Expiration of Right to Terminate Sample Clauses

Expiration of Right to Terminate. In the case of the termination rights of NGS pursuant to the foregoing sub-Section (i) through (iv) above, such termination rights shall expire, with respect only to the specific event triggering such right, at the close of business on the 60th day following the date on which NGS obtained actual knowledge of the occurrence of such triggering event, except in cases where NGS has allowed Xxxxxxxx time to cure the default, but Xxxxxxxx thereafter does not cure the default, in which case NGS shall retain its termination rights. Xxxxxxxx shall have the burden of proving the actual knowledge of NGS. The expiration of any termination right with respect to any single specific triggering event shall not relieve Xxxxxxxx from any of its obligations hereunder, nor shall such expiration constitute a waiver of any other rights or remedies available to NGS under this Agreement or under applicable law.
Sample 1
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Expiration of Right to Terminate. In the case of the termination rights of NGS pursuant to the foregoing sub-Section (i) through (iv) above, such termination rights shall expire, with respect only to the specific event triggering such right, at the close of business on the [*] following the date on which NGS obtained actual knowledge of the occurrence of such triggering event, except in cases where NGS has allowed Xxxxxxxx time to cure the default, but Xxxxxxxx thereafter does not cure the default, in which case NGS shall retain its termination rights. Xxxxxxxx shall have the burden of proving the actual knowledge of NGS. The expiration of any termination right with respect to any single specific triggering event shall not relieve Xxxxxxxx from any of its obligations hereunder, nor shall such expiration constitute a waiver of any other rights or remedies available to NGS under this Agreement or under applicable law. [*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.
Sample 1

Related to Expiration of Right to Terminate

  • Right to Terminate Notwithstanding anything to the contrary set forth in this Agreement, this Agreement may be terminated and the transactions contemplated herein abandoned at any time prior to the Closing:

  • Reservation of Right to Terminate Relationship Nothing contained in this Agreement shall restrict the right of the Company to terminate the relationship of the Optionee at any time, with or without cause. The termination of the relationship of the Optionee by the Company, regardless of the reason therefor, shall have the results provided for in Sections 3 and 4 of this Agreement.

  • Licensee’s Right to Terminate Licensee may, at its option, without prejudice to any other remedies it may have, terminate this agreement by giving written notice of such termination to Licensor as follows: (a) immediately, in the event that Licensor abandons the Licensed Marks or otherwise ceases to support the Licensed Marks in Licensor's business; or (b) immediately in the event of the occurrence of a Bankruptcy with respect to Licensor; or (c) immediately in the event of an occurrence of termination pursuant to Section 13.2(d).

  • Termination of Rights The right of first refusal granted the --------------------- Company by Section 3(b) above and the option to repurchase the Shares in the event of an involuntary transfer granted the Company by Section 3(c) above shall terminate upon the first sale of Common Stock of the Company to the general public pursuant to a registration statement filed with and declared effective by the Securities and Exchange Commission under the Securities Act. Upon termination of the right of first refusal described in Section 3(b) and the expiration or exercise of the Repurchase Option, a new certificate or certificates representing the Shares not repurchased shall be issued, on request, without the legend referred to in Section 6(a)(ii) below and delivered to Purchaser.

  • Expiration of Rights The Rights will expire on the earliest of (a) 5:00 p.m., New York City time, on December 30, 2021 (b) the time at which the Rights are redeemed (as described in Section 6 below), and (c) the time at which the Rights are exchanged in full (as described in Section 7 below).

  • Tenant’s Right to Terminate If the Leased Premises, the Building or the Outside Area are damaged by any peril and Landlord does not elect to terminate this Lease or is not entitled to terminate this Lease pursuant to this Article, then as soon as reasonably practicable, Landlord shall furnish Tenant with the written opinion of Landlord's architect or construction consultant as to when the restoration work required of Landlord may be complete. Tenant shall have the option to terminate this Lease in the event any of the following occurs, which option may be exercised only by delivery to Landlord of a written notice of election to terminate within seven days after Tenant receives from Landlord the estimate of the time needed to complete such restoration:

  • Landlord’s Right to Terminate Landlord shall have the option to terminate this Lease in the event any of the following occurs, which option may be exercised only by delivery to Tenant of a written notice of election to terminate within thirty days after the date of such damage or destruction:

  • Right to Terminate Agreement This Agreement may be terminated prior to the Closing:

  • Termination of Rights as Holder If the Placement Warrants are terminated in accordance with Section 6.1, then after such time Subscriber (or its successor in interest) shall no longer have any rights as a holder of such Placement Warrants and the Company shall take such action as is appropriate to cancel such Placement Warrants. Subscriber hereby irrevocably grants the Company a limited power of attorney for the purpose of effectuating the foregoing and agrees to take any and all measures reasonably requested by the Company necessary to effect the foregoing.

  • Executive’s Right to Terminate Notwithstanding the provisions of paragraph 2.1, Executive shall have the right to terminate his employment under this Agreement for any of the following reasons:

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