Cancellation by the Purchaser Sample Clauses

Cancellation by the Purchaser. In the event the Purchaser opts to cancel this Agreement, then the Developer shall be entitled to adjust, out of the receipts from the Purchaser till such time, an amount equal to 10% (ten percent) of the entirety of the amount paid by the Purchaser till the time of such calculation and refund the remainder to the Purchaser within 60 (sixty) days of such cancellation.
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Cancellation by the Purchaser. In the event the Purchaser opts to cancel this Agreement, then the Vendor shall be entitled to adjust an amount equal to 10% (ten percent) of the total amount paid by the Purchaser till the time of such calculation and refund the remainder to the Purchaser within 120 (one hundred and twenty) days of such cancellation without any interest thereon. Further, the Rates & Taxes, if any, paid by the Purchaser till such cancellation shall also not be refunded by the Vendor to the Purchaser.
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Cancellation by the Purchaser. 11.1 In the event, the Purchaser expresses its/his/her desire to cancel this Agreement for any reasons whatsoever (save and except for reasons mentioned in Clause 6.4 hereinabove), then the Promoter shall be entitled to forfeit/deduct the Recovery Amounts from the Plot Consideration paid by the Purchaser till such cancellation and all the consequences of such cancellation stipulated in clause 6.3 hereinabove shall follow including the execution of the Deed of Cancellation and handover of originals of all the documents in respect of the Plot to the Promoter.
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Cancellation by the Purchaser. The Purchaser shall have the right to cancel/withdraw his allotment in the project as provided in the act Provided where the Purchaser proposes to cancel/withdraw from the project without any fault of the Seller, the Seller herein is entitled to forfeit the booking amount paid for the allotment and interest accrued thereon in accordance to law. The Purchaser acknowledges that the Seller shall be blocking the said Apartment for the Purchaser without receiving the total consideration price and other amounts and in the event of such cancellation the Seller shall refund the amount receivable by the Purchaser upon the Seller entering into an agreement for sale in respect of the said Apartment with any other intending Purchaser and ins as much as the Seller in terms of this agreement is to hold the said flat on account of the Purchaser, the Purchaser has agreed to wait for payment of the amount in the event of cancellation as above and has agreed to waive all other rights upon cancellation.
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Cancellation by the Purchaser. The Purchaser shall have the right to cancel/withdraw his allotment in the project as provided in the act Provided where the Purchaser proposes to cancel/withdraw from the project without any fault of the Seller, the Seller herein is entitled to forfeit the booking amount paid for the allotment and interest accrued thereon in accordance to law. The Purchaser acknowledges that the Seller shall be blocking the said Apartment for the Purchaser without receiving the total purchase price and other amounts and in the event of such cancellation the Seller shall refund the amount receivable by the Purchaser within 45 days of such cancellation or upon the Seller entering into an agreement for sale in respect of the said Apartment with any other intending Purchaser (which ever event shall happen first)
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Cancellation by the Purchaser. 46 ARTICLE XXIII. SUPPLIES USED DURING TRIALS AND ON BOARD AT DELIVERY; SPARES....................................................................46 ARTICLE XXIV. TITLE.........................................................47 ARTICLE XXV. LIENS..........................................................48 ARTICLE XXVI. TAXES.........................................................48 ARTICLE XXVII.
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Cancellation by the Purchaser. (a) The Purchaser, in its sole discretion, shall have the right to cancel this Contract, but only in conjunction with its cancellation of the Purchase Agreement pursuant to Article XI thereof, at any time by giving written notice to the Contractor. The Purchaser's right to cancel this Contract shall expire ninety (90) days prior to the "Delivery Date" of Hull 001 under the Purchase Agreement of; provided, however, if KSI accelerates the Delivery Date of Hull 001 pursuant to Section 1.2(c) of the Purchase Agreement prior to the expiration of the Purchaser's right to cancel this Contract and the accelerated Delivery Date for Hull 001 is less than ninety (90) days from the date of such notice of acceleration, the Purchaser shall have a minimum of sixty (60) days from such notice to exercise its rights under this ARTICLE.
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Cancellation by the Purchaser. The Purchaser shall have the right to cancel/withdraw his allotment in the project as provided in the act Provided where the Purchaser proposes to cancel/withdraw from the project without any fault of the Vendors/Developer, the Vendors herein are entitled to forfeit the booking amount paid for the allotment and interest accrued thereon in accordance to law. The Purchaser acknowledges that the Vendors shall be blocking the said Unit for the Purchaser without receiving the total consideration price and other amounts and in the event of such cancellation the Vendors shall refund the amount receivable by the Purchaser within 45 days of such cancellation or upon the Vendors entering into an agreement for sale in respect of the said Unit with any other intending Purchaser (which ever event shall happen later) and in as much as the Vendors in terms of this agreement is to hold the said flat on account of the Purchaser, the Purchaser has agreed to wait for payment of the amount in the event of cancellation as above and has agreed to waive all other rights upon cancellation.
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Cancellation by the Purchaser. If the purchaser decides to cancel this Agreement then he can do so by giving fifteen days notice to the Developer Provided further that upon termination of this agreement as aforesaid, the installments of sale price of the said premises which may till then have been paid by the Purchaser to the Developer shall not be refunded and upon termination of this Agreement the Developer, shall be at liberty to dispose of and sell the said premises to such person and at such price as the Developer may in his absolute discretion think fit.
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Related to Cancellation by the Purchaser

