Limited Right of Termination. (a) Nipawin and SRC each acknowledges that Licensee will materially base its planning, financing, and operation of the Project on the license granted in this Agreement. Accordingly, the parties agree that either Nipawin or SRC may terminate this Agreement prior to its expiration only if Licensee (1) fails to cure a payment breach within 30 days after either Nipawin’s or SRC’s written notice to all parties specifying the breach, or (2) fails to cure any other material breach of this Agreement within 45 days after either Nipawin’s or SRC’s written notice to all parties specifying the breach, provided this other material breach by Licensee was knowing, deliberate, and persistent.
Limited Right of Termination. (a) Fulcrum acknowledges that Licensee will materially base its planning, financing, and operation of the Project on the license granted in this Agreement. Accordingly, the parties agree that Fulcrum may terminate this Agreement prior to its expiration only if Licensee (1) fails to cure a payment breach within 30 days after Fulcrum’s written notice specifying the breach, or (2) fails to cure any other material breach of this Agreement within 45 days after Fulcrum’s written notice specifying the breach, provided this other material breach by Licensee was knowing, deliberate, and persistent.
Limited Right of Termination. (a) Tenant shall have a conditional right to terminate this Lease effective [***] (the “Early Termination Date”). If Tenant exercises its right hereunder, it shall give the Landlord written notice of its election to terminate (the “Termination Notice”) at least [***] months prior to the Early Termination Date (the “Termination Period”).
Limited Right of Termination. In the event Xx. Xxxxx does not become a party to this Agreement, PHC shall have the right, but not the obligation, to terminate this Agreement prior to Closing pursuant to this Section 4.10(c). If PHC terminates this Agreement pursuant to this Section 4.10(c) or any Accredited Investor terminates this Agreement pursuant to Section 4.10(a), (i) this Agreement shall be of no further force and effect, (ii) each party shall pay all expenses incurred by him/it in connection with the proposed transactions, (iii) no party shall be entitled to recover any damages as the result of such termination, and (iv) PHC shall return to Target all documents received by PHC hereunder and Target and Shareholders shall return to PHC all documents received by Target or any Shareholder hereunder. (d
Limited Right of Termination. Each Party hereby acknowledges that: (a) this Agreement is terminable prior to the expiration of this Agreement as set forth in Section 8.1 solely in the circumstances set forth in Section 8.2 and Section 8.4; (b) this Agreement is otherwise not subject to termination for any other reason, unless mutually agreed upon by both Parties in writing; and (c) this limitation is essential to each Party’s agreement to enter into and be bound to this Agreement. However, the foregoing is not intended to limit the remedies available to a Party hereunder in law (including seeking and obtaining monetary damages) or in equity (other than reformation of this Agreement, which remedy the Parties agree is not available to either Party). 9.
Limited Right of Termination. Tenant shall have a conditional right to terminate this Lease by (a) giving Landlord written notice of its election to terminate (the “Termination Notice”) not earlier than the 365th day prior to, and not later than the 270th day prior to, the 6th anniversary of the Commencement Date (the “Termination Period”), and (b) paying to Landlord, at the time of the Termination Notice, a fee (the “Termination Fee”) equal to (i) the then-unamortized value of all costs and expenses incurred by Landlord in any connection with the Lease, including all costs of constructing improvements (whether paid directly by Landlord or indirectly through allowances to Tenant), all out-of-pocket costs of brokerage commissions, legal fees and other costs, and all other rent concessions, moving allowances or credits, with such amortization to be calculated with interest at the annual rate of 10% over the Term and prorated to the date the termination is to become effective, and (ii) a separate fee of 6 times the monthly installment of Rent (including all Base Rent and Additional rent) which will be in effect at the time the termination is to become effective. Within ten (10) days after request by Tenant, Landlord shall provide Tenant with a written statement of its calculation of the Termination Fee. If (and only if) Tenant both delivers the Termination Notice and pays the Termination Fee within the Termination Period, and further provided that Tenant is not in default (beyond any applicable notice and/or cure period) of any term in this Lease either on the date of the Termination Notice or on the date on which such termination is to become effective, then the Lease will be terminated effective on the 6th anniversary of the Commencement Date. Tenant shall not have the right to terminate this Lease if it fails either to deliver the Termination Notice or pay the Termination Fee within the Termination Period.
Limited Right of Termination. In the event any of the ---------------------------- Unaccredited Investors do not become a party to this Agreement, PHC shall have the right, but not the obligation, to terminate this Agreement prior to Closing pursuant to this Section 4.11(c). If PHC terminates this Agreement pursuant to this Section 4.11(c), (i) this Agreement shall be of no further force and effect, (ii) each party shall pay all expenses incurred by him or her in connection with the proposed transactions, (iii) no party shall be entitled to recover any damages as the result of such termination, and (iv) PHC shall return to Practice Group all documents received by PHC hereunder and vice versa.
Limited Right of Termination. Landlord hereby grants Tenant a limited right of termination of the Lease as set forth in this paragraph 4. Tenant may exercise the option to terminate the Lease by failing to deliver the Letter of Credit by September 8, 1998, for any
Limited Right of Termination. 26.6.1 In the event that the DBO Contractor reaches the limit set forth in subsection 18.1.6(b), the Owner shall have the sole and exclusive right to:
Limited Right of Termination. If LICENSEE shall cease to operate the Background/Foreground Music Service referred to in this agreement and if LICENSEE shall have discharged all the obligations of LICENSEE to SOCIETY under this agreement, then LICENSEE may terminate the license granted by this agreement upon thirty days prior written notice to SOCIETY, but no such termination shall relieve LICENSEE of any obligations hereunder as to performances rendered, acts done and obligations incurred prior to the effective date of such termination.
