to sell, transfer, lease, encumber or otherwise dispose of all or any of its rights under the Concurrent Leases other than to the Credit Enhancer in accordance with the Credit Enhancement Agreement, it being the intention of the Lessor and the Concurrent Lessee that the Designated Eligible Leases will continue to be administered and serviced in accordance with the provisions of Article 6 hereof and that the Concurrent Leases will be liquidated in accordance with section 2.5. Notwithstanding the above, the Concurrent Lessee, with the consent of the Rating Agency and the Credit Enhancer, may waive any Trigger Event in its sole discretion.
Action Upon. Certain Failures of the Master Servicer and Upon Master Servicer Event of Default............151 ARTICLE IX TERMINATION 151 Section 9.01. Termination............................................151 Section 9.02. Termination Prior to Maturity Date; Optional Redemption...........................................151 Section 9.03. Certain Notices upon Final Payment.....................152 ARTICLE X MISCELLANEOUS PROVISIONS 153

Related to Action Upon

  • Termination Upon Sale Notwithstanding anything to the contrary contained herein, a Party may terminate its obligations under this Agreement as to a specific operating area or portion thereof if such Party sells or otherwise transfers the area or portion thereof to a non-Affiliate in compliance with the terms and conditions of this Agreement. The selling or transferring Party shall provide the other Party with at least sixty (60) Days prior written notice of such termination, which shall be effective on the date specified in the notice. Notwithstanding termination of this Agreement as to a specific operating area, this Agreement shall remain in full force and effect in the remaining operating areas.

  • Without limitation upon the provisions of Section 3.01 of this Agreement, and except as the Recipient and the Association shall otherwise agree, the Recipient shall ensure that the Project is carried out in accordance with the provisions of Schedule 2 to this Agreement.

  • Action Upon Termination (a) From and after the effective date of termination of this Agreement, pursuant to Sections 13, 14, or 15 of this Agreement, the Manager shall not be entitled to compensation for further services under this Agreement, but shall be paid all compensation accruing to the date of termination and, if terminated pursuant to Section 13 or Section 15(b), the applicable Termination Fee. Upon such termination, the Manager shall forthwith:

  • Termination Upon Notice Following thirty (30) days’ written notice, the State Entity may terminate the Contract in whole or in part without the payment of any penalty or incurring any further obligation to the Contractor. Following termination upon notice, the Contractor shall be entitled to compensation, upon submission of invoices and proper proof of claim, for goods and services provided under the Contract to the State Entity up to and including the date of termination.

  • Termination Upon Breach Either the Corporation or the Consultant may terminate this Agreement in the event of the breach of any of the material terms or provisions of this Agreement by the other party, which breach is not cured within 10 business days after notice of the same is given to the party alleged to be in breach by the other party.

  • Termination Upon Bankruptcy Either Party may terminate this Agreement if, at any time, the other Party shall (a) file in any court or agency pursuant to any statute or regulation of any state, country or jurisdiction, a petition in bankruptcy or insolvency or for reorganization or for an arrangement or for the appointment of a receiver or trustee of that Party or of its assets, (b) propose a written agreement of composition or extension of its debts, (c) be served with an involuntary petition against it, filed in any insolvency proceeding, and such petition has not been dismissed within sixty (60) days after the filing thereof, (d) propose or be a party to any dissolution or liquidation, (e) make an assignment for the benefit of its creditors or (f) admit in writing its inability generally to meet its obligations as they fall due in the general course.

  • Termination Upon Certain Events 16 16.2 Procedures.................................................................................16

  • Termination upon Death This entire Agreement will terminate immediately without further action of the parties upon the death of a natural person who is a party to this Agreement, or a general partner of a partnership that is a party to this Agreement.

  • Termination Upon Insolvency Either Party may terminate this Agreement if, at any time, the other Party shall file in any court or agency pursuant to any statute or regulation of any state, country or jurisdiction, a petition in bankruptcy or insolvency or for reorganization or for an arrangement or for the appointment of a receiver or trustee of that Party or of its assets, or if the other Party proposes a written agreement of composition or extension of its debts, or if the other Party shall be served with an involuntary petition against it, filed in any insolvency proceeding, and such petition shall not be dismissed within sixty (60) days after the filing thereof, or if the other Party shall propose or be a Party to any dissolution or liquidation, or if the other Party shall make an assignment for the benefit of its creditors.

  • Termination Upon a Change of Control If Executive’s employment by the Employer, or any Affiliate or successor of the Employer, shall be subject to a Termination within a Covered Period, then, in addition to Minimum Payments, the Employer shall provide Executive the following benefits: