Common use of Contents of Termination Notice Clause in Contracts

Contents of Termination Notice. A Termination Notice shall specify: the nature of the relevant Event of Default; a date and time, which shall be reasonable in the circumstances, at which termination is to take effect; and whether the party serving the Termination Notice reasonably considers that the Event of Default is capable of remedy, and where the relevant Event of Default is capable of remedy: the steps which the party serving the Termination Notice believes are reasonably required to remedy the Event of Default; and a reasonable grace period within which such steps may be taken (where the Event of Default is a failure of the Train Operator to pay Track Charges or other amounts due, 7 days is a reasonable grace period).

Contents of Termination Notice. A Termination Notice shall specify: the nature of the relevant Event of Default; a date and time, which shall be reasonable in the circumstances, at which termination is to take effect; and whether the party serving the Termination Notice reasonably considers that the Event of Default is capable of remedy, and where the relevant Event of Default is capable of remedy: the steps which the party serving the Termination Notice believes are reasonably required to remedy the Event of Default; and a reasonable grace period within which such steps may be taken (where the Event of Default is a failure of the Train Operator to pay Track Charges or other amounts due, 7 seven days is a reasonable grace period).

Contents of Termination Notice. A Termination Notice shall specify: the nature of the relevant Event of Default; a the date and time, which shall be reasonable in the circumstances, at which termination is to take effect; and whether the party serving the Termination Notice reasonably considers that the Event of Default is capable of remedy, and where the relevant Event of Default is capable of remedy: the steps which the party serving the Termination Notice believes are reasonably required to remedy the Event of Default; and a reasonable grace period within which such steps may for it to be taken remedied (where the Event of Default is a failure of the Train Operator to pay Track Charges Charges, or other amounts due, 7 seven days is a reasonable grace period).

Contents of Termination Notice. A Termination Notice shall specify: : (A) the nature of the relevant Event of Default; a ; (B) the date and time, which shall be reasonable in the circumstances, at which termination is to take effect; and and (C) whether the party serving the Termination Notice reasonably considers that the Event of Default is capable of remedy, and where the relevant Event of Default is capable of remedy: : (1) the steps which the party serving the Termination Notice believes are reasonably required to remedy the Event of Default; and and (2) a reasonable grace period within which such steps may for it to be taken remedied (where the Event of Default is a failure of the Train Operator to pay Track Charges Charges, or other amounts due, 7 seven days is a reasonable grace period).