Common use of Termination Notice for Force Majeure Event Clause in Contracts

Termination Notice for Force Majeure Event. 21.7.1 If a Force Majeure Event subsists for a period of 60 (sixty) days or more within a continuous period of 120 (one hundred and twenty) days, either Party may in its discretion terminate this Agreement by issuing a Termination Notice to the other Party without being liable in any manner whatsoever, save as provided in this Article 21, and upon issue of such Termination Notice, this Agreement shall, notwithstanding anything to the contrary contained herein, stand terminated forthwith; provided that before issuing such Termination Notice, the Party intending to issue the Termination Notice shall inform the other Party of such intention and grant 15 (fifteen) days time to make a representation, and may after the expiry of such 15 (fifteen) days period, whether or not it is in receipt of such representation, in its sole discretion issue the Termination Notice.

Appears in 28 contracts

Samples: Draft Contract Agreement, Draft Contract Agreement (Dca), Draft Contract Agreement

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Termination Notice for Force Majeure Event. 21.7.1 If a Force Majeure Event subsists for a period of 60 180 (sixtyone hundred and eighty) days or more within a continuous period of 120 365 (one three hundred and twentysixty five) days, either Party may in its discretion terminate this Agreement by issuing a Termination Notice to the other Party without being liable in any manner whatsoever, save as provided in this Article 2134, and upon issue of such Termination Notice, this Agreement shall, notwithstanding anything to the contrary contained herein, stand terminated forthwith; provided that before issuing such Termination Notice, the Party intending to issue the Termination Notice shall inform the other Party of such intention and grant 15 (fifteen) days time to make a representation, and may after the expiry of such 15 (fifteen) days period, whether or not it is in receipt of such representation, in its sole discretion issue the Termination Notice.

Appears in 26 contracts

Samples: Concession Agreement, Concession Agreement, Concession Agreement

Termination Notice for Force Majeure Event. 21.7.1 If a Force Majeure Event subsists for a period of 60 180 (sixtyone hundred and eighty) days or more within a continuous period of 120 365 (one three hundred and twentysixty five) days, either Party may in its discretion terminate this Agreement by issuing a Termination Notice to the other Party without being liable in any manner whatsoever, save as provided in this Article 2130, and upon issue of such Termination Notice, this Agreement shall, notwithstanding anything to the contrary contained herein, stand terminated forthwith; provided that before issuing such Termination Notice, the Party intending to issue the Termination Notice shall inform the other Party of such intention and grant 15 (fifteen) days time to make a representation, and may after the expiry of such 15 (fifteen) days period, whether or not it is in receipt of such representation, in its sole discretion issue the Termination Notice.

Appears in 17 contracts

Samples: Concession Agreement, Concession Agreement, Concession Agreement

Termination Notice for Force Majeure Event. 21.7.1 If a Force Majeure Event subsists for a period of 60 180 (sixtyone hundred and eighty) days or more within a continuous period of 120 365 (one three hundred and twentysixty five) days, either Party may in its discretion terminate this Agreement by issuing a Termination Notice to the other Party without being liable in any manner whatsoever, save as provided in this Article 2111, and upon issue of such Termination Notice, this Agreement shall, notwithstanding anything to the contrary contained herein, stand terminated forthwith; provided that before issuing such Termination Notice, the Party intending to issue the Termination Notice shall inform the other Party of such intention and grant 15 (fifteen) days time to make a representation, and may after the expiry of such 15 (fifteen) days period, whether or not it is in receipt of such representation, in its sole discretion issue the Termination Notice.

Appears in 13 contracts

Samples: Concession Agreement, Concession Agreement, Concession Agreement

Termination Notice for Force Majeure Event. 21.7.1 If a Force Majeure Event subsists for a period of 60 180 (sixtyone hundred and eighty) days or more within a continuous period of 120 365 (one three hundred and twentysixty five) days, either Party may in its discretion terminate this Agreement by issuing a Termination Notice to the other Party without being liable in any manner whatsoever, save as provided in this Article 2117, and upon issue of such Termination Notice, this Agreement shall, notwithstanding anything to the contrary contained herein, stand terminated forthwith; provided that before issuing such Termination Notice, the Party intending to issue the Termination Notice shall inform the other Party of such intention and grant 15 (fifteen) days time to make a representation, and may after the expiry of such 15 (fifteen) days period, whether or not it is in receipt of such representation, in its sole discretion issue the Termination Notice.

