Optional Termination by the Company Sample Clauses

Optional Termination by the Company. (a) On any Business Day, the Master Servicer may require the Trustee to cause the Series 2000-1 Revolving Period to terminate on the date (the “Series 2000-1 Optional Termination Date”) set forth in an irrevocable written notice (the “Series 2000-1 Optional Termination Notice”) delivered by the Master Servicer to the Trustee (which date, in any event, shall not be less than (i) thirty (30) days after the date on which such notice is delivered or (ii) as otherwise provided in Section 2.14(d)). Following the occurrence of the Series 2000-1 Optional Termination Date, no amounts deposited in the Series 2000-1 Principal Collection Subaccount will be distributed to the Company until the Series 2000-1 Invested Amount is paid in full. To the extent allocated funds are available therefore, payments of principal on the Series 2000-1 VFC Certificates will commence on the Distribution Date next succeeding the Series 2000-1 Optional Termination Date and will be made on each Distribution Date thereafter until the Series 2000-1 Invested Amount is paid in full or the Participation Assets allocated to the Series 2000-1 Interests have been depleted. Notwithstanding the foregoing, the Series 2000-1 Invested Amount may, on (i) any Distribution Date on or after the Series 2000-1 Optional Termination Date, be paid in full out of the proceeds of the issuance of a new Series of Investor Certificates issued in accordance with Section 5.11 of the Pooling Agreement, together with (if applicable) funds available in the Series 2000-1 Principal Collection Subaccount or (ii) the Series 2000-1 Optional Termination Date, be paid in full in accordance with the terms set forth in Section 2.14(b) through Section 2.14(h). The Trustee shall give prompt notice of its receipt of a Series 2000-1 Optional Termination Notice under this Section 2.14(a) to the Series 2000-1 VFC Certificateholders (in the form and at the location specified by such VFC Certificateholder or the Trustee).
Sample 1
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Optional Termination by the Company. (i) The Company shall have the right to terminate the Commitment at any time upon 30 days' written notice to the Purchasing Bank, the Bond Insurer, the Trustee, the Paying Agent and the Remarketing Agent; provided, however, that in connection with any such termination the Company shall pay to the Banks any and all amounts then accrued or owing to the Banks under this Agreement and there shall be purchased from the Purchasing Bank all Bank Bonds, together with accrued interest thereon.
Sample 1

Related to Optional Termination by the Company

  • Other Termination by the Company If the Company terminates Executive’s employment without Cause before this Agreement terminates, or Executive terminates his employment for Good Reason (defined below) before this Agreement terminates, the Company will pay Executive a payment having a present value equal to the compensation and other benefits he would have been entitled to for the remainder of the term if his employment had not terminated. All payments made pursuant to this Section 9(b) shall be completed no later than March 15 of the calendar year following the calendar year in which Executive’s employment terminates.

  • Termination by the Company Subject to Section 13(f) hereof, the Company shall have the right, by giving three (3) days’ notice as hereinafter specified to terminate this Agreement in its sole discretion at any time after the date of this Agreement.

  • Termination for Cause by the Company If the Company shall terminate the Executive’s employment with the Company for Cause, then upon such termination, the Company shall have no further obligation to Executive hereunder except for the payment or provision, as applicable, of (i) the portion of the Annual Base Salary for the period prior to the effective date of termination earned but unpaid (if any), (ii) all unreimbursed expenses (if any), subject to Sections 2.4 and 5.10(c), and (iii) other payments, entitlements or benefits, if any, in accordance with terms of the applicable plans, programs, arrangements or other agreements of the Company (other than any severance plan or policy) as to which the Executive held rights to such payments, entitlements or benefits, whether as a participant, beneficiary or otherwise on the date of termination (“Other Benefits”). For the avoidance of doubt, Executive shall have no right to receive (and Other Benefits shall not include) any amounts under any Company severance plan or policy or pursuant to Article 3 or Article 4 upon Executive’s termination for Cause.

  • Termination by the Company for Cause The Executive’s employment under this Agreement may be terminated by the Company for Cause at any time upon written notice to the Executive without further liability on the part of the Company. For purposes of this Agreement, a termination shall be for Cause if:

  • Termination by the Company with Cause The Company shall have the right at any time to terminate the Executive's employment hereunder without prior notice upon the occurrence of any of the following (any such termination being referred to as a termination for "Cause"):

  • Termination by the Company without Cause; Termination by the Executive for Good Reason (a) For purposes of this Agreement, “Good Reason” shall mean, unless otherwise consented to by the Executive,

  • Termination by the Company for Cause; Termination by the Executive without Good Reason (a) For purposes of this Agreement, “

  • Termination by the Company Without Cause The Company may terminate the Executive’s employment hereunder at any time without Cause. Any termination by the Company of the Executive’s employment under this Agreement which does not constitute a termination for Cause under Section 3(c) and does not result from the death or disability of the Executive under Section 3(a) or (b) shall be deemed a termination without Cause.

  • Termination by the Consultant The Consultant may terminate the provision of his services under this Agreement on not less than 30 days' notice to the Company, in which case the obligations of the Company will be the same as though the services were terminated for cause.

  • Termination by the Bank The Bank may terminate the employment of the Executive as follows:

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