Termination Refund definition

Termination Refund has the meaning set forth in Paragraph 9.9.2 of this Settlement Agreement.
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Termination Refund means, where the Mortgagor has entered into a sale agreement with any person (hereinafter called the “Vendor”) to purchase the mortgaged property and in exercise of its rights under that sale agreement the Vendor has terminated that sale agreement, such amount of the purchase price or other amount which the Vendor is obliged to refund or pay to the Mortgagor pursuant to the Vendor’s exercise of that right of termination.
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Termination Refund has the meaning set forth in Section 13.4.4.
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Examples of Termination Refund in a sentence

  • Upon termination, all rights and obligations of the parties automatically terminate except for rights and obligations in respect of Licensed Materials for which Perpetual Access is granted in clause 2.2 [Perpetual Access Rights], for rights and obligations in respect of a refund under clause 10.2.5 [Early Termination Refund], if applicable, and for rights and obligations under such other provisions that, by their nature or their terms, survive termination.

  • Upon termination, all rights and obligations of the parties automatically terminate except for rights and obligations in respect of the Licensed Materials for which Perpetual Access is granted in clause 2.2 [Perpetual Access Rights], for rights and obligations in respect of a refund under clause 10.2.5 [Early Termination Refund], if applicable, and for rights and obligations under such other provisions that, by their nature or their terms, survive termination.

  • If the project is deemed terminated, you agree to pay Fix My Churn a final payment as calculated in paragraph 15 (Termination, Refund Policy) below.

  • Upon termination, all rights and obligations of the parties automatically terminate except for rights and obligations in respect of Licensed Materials for which Perpetual Access is provided for in Section 10.5.3 [Continued Access to Licensed Materials], for rights and obligations in respect of a refund under Section 10.2.5 [Early Termination Refund], if applicable, and for rights and obligations under such other provisions that, by their nature or their terms, survive termination.

  • If the SaaS Services are not performed consistent with the warranty set out in Sections 9.1(ii) above, Client shall be entitled to the remedies set out in Sections 11.2 (Termination) and 11.3 (Termination Refund or Payment Obligations).

  • The Escrow Agent shall, within seven (7) calendar days of receiving written notice of the Settling Defendants’ exercise of the Walk- Away Right, repay to Settling Defendants the Termination Refund.

  • If the Recruiter is not able to present a suitable replacement in 45 days, then Recruiter will issue a refund of the Placement Fee in accordance with the following table: Date of Termination Refund of Placement Fee 0-90 days 100% 5.

  • Upon termination, all rights and obligations of the parties automatically terminate except for rights and obligations in respect of Licensed Materials for which Perpetual Access is granted in clause 2.2 [Perpetual Access Rights], for rights and obligations in respect of a refund under clause 10.2.5 [Early Termination Refund], if applicable , and for rights and obligations under such other provisions that, by their nature or their terms, survive termination.

Related to Termination Refund

  • Termination Warning Notice means a notice sent by the Secretary of State to the Academy Trust, stating his intention to terminate this Agreement.

  • Partial Termination has the meaning set forth in the Section 6.3(a).

  • Termination Fee Event has the meaning ascribed thereto in Section 5.2(a);

  • Termination Notice means the communication issued in accordance with this Agreement by one Party to the other Party terminating this Agreement;

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

  • Termination, Moving You may cancel your acceptance of the Agreement with XOOM at any time prior to midnight of the thirtieth (30th) calendar day after the date of the first bill from your utility that includes XOOM charges for gas supply service without penalty or cancellation fee by calling XOOM at 0-000-000-0000 or by sending an email to xxxxxxxxxxxx@xxxxxxxxxx.xxx. When moving to an address within your local utility’s service territory, XOOM will make every effort to transfer your service to your new service address, provided that you notify XOOM within fifteen (15) days of your move. If a transfer of service is not successful or you move to a location outside your local utility’s service territory, you may cancel this Agreement at no cost to you. Failure to notify XOOM of your move will be considered a cancellation of this Agreement in accordance with its terms.

  • Termination for Good Reason means a Termination of Employment by Executive for a Good Reason.

  • Special Termination Notice means the Notice of Special Termination substantially in the form of Annex VII to this Agreement.

  • Termination for Just Cause means termination because of Executive’s 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 material breach of any provision of this Agreement.

  • Termination for Cause" shall mean termination of the Executive's employment because of:

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

  • Notice of Termination for Good Reason shall have the meaning set forth in Section 1(t).

  • Termination for Cause or "Cause" shall mean termination because of the Executive's personal dishonesty, willful misconduct, any breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, conviction of a felony with respect to the Bank or the Company or any material breach of this Agreement. 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 Company 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 Company 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 Company. 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.

  • Extended Termination Date has the meaning specified in Section 2.16(c).

  • Termination Letter has the meaning specified in Section 2.17(b).

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

  • Potential Termination Event means an event which, with the giving of notice and/or the lapse of time, would constitute a Termination Event.

  • Termination Payment has the meaning set forth in Section 6.03.

  • Initial Termination Date has the meaning set forth in Section 8.2(a).

  • Termination Amount has the meaning set forth in Section 7.02(a).

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

  • Network Termination Point (NTP) means the physical point at which a subscriber is provided with access to a public communications network; in the case of networks involving switching or routing, the NTP is identified by means of a specific network address, which may be linked to a subscriber number or name;

  • Termination Delivery Unit means (a) in the case of a Termination Event, an Event of Default or an Extraordinary Event (other than an Insolvency, Nationalization, Merger Event or Tender Offer), one Share or (b) in the case of an Insolvency, Nationalization, Merger Event or Tender Offer, a unit consisting of the number or amount of each type of property received by a holder of one Share (without consideration of any requirement to pay cash or other consideration in lieu of fractional amounts of any securities) in such Insolvency, Nationalization, Merger Event or Tender Offer. If a Termination Delivery Unit consists of property other than cash or New Shares and Counterparty provides irrevocable written notice to the Calculation Agent on or prior to the Closing Date that it elects to deliver cash, New Shares or a combination thereof (in such proportion as Counterparty designates) in lieu of such other property, the Calculation Agent shall replace such property with cash, New Shares or a combination thereof as components of a Termination Delivery Unit in such amounts, as determined by the Calculation Agent in its discretion by commercially reasonable means, as shall have a value equal to the value of the property so replaced. If such Insolvency, Nationalization, Merger Event or Tender Offer involves a choice of consideration to be received by holders, such holder shall be deemed to have elected to receive the maximum possible amount of cash.

  • Qualifying Termination means a termination of Executive’s employment (i) by the Company other than for Cause or (ii) by Executive for Good Reason. Termination of Executive’s employment on account of death, Disability or Retirement shall not be treated as a Qualifying Termination.

  • 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;