Automatic Expiration Sample Clauses

Automatic Expiration. This MOU and the Early Notification Retirement Allowance set forth herein shall be effective for the 2017-2018 school year only and unless the parties agree in writing to an extension, this MOU shall automatically expire on June 30, 2018.

Automatic Expiration. Notwithstanding any other provision herein, if this Agreement has not been previously terminated, the Contingency shall automatically expire on the date that is ten (10) days after the Contingency Deadline and thereafter shall not be a condition to Purchaser’s obligation to close on the purchase of the Property. FROM AND AFTER THAT DATE, PURCHASER SHALL NOT HAVE THE RIGHT TO TERMINATE THIS AGREEMENT FOR FAILURE OF THE CONTINGENCY TO BE MET OR SATISFIED. 4. THIRD PARTY OFFERS; TERMINATION BY SELLER. Purchaser acknowledges that Seller shall continue to market the Property so long as the Contingency remains in effect. If Seller receives a bona fide offer to purchase the Property from a third party during such period, then Seller shall notify Purchaser that it has received such offer. Purchaser shall then have forty-eight (48) hours from receipt of such notice to notify Seller that Purchaser waives the contingency to Purchaser’s performance stated in this Addendum, in which event the contingency shall become void and have no further force or effect. If Purchaser does not so notify Seller within that time period, then Seller may terminate this Agreement upon written notice to Purchaser, in which event Seller shall refund all ▇▇▇▇▇▇▇ Money to Purchaser, Seller shall retain all Option Money, if any, and thereafter neither party shall have any further liability or obligation to the other under this Agreement. 5.

Automatic Expiration. Notwithstanding anything in this Guaranty to the contrary, this Guaranty shall automatically expire without additional notice or action, upon the earlier to occur of (i) the payment or satisfaction in full of all of the Quarterly Minimum Royalty Payments due from Hillsboro Energy to WPP beginning with such payment due on April 20, 2019 and ending with such payment due on January 20, 2033, (ii) if, prior to such date the Lease is terminated as a result of a bankruptcy event of Hillsboro Energy, the payment or satisfaction in full of the Lease Termination Payment Obligations and (iii) an accepted Surrender Offer under Section 19 of the Lease of even date herewith, provided all Quarterly Minimum Royalty Payments accrued as of the effective date of termination have been paid in full to WPP.

Automatic Expiration. This Agreement automatically terminates at the end of the term as described in Section 3 (Term of Agreement) above. The University has no obligation to offer an Occupant a renewal of this Agreement at the end of the term and may choose not to do so for any reason or no reason.

Automatic Expiration. This Wellness Program provision will automatically expire at the end of the contract unless the parties agree in writing to extend this provision. ▇▇▇▇▇ , ▇▇▇▇ 4/16/1990 ▇▇▇▇▇▇ , ▇▇▇▇▇▇▇ 4/3/2006 ▇▇▇▇▇▇▇▇▇▇ , ▇▇▇▇▇▇▇▇ 11/28/1988 ▇▇▇▇▇▇▇ , ▇▇▇▇▇▇▇ 9/7/1971 ▇▇▇▇▇▇▇▇▇ , ▇▇▇▇ 6/28/1999 ▇▇▇▇▇▇ , ▇▇▇▇▇▇▇ 9/10/2007 ▇▇▇▇▇▇▇ , ▇▇▇▇▇ 9/7/1999 ▇▇▇▇▇▇▇▇ , ▇▇▇▇▇▇▇ 8/26/1998 ▇▇▇▇▇▇ , ▇▇▇▇▇▇ 4/18/2011 ▇▇▇▇▇▇▇▇ , ▇▇▇▇▇▇ 4/10/2000 ▇▇▇▇ , ▇▇▇▇▇▇▇ 7/21/2008 ▇▇▇▇▇▇▇▇ , ▇▇▇▇ 11/2/1981 ▇▇▇▇▇▇ , ▇▇▇▇▇▇▇ 3/26/1984 ▇▇▇▇▇▇ , ▇▇▇▇▇ 11/17/1987 ▇▇▇▇▇ , ▇▇▇▇▇ 5/30/2001 ▇▇▇▇▇▇▇▇▇▇▇▇▇ , ▇▇▇▇▇ 4/18/2011 ▇▇▇▇▇▇ , ▇▇▇▇▇▇ 1/2/2001 ▇▇▇▇▇▇▇▇ , ▇▇▇▇▇ 4/14/1997 ▇▇▇▇▇ , ▇▇▇▇▇▇▇▇ 7/21/2008 ▇▇▇▇▇▇▇ , ▇▇▇▇▇▇ 11/26/2007 ▇▇▇▇▇▇ , ▇▇▇▇▇▇▇ 1/4/1988 ▇▇▇ , ▇▇▇▇▇▇▇▇ 9/21/2004 ▇▇▇▇ , ▇▇▇▇▇ 2/28/2011 ▇▇▇▇▇▇ , ▇▇▇▇▇▇▇▇▇▇ 5/22/1989 ▇▇▇▇▇▇▇ , ▇▇▇▇ 4/1/1979 ▇▇▇▇▇▇▇▇▇▇ , ▇▇▇▇▇▇ 7/29/1985 ▇▇▇▇▇▇▇▇ , ▇▇▇▇▇ 6/1/1982 ▇▇▇▇▇ , ▇▇▇▇▇▇▇ 6/30/1999 ▇▇▇▇▇ , ▇▇▇▇▇▇ 5/26/1987 ▇▇▇▇▇ , ▇▇▇▇▇▇▇ 6/30/1986 ▇▇▇▇▇▇ , ▇▇▇▇▇▇▇▇ 11/14/2006 ▇▇▇▇▇▇ , ▇▇▇▇ 2/6/2001 ▇▇▇▇▇▇▇▇ , ▇▇▇▇▇▇▇ 2/6/2001 ▇▇▇ , ▇▇▇▇ 5/16/1979 ▇▇▇▇▇▇▇▇ , ▇▇▇▇ 5/30/2001 This supplemental Agreement is between the Public Library of Youngstown and Mahoning County (“Employer”) and the Public Librarians Association of Youngstown (“Union”). The purpose of this Agreement is to set forth the understandings of the parties concerning the use of a Work/Study Librarian by the Library to work with the professional librarians and to set forth certain terms and conditions of the work of such Work/Study Librarians. The parties have agreed to the terms and conditions of a Work/Study Librarian Program dealing with the use of apprentice librarians by the Employer:

