Termination following Event of Default Sample Clauses

Termination following Event of Default. 16.4.1 Without prejudice to any other right or remedy under the LSA, a Party may terminate (all but not part of) the LNG Services without the need for a court’s intervention and without indemnity by written notice of ninety (90) Days to the other Party in case of an Event of Default in respect of the other Party which has not been remedied upon expiry of the notice served to the Defaulting Party pursuant to GC 16.3.1. Such termination shall not take effect if the Event of Default has been remedied during the ninety (90) Days’ notice period under this GC 16.4.1.
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Termination following Event of Default.  Without prejudice to any other right or remedy under the LSA, a Party may terminate (all but not part of) the LNG Services without the need for a court’s intervention and without indemnity by written notice of ninety (90) Days to the other Party in case of an Event of Default in respect of the other Party which has not been remedied upon expiry of the notice served to the Defaulting Party pursuant to GC 16.3.1. Such termination shall not take effect if the Event of Default has been remedied during the ninety (90) Days’ notice period under this GC 16.4.1.  In the event of termination by Terminal Operator pursuant to GC 16.4.1, Terminal Operator shall be entitled to and Shipper shall pay an indemnity payment equal to the termination indemnity due by Shipper in the event of termination for convenience under GC 16.5.  Termination of the Agreement does not affect any rights or obligations which may have accrued to either Party prior to termination, and any provisions of the Agreement necessary to settle any obligations or liabilities accrued in respect of the period prior to termination will survive termination until such obligations and liabilities have been settled finally and in full, without prejudice to GC 16.3.3 and 16.3.4.  Termination of the Agreement is without prejudice to any provisions of the Agreement which are expressly stated to survive termination (including the confidentiality undertakings in GC 17).
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Termination 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.
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Termination following Event of Default. Subject to the provisions of this Article V, The Non-Breaching Party may terminate this Agreement upon the occurrence of an Event of Default in accordance with the following:
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Related to Termination following Event of Default

  • 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).

  • Actions following an Event of Default On, or at any time after, the occurrence of an Event of Default:

  • Notification of Event of Default Borrower shall notify Agent immediately of the occurrence of any Event of Default.

  • Additional Event of Default The following will constitute an additional Event of Default with respect to Party B: "NOTE ACCELERATION NOTICE. A Note Acceleration Notice is served on Party B in relation to the Relevant Notes."

  • Waiver of Event of Default The Majority Certificateholders may, on behalf of all Certificateholders, by notice in writing to the Trustee, direct the Trustee to waive any events permitting removal of any Master Servicer under this Agreement, provided, however, that the Majority Certificateholders may not waive an event that results in a failure to make any required distribution on a Certificate without the consent of the Holder of such Certificate. Upon any waiver of an Event of Default, such event shall cease to exist and any Event of Default arising therefrom shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other event or impair any right consequent thereto except to the extent expressly so waived. Notice of any such waiver shall be given by the Trustee to the Rating Agency.

  • Event of Default; Notice (a) The Guarantee Trustee shall, within 90 days after the occurrence of an Event of Default, transmit by mail, first class postage prepaid, to the Holders, notices of all Events of Default known to the Guarantee Trustee, unless such defaults have been cured before the giving of such notice, provided, that, except in the case of a default in the payment of a Guarantee Payment, the Guarantee Trustee shall be protected in withholding such notice if and so long as the Board of Directors, the executive committee or a trust committee of directors and/or Responsible Officers of the Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holders.

  • Termination and Default Either party, upon determination that the other party has failed or refused to perform or is otherwise in breach of any obligation or provision under this Agreement or the Contract Document, may give written notice of default to the defaulting party in the manner specified for the giving of notices herein. Termination of this Agreement by either party for any reason shall have no effect upon the rights or duties accruing to the parties prior to termination.

  • Termination Following a Change of Control If the Employee's employment terminates at any time within eighteen (18) months following a Change of Control, then, subject to Section 5, the Employee shall be entitled to receive the following severance benefits:

  • Termination of Default An Event of Default shall be deemed to have been terminated upon the earliest to occur of:

  • Termination Events This Agreement may, by notice given prior to or at the Closing, be terminated:

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