Termination by Breach. 16.1.1 If either the Buyer or the Seller should substantially breach the provisions of this Contract, which breach is not cured within sixty (60) days following receipt from the other party of notice of such breach, the other party may, at its sole discretion, immediately terminate this Contract by providing written notice of the party in breach. In addition, if there exist reasonable grounds to doubt either the Buyer’s or the Seller’s ability to perform its obligations under this Contract in full, then the other party shall have the right to demand assurances for adequate performance. If no such assurances are provided within sixty (60) days of the request, then the party demanding assurances may terminate this Contract on written notice to the other party.
Appears in 4 contracts
Samples: Purchase and Sale Contract (Fuelcell Energy Inc), Purchase and Sale Contract (Fuelcell Energy Inc), Purchase and Sale Contract (Fuelcell Energy Inc)
