Termination of Agreement Prior to Expiration of Term Sample Clauses

Termination of Agreement Prior to Expiration of Term. 7.01. This Agreement shall be terminable by either parry upon thirty (30) days' prior written notice (hereinafter "Termination Without Cause"). If Mpower terminates this Agreement pursuant to this section , Mpower shall pay Agent earned commissions for the lesser of (a) the remaining term of the Agent's customer contracts in existence on the date Mpower gives notice of termination; or (b) two (2) years. Agent's commissions shall be calculated each month pursuant to the commission table in section A.02 of Exhibit A based upon Agent's monthly revenue level for the then-current revenue month. If Agent terminates this Agreement for any reason, Agent shall forfeit any unpaid commissions after the date of termination. 7.02. Mpower may terminate this Agreement and Agent will forfeit any unpaid commissions upon the occurrence of any of the following (hereinafter "Termination for Cause"): a. For breach by Agent of any provision of this Agreement (including suspension of business, any act amounting to business failure, institution of receivership or liquidation proceedings, substantial change in ownership) provided that written notice of breach has been given to Agent and such breach has not been cured within thirty (30) days after delivery of such notice; b. Immediately upon notice and without cure period by Mpower in the event Mpower discovers any improper marketing activity by Agent, including, but not limited to, disparaging or slandering the Services of Mpower, moving or attempting to move Mpower customers to providers of services similar to the Services covered hereunder, or slamming; c. Immediately upon notice and without cure period for unethical conduct by Agent including, but not limited to, offering or providing to any employee any financial or other incentive for the purpose of obtaining customer leads or other information which is deemed to be beneficial to the Agent; d. Immediately upon notice and without cure period if use of the Mpower Services by Agent is for any purpose which is illegal or if Agent uses the Mpower Services to send any message which is illegal, threatening or harassing, including but not limited to, the transmission of unsolicited messages, or messages which infringe any third party's proprietary right; e. Immediately upon notice and without cure period in the event in Mpower's sole discretion, Agent commits repeated breaches of this Agreement or otherwise demonstrates a pattern of deviating from professional standards with regard t...
Sample 1
AutoNDA by SimpleDocs
Termination of Agreement Prior to Expiration of Term. This Agreement may also be terminated, in whole or in part, prior to the expiration of a term by:
Sample 1

Related to Termination of Agreement Prior to Expiration of Term

  • Expiration of Term During the Initial Term or Renewal Term, whichever currently is in effect, should either party exercise its right to terminate, all out-of-pocket expenses or costs associated with the movement of records and material will be borne by the Fund. Additionally, the Transfer Agent reserves the right to charge for any other reasonable expenses associated with such termination.

  • Term; Termination of Agreement This Agreement shall continue in force for a period of one year from the date hereof, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. It is the duty of the Independent Directors to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

  • Expiration of Agreement Notwithstanding the expiration of this Agreement, any claim or grievance arising hereunder may be processed through the grievance procedure until resolution.

  • Effect of Termination of Agreement Upon the Termination Date or the Expiration Date, as applicable, any amounts then owing by a Party to the other Party shall become immediately due and payable and the then future obligations of Customer and Provider under this Agreement shall be terminated (other than the indemnity obligations set forth in Section 13). Such termination shall not relieve either Party from obligations accrued prior to the effective date of termination or expiration.

  • Termination of Agreement If this Agreement is terminated by the Representatives in accordance with the provisions of Section 5 or Section 9(a)(i) hereof, the Company shall reimburse the Underwriters for all of their out-of-pocket expenses, including the reasonable fees and disbursements of counsel for the Underwriters.

  • Continued Employment Following Expiration of Term Nothing in this Agreement shall mandate or prohibit a continuation of Executive’s employment following the expiration of the term of this Agreement, upon such terms and conditions as the Bank and Executive may mutually agree.

  • Extension of Termination Date (a) No later than one year prior to the Termination Date then in effect, provided that no Event of Default shall have occurred and be continuing, the Borrowers may request an extension of such Termination Date by submitting to the Administrative Agent an Extension Request containing the information in respect of such extension specified in Exhibit I, which the Administrative Agent shall promptly furnish to each Bank. If, within 30 days of their receipt of an Extension Request, the Majority Banks shall approve in writing the extension of the Termination Date requested in such Extension Request, the Termination Date shall automatically and without any further action by any Person be extended for the period specified in such Extension Request; provided that (i) each extension pursuant to this subsection 2.16 shall be for a maximum of one year and (ii) the Commitment of any Bank which does not consent in writing to such extension within 30 days of its receipt of such Extension Request (an “Objecting Bank”) shall, unless earlier terminated in accordance with this Agreement, expire on the Termination Date in effect on the date of such Extension Request (such Termination Date, if any, referred to as the “Commitment Expiration Date” with respect to such Objecting Bank). If, within 30 days of their receipt of an Extension Request, the Majority Banks shall not approve in writing the extension of the Termination Date requested in an Extension Request, the Termination Date shall not be extended pursuant to such Extension Request. The Administrative Agent shall promptly notify (y) the Banks and the Borrowers of any extension of the Termination Date pursuant to this subsection 2.16 and (z) the Borrowers and any other Bank of any Bank which becomes an Objecting Bank. No Bank has an obligation to extend its Commitment pursuant to this Section 2.16 except in its sole discretion.

  • Termination of the Lease In terminating the Lease, the following procedures shall be followed by the Authority and Tenant:

  • Term of Agreement; Termination The term of this Agreement shall commence on the date hereof and such term and this Agreement shall terminate upon the earlier to occur of (i) the Effective Time, and (ii) the date on which the Merger Agreement is terminated in accordance with its terms. Upon such termination, no party shall have any further obligations or liabilities hereunder; PROVIDED, HOWEVER, such termination shall not relieve any party from liability for any breach of this Agreement prior to such termination.

Time is Money Join Law Insider Premium to draft better contracts faster.