The Bank’s Right of termination Sample Clauses

The Bank’s Right of termination. (1) The Bank shall have the right any time to recall the loan for important reasons and to demand immediate repayment of the loan valuta, including accrued interest, particularly if
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The Bank’s Right of termination. 6.2.1 The Bank is entitled to terminate the Facility Agreement with immediate effect or refuse to perform a service not yet rendered to the Customer if, as a result of any change in the legal, financial and pecuniary situation of the Customer, any breach of the Customer or any material external circumstance within the Customer's control, the Bank finds that the recovery of its claim is in jeopardy.. External circumstances within the Customer's control shall include any change in the legal, financial and market situations and financial management of the commercial partners or owners of the Customer or the persons undertaking liability for the performance of the Customer's obligations which may jeopardize the performance of the obligations of the Customer towards the Bank. The Bank may exercise its rights under this paragraph if the changes listed in the previous paragraph are reasonably expected to occur. The Bank may terminate the Facility Agreement with immediate effect or refuse to perform a service not yet rendered to the Customer if, with respect to the Customer the Bank receives any official inquiry that refers to or suggests the commencement or the existence of any proceedings which may, once commenced or closed, have an effect on the legal, financial or pecuniary situation of the Customer that, in the opinion of the Bank, jeopardises the recovery of its claim.
Sample 1

Related to The Bank’s Right of termination

  • Right of Termination This Agreement may be terminated at any time at or prior to the Closing:

  • Executive’s Right to Terminate Notwithstanding the provisions of paragraph 2.1, Executive shall have the right to terminate his employment under this Agreement for any of the following reasons:

  • Waiver of Termination Rights The Employee waives any and all rights to compensation or damages as a result of a Termination, insofar as those rights result or may result from: (a) the loss or diminution in value of such rights or entitlements under the Program; or (b) the Employee ceasing to have rights, or ceasing to be entitled to any Awards under the Program as a result of such Termination.

  • Rights of Termination 10.1 The Company may in its sole discretion terminate this agreement by written notice to the Customer if:

  • In the Event of Termination After receipt of a notice of termination, except as otherwise directed, the AGENCY shall:

  • Notice of Termination; Effect of Termination Any termination of this Agreement under Section 7.1 above will be effective immediately upon the delivery of written notice of the terminating party to the other parties hereto. In the event of the termination of this Agreement as provided in Section 7.1, this Agreement shall be of no further force or effect, except (i) as set forth in this Section 7.2, Section 7.3 and Article 8 (miscellaneous), each of which shall survive the termination of this Agreement, and (ii) nothing herein shall relieve any party from liability for any willful breach of this Agreement. No termination of this Agreement shall affect the obligations of the parties contained in the Confidentiality Agreement, all of which obligations shall survive termination of this Agreement in accordance with their terms.

  • Duties in the Event of Termination In the event that, in connection with termination, a successor to any of USBFS’s duties or responsibilities hereunder is designated by the Trust by written notice to USBFS, USBFS will promptly, upon such termination and at the expense of the Trust, transfer to such successor all relevant books, records, correspondence, and other data established or maintained by USBFS under this Agreement in a form reasonably acceptable to the Trust (if such form differs from the form in which USBFS has maintained the same, the Trust shall pay any expenses associated with transferring the data to such form), and will cooperate in the transfer of such duties and responsibilities, including provision for assistance from USBFS’s personnel in the establishment of books, records, and other data by such successor. If no such successor is designated, then such books, records and other data shall be returned to the Trust.

  • Effect of Termination Upon any expiration of the Term or termination of this Agreement, the obligations and rights of the parties hereto shall cease, provided that such expiration or termination of this Agreement shall not relieve the parties of any obligation or breach of this Agreement accruing prior to such expiration or termination, including, without limitation, all accrued payment obligations arising under Article 6. In addition, Article 5, Article 7, Section 2.12, Section 4.5, and this Section 4.6 shall survive the expiration or termination of this Agreement. For the avoidance of doubt, the rights of Registry Operator to operate the registry for the TLD shall immediately cease upon any expiration of the Term or termination of this Agreement.

  • Compensation in the Event of Termination In the event that the Executive’s employment hereunder terminates prior to the expiration of this Agreement for any reason provided in Section 5 hereof, the Company shall pay the Executive, compensation and provide the Executive and the Executive’s eligible dependents with benefits as follows:

  • Termination Effect of Termination 29 7.1 Termination................................................................. 29 7.2

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