Termination Event

Termination Event. Has the meaning set forth in paragraph 4 hereto.

Termination Event. Means any one or more of the following: (i) any representation or warranty made or deemed made by the Borrower in this Agreement shall be false or misleading in any material respect when made or deemed to have been made (or if such representation or warranty is qualified by materiality or a Material Adverse Effect qualification, false or misleading in any respect), (ii) the Borrower fails to perform or observe any covenant or any agreement or term contained in this Agreement, (iii) any Default... or Event of Default, other than the Specified Events of Default, shall occur and be continuing under the Credit Agreement or any of the other Loan Documents, (iv) any Hedge Event of Default, other than the Specified Hedge Events of Default, shall occur and be continuing under the Hedge Agreement, or (v) any holder of Existing Notes (as defined in the Second Secured Note Indenture) shall have commenced any action, suit or any other type of legal proceeding against the Borrower and such action, suit or proceeding shall not have been withdrawn or dismissed within thirty (30) days after the commencement of such action, suit or proceeding. View More

Termination Event. (i) a "reportable event" described in Section 4043 of ERISA or in the Regulations thereunder (excluding events for which the requirement for notice of such reportable event has been waived under subsection .22, .23, .25, .27, or .28 of PBGC Regulation Section 4043 and any event described in subsection .33 of PBGC Regulation Section 4043)

Termination Event. (i) three (3) years after the closing of a Qualifying IPO (the "Qualifying IPO Termination") or (ii) the closing of an Extraordinary Transaction prior to a Qualifying IPO.

Termination Event. The Employment Period (and Executive's employment with the Company) shall terminate early in the event that, at any time during the Employment Period (each such event, a "Termination Event"): (i) Executive dies; (ii) Executive becomes "Disabled" (as defined below); (iii) the Company elects to terminate the Executive's employment for Cause (as hereinafter defined); (iv) a termination by the Company without Cause within the fifteen (15) month period... beginning three (3) months immediately preceding a Change in Control (as defined below) and ending on the first anniversary of the Change in Control (the "Bracket Period"); (v) a termination by the Company without Cause otherwise than during the Bracket Period; and (vi) resignation by Executive for any reason. View More

Termination Event. Means (a) with respect to a Participant who is an Employee, the termination of the Participant's employment with the Company or a Subsidiary for any reason, voluntarily or involuntarily, with or without cause, including by reason of the Participant's death or disability; and (b) with respect to a Participant who is an Independent Director, the termination of the Participant's service as a member of the Board or member of the board of directors (or similar governing body) of a Subsidiary for any... reason, voluntarily or involuntarily, including by reason of the Participant's death, disability or failure to be elected. A Termination Event shall not be deemed not to occur if (x) in the case of an Employee, there is a simultaneous reemployment or continuing employment of the Participant by the Company or any Subsidiary, (y) in the case of a Independent Director, the Participant continues to serve on the Board or the board of directors (or similar governing body) of any Subsidiary, or (z) in the discretion of the Committee, the Participant's service is interrupted for any approved leaves of absence for illness, temporary disability, military or governmental service, or other reasons. View More

Termination Event. Means the initiation of any action by any Borrower or any Releasing Party (as defined below) to invalidate or limit the enforceability of any of the acknowledgments set forth in Section 2, the release set forth in Section8(i) or the covenant not to sue set forth in Section8(j).

Termination Event. Means the first to occur of (a) the consummation of a Sale of the Company and (b) subsequent to the consummation of an IPO, the first date on which the Investors collectively cease to own at least 25% of the aggregate number of shares of the Company's Common Stock held by such Investors as of the date of the IPO (as adjusted for any share split, share combination or similar event involving the Company).

Termination Event. Means: (1) the failure of PANTRY to purchase the Minimum Combined Annual [***] Volume and deliver the same to the Retail Outlets and the [***] stores listed on Exhibit A to the GSA in any Contract Year; (2) the failure of PANTRY to purchase the Minimum Combined Annual [***] Volume and deliver the same to the Retail Outlets and the [***] stores listed on Exhibit A to the GSA in any Contract Year; (3) the termination or non-renewal, within the meaning of... the PMPA, of the Product Supply Agreement or the franchise relationship created or embodied by the Product Supply Agreement; (4) none of the Retail Outlets are being directly supplied by PANTRY as MARATHON® retail outlets; (5) the assignment by PANTRY of any of its rights or interests, in whole or in part, or the delegation by PANTRY of any of its duties, under this Agreement without the prior written consent of MPC; or (6) the occurrence of any material breach or nonperformance by PANTRY of any of its respective obligations under this Agreement that is not cured within thirty (30) days following the date written notice of breach or nonperformance is sent, via certified mail, return receipt requested, by MPC to PANTRY. View More

Termination Event. Means the Designators and their respective Affiliates collectively holding fewer than 50 Class B Units.