  • Cancellation by the Bank If (a) the right of the Borrower to make withdrawals from the Loan Account shall have been suspended with respect to any amount of the Loan for a continuous period of thirty days, or (b) at any time, the Bank determines, after consultation with the Borrower, that an amount of the Loan will not be required to finance the Project’s costs to be financed out of the proceeds of the Loan, or (c) at any time, the Bank determines, with respect to any contract to be financed out of the proceeds of the Loan, that corrupt or fraudulent practices were engaged in by representatives of the Borrower or of a beneficiary of the Loan during the procurement or the execution of such contract, without the Borrower having taken timely and appropriate action satisfactory to the Bank to remedy the situation, and establishes the amount of expenditures in respect of such contract which would otherwise have been eligible for financing out of the proceeds of the Loan, or (d) at any time, the Bank determines that the procurement of any contract to be financed out of the proceeds of the Loan is inconsistent with the procedures set forth or referred to in the Loan Agreement and establishes the amount of expenditures in respect of such contract which would otherwise have been eligible for financing out of the proceeds of the Loan, or (e) after the Closing Date, an amount of the Loan shall remain unwithdrawn from the Loan Account, or (f) the Bank shall have received notice from the Guarantor pursuant to Section 6.07 with respect to an amount of the Loan, the Bank may, by notice to the Borrower and the Guarantor, terminate the right of the Borrower to make withdrawals with respect to such amount. Upon the giving of such notice, such amount of the Loan shall be canceled.”

  • Termination by the Sellers The Sellers may terminate the Agreement in the event either Purchaser or the Guarantor (if any of the proceedings with respect to the Guarantor in the following clauses (i) through (iv) below would reasonably be expected to impair the ability of either Purchaser to perform its obligations under the Agreement (including Article 8 of the Agreement and this Annex A) fully and on a timely basis) (i) becomes the subject of any bankruptcy or other proceeding relating to its liquidation or insolvency (if not dismissed within sixty (60) days of initial filing), or is the subject of a receivership or conservatorship, (ii) files a voluntary petition in bankruptcy or similar proceeding or admits in writing its inability to pay its debts as they become due, (iii) makes a general assignment for the benefit of creditors, or (iv) files a petition or an answer seeking reorganization or an arrangement with creditors.

  • TERMINATION BY THE PARTIES This Agreement may be terminated upon sixty (60) days’ written notice (a) by the Independent Directors of the Company or the Advisor, without Cause and without penalty, (b) by the Advisor for Good Reason, or (c) by the Advisor upon a Change of Control. The provisions of Sections 19 through 31 of this Agreement shall survive termination of this Agreement.

