Termination By DFS Clause Samples
The 'Termination By DFS' clause grants the party identified as DFS the explicit right to end the agreement under specified circumstances. Typically, this clause outlines the conditions or procedures DFS must follow to exercise this right, such as providing written notice or adhering to a minimum notice period. Its core practical function is to provide DFS with flexibility and control over the continuation of the contractual relationship, allowing them to exit the agreement if necessary and thereby managing their risk exposure.
Termination By DFS. DFS may terminate this Agreement, in whole or in part, as of a date specified in a written notice of termination given to BancTec in any of the following circumstances:
Termination By DFS. If DFS terminates its relationship with Buyer, the Subordinated Payment shall not be made until DFS has been paid in full. Seller agrees to subordinate the Subordinated Payment to any successor senior debtor of Seller upon terms substantially the same as set forth in this Agreement.