Termination by a Party Sample Clauses
The 'Termination by a Party' clause grants either party the right to end the agreement under certain specified conditions. Typically, this clause outlines the circumstances under which a party may terminate, such as material breach, insolvency, or failure to perform obligations, and may require written notice before termination becomes effective. Its core function is to provide a clear and fair mechanism for exiting the contract when significant issues arise, thereby protecting both parties from ongoing obligations in untenable situations.
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Termination by a Party. This Agreement may be terminated by either party at any time upon 60 days written notice to the other party. Upon the appointment of a replacement custodian by the Client, the Securities Firm shall have a reasonable time to transfer the Securities and Property, along with records pertaining to the Securities and Property, to the new custodian, in accordance with the written instructions of the Client, the Commissioner, or the person or entity legally entitled to receive such Securities and Property.
Termination by a Party. Any Operator Party may terminate its participation in this Agreement with immediate effect by written notice served on each of the other Parties if that Party becomes aware that a Quality Contract Scheme is being considered by any of the CA, Nexus, the Local Authorities or if any steps are taken in any area, or part of an area covered by this Agreement (or an area substantially similar to it), to implement a Quality Contract Scheme.
Termination by a Party. If either party decides to withdraw from the Collaborative Process, the party shall give prompt written notice to the other party or Team members. Such notice may be given through his or her attorney. Such withdrawal by a party terminates the Collaborative Process. Upon such withdrawal, in order to provide the other party the opportunity to retain another attorney and make an orderly transition, there will be a thirty (30) day period (unless there is an emergency) before either party files any pleading or motion with, or otherwise makes any request to, a court,. During this thirty (30) day period, all temporary agreements, even if unsigned, set forth in approved Minutes, and the parties’ agreement herein to preserve the status quo, will remain in full force and effect. The intent of this provision is to avoid surprise and prejudice to the rights of the other party. It is therefore mutually agreed that either party may bring this provision to the attention of the Court in requesting a postponement of a hearing, or dismissing the case, or ensuring that the terms of temporary agreements and the parties’ status quo agreement are followed during the thirty (30) day period. In the event that a party terminates the Process under 9.A(ii) or (iii), the other party is not bound by the waiting period described herein.
Termination by a Party. Any Party may terminate this MOU by giving written notice to the other Party.
Termination by a Party. Notwithstanding Section 7.1, this Agreement may be terminated by written notice of termination given by a Party to the other Party if any of the following events occur:
(a) upon breach by such other Party of any term, condition or provision to be observed or performed by such Party hereunder where such breach has not been rectified within 30 days of receipt of written notice identifying the breach;
(b) if the other Party makes an assignment in bankruptcy or a petition in bankruptcy is filed against the other Party, if the other Party becomes bankrupt or insolvent or avails itself of any legislation that may from time to time be in force which is of advantage to a bankrupt or insolvent person, if a trustee, liquidator, receiver, manager or custodian is appointed with respect to any of the property or assets of any such Party or if a writ of execution or similar process is obtained against the other Party and is not satisfied within 30 days of the issuance thereof; or
(c) any legislative or policy change by the Government of Canada or the Government of Ontario or their agents relating to the regulation and control of the sale of Beer in Ontario that has a negative impact on such Party.
Termination by a Party. Notwithstanding anything contained herein to the contrary, after the Research Program has ended or been terminated and if no IRCT Compounds are being sold as Products and no IRCT Compounds are in development, MERCK shall have the right to terminate this Agreement at any time in its sole discretion by giving ninety (90) days’ advance written notice to deCODE. Not later than thirty (30) days after the date of such termination, each Party shall return or cause to be returned to the other Party all Information in tangible form received from the other party and all copies thereof, except that each party may retain one copy in its confidential files for records purposes. In the event of termination under this Section 8.2: (i) each Party shall pay all amounts then due and owing as of the termination date; and (ii) except for the surviving provisions set forth in Section 8.4 hereof, the rights and obligations of the parties hereunder shall terminate as of the date of such termination; PROVIDED, HOWEVER, that MERCK retain all licenses granted under Section 3.1 in the scope that existed immediately prior to termination.
Termination by a Party. (a) Novartis may terminate this Agreement at any time after [***] days’ prior written notice to SGX, in the event that Novartis reasonably determines that further development of any and all Collaboration Compounds and Product(s) is not viable for competitive, efficacy or safety reasons.
(b) SGX may terminate this Agreement upon [***] days’ prior written notice in the event of a Final Determination that Novartis has ceased using reasonable commercial efforts pursuant to Section 6.5 hereof.
Termination by a Party. 8.2.1 Either Party shall have the right to immediately and without the prior intervention of a court or any other judicial formality terminate all or part of the Agreement, without prejudice to any other remedy available, if the other Party:
(i) is in a situation of death, financial difficulties, bankruptcy, liquidation or abandonment of all or a substantial part of its assets; or,
(ii) is guilty of fraud, wilful intent and/or gross negligence; or
(iii) damages the former Party's reputation, image and/or good name, or is convicted of a serious crime or engages in other conduct which affects the necessary trust and confidence; or,
(iv) finds itself in other cases provided by the Agreement.
8.2.2 Termination by FLUXYS due to a cause attributable to the CONTRACTOR (including its Staff or subcontractor(s)) pursuant to this Article 8.2 shall not give rise to payment of any compensation by FLUXYS. Deliverables provided by the CONTRACTOR in accordance with the Agreement prior to the termination of the Agreement shall however be reimbursed according to the payment terms set out therein, subject to possible counterclaims and with the right for FLUXYS to suspend any payment until FLUXYS has been fully compensated by the CONTRACTOR for the damage caused by the CONTRACTOR's default.
Termination by a Party. Either party may terminate this Support Agreement as follows:
8.2.1 If either Motorola or Customer provides a written notice to the other party, at least 90 days prior to the end of the then-current Support Term, of its intent to terminate this Support Agreement at the end of such Support Term; or
8.2.2 Upon 30 days prior written notice, if the other party has materially breached any provision of this Support Agreement and the offending party has not cured such breach within the 30-day notice period.
Termination by a Party. This Agreement may be terminated at any time prior to the Closing by either Party (the “Non-Breaching Party”) by giving written notice to the other Party (the “Breaching Party”) if (a) there has been a breach by the Breaching Party of any agreement, covenant, representation or warranty contained in this Agreement, which breach shall not have been cured to the satisfaction of the Non-Breaching Party prior to the Closing, or (b) the Closing does not occur on or prior to the Closing Date.