Common use of Notice of Termination of Agreement Clause in Contracts

Notice of Termination of Agreement. At its sole discretion, during the effectiveness of this Agreement RCR may terminate it at any time giving notice in writing to the Shareholders of the Offeror – applying what is provided in Numeral six point four of the sixth clause above - thirty days in advance, subject to its complying with its obligations that are detailed in the following fourteenth clause. In any event, if the Option is not exercised within the period of 48 months given in this Agreement, notwithstanding such notice is not sent, it will be understood that RCR has waived such exercise. Since the date of such notice, RCR will cease to have any obligation with respect to the Properties and payments to the Shareholders of the Offeror, with the exception of what is convened in the following fourteenth clause.

Notice of Termination of Agreement. At its sole discretion, during the effectiveness of this Agreement RCR may terminate it at any time giving notice in writing to the Shareholders of the Offeror – applying what is provided in Numeral six point four two of the sixth clause above - thirty days in advance, subject to its complying with its obligations that are detailed in the following fourteenth clause. In any event, if the Option is not exercised within the period of 48 months given in this Agreement, notwithstanding such notice is not sent, it will be understood that RCR has waived such exercise. Since the date of such notice, RCR will cease to have any obligation with respect to the Properties and payments to the Shareholders of the Offeror, with the exception of what is convened in the following fourteenth thirteenth clause.