Termination by RBS Sample Clauses
The 'Termination by RBS' clause grants the Royal Bank of Scotland (RBS) the explicit right to end the agreement under specified circumstances. Typically, this clause outlines the conditions under which RBS may exercise this right, such as breaches of contract, insolvency, or other defined events, and may require RBS to provide notice to the other party before termination takes effect. Its core practical function is to provide RBS with a clear and enforceable mechanism to exit the contract if certain risks or issues arise, thereby protecting its interests and ensuring flexibility in managing contractual relationships.
Termination by RBS. 5.10.2.1 Failure to Establish HTS. RBS will have the option to terminate the Research Collaboration if an HTS for the CKR-3 receptor-based assay cannot be established at RBS. In the event RBS elects not to terminate the Research Collaboration as provided herein, the Research Plan and the level of Research Funding will be re-evaluated given the change in the focus and intent of the Research Collaboration.
Termination by RBS. 5.11 Clinical and Regulatory Activity..............................
Termination by RBS. Subject to Section 12(f) hereof, RBS shall have the right to terminate this Agreement in its sole discretion at any time after the date of this Agreement.