Appears in 11 contracts

Samples: Procurement Agreement, Procurement Agreement, Power Purchase Agreement

Termination Notice for Force Majeure Event. 21.7.1 from If a Force Majeure Event subsists for a period of 60 180 (sixtyone hundred and eighty) days or more within a continuous period of 120 365 (one three hundred and twentysixty five) days, either Party may in its discretion terminate this Agreement by issuing a Termination Notice to the other Party without being liable in any manner whatsoever, save as provided in this Article 2134, and upon issue of such Termination Notice, this Agreement shall, notwithstanding anything to the contrary contained herein, stand terminated forthwith; provided that before issuing such Termination Notice, the Party intending to issue the Termination Notice shall inform the other Party of such intention and grant 15 (fifteen) days time to make a representation, and may after the expiry of such 15 (fifteen) days period, whether or not it is in receipt of such representation, in its sole discretion issue the Termination Notice.

Appears in 10 contracts

Samples: Concession Agreement, Concession Agreement, Concession Agreement

Termination Notice for Force Majeure Event. 21.7.1 If a Force Majeure Event subsists for a period of 60 180 (sixtyone hundred and eighty) days or more within a continuous period of 120 365 (one three hundred and twenty) dayssixty five)days, either Party may in its discretion terminate this Agreement by issuing a Termination Notice to the other Party without being liable in any manner whatsoever, save as provided in this Article 2128, and upon issue of such Termination Notice, this Agreement shall, notwithstanding anything to the contrary contained herein, stand terminated forthwith; provided that before issuing such Termination Notice, the Party intending to issue the Termination Notice shall inform the other Party of such intention and grant 15 (fifteen) days day’s time to make a representation, and may after the expiry of such 15 (fifteen) days period, whether or not it is in receipt of such representation, in its sole discretion issue the Termination Notice.

Appears in 7 contracts

Samples: Concession Agreement, Concession Agreement, Concession Agreement

Termination Notice for Force Majeure Event. 21.7.1 If a Force Majeure Event subsists for a period of 60 (sixty) days or more within a continuous period of 120 (one hundred and twenty) days, either Party may in its discretion terminate this Agreement by issuing a Termination Notice to the other Party without being liable in any manner whatsoever, save as provided in this Article 21, and upon issue of such Termination Notice, this Agreement shall, notwithstanding anything to the contrary contained herein, stand terminated forthwith; provided that before issuing such Termination Notice, the Party intending to issue the Termination Notice shall inform the other Party of such intention and grant 15 (fifteen) days days’ time to make a representation, and may after the expiry of such 15 (fifteen) days period, whether or not it is in receipt of such representation, in its sole discretion issue the Termination Notice.

Appears in 7 contracts

Samples: Contract Agreement, Contract Agreement, Contract Agreement

Termination Notice for Force Majeure Event. 21.7.1 If a Force Majeure Event subsists for a period of 60 (sixty) days or more within a continuous period of 120 (one hundred and twenty) days, either Party may in its discretion terminate this Agreement by issuing a Termination Notice to the other Party without being liable in any manner whatsoever, save as provided in this Article 2119, and upon issue of such Termination Notice, this Agreement shall, notwithstanding anything to the contrary contained herein, stand terminated forthwith; provided that before issuing such Termination Notice, the Party intending to issue the Termination Notice shall inform the other Party of such intention and grant 15 (fifteen) days time to make a representation, and may after the expiry of such 15 (fifteen) days period, whether or not it is in receipt of such representation, in its sole discretion issue the Termination Notice.

Appears in 7 contracts

Samples: Engineering, Procurement and Construction (Epc) Agreement, Epc Agreement, Epc Agreement

Termination Notice for Force Majeure Event. 21.7.1 If a Force Majeure Event subsists for a period of 60 one hundred and eighty (sixty180) days day or more within a continuous period of 120 (one three hundred and twentysixty five (365) days, either Party may in its discretion terminate this Agreement by issuing a Termination Notice to the other Party without being liable in any manner whatsoever, save as provided in this Article 2114, and upon issue of such Termination Notice, this Agreement shall, notwithstanding anything to the contrary contained herein, stand terminated forthwith; provided that before issuing such Termination Notice, the Party intending to issue the Termination Notice shall inform the other Party of such intention and grant 15 fifteen (fifteen15) days time to make a representation, and may after the expiry of such 15 fifteen (fifteen15) days period, whether or not it is in receipt of such representation, in its sole discretion issue the Termination Notice.

