DEFAULT AND RIGHT TO TERMINATE Sample Clauses

DEFAULT AND RIGHT TO TERMINATE. 11. Either party may terminate this lease at any time with 10 day notice to the other party. Xxxxxx’s use of the plot may be terminated by the landowner due to non-compliance with the items in this lease or the CCA Operating Rules and Regulations. Payment will not be refunded.
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DEFAULT AND RIGHT TO TERMINATE. 9.1 Owner, at its option, may, by written notice to Operator, declare Operator in default on the occurrence of any of the following: (1) failure of the Operator to perform any of its obligations under this Agreement, including, without limitation, failure to properly operate and maintain the Facilities; (2) institution by or against the Operator of any proceeding in bankruptcy or insolvency, or the reorganization of the Operator under any law, or the appointment of a receiver or trustee for the property of the Operator, or any assignment by the Operator of the benefit of creditors; (3) involuntary transfer of the Operator’s interest in the Agreement by operation of law.
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DEFAULT AND RIGHT TO TERMINATE. If at any time after the Commencement Date the Company reasonably determines that ConAm is not complying with its obligations to the Company under Section 3.2(a) or if, within any consecutive 120 day period, ConAm has failed to deliver a Notice presenting to the Company a Redevelopment Project, then the Company shall have the right, but not the obligation, to notify ConAm that the Company deems ConAm to be in default under this Agreement and specifying the reasons therefor (the "Default Notice"). ConAm shall have a period of sixty (60) days from the date of the Default Notice (the "Cure Period") within which to cure the default specified in the Default Notice to the satisfaction of the Company. If the Company reasonably determines that ConAm has failed to cure the default during the Cure Period, then the Company shall deliver written notice to ConAm confirming (i) that the default has not been cured to the satisfaction of the Company and (ii) that the Company has elected to terminate the Agreement effective as of the date of such notice, subject to the provisions of Section 6.1. The right to terminate is the sole remedy of the Company for failure of ConAm to comply with Section 3.2(a).
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DEFAULT AND RIGHT TO TERMINATE. Upon the neglect, failure or refusal by Tenant to comply with any of the terms or conditions of this Agreement, after thirty (30) days' written notice and demand by Executive Director to comply with any such terms or conditions, Board may, at its option, declare this Agreement forfeited, and may forthwith enter upon said premises, using all reasonable force to do so, and exclude Tenant from further use of said premises and all improvements thereon; provided, however, that if there is any default in the payment by Tenant of the compensation or other consideration provided herein, City may give to Tenant a three (3) day notice to pay all sums then due, owning and unpaid, and if such payment is not made within such three (3) day period, at the election of City, stated in such notice, this Agreement and Tenant's rights hereunder are forfeited. Upon any forfeiture of this Agreement, Tenant shall immediately surrender all rights in and to the premises and all improvements. Upon any such forfeiture of this Agreement, any and ail buildings, structures and improvements of any character whatsoever, erected, installed or made, under, through, or because of, or pursuant to the terms of this Agreement, or any prior agreement shall immediately ipso facto either become the property of City free and clear of any claim of any kind or nature of Tenant or its successors in interest, and without compensation to Tenant or its successors, or become removable by Board at the sole expense of Tenant, at the option of Board. In the event this Agreement is forfeited as set forth above, Board may enforce all of its rights and remedies under this Agreement and in addition to any remedy available to City at law or in equity, City shall be entitled to recover from Tenant rent as it becomes due pursuant to the terms of this Agreement and, in addition thereto, the damage that Board may recover includes the worth at the time of the award of the amount by which the unpaid rent for the balance of the term of this Agreement, or five (5) years after the time of the award, whichever period is shorter, exceeds the amount of such rental loss for the same period that Tenant proves could have been reasonably avoided. Any default in Tenant's obligations to make payments to City under the terms of any berth assignment, lease, permit or other agreement, when such default involves the sum of Five Hundred Dollars ($500.00) or more, shall constitute a material default on the part of Tenant with respect t...
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DEFAULT AND RIGHT TO TERMINATE. Each of the following shall constitute Developer's default and grounds for City to terminate this Agreement:
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DEFAULT AND RIGHT TO TERMINATE 
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Related to DEFAULT AND RIGHT TO TERMINATE

  • Right to Terminate Either Party may unilaterally terminate this Annex by providing thirty (30) calendar days written notice to the other Party.

