TERMINATION OF THE FRAMEWORK AGREEMENT. The Account Holder may terminate the Framework Agreement ipso jure which will entail closing his Payment Account by any means after complying with a (1) one-month notice period. The Account Holder must maintain sufficient Funds to ensure successful completion of the pending Payment Transactions during the time necessary for settling them and payment of the fees owed by the Account Holder. Lemonway may automatically terminate the Framework Agreement which will entail closing the Payment Account by registered letter with acknowledgment of receipt following a (2) two-month notice period. In the event of a serious breach by a Party, the Framework Agreement may be terminated with immediate effect. Serious breach by the Account Holder is understood as: communication of false information; exercise of unlawful activity, contrary to common decency, money laundering or terrorist financing; threats against Lemonway’s employees or the Partner’s employees; failure to pay; breach of an obligation by the Account Holder hereunder; termination of the relationship between the Account Holder and the Partner; termination of the relationship between the Partner and Lemonway; over- indebtedness or, for legal entities, appointment of an ad-hoc representative, an insolvency administrator, initiation of insolvency or liquidation proceedings. Serious breach by Lemonway is understood as: communication of false information; breach of an obligation hereunder; appointment of an ad-hoc representative, an insolvency administrator, initiation of insolvency or liquidation proceedings. In the event of a change in the applicable regulations and the interpretation made thereof by the relevant regulatory authority, affecting the capacity of Lemonway or its employees to execute the Payment Transactions, the Framework Agreement will automatically be terminated. The Account Holder will no longer be able to send a Payment Order as of the effective date of the termination. The Account may be kept open for a period of 13 months to cover any disputes and subsequent claims. Payment Transactions initiated before the effective date of termination will not be affected by the request for termination and must be executed under the terms of the Framework Agreement. The termination of the Framework Agreement shall result in the definitive closure of the Payment Account. Closing a Payment Account may not give rise to any compensation, whatever may be the damage caused by the closing of this Payment Account. U...
TERMINATION OF THE FRAMEWORK AGREEMENT. 16.1 KPLC, without prejudice to any remedy for breach of the Framework Agreement, may terminate this Framework Agreement immediately, by notice In Writing to the Supplier, if:
TERMINATION OF THE FRAMEWORK AGREEMENT a. The Procuring Agency may terminate this Framework Agreement immediately, by notice in Writing to the XX Xxxxxx, if:
TERMINATION OF THE FRAMEWORK AGREEMENT. The framework agreement terminates, without going to court or other formalities, in the following situations:
TERMINATION OF THE FRAMEWORK AGREEMENT. 19.1 Without prejudice to any other rights or remedies to which it may be entitled, TII shall be entitled at any time to terminate this Framework Agreement without liability to the Supplier by giving written notice to the Supplier to take effect immediately or on the date specified in the said notice if:
TERMINATION OF THE FRAMEWORK AGREEMENT. 2.4.1 The LGOPC may, by written notice, terminate this Framework Agreement (without recompense to the Economic Operator) thus ending the participation of the Economic Operator in the Framework, in the following circumstances: • if the Economic Operator breaches the terms of this Framework Agreement; or • if the provisions of Regulation 73 of the Regulations apply; or • if the Economic Operator falls within a relevant exclusion ground under Regulation 57 of the Regulations; or • if the Economic Operator fails to provide the requisite evidence of compliance with the declarations submitted in its ESPD following a request from the LGOPC and/or a Contracting Authority; or • if the Economic Operator fails to provide, to the LGOPC or the Contracting Authorities, renewed and updated self-declarations in accordance with Regulation 34 (24) of the Regulations; or • if any statement made by the Economic Operator in connection with the procedure by which this Framework Agreement was entered into was: (a) untrue when made or subsequently ceases to be true; or (b) was materially incorrect, inaccurate or misleading (whether intentionally so or not).
TERMINATION OF THE FRAMEWORK AGREEMENT. 10.1. This Framework Agreement shall enter into force on the date of approval by the Parties and shall be concluded for an indefinite period.
TERMINATION OF THE FRAMEWORK AGREEMENT. The Board would like to announce that, on 3 August 2018 (after trading hours), the Company and Shanghai Electric (each a “Party”, together the “Parties”) entered into a termination agreement (the “Termination Agreement”) pursuant to which the Parties mutually agreed to terminate the Framework Agreement and the transaction contemplated under the Framework Agreement. Pursuant to the Termination Agreement, the Framework Agreement shall cease to be legally binding on the Parties, and the Parties shall no longer enjoy any rights or assume any obligations under the Framework Agreement. The Parties confirmed that no breach, loss or adverse effect had occurred during the performance and termination of the Framework Agreement.
TERMINATION OF THE FRAMEWORK AGREEMENT. 1) The present framework agreement will be cancelled with immediate effect by the IMs/ABs, without prejudice of any damages the IMs/ABs could claim and without indemnity for the RU/applicant, in the following cases : – revocation of the licence of railway undertaking of the RU ; – withdrawal of the safety certificate of the RU. In case of partial withdrawal, the provisions of the framework agreement are maintained only for the capacity not affected by the decision of withdrawal ; – RU/applicant declared bankrupt or against which similar proceedings are commenced, when this case of termination of this agreement is allowed by national laws ; – [Special clause for applicant] Applicant no longer authorised to apply for capacity, for a least the network of one of the signing IMs/ABs. In case of suspension of the licence of railway undertaking, the provisions of the present framework agreement are still in force, without prejudice of the termination of the RNE contract of use of the infrastructure, until a regularisation of the situation in a delay that can not be longer than [1 or 3] months.
TERMINATION OF THE FRAMEWORK AGREEMENT. In case of default or delay of the Vendor in respect of any of its obligations under the Framework Agreement, for each day of such default or delay the Purchaser is entitled to 0.021% of the paid Consideration as compensation and entitled to delay payment of any parts of the unpaid Consideration until such obligations are fulfilled. In case the default or delay of the Vendor in respect of any of its obligations under the Framework Agreement exceeds 30 days, the Purchaser is entitled to terminate the Framework Agreement. Upon such termination, (a) the Vendors shall repay to the Purchaser all the Consideration paid by the Purchaser under the Framework Agreement within 15 working days after the receipt of the termination notice and a compensation per day at 0.021% of the paid Consideration if in default; and (b) a compensation representing an interest at 10% per annum of the Consideration paid from the day of actual payment of the Consideration until the actual repayment. In case of default or delay of the Purchaser in respect of any of its obligations under the Framework Agreement, for each day of such default or delay the Vendor is entitled to 0.021% of the unpaid Consideration as compensation until such obligations are fulfilled. In case the default or delay of the Purchaser in respect of its obligations under the Framework Agreement exceeds 30 days, the Vendor is entitled to terminate the Framework Agreement. Upon such termination, (a) the Purchaser shall pay the Vendor a compensation representing 10% of the unpaid Consideration within 30 working days after the receipt of the termination notice from the Vendor and a compensation per day at 0.021% of the unpaid Consideration if in default; and