Appears in 4 contracts

Samples: Concession Agreement, Concession Agreement, Concession Agreement

Termination Notice for Force Majeure Event. 21.7.1 If a Force Majeure Event subsists for a period of 60 180 (sixtyone hundred and eighty) days or more within a continuous period of 120 365 (one three hundred and twentysixty five) daysdays occurring prior to COD, either Party may in its discretion terminate this Agreement by issuing a Termination Notice to the other Party without being liable in any manner whatsoever, save as provided in this Article 2122, and upon issue of such Termination Notice, this Agreement shall, notwithstanding anything to the contrary contained herein, stand terminated forthwith; provided that before issuing such Termination Notice, the Party intending to issue the Termination Notice shall inform the other Party of such intention and grant 15 (fifteen) days days’ time to make a representation, and may after the expiry of such 15 (fifteen) days period, whether or not it is in receipt of such representation, in its sole discretion issue the Termination Notice.

Appears in 3 contracts

Samples: Development, Operation and Maintenance Agreement, Development, Operation and Maintenance Agreement, Development, Operation and Maintenance Agreement

Termination Notice for Force Majeure Event. 21.7.1 If a Force Majeure Event subsists for a period of 60 [180 (sixty) one hundred and eighty)] days or more within a continuous period of 120 [365 (one three hundred and twenty) sixty five)] days, either Party may in its discretion terminate this Agreement by issuing a Termination Notice to the other Party without being liable in any manner whatsoever, save as provided in this Article 21, and upon issue of such Termination Notice, this Agreement shall, notwithstanding anything to the contrary contained herein, stand terminated forthwith; provided that before issuing such Termination Notice, the Party intending to issue the Termination Notice shall inform the other Party of such intention and grant [15 (fifteen) days )] days’ time to the other Party to make a representation, representation and may after the expiry of such [15 (fifteen) days )] day period, whether or not it is in receipt of such representation, in its sole discretion issue the Termination Notice.

Appears in 3 contracts

Samples: Concession Agreement, Concession Agreement, Concession Agreement

Termination Notice for Force Majeure Event. 21.7.1 If a Force Majeure Event subsists for a period of 60 [180 (sixty) one hundred and eighty)] days or more within a continuous period of 120 [365 (one three hundred and twenty) sixty five)] days, either Party may in its discretion terminate this Agreement by issuing a Termination Notice to the other Party without being liable in any manner whatsoever, save as provided in this Article 21, and upon issue of such Termination Notice, this Agreement shall, notwithstanding anything to the contrary contained herein, stand terminated forthwith; provided that before issuing such Termination Notice, the Party intending to issue the Termination Notice shall inform the other Party of such intention and grant 15 [30 (fifteen) days thirty)] days' time to the other Party to make a representation, representation and may after the expiry of such 15 [30 (fifteen) days thirty)] day period, whether or not it is in receipt of such representation, in its sole discretion issue the Termination Notice.

Appears in 2 contracts

Samples: Operation & Maintenance Agreement, Operation & Maintenance Agreement

Termination Notice for Force Majeure Event. 21.7.1 If a Force Majeure Event subsists for a period of 60 180 (sixtyone hundred and eighty) days or more within a continuous period of 120 365 (one three hundred and twentysixty five) days, either Party may in its discretion terminate this Agreement by issuing a Termination Notice to the other Party without being liable in any manner whatsoever, save as provided in this Article 2131, and upon issue of such Termination Notice, this Agreement shall, notwithstanding anything to the contrary contained herein, stand terminated forthwith; provided that before issuing such Termination Notice, the Party intending to issue the Termination Notice shall inform the other Party of such intention in writing and grant 15 (fifteen) days days' time to make a representation, and may after the expiry of such 15 (fifteen) days periodperiod from the date of such notification, whether or not it is in receipt of such representation, in its sole discretion issue the Termination Notice.

