Common use of Termination and Amendments Clause in Contracts

Termination and Amendments. 9.1 This Agreement will terminate automatically and without notice on the earliest of a) 12 months from today’s date or b) when the Individual Facility is fully utilised. In case of the 12 months having passed, and the Individual Facility has not been fully utilized, the Lender will in its discretion decide whether to extend the term of the Agreement.

Termination and Amendments. 9.1 This Agreement will terminate automatically and without notice on the earliest of a) 12 months from today’s date or b) when the Individual Facility is fully utilised. In case of the 12 months having passed, and the Individual Facility has not been fully utilized, the Lender will in its discretion decide whether to extend the term of the Agreement.. HELLERUP 20 MARCH 2023