  • Licensee’s Right to Terminate Licensee may, at its option, without prejudice to any other remedies it may have, terminate this agreement by giving written notice of such termination to Licensor as follows: (a) immediately, in the event that Licensor abandons the Licensed Marks or otherwise ceases to support the Licensed Marks in Licensor's business; or (b) immediately in the event of the occurrence of a Bankruptcy with respect to Licensor; or (c) immediately in the event of an occurrence of termination pursuant to Section 13.2(d).

  • Right to Terminate Following Event of Default If at any time an Event of Default with respect to a party (the “Defaulting Party”) has occurred and is then continuing, the other party (the “Non-defaulting Party”) may, by not more than 20 days notice to the Defaulting Party specifying the relevant Event of Default, designate a day not earlier than the day such notice is effective as an Early Termination Date in respect of all outstanding Transactions. If, however, “Automatic Early Termination” is specified in the Schedule as applying to a party, then an Early Termination Date in respect of all outstanding Transactions will occur immediately upon the occurrence with respect to such party of an Event of Default specified in Section 5(a)(vii)(1), (3), (5), (6) or, to the extent analogous thereto, (8), and as of the time immediately preceding the institution of the relevant proceeding or the presentation of the relevant petition upon the occurrence with respect to such party of an Event of Default specified in Section 5(a)(vii)(4) or, to the extent analogous thereto, (8).

  • Tenant’s Right to Terminate If the Leased Premises, the Building or the Outside Area are damaged by any peril and Landlord does not elect to terminate this Lease or is not entitled to terminate this Lease pursuant to this Article, then as soon as reasonably practicable, Landlord shall furnish Tenant with the written opinion of Landlord's architect or construction consultant as to when the restoration work required of Landlord may be complete. Tenant shall have the option to terminate this Lease in the event any of the following occurs, which option may be exercised only by delivery to Landlord of a written notice of election to terminate within seven days after Tenant receives from Landlord the estimate of the time needed to complete such restoration:

  • Reservation of Right to Terminate Relationship Nothing contained in this Agreement shall restrict the right of the Company to terminate the relationship of the Optionee at any time, with or without cause. The termination of the relationship of the Optionee by the Company, regardless of the reason therefor, shall have the results provided for in Sections 3 and 4 of this Agreement.

  • Landlord’s Right to Terminate Landlord shall have the option to terminate this Lease in the event any of the following occurs, which option may be exercised only by delivery to Tenant of a written notice of election to terminate within thirty days after the date of such damage or destruction:

  • Purchaser’s Right to Terminate Anything in any of the Transaction Documents to the contrary notwithstanding, each Purchaser has the right to demand and receive back from the Company such Purchaser’s Subscription Amount at any time until a Closing takes place in connection with such Subscription Amount. UNDER NO CIRCUMSTANCES WILL THE PURCHASER’S SUBSCRIPTION AMOUNT BE DELIVERED TO OR UNDER THE CONTROL OR AUTHORITY OF ANY PLACEMENT AGENT OR BROKER.

  • Executive’s Right to Terminate Notwithstanding the provisions of paragraph 2.1, Executive shall have the right to terminate his employment under this Agreement for any of the following reasons:

  • Default and Termination A. In the event of substantial failure by PROVIDER to perform in accordance with the terms hereof, A&M System may terminate this Agreement upon fifteen (15) days written notice of termination setting forth the nature of the failure (the termination shall not be effective if the failure is fully cured prior to the end of the fifteen-day period), provided that said failure is through no fault of A&M System.

  • Right to Terminate Following Termination Event Sections 6(b)(ii)-(iv) are deleted in their entirety and replaced by the following:

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