Automatic Expiration. If at any time after the Date of Issuance the Market Price for the Common Stock exceeds $30.00 per share (subject to adjustment for reverse and forward stock splits, stock combinations and other similar transactions of the Common Stock that occur after the date hereof) over the course of any twenty (20) consecutive Trading Days (the occurrence of such event, a “Threshold Event”), then the Company may, at any time following the occurrence of such Threshold Event, provide notice to the Holder (an “Expiration Notice”), at the address of the Holder recorded in the Company’s books, indicating that the Warrant shall expire on the expiration date set forth in the Expiration Notice (the “Expiration Date”), which date shall not be earlier than twenty (20) Trading Days following the date upon which the Company delivers such Expiration Notice to the Holder, after which, all rights of the Holder under this Warrant shall terminate.

Automatic Expiration. Notwithstanding Section 2.I above, the Put Option shall automatically expire prior to December 31, 2001 in the event that MetaMorphix has raised an aggregate of Eight Million Dollars ($8,000,000) or more, in cash and/or non-cash consideration. through(a) an equity financing or equity financings or (b) the transfer to Investor and/or one or more third parties of any rights or assets relating to one or more MetaMorphix Factors (as that term is defined in the 1999 Collaboration Agreement). Only consideration actually received by MetaMorphix on or before December 31, 2001 shall be considered in determining whether such Eight Million Dollars ($8,000,000) has been raised. Any consideration received by MetaMorphix in a form other than cash shall, for purposes of this Agreement. be considered to have been received as cash in an amount equivalent to the fair market value, as determined in good faith by GI and MetaMorphix' Board of Directors, of such non-cash consideration at the time received. MetaMorphix shall promptly notify, in writing, Investor and GI upon the occurrence of any events which result in the expiration of this Put Option, PROVIDED, HOWEVER, that any failure to give or delay in giving such notice shall have no effect upon the expiration of the Put Option. Upon notice of expiration of the Put Option pursuant to this Agreement. Investor shall promptly surrender and return this original Agreement to GI for cancellation.

Automatic Expiration. This Lease shall automatically expire and terminate at the end of the term hereof, without any further action by LANDLORD or TENANT. Subject to TENANT'S right to exercise its option under paragraph 2.04 of this Lease, at the expiration or earlier termination of this Lease, TENANT shall peaceably deliver up and surrender possession of the leased property to LANDLORD in the same condition as TENANT has agreed herein to maintain the same during the term hereof, except for losses by casualty when such losses are covered by insurance (repaired, or replaced or paid over to LANDLORD) and takings by eminent domain or otherwise where compensation is paid heretofore stated.

Automatic Expiration. Notwithstanding any other provision herein, if this Agreement has not been previously terminated, the Contingency shall automatically expire on the date that is ten (10) days after the Contingency Deadline and thereafter shall not be a condition to Purchaser’s obligation to close on the purchase of the Property. FROM AND AFTER THAT DATE, PURCHASER SHALL NOT HAVE THE RIGHT TO TERMINATE THIS AGREEMENT FOR FAILURE OF THE CONTINGENCY TO BE MET OR SATISFIED.