Termination of Principal Agreement Sample Clauses

Termination of Principal Agreement. (1) Subject to the remainder of this clause, the Principal Agreement is hereby terminated with effect on and from the Operative Date and, except as otherwise provided in this Agreement, neither the State nor the Company shall have any claim against the other with respect to any matter or thing in or arising out of the Principal Agreement.
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Termination of Principal Agreement. Clause 4(1) States, subject to the remainder of this clause, that the Principal Agreement is terminated on and from the Operative Date and without the State or the Company having any claim against the other except as otherwise provided in the Termination Agreement.
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Termination of Principal Agreement. Any termination of the Principal Agreement or this Environmental Agreement based on the results of the BEA shall be governed exclusively by Section 12.1 of the Principal Agreement. ARTICLE THREE
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Termination of Principal Agreement. Pegasys may terminate this Agreement in the event that the Principal Agreement is terminated for any reason, and shall give the Contractor as much notice as is reasonably possible under the circumstances.
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Termination of Principal Agreement. 2 (1) Subject to this clause, the Principal Agreement is hereby terminated 3 with effect on and from the Operative Date and, except as otherwise 4 provided in this Agreement, neither the State nor the Joint Venturers 5 shall have any claim against the other with respect to any matter or 6 thing in or arising out of the Principal Agreement. 7 (2) Notwithstanding subclause (1) the Joint Venturers shall remain liable 8 for any antecedent breach or default under the Principal Agreement 9 and in respect of any indemnity given under the Principal Agreement. 10 (3) Notwithstanding subclause (1) the Guarantor shall remain liable in 11 respect of any guarantee given under the Principal Agreement in 12 relation to any antecedent breach or default by Diamond Resources 13 (Fitzroy) Pty Ltd or Diamond Resources (Canning) Pty Ltd under the 14 Principal Agreement. 15 (4) On and from the Operative Date: 16 (a) each Petroleum Title shall continue in force only under and, 17 except as provided in this subclause, subject to the provisions 18 of the Petroleum Act and, for the avoidance of doubt, each 19 Petroleum Title shall cease to have the benefit of the rights 20 and privileges conferred by, and be subject to the obligations 21 or restrictions imposed by, the Principal Agreement; 22 (b) any modification of the Petroleum Act made by the Principal 23 Agreement in relation to a Petroleum Title shall cease to 24 apply and each Petroleum Title shall continue in force under 25 and subject to the Petroleum Act for the balance of its term as 26 extended in accordance with paragraphs (c) and (d) below; 27 (c) the State shall cause the Petroleum Minister to enter as soon 28 as reasonably practicable a memorial in the register referred 29 to in section 70 of the Petroleum Act recording that 30 Petroleum Titles EP 371, EP428, EP431 and EP 436 shall 31 continue in force until 30 July 2023 and the year end for each 32 work requirement relating to these titles shall be suspended 33 and extended for the additional period of 4 years and such 34 extension of the term of the titles and variation of work 35 requirements shall be effective for all purposes on and from 36 the date of entry of the memorial in the register; page 8 Natural Gas (Canning Basin Joint Venture) Agreement (Termination) Bill 2017
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Related to Termination of Principal Agreement

  • Termination of Prior Agreement Upon the effectiveness of this Agreement, the Prior Agreement shall terminate and be of no further force and effect, and shall be superseded and replaced in its entirety by this Agreement.

  • Amendment of Prior Agreement The Prior Agreement is hereby amended and superseded in its entirety and restated herein. Such amendment and restatement is effective upon the execution of this Agreement by the Company and the parties required for an amendment pursuant to Section 5.5 of the Prior Agreement. Upon such execution, all provisions of, rights granted and covenants made in the Prior Agreement are hereby waived, released and superseded in their entirety by the provisions hereof and shall have no further force or effect.

  • Termination of Prior Agreements The execution of this Agreement shall be deemed to constitute the termination as of the Effective Date of any and all prior agreements between an Acquiring Fund and an Acquired Fund that relates to the investment by any Acquiring Fund in any Acquired Fund in reliance on a participation agreement, exemptive order or other arrangement among the parties intended to achieve compliance with Section 12(d)(1) of the 1940 Act (the “Prior Section 12 Agreements”). The parties hereby waive any notice provisions, conditions to termination, or matters otherwise required to terminate such Prior Section 12 Agreements.

  • TERM, MODIFICATION AND TERMINATION OF AGREEMENT This Agreement with respect to the Fund shall continue in effect until the expiration date set forth on Schedule A (the “Expiration Date”). With regard to the Operating Expense Limits, the Trust’s Board of Trustees and the Adviser may terminate or modify this Agreement prior to the Expiration Date only by mutual written consent. This Agreement shall terminate automatically upon the termination of the Advisory Agreement; provided, however, that the obligation of the Trust to reimburse the Adviser with respect to a Fund shall survive the termination of this Agreement unless the Trust and the Adviser agree otherwise.

  • Repayment of Principal Except as otherwise provided herein, the Company will repay the outstanding principal amount of this Note within fourteen (14) Business Days of the Offering Funding Date (the “Maturity Date”). This Note does not bear interest. At the option of the Lender, funds available for repayment of the loan may be held in a Company account, interest free, after the Maturity Date. Such funds shall not be used or otherwise pledged until such time as the Company and Lender have entered into another note.

  • Repayment of Principal and Interest (a) The entire outstanding principal balance of the Loans shall be due and payable by no later than 5:00 p.m. (Eastern time) on the Business Day on which the Loan is due, together with all remaining accrued and unpaid interest thereon, unless an extension of no more than three additional days is authorized by the Lending Company.

  • Prepayment of Principal Mandatory prepayments of principal, if any, of each Series of Notes shall be determined, allocated and distributed in accordance with the procedures set forth in the applicable Series Supplement, if not otherwise described herein.

  • Amendment and Restatement of Prior Agreement The Prior Agreement is hereby amended and restated in its entirety as set forth herein. Such amendment and restatement is effective upon the execution of this Agreement on the date hereof by the Company and certain of the Prior Investors who are party hereto, pursuant to Section 5.5 of the Prior Agreement. Upon such execution, all provisions of, rights granted and covenants made in the Prior Agreement are hereby waived, released and superseded in their entirety and shall have no further force or effect, including, without limitation, all rights of first refusal and any notice period associated therewith otherwise applicable to the transactions contemplated by the Purchase Agreement.

  • Incorporation of Prior Agreements; Amendments This Lease contains all agreements of the parties with respect to any matter mentioned herein. No prior agreement or understanding pertaining to any such matter shall be effective. This Lease may be modified in writing only, signed by the parties in interest at the time of the modification. Except as otherwise stated in this Lease, Lessee hereby acknowledges that neither the real estate broker listed in Paragraph 15 hereof nor any cooperating broker on this transaction nor the Lessor or any employees or agents of any of said persons has made any oral or written warranties or representations to Lessee relative to the condition or use by Lessee of said Premises and Lessee acknowledges that Lessee assumes all responsibility regarding the Occupational Safety Health Act, the legal use and adaptability of the Premises and the compliance thereof with all applicable laws and regulations in effect during the term of this Lease except as otherwise specifically stated in this Lease.

  • Payment of Principal Premium, if any, and Interest; Interest on Overdue Principal; Principal, Premium, if any, and Interest Rights Preserved.

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