Early Termination Right definition

Early Termination Right but it shall pay the Executive’s Base Salary and benefits through the earlier of: the end of the Transition Period, or the date that the Executive accepts full-time employment or a full-time consulting engagement from a third party.
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Early Termination Right shall have the meaning assigned to such term in Section 11.4.
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Early Termination Right means the right of the Operating Partnership to terminate the Investment Period prior to its expiration, if as of the first anniversary of the date hereof, the aggregate amount of all Contributions plus the amount of Committed Contributions (as defined therein) shall equal less than $26,666,667, which right is set forth in the second to last sentence of Section 10.2 of the Joint Venture Agreement.
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Examples of Early Termination Right in a sentence

  • Any payment to be made in respect of the ETNs, including any payment at maturity, upon Redemption or upon the exercise by the SPC of its Early Termination Right (as the case may be), depends on ability of the SPC to satisfy its obligations as they become due.

  • As a result, any adverse changes in the market’s view of creditworthiness of the SPC will affect the market value, if any, of the ETNs prior to maturity, upon Redemption or upon the exercise by the SPC of its Early Termination Right (as the case may be).

  • Should Jervois elect to exercise its Early Termination Right, Deposit Payment will be forfeited and no further tranches will be payable.

  • The amount of accrued Expenses will reduce the amount, if any, you will receive at maturity, upon Redemption or upon exercise by the SPC of its Early Termination Right (as the case may be), which could result in a loss to you on your investment, even if the price of Shares at the date of your sale is greater than the price of Shares at the date of your purchase.

  • Notwithstanding anything to the contrary contained in the Lease, as hereby amended, Landlord hereby acknowledges and agrees that Section 7 of the Second Amendment (Landlord Early Termination Right; Expansion Space) is hereby deleted in its entirety and of no further force or effect.

  • For this study a large portion of areas will be in rural environments and it is therefore recommended to use detailed service areas.

  • Should Jervois elect to exercise its Early Termination Right, the Deposit Payment will be forfeited, and no further tranches will be payable.

  • If RCA does not exercise its Early Termination Right, AD shall have the right, at any time after the date 6 months prior to the end of the 6th year of the Term, to offer ("Buy-Out Offer") to sell AD's interest in the New Entity to RCA as of the last day of the Term for a purchase price equal to the Buy-Out Offer price.

  • Subject to the Early Termination Right adjustment outlined below, the Executive shall be granted certain equity interests of Sun Country Airlines Holdings, Inc., (the “Equity”), subject to the terms and conditions set forth in the Plan and any award agreement(s) thereunder.

  • The Early Termination Right of the Tenant set forth herein is personal to the named Tenant herein, its Permitted Transferees and the assignee in connection with a full assignment of the Lease by Tenant and is not otherwise transferable to any other permitted assignee or subtenant.


More Definitions of Early Termination Right

Early Termination Right have the respective meanings set forth in Section 27.1.
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Early Termination Right shall have the meaning assigned to such term in Section 11.4. ________________________________________________________________________________________________________________________
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Early Termination Right means the option of the Bank to terminate the Loss Guarantee (subject, where applicable, to the continuation of certain rights and obligations thereunder) with at least 5 Business Days prior notice to the Issuer on any Payment Date following the Collection Period during which
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Early Termination Right. As defined in Section 2.1(a) hereof. Effective Date: January 1, 2008.
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Early Termination Right shall have the meaning set forth in SECTION 5.3. 1.27 "EFFECTIVE DATE" shall mean June 21, 2000. 1.28 "ENVIRONMENTAL LAW" shall have the meaning set forth in SECTION 13.1. 1.29 "EQUIPMENT LEASE" shall mean any lease or rental agreement for Operating Equipment or Furniture, Fixtures and Equipment used in the Hotel Lot and/or in connection with the Hotel Operations hereunder, or any modifications or renewals thereof, presently existing or made subsequent to the Effective Date of this Agreement. 1.30 "EXCESS FF&E" shall have the meaning set forth in SECTION 11.2. 1.31 "EXCESS OWNER RETURN" shall have the meaning set forth in SECTION 6.1. 1.32 "EXPENSES" shall mean any and all expenses paid or incurred by Operator in connection with the operation of the Hotel which may be included in determining Net Income, as determined in accordance with the Uniform System of Accounts on the accrual basis in accordance with generally accepted accounting principles consistently applied, except that Expenses shall not include: income taxes, depreciation and amortization, or interest expenses. Without limiting the generality of the foregoing, Expenses shall include the following: (a) the Base Management Fee, (b) the Marketing and Licensing Fee, (c) out-of-pocket expenses incurred specifically for, on account of or in connection with the operation of the Hotel, including reasonable travel expenses of employees and executives of any of the Sonesta Group, consistent
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Early Termination Right. Tenant shall have the right, subject to the provisions of this Section 39, to terminate this Lease (“Termination Right”) with respect to the entire Premises only as of July 31, 2021 (“Early Termination Date”), so long as Tenant delivers to Landlord a written notice (“Termination Notice”), of its election to exercise its Termination Right no less than 12 months in advance of the Early Termination Date. If Tenant timely and properly exercises the Termination Right, Tenant shall vacate the Premises and deliver possession thereof to Landlord in the condition required by the terms of this Lease on or before the Early Termination Date and Tenant shall have no further obligations under this Lease except for those accruing prior to the Early Termination Date and those which, pursuant to the terms of this Lease, survive the expiration or early termination of this Lease. If Tenant does not deliver to Landlord the Termination Notice within the time period provided in this paragraph, Tenant shall be deemed to have waived its Termination Right and the provisions of this Section 39 shall have no further force or effect.”
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Related to Early Termination Right

  • Early Termination means the Termination of Employment before Normal Retirement Age for reasons other than death, Disability, Termination for Cause or following a Change of Control.

