When Parties Terminate Clause Examples

The "When Parties Terminate" clause defines the circumstances and procedures under which either party may end the agreement. It typically outlines the required notice period, acceptable reasons for termination, and any obligations that must be fulfilled before or after termination, such as final payments or return of confidential information. This clause ensures both parties understand their rights and responsibilities if the contract is ended early, thereby reducing uncertainty and potential disputes.
When Parties Terminate. 12.2.1 In the event of the termination of this Agreement: (a) the Recipient shall provide DIAND with Financial Reports within one hundred and twenty (120) days of the date of termination; (b) without limiting any other obligation under this Agreement to reimburse amounts to Canada, the Recipient shall reimburse to Canada any unexpended funding transferred to the Recipient, up to the termination date of this Agreement, unless the Recipient and Canada agree otherwise in writing; (c) subject to Canada's right to set off any amount owing to Canada under this Agreement, Canada shall pay to the Recipient any monies owed to the Recipient, up to the termination date of this Agreement, unless the Recipient and Canada agree otherwise in writing; and (d) the Recipient shall fulfill any other obligation relating to termination set out in any Schedule.
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When Parties Terminate. 10.2.1 In the event of the termination of this Agreement: (a) subject to Canada’s right to any amount owing to Canada under this Agreement, Canada shall pay to the Province any monies owed to EMBC, up to the termination date of this Agreement, unless the Province and Canada agree otherwise in writing; and (b) the Province shall fulfill any other obligation relating to termination set out in any Schedule.
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When Parties Terminate. 12.2.1 In the event of the termination of this Agreement:
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When Parties Terminate. 13.2.1 In the event of the termination of this Agreement: (a) the Council shall provide DIAND with Consolidated Audited Financial Statements within one hundred and twenty (120) days of the date of termination; (b) without limiting any other obligation under this Agreement to reimburse amounts to Canada, the Council shall reimburse to Canada any unexpended funding transferred to the Council up to the termination date of this Agreement, unless the Council and Canada agree otherwise in writing; (c) subject to Canada's right to set-off any amount owing to Canada under this Agreement, Canada shall pay to the Council any monies owed to the Council up to the termination date of this Agreement, unless the Council and Canada agree otherwise in writing; and (d) the Council shall fulfill any other obligation relating to termination set out in any Schedule.
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Related to When Parties Terminate

  • Right to Terminate Following Termination Event Sections 6(b)(ii)-(iv) are deleted in their entirety and replaced by the following:

  • Termination; Survival Following Termination (i) Either party may terminate this Agreement prior to the end of the Agency Period, by giving written notice as required by this Agreement, upon ten (10) Trading Days’ notice to the other party; provided that, (A) if the Company terminates this Agreement after the Agent confirms to the Company any sale of Shares, the Company shall remain obligated to comply with Section 3(b)(v) with respect to such Shares and (B) Section 2, Section 6, Section 7 and Section 8 shall survive termination of this Agreement. If termination shall occur prior to the Settlement Date for any sale of Shares, such sale shall nevertheless settle in accordance with the terms of this Agreement. (ii) In addition to the survival provision of Section 7(b)(i), the respective indemnities, agreements, representations, warranties and other statements of the Company, of its officers and of the Agent set forth in or made pursuant to this Agreement will remain in full force and effect, regardless of any investigation made by or on behalf of the Agent or the Company or any of its or their partners, officers or directors or any controlling person, as the case may be, and, anything herein to the contrary notwithstanding, will survive delivery of and payment for the Shares sold hereunder and any termination of this Agreement.

  • Obligations Following Termination If a Non-Defaulting Party terminates this Agreement pursuant to this Section 13(b), then following such termination, Seller shall, at the sole cost and expense of the Defaulting Party, remove the equipment (except for mounting pads and support structures) constituting the System. The Non-Defaulting Party shall take all commercially reasonable efforts to mitigate its damages as the result of a Default Event.

  • Right to Terminate Following Event of Default If at any time an Event of Default with respect to a party (the “Defaulting Party”) has occurred and is then continuing, the other party (the “Non-defaulting Party”) may, by not more than 20 days notice to the Defaulting Party specifying the relevant Event of Default, designate a day not earlier than the day such notice is effective as an Early Termination Date in respect of all outstanding Transactions. If, however, “Automatic Early Termination” is specified in the Schedule as applying to a party, then an Early Termination Date in respect of all outstanding Transactions will occur immediately upon the occurrence with respect to such party of an Event of Default specified in Section 5(a)(vii)(1), (3), (5), (6) or, to the extent analogous thereto, (8), and as of the time immediately preceding the institution of the relevant proceeding or the presentation of the relevant petition upon the occurrence with respect to such party of an Event of Default specified in Section 5(a)(vii)(4) or, to the extent analogous thereto, (8).