Termination of Contract definition

Termination of Contract. Means of terminating the Contract by the City or the Successful Bidder and the non-terminating party’s rights and remedies.
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Termination of Contract. Means for terminating the Contract by the Library or the Successful Respondent and the non-terminating party’s rights and remedies.
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Termination of Contract means the ending of the contractual relationship during the term of the contract.
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Examples of Termination of Contract in a sentence

  • Commencement, Completion, Modification, and Termination of Contract 2.1 Effectiveness of Contract This Contract shall come into effect on the date the Contract is signed by both parties or such other later date as maybe stated in the SCC.

  • In the event, the Corporation does not terminate the contract as provided in the paragraph GC-50 (Termination of Contract) the Contractor shall continue performance of the contract, in which case, he shall be liable to the Corporation for liquidated damages for delay until the works are completed and accepted.

  • Termination of Contract for Convenience: After placement of contract, there may be some unforeseen situation compelling SPMCIL to cancel the contract.

  • Termination of Contract on account of any other reason (s) attributable to Contractor.

  • Commencement, Completion, Modification, and Termination of Contract 2.1 Effectiveness of Contract This Contract shall come in to effect on the date the Contract is signed by both parties or such other later date as may be stated in the SCC.

  • Termination of Contract: Security Printing Press, Hyderabad may at any time terminate the contract by giving two months prior notice in writing to that effect and shall have the liberty to appoint any other agency to carry out your obligation under this contract.

  • If the Contractor shall fail for 15 days after such notice has been given to proceed with the work as therein prescribed, the Bank may proceed as provided in Clause 56 (Termination of Contract by the Bank).

  • If the contractor fails to start the work within seven days after such notice has been given to proceed with the works as therein prescribed, the Employer may proceed as provided in clause 39 (Termination of Contract by Employer).

  • Termination of Contract shall not relieve either party of financial, product or service obligations incurred or accrued prior to termination.

  • Commencement, Completion, Modification and Termination of Contract.


More Definitions of Termination of Contract

Termination of Contract. If you wish to cease being a resident of the Boarding House, it is expected that you will provide at least four weeks notice. • Any breach which contravenes the Mazenod College Code of Conduct or the Terms of Agreement in this contract will be discussed with yourself, the Head of Boarding and the Principal of the College. Such a process will determine whether this contract is immediately terminated resulting in the cessation of your tenure as a resident. Terms of employment • Your employment as a member of staff at Mazenod College is under the terms and conditions of The Congregation of the Missionary Oblates of the Most Holy and Immaculate Virgin Xxxx Non- Teaching Staff Enterprise Bargaining Agreement 2014. A copy of this agreement can be located on the College website: xxxxx://xxx.xxxxxxx.xx.xxx.xx/xxx-xxxxxx/xxxxxxxxxx. • As a member of staff, you are required to comply with all Catholic Education Commission of Western Australia Policy Statements which are also located at xxxxx://xxx.xxxx.xxx.xx/xxxxx- us/governance/policies/ and School policy statements. It is a condition of your employment that you actively contribute towards the maintenance of the Catholic ethos of the School through a manner of life and stated beliefs which are in keeping with the teachings of the Catholic Church. Yours sincerely
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Termination of Contract means the ending of the contractual relationship during the term of the contract; however, at the Board of Trustees discretion, the terms regarding compensation and benefits shall be paid out or may continue through the effective dates of the contract.CHAPTER 2 GENERAL PROVISIONS‌
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Termination of Contract. This Contract will terminate when: (a) no further contributions may be paid under this Contract; and (b) no Participant's account remains uncancelled; and (c) no further annuity or transfer payments are payable from this Contract; or (d) as otherwise agreed upon by the Contractholder and Us. ANNUITY PROVISIONS ANNUITY DATE Annuity Date is the date on which annuity payments are to begin. Prior to the Annuity Date, there is no cash surrender value except as may be provided by the form of Annuity purchased or as may be agreed by Us when the Annuity is purchased. The Participant selects an Annuity Date at the time of application. The Participant may change the Annuity Date at any time, at least seven days prior to the Annuity Date, by written notice to the Company at its Annuity Service Center. If no Annuity Date is selected, the Annuity Date will be the latest Annuity Date, as set by the Company DEFERMENT OF PAYMENTS We may defer making payments from the Fixed Account Options for up to six (6) months. Interest, subject to state requirements, will be credited during the deferral period.
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Related to Termination of Contract

  • Early Termination Effective Date is defined in Section 4.2 of this Agreement.

  • Event of Servicer Termination With respect to the Servicing Agreement, a Servicing Default as defined in Section 6.01 of the Servicing Agreement.

  • 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.

  • Termination Agreement has the meaning set forth in the Recitals.

  • Termination of Services means Participant’s Termination of Consultancy, Termination of Directorship or Termination of Employment, as applicable.

  • Swap Termination Event means the occurrence of a “Termination Event” under the Swap Agreement, as defined in the Swap Agreement.]

  • Eligible Termination means the involuntary termination of Participant’s employment without Cause, provided that at the time of such termination Participant is a Senior Officer and has completed at least ten (10) years of service as a Senior Officer.

