Exit Clause Sample Clauses

Exit Clause. Either party may, by giving 60 days notice in advance to the other party, exit from the agreement and the agreement shall stand terminated on expiry of 60th day from receipt of such notice. In such cases, the PBG shall be returned after deducting any amount whatsoever due to BSNL against the agreement.
Exit Clause. The contract can be terminated by giving one-month notice period by the Institute and three-month notice by the contractor. However, in any instant contract will be terminated if service of the vendor will not found satisfactory.
Exit Clause. RD may exit by giving 60days notice and PBG shall be refunded once the pending dues if any are cleared.
Exit Clause. The CORPORATION at its sole discretion can terminate the contract without assigning any reasons whatsoever by giving THIRTY (30) days notice to the Contractor. In case contractor intends to withdraw his registration /contract with Corporation, the contractor has to give three months’ notice to Corporation.
Exit Clause. 8.1 In case either party decides to terminate the agreement during the concurrency of the contract period, minimum 3 month notice shall be given and the complete documents/records and inventory supplied by BSNL, will be handed over to BSNL by the Bidder.
Exit Clause. 16.1 Termination for Licensee Event of Default: Without prejudice to any other rights or remedies which the Authority may have under this Agreement, upon occurrence of a Licensee’s Event of Default of any terms and conditions as laid therein this agreement or an event of unsatisfactory performance , the Authority shall be entitled to terminate this Agreement; provided that before such Termination, the Authority shall by a notice of dissatisfaction, inform the Licensee of its reasoned intent to terminate the Agreement and grant thirty (30) days to the Licensee to make a representation, and may after expiry of such thirty (30) days, if the representation is not found satisfactory or not it is in receipt of such representation, terminate the Agreement by issuing a Notice of Termination of Forty Five (45) days. 16.2 Termination for Authority Event of Default: Without prejudice to any other right or remedy which the Licensee may have under this Agreement, upon occurrence of an Authority Event of Default of any terms and conditions as laid therein this agreement the Licensee shall be entitled to terminate this Agreement; provided that before such Termination, the Licensee shall by a notice of dissatisfaction, inform the Authority of its intent to terminate the Agreement and grant 30 (thirty) days to the Authority , and may after the expiry of such 30 (thirty) days, if such default shall not have been cured or remedied or the Licensee is not in receipt of such response, terminate the Agreement by giving a Notice of Termination of Forty Five (45) days. 16.3 Termination by Authority for Convenience: 16.3.1 The Authority may, at its sole discretion, for any reason whatsoever, at any time during the Licensee Term, terminate the rights of the Licensee, whenever the Authority shall determine that such Termination is in the best interests of the Authority; provided that before such Termination, the Authority shall by a Notice of Termination of Forty Five (45) days in form the Licensee of its intent to terminate the Licensee Agreement.16.3.2 The Licensee agrees and acknowledges that, upon Termination by Authority under the provisions of Clause 16.3.1, the Licensee shall not be entitled for damages, reimbursement of any costs or compensation for anticipatory profits.16.4 Termination by Licensee for Convenience: The Licensee, if desirous of exit, may at any time before expire of the license period may issue a notice of termination in writing of Forty Five (45) days to the ...
Exit Clause. 4.1. Either party may terminate the agreement unconditionally after giving notice of at least three months in advance.
Exit Clause. At the time of expiry of contract period, as per the contract between the parties, the CONSULTANT should ensure a complete knowledge transfer by their deployed professional to the new professional replacing them within a period of 2 weeks. The CONSULTANT at the time of exit shall submit all information relating to the services rendered. This includes all information including but not limited to documents, records and agreements relating to the services reasonably necessary to Customer or any other agency identified to carryout due diligence in order to transition the provision of services to the Customer or any other agency identified. All properties provided by the Customer shall be returned. Section-3 Formats