Common use of Termination and Cure Period Clause in Contracts

Termination and Cure Period. In the event of a Shipper Default that is then continuing, the Carrier shall have the right to terminate this Agreement by giving thirty (30) days prior written notice of its intent to terminate to the Shipper; but if the Shipper Default is cured within such notice period, then termination will not be effective.

Termination and Cure Period. In the event of that a Shipper Default that has occurred and is then continuing, the Carrier shall have the right to terminate this Agreement by giving thirty (30) days prior written notice to the Shipper of its intent to terminate to the Shipperterminate; but provided however, if the Shipper Default is cured within such notice period, then such termination will shall not be effectiveeffective unless there have been more than two (2) Shipper Defaults, whether or not such Shipper Defaults have been cured, within any twelve (12) month period, in which case the termination shall be effective unless waived by the Carrier.

Termination and Cure Period. In the event of a Shipper Default that has occurred and is then continuing, the Carrier shall have the right to terminate this Agreement by giving thirty (30) days prior written notice to the Shipper of its intent to terminate to the Shipperterminate; but provided however, if the Shipper Default is cured within such notice period, then such termination will shall not be effectiveeffective unless there has been more than two (2) Shipper Defaults, whether or not such Shipper Defaults have been cured, within any twelve (12) month period, in which case the termination shall be effective unless waived by the Carrier.