Developer’s Right to Terminate Sample Clauses

Developer’s Right to Terminate. The Developer may terminate this Base Lease at any time by exercising its option to purchase the City’s interest in the Project pursuant to Article XI of the Lease.
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Developer’s Right to Terminate. The Developer may terminate this Agreement at its sole option and discretion by giving written notice to the Seller by 5:00 p.m. on the last day of the Due Diligence Period if for any reason the Property is not acceptable to the Developer. Following such notice by the Developer and the delivery by the Developer to the Seller (at no cost to Seller) of copies of the final version (unless a final version has not been prepared by or submitted to the Developer, in which case the last draft version thereof shall be delivered) of all studies, analyses, and reports relating to any of the Developer’s Investigations, and absent default by the Developer hereunder, the Seller will return to the Developer the Selection Deposit and the Execution Deposit (without interest), but the Seller shall retain the Bid Deposit. Upon such termination, except as expressly provided otherwise in this Agreement, this Agreement shall be of no further force and effect and the parties shall have no further rights, obligations or liabilities hereunder. If the Developer fails to give such written notice of termination to the Seller on or before 5:00 p.m. on the last day of the Due Diligence Period, the Developer will be conclusively presumed to have waived such right of termination and thereupon the Deposits will be nonrefundable except as otherwise provided in this Agreement.
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Developer’s Right to Terminate. Developer shall have the right to terminate this Agreement by written notice to the City and Port KC in the event: (a) Developer determines that it is unable to obtain the Developer Private Loan, (b) Developer and Port KC do not enter into the Port KC Development Agreement within one hundred eighty (180) days after the Effective Date, (c) the Bond Closing does not occur within the period required in Article VII, provided however, such period shall be extended for an additional period of ninety (90) days in the event Developer notifies the City in writing (with a copy to Port KC) prior to the last day of the period required in Article VII that Developer has a good faith belief that the Bond Closing will occur within such additional ninety (90) day period.
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Developer’s Right to Terminate. If Developer's review of the Commitment, Schedule A, and/or the Supporting Material during the Due Diligence Period reveals a defect in title or a physical or geotechnical condition which renders it commercially impracticable for Developer to construct and operate the Casino Complex in accordance with the Development Agreement, then Developer may, at its option, upon giving EDC written notice thereof, together with an opinion of counsel describing such defect in title or copies of the reports, analyses and other material pertaining to such condition, as the case may be, at any time on or before the expiration of the Due Diligence Period, elect to terminate this Agreement. If Developer should terminate this Agreement for any reason, Developer shall immediately surrender and furnish to City and EDC copies of any and all surveys, reports and studies which have been prepared by Developer or any of its consultants with respect to the Property. Subject to the foregoing right of termination and to SECTION 18.1(b) of the Development Agreement, Developer agrees to accept the Property in an "as is", "where is" condition and Developer waives any and all rights and remedies it might have against City and EDC as a result of the condition thereof.
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Developer’s Right to Terminate. Upon written notice delivered by Developer to City and EDC within ten (10) Business Days from the Execution Date, Developer may terminate this Agreement if Developer's Board of Directors fails to approve this Agreement.
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Developer’s Right to Terminate. If Developer's review of the ------------------------------ Commitment or inspection of the Property during the Due Diligence Period reveals a defect in title or a physical or geotechnical condition which renders it commercially impracticable for Developer to construct and operate the Casino Complex in accordance with the Development Agreement, then Developer may, at its option, upon giving EDC written notice thereof, together with an opinion of counsel describing the defect in title or copies of the tests disclosing said condition, at any time on or before the expiration of the Due Diligence Period, elect to terminate this Agreement. If Developer should terminate this Agreement for any reason, Developer shall immediately surrender and furnish to City and EDC copies of any and all surveys, reports and studies which have been prepared by Developer or any of its consultants with respect to the Property. Subject to the foregoing right of termination and to Section 18.1(b) of the Development Agreement, Developer agrees to accept the Property in an "as is", "where is" condition and Developer waives any and all rights and remedies it might have against City and EDC as a result of the condition thereof.
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Developer’s Right to Terminate. If any of the following events occurs then the Developer may forthwith by notice in writing to the Tenant at any time terminate this agreement without prejudice to any right or remedy of any party to this agreement against any other party in respect of any prior breach of this agreement: 31.1.1 there is any breach of the warranties, covenants and other obligations of the Tenant and/or (as the case may be) the Guarantor under this agreement which (if capable of remedy) is not remedied by the Tenant and/or (as the case may be) the Guarantor within such reasonable period as the Developer stipulates; 31.1.2 the Tenant and/or (as the case may be) the Guarantor: (a) is unable to pay, or has no reasonable prospect of being able to pay, its debts within the meaning of section 123 or sections 222 to 224 of the Insolvency ▇▇▇ ▇▇▇▇ (but disregarding references in those sections to proving it to the court’s satisfaction); (b) resolves or its directors resolve to enter into, or it enters into, or it or its directors commence negotiations or make any application to court in respect of, or call or convene any meeting for the approval of any composition, compromise, moratorium (including a moratorium statutorily obtained, whether as a precursor to a voluntary arrangement under the Insolvency ▇▇▇ ▇▇▇▇ or otherwise, or a moratorium informally obtained), scheme or other similar arrangement with its creditors or any of them, whether under the Insolvency ▇▇▇ ▇▇▇▇, the Companies ▇▇▇ ▇▇▇▇ or otherwise; (c) resolves, or its directors resolve, to appoint an administrator of it, or to petition or apply to court for an administration order in respect of it, or a petition or an application for an administration order is made in respect of it, or an administration order is made in respect of it, or any step under the Insolvency Act 1986 is taken to appoint an administrator of it out of court, or it enters administration; (d) requests or suffers the appointment of a Law of Property ▇▇▇ ▇▇▇▇, court appointed or other receiver or receiver and manager, or similar officer over or in relation to the whole or any part of its undertaking, property, revenue or assets, or any person holding security over all or any part of its undertaking, property, revenue or assets takes possession of all or any part of them or requests that such a person does so; (e) resolves or its directors resolve to wind it up, whether as a voluntary liquidation or a compulsory liquidation, or its directors take any step...
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Related to Developer’s 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.

