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Not all imaginable breaches under the agreement constitute a default that can justify termination of the agreement, although they must be cured to the extent possible.
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The Court ruled that just because an agreement barred further exercise of the termination right, it did not run afoul of the statute which does not permit an initial agreement that prospectively eliminates the termination right.
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It included a strengthening of the termination clauses in the agreement, which were rather loose for both parties.
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That is why we are exploring early termination of the agreement.
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If Spectrum Assets are not acquired due to a failure to obtain required regulatory approvals, Clearwire would, within 30 days following termination of the spectrum purchase agreement, repay the PIK Debenture plus interest at 6% per annum.
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The U.S. State Department said a termination clause in the agreement extends one year from the end of the agreement.
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T-Mobile gets some credit for addressing the negative connotations of a legally binding agreement and an early termination "fee, " but if you want to keep the phone you obtained at the discounted price, you'll have to keep paying monthly installments until it's paid off.
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The IRS considers deposits returned on termination of a purchase agreement.
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