Termination due to Event of Default. (a) Termination due to Parties Event of Default
Termination due to Event of Default. 22.1.Termination for Operator’s Event of Default
Termination due to Event of Default. 8.1.1 Either Party shall have a right to terminate this Agreement by giving to the other party, 30 (thirty) days written notice of termination (“Termination Notice”). Such termination shall be effective after the expiry of the date (30 days) of such notice (“Termination Date”).
Termination due to Event of Default. 21.6.1 Should an Event of Default not be cured within the timeframe permitted pursuant to Clause 21.5, the non-defaulting Party may terminate this Agreement by serving a Termination Notice on the defaulting Party specifying a date, which shall be between 30 and 45 days after the notice thereof to the defaulting Party, upon which this Agreement shall terminate.
Termination due to Event of Default. 14.2.1. In the event that BSCDCL believes that the Concessionaire is in material breach of its obligations under the RFP or the Contract, BSCDCL shall give notice to the Concessionaire and shall give up to 30 days’ time to it for curing such breach. In case the breach continues till / after the expiry of such cure period, BSCDCL will have the option to terminate the Agreement. Further, BSCDCL may afford a reasonable opportunity to the Concessionaire to explain the circumstances leading to such a breach and may increase the time limit for curing such breach before terminating the Agreement. Any notice served pursuant to this Clause shall give reasonable details of the breach.
Termination due to Event of Default. TERMINATION FOR CONCESSIONAIRE EVENT OF DEFAULT
Termination due to Event of Default. Termination due to Parties Event of Default Without prejudice to any other right or remedy under this Agreement, upon the occurrence of Event of Default, the Affected Party shall be entitled to terminate this Agreement by issuing a Preliminary Notice to other Party. Within 30 days of receipt of Preliminary Notice, the other Party shall forward to the Affected Party its proposal to remedy/ cure the underlying Event of Default (the "Proposal to Rectify”). In case of non-submission of the Proposal to Rectify by the other Party within the period stipulated therefor, the Affected Party shall be entitled to terminate this Agreement by issuing Termination Notice. If the Proposal to Rectify is forwarded by the other Party to the Affected Party within the period stipulated, the other Party shall have further period of 30 days to remedy/ cure the underlying Event of Default. If, however the other Party fails to remedy/ cure the underlying Event of Default within such further period allowed, the Affected Party shall be entitled to terminate this Agreement by issuing Termination Notice.
Termination due to Event of Default. (a) Termination for licensee Event of Default
Termination due to Event of Default. In case of Termination due to Event of Default by either Party, the defaulting Party shall be served with a Termination Notice of 30 days by the other Party for rectification of the default. If the defaulting Party fails to rectify the default, within the 30 days, the Agreement shall stand terminated on the 31st day without any further notice, subject to otherwise provided herein above in case of default in payment of Lease Rental amount
Termination due to Event of Default. The termination can result on account of Concessionaires event of default or on account of ACTSL’s event of default. Each party shall have the right to terminate the agreement in the event of default on the part of the other party.
