Common use of Termination by XL Clause in Contracts

Termination by XL. XL may terminate this agreement (in whole or in part) without incurring liability to the Supplier: (a) subject to clause 25.4(a), on not less than 90 days prior written notice to the Supplier for any reason, such notice to take effect no earlier than 30 days after Final Acceptance of Release 1; (b) if a Change In Control of the Supplier occurs that results in the Supplier or any of the Supplier Group being controlled by: (i) a competitor of XL or the competitor’s parent company or its subsidiary company; or (ii) a company who conducts illegal business activities according to Indonesian laws and regulations, by giving written notice effective immediately; (c) if any Force Majeure Event affecting either Party continues for a period of not less than 30 days, by giving written notice effective immediately; or (d) as otherwise set out in this agreement.

Termination by XL. XL may terminate this agreement (in whole or in part) without incurring liability to the Supplier: (a) subject to clause 25.4(a14.4(a), on not less than 90 days prior written notice to the Supplier for any reason, such notice not to take effect no earlier than 30 days after Final Acceptance of Release 1; (b) if a Change In Control of the Supplier occurs that results in the Supplier or any of the Supplier Group being controlled by: (i) a competitor of XL or the competitor’s parent company or its subsidiary company; or (ii) a company who conducts illegal business activities according to Indonesian laws and regulations, ; by giving written notice effective immediately; (c) if any Force Majeure Event affecting either Party continues for a period of not less than 30 days, by giving written notice effective immediately; or (d) as otherwise set out the SSIA is terminated in this agreementaccordance with its terms.

Termination by XL. XL may terminate this agreement (in whole or in part) without incurring liability to the Supplier: (a) subject to clause 25.4(a13.4(a), on not less than 90 days prior written notice to the Supplier for any reason, such notice not to take effect no earlier than 30 days after Final Acceptance of Release 1; (b) if a Change In Control of the Supplier occurs that results in the Supplier or any of the Supplier Group being controlled by: (i) a competitor of XL or the competitor’s parent company or its subsidiary company; or (ii) a company who conducts illegal business activities according to Indonesian laws and regulations, by giving written notice effective immediately; (c) if any Force Majeure Event affecting either Party continues for a period of not less than 30 days, by giving written notice effective immediately; or (d) as otherwise set out if the SSIA is terminated in this agreementaccordance with its terms.