Common use of Right to extraordinary termination Clause in Contracts

Right to extraordinary termination. If the violation of a protected legal position or of an environmental requirement is judged by BayernInvest to be very serious, if the implementation of the measures developed in the concept mentioned under 5.1 does not provide a remedy in the view of BayernInvest after expiry of the time specified in the concept mentioned under 5.1, if BayernInvest has no other mitigating means at its disposal and if increasing its influence does not appear promising, BayernInvest is entitled to terminate the business relationship extraordinarily.

Right to extraordinary termination. If the violation of a protected legal position or of an environmental requirement is judged by BayernInvest BayernLB to be very serious, if the implementation of the measures developed in the concept mentioned under 5.1 does not provide a remedy in the view of BayernInvest BayernLB after expiry of the time specified in the concept mentioned under 5.1, if BayernInvest BayernLB has no other mitigating means at its disposal and if increasing its influence does not appear promising, BayernInvest BayernLB is entitled to terminate the business relationship extraordinarily.