Default Termination Buy-Out Provisions Sample Clauses

Default Termination Buy-Out Provisions. (a) In the event of termination of this Agreement by the Agency under this Section 20.1
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Default Termination Buy-Out Provisions. (a) In the event of termination of this Agreement by the LGU under this Section 16.1 due to a Company Event of Default, the LGU shall allow the Lenders to enforce their rights under the Financing Agreements. If the Lenders do not exercise their rights under the Financing Agreements or if the Financing Agreements are no longer effective, the LGU shall have the right in its sole discretion to take over and purchase all of the Company’s right, title, and interest in the Facilities and the Project for the purchase price and in accordance with the procedures set forth in Schedule I (Buy-Out and Transfer at Termination Provisions).
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Default Termination Buy-Out Provisions. (a) In the event of termination of this Agreement by the Agency under this Section 21.1 due to a Company Event of Default, the Agency shall allow the Lenders to enforce their rights under the Financing Agreements. If the Lenders do not exercise their rights under the Financing Agreements or if the Financing Agreements are no longer effective, the Agency shall have the right in its sole discretion to take over and purchase all of the Company’s right, title, and interest in the New ICT Services and Facilities and the Project for the purchase price and in accordance with the procedures set forth in Schedule H (Buy-Out and Transfer at Termination Provisions).
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Default Termination Buy-Out Provisions. (a) In the event of termination of this Agreement by the Agency under this Section 20.1 (Termination due to an Event of Default) due to a Company Event of Default, the Agency shall allow the Lenders to enforce their rights under the Financing Agreements. If the Lenders do not exercise their rights under the Financing Agreements or if the Financing Agreements are no longer effective, the Agency shall have the right in its sole discretion to take over and purchase all of the Company’s right, title, and interest in the Facilities and the Project for the purchase price and in accordance with the procedures set forth in Schedule O (Termination Buy-Out and Transfer Provisions).
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Related to Default Termination Buy-Out Provisions

  • 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.

  • Termination Provisions In this Agreement:

  • Other Termination Provisions 1. We may deliver any notice instead of mailing it. Proof of mailing of any notice shall be sufficient proof of notice.

  • Termination Events This Agreement may, by notice given prior to or at the Closing, be terminated:

  • H DEFAULT, DISRUPTION AND TERMINATION H1 Termination on insolvency and change of control H1.1 The Client may terminate the Contract with immediate effect by notice in writing where the Contractor is a company and in respect of the Contractor:

  • Contract Termination Provision This contract may be terminated at any time by City for any cause without penalty or liability except as may otherwise be specified herein. Upon receipt of written notice by City, Engineer shall immediately discontinue all services and Engineer shall immediately terminate placing orders or entering into contracts for supplies, assistance, facilities or materials in connection with this contract and shall proceed to cancel promptly all existing contracts insofar as they are related to this contract. As soon as practicable after receipt of notice of termination, Engineer shall submit a statement showing in detail the services performed but not paid for under this contract to the date of termination. City shall then pay Engineer promptly the accrued and unpaid services to the date of termination, to the extent the services are approved by City. This contract may be terminated by Engineer with mutual consent of City at any time for any cause without penalty or liability except as may otherwise be specified herein. Engineer shall submit written notice to terminate contract and shall submit to City all plans and documents relative to the design of Project. City shall then ascertain cost to complete the balance of the work under this contract. If the cost to complete the balance of the work is greater than the unpaid contract amount, City shall retain all unpaid balances and, in addition, Engineer shall pay directly to City the difference in the unpaid balance and the cost to complete the work. In no case shall City pay Engineer any additional monies other than those previously paid under the contract.

  • Default Remedies Termination A. [Sec. 400]

  • H2 Termination on Default H2.1 The Authority may terminate the Contract by written notice in accordance with clause A5.2 (Notices) to the Contractor with immediate effect if the Contractor commits a Default and if:

  • TERMINATION AND CONSEQUENCES OF TERMINATION 14.1 On termination of any Service Schedule for whatever reason the Client will cease to have the Services provided thereunder.

  • Default Events and Termination 18.1 Each of the following circumstances shall constitute a General Default:

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