Agreed Termination amend the Intercreditor Agreement by adding the following as a new Clause 4.4A “Agreed Termination”: “Each Obligor shall have the right (but not the obligation) to terminate (in full or in part) any transaction under a Hedging Document with the prior written consent of the relevant Hedging Bank, provided that no Default (or a default under any other senior secured debt) has occurred and is continuing at such time”. In addition, amend Clause 4.4(a) of the Intercreditor Agreement to include a new limb that states “for payments required to be made by an Obligor to a Hedging Bank following the termination of any transaction (in full or in part) under a Hedging Document in accordance with Clause 4.4A”.
Agreed Termination. The parties may agree to terminate the License at any time during the License Term in a writing signed by both parties.
Agreed Termination. 5.16 Activation of the time-out clause stated below.
Agreed Termination. The lease shall not be terminated until the expiration of this Agreement. If Party B intends to terminate this Agreement early, it shall notify Party A two months in advance, and pay Party A a default fine of three months rent after obtaining Party A’s consent.
Agreed Termination. This Contract may be terminated at any time by written agreement and in accordance with the ICCC Act between the Regulator and Post PNG.
Agreed Termination. The Parties can mutually agree to terminate this Localization Agreement in writing on terms mutually agreed upon at the time of termination.
Agreed Termination. This Agreement shall terminate at the end of the Term. Disposition of Ownership Interest Upon Expiration of the Term If one Party desires to continue operating the Tacoma LNG Facility beyond the expiration of the Term (the “Continuing Party”) and the other Party (the “Exiting Party”) desires to cease operations and decommission the Tacoma LNG Facility at the end of the Term, the Parties shall negotiate in good faith towards a mutually acceptable transfer of the Ownership Interests of the Exiting Party to the Continuing Party. Prior to any such transfer, PSE must give notice to the Commission. Puget LNG agrees to cooperate with PSE in connection with such notice. If the Parties fail to agree on such transfer then the provisions of Section 13.3 shall apply. Final Accounting and Settlement Upon termination of this Agreement, a final accounting of the operations of the Tacoma LNG Facility, including a balance sheet and a listing of the assets and liabilities of the Tacoma LNG Facility, shall be prepared and submitted to each Party. After paying or providing for payment of all liabilities, including liabilities to the Parties, after establishing reserves for contingent liabilities in the amounts that the Joint Operating Committee shall determine, after disposing or arranging for the disposition of all non-cash assets and property of the Tacoma LNG Facility, any funds remaining to the credit of the Tacoma LNG Facility shall be distributed to the Parties in accordance with their respective Ownership Interest. Whenever the Joint Operating Committee determines that all or any part of any reserve for contingent liabilities established by the Tacoma LNG Facility is no longer required for such purpose, the reserve or part thereof shall be distributed to the Parties in accordance with their respective Ownership Interests. Force Majeure Effect of Force Majeure Event An Affected Party is excused from performance and shall not be deemed in breach of this Agreement for so long as, and to the extent that, any failure to perform its obligations under this Agreement is due to a Force Majeure Event; provided, however, that under no circumstances will a Force Majeure Event excuse the Affected Party from any obligation to make payment of any amounts due hereunder (whether accruing prior to or after the occurrence of the Force Majeure Event). Suspension of any obligation as a result of a Force Majeure Event shall not affect any rights or obligations which may have accrued prior t...
Agreed Termination. The Parties may mutually agree to terminate this Agreement before the end of its term or to modify in writing the same in accordance with the provisions hereof.
Agreed Termination. The Office, the District, and the Company may mutually agree to terminate this Agreement. The Office in its sole discretion will determine if, as part of the agreed termination, the Company is required to pay any taxes it did not pay because of this Agreement.
