Contingency Termination Sample Clauses

Contingency Termination. If this Agreement is terminated due to Seller’s inability to satisfy a governmental contingency, Seller will reimburse Purchaser the Deposit. If Seller satisfies all of his requirements under this Agreement to be fulfilled prior to Closing, and Purchaser fails to complete this transaction for any reason other than the inability to obtain commercially reasonable third party financing, Seller shall be entitled to receive the Deposit and terminate this Agreement. ARTICLE FOUR
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Contingency Termination. A. This Agreement shall terminate without further action by Seller or Purchaser immediately upon Purchaser's notice to Seller as a result of Seller’s failure to satisfy a contingency under this Article Three, whereupon the Deposit shall be immediately refunded to Purchaser, and thereafter the parties shall have no further obligations hereunder except as otherwise expressly provided herein. If Seller otherwise satisfies all of his requirements under this Agreement to be fulfilled prior to Closing and Purchaser fails to complete this transaction within the time period set out in 3.01 for reasons other than a governmental contingency, Seller shall be entitled to receive the Deposit. If this Agreement terminates pursuant to this Article Three due to Seller’s failure to satisfy the contingencies in this Article Three, Purchaser shall pay $100.00 to Seller for Seller's execution and entry into this Agreement. Seller acknowledges that Purchaser will expend time, money and other resources in connection with the inspection and examination of the Property and that, notwithstanding that this Agreement may terminate pursuant to this Paragraph, such time, money and other resources expended, together with the payment described above, constitutes good, valuable, sufficient and adequate consideration for Seller's execution of and entry into this Agreement. Notwithstanding the expenditure of time, money and other resources by Xxxxxxxxx, if this Agreement is terminated due to Purchaser’s inability to satisfy a governmental contingency, Purchaser will reimburse Seller for reasonable expenses actually incurred in preparation to sell the Premises upon the following terms and conditions:
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Related to Contingency Termination

  • Other Termination If the Optionee’s employment terminates for any reason other than the Optionee’s death, the Optionee’s disability or Cause, and unless otherwise determined by the Administrator, any portion of this Stock Option outstanding on such date may be exercised, to the extent exercisable on the date of termination, for a period of three months from the date of termination or until the Expiration Date, if earlier. Any portion of this Stock Option that is not exercisable on the date of termination shall terminate immediately and be of no further force or effect. The Administrator’s determination of the reason for termination of the Optionee’s employment shall be conclusive and binding on the Optionee and his or her representatives or legatees.

  • Default Termination a. In the event that the Property has been sold contrary to or any person bids in contravention of the provisions in Clause 4 above, then such sale shall be cancelled and become null and void and of no further effect wherein all monies paid by the Purchaser hitherto including the Deposit shall be forfeited absolutely and immediately.

  • Contract Termination debarment. A breach of the contract clauses in 29 CFR 5.5 may be grounds for termination of the contract, and for debarment as a contractor and a subcontractor as provided in 29 CFR 5.12.

  • Agreement Termination In the event Contractor is unable to fulfill its responsibilities under this Agreement for any reason whatsoever, including circumstances beyond its control, County may terminate this Agreement in whole or in part in the same manner as for breach hereof.

  • Vendor’s Termination If TIPS fails to materially perform pursuant to the terms of this Agreement, Vendor shall provide written notice to TIPS specifying the default (“Notice of Default”). If TIPS does not cure such default within thirty (30) days, Vendor may terminate this Agreement, in whole or in part, for cause. If Vendor terminates this Agreement for cause, and it is later determined that the termination for cause was wrongful, the termination shall automatically be converted to and treated as a termination for convenience.

  • CFR PART 200 Termination Termination for cause and for convenience by the grantee or subgrantee including the manner by which it will be effected and the basis for settlement. (All contracts in excess of $10,000) Pursuant to the above, when federal funds are expended by ESC Region 8 and TIPS Members, ESC Region 8 and TIPS Members reserves the right to terminate any agreement in excess of $10,000 resulting from this procurement process for cause after giving the vendor an appropriate opportunity and up to 30 days, to cure the causal breach of terms and conditions. ESC Region 8 and TIPS Members reserves the right to terminate any agreement in excess of $10,000 resulting from this procurement process for convenience with 30 days notice in writing to the awarded vendor. The vendor would be compensated for work performed and goods procured as of the termination date if for convenience of the ESC Region 8 and TIPS Members. Any award under this procurement process is not exclusive and the ESC Region 8 and TIPS reserves the right to purchase goods and services from other vendors when it is in the best interest of the ESC Region 8 and TIPS. Does vendor agree? Yes

  • CFR PART 200 Termination Termination for cause and for convenience by the grantee or subgrantee including the manner by which it will be eff ected and the basis for settlement. (All contracts in excess of $10,000) Pursuant to the above, when federal funds are expended by ESC Region 8 and TIPS Members, ESC Region 8 and TIPS Members reserves the right to terminate any agreement in excess of $10,000 resulting from this procurement process for cause after giving the vendor an appropriate opportunity an d up to 30 days, to cure the causal breach of terms and conditions. ESC Region 8 and TIPS Members reserves the right to terminate any agreement in excess of $10,000 resulting from this procurement process for convenience with 30 days notice in writing to the awarded vendor. The vendor would be compensated for work performed and goods procured as of the termination date if for convenience of the ESC Region 8 and TIPS Members. Any award under this procurement process is not exclusive and the ESC Region 8 and TIPS reserves the right to purchase goods and services from other vendors when it is in the best interest of t he ESC Region 8 and TIPS. Does vendor agree? Yes

  • Program Termination In the event the Utility’s Electric Security Plan (“ESP”) or Market-Rate Offer is terminated prior to the end of this agreement, this agreement shall automatically terminate.

  • Duration/Termination 1. This License Agreement is concluded for an indefinite period, subject to termination in accordance with the provisions of article 6.2 and 6.3. Except based on these provisions, parties are not allowed to terminate the License Agreement.

  • Summary Termination 19.1 The Company is entitled to terminate the Appointment by summary notice in writing and without payment in lieu of notice if you:

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