Notice of Termination for Default definition

Notice of Termination for Default means a notice delivered by one party to the other when the notifying party wishes to terminate this Agreement due to a default by the other party.
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Notice of Termination for Default means the written notice provided in accordance with the requirements set forth in Sections 18 and 20 of the Agreement, as applicable.
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Notice of Termination for Default has the meaning set forth in Article 23.
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Examples of Notice of Termination for Default in a sentence

  • If, after LACERA issues a Notice of Termination for Default pursuant to Section 6.C or Section 6.D above, it is determined for any reason that Actuary was not in default, or that such default was excusable, then the rights and obligations of the parties will be the same as if LACERA had issued a Notice of Termination for Convenience pursuant to Section 6.B.


More Definitions of Notice of Termination for Default

Notice of Termination for Default means a written notice delivered by one party to the other party when the notifying party desires to terminate this Agreement (or a portion of the work to be performed by Auditor) due to a default by the other party.
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Notice of Termination for Default has the meaning ascribed thereto in Section 24.1 of the Contract.
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Notice of Termination for Default has the meaning ascribed thereto in Section 17.1 of the Contract.
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Notice of Termination for Default means a written notice delivered by one party to the other party when the notifying party desires to terminate this Agreement (or a portion of the work to be performed by Auditor) due to a default by the other party.
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Related to Notice of Termination for Default

  • Notice of Termination means a written notice which shall indicate the specific termination provision in this Agreement relied upon and shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of Executive's employment under the provision so indicated.

  • Event of Termination has the meaning specified in Section 7.01.

  • Termination Notice means the communication issued in accordance with this Agreement by one Party to the other Party terminating this Agreement;

  • Termination for Good Reason means a Termination of Employment by Executive for a Good Reason.

  • Termination for Cause or "Cause" shall mean termination because of the Executive's personal dishonesty, willful misconduct, any breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, conviction of a felony with respect to the Bank or the Company or any material breach of this Agreement. For purposes of this Section, no act, or the failure to act, on the Executive's part shall be "willful" unless done, or omitted to be done, in bad faith and without reasonable belief that the action or omission was in the best interest of the Company or its affiliates. Any act, or failure to act, based upon authority given pursuant to a resolution duly adopted by the Board or based upon the written advice of counsel for the Company shall be conclusively presumed to be done, or omitted to be done, by the Executive in good faith and in the best interests of the Company. Notwithstanding the foregoing, the Executive shall not be deemed to have been terminated for Cause unless and until there shall have been delivered to him a Notice of Termination which shall include a copy of a resolution duly adopted by the affirmative vote of not less than three-fourths of the members of the Board at a meeting of the Board called and held for that purpose (after reasonable notice to the Executive and an opportunity for him, together with counsel, to be heard before the Board), finding that in the good faith opinion of the Board, the Executive was guilty of conduct justifying Termination for Cause and specifying the particulars thereof in detail. The Executive shall not have the right to receive compensation or other benefits for any period after Termination for Cause.

  • Potential Termination Event means an event which, with the giving of notice and/or the lapse of time, would constitute a Termination Event.

  • Effective Date of Termination means the date on which a Qualifying Termination occurs, as provided in Section 2.2 herein, which triggers the payment of Severance Benefits hereunder.