  • Termination of parental rights means the permanent elimination of all parental rights and duties, including residual parental rights and duties, by court order.

  • Servicer Termination Notice Defined in Section 6.15.

  • Event of Servicing Termination means an event specified in Section 8.1 of the Sale and Servicing Agreement.

  • Complete Termination means a termination of the Fund's Rule 12b-1 plan for B-2 Shares involving the cessation of payments of the Distribution Fees, and the cessation of payments of distribution fees pursuant to every other Rule 12b-1 plan of the Fund for every existing or future B-Class-of-Shares (as hereinafter defined) and the Fund's discontinuance of the offering of every existing or future B-Class-of-Shares, which conditions shall be deemed satisfied when they are first complied with hereafter and so long thereafter as they are complied with prior to the earlier of (i) the date upon which all of the B-2 Shares which are Distributor Shares pursuant to Schedule I hereto shall have been redeemed or converted or (ii) May 31, 2005. For purposes of this Section 14.5, the term B-Class-of-Shares means each of the B-1 Class of Shares of the Fund, the B-2 Class of Shares of the Fund and each other class of shares of the Fund hereafter issued which would be treated as Shares under Schedule I hereto or which has substantially similar economic characteristics to the B-1 or B-2 Classes of Shares taking into account the total sales charge, CDSC or other similar charges borne directly or indirectly by the holder of the shares of such class. The parties agree that the existing C Class of Shares of the Fund does not have substantially similar economic characteristics to the B-1 or B-2 Classes of Shares taking into account the total sales charge, CDSC or other similar charges borne directly or indirectly by the holder of such shares. For purposes of clarity the parties to this agreement hereby state that they intend that a new installment load class of shares which may be authorized by amendments to Rule 6(c)-10 under the 1940 Act will be considered to be a B-Class-of-Shares if it has economic characteristics substantially similar to the economic characteristics of the existing B-1 or B-2 Classes of Shares taking into account the total sale charge, CDSC or other similar charges borne directly or indirectly by the holder of such shares and will not be considered to be a B-Class-of-Shares if it has economic characteristics substantially similar to the economic characteristics of the existing C Class of shares of the Fund taking into account the total sales charge, CDSC or other similar charges borne directly or indirectly by the holder of such shares.

  • Termination Upon Change of Control shall not include any termination of the employment of the Executive (a) by the Company for Cause; (b) as a result of the Permanent Disability of the Executive; (c) as a result of the death of the Executive; or (d) as a result of the voluntary termination of employment by the Executive for reasons other than Good Reason.

  • Mandatory Termination Date means the "Termination Date" set forth under "Investment Summary--Essential Information" in the Prospectus for the Trust.

  • Servicer Termination Event shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement or at any time that the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, any analogous concept under the servicing agreement pursuant to which the Mortgage Loan is being serviced in accordance with the terms of this Agreement.

  • ERISA Termination Event means (i) a “Reportable Event” described in Section 4043 of ERISA and the regulations issued thereunder (other than a “Reportable Event” not subject to the provision for 30-day notice to the PBGC under such regulations), or (ii) the withdrawal of a Borrower or any of its ERISA Affiliates from a “single employer” Plan during a plan year in which it was a “substantial employer”, both of such terms as defined in Section 4001(a) of ERISA, or (iii) the filing of a notice of intent to terminate a Plan or the treatment of a Plan amendment as a termination under Section 4041 of ERISA, or (iv) the institution of proceedings to terminate a Plan by the PBGC or (v) any other event or condition which might constitute grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Plan or (vi) the partial or complete withdrawal of a Borrower or any ERISA Affiliate of such Borrower from a “multiemployer plan” as defined in Section 4001(a) of ERISA.

  • Purchase Termination Date means the date upon which the Transferor shall cease, for any reason whatsoever, to make purchases of Receivables from the Seller under the Receivables Purchase Agreement or the Receivables Purchase Agreement shall terminate for any reason whatsoever.

  • Early Termination Event has the meaning specified in Section 9.2.

  • Book-Entry Termination The occurrence of any of the following events: (i) the Clearing Agency is no longer willing or able to properly discharge its responsibilities with respect to the Book Entry Certificates, and the Depositor is unable to locate a qualified successor; or (ii) the Depositor at its option advises the Trustee and the Certificate Registrar in writing that it elects to terminate the book-entry system through the Clearing Agency.

  • Optional Termination The termination of the trust created hereunder in connection with the purchase of the Mortgage Loans pursuant to Section 9.01(a) hereof.

  • Company Termination Event means any of the following:

  • Early Termination Conditions means the types of conditions listed in Schedule A.

  • Termination Events means each of the events specified in Clause 10.3 of this Contract.

  • Automatic Termination shall have the meaning set forth in Section 2.3.2.

  • Additional Termination Event has the meaning specified in Section 5(b).

  • Termination Upon a Change in Control means a termination of Officer’s employment with Corporation within 12 months following a “Change in Control” that constitutes a Termination Other Than For Cause described in Section 2.1(b).

  • Early Opt-in Election means the occurrence of: