Common use of Termination Notice for Force Majeure Event Clause in Contracts

Termination Notice for Force Majeure Event. If a Force Majeure Event subsists for a period of 180 (one hundred and eighty) days or more within a continuous period of 365 (three hundred and sixty five) days, either Party may in its discretion terminate this Agreement by issuing a written termination notice, this Agreement shall, notwithstanding anything to the contrary contained herein, stand terminated forthwith; provided that before issuing such Termination Notice, the Party intending to issue the Termination Notice shall inform the other Party of its intention to do so and grant at least 15 (fifteen) days time to the other Party to make a representation, and may after the expiry of 15 (fifteen) days period, whether or not it is in receipt of such representation, in its sole discretion issue the Termination Notice.

Termination Notice for Force Majeure Event. If a Force Majeure Event subsists for a continuous period of 180 (one hundred and eighty) days or more within a continuous period of 365 (three hundred and sixty five) daysmore, either Party may in its discretion terminate this Agreement by issuing a written termination notice to the other Party without being liable in any manner whatsoever for, and upon issue of such termination notice, this Agreement shall, notwithstanding anything to the contrary contained herein, stand terminated forthwith; provided that before issuing such Termination Noticetermination notice, the Party intending to issue the Termination Notice termination notice shall inform the other Party of its such intention to do so and grant at least 15 (fifteen) days days’ time to the other Party to make a representation, and may after the expiry of such 15 (fifteen) days period, whether or not it is in receipt of such representation, in its sole discretion issue the Termination Noticetermination notice.

Termination Notice for Force Majeure Event. If a Force Majeure Event subsists for a continuous period of 180 (one hundred and eighty) days or more within a continuous period of 365 (three hundred and sixty five) daysmore, either Party may in its discretion terminate this Agreement by issuing a written termination notice to the other Party without being liable in any manner whatsoever for, and upon issue of such termination notice, this Agreement shall, notwithstanding anything to the contrary contained herein, stand terminated forthwith; provided that before issuing such Termination Noticetermination notice, the Party intending to issue the Termination Notice termination notice shall inform the other Party of its such intention to do so and grant at least 15 (fifteen) days days‟ time to the other Party to make a representation, and may after the expiry of such 15 (fifteen) days period, whether or not it is in receipt of such representation, in its sole discretion issue the Termination Noticetermination notice.