Termination with Immediate Effect Sample Clauses

Termination with Immediate Effect. 7H If on or after June 2015 or at any time after signing this Agreement and before the Academy opens, the total number of prospective pupils having accepted offers of places to attend at the Academy in September 2015 is fewer than 25, the Secretary of State may by written notice to the Company:

Termination with Immediate Effect. Without affecting any other right or remedy available to it, either Party may terminate the Agreement with immediate effect by giving written notice to the Other Party if such Other Party: a. fails to pay any amount due under this Agreement on the due date for payment and remains in default not less than 30 (thirty) business days after being notified in writing to make such payment. This notification would constitute the 3rd (third) payment reminder; b. commits a material breach of any other term of the Agreement which breach is irremediable or (if such breach is remediable) fails to remedy that breach within a period of 15 (fifteen) business days after being notified in writing to do so; c. repeatedly breaches any of the terms of the Agreement in such a manner as to reasonably justify the opinion that its conduct is clearly inconsistent with it having the intention or ability to give effect to the terms of the Agreement; d. acts in bad faith of payment of its debts, or an application is made to court, or an order is made, for the appointment of an administrator or trustee in bankruptcy, over such Party; e. files a petition, gives notice, or a resolution is passed for or in connection with the winding up of such Party; or f. suspends or ceases, or threatens to suspend or cease, carrying on all or a substantial part of its business.

Termination with Immediate Effect. Either Party may at any time terminate this Agreement as of right prior to the end of its term, effective upon Notice to the other Party, if any of the following events occur:

Termination with Immediate Effect. 14.4.1 Your employment may be terminated by Your Employer at any time with immediate effect if you: (a) in the opinion of Your Employer: (i) are negligent in carrying out your duties; (ii) fail or refuse to obey any reasonable and lawful instruction regarding the performance of your duties; (iii) commit an act of serious misconduct; (iv) seriously or persistently breach a term of this Agreement; (v) fail to comply with any obligation imposed on you by any applicable laws; (b) are declared bankrupt or fail to immediately notify Your Employer if you are declared bankrupt; (c) fail to immediately notify Your Employer if you are charged with or found guilty of any criminal offence which, in the opinion of Your Employer may bring Your Employer into disrepute or may affect your ability to carry out your employment duties properly; (d) are precluded from taking part in the management of Your Employer for any reason; or (e) are precluded from working in Australia for any reason. 14.4.2 If your employment is terminated with immediate effect, then Your Employer must pay you your Total Fixed Remuneration up to the date of termination only.

Termination with Immediate Effect. If the Company has not obtained full planning permission (including where relevant listed building consent), in respect of the site on which it is proposed that the Academy will be situated, by date 31/07/2013, the Secretary of State may terminate this Agreement by notice in writing to the Company such termination to take effect on the date of the notice.

Termination with Immediate Effect. If the Secretary of State has cause to serve a notice on the Academy Trust under section 165 of the Education Act 2002 and a determination (from which all rights of appeal have been exhausted) has been made that the Academy shall be struck off the Register of Independent Schools, he may terminate this Agreement by notice in writing to the Academy Trust such termination to take effect on the date of the notice. The Secretary of State may at any time by notice in writing terminate this Agreement, such termination to take effect on the date of the notice, on the occurrence, or where in his reasonable opinion there is a serious risk of occurrence, of any of the following events:- the Academy Trust calls a meeting of its creditors (whether formal or informal) or enters into any composition or arrangement (whether formal or informal) with its creditors; or the Academy Trust proposes a voluntary arrangement within Section 1 of the Insolvency Act 1986; or the Academy Trust is unable to pay its debts within the meaning of Section 123 of the Insolvency Act 1986 provided that, for the purposes of this clause, Section 123 (1)(a) of the Insolvency Act 1986 shall have effect as if the amount of £10,000 was substituted for £750. The Academy Trust shall not be deemed unable to pay its debts for the purposes of this clause if any such demand as is mentioned in the said Section is being contested in good faith by the Academy Trust; or the Academy Trust has a receiver and manager (with the exception of Receivers and Managers or Interim Managers appointed by the Charity Commission under the Charities Act 2011 or any subsequent re-enactment of that Act), administrator or administrative receiver appointed over all or any part of its undertakings, assets or income; or any distraint, execution or other process is levied or enforced on any of the Academy Trust’s property and is not paid out, withdrawn or discharged within fifteen Business Days; or the Academy Trust has passed a resolution for its winding up; or an order is made for the winding up or administration of the Academy Trust. The Academy Trust shall notify the Secretary of State as soon as possible after receiving any petition which may result in an order for the winding up or administration of the Academy Trust and shall provide an explanation to the Secretary of State of the circumstances giving rise to the service of such a petition.

Termination with Immediate Effect. SIPA or PROVIDER shall have the right to terminate this Contract, in whole or in part, at any time and with immediate effect, in any of the following events: If either party becomes insolvent or is declared bankrupt; or any involuntary proceeding in bankruptcy is filed against it and not dismissed within ninety (90) days, or either party files for reorganization under the bankruptcy code. If either party resorts to fraudulent practices in connection with the Contract, including, but not limited to: Deceit concerning the nature, quality, or quantity of Electronic Information, Products, and Services required to be rendered under this Contract; or The giving or offering of gifts or remuneration for the purposes of bribery to any person on either party’s Board of Directors, in the employ of either party or any EGE, or acting on behalf of any of them, irrespective of whether such bribes or remuneration are made on the initiative of either party. In the event of such termination, either party’s remedies shall be the same as in the case of discharge for breach of Contract by either party.

Termination with Immediate Effect. Either party may terminate this Agreement effective upon written notice if either of the following events occurs. (a) The other party commits a breach of this Agreement and the breach is not remedied within 30 days after the receipt of notice identifying the breach and requiring its remedy; or (b) The other party (I) becomes unable to pay its debts as they become due, (II) suspends payment of its debts, (III) enters into or becomes subject to corporate rehabilitation or bankruptcy proceedings or liquidation or dissolution, (IV) makes an assignment for the benefit of its creditors or (V) seeks relief under any similar laws for debtor’s relief. (c) If the License Agreement terminates for whatsoever reason.

Termination with Immediate Effect. Both Parties may terminate the employment relationship with immediate effect at any time for good cause (including due to sexual misconduct) pursuant to art. 337 CO.