Appears in 2 contracts

Samples: Concession Agreement, Concession Agreement

Termination Notice for Force Majeure Event. 21.7.1 If a Force Majeure Event subsists for a period of 60 90 (sixtyninety) days or more within a continuous period of 120 365 (one three hundred and twentysixty five) days, either Party may in its discretion terminate this Agreement by issuing a Termination Notice to the other Party without being liable in any manner whatsoever, save as provided in this Article 21Agreement, and upon issue of such Termination Notice, this Agreement shall, notwithstanding anything to the contrary contained herein, stand terminated forthwith; provided that before issuing such Termination Notice, the Party intending to issue the Termination Notice shall inform the other Party of such intention and grant 15 (fifteen) days days’ time to make a representation, and may after the expiry of such 15 (fifteen) days period, whether or not it is in receipt of such representation, in its sole discretion issue the Termination Notice.

Appears in 2 contracts

Samples: Development Agreement, Development Agreement

Termination Notice for Force Majeure Event. 21.7.1 19.7.1 If a Force Majeure Event subsists for a period of 60 (sixty) 30 days or more within a continuous period of 120 (one hundred and twenty) days, either Party may in its discretion terminate this Contract Agreement by issuing a Termination Notice to the other Party without being liable in any manner whatsoever, save as provided in this Article 2119, and upon issue of such Termination Notice, this Contract Agreement shall, notwithstanding anything to the contrary contained herein, stand terminated forthwith; provided that before issuing such Termination Notice, the Party intending to issue the Termination Notice shall inform the other Party of such intention and grant 15 (fifteen) days days’ time to make a representation, and may after the expiry of such 15 (fifteen) days days’ period, whether or not it is in receipt of such representation, in its sole discretion issue the Termination Notice.

Appears in 2 contracts

Samples: Draft Contract Agreement, Contract Agreement

Termination Notice for Force Majeure Event. 21.7.1 If a Force Majeure Event subsists for a period of 60 45 (sixtyforty five) days or more within a continuous period of 120 90 (one hundred and twentyNinety) days, either Party may in its discretion terminate this Agreement by issuing a Termination termination Notice to the other Party without being liable in any manner whatsoever, save as provided in this Article 218, and upon issue of such Termination Notice, this Agreement shall, notwithstanding anything to the contrary contained herein, stand terminated forthwith; provided that before issuing such Termination Notice, the Party intending to issue the Termination termination Notice shall inform the other Party of such intention and grant 15 7 (fifteenseven) days time to make a representation, and may after the expiry of such 15 7 (fifteenseven) days period, whether or not it is in receipt of ;such representation, in its sole discretion issue the Termination Notice.

Appears in 2 contracts

Samples: Lease Agreement, Licence Agreement

Termination Notice for Force Majeure Event. 21.7.1 14.7.1 If a Force Majeure Event subsists for a period of 60 (( sixty) days or more within a continuous period of 120 (( one hundred and twenty) days, either Party may in its discretion terminate this Agreement by issuing a Termination Notice to the other Party without being liable in any manner whatsoever, save as provided in this Article 2114, and upon issue of such Termination Notice, this Agreement shall, notwithstanding anything to the contrary contained herein, stand terminated forthwith; provided that before issuing such Termination Notice, the Party intending to issue the Termination Notice shall inform the other Party of such intention and grant 15 (fifteen) days time to make a representation, and may after the expiry of such 15 (fifteen) days period, whether or not it is in receipt of such representation, in its sole discretion issue the Termination Notice.

Appears in 1 contract

Samples: Epc Agreement

Termination Notice for Force Majeure Event. 21.7.1 If a Force Majeure Event subsists for a period of 60 [180 (sixty) one hundred and eighty)] days or more within a continuous period of 120 [365 (one three hundred and twenty) sixty five)] days, either Party may in its discretion terminate this Agreement by issuing a Termination Notice to the other Party without being liable in any manner whatsoever, save as s provided in this Article 2129, and upon issue of such Termination Notice, this Agreement shall, notwithstanding anything to the contrary contained herein, stand terminated forthwith; provided that before issuing such Termination Notice, the Party intending to issue the Termination Notice shall inform the other Party of such intention and grant [15 (fifteen) days time to make a representation, and may after the expiry of such 15 (fifteen) days period)] days, whether or not it is in receipt of such representation, in its sole discretion issue the Termination Notice.

