Common use of Permissive Termination Clause in Contracts

Permissive Termination. A Party (the “Terminating Party”) shall have the option to terminate this Agreement upon the occurrence of any one or more of the events listed in section 2.7(a) (an “Event of Default”) in relation to the other Party (the “Defaulting Party”). Where an Event of Default has occurred, the Terminating Party may give notice to the Defaulting Party, in accordance with section 7.7, setting out the details of the Event of Default. Subject to section 2.7(c), where such notice has been given, this Agreement shall terminate:

Appears in 4 contracts

Samples: Service Agreement, Service Agreement, Service Agreement

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Permissive Termination. A Party (the “Terminating Party”) shall have the option to terminate this Agreement upon the occurrence of any one or more of the events listed in section 2.7(a) 2.7.1 (an “Event of Default”) in relation to the other Party (the “Defaulting Party”). Where an Event of Default has occurred, the Terminating Party may give notice to the Defaulting Party, in accordance with section 7.7, setting out the details of the Event of Default. Subject to section 2.7(c)2.7.3, where such notice has been given, this Agreement shall terminate:

Appears in 2 contracts

Samples: www.enbridgegas.com, www.enbridgegas.com

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Permissive Termination. A Party (the “Terminating Party”) shall have the option to terminate this Agreement upon the uponthe occurrence of any one or more of the events listed in section 2.7(a) (an “Event of Default”) in relation to the other Party (the “Defaulting Party”). Where an Event of Default has occurred, the Terminating Party may give notice to the Defaulting Party, in accordance with section 7.7, setting out the details of the Event of Default. Subject to section 2.7(c), where such notice has been hasbeen given, this Agreement shall terminate:

Appears in 1 contract

Samples: Service Agreement

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