Common use of Termination by User Clause in Contracts

Termination by User. Subject to clause 14.5, the User may terminate this Agreement by written notice to DBCT Management as follows:- (a) if DBCT Management is in default in the due and punctual performance of an obligation to pay money under this Agreement and such default has not been remedied for a period of 30 days after the User has given to DBCT Management written notice specifying the default and requiring the default to be remedied; or (b) if DBCT Management is in default in the due and punctual performance of a material obligation under this Agreement (not being an obligation to pay money or a Delay) and such default has not been remedied or DBCT Management has not expeditiously commenced to remedy such default within a period of 60 days after the User has given to DBCT Management written notice specifying the default and requiring the default to be remedied.

Termination by User. Subject to clause 14.5, the User may terminate this Agreement by written notice to DBCT Management as follows:-follows: (a) if DBCT Management is in default in the due and punctual performance of an obligation to pay money under this Agreement and such default has not been remedied for a period of 30 days after the User has given to DBCT Management written notice specifying the default and requiring the default to be remedied; or (b) if DBCT Management is in default in the due and punctual performance of a material obligation under this Agreement (not being an obligation to pay money or a Delay) and such default has not been remedied or DBCT Management has not expeditiously commenced to remedy such default within a period of 60 days after the User has given to DBCT Management written notice specifying the default and requiring the default to be remedied.

Termination by User. Subject to clause 14.5, the User may terminate this Agreement by written notice to DBCT Management DBIM as follows:-follows: (a) if DBCT Management DBIM is in default in the due and punctual performance of an obligation to pay money under this Agreement and such default has not been remedied for a period of 30 days after the User has given to DBCT Management DBIM written notice specifying the default and requiring the default to be remedied; or (b) if DBCT Management DBIM is in default in the due and punctual performance of a material obligation under this Agreement (not being an obligation to pay money or a Delay) and such default has not been remedied or DBCT Management DBIM has not expeditiously commenced to remedy such default within a period of 60 days after the User has given to DBCT Management DBIM written notice specifying the default and requiring the default to be remedied.