Rescission of the Contract. 1. Each Party may rescind this Contract by a written notice addressed to the other Party. Such rescission shall become effective upon the service of such notice to the other Party. The reason for the rescission is a material breach of this Contract by the other Party or a repeated breach thereof if the other Party has already been notified of such breach and asked to duly fulfil the Contract and to remove any defective situation and has failed to do so even with a reasonable time limit provided to it additionally. This Contract may not be rescinded through EDI.
Rescission of the Contract. Either party hereto that intends to rescind the Contract must issue a notice to the other party sixty (60) days in advance, and may not rescind the Contract without the consent of the other party.
Rescission of the Contract. PEP may rescind this contract administratively, in the event that the CONTRACTOR breaches its obligations in the following cases:
Rescission of the Contract. The contract may be rescinded before its expiration date by either party by giving (days) written notice. In such a case, THE CONTRACTOR shall receive, with the prior agreement of THE CONTRACTING PARTY, payment for the service provided up to that point, and shall receive only the sum corresponding to the stage that has been completed.
Rescission of the Contract. (1) The contract can be early terminated - by both sides through a cancellation because of an important reason without an ad- herence to a time limit (§262 BGB), - through the student after agreement with the supervising lecturer as a consequence of considerable alterations of the occupational field as in §2 or as a consequence of alterations of the own studying or training goals within a time limit of 4 weeks
Rescission of the Contract. In the event of delay in acceptance of delivery (Item VII) or other important reasons, including but not limited to rejection of insolvency proceedings due to insufficient assets, delayed payment or occurrence of natural disasters, we are entitled to rescind the contract to the extent that it has not yet been fully fulfilled. In the event of a rescission of the contract and if the Customer is at fault, we have the choice of demanding lump sum compensation for damages in the amount of 15 % of the gross invoice amount or reimbursement of the damages actually incurred by this rescission and release from all agreed obligations to perform services or deliveries. We are entitled to withhold any still outstanding deliveries and services and to demand advance payments and / or guarantees or to rescind the contract after granting a reasonable grace period. If the Customer rescinds the contract or demands its rescission – without being entitled to do so – we have the choice of insisting on fulfilment of the contract or agreeing to its rescission. In the latter case, the Customer is obligated to pay at our discretion a lump sum compensation for damages in the amount of 15 % of the gross invoice amount or to reimburse the damages actually incurred by this rescission. Regarding services, the implementation of which com- mences as agreed within seven business days of conclusion of the contract, a rescission is not possible.
Rescission of the Contract. Both parties agree that if one party of this contract notices any breach(es) or a failure(s) to operate as agreed in the terms of this Contract, it must immediately be informed to the other party with a written notice from the non-breaching party. In the event of such breach, the party responsible is obligated to correct the reported failure(s) or breach(es) within 30 days. If this is not done within the duration of 30 days, the contract may be terminated immediately and without liability with a written notice from the non-breaching party.
Rescission of the Contract. In the event of anticipated rescission of the contract, for any reason, the consideration provided for by this contract shall be paid in proportion to the shorter period in which the contract is regularly valid, without prejudice to the University’s right to compensation for possible damages. This contract is subject to the payment of registry tax only in the event of its use as per art. 10, second part of the “Tariff” section attached to the Consolidated Tax Law, approved with D.P.R. 26 April 1986 no. 131. This contract is not subject to stamp duty in accordance with the ruling of the Inland Revenue – Regional Department of Xxxxx Xxxxxxx – Services and Consultancy Department – General Tax Office – of 11.6.2009, record no. 909-26727/2009. Stamp duty on debit notes is established as being the responsibility of the Service Supplier.
Rescission of the Contract. If a party to this contract essentially violates the terms of the contract, the other party shall have the right to rescind the contract. If the Client essentially violates the terms of the contract, instead of cancelling the contract, the Supplier shall have the right to halt the manufacturing process, material acquisitions etc. until it can be determined whether the breach of contract will lead to the contract being terminated. The Supplier shall have the right to rescind the contract if the Client is obviously insolvent or facing bankruptcy. Each of the contracting parties shall be entitled to rescind the contract if fulfilment of the contract becomes impossible or is significantly or by more than six (6) months delayed due to a force majeure. If the contract is terminated, the Client shall compensate the Supplier for the successfully completed part of the order/assignment on with the agreed charging grounds until the termination of the contract, or until the date when the work is completed, if work is to continue beyond the termination date. If the termination of the contract is due to the Client or a reason that is attributable to the Client, the Supplier shall be entitled to receive reasonable compensation for the costs and damages resulting from the termination of the contract.
Rescission of the Contract. The Lessor will be entitled to rescind this Contract and to bring the Tenancy Term to an end upon the occurrence of any of the following events:
