Termination for Illegality Sample Clauses

Termination for Illegality. If, as a result of change in Requirements of Law, it shall have become illegal for the Facility Lessee to continue this Facility Lease or for the Facility Lessee to make payments under this Facility Lease or any other Operative Document, and the transactions contemplated by the Operative Documents cannot be restructured to comply with such change in law in a manner reasonably acceptable to the Lease Financing Parties, the Facility Lessee shall have the right, at its option, by giving notice to the Owner Lessor no later than twelve months after the date the Facility Lessee receives notice or first has actual knowledge of such illegality, to terminate this Facility Lease on the Termination Date specified in such notice (which shall be a date occurring not more than 60 days after the date of such notice) and purchase the Undivided Interest by paying to the Owner Lessor the Termination Value determined as of such Termination Date and causing EME to pay to the Persons entitled thereto all other amounts required to be paid under Section 13.3; PROVIDED, that all amounts owed by EME to the Lease Financing Parties under the Operative Documents at such time, shall have been paid to such Persons. It shall be a condition to the termination of this Facility Lease pursuant to this Section 13.1 that each Other Facility Lessee which is an Affiliate of the Facility Lessee, or is the Facility Lessee itself, shall also exercise its right to terminate any and all Other Facility Leases to which each such Facility Lessee is a party to the extent that the "Owner Lessor" with respect to such Other Facility Lease is the Owner Lessor itself or an Affiliate thereof and to the extent the Facility Lessee is then entitled to exercise such termination right under such Other Facility Leases.
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Termination for Illegality. 28 Section 13.2. Termination for Burdensome Indemnity..........................................29 Section 13.3. Procedure for Exercise of Termination Option..................................30 Section 13.4. Assumption of the Lessor Notes................................................31 Section 13.5.
Termination for Illegality. DISTRICT may terminate performance of the AGREEMENT in whole or in part for illegality immediately upon its determination that an activity or operation supported by the AGREEMENT is no longer lawful for reasons including but not limited to court decision, legislative action, administrative decision, or advice of counsel. Upon receipt of NOTICE of termination or reduction based on a finding of illegality, CONSULTANT shall immediately cease performance of such activity and mitigate damages. CONSULTANT shall be entitled to be paid for WORK satisfactorily performed to the termination date and for reasonable costs associated with the termination, but may recover no other cost, loss, damage, or expense.
Termination for Illegality. If, in the opinion of Ford's legal counsel, this Agreement or any substantial part is rendered illegal by enactment of a statute or a final decision by a court of competent jurisdiction or would require Ford to make similar payments to or for the benefit of Ford franchised dealers or others, either party may terminate this Agreement, effective immediately, by giving notice to the other party, whereupon neither party shall have further obligation to the other except as to such obligations that are due and payable as of the date of termination.
Termination for Illegality. If any change in applicable law, regulation, treaty or official directive or in the interpretation or administration thereof by any governmental authority charged with the administration thereof makes it unlawful for ABN to perform its obligations under this Agreement, ABN may by 30 days' notice in writing to each other party hereunder terminate the Facilities.
Termination for Illegality. COA may terminate performance of the AGREEMENT in whole or in part for illegality immediately upon its determination that an activity or operation supported by the AGREEMENT is no longer lawful for reasons including but not limited to court decision, legislative action, administrative decision, or advice of counsel. Upon receipt of NOTICE of termination or reduction based on a finding of illegality, LAS POSITAS COLLEGE shall immediately cease performance of such activity and mitigate damages. LAS POSITAS COLLEGE shall be entitled to be paid for WORK satisfactorily performed to the termination date and for reasonable costs associated with the termination, but may recover no other cost, loss, damage, or expense.
Termination for Illegality. This Agreement may be terminated by either Party if it is deemed to be illegal after the Parties have complied with Section 9.6 hereof, relating to changes in and compliance with the law.
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Termination for Illegality. 13.6 Termination by Notice—ABN
Termination for Illegality. So long as no Lease Bankruptcy Default or Lease Event of Default shall have occurred and be then continuing, if it shall have become illegal for the Lessee to continue this Lease (or for any Other Lessee or Related Lessee, under any Other Lease or Related Lease in which the Owner Participant
Termination for Illegality. 24 SECTION 13.2.
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