Common use of Right to Terminate Following Event of Default Clause in Contracts

Right to Terminate Following Event of Default. If at any time an Event of Default with respect to a party (the “Defaulting Party”) has occurred and is then continuing, the other party (the “Non-Defaulting Party”) may terminate this Agreement, by providing the Defaulting Party with at least 30 days’ notice. No termination of this Agreement shall, however, relieve any party of the obligation to pay any other party any sums due such other party under this Agreement.

Right to Terminate Following Event of Default. If at any time an Event of Default with respect to a party Party (the “Defaulting Party”) has occurred and is then continuing, the other party Party (the “Non-Defaulting Party”) may terminate this Agreement, by providing the Defaulting Party with at least 30 3 days’ notice; provided, however, that Client may terminate this Agreement immediately upon notice to CARGILL DIRECT upon any breach of the Risk Management Plan. No termination of this Agreement shall, however, relieve any party either Party of the obligation to pay any the other party Party any sums due such the other party Party under this Agreement.

Right to Terminate Following Event of Default. If at any time an Event of Default with respect to a party (the “Defaulting Party”) has occurred and is then continuing, the other party (the “Non-Defaulting Party”) may terminate this Agreement, by providing the Defaulting Party with at least 30 days’ notice. No termination of this Agreement shall, however, relieve any either party of the obligation to pay any the other party any sums due such the other party under this Agreement.