Examples of Termination Notice in a sentence
In the event that the Company and the Manager are unable to agree to the terms of the revised compensation to be payable to the Manager during such 45-day period, this Agreement shall terminate, such termination to be effective on the date which is the later of (A) ten (10) days following the end of such 45-day period and (B) the Effective Termination Date originally set forth in the Termination Notice.
Subject to the exercise by the Authority of its rights under this Agreement or under any of the Project Agreements to perform or procure the performance by a third party of any of the obligations of the Concessionaire, the Parties shall continue to perform their obligations under this Agreement, notwithstanding the giving of any Termination Notice, until the Termination of this Agreement becomes effective in accordance with its terms.
MAC may, without liability to Tenant, rescind a Notice of Termination by giving Tenant written notice of such rescission, if such written notice is provided within ninety (90) days of the Termination Notice.
MAC may rescind a Notice of Termination by giving Tenant written notice of such rescission, if such written notice is provided after the ninety (90) day period referenced in the preceding sentence, in which case MAC is liable to Tenant for any loss, cost, damage or expense Tenant incurs as a result of Xxxxxx’s taking action in reliance on the Termination Notice.
This Lease remains in full force and effect between the date Tenant receives a Termination Notice and the Termination Date and Tenant must perform all of Tenant’s obligations under this Lease during such period.