Extraordinary Termination Clause Samples

Extraordinary Termination. This Agreement shall be deemed to be terminated in the case of the sale of the Vessel or if the Vessel becomes a total loss or is declared as a constructive or compromised or arranged total loss or is requisitioned.

Extraordinary Termination. If the customer acts unlawfully or in breach of the contract, Flughafen Zürich AG is entitled to terminate all contracts with the customer without notice and to withdraw the service. Flughafen Zürich AG reserves the right to claim compensation.

Extraordinary Termination. Both Parties shall have the right to terminate this Agreement with immediate effect by giving written notice to the other Party, if - the other Party becomes insolvent; - the other Party enters into a composition agreement or similar proceedings under bankruptcy laws; - the other Party ceases to carry out its business operations; or - in the event of a material breach of any obligations under this Agreement by the other Party and if such breach has not been remedied within a time period of thirty (30) calendar days. Other terms concerning the breach of contract shall take precedence over this provision.

Extraordinary Termination. The Network User Member or the RBP Operator may terminate the Agreement by giving a written notice of termination upon the occurrence of any of the following events, unless such event results from an event of Force Majeure: a. Repeated or major breach or non-performance of the obligations of this Agreement, or the Operational Rules, b. The dissolution of Network User Member, c. If the Network User Member disagrees with the amendment of the RBP Operational Rules. In this case the Network User Member shall have the right to terminate the present Agreement by giving a written notice within 15 days from publishing the modification of the Operational Rules on the RBP Portal. The effective date of termination in this case shall be on the day when the modification of the Operational Rules enters into force.

Extraordinary Termination. In the event of an Extraordinary Termination during the Agreement Term, as defined in Section 9.1(b), the following provisions shall apply.

Extraordinary Termination. The Borrower is entitled to terminate the credit agreement extraordinarily at any time, observing a notice period of 30 calendar days, and to repay the outstanding utilizations in whole or in part. If, as a result of the extraordinary termination, the maturity date for the utilization occurs within an ongoing fixed interest period or on a day other than the originally agreed maturity date, compensation in accordance with paragraph 1 of “Compensation in the Event of Extraordinary Termination” shall be due for payment on the early maturity date. UBS is entitled to terminate the credit agreement at any time with immediate effect and to make all claims including accrued interest, fees, etc., regardless of the terms of the loans granted, due immediately and to demand them immediately, if: 1) the Borrower or a group company (a “group company” is any company that is controlled by the Borrower within the meaning of Art. 963 paragraph 2 OR [Obligationenrecht (Swiss Code of Obligations)]) is in arrears vis-à-vis UBS or a third party (including any acquirers of credit claims) with respect to interest, fees, and/or capital payments by more than 30 calendar days, or credit overruns are not repaid or adequately secured through payment within the deadline set by UBS. 2) a restructuring obligation is imposed upon the Borrower or a group company by an official order (particularly in the field of environmental protection), which, in the judgment of UBS, could have a material impact on its financial performance. 3) the ownership/control circumstances of the Borrower change to a significant extent, in the judgment of UBS. 4) the Borrower or a group company changes its legal or economic structure, for example through liquidation, sale of a significant portion of the assets, change of corporate purpose or business activity, merger, or restructuring, if, in the judgment of UBS, the relevant event could have a material impact on its financial capacity. 5) in connection with the Borrower or a group company, a petition is filed for the opening of a bankruptcy proceeding or the postponement of a bankruptcy proceeding and/or a judicial or extrajudicial moratorium is requested. 6) the Borrower or a group company has stopped its payments, or the earnings or financial situation of the Borrower or a group company experiences a significant deterioration in the judgment of UBS. 7) the Borrower or a group company breaches any other obligations of this credit agreement. If, at the time of th...

Extraordinary Termination. This Agreement shall be deemed to be terminated in the case of the sale of the Vessel (directly or via a sale of a Controlling interest in the Owners) or, if the Vessel becomes a total loss or is declared as a constructive or compromised or arranged total loss or is requisitioned or has been declared missing, or if bareboat chartered, unless otherwise agreed, when the bareboat charter comes to an end; provided, however, that the foregoing shall not apply to (A) the sale of any Vessel pursuant to a sale/leaseback transaction or (B) any termination or expiration of a bareboat charter of such Vessel by the Owners if such Vessel is purchased (or re-purchased) by the Owners.

Extraordinary Termination a) By Xerox: Xerox has the right to terminate the Agreement without notice if Tenant fails to meet his or her payment obligations despite reminders and/or Xerox's property rights are affected or endangered in any way. In the event of premature termination of the contract, Xerox has the right to have the Rental Property collected immediately, to claim forfeited rent plus interest on arrears and to demand damages. The damages are calculated as follows: A deduction will be made from the total amount of rent due until the regular expiration of the contract: (i) a discount customary in the market and (ii) at the Lessor's discretion, the difference between the market value or the net realisation proceeds between the termination of the contract and the ordinary end of the contract for the Leasehold Item (the costs of repair and storage shall be borne by the Tenant). We reserve the right to claim further damages.

Extraordinary Termination. This Agreement shall be deemed to be terminated in the case of the sale of the Vessel or if the Vessel becomes a total loss or is declared as a constructive or compromised or arranged total loss or is requisitioned. This document is a computer generated ▇▇▇▇▇▇▇ 98 form printed by authority of BIMCO. Any insertion or deletion to the form must be clearly visible. In the event of any modification made to the pre-printed text of this document which is not clearly visible, the text of the original BIMCO approved document shall apply. BIMCO assumes no responsibility for any loss, damage or expense as a result of discrepancies between the original BIMCO approved document and this computer generated document.