Ordinary Termination Clause Samples

Ordinary Termination. This contract may be terminated by either party by giving three (3) months' notice for the end of a month. The earliest possible termination date is ..................................

Ordinary Termination. The Borrower shall have the right to terminate this Credit Agreement at any time with immediate effect. UBS shall have the right to terminate this Credit Agreement at any time with immediate effect, and to refuse to make funds available to the Borrower under the credit facility at its discretion, without having to provide any reasons. Any termination shall cancel the unused portion of the credit facility with immediate effect. To the extent that the credit facility has been drawn down, any outstanding amounts shall become due and payable as follows: immediately on expiration of the agreed term Any guarantees and documentary credits issued by UBS shall remain in effect with no changes until their expiration in accordance with the terms and conditions applicable on a case-by-case basis, and the Borrower shall remain fully liable.

Ordinary Termination. 18.1 This Master Agreement may be terminated by either Party by prior written notice. Termination shall be effective upon receipt by the other Party of such notice. 18.2 Termination will not affect any outstanding rights and obligations under this Master Agreement or any Transaction.

Ordinary Termination. The parties agree that this Agreement, including all rights granted by Seller to Purchaser hereunder and including the power of attorney granted hereunder, shall automatically terminate on the Threshold Date without the need of any Notice of termination. Upon such termination, (i) all ownership interests or other Adverse Claims arising through Purchaser in the Purchased Receivables and any other property in respect of which an ownership interest or Adverse Claim was granted by Seller, or otherwise arose, in favor of Purchaser pursuant to the Transaction Documents, shall be automatically, and without the need for any further action, terminated and released, (ii) Purchaser shall, at its own sole cost and expense, deliver and, where applicable, execute and endorse such agreements, documents and instruments evidencing or effecting the release of the security interests, liens and other Adverse Claims in the Purchased Receivables and any other property in respect of which an Adverse Claim was granted by Seller, or otherwise arose, in favor of Purchaser pursuant to any Transaction Documents as may be reasonably requested and prepared from time to time by Seller and reasonably acceptable to Purchaser and (iii) Seller may amend, terminate or otherwise modify any financing statements filed against Seller without the consent of Purchaser. In addition, following the Threshold Date, at the written request of Seller, Purchaser shall deliver an instruction letter, in form and substance reasonably satisfactory to Seller, to any Counterparty directing them to remit all Royalty Payments and related reports directly to Seller and otherwise terminating and revoking all instructions and powers of attorney set forth or referred to in the Consent and Instruction Letter or similar letter delivered from time to time, and, if Purchaser fails to deliver such a letter to any Counterparty within ten (10) Business Days of such request, Purchaser hereby authorizes Seller to deliver such a letter to such Counterparty on behalf of Purchaser. Notwithstanding the forgoing, Sections 7.5, 6.2, 6.10, 6.12 and Article VIII shall survive any such termination of this Agreement.

Ordinary Termination. The Franchisor may at any time and in its sole discretion terminate this Agreement by serving a prior termination notice of 6 (six) months to the Franchisee.

Ordinary Termination. Notice of termination must be submitted in writing or per e-mail.

Ordinary Termination. This Agreement, the entry into force of which is stated at the end of this document, shall be concluded for an indefinite period of time. It may be terminated by registered letter by either of the parties to the Agree- ment, without giving reasons, upon one month’s notice before the end of each quarter of the calendar year.

Ordinary Termination. This Employment Agreement may be terminated by either party upon twelve (12) months’ notice, effective as of the end of the month.

Ordinary Termination. Either Party may terminate the R&D Agreement at any time at its sole discretion, but it must give a written notice of termination to the other Party 6 (six) months in advance (i.e. 6 months away from the end of the month of termination).