Automatically if Executive is removed and/or permanently prohibited from participating in the conduct of Company's affairs by an order issued by an appropriate regulatory agency under Section 8(e) of the Federal Deposit Insurance Act, as amended, or any similar state or federal law.
Automatically. This Agreement shall terminate automatically if (i) BRNI elects to proceed with clause (ii) of Section 12.1 and (ii) BRNI, on the one hand, and John Abeles and Jim New, on the other hand, do not agree, within ninety (90) days of such election by BRNI, to a new target amount for Neurotrope to raise during A Round Financing and the intended use of such new amount following the completion of the new A Round Financing (and amend this Agreement to reflect such agreement).
Automatically. In the event that the Deposited Material is released to Licensee in accordance with the terms of this Agreement; or thirty (30) days after Licensors or Licensee issue to all other parties hereto a written certificate averring that Licensors severally are no longer subject to any Obligation under the Loan Agreement; provided that such termination shall not occur on such basis if Licensee disputes any such certificate submitted by Licensors by sending Licensors and Escrow Agent notice to that effect in writing within such period.
Automatically without notice by or to either party, if: (i) Verigy shall (1) apply for or consent to the appointment of, or the taking of possession by, a receiver, custodian, trustee or liquidator of itself or of all or a substantial part of its properties, (2) make a general assignment for the benefit of its creditors, (3) commence a voluntary case under the United States Bankruptcy Code, as now or hereafter in effect (the "Bankruptcy Code"), (4) file a petition seeking to take advantage of any law (the "Bankruptcy Laws") relating to bankruptcy, insolvency, reorganization, winding-up, or composition or readjustment of debts, (5) fail to controvert in a timely and appropriate manner, or acquiesce in writing to, any petition filed against it in any involuntary case under the Bankruptcy Code, or (6) take any corporate action for the purpose of effecting any of the foregoing; or (ii) a proceeding or case shall be commenced against Verigy in any court of competent jurisdiction, seeking (1) its liquidation, reorganization, dissolution or winding-up, or the composition or readjustment of its debts, (2) the appointment of a trustee, receiver, custodian, liquidator or the like of Verigy or of all or any substantial part of its assets, or (3) similar relief under any Bankruptcy Laws, or an order, judgment or decree approving any of the foregoing shall be entered and continue unstayed for a period of ninety (90) days, or an order for relief against Verigy shall be entered in an involuntary case under the Bankruptcy Code; or
Automatically. Termination shall occur automatically and without further action of the Board or otherwise upon the expiration of the Term of this Agreement, the appointment by the Board of a Fire Chief, the bankruptcy or dissolution of the District, or the death or disability of Chief Capper. “Disability” for purposes of this Section shall mean the inability of Chief Capper, by reason of a physical or mental condition, to perform the essential duties of a Fire Chief for a period of 90 days. The parties acknowledge that Chief Capper’s inability to perform the essential duties of a Fire Chief for such a period would constitute an undue hardship on the District.