Duties and Rights Upon Termination Sample Clauses

Duties and Rights Upon Termination. Upon termination of this Agreement, Merchant shall promptly submit to HSBC all Card Sales, Sales Slips, Credit Slips and other transaction documents or data made through the date of termination. In addition, Merchant shall promptly return all computer hardware and software, remote data entry terminals and peripherals and other equipment provided by HSBC in good working order and Merchant shall de-install from its operating system any program files provided by HSBC to Merchant. HSBC is not liable to Merchant for any direct or consequential damages that Merchant may suffer as a result of HSBC’s termination of this Agreement.
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Duties and Rights Upon Termination. Upon termination of this Agreement, Merchant will promptly submit to Household all Card Sales, Sales Slips, credits and other data made through the date of termination. Household is not liable to Merchant for any direct damages that Merchant may suffer as a result of Household's termination of this Agreement as provided in this Agreement. In the event this Agreement is terminated for any reason or notice of termination is given by either party, Household may take such other reasonable actions including but not limited to establishing and maintaining a reserve from payments otherwise payable to Merchant to protect Household's rights under this Agreement and to cover Chargeback amounts and other amounts owing to Household. e.
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Duties and Rights Upon Termination. Upon termination of this Agreement, Merchants will promptly submit to Household all Card Sales, Sales Slips, credit and other data made through the date of termination. Household is not liable to Merchants for any incidental or consequential damages that Merchants may suffer as a result of Household's termination of this Agreement. Commencing on the ninety-first day following the effective date of termination of this Agreement, Merchants shall pay to Household, monthly, within ten (10) days of Household's request, a liquidation fee in the amount of $5.00 per Month for each Account for which Household processes a statement during such Month, until such time as the outstanding Account Balances are liquidated and paid in full. In the event this Agreement is terminated for any reason or notice of termination is given by either party, Household may deduct amounts owed to it by Merchants from the Portfolio Reserve and take such other reasonable actions including but not limited to establishing and maintaining additional reserves from payments otherwise payable to Merchants to protect Household's rights under this Agreement and to cover chargeback amounts and other amounts owing to Household. In the event that this Agreement is terminated by Merchants under Section 16.b(iv)(d), then Merchants shall pay Household a termination fee (the "Termination Fee") equal to a percentage of the Account Balances on the effective date of the Termination. The percentage used to determine the Termination Fee shall depend upon when this Agreement is terminated by Merchants due a material change in the ownership of Merchants or of the Merchants' business. Exhibit B hereto provides a listing of Termination Fees applicable to termination during each year of the Agreement. The provisions of this subsection shall survive the termination of this Agreement.
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Duties and Rights Upon Termination. Polaris shall de-install from its operating system any program files provided by Household Bank to Polaris. Upon termination of this Agreement, Household Bank will approve no new applications under any Dealer Agreements, will authorize no additional purchases, and all Dealer Agreements shall also be terminated. Neither party is liable to the other for any direct or consequential damages that either party may suffer as a result of either party's termination of this Agreement. The termination of this Agreement shall not affect the rights and obligations of the parties with respect to transactions and occurrences which take place prior to the effective date of termination, except as otherwise provided herein. In the event this Agreement is terminated for any reason or notice of termination is given by either party, Household Bank may take such other reasonable actions, including, but not limited to, establishing and maintaining a reserve (the "Termination Reserve") from payments otherwise payable to Polaris to protect Household Bank's rights under this Agreement and to cover amounts owing to Household Bank. The Termination Reserve shall be in the amount of 100% of the prior 12 Months Chargebacks, but in no event shall the Termination Reserve exceed two million dollars ($2,000,000). Upon the purchase of the Accounts pursuant to Section 10.d below, any unused amount in the Termination Reserve shall be paid to Polaris within 30 days of the date of sale. If no purchase occurs, the Termination Reserve shall be maintained and used by Household Bank for three (3) years from the termination date or until exhausted, whichever comes first. Any unused amount in the Termination Reserve after said three years shall be paid to Polaris within thirty (30) days of the end of such three year period.
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Duties and Rights Upon Termination. Upon termination of this Agreement, Merchant will promptly submit to Company all Credit Agreements, Disclosure Statements, Sales Slips, credits and other data related to Credit Agreements and Accounts purchased by the Company through the date of termination unless previously provided. Neither shall be liable to the other party for any direct or indirect damages that either party may suffer solely as a result of any rightful termination of this Agreement in accordance with the terms of this Agreement.
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Duties and Rights Upon Termination. Upon termination of this Agreement, Merchant shall promptly submit to Household all Card Sales, Sales Slips, Credit Slips and other transaction documents or data made through the date of termination. In addition, Merchant shall promptly return all computer hardware and software, remote data entry terminals and peripherals and other equipment provided by Household, or an Affiliate thereof, in good working order (ordinary wear and tear excepted) to Household or any Affiliate designated by Household, and Merchant shall de-install from its operating system any program files provided by Household to Merchant and return the same to Household or any Affiliate designated by Household. Household is not liable to Merchant for any direct or consequential damages that Merchant may suffer as a result of Household’s termination of this Agreement. The parties agree to fully and completely cooperate with each other in winding up the Program, including but not limited to providing for orderly return of lists, providing for an orderly deconversion and conversion to a successor platform, providing commercially adequate documentation and performing similar tasks.
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Duties and Rights Upon Termination. Upon termination of this Agreement, Merchant will promptly submit to Household all Card Sales, Sales Slips, credits and other data and transaction documents made through the date of termination. Household is not liable to Merchant for any direct damages that Merchant may suffer as a result of Household’s termination of this Agreement as provided in this Agreement. In addition, Merchant shall promptly return all computer hardware and software, remote data entry terminals and peripherals and other equipment provided by Household in good working order and Merchant shall de-install from its operating system any program files provided by Household to Merchant.
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Duties and Rights Upon Termination. Upon termination of this Agreement, Merchant will provide Household records, data and information as provided in SECTION 7 of this Agreement. Household is not liable to Merchant for any direct or consequential damages that Merchant may suffer as a result of Household's termination of this Agreement. In the event this Agreement is terminated for any reason or notice of termination is given by either party, Household may take such other reasonable actions including but not limited to establishing and maintaining a reserve from payments otherwise payable to Merchant to protect Household's rights under this Agreement and to cover Chargeback amounts and other amounts owing to Household. The provisions of this subsection shall survive the termination of this Agreement. d. PURCHASE REQUIREMENT Upon termination of this Agreement, Merchant shall purchase or arrange to purchase by a third party, the Accounts, without recourse to Household and without representations or warranty, express or implied or pay a liquidation fee as described below. The purchase price will be [ ] of the full amount of all the outstanding Account balances, including accrued finance charges on promotions, plus accrued interest from the last billing cycle through the date of sale. The purchase to occur not later than ninety (90) days after the effective date of termination of the Agreement and to be under such terms and conditions as are reasonably
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Related to Duties and Rights Upon Termination

