TERMINATION BY CONCESSIONAIRE. 14.3.1. Concessionaire may terminate its performance under this Agreement only in the event of default by the City and a failure by the City to cure such default after receiving notice thereof, all as provided in this Section. Default by the City shall occur if the City fails to observe or perform any of its material duties under this Agreement. Should such a default occur, Concessionaire may deliver a written notice to the Director describing such default and the proposed date of termination. Such date may not be sooner than the 30th day following receipt of the notice. Concessionaire, in its reasonable judgment, may extend the proposed date of termination to a later date if the nature of the default requires more than 30 days to cure. If prior to the proposed date of termination, the City cures such default, then the proposed termination shall be ineffective. If the City fails to cure such default prior to the proposed date of termination, then Concessionaire may terminate its performance under this Agreement as of such date.
TERMINATION BY CONCESSIONAIRE. Concessionaire may terminate its performance under this Agreement only in the event of default by the City and a failure by the City to cure such default after receiving notice thereof, all as provided in this Section. Default by the City shall occur if the City fails to observe or perform any of its material duties under this Agreement. Should such a default occur, Concessionaire may deliver a written notice to the Director describing such default and the proposed date of termination. Such date may not be sooner than the 30th day following receipt of the notice. Concessionaire, in its reasonable judgment, may extend the proposed date of termination to a later date if the nature of the default requires more than 30 days to cure. If prior to the proposed date of termination, the City cures such default, then the proposed termination shall be ineffective. If the City fails to cure such default prior to the proposed date of termination, then Concessionaire may terminate its performance under this Agreement as of such date. In addition, this Agreement may be canceled or terminated by Concessionaire by giving a 30 day written notice to Director upon the occurrence of one or more of the following events specified below: The lawful assumption by the United States government, or any authorized agency thereof, of the operation, control or use of the Airport, or any substantial part thereof, in such manner as to materially restrict Concessionaire from operating thereon for a period of at least 90 consecutive days; The complete destruction of one-third (1/3) or more of the Concession Facilities from a cause other than the negligence or omission-to-act of Concessionaire, its Subcontractors, agents or employees, and the subsequent failure of City to repair or reconstruct said Facilities within 12 months after such destruction; or Any exercise of authority by the federal government which shall so interfere with Concessionaire's use and enjoyment of the Concession Facilities as to constitute a termination, in whole or in part, of this Agreement by operation of law in accordance with the laws of the United States.
TERMINATION BY CONCESSIONAIRE. 14.1 In addition to other remedies available to the Concessionaire, this Agreement shall be subject to termination by the Concessionaire, as set forth below, should any one or more of the following events (hereinafter, “County Default”) occur:
TERMINATION BY CONCESSIONAIRE. Subject to the remaining provisions of this clause 58, the Concessionaire shall, without prejudice to its other rights or remedies in terms hereof or at law, be entitled to forthwith terminate this Contract on written notice to such effect to the Council and the Lenders should any of the following events occur - the Council breaches a material provision of this Contract (including, but not limited, to the non payment of any amount due to the Concessionaire in terms hereof or a breach by the Council of any warranty given by it in terms of this Contract) and fails to remedy same within 60 (sixty) calendar days after receipt of a written notice from the Concessionaire a copy of which notice the Concessionaire shall send to the Lenders requiring such breach to be remedied; any compulsory acquisition or expropriation by any Competent Authority of a material part of the Works, or other rights necessary for the Supply of Water Services or operation of the Contract; the Concessionaire and/or the Operator or any share in or claim against the Concessionaire and/or the Operator is nationalised or expropriated by any Competent Authority; the business of the Concessionaire and/or the Operator is nationalised or expropriated by any Competent Authority; and/or Ministry or any other Competent Authority unlawfully withdraws, revokes or materially varies any permit, licence, consent or other authority necessary for the Concessionaire and/or the Operator to undertake the supply of Water Services; the failure to address adequately the consequences suffered by the Concessionaire on the occurrence of Material Adverse Governmental Action as envisaged in 56. Upon any termination of the Contract by the Concessionaire, the Council shall pay to the Lenders all sums outstanding under the Financing Agreements and all hedging agreements concluded between the Lenders and third Parties as at the date of payment thereof (including breakage costs), unless the Council and the Lenders reach agreement in writing that the Council is to assume the payment and other relevant obligations of the Concessionaire under such Financing Agreements. Upon termination of the Contract by the Concessionaire the Council shall pay to the Concessionaire - an amount equal to all Equity contributed to the Concessionaire by the shareholders of the Concessionaire ; and an amount required to attain the premise and basis of the Financial Base Case in respect of the period that has elapsed between the Effective Date a...
TERMINATION BY CONCESSIONAIRE. Concessionaire may terminate this agreement at any time after July 31, 2017, by giving thirty (30) days notice to City of Concessionaire’s intention to terminate. If Concessionaire terminates this agreement prior to July 31, 2017, Concessionaire shall forfeit the deposit that secures Concessionaire’s performance as described in Section 26.
TERMINATION BY CONCESSIONAIRE. This Agreement shall be subject to cancellation by the Concessionaire should any one or more of the following events occur:
TERMINATION BY CONCESSIONAIRE. Should CITY fail to perform any of the covenants or requirements, on its part to be kept hereunder, CONCESSIONAIRE shall give written notice thereof to CITY, specifying those acts or things which must occur in order to cure the default. The default notice shall specify a reasonable period of time within which to cure the default. Should the default remain, after expiration of the time granted to cure the same, CONCESSIONAIRE may immediately terminate this Concession Agreement by giving CITY written notice of termination.
TERMINATION BY CONCESSIONAIRE. 37 ARTICLE 38 COVENANT OF NON-SUBORDINATION................................................................. 38
TERMINATION BY CONCESSIONAIRE. CONCESSIONAIRE shall have the right upon thirty (30) calendar days from receipt of written notice by certified or registered mail to CITY to terminate this Concession Agreement at any time after the occurrence of one or more of the following events:
TERMINATION BY CONCESSIONAIRE. 13.01 Employment Discrimination 19 13.02 Nondiscriminatory Access to Service 20 13.03 Breach of Nondiscrimination Covenants 20 13.04 Affirmative Action and Disadvantaged Business Enterprise Programs 20 (AD-2) 3 ARTICLE 14 RULES, REGULATIONS AND PERMITS
