Common use of Termination by the Service Provider Clause in Contracts

Termination by the Service Provider. Without prejudice to the other rights or remedies it may have, the Service Provider may serve a notice in writing on TfL to terminate this Agreement with effect from thirty (30) Working Days of receipt by TfL of such notice if TfL fails to comply with any of its payment obligations hereunder relating to any undisputed sum in excess of £2,000,000 (two million pounds sterling) where payment has fallen due and payable and TfL fails to remedy such breach within ninety (90) calendar days after receipt of formal written notice from the Service Provider demanding payment.

Appears in 2 contracts

Samples: Services Agreement, Services Agreement

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Termination by the Service Provider. Without prejudice to the other rights or remedies it may have, the Service Provider may serve a notice in writing on TfL to terminate this Agreement with effect from thirty (30) Working Days of receipt by TfL of such notice if TfL fails to comply with any of its payment obligations hereunder relating to any undisputed sum in excess of £2,000,000 3,000,000 (two three million pounds sterling) where payment has fallen due and payable and TfL fails to remedy such breach within ninety (90) calendar days after receipt of formal written notice from the Service Provider demanding payment.

Appears in 2 contracts

Samples: Services Agreement, Services Agreement

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Termination by the Service Provider. Without prejudice to the other rights or remedies it may have, the Service Provider may serve a notice in writing on TfL to terminate this Agreement with effect from thirty (30) Working Days of receipt by TfL of such notice if TfL fails to comply with any of its payment obligations hereunder relating to any undisputed sum Service Charges in excess of one million, three hundred thousand pounds sterling (£2,000,000 (two million pounds sterling) 1,3 , ), where payment has fallen due and payable and TfL fails to remedy such breach within ninety (90) calendar days after receipt of formal written notice from the Service Provider demanding payment.

Appears in 1 contract

Samples: Services Agreement

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