Clause Library

→

Termination

Termination

Sample Clauses

Details the conditions under which the contract may be terminated, and the procedures and consequences of termination.

Details the conditions under which the contract may be terminated, and the procedures and consequences of termination.

Drafting Tips

Detail the conditions under which the contract can be terminated, notice requirements, and responsibilities after termination. Include effects of termination on outstanding obligations.

Sample Clauses

Source Consulting Agreement [ALTAIR ENGINEERING INC.]
(2017-07-25) - DE - Services-Prepackaged Software

Upon termination of this Agreement for any reason, Consultant shall promptly deliver to Altair all work products produced, in part, or in whole, under this Agreement and within thirty (30) days of said termination, Consultant shall submit to Altair an itemized invoice for all outstanding fees and approved expenses which accrued under this Agreement to the date of termination which shall be paid by Altair within thirty (30) days of receipt thereof.
Source Securities Purchase Agreement [FINTECH ACQUISITION CORP]
(2016-11-14) - DE - Blank Checks

This Agreement and each of the rights and obligations of the Company and Investor shall terminate upon the termination of the Merger Agreement or by the written agreement of the parties hereto.
Source Commercial Lease Agreement [HYDROPOTHECARY CORP]
(2020-11-02) - A8 - Medicinal Chemicals & Botanical Products

The Tenant hereby waives any right that it may have to terminate the Lease, in accordance with section 65.2 of the Bankruptcy and Insolvency Act.
Source Registration Statement (Investment Company) [2017 MANDATORY EXCHANGEABLE TRUST]
(2018-02-02) - NY -

This Agreement and the rights hereby granted by Pledgor in the Collateral shall cease, terminate and be void upon fulfillment of all of the Secured Obligations (other than any indemnification, reimbursement or similar obligation that is contingent at the applicable time), and Pledgor shall not have further liability hereunder upon such termination. Any Collateral remaining at the time of such termination, shall be fully released and discharged from the Lien created by this Agreement and delivered to Pledgor by the Collateral Agent, all at the expense of Pledgor. Upon such release and discharge, the Collateral Agent shall promptly take such actions, make such filings and execute and deliver to Pledgor, at Pledgor's expense, such documentation as Pledgor shall reasonably request to evidence such release.
Source Limited Liability Company Agreement [TIMBERLINE RESOURCES CORP]
(2020-01-10) - DE - Gold and Silver Ores

Upon the completion of the distribution of the Company's Assets as provided in Section 9.4, the Company shall be terminated and the liquidator shall file a certificate of cancellation of the certificate of formation of the Company and shall take such other actions as may be necessary to terminate the existence of the Company.
Source Amendment to Agreement [LOGICAL CHOICE CORP]
(2017-05-12) - NV - Services-Educational Services

This escrow shall terminate upon the disbursement in accordance with the provisions herein of the Escrowed Funds in full or at any time upon the agreement in writing of Boxlight and the Escrow Agent.
Source Purchase and Sale Agreement [1ST STREIT OFFICE INC.]
(2018-12-26) - MD - Real Estate Investment Trusts

If this Agreement is terminated as a result of the provisions of Sections 12.1 or 12.2 hereof, Buyer shall be entitled to receive a refund of the Earnest Money from Escrow Agent, whereupon the parties shall have no further rights or obligations hereunder, except for those which expressly survive any such termination.
Source Lease Agreement [10X GENOMICS, INC.]
(2019-08-19) - DE - Laboratory Analytical Instruments

No re-entry or taking of possession of the Premises by Landlord pursuant to this Paragraph 25 shall be construed as an election to terminate this Lease unless a written notice of such intention is given to Tenant or unless the termination thereof is decreed by a court of competent jurisdiction. Notwithstanding any reletting without termination by Landlord because of any Default by Tenant, Landlord may at any time after such reletting elect to terminate this Lease for any such Default.
Source Management Savings Plan [ABBOTT LABORATORIES]
(2020-02-21) - IL - Pharmaceutical Preparations

The Committee may at any time terminate the Plan with respect to future Deferrals. The Committee may also terminate and liquidate the Plan in its entirety; provided that such termination and liquidation are consistent with the provisions of Code Section 409A. Upon any such termination, the Company shall pay to the Participant the benefits the Participant is entitled to receive under the Plan, determined as of the termination date, in compliance with Code Section 409A.
Source Termination Agreement [4FRONT VENTURES CORP.]
(2021-04-07) - Medicinal Chemicals & Botanical Products

13. Termination. The Parties may terminate this Termination Agreement as provided below: (a) Mutual Agreement. The Parties may terminate this Termination Agreement by mutual written consent at any time prior to the Termination Date. (b) Prohibited Transaction. The Premium Parties, on the one hand, or the 4Front Parties, on the other hand, may terminate this Termination Agreement in the event that (i) there shall be any law that makes consummation of the transactions contemplated by this Termination Agreement illegal or otherwise prohibited, or (ii) any governmental body shall have issued an order restraining or enjoining the transactions contemplated by this Termination Agreement, and such order shall have become final and non-appealable. (c) Passage of Time. The 4Front Parties may terminate this Termination Agreement by delivering a Notice
Source Termination Agreement [4FRONT VENTURES CORP.]
(2021-04-07) - Medicinal Chemicals & Botanical Products

upon: (i) the Parties' mutual written agreement; (ii) the occurrence of an Event of Default under that certain Membership Interest Pledge and Security Agreement (the "Security Agreement") of even date herewith by and between the Parties and affiliates thereof (as Event of Default is defined in the Security Agreement); or (iii) by Manager, effective immediately upon written notice to the Company, if there is any change in the status of the License, or any law, rule, regulation and/or ordinance that prohibits, prevents or jeopardizes the Company's ability to operate the Business;
Source Series A Preferred Shares Subscription Agreement [58.COM INC.]
(2016-05-13) - E9 - Services-Computer Programming, Data Processing, Etc.

