Common use of TERM AND CANCELLATION Clause in Contracts

TERM AND CANCELLATION. 22.1 Notwithstanding the date of signature hereof, the Commencement Date if this Agreement is 02 September 2019 and the duration shall be for a thirty six (36) month period, expiring on 30 August 2022 unless: a) this Agreement is terminated by either Party in accordance with the provisions incorporated herein or in any schedules or annexures appended hereto, or otherwise in accordance with law or equity; or b) this Agreement is extended at Transnet’s option for a further period to be agreed by the Parties. 22.2 Notwithstanding clause 23 [Breach and Consequence of Termination], either Party may cancel this Agreement without cause by giving 30 [thirty] calendar days prior written notice thereof to the other Party, provided that in such instance, this Agreement will nevertheless be applicable in respect of all Purchase Orders which have been placed prior to the date of such cancellation.

TERM AND CANCELLATION. 22.1 Notwithstanding the date of signature hereof, the Commencement Date if this Agreement is 02 September 01 August 2019 and the duration shall be for a thirty six (36) month [3] year period, expiring on 30 August 2022 31 July 2022, unless: a) this Agreement is terminated by either Party in accordance with the provisions incorporated herein or in any schedules or annexures appended hereto, or otherwise in accordance with law or equity; or b) this Agreement is extended at Transnet’s option for a further period to be agreed by the Parties. 22.2 Notwithstanding clause 23 [Breach and Consequence of Termination], either Party may cancel this Agreement without cause by giving 30 [thirty] calendar days prior written notice thereof to the other Party, provided that in such instance, this Agreement will nevertheless be applicable in respect of all Purchase Orders which have been placed prior to the date of such cancellation.

TERM AND CANCELLATION. 22.1 21.1 Notwithstanding the date of signature hereof, the Commencement Date if this Agreement is 02 September 2019 TBA and the duration shall be for a thirty six (36) TWELVE [12] month period, expiring on 30 August 2022 TBA, unless: a) this Agreement is terminated by either Party in accordance with the provisions incorporated herein or in any schedules or annexures appended hereto, or otherwise in accordance with law or equity; or b) this Agreement is extended at Transnet’s option for a further period to be agreed by the Parties. 22.2 21.2 Notwithstanding clause 23 22 [Breach and Consequence of Termination], either Party may cancel this Agreement without cause by giving 30 [thirty] calendar days prior written notice thereof to the other Party, provided that in such instance, this Agreement will nevertheless be applicable in respect of all Purchase Orders which have been placed prior to the date of such cancellation.

TERM AND CANCELLATION. 22.1 21.1 Notwithstanding the date of signature hereof, the Commencement Date if this Agreement is 02 September 2019 TBA and the duration shall be for a thirty six (THIRTY SIX [36) ] month period, expiring on 30 August 2022 TBA, unless: a) this Agreement is terminated by either Party in accordance with the provisions incorporated herein or in any schedules or annexures appended hereto, or otherwise in accordance with law or equity; or b) this Agreement is extended at Transnet’s option for a further period to be agreed by the Parties. 22.2 21.2 Notwithstanding clause 23 22 [Breach and Consequence of Termination], either Party may cancel this Agreement without cause by giving 30 [thirty] calendar days prior written notice thereof to the other Party, provided that in such instance, this Agreement will nevertheless be applicable in respect of all Purchase Orders which have been placed prior to the date of such cancellation.