Termination Right definition

Termination Right have the respective meanings given in the PRA Contractual Stay Rules.

Termination Right means any right of Tenant to cancel or terminate the Lease or to claim a partial or total eviction arising (whether under the Lease or under applicable law) from Landlord’s breach or default under the Lease.

Termination Right means a right to terminate a contract, a right to accelerate, close out, set-off or net obligations or any similar provision that suspends, modifies or extinguishes an obligation of a party to the contract or a provision that prevents an obligation under the contract from arising that would otherwise arise;

Examples of Termination Right in a sentence

• Termination Right of the SecurityholdersIn the case that in the definition of "Securities" contained in the section "Product Terms" of the relevant Final Terms the product feature "Securityholder’s Extraordinary Termination Right" is specified to be not applicable, Securityholders do not have a termination right and the Securities may, hence, not be terminated by the Securityholders during their term.

• If Tenant (i) exercises its Right of First Refusal pursuant to Section 39(a), or (ii) does not deliver to Landlord the Termination Notice and the Early Termination Payment within the time period provided in this paragraph, Tenant shall be deemed to have waived its Termination Right and the provisions of this Section 42 shall have no further force or effect.

• In the event that the Purchaser exercises the Termination Right, the Vendor shall, within thirty days from the date of receipt of the termination notice, refund the Consideration (without interest) actually paid by the Purchaserto the Vendor and the Acquisition Agreement shall be terminated on the date on which the Consideration (without interest) actually paid by the Purchaser to the Vendor is refunded in full.

• Associated Termination Right: The Contractor acknowledges and agrees that any breach of this Clause 8.4 (Vendor Declaration and Associated Termination Right) will be deemed a material breach of contract entitling the Buyer to terminate the Contract at any time and with immediate effect, without any obligation to pay any outstanding fees or make any other payment.

• The Executive acknowledges and agrees that the payment and rights provided underSection 3 are fair and reasonable, and are the Executive’s sole and exclusive remedy, in lieu of all other remedies at law or in equity, for termination of the Executive’s employment by the Company upon exercise of its Termination Right pursuant to this Agreement or upon a Termination for Good Reason.

More Definitions of Termination Right

Termination Right means the right of the Company, in its sole, absolute and unfettered discretion, to terminate Executive’s employment under this Agreement for any reason or no reason whatsoever. For the avoidance of doubt, any Termination for Cause effected by the Company shall not constitute the exercise of its Termination Right.

Termination Right means the right of the Company, in its sole, absolute and unfettered discretion, to terminate the Executive’s employment under this Agreement for any reason or no reason whatsoever. For the avoidance of doubt, any Termination for Cause effected by the Company shall not constitute the exercise of its Termination Right.

Termination Right means the following rights and provisions:

Termination Right means the right of AES to terminate the Contract with immediate effect where a Customer is in material breach of the Terms and Conditions;

Termination Right means a right to terminate a contract on an event of default as defined in or for the purposes of the contract, and includes any related right to

Termination Right means a right to terminate a contract on an event of default as defined in or for the purposes of the contract, and includes any related right to accelerate, close out, set-off or net obligations or any related provision that suspends, modifies or extinguishes an obligation of a party to the contract to make a payment;

Termination Right with respect to the entire Premises only on the last day of the 30th full calendar month after the Commencement Date (“Early Termination Date”), so long as Tenant delivers to Landlord (a) a written notice (“Termination Notice”), of its election to exercise its Termination Right no less than 9 months in advance of the Early Termination Date, and (b) concurrent with Tenant’s delivery of the Termination Notice to Landlord, an early termination payment in the amount of $150,000 (collectively, the “Early Termination Payment”). If Tenant timely and properly exercises the Termination Right and delivers the Early Termination Payment, Tenant shall vacate the Premises and deliver possession thereof to Landlord in the condition required by the terms of this Lease on or before the Early Termination Date and Tenant shall have no further obligations under this Lease after the Early Termination Date except for those accruing prior to the Early Termination Date and those which, pursuant to the terms of this Lease, survive the expiration or early termination of this Lease. If Tenant delivers a Termination Notice to Landlord pursuant to immediately preceding paragraph, Landlord shall have the opportunity, if it so elects and without any obligation to do so, to offer one or more alternative premises for lease to Tenant which reasonably satisfies the premises being sought by Tenant following the Early Termination Date (“Alternative Premises”). Such Alternative Premises shall be located at the Project or, if Landlord so elects, at another property in the San Diego area owned or controlled by an entity controlled by, under common control with, or controlling Landlord including, without limitation, any of the constituent members of Landlord or Alexandria Real Estate Equities, Inc. (any such entity, an “Affiliate”). Alternatively, Landlord and/or any Affiliate, as the case may be, shall have the right, if it so elects and without any obligation to do so, to acquire a new project or redevelop any existing project it then owns to offer to Tenant the Alternative Premises. Such new lease shall, if entered into, otherwise be upon terms and conditions acceptable to Landlord or Affiliate, as the case may be, and Tenant in their respective good faith sole discretion. Tenant agrees to evaluate any such offer by Landlord (or its Affiliate) in good faith.