Notwithstanding anything to the contrary in this Agreement, the rights of any Investor under this Agreement shall terminate and be of no further force and effect at the earlier of (x) the fifth anniversary of the date hereof and (y) except with respect to the Company's obligations pursuant to Clause 2.8 and Clause 2.9, which shall survive until the fifth anniversary of the date hereof, such time at which all Registrable Securities held by such Investor (and any Associate of such Investor with whom such Investor must aggregate its sales of Registrable Securities under Rule 144) proposed to be sold may be sold under Rule 144 in any ninety (90)-day period without registration in compliance with Rule 144.
Source Series A Preferred Shares Subscription Agreement [58.COM INC.]
(2016-05-13) - E9 - Services-Computer Programming, Data Processing, Etc.

Notwithstanding anything to the contrary in this Agreement, the rights of any Investor under this Agreement shall terminate and be of no further force and effect at the earlier of (x) the fifth anniversary of the date hereof and (y) except with respect to the Company's obligations pursuant to Clause 2.8 and Clause 2.9, which shall survive until the fifth anniversary of the date hereof, such time at which all Registrable Securities held by such Investor (and any Associate of such Investor with whom such Investor must aggregate its sales of Registrable Securities under Rule 144) proposed to be sold may be sold under Rule 144 in any ninety (90)-day period without registration in compliance with Rule 144.
Source Series A Preferred Shares Subscription Agreement [58.COM INC.]
(2016-05-13) - E9 - Services-Computer Programming, Data Processing, Etc.

(a) Termination before the Closing. This Agreement may be terminated prior to the Closing (i) by mutual written consent of the Company and each of the Investors or (ii) by written notice from the New Investors to the Company if there has been a material misrepresentation or material breach of a covenant or agreement contained in this Agreement on the part of any Warrantor, Group Company or Management Shareholder, and such breach, if curable, has not been cured within ten (10) days of such notice. (b) Effects of Termination. If this Agreement is terminated as provided under this Section 9.16, this Agreement will be of no further force or effect upon termination; provided that (i) the termination will not relieve any party from any liability for any antecedent breach of this Agreement, and (ii) Sections 9.03, 9.12, 9.13, 9.15 and 9.17 shall survive the termination of this Agreement.
Source Asset Purchase Agreement [ACETO CORP]
(2019-02-20) - NY - Wholesale-Drugs, Proprietaries & Druggists' Sundries

ARTICLE VII TERMINATION 7.1 Termination 7.2 Effect of Termination 7.3 Break-Up Fee; Expense Reimbursement 7.4 Return of Good Faith Deposit
Source Schedule 13D/A (Amendment to a Schedule 13D) [ADVENT/CLAYMORE GLOBAL CONVERTIBLE SECURITIES & INCOME FUND]
(2017-05-02) - DE -

If the Trust fails to complete the Tender Offer on or before [Date], this Agreement shall immediately terminate and be of no further force or effect. This Agreement remains in full force and effect until the earliest of: (a) the expiration of the Standstill Period; (b) a termination of this Agreement pursuant to Section 4.1; and (c) such other date established by mutual written agreement of the Trust and Saba. Section 6 survives the termination of this Agreement. No termination pursuant to this Section 4 relieves any Party from liability for any breach of this Agreement prior to such termination.
Source Master Service Agreement [AGILE THERAPEUTICS INC]
(2020-08-11) - DE - Pharmaceutical Preparations

12. Termination (a) Except as may otherwise be provided in any Project Agreement, this Agreement and any Project Agreement may be terminated by inVentiv or Client upon giving written notice as follows: (i) by in
Source Nonqualified Stock Option Agreement [AFG HOLDINGS, INC.]
(2018-06-12) - DE - Oil & Gas Field Machinery & Equipment

"Termination" means a Termination of Consultancy, Termination of Directorship or Termination of Employment, as applicable.
Source Executive Deferred Compensation Plan [AGILITI, INC. \\DE]
(2021-03-05) - DE - Services-Miscellaneous Equipment Rental & Leasing

Termination. The Company, by action taken by its Board of Directors, may terminate the Plan and pay Participants and Beneficiaries their Account Balances in a single lump sum at any time, to the extent and in accordance with Treas. Reg. Section 1.409A-3(j)(4)(ix). If an Adopting Employer terminates its participation in the Plan, or if the Company terminates the participation of an Adopting Employer, the benefits of affected Employees shall be paid at the time provided in Article VI.
Source Custodian Agreement [ALGER ETF TRUST]
(2021-02-19) - MA -

This Agreement may be terminated by either party in accordance with the provisions of this Section. The provisions of this Agreement and any other rights or obligations incurred or accrued by
Source Manufacturing Services Agreement [ALIMERA SCIENCES INC]
(2020-11-03) - DE - Pharmaceutical Preparations

Either party may terminate this Agreement (a) for convenience upon twenty-four (24) months' prior written notice to the other party; (b) upon the material default of the other party and such default not cured within thirty (30) days after delivery of written notice from the non-defaulting party; or (c) pursuant to Section 18.1. Alimera may also terminate this Agreement immediately upon written notice in the event that Alimera