  • Early Termination Notice is defined in Section 4.2 of this Agreement.

  • Termination Right have the respective meanings given in the PRA Contractual Stay Rules.

  • Early Termination Date means the date determined in accordance with Section 6(a) or 6(b)(iv).

  • Early Termination Payment is defined in Section 4.3(b) of this Agreement.

  • Early Termination Event has the meaning specified in Section 9.2.

  • Early Termination Notice Date Any date as of which the aggregate Stated Principal Balance of the Mortgage Loans (including REO Mortgage Loans) is less than 1.0% of the sum of the aggregate Cut-Off Date Balance of the Mortgage Pool initially included in the Trust Fund.

  • Early Termination Fee has the meaning set forth in Section 2.09(b).

  • Automatic Early Termination provision of Section 6(a) will not apply to Party A and will not apply to Party B.

  • Early Termination Conditions means the types of conditions listed in Schedule A.

  • Early Termination Rate means the lesser of (i) 6.5% per annum, compounded annually, and (ii) LIBOR plus 100 basis points.

  • Early Termination Amount means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, these Conditions or the relevant Final Terms;

  • Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.

  • Early Termination Charge means, with respect to any 2019-B Lease that is terminated prior to its Maturity Date, an amount equal to the lesser of (a) the present value (discounted at the implicit rate of such 2019-B Lease) of all remaining Monthly Payments and (b) the excess, if any, of the adjusted 2019-B Lease balance over the related 2019-B Vehicle’s fair market wholesale value in accordance with accepted practices in the automobile industry (or by written agreement between the Servicer, on behalf of the Titling Trust, and the Lessee).

  • Early Termination Effective Date is defined in Section 4.2 of this Agreement.

  • Termination Option Event means an event of a kind defined as such in Section 4.1, 4.2 or 4.8.

  • Early Termination Schedule is defined in Section 4.2 of this Agreement.

  • Exercise Termination Event (i) the Effective Time (as defined in the Merger Agreement) of the Merger; (ii) termination of the Merger Agreement in accordance with the provisions thereof if such termination occurs prior to the occurrence of an Initial Triggering Event, except a termination by Grantee pursuant to Section 8.1(d) of the Merger Agreement (unless the breach by Issuer giving rise to such right of termination is non-volitional); or (iii) the passage of 12 months after termination of the Merger Agreement if such termination follows the occurrence of an Initial Triggering Event or is a termination by Grantee pursuant to Section 8.1(d) of the Merger Agreement (unless the breach by Issuer giving rise to such right of termination is non-volitional) (provided that if an Initial Triggering Event continues or occurs beyond such termination and prior to the passage of such 12-month period, the Exercise Termination Event shall be 12 months from the expiration of the Last Triggering Event but in no event more than 18 months after such termination). The "Last Triggering Event" shall mean the last Initial Triggering Event to expire. The term "Holder" shall mean the holder or holders of the Option.

  • Optional Termination The termination of the trust created hereunder in connection with the purchase of the Mortgage Loans pursuant to Section 9.01(a) hereof.

  • Automatic Termination shall have the meaning set forth in Section 2.3.2.

  • Termination Period means the period of time beginning with a Change in Control and ending on the earlier to occur of:

  • Company Termination Fee has the meaning set forth in Section 7.3(a).

  • Optional Termination Date Any Distribution Date on or after which the Stated Principal Balance (after giving effect to distributions to be made on such Distribution Date) of the Mortgage Loans is less than 10.00% of the Cut-off Date Balance.

  • Termination for Cause or "Cause" shall mean personal dishonesty, incompetence, willful misconduct, breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, willful violation of any law, rule or regulation (other than traffic violations or similar offenses), or final cease and desist order, or any material breach of this Agreement, in such case as measured against standards generally prevailing at the relevant time in the savings and community banking industry. For purposes of this Section, no act, or the failure to act, on the Executive's part shall be "willful" unless done, or omitted to be done, in bad faith and without reasonable belief that the action or omission was in the best interest of the Bank or its affiliates. Any act, or failure to act, based upon authority given pursuant to a resolution duly adopted by the Board or based upon the written advice of counsel for the Bank shall be conclusively presumed to be done, or omitted to be done, by the Executive in good faith and in the best interests of the Bank. Notwithstanding the foregoing, the Executive shall not be deemed to have been terminated for Cause unless and until there shall have been delivered to him a Notice of Termination which shall include a copy of a resolution duly adopted by the affirmative vote of not less than three-fourths of the members of the Board at a meeting of the Board called and held for that purpose (after reasonable notice to the Executive and an opportunity for him, together with counsel, to be heard before the Board), finding that in the good faith opinion of the Board, the Executive was guilty of conduct justifying Termination for Cause and specifying the particulars thereof in detail. The Executive shall not have the right to receive compensation or other benefits for any period after Termination for Cause.

  • Initial Optional Termination Date The first Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans is equal to or less than 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

  • Company Termination Event means any of the following: