Common use of Default and Termination of the Agreement Clause in Contracts

Default and Termination of the Agreement. 9.1 If either Party consider the other Party to be in default of their obligations under this Agreement, they may notify the other Party in writing of the reasons they consider the other Party to be in default. If appropriate, matters shall be considered by the Parties at a meeting of the Group. The Parties shall make all reasonable efforts to agree a joint plan of action to remedy the situation. 9.2 Where, despite any action taken in accordance with condition 9.1, a Party still consider the other Party to be in default, they may give that Party notice specifying the default and the action to be taken to rectify it (“Default Notice”). The Default Notice shall state a period of time, being a reasonable period of time, in which the required action is to be taken and will accord with the requirements of paragraph 1.1. 9.3 If either Party is in default of their obligations under this Agreement and fail to comply with a Default Notice, the basis of the default will be referred by the Group back to the parent bodies, the Trust and the Authority, and either Party may give notice in writing, terminating this Agreement (“Termination Notice”). A Termination Notice shall take effect no earlier than six months from the date that any Default Notice is served. 9.4 If Termination occurs, the Parties undertake to remove all references to the other relating to this Agreement, from their respective products, signage and publicity. Notwithstanding this, the Trustees may continue to use the name “The New Forest Centre” in accordance with paragraph 6.1. 9.5 If a situation arises where either Party consider, in its absolute discretion, that no purpose would be served in serving a Default Notice, they may serve a Termination Notice. Such discretion is only expected to be exercised in exceptional circumstances, such as a significant reduction in the Authority’s funding, or incidences of fraud, corruption or dishonesty. 9.6 Termination of this Agreement shall have no effect on the liability of either Party, the payment of any sums arising under it, or any rights or remedies of either Party already accrued, prior to the date upon which termination takes effect.

Default and Termination of the Agreement. 9.1 If either Party consider considers the other Party to be in default of their obligations under this Agreement, Agreement they may notify the other Party in writing of the reasons they consider it considers the other Party to be in default. If appropriate, and if appropriate matters shall should be considered by the Parties at a the meeting of the Group. The Parties shall make all reasonable efforts to agree a joint plan of action to remedy the situation. 9.2 Where, Where despite any action taken in accordance with condition 9.1, the previous sub-clause a Party still consider considers the other Party to be in default, they may give that Party notice specifying the default and of the action to be taken to rectify it (“a Default Notice”). The Default Notice shall state a period of time, time being a reasonable period of time, time in which the required action is to be taken and will accord with the requirements of paragraph 1.1the terms of this Agreement as to reasonableness. 9.3 If either Party is in default of their obligations under this Agreement and fail fails to comply with a Default Notice, Notice the basis of the default will be referred by the Group back to the parent bodies, bodies – the Trust and the Authority, Authority – and either Party may give notice in writing, writing terminating this Agreement (“a Termination Notice”). A Termination Notice shall take effect no earlier than six twelve months from the date that any the Default Notice is served. 9.4 If Termination occurs, termination occurs the Parties undertake to remove all references to the other relating to this Agreement, Agreement from their respective products, products signage and publicity. Notwithstanding this, the Trustees Trust may continue to use the name “The New Forest Centre” in accordance with paragraph 6.1”. 9.5 If a the situation arises where either Party consider, considers in its absolute discretion, discretion that no purpose would be served in serving a Default Notice, they may serve a Termination Notice. Any Termination Notice will take effect no earlier than twelve months from the date of the Termination Notice. Such discretion is only expected to be exercised in exceptional circumstances, such as a significant reduction in the Authority’s funding, or incidences of fraud, corruption or dishonesty. 9.6 Termination of this Agreement shall have no effect on the liability of either Party, Party to the payment of any sums arising under it, or any rights or remedies of either Party already accrued, prior to the date upon which termination takes effect.

Default and Termination of the Agreement. 9.1 8.1 If either Party consider party considers the other Party party to be in default of their obligations under this Agreement, Agreement they may notify the other Party party in writing of the reasons they consider it considers the other Party party to be in default. If appropriate, and if appropriate matters shall be considered by the Parties at a meeting of the Group. The Parties shall make all reasonable efforts to agree a joint plan of action to remedy the situation. 9.2 8.2 Where, despite any action taken in accordance with condition 9.18.1, a Party party still consider considers the other Party party to be in default, they may give that Party party notice specifying the default and the action to be taken to rectify it (“Default Notice”). The Default Notice shall state a period of time, being a reasonable period of time, in which the required action is to be taken and will accord with the requirements of paragraph 1.114.1. 9.3 8.3 If either Party party is in default of their obligations under this Agreement and fail fails to comply with a Default Notice, Notice the basis of the default will be referred by the Group back to the parent bodies, bodies – the Trust and the Authority, Authority – and either Party may give notice in writing, terminating this Agreement (“Termination Notice”). A Termination Notice shall take effect no earlier than six months from the date that any Default Notice that is served. 9.4 8.4 If Termination occurs, termination occurs the Parties undertake to remove all references to the other relating to this Agreement, agreement from their respective products, products signage and publicity. Notwithstanding this, the Trustees may continue to use the name “The New Forest Centre” in accordance with paragraph 6.15.1. 9.5 8.5 If a situation arises where either Party considerparty considers, in its absolute discretion, that no purpose would be served in serving a Default Notice, they may serve a Termination Notice. Any Termination Notice shall take effect, no earlier than six months from the date of the Termination Notice. Such discretion is only expected to be exercised in exceptional circumstances, such as a significant reduction in the Authority’s funding, or incidences of fraud, corruption or dishonesty. 9.6 8.6 Termination of this Agreement shall have no effect on the liability of either Partyparty, the payment of any sums arising under it, or any rights or remedies of either Party party already accrued, prior to the date upon which termination takes effect.