BREACH AND CANCELLATION. Without prejudice to other remedies the Parties may have, either Party shall have the right to terminate this Agreement if it has sent a written notice to the other Party notifying it of the event giving rise to such right and requesting that Party to remedy the event giving rise to termination within a period specified in the notice provided that such a time period will be reasonable, having regard to the nature of the breach (the “Remedy Period”). If such breach is not remedied by the defaulting Party by the expiry of the Remedy Period, the other Party may terminate this Agreement forthwith by notice in writing to that Party.
Appears in 5 contracts
Samples: Memorandum of Agreement, Memorandum of Agreement, Memorandum of Agreement
