Remington Termination Event Sample Clauses

Remington Termination Event. Upon the occurrence of any of the following events, the Remington Parties acting through Manager may, at their election exercised in their sole and absolute discretion and upon written notice to the REIT Parties, terminate the REIT Exclusivity Rights:
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Remington Termination Event. Upon the occurrence of any of the following events, the Remington Parties acting through Manager may, at their election exercised in their sole and absolute discretion and upon written notice to the Ashford Inc. Parties, terminate the Ashford Inc. Exclusivity Rights:
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Remington Termination Event. In the event of any of the following events, the Remington Parties, acting through the Manager, shall exercise their own exclusivity rights following their own exclusivity rights, at their discretion and on the basis of written notification from the REIT parties: (i) Xxxxxxxxxx X. Xxxxxxx (1) is removed for no reason, (2) is not reappointed as CEO of the REIT, or (3) resigns as CEO of reit for good reason, or the employment agreement is not renewed or a change of control occurs; but in respect of the foregoing, except in connection with the death of Xxxxxxxxxx X. Xxxxxxx; (ii) Xxxxxx Xxxxxxx, Xx. (1) will not be reappointed chairman of the Board of Directors of the REIT for good reason (2), (3) resigns from the Board of Directors for good reason, or (4) there is a change in management; but for all of the above, </PAGE>in connection with the death of Xxxxxx Xxxxxxx Xx.; (iii) At the expiry of the non-compete restrictions contained in Xxxxxxxxxx X. Xxxxxxx'x employment contract, if the REIT parties have not yet terminated the Remington exclusivity rights, subject to the following 3. and (iv) Subject to the parties' obligation to act in good faith, if Xxxxxxxxxx X. Xxxxxxx is no longer ceo of the REIT and the non-compete -2- restrictions are in his contract <PAGE> and three times in any financial year during the duration of this contract, in combinations defined below: (a) independent directors decide not to conduct a Remington transaction, which the Remington partners provide to remington partners by remington partners in accordance with Article 4(b) the independent directors decide not to participate with the Manager in the rem remington transaction 4 and/or (c) the REIT parties do not close the Remington transaction submitted by the Reit partners to the REIT partners and the failure to close is caused by the REIT partner and not by the third party selling the Remington transaction (it
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Related to Remington Termination Event

  • Additional Termination Event If any "Additional Termination Event" is specified in the Schedule or any Confirmation as applying, the occurrence of such event (and, in such event, the Affected Party or Affected Parties shall be as specified for such Additional Termination Event in the Schedule or such Confirmation).

  • Additional Termination Events The following Additional Termination Events will apply:

  • Transfer to Avoid Termination Event If either an Illegality under Section 5(b)(i)(1) or a Tax Event occurs and there is only one Affected Party, or if a Tax Event Upon Merger occurs and the Burdened Party is the Affected Party, the Affected Party will, as a condition to its right to designate an Early Termination Date under Section 6(b)(iv), use all reasonable efforts (which will not require such party to incur a loss, excluding immaterial, incidental expenses) to transfer within 20 days after it gives notice under Section 6(b)(i) all its rights and obligations under this Agreement in respect of the Affected Transactions to another of its Offices or Affiliates so that such Termination Event ceases to exist. If the Affected Party is not able to make such a transfer it will give notice to the other party to that effect within such 20 day period, whereupon the other party may effect such a transfer within 30 days after the notice is given under Section 6(b)(i). Any such transfer by a party under this Section 6(b)(ii) will be subject to and conditional upon the prior written consent of the other party, which consent will not be withheld if such other party's policies in effect at such time would permit it to enter into transactions with the transferee on the terms proposed.

  • Other Termination Events Subject to Section 6.4(b), this Agreement shall terminate with respect to all Parties upon the earliest to occur of (a) a written agreement among the Parties to terminate this Agreement, (b) the Closing and (c) the delivery of a written notice from the Majority Initial Consortium Members.

  • Termination Event; Notice The Purchase Contracts and all obligations and rights of the Company and the Holders thereunder, including, without limitation, the rights of the Holders to receive and the obligation of the Company to pay any Purchase Contract Payments (including any deferred or accrued and unpaid Purchase Contract Payments), if the Company shall have such obligation, and the rights and obligations of Holders to purchase Common Stock, shall immediately and automatically terminate, without the necessity of any notice or action by any Holder, the Purchase Contract Agent or the Company, if, prior to or on the Purchase Contract Settlement Date, a Termination Event shall have occurred.

  • Servicer Termination Event For purposes of this Agreement, each of the following shall constitute a “Servicer Termination Event”:

  • Termination Events This Agreement may, by notice given prior to or at the Closing, be terminated:

  • Notice of Termination Event Upon the occurrence of a Termination Event, the Company shall deliver written notice to the Purchase Contract Agent, the Collateral Agent and the Securities Intermediary within a reasonable amount of time and to the extent permitted by law.

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