EVENTS PRIOR TO TERMINATION DATE Sample Clauses

EVENTS PRIOR TO TERMINATION DATE. Not more than sixty (60) nor less than thirty (30) days prior to the Termination Date, the Lessee shall deliver an Officer's Certificate to the Lessor, the Remainderman, the Indenture Trustee and each Loan Participant specifying (a) the Termination Date, (b) that the principal amount of the Outstanding Facility Notes will be prepaid on such date, (c) that a Make-Whole Amount may be payable, (d) the date when such Make-Whole Amount will be calculated, (e) the Estimated Make-Whole Amount, (f) the accrued interest applicable to such prepayment, and (g) the Sections of this Lease and the Indenture pursuant to which such prepayment shall be made. Two (2) Business Days prior to the Termination Date, the Lessee shall provide the Lessor, the Indenture Trustee and each Loan Participant written notice of the Make-Whole Amount, if any, payable in connection with the termination of this Lease and a reasonably detailed calculation of the Make-Whole Amount determined as of the Termination Date and calculated three (3) Business Days prior to such date. During the period commencing with the date on which such Termination Notice is given until the Termination Date, the Lessee, as non-exclusive agent for the Lessor, shall undertake on behalf of the Lessor to obtain cash bids for the purchase of the Facility and shall use commercially reasonable efforts to effect the sale of the Facility. The Lessee may use a third party as its agent in connection with any such sale. The Lessor shall also have the right, at its own expense, (but no obligation) to obtain cash bids for the purchase thereof, either directly or through agents other than the Lessee. The Lessee shall certify to the Lessor in writing the amount and terms of each bid received by the Lessee and the name and address of the person submitting a bid (which Person shall not be the Lessee or any Affiliate of the Lessee but may be the Lessor or the Owner Participant). On the Termination Date, the Lessor shall (subject to receipt of the net sales price and all additional payments specified in the second and third following sentences), Transfer its interest in the Facility (which, of this purpose, shall include, without limitation, all rights of the Lessor under the Option and Estate for Years Agreement and the Three Party Agreement and the Ground Lease, if applicable) for cash to bidder which shall have submitted the highest bid prior to such date (which Person shall not be the Lessee, a Person related to the Lessee or any A...
Sample 1
AutoNDA by SimpleDocs

Related to EVENTS PRIOR TO TERMINATION DATE

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

  • 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).

  • Effective Date; Termination Section 6.01. The following events are specified as additional conditions to the effectiveness of the Development Credit Agreement within the meaning of Section 12.01 (b) of the General Conditions:

  • Earlier Termination Your employment hereunder shall terminate prior to the Initial Term (or any renewal term, in the event of renewal) on the following terms and conditions:

  • Termination Prior to Expiration of Term This Section shall govern any termination of this Contract except as specifically provided in the following Section for termination for cause. The City reserves the right to terminate this Contract at any time, with or without cause, upon thirty (30) days’ written notice to Consultant, except that where termination is due to the fault of the Consultant, the period of notice may be such shorter time as may be determined by the Contract Officer. In addition, the Consultant reserves the right to terminate this Contract at any time, with or without cause, upon sixty (60) days’ written notice to City, except that where termination is due to the fault of the City, the period of notice may be such shorter time as the Consultant may determine. Upon receipt of any notice of termination, Consultant shall immediately cease all services hereunder except such as may be specifically approved by the Contract Officer. Except where the Consultant has initiated termination, the Consultant shall be entitled to compensation for all services rendered prior to the effective date of the notice of termination and for any services authorized by the Contract Officer thereafter in accordance with the Schedule of Compensation or such as may be approved by the Contract Officer, except as provided in Section 7.3. In the event the Consultant has initiated termination, the Consultant shall be entitled to compensation only for the reasonable value of the work product actually produced hereunder. In the event of termination without cause pursuant to this Section, the terminating party need not provide the non-terminating party with the opportunity to cure pursuant to Section 7.2.

  • 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:

  • Additional Termination Provisions Notwithstanding and in addition to the foregoing, in the event that (i) a Mortgage Loan becomes delinquent for a period of 90 days or more (a "Delinquent Mortgage Loan") or (ii) a Mortgage Loan becomes an REO Property, the Purchaser may at its election terminate this Agreement with respect to such Delinquent Mortgage Loan or REO Property, upon 15 days' written notice to the Seller.

  • Additional Termination Events The following Additional Termination Events will apply:

  • PROVISIONS SURVIVING EXPIRATION OR TERMINATION Notwithstanding the expiration or termination (by agreement, breach, or operation of time) of this Agreement, the provisions of this Agreement regarding payments (including liquidated damages and tax payments), reports, records, and dispute resolution of the Agreement shall survive the termination or expiration dates of this Agreement until the following occurs:

  • Effective Date; Termination; Cancellation and Suspension Section 5.01. This Agreement shall come into force and effect on the date upon which the Development Credit Agreement becomes effective.

Time is Money Join Law Insider Premium to draft better contracts faster.