Grounds for Termination definition

Grounds for Termination. ’ means, in relation to a Grantee, that (i) the Grantee’s conduct has
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Grounds for Termination means, in relation to a Grantee, that (i) the Grantee’s
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Grounds for Termination event or circumstance specified in clause 8.1.
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Examples of Grounds for Termination in a sentence

  • Grounds for Termination; Damages; Penalties Failure of Contractor to seek substitution and adhere to the DVBE participation level identified in the proposal or listed in this Agreement may be cause for: termination of this Agreement, recovery of damages under rights and remedies due to the State; and penalties as outlined in Military and Veterans Code section 999.9 and Public Contract Code section 10115.10.

  • Grounds for Termination I agree to comply with the rules and policies and understand that the US Nanny Institute shall have the right to terminate this contract and my enrollment at any time for violation of rules and policies as outlined in the Course Catalog and Policies.

  • Grounds for Termination The Agreement may be terminated for: Developer’s failure to close its financing by the Financial Close Deadline; continuing Force Majeure Events and Extended Relief Events; certain defaults by either party; convenience of TxDOT; court order voiding the Agreement or making performance of a fundamental obligation or exercise of a fundamental right under the Contract Documents impossible; and lack of NEPA Finality.

  • Indebtedness 38 ARTICLE VII CLOSING CONDITIONS 38 Section 7.1. The Buyer’s Conditions to Closing 38 Section 7.2. The Sellers’ Conditions to Closing 39 ARTICLE VIII TERMINATION 40 Section 8.1. Grounds for Termination 40 Section 8.2. Effect of Termination 42 Section 8.3. Termination Fee 42 ARTICLE IX INDEMNIFICATION.

  • Notwithstanding the foregoing, the provisions of Section 9.01 (Grounds for Termination), this Section 9.02 (Effect of Termination), Section 9.03 (Termination Fee), and Article XI (Miscellaneous) will survive any termination hereof.

  • Grounds for Termination include but are not limited to gross incompetence, willingmismangement of funds, consistently acting or encouraging action in contravention of the best interests of the organizations or other similar misconduct of a significant nature.

  • Grounds for Termination of Tenancy This clause explains to your tenants exactly what infractions could tempt the rapid agreement potentially.

  • Section E Grounds for Termination, and it shall be for one (1) year, which shall be the “Initial Term”.

  • Grounds for Termination..............................................................

  • Section 7.1 The Buyer’s Conditions to Closing 49 Section 7.2 Parent’s Conditions to Closing 50 Section 7.3 Mutual Conditions to Closing 50 Section 8.1 Grounds for Termination 51 Section 8.2 Effect of Termination 52 TABLE OF CONTENTS (continued) Section 9.1 Survival 52 Section 9.2 Indemnification by Parent 53 Section 9.3 Indemnification by the Buyer 55 Section 9.4 Indemnification Procedure for Third Party Claims.


More Definitions of Grounds for Termination

Grounds for Termination. For Cause" shall exist:
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Related to Grounds for Termination

  • Potential Termination Event means an event which but for the lapse of time or the giving of notice, or both, would constitute a Termination Event.

  • Servicer Termination Events (or any analogous term under the Lead Securitization Servicing Agreement) include customary market termination events with respect to failure to make advances, failure to timely remit payments to the Non-Lead Note Holders as required hereunder or under the Lead Securitization Servicing Agreement (subject to no more than one business day grace period), failure to timely deposit amounts into any REO Account or to remit to a Servicer for deposit into a related collection or custodial account, failure to deliver (or cause to be delivered) materials or information required in order for each Non-Lead Note Holder or each Non-Lead Depositor to timely comply with its obligations under the Exchange Act, the Securities Act and Form SF-3, and for rating agency downgrades or other triggers with respect to any certificates issued in connection with a Non-Lead Securitization, subject to customary grace periods (provided that, in the case of failures related to the securities laws, such grace periods will not cause a Non-Lead Depositor to fail to comply with the applicable provisions of such securities laws). Upon the occurrence of such a Servicer Termination Event with respect to the Master Servicer affecting a Non-Lead Securitization Note Holder and the Master Servicer is not otherwise terminated pursuant to the Lead Securitization Servicing Agreement, the Master Servicer shall be required, upon the direction of such Non-Lead Securitization Note Holder, to appoint a subservicer with respect to such Non-Lead Securitization Note. Upon the occurrence of a Servicer Termination Event with respect to the Special Servicer affecting a Non-Lead Securitization Note Holder and the Special Servicer is not otherwise terminated pursuant to the Lead Securitization Servicing Agreement, the Trustee shall, upon direction of such Non-Lead Securitization Note Holder, terminate the Special Servicer with respect to, but only with respect to, the Mortgage Loan;

  • Event of Servicer Termination With respect to the Servicing Agreement, a Servicing Default as defined in Section 6.01 of the Servicing Agreement.

  • Termination for Cause means termination because of: (1) Executive's personal dishonesty, willful misconduct, breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, willful violation of any law, rule, regulation (other than traffic violations or similar offenses), final cease and desist order or material breach of any provision of this Agreement which results in a material loss to the Institution or the Holding Company, or (2) Executive's conviction of a crime or act involving moral turpitude or a final judgement rendered against Executive based upon actions of Executive which involve moral turpitude. For the purposes of this Section, no act, or the failure to act, on Executive's part shall be "willful" unless done, or omitted to be done, not in good faith and without reasonable belief that the action or omission was in the best interests of the Institution or its affiliates. Notwithstanding the foregoing, 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 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, 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. During the period beginning on the date of the Notice of Termination for Cause pursuant to Section 8 hereof through the Date of Termination, stock options and related limited rights granted to Executive under any stock option plan shall not be exercisable nor shall any unvested awards granted to Executive under any stock benefit plan of the Institution, the Holding Company or any subsidiary or affiliate thereof, vest. At the Date of Termination, such stock options and related limited rights and any such unvested awards shall become null and void and shall not be exercisable by or delivered to Executive at any time subsequent to such Termination for Cause.

  • Operating Advisor Termination Event As defined in Section 7.06(a) of this Agreement.