Examples of Termination and Settlement Agreement in a sentence
During the year ended April 30, 2019, the Company and the seller entered into an Amendment, Termination and Settlement Agreement whereby the deferred payments shall no longer be subject to an adjustment and will be paid in equal installments of cash and equity totaling €666,666.
This Termination and Settlement Agreement will be construed and enforced in accordance with, and the rights of the Parties shall be governed by, the laws of the State of New York (including Section 5-1401 of the New York General Obligations Law), without regard to conflicts of laws principles that would require the application of the law of another jurisdiction.
This Termination and Settlement Agreement has been negotiated by the Parties and their respective legal counsel, and legal or equitable principles that might require the construction of this Termination and Settlement Agreement or any of its provisions against the Party responsible for drafting this Termination and Settlement Agreement shall not apply in any construction or interpretation of this Termination and Settlement Agreement after the Effective Date.
DISCUSSIONSan Diego Gas & Electric (SDG&E) Company requests approval of a Contract Termination and Settlement Agreement with Otay Landfill Gas, LLC (OLG).On June 11, 2019, SDG&E filed AL 3382-E requesting Commission approval of the Contract Termination and Settlement Agreement between SDG&E and OLG.
Additionally, subject to his compliance with the terms of the Termination and Settlement Agreement, at the end of the Notice Period Mr. Gerber received an additional 21,000 NIS (approximately $5,780 at the current exchange rate).Mr. Oded Bashan, the Chairperson and a co-founder of the Company, was appointed as Interim Chief Executive Officer of the Company.
Following the approval of the merger, the parties ultimately determined that it was not feasible to proceed with the transaction, and on May 4, 2020, we entered into a Termination and Settlement Agreement to terminate the Merger Agreement.
Consider and act on the Termination and Settlement Agreement for Paving, Drainage and Water Improvements for Lake Sharon Drive, by and between the City, Magnum Construction Management, LLC f/k/a Munilla Construction Management, LLC, and Berkshire, Hathaway Specialty Insurance Company; and authorizing the Mayor or his designee to execute necessary documents.
When compared to the expected payments under the original terms of the PPAs, the Contract Termination and Settlement Agreement provide significant benefits to SDG&E customers.
The Bankruptcy Court shall have exclusive jurisdiction over any action or proceeding with respect to the construction, interpretation and enforcement of this Termination and Settlement Agreement and each Party submits to such jurisdiction and waives any defense based on the location or jurisdiction of such court.
Upon any determination that any term or other provision is invalid, illegal, or incapable of being enforced, each Party hereto shall negotiate in good faith to modify this Termination and Settlement Agreement so as to effect the original intent of this Termination and Settlement Agreement as closely as possible in a mutually acceptable manner in order that the transactions contemplated hereby be consummated as originally contemplated to the greatest extent possible.