  • Our Right to Terminate We may terminate this Agreement and close your account at any time by giving you 30 days’ written notice; this right is in addition to any other rights to terminate this Agreement or close your account that we may have under this Agreement.

  • 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).

  • Landlord’s Right to Terminate Landlord shall have the right to terminate this Lease in the event any of the following occurs, which right may be exercised by delivery to Tenant of a written notice of election to terminate within forty-five (45) days after the date of such damage: A. The Project is damaged by an Insured Peril to such an extent that the estimated cost to restore exceeds ten percent (10%) of the then actual replacement cost thereof, or the Building in which the Premises is located is damaged to such an extent that the estimated cost to restore exceeds twenty-five percent (25%) of the then actual replacement cost thereof; B. Either the Project or the Building is damaged by an Uninsured Peril to such an extent that the estimated cost to restore exceeds two percent (2%) of the then actual replacement cost of the Building; C. The Premises are damaged by any peril within twelve (12) months of the last day of the Lease Term to such an extent that the estimated cost to restore equals or exceeds an amount equal to six (6) times the Base Monthly Rent then due; or D. Either the Project or the Building is damaged by any peril and, because of the Laws then in force, (i) cannot be restored at reasonable cost to substantially the same condition in which it was prior to such damage, or (ii) cannot be used for the same use being made thereof before such damage if restored as required by this Article. E. As used herein, the following terms shall have the following meanings: (i) the term “Insured Peril” shall mean a peril actually insured against for which the insurance proceeds actually received by Landlord (and which are not required to be paid to any Lender) are sufficient (except for any “deductible” amount specified by such insurance) to restore the Project under then existing Laws to the condition existing immediately prior to the damage; and (ii) the term “Uninsured Peril” shall mean any peril which is not an Insured Peril. Notwithstanding the foregoing, if the “deductible” for earthquake or flood insurance exceeds two percent (2%) of the replacement cost of the improvements insured, such peril shall, at Landlord’s election, be deemed an “Uninsured Peril” for purposes of this Lease.

  • Your Right to Terminate You may also terminate this Client Agreement or close your Account at any time by giving us written notice. Your Account will be closed as soon as reasonably practicable after we have received notice, all open Positions are closed, Orders are cancelled, and all of your obligations are discharged.