Common use of Principal’s Right to Terminate Immediately Clause in Contracts

Principal’s Right to Terminate Immediately. The Principal may terminate this Agreement immediately upon giving the other Party a written notice of termination explaining, in reasonable detail, the reason for termination, if: (a) CEF Co-financing for further financing of the Service are not available to the Principal fully or partly; In such a case, the Principal shall pay the Service Provider the fees in respect of the Service provided under this Agreement up to the date of the notification of the termination of this Agreement and the Principal is not obliged to pay contractual or any other penalty or damages to the Service Provider. (b) it is not possible to execute the Agreement due to the application of international or national sanctions, or European Union or North Atlantic Treaty Organization applied sanctions significantly affecting interests of financial or capital market.

Principal’s Right to Terminate Immediately. The Principal may terminate this Agreement immediately upon giving the other Party a written notice of termination explaining, in reasonable detail, the reason for termination, if: (a) CEF Co-financing for further financing of the Service Study are not available to the Principal fully or partly; In such a case, the Principal shall pay the Service Provider Contractor the fees in respect of the Service Study provided under this Agreement up to the date of the notification of the termination of this Agreement and the Principal is not obliged to pay contractual or any other penalty or damages Damages to the Service ProviderContractor. (b) it is not possible to execute the Agreement due to the application of international or national sanctions, or European Union or North Atlantic Treaty Organization applied sanctions significantly affecting interests of financial or capital market.

Principal’s Right to Terminate Immediately. The Principal may terminate this Agreement immediately upon giving the other Party a written notice of termination explaining, in reasonable detail, the reason for termination, if: (a) 8.4.1 CEF Co-financing for further financing of the Service are is not available to the Principal fully or partlyPrincipal; In such a case, the Principal shall pay the Service Provider the fees in respect of the Service provided under this Agreement up to the date of the notification of the termination of this Agreement and the Principal is not obliged to pay contractual or any other penalty or damages to the Service Provider. (b) 8.4.2 it is not possible to execute the Agreement due to the application of international or national sanctions, or European Union or North Atlantic Treaty Organization applied sanctions significantly affecting interests of financial or capital market.

Principal’s Right to Terminate Immediately. The Principal may terminate this Agreement immediately upon giving the other Party a written notice of termination explaining, in reasonable detail, the reason for termination, if: (a) CEF Co-financing for further financing of the Service Study are not available to the Principal fully or partly; Principal. In such a case, the Principal shall pay the Service Provider Contractor the fees in respect of the Service Study provided under this Agreement up to the date of the notification of the termination of this Agreement and the Principal is not obliged to pay contractual or any other penalty or damages to the Service Provider.Contractor; (b) it is not possible to execute the Agreement due to the application of international or national sanctions, or European Union or North Atlantic Treaty Organization applied sanctions significantly affecting interests of financial or capital market.

Principal’s Right to Terminate Immediately. The Principal may terminate this Agreement immediately upon giving the other Party a written notice of termination explaining, in reasonable detail, the reason for termination, if: (a) CEF Co-financing for further financing of the Service are Study is not available to the Principal Beneficiary fully or partly; In such a case, the Principal shall pay the Service Provider Contractor the fees in respect of the Service Study provided under this Agreement up to the date of the notification of the termination of this Agreement and the Principal is not obliged to pay contractual or any other penalty or damages Damages to the Service ProviderContractor. (b) it is not possible to execute the Agreement due to the application of international or national sanctions, or European Union or North Atlantic Treaty Organization applied sanctions significantly affecting interests of financial or capital market. (c) in case if the proposed time schedule described in Annex C: Schedule of Study is breached.

Principal’s Right to Terminate Immediately. The Principal may terminate this Agreement immediately upon giving the other Party a written notice of termination explaining, in reasonable detail, the reason for termination, if: (a) 8.4.1. CEF Co-financing for further financing of the Service are is not available to the Principal fully or partlyPrincipal; In such a case, the Principal shall pay the Service Provider the fees in respect of the Service provided under this Agreement up to the date of the notification of the termination of this Agreement and the Principal is not obliged to pay contractual or any other penalty or damages to the Service Provider. (b) 8.4.2. it is not possible to execute the Agreement due to the application of international or national sanctions, or European Union or North Atlantic Treaty Organization applied sanctions significantly affecting interests of financial or capital market.