Additional Terminating Event Sample Clauses
An Additional Terminating Event clause defines specific circumstances, beyond the standard termination provisions, under which a contract may be ended by one or both parties. This clause typically lists particular events—such as regulatory changes, insolvency, or failure to meet certain obligations—that, if they occur, trigger the right to terminate the agreement. By clearly outlining these extra scenarios, the clause provides flexibility and protection, ensuring that parties can exit the contract if unforeseen or critical issues arise that are not covered by general termination terms.
Additional Terminating Event. The Owner shall have the right to ---------------------------- terminate this Agreement upon written notice to the Manager in the event ▇▇▇▇▇▇▇▇▇▇ shall die, become permanently or temporarily disabled or shall cease for reasons beyond his control to be actively involved in performing, on behalf of the Manager, the Development Functions and the other obligations and undertakings of the Manager hereunder. The Owner shall also have the right to terminate this Agreement upon written notice to the Manager in the event the Owner shall elect for any reason whatsoever not to acquire the Land.
Additional Terminating Event. The Owner shall have the right to ---------------------------- terminate this Agreement upon written notice to the Developer in the event the Owner shall elect for any reason whatsoever not to acquire the Land.