Termination Limitation Clause Samples
A Termination Limitation clause restricts the circumstances or methods by which a contract can be ended by either party. Typically, it sets out specific conditions under which termination is permitted, such as material breach, insolvency, or mutual agreement, and may exclude termination for convenience. By clearly defining when and how termination can occur, this clause provides stability and predictability to the contractual relationship, preventing arbitrary or premature termination and protecting the interests of both parties.
Termination Limitation. (a) The Guarantee shall remain in full force and effect until the earlier to occur of (i) the payment in full of all the Guarantor Obligations or (ii) the Guarantor being released from the Guarantee in compliance with Section 5(b) hereof.
(b) Unless earlier terminated and released pursuant to Section 5(a)(i) hereof, the Guarantee shall automatically, irrevocably and unconditionally terminate and be discharged and of no further force or effect, and the Guarantor shall automatically, irrevocably and unconditionally be released from all of its obligations under this Supplemental Indenture, without any action from the Trustees, any Debt Securities Holder or any other Person (as defined in the Indenture), upon (i) the consummation of a legal defeasance or covenant defeasance relating to the Debt Securities pursuant to Article Fifteen of the Indenture or the satisfaction and discharge pursuant to Article Four of the Indenture or (ii) otherwise in accordance with the provisions of the Indenture. The Trustees and each Debt Securities Holder shall be deemed to consent to such termination and release, without any action on the part of the Trustees, any Debt Securities Holder or any other Person (as defined in the Indenture).
(c) Any term or provision of this Supplemental Indenture to the contrary notwithstanding, the obligations of the Guarantor hereunder will be limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of the Guarantor, not render the Guarantor’s obligations under this Supplemental Indenture subject to avoidance under applicable law as a fraudulent conveyance, fraudulent transfer or unjust preference, including provisions of the United States Bankruptcy Code or any comparable provision of foreign or state law or provincial law to comply with corporate benefit, financial assistance and other laws.
Termination Limitation. If an employee has tendered directly to the Union her/his membership dues or the service charge, or has a written authorization in effect requiring the deduction of dues or service charge, the employee shall not, under any circumstances, risk the loss of job because of a lack of good standing in the Union. The Union cannot cause the discharge of an employee who has resigned from or has been expelled by the Union for any reason other than her/his failure to tender the dues or service charge to the Union, either directly or after revocation of her/his authorization.
Termination Limitation. Upon termination of this Agreement, CPP shall not be entitled to any termination compensation, consequential damages, indemnity or other payment for goodwill, lost profits, costs of re-establishment or re-placement of the business or any other expenses, or rights relating to the business established by CPP or to termination of this Agreement. CPP recognizes that prices charged by sanofi-aventis to CPP allow CPP to obtain a reasonable return for its entire services and profit on resale, including costs of establishing and maintaining its organization. CPP expressly and completely waives its rights to such indemnity benefits.
Termination Limitation. If an employee has a written authorization in effect requiring the deduction of dues or service fees, the employee shall not, under any circumstances, risk the loss of job because of a lack of good standing in the Association. The Association cannot cause the discharge of an employee who has been expelled by the Association for any reason other than his/her failure to render the dues or service fees to the Association.
Termination Limitation. The term "Termination Limitation" is hereby deleted from the Original Agreement. The parties acknowledge that, notwithstanding the provisions of Sections 8.1, 8.2 or 8.3 of the Original Agreement, in the event Purchaser elects to terminate the Original Agreement as amended by this Second Amendment with respect to any Property, it must terminate the Original Agreement as amended by this Second Amendment with respect to all Properties, whereupon the Deposit shall be refunded to Purchaser, whereupon neither Sellers nor Purchaser shall have any further rights against the other thereunder.
Termination Limitation. City and City Manager agree that the scope of City’s limitation upon its right to terminate the employment of City Manager shall be modified from that provided in City's Municipal Code Title 2, Chapter 2.08 to require the following: “Council may not terminate the employment of City Manager for a period of ninety (90) consecutive days prior to or following any election to fill any seat(s) on the City Council.”