Termination and Rescission. 8.4.1 This Agreement shall terminate upon the occurrence of any of the following events:
Termination and Rescission. Rental agreements with no pre-determined rental period can be terminated by either party with one working days' written notice. Rental agreements with a pre-determined rental period/price run for the agreed period, unless otherwise agreed in writing. BAS can rescind an agreement if the rental equipment is not treated properly, the customer is found to be insolvent, BAS does not consider the customer’s creditworthiness to be sufficient and/or the customer has defaulted on one or more due payment commitments. On rescission, the customer commits to return all equipment that has been rented or not paid for, or assist BAS in collecting machines and equipment. In such cases, BAS may additionally claim compensation for any loss that BAS suffers as a result of the rescission. If BAS fails to perform maintenance and repairs in a satisfactory manner when, according to an overall assessment, this may be considered a material breach of the rental agreement, the customer can rescind the agreement for those units involved. If BAS fails to supply one or more ordered units at the agreed time, the parties shall attempt to agree a new delivery time in writing. If there is failure to reach an agreement, the customer is entitled to cancel the delayed units after (i) 3 working days from the original time of delivery for rental objects with continuing rental periods or pre-agreed rental periods of less than 3 months; (ii) 5 working days from the time of delivery for rental objects with pre-agreed rental periods of more than 3 months. Other than the right of cancellation, it is agreed that the customer is unable to use other remedies in case of delayed delivery, including compensation.
Termination and Rescission. 14.1 Any agreement between the Principal and the Contractor may be terminated without notice for good cause. Grounds for good cause shall, in particular but without limitation, include: (i) a serious breach of duty by the Contractor which is not remedied within a reasonable period of time set forth by the Principal after the written complaint is received; (ii) a considerable deterioration of a party's financial situation which threatens to impact such party' s ability to perform its obligations and / or to discharge of its tax and / or social liabilities; or (iii) the purchase or use of the goods or the services is or will be either entirely or partly impermissible due to legal or official regulations.
Termination and Rescission. As a result of entering into the Amended Note in favor of JR, JR and Company (i) agree to cancel and terminate the Proposal Letter, Security Agreement, and Mortgage Agreement, which agreements are hereby null and void and of no further force and effect, and (ii) acknowledge that the 250,000 shares of Company common stock were not, and will not be, issued pursuant to the Subscription Agreement and agree to rescind such issuance and terminate the terms of the Subscription Agreement including the issuance of the shares thereunder, which agreement is hereby null and void and of no further force and effect.
Termination and Rescission. 1. Each party shall only be authorised to rescind an agreement due to an attributable failure in the performance of the agreement if the other party, in all cases after a written notice of default that is as detailed as possible and that grants a reasonable term to remedy the breach that has been issued, is culpably failing to fulfil essential obligations under the agreement.
Termination and Rescission. If the Court declines to grant either preliminary or final approval to this Settlement Agreement or any material part hereof (as set forth in Sections II(G)(3) or (G)(7) above, respectively), or if the Court approves this Settlement Agreement in a materially modified form, or if after the Court’s approval, such approval is materially modified or set aside on appeal, or if the Court does not enter the Final Order and Judgment, or if the Court enters the Final Order and Judgment and appellate review is sought and on such review such Final Order and Judgment is not affirmed (collectively “Triggering Events”), then Settling Defendant and Plaintiffs shall each, in their respective sole and absolute discretion, have the option to rescind this Settlement Agreement in its entirety by providing written notice of their election to do so (“Termination Notice”) to each other within thirty (30) calendar days of such Triggering Event. For purposes of this Section II(G)(10), a material modification includes but is not limited to any modification to the Settlement Amount or the scope of the Released Claims pursuant to Section I(B) and Section II(C). In no way shall Plaintiffs have the right to rescind, cancel or terminate this Settlement Agreement if the Court fails or refuses to grant any requested attorneys’ fees, any costs, or any service awards to Class Representatives.
Termination and Rescission. The doctoral student and any supervisor may terminate the Supervision Agreement for good cause, for instance in cases where the doctoral student has not met the agreed interim objectives despite having been granted a grace period twice, or if the personal bond of trust has been broken. Notice must be served in writing, specifying the reasons for the termination. The written notice must be given to the doctoral student or each supervisor. The parties shall endeavour to reach mutual written rescission. The parties involved are no longer tied to the obligations under the Supervision Agreement once the agreement has been rescinded or terminated; other duties in accordance with the respectively applicable doctoral degree regulations remain hereby unaffected. If the doctoral student has already been accepted or admitted to the University of Passau in accordance with the applicable doctoral degree regulations, the chairperson of the relevant faculty’s Board of Examiners for Doctoral Awards must be informed of the rescission or termination. A new Supervision Agreement may be concluded between the doctoral student and the remaining supervisor and/or other supervisor.
Termination and Rescission. 13.1 本协议在下述情形下自然终止： This Agreement shall expire under any of the following circumstances:
Termination and Rescission. 29. (a) Within fourteen (14) business days after the end of the period to request exclusion from the Settlement Class, Co-Lead Counsel will cause copies of timely requests for exclusion from the Settlement Class to be provided to counsel for Xxxx Capital.
Termination and Rescission. If the Authorized Share Capital has not been approved by the Company’s shareholders by September 30, 2012, then the Investor shall have the right (but not the obligation) to terminate and rescind this Agreement and any documents, instruments or deeds executed by the Investor (including, but not limited to, the Subscription Forms) with immediate effect by written notice to the Company. If the Company has satisfied all conditions precedent to the obligations of the Investor with respect to the first two (2) Share Installments and the Investor or its Permitted Assignees have failed to pay the cumulative total of $1,000,000 (in words: one million US dollars) for such Installments, or have failed to pay $1,000,000 (in words: one million US dollars) for any subsequent Share Installment, then the Company shall have the right (but not the obligation) to terminate and rescind this Agreement and any documents, instruments or deeds executed by the Investor on 5 (five) days’ written notice to the Investor. In case notice of termination and rescission is made in accordance with the preceding paragraph each of the Parties acknowledges and agrees that this Agreement (subject to Section 11.7 below) shall be deemed terminated and shall be without any further effect, it being understood that any such termination shall not have any effect whatsoever on subscriptions for Subscriptions Shares and/or sales of outstanding shares that the Company has received payment for or have already been registered in the commercial register; and notwithstanding anything contained herein to the contrary, it is acknowledged and agreed that the right of termination and rescission pursuant to this section 7 shall be without prejudice to any other rights or remedies that the respective investor(s) may have under this agreement or under applicable laws.
