Rescission of Agreement. (a) In the event that the Development Agreement is not registered within one (1) year from the date hereof, then the Town may, at its option and on one (1) months’ notice in writing to the Developer, declare this Agreement null and void and may Register against the title to the Lands included within the Development Plan a notice to that effect.
Rescission of Agreement. The Agency Shop agreement may be rescinded at any time during the term of the Memorandum of Understanding by a majority vote of all the employees in the bargaining unit. A request for such vote must be supported by a petition containing the signatures of at least thirty (30) percent of the employees in the unit. The election shall be by secret ballot and conducted by the California State Mediation and Conciliation Service and in accordance with state law.
Rescission of Agreement. If the Closing occurs prior to a Final Order, and prior to becoming a Final Order, the FCC Consent is reversed or otherwise set aside, and there is a final order of the FCC (or court of competent jurisdiction) requiring the re-assignment of the Licenses to Seller, then Seller and Buyer agree that the purchase and sale of the Purchased Assets shall be rescinded. In such event, Buyer shall reconvey to Seller the Purchased Assets, and Seller shall repay to Buyer the Purchase Price and reassume the Assumed Contracts and the Assumed Liabilities assigned and assumed by Buyer at Closing. Any such rescission shall be consummated on a mutually agreeable date within thirty (30) calendar days of such final order (or, if earlier, within the time required by such order). In connection therewith, Buyer and Seller shall each execute such documents (including execution by Buyer of instruments of conveyance of the Purchased Assets to Seller and execution by Seller of instruments of assumption of the Assumed Contracts and the Assumed Liabilities assigned and assumed at Closing) and make such payments (including repayment by Seller to Buyer of the Purchase Price) as are necessary to give effect to such rescission.
Rescission of Agreement. The Purchaser shall have the right to rescind the Agreement under the following circumstances:
Rescission of Agreement. 9.1 If either Party commits serious breach of this Agreement, and further fails to cure such breach within thirty (30) days upon receiving the notice about the occurrence and existence of the breach from the non-breaching Party, the other Party shall be entitled to rescind this Agreement by giving a notice to the breaching Party. During the term hereof, Party A has the right to terminate this Agreement by giving a thirty (30)-day written notice to Party B at anytime.
Rescission of Agreement. This Agreement may be terminated by both parties, in common accord, or may be terminated by any party in the event of legal impediments or breach of any clauses herein agreed upon. It can be canceled by either of the parties through a written Termination Notice to the other party within at least three months prior to the effective termination date, and all obligations and commitments assumed by both parties before that date must be honored. Activities being executed must not suffer any financial discontinuation and no indemnity will be owed by either party. Sub-clause One: In case of termination, all pending projects and activities in execution will be dealt with by a Memorandum of Termination of Agreement, wherein responsibilities will be assigned regarding the termination or suspension of such pending activities. The Memorandum of Termination of Agreement will also have clauses defining responsibilities for any pending issues regarding intellectual property or authorship rights, methodologies, and works, and dissemination of information available to all participants. CLAUSE EIGHT: MODIFICATIONS Additional clauses or changes made to this Agreement, when necessary, will be made through Appendices, which after duly approved by both parties, will become an integral part of the present Agreement.
Rescission of Agreement. Notwithstanding any provision in this Consulting Agreement to the contrary, in the event Consultant delivers a Notice of Rescission (as defined in the Settlement Agreement) to the Company, then this Consulting Agreement shall, upon receipt of the Notice of Rescission by the Company, also be deemed to be simultaneously rescinded and rendered null and void in all respects.
Rescission of Agreement. Until Lessee pays Lessor the interim price (where there is no interim price, the balance), Lessor may repay double the contract price and Lessee may renounce the contract price and rescind this Agreement.
Rescission of Agreement. In the event that any of the conditions enumerated in this Agreement shall not be fulfilled or performed at or prior to the Closing, the Purchaser or the Vendor in whose favour the condition was inserted as the case may be, may rescind this Agreement by notice to the other. In such event, the party giving notice shall thereupon be released from all obligations hereunder, and, unless such party can establish that the condition or conditions for the nonfulfillment or nonperformance of which it has rescinded this Agreement are reasonably capable of being fulfilled or performed by the other party, then the other party also shall be released from all obligations hereunder.
Rescission of Agreement. This Agreement shall be rescinded in its entirety and deemed null and void ab initio if the Note is not repaid in full on or before February 1, 2009. In such event, (a) Buyer and Seller automatically shall revert back to their respective ownership positions with respect to the Assets and their obligations to one another as existing immediately prior to the Closing, (b) the Note shall be cancelled, and (b) Buyer agrees to cooperate with Seller and execute such instruments of transfer as Seller may reasonably request in order to convey the Assets back to Seller.
