Common use of Right to Terminate Immediately Clause in Contracts

Right to Terminate Immediately. 12.3.1 Notwithstanding anything to the contrary contained in this Agreement, a Party may terminate this Agreement immediately upon giving the Parties a written notice of termination explaining, in reasonable detail, the reason for termination upon occurrence of any of the following: (a) breach by a Party of Clause 19.2; (b) an event of Force Majeure has been continuing during more than sixty (60) days; (c) a Party had passed a resolution for winding-up (other than in order to amalgamate or reconstruct); (d) breach by the Contractor any of the confidentiality undertakings contained in Section XV. Confidentiality; (e) a Party is unable to pay its debts and has presented a petition for voluntary bankruptcy; (f) a Party had a bankruptcy order issued against it; (g) liquidation, insolvency or legal protection proceedings have been initiated with respect to a Party or a Party is declared insolvent; (h) the occurrence of any event analogous to the events enumerated under Clauses 12.3.1 (e) – (g) under the law of any jurisdiction to which a Party’s assets and undertaking are subject.

Right to Terminate Immediately. 12.3.1 (a) Notwithstanding anything to the contrary contained in this Agreement, a Party may terminate this Agreement immediately upon giving the Parties other Party a written notice of termination explaining, in reasonable detail, the reason for termination upon occurrence of any of the following: (ab) breach by a the other Party of Clause 19.217.3; (bc) an event of Force Majeure has been continuing during more than sixty ten (6010) days; (cd) a the other Party had passed a resolution for winding-up (other than in order to amalgamate or reconstruct); (de) breach by the Contractor Service Provider any of the confidentiality undertakings contained in Section XV. ConfidentialityXIII CONFIDENTIALITY; (ef) a the other Party is unable to pay its debts and has presented a petition for voluntary bankruptcy; (fg) a the other Party had a bankruptcy order issued against it; (gh) liquidation, insolvency or legal protection proceedings have been initiated with respect to a the other Party or a the other Party is declared insolvent; (hi) the occurrence of any event analogous to the events enumerated under Clauses 12.3.1 10.4 (e) – (g) under the law of any jurisdiction to which a the other Party’s assets and undertaking are subject.

Right to Terminate Immediately. 12.3.1 9.3.1. Notwithstanding anything to the contrary contained in this Agreement, a Party may terminate this Agreement immediately upon giving the Parties other Party a written notice of termination explaining, in reasonable detail, the reason for termination upon occurrence of any of the following: (a) breach by a the other Party of Clause 19.217.2; (b) an event of Force Majeure has been continuing during more than sixty (60) days; (c) a the other Party had passed a resolution for winding-up (other than in order to amalgamate or reconstruct); (d) breach by the Contractor any of the confidentiality undertakings contained in Section XVXIII. Confidentiality; (e) a the other Party is unable to pay its debts and has presented a petition for voluntary bankruptcy; (f) a the other Party had a bankruptcy order issued against it; (g) liquidation, insolvency or legal protection proceedings have been initiated with respect to a the other Party or a the other Party is declared insolvent; (h) the occurrence of any event analogous to the events enumerated under Clauses 12.3.1 9.3.1 (ee)-(g) – (g) under the law of any jurisdiction to which a Party’s assets and undertaking are subject.under