Right to Terminate Following Termination Event Sample Clauses

Right to Terminate Following Termination Event. Sections 6(b)(ii)-(iv) are deleted in their entirety and replaced by the following:
AutoNDA by SimpleDocs
Right to Terminate Following Termination Event. Section 6(b)(ii) of this Agreement is amended by deleting the words “or if a Tax Event Upon Merger occurs and the Burdened Party is the Affected Party”.
Right to Terminate Following Termination Event. Section 6(b) of this Agreement is hereby amended by inserting the following before the period at the end of the last sentence of the existing text: “; provided, however, that any election by Party A to designate an Early Termination Date arising in respect of a Change in Tax Law shall not be effective if, within 30 days following Party B’s receipt of notice from Party A of Party A’s designation of an Early Termination Date in respect of any event described in Section 5(b)(ii) of this Agreement, Party B notifies Party A that it waives its right to receive additional amounts from Party A under Section 2(d)(i)(4) of this Agreement that would not otherwise be payable but for such Change in Tax Law”.
Right to Terminate Following Termination Event aejs A0108104220v5 205789996 1.06.2007 Page 8
Right to Terminate Following Termination Event. (i) Notice If a Termination Event occurs, an Affected Party will, promptly upon becoming aware of it, notify the other party, specifying the nature of that Termination Event and each Affected Transaction and will also give such other information about that Termination Event as the other party may reasonably require.
Right to Terminate Following Termination Event. (b) 终 止 事 件 后 的 终 止 权 利。
Right to Terminate Following Termination Event. (i) Transfer to Avoid Termination Event. Section 6(b)(ii) of this Agreement will not apply to Party A and will apply to Party B.
AutoNDA by SimpleDocs
Right to Terminate Following Termination Event 

Related to Right to Terminate Following Termination Event

  • Right to Terminate Following Event of Default If at any time an Event of Default with respect to a party (the “Defaulting Party”) has occurred and is then continuing, the other party (the “Non-defaulting Party”) may, by not more than 20 days notice to the Defaulting Party specifying the relevant Event of Default, designate a day not earlier than the day such notice is effective as an Early Termination Date in respect of all outstanding Transactions. If, however, “Automatic Early Termination” is specified in the Schedule as applying to a party, then an Early Termination Date in respect of all outstanding Transactions will occur immediately upon the occurrence with respect to such party of an Event of Default specified in Section 5(a)(vii)(1), (3), (5), (6) or, to the extent analogous thereto, (8), and as of the time immediately preceding the institution of the relevant proceeding or the presentation of the relevant petition upon the occurrence with respect to such party of an Event of Default specified in Section 5(a)(vii)(4) or, to the extent analogous thereto, (8).

Time is Money Join Law Insider Premium to draft better contracts faster.