Common use of Termination for fault Clause in Contracts

Termination for fault. In the event of a serious breach or repeated breaches by one of the Parties of its obligations under the Contract, and without prejudice to the application of the penalties provided for under the Contract for said breaches, the other Party may terminate the Contract unilaterally with a date of effect thirty (30) calendar days from the last day of the month during which the termination notice was issued. The following shall, in particular, constitute a serious breach by the Shipper: o the loss, withdrawal or suspension, for any reason whatsoever, of the Shipper's authorisation to supply;