Automatic Reversion Sample Clauses

Automatic Reversion. Upon the Expiration Date or earlier termination of this Lease, the Premises shall automatically, and without further act or conveyance on the part of Tenant or City, become the property of City, free and clear of all liens and Encumbrances and without payment therefor by City and shall be surrendered to City upon such date. Upon or at any time after the date of termination of this Lease, if requested by City, Tenant shall promptly deliver to City, without charge, a quitclaim deed to the Premises suitable for recordation and any other instrument reasonably requested by City to evidence or otherwise effect the termination of Tenant's leasehold estate under this Lease and to effect such transfer or vesting of title to the Premises or any permitted Improvements or Alterations that City agrees are to remain part of the Premises pursuant to the provisions of Section 8.2 above.
AutoNDA by SimpleDocs
Automatic Reversion. If, at any time, any Unrestricted Subsidiary fails to meet the requirements outlined in Clause 11.1 (Designation of Restricted Subsidiary as Unrestricted Subsidiary) for an Unrestricted Subsidiary, it will immediately cease to be an Unrestricted Subsidiary.
Automatic Reversion. If, at any time, any Unrestricted Subsidiary fails to meet the requirements outlined in Clause 11.1 (
Automatic Reversion. This easement is subject to an automatic termination and reversion to GRANTOR when, in the opinion of GRANTOR, this easement is not used for the purposes outlined herein, and any costs or expenses arising out of the implementation of this clause shall be borne completely, wholly and entirely by GRANTEE, including attorneys' fees.
Automatic Reversion. 21 Job share arrangements automatically revert back to the Master 22 Staffing Plan for any of the following reasons:
Automatic Reversion. If there is (a) a violation of, or default under, the requirements of Sections 2 or 3 by the Corporation or any successor thereto, (b) an Automatic Section 4 Default, (c) a default under the requirements of Section 7 by the Corporation or any successor thereto which continues for a period of 30 days or more, (d) a final determination that the Corporation’s Code Section 501(c)(3) tax exempt status has been revoked, (e) any amendment to Articles 4, 5, 6 or 10 of the Restated Articles of Incorporation of the Corporation which has not been specifically approved by the County Board, or (f) dissolution of the Corporation without a successor nonprofit corporation to carry out the terms and conditions of this Agreement, the title and ownership to the System and other property as described in Section 12 shall revert or transfer to the County automatically.

Related to Automatic Reversion

  • Termination After a Change in Control You will receive Severance Benefits under this Agreement if, during the Term of this Agreement and after a Change in Control has occurred, your employment is terminated by the Company without Cause (other than on account of your Disability or death) or you resign for Good Reason.

  • Termination Following a Change in Control (a) In the event of the occurrence of a Change in Control, the Executive's employment may be terminated by the Company or a Subsidiary during the Severance Period and the Executive shall be entitled to the benefits provided by Section 4 unless such termination is the result of the occurrence of one or more of the following events:

Time is Money Join Law Insider Premium to draft better contracts faster.