Procedure in Case of Termination. Upon the occurrence of an Event of Termination related to any of the Parties (the “Terminated Party”) the other Party (the “Terminating Party”) may, by notice sent to such effect to the Terminated Party, terminate this Agreement (the “Early Termination”) subject to the exception that, if any of the Events of Termination set forth in sub-paragraphs “(iii)”, “(iv)” and “(v)” of paragraph “A)” of Section 5.2 and “(ii)” of paragraph “B)” of Section 5.2. occurs, the Early Termination shall occur by operation of law as of the date of the occurrence or notice of any of such Events of Termination unless the Terminating Party expresses in writing, within fifteen (15) days after such Party becomes aware of the relevant Event of Termination, its intention to waive such Event of Termination and to continue the contractual relationship. The Terminating Party’s right to demand the Early Termination shall apply notwithstanding any other right to which such Party may be entitled under the applicable law as a result of the occurrence of the relevant Event of Termination, including the right to terminate the agreement or to demand its performance as and when due and the payment of damages suffered by the Terminating Party as a result of the Event of Termination. The above mentioned waiver shall be deemed made in connection with the specific Event of Termination involved and shall not be regarded as a waiver of any potential future Events of Termination.
Procedure in Case of Termination
