Termination Clause Example with 10 Variations from Business Contracts

This page contains Termination clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Termination. This Agreement shall be subject to termination in the sole discretion of the Representatives by notice to the Depositor and MBFS given on or prior to the Closing Date in the event that either Depositor or MBFS shall have failed, refused or been unable to perform all obligations and satisfy all conditions on its part to be performed or satisfied hereunder at or prior thereto or, if at or prior to the Closing Date any of the events described in Section 7(d) shall have occurred.
Found in Mercedes-Benz Auto Receivables Trust 2016-1 contract

Variations of a "Termination" Clause from Business Contracts

Termination. This Subject to Section 14, this Agreement shall be subject to termination in the sole discretion of the Representatives by notice to the Depositor and MBFS USA given on or prior to the 2018-B Closing Date in the event that either the Depositor or MBFS USA shall have failed, refused or been unable to perform all obligations and satisfy all conditions on its part to be performed or satisfied hereunder at or prior thereto or, if at or prior to the 2018-B Closing Date any of the events described in... Section 7(d) 8(d) shall have occurred. View More
Found in Mercedes-Benz Auto Lease Trust 2018-B contract
Termination. This Subject to Section 14, this Agreement shall be subject to termination in the sole discretion of the Representatives by notice to the Depositor and MBFS USA given on or prior to the 2021-B Closing Date in the event that either the Depositor or MBFS USA shall have failed, refused or been unable to perform all obligations and satisfy all conditions on its part to be performed or satisfied hereunder at or prior thereto or, if at or prior to the 2021-B Closing Date any of the events described in... Section 7(d) 8(d) shall have occurred. View More
Found in Mercedes-Benz Auto Lease Trust 2021-B contract
Termination. This Agreement shall be subject to termination in the sole discretion of the Representatives by notice to the Depositor and MBFS USA given on or prior to the 2015-B Closing Date in the event that either Depositor or MBFS USA shall have failed, refused or been unable to perform all obligations and satisfy all conditions on its part to be performed or satisfied hereunder at or prior thereto or, if at or prior to the 2015-B Closing Date any of the events described in Section 7(d) 8(d) shall have oc...curred. View More
Found in Mercedes-Benz Auto Lease Trust 2015-B contract
Termination. This Subject to Section 14, this Agreement shall be subject to termination in the sole discretion of the Representatives by notice to the Depositor and MBFS USA given on or prior to the 2020-A Closing Date in the event that either the Depositor or MBFS USA shall have failed, refused or been unable to perform all obligations and satisfy all conditions on its part to be performed or satisfied hereunder at or prior thereto or, if at or prior to the 2020-A Closing Date any of the events described in... Section 7(d) 8(d) shall have occurred. View More
Found in Mercedes-Benz Auto Lease Trust 2020-A contract
Termination. This Subject to Section 14, this Agreement shall be subject to termination in the sole discretion of the Representatives by notice to the Depositor and MBFS USA given on or prior to the 2021-A Closing Date in the event that either the Depositor or MBFS USA shall have failed, refused or been unable to perform all obligations and satisfy all conditions on its part to be performed or satisfied hereunder at or prior thereto or, if at or prior to the 2021-A Closing Date any of the events described in... Section 7(d) 8(d) shall have occurred. View More
Found in Mercedes-Benz Auto Lease Trust 2021-A contract
Termination. This Subject to Section 14, this Agreement shall be subject to termination in the sole discretion of the Representatives by notice to the Depositor and MBFS USA given on or prior to the 2019-A Closing Date in the event that either the Depositor or MBFS USA shall have failed, refused or been unable to perform all obligations and satisfy all conditions on its part to be performed or satisfied hereunder at or prior thereto or, if at or prior to the 2019-A Closing Date any of the events described in... Section 7(d) 8(d) shall have occurred. View More
Found in Mercedes-Benz Auto Lease Trust 2019-A contract
Termination. This Subject to Section 14, this Agreement shall be subject to termination in the sole discretion of the Representatives by notice to the Depositor and MBFS USA given on or prior to the 2018-A Closing Date in the event that either the Depositor or MBFS USA shall have failed, refused or been unable to perform all obligations and satisfy all conditions on its part to be performed or satisfied hereunder at or prior thereto or, if at or prior to the 2018-A Closing Date any of the events described in... Section 7(d) 8(d) shall have occurred. View More
Found in Mercedes-Benz Auto Lease Trust 2018-A contract
Termination. This Agreement shall be subject to termination in the sole discretion of the Representatives by notice to the Depositor and MBFS USA given on or prior to the 2015-A Closing Date in the event that either Depositor or MBFS USA shall have failed, refused or been unable to perform all obligations and satisfy all conditions on its part to be performed or satisfied hereunder at or prior thereto or, if at or prior to the 2015-A Closing Date any of the events described in Section 7(d) 8(d) shall have oc...curred. View More
Found in Mercedes-Benz Auto Lease Trust 2015-A contract
Termination. This Agreement shall be subject to termination in the sole discretion of the Representatives by notice to the Depositor and MBFS USA given on or prior to the 2016-A Closing Date in the event that either Depositor or MBFS USA shall have failed, refused or been unable to perform all obligations and satisfy all conditions on its part to be performed or satisfied hereunder at or prior thereto or, if at or prior to the 2016-A Closing Date any of the events described in Section 7(d) 8(d) shall have oc...curred. View More
Found in Mercedes-Benz Auto Lease Trust 2016-A contract
Termination. This Agreement shall be subject to termination in the sole discretion of the Representatives by notice to the Depositor and MBFS USA given on or prior to the 2014-A Closing Date in the event that either Depositor or MBFS USA shall have failed, refused or been unable to perform all obligations and satisfy all conditions on its part to be performed or satisfied hereunder at or prior thereto or, if at or prior to the 2014-A Closing Date any of the events described in Section 7(d) 8(d) shall have oc...curred. View More
Found in Mercedes-Benz Auto Lease Trust 2014-A contract