  • Duties Upon Termination Upon termination of this Agreement for any reason, the Contractor shall upon receipt of all sums due and owing, promptly deliver the following in accordance with the directions of the Company:

  • Rights and Duties Upon Termination Upon termination of this Agreement for any reason:

  • Actions Upon Termination In the event of termination not the fault of the Contractor, the Contractor shall be paid for the services properly performed prior to termination, together with any reimbursable expenses then due, but in no event shall such compensation exceed the maximum compensation to be paid under the Contract. The Contractor agrees that this payment shall fully and adequately compensate the Contractor and all subcontractors for all profits, costs, expenses, losses, liabilities, damages, taxes, and charges of any kind whatsoever (whether foreseen or unforeseen) attributable to the termination of this Contract. Upon termination for any reason, the Contractor shall provide Seattle with the most current design documents, contract documents, writings and other product it has completed to the date of termination, along with copies of all project-related correspondence and similar items. Seattle shall have the same rights to use these materials as if termination had not occurred.

  • Rights Upon Termination Except as expressly provided in Section 6, upon the termination of the Executive’s Employment pursuant to this Section 5, the Executive shall only be entitled to the compensation, benefits and reimbursements described in Sections 2, 3 and 4 for the period preceding the effective date of the termination. The payments under this Agreement shall fully discharge all responsibilities of the Company to the Executive.

  • Obligations Upon Termination Upon termination of this Agreement, either party shall, at the request of the other party, return any document, material, database, equipment, or software containing the Confidential Information to the other party. If, for any reason, such document, material, database, equipment, or software cannot be returned, either party shall destroy all the Confidential Information belonging to the other party and delete such Confidential Information from any memory devices. No party shall be permitted to continue using the Confidential Information in any way after the termination of this Agreement.

  • Rights Upon Termination of Employment The terms which regulate the treatment of the International Participant's Restricted Stock Units upon termination of employment are set out in the Plan and in the Award Documents. In summary, upon the International Participant's termination of employment for any reason other than death, Disability or Retirement, any unvested Restricted Stock Units shall be forfeited and cancelled on the date of such termination of employment.

  • Liabilities Upon Termination If this Agreement is terminated for any reason other than those set forth in Section 12.01 or is breached, nothing contained herein shall be construed to limit Seller’s or Buyer’s legal or equitable remedies including, without limitation, damages for the breach or failure of any representation, warranty, covenant or agreement contained herein and the right to enforce specific performance of this Agreement.

  • Duties on Termination If the Executive's termination of employment with the Company occurs during the Employment Period, then, subject to the terms and conditions of this Agreement, during the period beginning on the date of delivery of a notice of termination, and ending on the date of termination, the Executive shall continue to perform his duties as set forth in this Agreement, and shall also perform such services for the Company as are necessary and appropriate for a smooth transition to the Executive's successor, if any. Notwithstanding the foregoing provisions of this paragraph 8, the Company may suspend the Executive from performing his duties under this Agreement following the delivery of a notice of termination providing for the Executive's resignation, or delivery by the Company of a notice of termination providing for the Executive's termination of employment for any reason; provided, however, that during the period of suspension (which shall end on the Executive's date termination), the Executive shall continue to be treated as employed by the Company for other purposes, and his rights to compensation or benefits shall not be reduced by reason of the suspension.

  • Benefits Upon Termination If the Executive’s employment by the Company is terminated during the Period of Employment for any reason by the Company or by the Executive, or upon or following the expiration of the Period of Employment (in any case, the date that the Executive’s employment by the Company terminates is referred to as the “Severance Date”), the Company shall have no further obligation to make or provide to the Executive, and the Executive shall have no further right to receive or obtain from the Company, any payments or benefits except as follows:

  • Events Upon Termination (a) If this Agreement is terminated, cancelled or ends for any reason, the Operator shall:

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