Right Termination Clause Samples

Right Termination. The Allocation Right applies only once in the case of a Full Trigger Event; accordingly, the Allocation Right (and the Appreciation Allocation Agreement) automatically shall terminate at the time that Company pays the Appreciation Share to YRC. In the case of a payment of the Appreciation Share following a Partial Trigger Event: (a) the Allocation Right automatically shall terminate as to the portion of the Property that is the subject of the Partial Trigger Event; (b) the Allocation Right shall remain in effect with respect to the remainder of the Property that has not been the subject of a previous Partial Trigger Event; and (c) the Appreciation Allocation Agreement shall terminate only when, in the aggregate, the entirety of the Property has been the subject of a Partial Trigger Event. For purposes of clarity, if not terminated sooner pursuant to this Section, the Allocation Right automatically shall terminate upon the expiration of the term of the Appreciation Allocation Agreement.