ADVANCED TERMINATION Clause Samples

The Advanced Termination clause defines the conditions and procedures under which a contract may be ended before its natural expiration. Typically, this clause outlines specific triggers for early termination, such as breach of contract, insolvency, or mutual agreement, and may require advance notice or payment of termination fees. Its core practical function is to provide both parties with a clear, agreed-upon framework for ending their contractual relationship in exceptional circumstances, thereby reducing uncertainty and potential disputes.
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ADVANCED TERMINATION. By virtue of the subscription of this present agreement, for all legal purposes that may take place, PARTIES expressly convene that, effective as of the date of this present writing, the current duration of any pending obligation between them be terminated in advance in conformity with the CONTRACT and the AGREEMENT inasmuch as the majority of the obligations due it have been honored and satisfactorily complied with, including those of pecuniary nature, and that pending obligations have become not indispensable for the development of the mining project object of the operation.
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ADVANCED TERMINATION. This Agreement shall be terminated in advance according to the following paragraphs: 10. A.1. ALAMOS shall have the right to terminate this agreement at any time by giving written notice to MGS at least 30 (thirty) calendar days in advance of the effective termination date. From the date ALAMOS gives the advanced termination notice to MGS, ALAMOS shall be released from its obligation to make any further investments in the exploration of the CONCESSIONS, except for (i) that indicated in the last paragraph of Fifth Clause above; and (ii) the payment of duties on mining corresponding to the whole semester running at the time the termination notice is effective.
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ADVANCED TERMINATION. If, for causes external to the parties to this agreement, the trial should not begin on the established date, the sponsor reserves the right to cancel this agreement, giving written notification to the R&D managing entity and to the investigator. The agreement may also be cancelled by mutual agreement due to the impossibility of including a sufficient number of subjects, or if the trial is deemed unsafe or unjustified. It may also be cancelled unilaterally by the centre, the investigator or the sponsor with advance notice of one month. Once cancelled, the sponsor will issue the relevant settlement according to the economic report attached as an appendix.
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ADVANCED TERMINATION. Advanced shall have the right to terminate this Agreement as follows: (a) Upon * * advanced written notice, (i) if there is an Uncured KPI Failure (as defined herein). An "Uncured KPI Failure" occurs if (A) an audit identifies a KPI failure, and (B) the specific KPI failure identified by such audit has not been cured by the time a Follow-Up Audit is completed. A "Follow-Up Audit" is the audit commencing * * after UIC receives written notice from Advanced that an audit has revealed KPI failures; or (ii) in the event of a material breach by UIC of any other material provision of this Agreement (a "Breach") that is not cured within * * of the date upon which UIC received written notice from Advanced of such Breach. (b) Upon * * advanced written notice, for any other reason (an "Advanced Without-Cause Termination"). (c) In the event of any termination by Advanced pursuant to the terms of this Section 8, the exclusivity right granted to UIC pursuant to Section 1(a) of this Agreement shall be deemed waived as of the date UIC receives notice of such termination. Notwithstanding any such termination, Bayer and Advanced shall be obligated to pay the Advanced Service Amount for any Services provided hereunder through the date of termination and shall remain unconditionally obligated to make the Annual Payments thereafter, subject only to the offset rights set forth in Sections 2(d) or 3(a) of the Exchange Agreement dated as of the date hereof, by and among the Parties. Each of subsections (a)(i) and (a)(ii) are an "Advanced With-Cause Termination". Any failure to meet the standards set forth in subsections (a)(i) and (a)(ii) of this Section that is the result of a matter outside UIC's control, such as a failure by Advanced to perform any predicate obligation with respect to this Agreement that would render UIC's performance impossible shall not, in any event, be deemed an Advanced With-Cause Termination. The Parties agree and acknowledge that Bayer or Advanced may terminate the provision of the Services hereunder with respect to * * (i) without terminating this Agreement and (ii) without penalty, upon * * prior written notice.
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ADVANCED TERMINATION. For all legal effects that may take place, because it is so convenient to their respective interests and under the terms of the Thirteenth Clause of the CONTRACT, by virtue of the subscription of this present instrument PARTIES expressly agree in terminating in advance as of this date with the totality of the terms and conditions of the CONTRACT, as well as with any other written or verbal agreements related with the transfer of the ownership of the SHARES on the part of the SELLERS in favor of the PURCHASERS.
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Related to ADVANCED TERMINATION

  • Scheduled Termination Unless previously terminated, the Commitments shall terminate on the Commitment Termination Date.

  • Deemed Termination A full-time or regular part-time nurse shall lose all service and seniority and shall be deemed to have terminated if the nurse: (a) Leaves of their own accord. (b) Is discharged and the discharge is not reversed through the grievance or arbitration procedure. (c) Has been laid off for thirty-six (36) calendar months. (d) Refuses to continue to work or return to work during an emergency which seriously affects the Hospital's ability to provide adequate patient care unless a satisfactory reason is given to the Hospital. (e) Is absent from scheduled work for a period of three (3) or more consecutive working days without notifying the Hospital of such absence and providing a satisfactory reason to the Hospital. (f) Fails to return to work (subject to the provisions of 10.06 (e)) upon termination of an authorized leave of absence without satisfactory reason or utilizes a leave of absence for purposes other than that for which the leave was granted. (g) Fails upon being notified of a recall to signify their intention to return within twenty (20) calendar days after they have received the notice of recall mailed by registered mail to the last known address according to the records of the Hospital and fails to report to work within thirty (30) calendar days after they have received the notice of recall, or such further period of time as may be agreed upon by the parties.

  • Covered Termination “Covered Termination” shall mean Executive’s Constructive Termination or the termination of Executive’s employment by the Company other than for Cause.

  • Other Termination This Agreement may be terminated and the transactions contemplated hereby may be abandoned at any time prior to the Disaffiliation Date by either Party if: (a) prior to the Disaffiliation Date, there has been a material breach of any representation, warranty, covenant or agreement on the part of a Party set forth in this Agreement; provided, however, that, if such breach is curable by the breaching Party through the exercise of its commercially reasonable efforts and for so long as the breaching Party continues to exercise such commercially reasonable efforts (but in no event longer than thirty (30) days after the non-breaching Party’s written notification to the breaching Party of the occurrence of such breach), the non-breaching Party may not terminate this Agreement; or, (b) if all the conditions set forth in this Agreement have not been satisfied or waived on or before the Disaffiliation Date, unless such satisfaction has been frustrated or made impossible by any act or failure to act of non-breaching Party.

  • On Termination In the event this Agreement is terminated for any reason prior to the expiration of its original term or any renewal term, Owner shall indemnify, protect, defend, save and hold Manager and all of the other Indemnified Parties harmless from and against any and all claims, causes of action, demands, suits, proceedings, loss, judgments, damage, awards, liens, fines, costs, attorney's fees and expenses, of every kind and nature whatsoever (collectively, "Losses"), that may be imposed on or incurred by Manager by reason of the willful misconduct, gross negligence and/or unlawful acts (such unlawfulness having been adjudicated by a court of proper jurisdiction) of Owner.