  • Cancellation by Us 6.1. In the unlikely event (and where you are not in breach of these terms and conditions) that it is necessary for us to cancel your Booking, we will notify you as soon as possible and we shall endeavour to offer you alternative dates for no extra cost. In the event that no alternative dates are available or you do not accept the alternative dates offered, then we will refund to you any and all Scheduled Payments that you have paid.

  • Termination by the Company This Agreement may be terminated by the Company at any time prior to the Effective Time:

  • Indemnification by the Purchaser Each Purchaser will severally and not jointly indemnify and hold harmless the Company, each of its directors, each of its officers who signed the Registration Statement and each person, if any, who controls the Company within the meaning of the Securities Act, against any losses, claims, damages, liabilities or expenses to which the Company, each of its directors, each of its officers who signed the Registration Statement or controlling person may become subject, under the Securities Act, the Exchange Act, or any other federal or state statutory law or regulation, or at common law or otherwise (including in settlement of any litigation, if such settlement is effected with the written consent of such Purchaser, which consent shall not be unreasonably withheld) insofar as such losses, claims, damages, liabilities or expenses (or actions in respect thereof as contemplated below) arise out of or are based upon (i) any failure on the part of such Purchaser to comply with the covenants and agreements contained in Sections 5.2 or 7.2 of this Agreement respecting the sale of the Shares or (ii) the inaccuracy of any representation made by such Purchaser in this Agreement or (iii) any untrue or alleged untrue statement of any material fact contained in the Registration Statement, the Prospectus, or any amendment or supplement to the Registration Statement or Prospectus, or arise out of or are based upon the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, in each case to the extent, but only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was made in the Registration Statement, the Prospectus, or any amendment or supplement thereto, in reliance upon and in conformity with written information furnished to the Company by or on behalf of such Purchaser expressly for use therein; provided, however, that the Purchaser shall not be liable for any such untrue or alleged untrue statement or omission or alleged omission of which the Purchaser has delivered to the Company in writing a correction before the occurrence of the transaction from which such loss was incurred, and the Purchaser will reimburse the Company, each of its directors, each of its officers who signed the Registration Statement or controlling person for any legal and other expense reasonably incurred by the Company, each of its directors, each of its officers who signed the Registration Statement or controlling person in connection with investigating, defending, settling, compromising or paying any such loss, claim, damage, liability, expense or action.

  • Termination by the HSP (a) The HSP may terminate this Agreement at any time, for any reason, upon giving 6 months’ Notice (or such shorter period as may be agreed by the HSP and the Funder) to the Funder provided that the Notice is accompanied by: satisfactory evidence that the HSP has taken all necessary actions to authorize the termination of this Agreement; and a Transition Plan, acceptable to the Funder, that indicates how the needs of the HSP’s clients will be met following the termination and how the transition of the clients to new service providers will be effected within the six-month Notice period.

  • TERMINATION BY THE OWNER 14.2.1 The Owner may terminate the contract if the Contractor:

  • Indemnification by the Purchasers Each of the Purchasers, severally and jointly, shall indemnify, defend and hold harmless, without duplication, each Seller and each of the Sellers’ Affiliates, and each of their respective officers, employees, agents and representatives (collectively, the “Seller Indemnified Parties”), from and against all Losses that such Seller Indemnified Party may at any time suffer or incur, or become subject to that, directly or indirectly, arise out of or relate to (a) any Assumed Servicing Liability, (b) any failure by the Purchasers to perform their Serviced Duties and other obligations under this Agreement in accordance with the terms hereof or any other breach or violation by the Purchasers of the terms hereof, (c) any action or omission of the Purchasers or their Affiliates or their agents (including such agents appointed pursuant to Section 3.6 hereof) with respect to any Serviced Appointment, whether pursuant hereto or to a Serviced Corporate Trust Contract or otherwise, or (d) the Sellers’ role as backup advancing agent with respect to any Corporate Trust Contract pursuant to clause (c) of the definition of “Retained Duty” (except to the extent the Sellers negligently failed to make a backup advance as required pursuant to such Retained Duty); provided, however, that the Purchasers shall not be required to indemnify any Seller for any matter which would require indemnification of the Purchasers by any Seller under Section 8.2.

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