Disposition Following Early Termination Sample Clauses

Disposition Following Early Termination. Lessee shall, as agent for Lessor, dispose of the Unit with respect to which a Casualty Occurrence has occurred or as to which this Lease has otherwise been terminated pursuant to Section 13(b) hereof as promptly as possible for the best price obtainable. Any such disposition shall be on an "As-Is", "Where-Is" basis specifically disclaiming any representation or warranty, express or implied. The proceeds of such disposition shall be allocated in the manner provided in Section 13(e) hereof unless an Event of Default (or other event which with the lapse of time or giving of notice, or both, would become an Event of Default) shall have occurred and be continuing. In no event shall Lessee, or any person, firm or corporation controlled by or affiliated with Lessee, be permitted to purchase for its own account or the account of such person, firm or corporation, the Unit as to which this Lease has been terminated pursuant to Section l3(b) hereof. During the period from the date of the Casualty Occurrence or the giving of notice of termination with respect to the Unit pursuant to Section 13(b) hereof until final disposition of the Unit, Lessee as agent for Lessor, shall use its best efforts to obtain bids for the purchase of the Unit. Lessee shall certify to Lessor in writing the amount of each bid received by Lessee and the name and address of the party submitting each such bid. Lessor may bid and purchase the Unit or obtain bids, but shall be under no duty to solicit bids, inquire into the efforts of Lessee to obtain bids or otherwise take any action in connection with arranging any sale. In disposing of the Unit, Lessee shall take such action as Lessor shall reasonably request to terminate any contingent liability which Lessor might have arising after such disposition.
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Related to Disposition Following Early Termination

  • Termination Following a Change of Control If the Employee's employment terminates at any time within eighteen (18) months following a Change of Control, then, subject to Section 5, the Employee shall be entitled to receive the following severance benefits:

  • Termination Following a Change in Control (a) In the event of the occurrence of a Change in Control, the Executive's employment may be terminated by the Company or a Subsidiary during the Severance Period and the Executive shall be entitled to the benefits provided by Section 4 unless such termination is the result of the occurrence of one or more of the following events:

  • Termination Upon or Following a Change of Control (a) A Change of Control of the Company ("Change of Control") shall be deemed to have occurred upon the happening of any of the following events:

  • Termination Following Change of Control Should Employee at any time within two years of a change of control cease to be an employee of the Company (or its successor), by reason of (i) involuntary termination by the Company (or its successor) other than for "cause" (following a change of control), "

  • Payment upon Early Termination (a) Within three (3) calendar days after an Early Termination Effective Date, the Corporate Taxpayer shall pay to each TRA Party an amount equal to the Early Termination Payment in respect of such TRA Party. Such payment shall be made by wire transfer of immediately available funds to a bank account or accounts designated by such TRA Party or as otherwise agreed by the Corporate Taxpayer and such TRA Party or, in the absence of such designation or agreement, by check mailed to the last mailing address provided by such TRA Party to the Corporate Taxpayer.

  • Automatic Early Termination provision of Section 6(a) will not apply to Party A and will not apply to Party B.

  • Termination Following Change in Control If a Change in Control shall have occurred during the term of this Agreement, the Executive shall be entitled to the benefits provided in subsection 4(d) unless such termination is (A) because of the Executive's death or Retirement, (B) by the Company for Cause or Disability, or (C) by the Executive other than for Good Reason.

  • Termination Upon a Change of Control If Executive’s employment by the Employer, or any Affiliate or successor of the Employer, shall be subject to a Termination within a Covered Period, then, in addition to Minimum Payments, the Employer shall provide Executive the following benefits:

  • Employment Status Termination Following Change in Control (a) No benefits shall be payable under this Agreement unless there has been a Change in Control of the Company during the Term. You acknowledge that this Agreement does not constitute a contract of employment or impose on the Company any obligation to retain you as an employee. You may terminate your employment at any time, with or without Good Reason. If your employment with the Company terminates for any reason and subsequently a Change in Control shall have occurred, you shall not be entitled to any benefits hereunder.

  • Compensation Following Termination In the event that Executive’s employment hereunder is terminated, Executive shall be entitled only to the following compensation and benefits upon such termination:

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