UNILATERAL TERMINATION OF THE CONTRACT. In accordance with the provisions of Article 94 of the Organic Law of National Procurement System and following the procedure indicated in Article 95 therein, THE CONTRACTING PARTY may decide to terminate this Contract, in advance and unilaterally, in the following cases:
UNILATERAL TERMINATION OF THE CONTRACT. This Contract is entered into for a specific term pursuant to those provisions set forth in Clause Three. However, in addition to termination due to expiry of its duration, the portion of the Contract related to the Services for System Monitoring and Software and Equipment Maintenance may be terminated unilaterally in advance, with enforceability of the Penalty Clause and the other compensations that may apply, for the following reasons:
UNILATERAL TERMINATION OF THE CONTRACT. In accordance with the provisions of [ ] and following the procedure indicated in [ ] therein, THE CONTRACTING PARTY may decide to terminate this Contract, early and unilaterally, in the following cases:
UNILATERAL TERMINATION OF THE CONTRACT. 7.1. If the BROKER fails to pay the insurance premium amounts of the respective insurance period received from the BANK to insurers by the deadline specified in the insurance contract or its extension and, consequently, the insurance contract is invalid or the insurance contract is invalid at 00.00 on 1 October 2017 according to the local time (in the case of an extension of the insurance contract – at 00.00 on the first day of each respective insurance period according to the local time) due to some other action or inaction of the BROKER, the BANK shall send a notification to the BROKER to this effect. If the BROKER fails to pay the insurance premium amounts of the respective insurance period received from the BANK to insurers within 5 (five) business days following the receipt of the BANK'S notification and, consequently, the insurance contract or its extension is invalid or the insurance contract is invalid at 00.00 on 1 October 2017 according to the local time (in the case of an extension of the insurance contract – at 00.00 on the first day of each respective insurance period according to the local time) due to some other action or inaction of the BROKER, the BANK shall have the right to unilaterally terminate the CONTRACT by giving a notice to the BROKER to this effect. If the BANK unilaterally terminates the CONTRACT pursuant to this Paragraph of the CONTRACT, the BROKER, within 5 (five) business days following the receipt of the BANK'S notice, shall repay the BANK all insurance premiums of the respective insurance period and the BROKERAGE services fee and shall pay a penalty equalling a double fee for the BROKERAGE services for the respective insurance period as well as cover all direct losses incurred by the BANK as a result of the invalidity of the insurance contract until the day when the BANK has received the paid insurance premiums of the respective insurance period, the BROKERAGE services fee and the penalty from the BROKER.
UNILATERAL TERMINATION OF THE CONTRACT. In the event that, for any reason not attributable to THE OWNER, THE BUYER unilaterally decides to rescind this promise contract, the UNIT object of this purchase option will remain in the hands of THE OWNER, who may freely dispose of it at her best convenience. THE BUYER hereby authorizes THE OWNER to retain in her favor, by way of compensation, the entire sum advanced as a reserve of the property, as well as the amount that they have previously paid for real estate commissions, plus fifty (50%) of the amounts paid in accordance with the second article of this promise contract as fair compensation for the benefit of THE OWNER..
