Termination of the JV Agreement Sample Clauses

Termination of the JV Agreement. If the JV Agreement is terminated in accordance with the terms thereof, this Agreement shall automatically terminate without any further action by the Parties.
Sample 1Sample 2
AutoNDA by SimpleDocs
Termination of the JV Agreement. In the event the JV Agreement is terminated for any reason, this Agreement shall immediately terminate and the sublicenses granted pursuant to Section 2 shall also immediately terminate except as set forth in subsection (d).
Sample 1
Termination of the JV Agreement. The JV Agreement shall continue in full force and effect without limit in time until the earliest of: (i) any JV Shareholder shall elect to terminate the JV Agreement by service of a notice in writing to the other JV Shareholder; (ii) the date on which all the shares of the JV Company are held by only one (1) JV Shareholder or a selling JV Shareholder disposes, transfers or sells all its shares in the JV Company to a third party in compliance with the terms of the JV Agreement and a new shareholders’ agreement is entered into; (iii) the date the JV Company is wound up.
Sample 1
Termination of the JV Agreement. It is one of the conditions precedent to the completion of the JV Formation that the Company has obtained all necessary approvals and consents in relation to the JV Agreement and the transactions contemplated thereunder on or before 30 November 2014. As at the date of this announcement, such condition has not yet been satisfied. Since the parties to the JV Agreement are not optimistic about the prospect of fulfillment of such condition by 30 November 2014, the parties have decided not to proceed with the JV Formation. On 24 November 2014, Meiming, a wholly-owned subsidiary of the Company, and Harbin China Distillery entered into a termination agreement (“Termination Agreement”) to terminate the JV Agreement with immediate effect. Pursuant to the Termination Agreement, neither party shall have any further obligations or liabilities towards the other nor any claims against the other in connection with the JV Agreement. The Board considers that the termination of the JV Agreement has no material adverse impact on the operations of the Group. THE SUPPLEMENTAL SUBSCRIPTION AGREEMENT As disclosed in the First Announcement, completion of the Subscription is conditional upon and subject to the satisfaction of certain conditions precedent. As at the date of this announcement, none of the conditions precedent has been satisfied. On 24 November 2014, the Company and the Subscriber entered into a supplemental agreement pursuant to which the parties mutually agreed to, amongst others, extend the long stop date for the satisfaction of the conditions precedent in respect of the Subscription from 30 November 2014 to 31 January 2015 and amend certain adjustment provisions to the Subscription Price. All other material terms of the Subscription Agreement remain unchanged. The Board considers that the extension of the long stop date does not have any material adverse effect on the operations of the Group.
Sample 1
Termination of the JV Agreement. (a) Bayer and CRISPR hereby agree to terminate the JV Agreement pursuant to Section 16.1(a) of the JV Agreement (the “Termination”) and the Term will terminate automatically upon the occurrence of the Closing (the “JV Agreement Termination Date”). Notwithstanding anything to the contrary in Section 16.2 of the JV Agreement, the terms set forth in this Agreement will control the results of the Termination, and Section 16.2 of the JV Agreement will not apply to the Termination. For the avoidance of doubt, the JV Agreement is not being terminated pursuant to Section 3.2 of the JV Agreement.
Sample 1
Termination of the JV Agreement. If the JV Agreement is terminated in accordance with the terms thereof, this License Agreement shall terminate automatically, effective immediately, without any further action by the Parties; provided, further for the avoidance of doubt, if Hong Kong Holdco exercises a buy or sell option pursuant to the terms of the JV Agreement, this License Agreement shall terminate automatically, effective immediately.
Sample 1
Termination of the JV Agreement c. The FCC approves the transfer of all of the capital stock of Expansion Co. to Manager, or Manager otherwise becomes the holder, or the beneficial owner of all of the capital stock of the holder, of the Licenses.
Sample 1
AutoNDA by SimpleDocs
Termination of the JV Agreement. This Agreement, the Services Agreement and the Transition and Management Agreement replace and supersede the JV Agreement, which as of the Effective Date shall be terminated by a separate instrument.
Sample 1
Termination of the JV Agreement 
Sample 1

Related to Termination of the JV Agreement

  • Termination of the Agreement In the event of failure by the participant to perform any of the obligations arising from the agreement, and regardless of the consequences provided for under the applicable law, the institution is legally entitled to terminate or cancel the agreement without any further legal formality where no action is taken by the participant within one month of receiving notification by registered letter. If the participant terminates the agreement before its agreement ends or if he/she fails to follow the agreement in accordance with the rules, he/she shall have to refund the amount of the grant already paid, except if agreed differently with the sending organisation. In case of termination by the participant due to "force majeure", i.e. an unforeseeable exceptional situation or event beyond the participant's control and not attributable to error or negligence on his/her part, the participant shall be entitled to receive at least the amount of the grant corresponding to the actual duration of the mobility period. Any remaining funds shall have to be refunded, except if agreed differently with the sending organisation.

  • Termination of Management Agreement Evidence of the termination of any and all management agreements affecting the Property, effective as of the Closing Date, and duly executed by Seller and the property manager.

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

  • Termination of Consulting Agreement As of the Effective Date, the Consulting Agreement is hereby terminated and is of no further force or effect.

  • Termination of the Contract 11.1. The Coordinator may terminate the contract if the Co-beneficiary has inadequately discharged or failed to discharge any of the contractual obligations, insofar as this is not due to force majeure, after notification of the Co-beneficiary by registered letter has remained without effect for one month.

  • Termination of the Escrow Agreement This Agreement, except for Sections 7 and 11 hereof, which shall continue in effect, shall terminate upon written notice from the Company to the Escrow Agent. Unless otherwise provided, final termination of this Agreement shall occur on the date that all funds held in the Escrow Account are distributed either (a) to the Company or to subscribers and the Company has informed the Escrow Agent in writing to close the Escrow Account or (b) to a successor escrow agent upon written instructions from the Company.

  • Termination of the Plan The Board may suspend or terminate the Plan at any time. No Incentive Stock Options may be granted after the tenth anniversary of the earlier of: (i) the Adoption Date, or (ii) the date the Plan is approved by the Company’s stockholders. No Awards may be granted under the Plan while the Plan is suspended or after it is terminated.

  • 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.

  • 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.

  • Termination of the Merger Agreement Notwithstanding anything to the contrary contained herein, in the event that the Merger Agreement is terminated in accordance with its terms prior to the Effective Time, this Agreement and all rights and obligations of the Parties hereunder shall automatically terminate and be of no further force or effect.

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