Financing Termination Sample Clauses

Financing Termination. If this Agreement is validly terminated pursuant to Section 8.1(f), and if Buyer shall not at the time of such termination have had the right to terminate this Agreement pursuant to any other provision of Section 8.1 (and would not have had such right pursuant to Section 8.1(d) (provided that, for purposes of this Section 8.2(c), a failure to satisfy the condition contained in Section 6.1(c) shall not be deemed to give rise to the Buyer’s right to terminate this Agreement pursuant to Section 8.1(d)) but for the pendency of the cure period described therein) (a “Financing Termination”), then Sellers shall be entitled to retain the Deposit Amount, which shall constitute liquidated damages with respect to any claim for damages or any other claim 37 which Sellers would be entitled to assert against Buyer, Buyer Parent, any Buyer Subscriber Party and each of their respective Affiliates and Representatives or any of their respective Assets with respect to any such termination of this Agreement, which amount the Parties agree is a reasonable estimate of the Losses that would be suffered by Sellers and does not constitute a penalty. Upon a Financing Termination, and provided, that Buyer shall have delivered the Deposit Amount to the account designated by Rockstar LP, Buyer, Buyer Parent, any Buyer Subscriber Party and each of their respective Affiliates and Representatives shall be fully released and discharged from any Liability or obligation under this Agreement, and Sellers shall not have any other remedy or cause of action under or relating to this Agreement or any applicable Law. For greater certainty, nothing in this Section 8.2(c) shall be construed to limit the equitable remedies of Sellers against Buyer prior to termination of this Agreement to enforce the obligations of Buyer under Section 5.6.
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Financing Termination. 16.1 The customer confirms that the nature of financing under this agreement is short-time, and the bank has the right to audit the financing every year.
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Financing Termination. Upon termination of the Financing, Immunex will likely have three options: . enter into another synthetic lease with the same Lenders or with new lenders; . purchase the property for the outstanding loan balance; or . market and sell the property to a third party. Immunex could also terminate the Financing by paying a termination fee to the lessor. This fee will not exceed 90% of the total Helix Project cost. In most cases, this will prove an inferior option. If the property is sold, Immunex retains any net sales proceeds in excess of the sum of the outstanding loan/equity balance and any unpaid rental and other obligations. If the property is sold and the net sales proceeds are less than the outstanding loan amount, Immunex must pay the balance remaining. Under no circumstances, will the duration of the Guaranty exceed eight years.
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Financing Termination 
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Related to Financing Termination

  • Closing Termination The closing of the Transaction (the “Closing”) shall be effective between the Parties as of 12:00 p.m. Eastern Daylight Time on January 6, 2006 (the “Closing Date”). However, in the event that the Parties have not satisfied all of the conditions necessary to Close by the Closing Date including, without limitation, the completion, review and approval of the Disclosure Schedule (hereinafter the “Closing Conditions”) then, in such event, either Party may extend the time period for satisfying such Closing Conditions until 4:00 p.m. Eastern Daylight Time, February 28, 2006 (hereinafter the “Extended Time”) with the understanding and agreement that if the Closing Conditions are completed to the mutual satisfaction of the Parties by the Extended Time that this Transaction shall be effective as of the Closing Date. In the event that the Closing Conditions have not been completed to the mutual satisfaction of the Parties by the Extended Time, this Agreement may be terminated by either Party unless the Parties through their respective legal counsel otherwise agree in writing to an additional extension of time not to exceed ten (10) consecutive days beginning on the day immediately following the Extended Time for satisfying such Closing Conditions. The Closing shall be conducted remotely through the exchange of documents via fax or email with original documents exchanged via overnight, next day delivery by a reputable national courier on the Closing Date or, if the time for satisfying the Closing Conditions has been extended to the Extended Time, on the date on which the Extended Time ends. All deliveries made at the Closing shall be deemed to have been made simultaneously except as one delivery must logically be deemed to precede or follow another.

  • Servicing Termination The Seller and the Trust hereby appoint Credit Acceptance as Servicer hereunder and Credit Acceptance hereby accepts such appointment and agrees to manage, collect and administer each of the Loans as Servicer. Upon the occurrence of a Servicer Default, the Indenture Trustee shall have the rights set forth in Section 8.01 hereof.

  • Qualifying Terminations Any of the following events resulting in a cessation of the Employee’s employment by the Company during the Covered Employment Term shall constitute a “Qualifying Termination”: (i) discharge by the Company without Cause (as hereinafter defined); or (ii) the Employee’s resignation with Good Reason.

  • Qualifying Termination If the Executive is subject to a Qualifying Termination, then, subject to Sections 4, 9, and 10 below, Executive will be entitled to the following benefits:

  • Payments Following Termination (a) If the Employment is terminated for any reason, either by the Company or by the Executive’s resignation, then the Company shall pay the Executive the following amounts as part of the Company’s next regular payroll cycle but in no event later than thirty (30) days after the Termination Date, to the extent that the same have not already been paid;

  • In the Event of Termination After receipt of a notice of termination, except as otherwise directed, the AGENCY shall:

  • Term Termination 8.1 This Agreement shall be effective as of the date hereof and shall continue in force until terminated in accordance with the provisions herein.

  • CIC Qualifying Termination If the Executive is subject to a CIC Qualifying Termination, then, subject to Sections 4, 9, and 10 below, Executive will be entitled to the following benefits:

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