Automatic Termination Events Clause Samples

Automatic Termination Events. This Agreement shall terminate automatically as to all Parties and without the need for notice in the event that: (a) the Support Agreement has been terminated for any reason under Section 12 of the Support Agreement (other than in respect of a termination pursuant to Section 12(d) or 12(e) of the Support Agreement); (b) by 11:59 p. m. (Toronto time) on May 12, 2018, the Advisors have not given written notice to the Company that Private Placement Parties holding at least 90% of the aggregate Private Placement Commitments as of the date hereof have agreed to a term sheet setting out the principal terms of the governance structure of the Company and the registration rights of certain holders of Common Shares following the Effective Time, in form and substance acceptable to the Company, acting reasonably and such Private Placement Parties (the “Governance Term Sheet”); or (c) Private Placement Parties collectively holding more than 10% of the Private Placement Commitments have terminated this Agreement in respect of themselves pursuant to Section 10(b).

Automatic Termination Events. The proviso to the first sentence of Section 2.2 of the Agreement is amended to read as follows: "provided that, automatically upon the occurrence of any event (without any requirement for the passage of time or the giving of notice) described in subsection (g), (h), (k) or (m) of Exhibit V, the Termination Date shall occur."

Automatic Termination Events. This Agreement shall terminate automatically as to all Parties and without the need for notice in the event that: (a) the Support Agreement has been terminated for any reason under Section 12 of the Support Agreement (other than in respect of a termination pursuant to Section 12(d) or 12(e) of the Support Agreement); (b) by 11:59 p. m. (Toronto time) on May 12, 2018, the Advisors have not given written notice to the Company that Private Placement Parties holding at least 90% of the aggregate Private Placement Commitments as of the date hereof have agreed to a term... (c) Private Placement Parties collectively holding more than 10% of the Private Placement Commitments have terminated this Agreement in respect of themselves pursuant to Section 10(b).

Automatic Termination Events. This Agreement terminates automatically upon the earliest to occur of (i) either Founder ceasing to be both an officer and a director of the Company; (ii) unanimous written agreement of both Founders; (iii) dissolution or liquidation of the Company.

Automatic Termination Events. This Agreement shall terminate, during the Employee’s lifetime, without notice, upon the occurrence of any of the following events: (a) total cessation of the Corporation’s business; (b) bankruptcy, receivership or dissolution of the Corporation; (c) or termination of Employee’s employment by the Corporation (other than by reason of his death).

Automatic Termination Events. The occurrence of any of the following conditions or events shall cause this Agreement to Terminate immediately without any compensation due to the Contractor beyond that previously received: a. The death of Contractor; b. The failure or refusal of Contractor to faithfully or diligently perform its obligations and Scope of Work under this Agreement or in a manner commensurate with industry standards; c. The engagement of Contactor in any illegal or fraudulent conduct, or any conduct which discredits the Company or is detrimental to the reputation, character, and standing of the Company’s business; d. The permanent disability of Contractor for sixty (60) days in any twelve-month period preventing Contractor's performance of the Scope of Work laid out herein; e. Voluntary termination of this Agreement based on Contractor’s conduct without notice; f. The filing of a petition in voluntary or involuntary bankruptcy by or against the Company; g. Any circumstances of fraud, deceitfulness, misrepresentation, illegality, immorality or frustration of Company purpose by Contractor as adjudged by the Chief Executive Officer of the Company in his sole discretion; h. Any suspected breach of this Agreement; i. Any dissemination of material non-public information provided to Contractor under the protection of the Confidentiality and Non-Disclosure Agreement entered into between Contractor and the Company and/or any subsequently executed Lock-Up Agreement; j. Any suspected trading of the Company’s securities based on material non-public information provided to the Contractor under the protection of the Confidentiality and Non-Disclosure Agreement entered into between Contractor or the Company and/or any subsequently executed Lock-Up Agreement; or k. Any violation of Company Rules, Policies or Regulations. Three Rivers Business Consulting, LLC. – Independent Contractor Agreement

Automatic Termination Events. This Agreement shall terminate automatically: (1) at the end of the term of the Agreement as set forth in Section 5 (Term of License and This Agreement); (2) in the event the FERC does not issue a New Operating License to ▇▇▇▇▇▇▇ for the Project; (3) in the event ▇▇▇▇▇▇▇ withdraws from this Agreement based on Section 8.2 (Withdrawal Events); or (4) in the event the New Operating License is revoked.

Automatic Termination Events. This Agreement will terminate, as of 5:00 p.m. Pacific time, on February 12, 1996, without any further action by any party hereto, if the Deposit is not received by the Escrow Agent on or before such date and time.

Automatic Termination Events. This Agreement shall automatically terminate on: 11.1.1 the occurrence of the Longstop Date; 11.1.2 the occurrence of the Restructuring Effective Date; 11.1.3 the entry of a final non‐appealable order by any court of competent jurisdiction or other competent governmental or regulatory authority making illegal or otherwise preventing, prohibiting or materially restricting the consummation of the Restructuring; 11.1.4 the petitioning, applying or voting for, or the taking of any formal steps (including the appointment of any liquidator, receiver, administrator or similar officer) by any person or entity in relation to, the winding up, dissolution, administration, receivership or reorganisation of the Company or any Group entity and/or any or all of its or their respective liabilities or any suspension of payments or moratorium of any indebtedness of the Company or any Group entity, or any analogous procedure or step in any jurisdiction, other than a Provisional Liquidation Event; 11.1.5 the Schemes not being approved by a majority in number representing at least 75% in value of the Noteholders present and voting (either in person or by proxy) at the Scheme Meetings; 11.1.6 the Hong Kong Court granting an order declining to sanction the Hong Kong Scheme and: (a) the Company confirming that it will not appeal such order; or (b) if an appeal is lodged, the appeal being dismissed and the Hong Kong Court granting a final order declining to sanction the Hong Kong Scheme; or 11.1.7 the BVI Court granting an order declining to sanction the BVI Scheme and: (a) the Company confirming that it will not appeal such order; or (b) if an appeal is lodged, the appeal being dismissed and the BVI Court granting a final order declining to sanction the BVI Scheme.