Common use of TERMINATION AND EXIT MANAGEMENT Clause in Contracts

TERMINATION AND EXIT MANAGEMENT. CUSTOMER TERMINATION RIGHTS Termination in Relation to Guarantee Where the Supplier has procured a Call Off Guarantee pursuant to Clause 4 (Call Off Guarantee), the Customer may terminate this Call Off Contract by issuing a Termination Notice to the Supplier where: the Call Off Guarantor withdraws the Call Off Guarantee for any reason whatsoever; the Call Off Guarantor is in breach or anticipatory breach of the Call Off Guarantee; an Insolvency Event occurs in respect of the Call Off Guarantor; the Call Off Guarantee becomes invalid or unenforceable for any reason whatsoever and in each case the Call Off Guarantee (as applicable) is not replaced by an alternative guarantee agreement acceptable to the Customer.

TERMINATION AND EXIT MANAGEMENT. CUSTOMER TERMINATION RIGHTS Termination in Relation to Guarantee Where this Call Off Contract is conditional upon the Supplier has procured procuring a Call Off Guarantee pursuant to Clause 4 (Call Off Guarantee), the Customer may terminate this Call Off Contract by issuing a Termination Notice to the Supplier where: the Call Off Guarantor withdraws the Call Off Guarantee for any reason whatsoever; the Call Off Guarantor is in breach or anticipatory breach of the Call Off Guarantee; an Insolvency Event occurs in respect of the Call Off Guarantor; or the Call Off Guarantee becomes invalid or unenforceable for any reason whatsoever whatsoever, and in each case the Call Off Guarantee (as applicable) is not replaced by an alternative guarantee agreement acceptable to the Customer; or the Supplier fails to provide the documentation required by Clause 4.1 by the date so specified by the Customer.