Appears in 1 contract

Samples: Contract Agreement

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Termination Notice for Force Majeure Event. 21.7.1 If a Force Majeure Event subsists for a period of 60 (sixty) days or more within a continuous period of 120 (one hundred and twenty) days, either Party may in its discretion terminate this Agreement by issuing a Termination Notice to the other Party without being liable in any manner whatsoever, save as provided in this Article 2122, and upon issue of such Termination Notice, this Agreement shall, notwithstanding anything to the contrary contained herein, stand terminated forthwith; provided that before issuing such Termination Notice, the Party intending to issue the Termination Notice shall inform the other Party of such intention and grant 15 (fifteen) days time to make a representation, and may after the expiry of such 15 (fifteen) days period, whether or not it is in receipt of such representation, in its sole discretion issue the Termination Notice.

Appears in 1 contract

Samples: Concession Agreement

Termination Notice for Force Majeure Event. 21.7.1 21.8.1 If a Force Majeure Event subsists for a period of 60 (sixty) days or more within than a continuous period of 60 days or for a total/cumulative time period of more than 120 (one hundred and twenty) daysdays during the contract period, either Party may in its discretion terminate this Agreement by issuing a Termination Notice to the other Party without being liable in any manner whatsoever, save as provided in this Article 21, and upon issue of such Termination Notice, this Agreement shall, notwithstanding anything to the contrary contained herein, stand terminated forthwith; provided that before issuing such Termination Notice, the Party intending to issue the Termination Notice shall inform the other Party of such intention and grant 15 (fifteen) days days’ time to make a representation, and may after the expiry of such 15 (fifteen) days period, whether or not it is in receipt of such representation, in its sole discretion issue the Termination Notice.

Appears in 1 contract

Samples: Service Agreement

Termination Notice for Force Majeure Event. 21.7.1 If a Force Majeure Event subsists for a period of 60 180 (sixtyone hundred and eighty) days or more within a continuous period of 120 365 (one three hundred and twentysixty five ) days, either Party may in its discretion terminate this Agreement by issuing a Termination Notice to the other Party without being liable in any manner whatsoever, whatsoever save as provided in this Article 2134, and upon issue of such Termination Notice, this Agreement shall, shall notwithstanding anything to the contrary contained herein, stand terminated forthwith; Terminated forthwith provided that before issuing such Termination Notice, the Party party intending to issue the Termination Notice shall inform the other Party of such intention and grant 15 (fifteen) days time to make a representation, representation and may after the expiry of such 15 (fifteen) days period, whether or not it is in receipt of such representation, in its sole discretion issue the Termination Notice.

Appears in 1 contract

Samples: Concession Agreement

Termination Notice for Force Majeure Event. 21.7.1 If a Force Majeure Event subsists for a period of 60 120 (sixtyone hundred and twenty) days or more within a continuous period of 120 365 (one three hundred and twentysixty five) days, either Party may in its discretion terminate this Agreement by issuing a Termination Notice to the other Party without being liable in any manner whatsoever, whatsoever save as provided in this Article 2127, and upon issue of such Termination Notice, this Agreement shall, notwithstanding anything to the contrary contained herein, stand terminated forthwith; provided that before issuing such Termination Notice, the Party intending to issue the Termination Notice shall inform the other Party of such intention and grant 15 (fifteen) days days’ time to make a representation, and may after the expiry of such 15 (fifteen) days period, whether or not it is in receipt of such representation, in its sole discretion issue the Termination Notice.

Appears in 1 contract

Samples: Concession Agreement

Termination Notice for Force Majeure Event. 21.7.1 If a Force Majeure Event subsists for a period of 60 (sixty) days or more within a continuous period of 120 (one hundred and twenty) days, either Party may in its discretion terminate this Agreement by issuing a Termination Notice to the other Party without being liable in any manner whatsoever, save as provided in this Article 21, and upon issue of such Termination Notice, this Agreement shall, notwithstanding anything to the contrary contained herein, stand terminated forthwith; provided that before issuing such Termination Notice, the Party intending to issue the Termination Notice shall inform the other Party of such intention and grant 15 (fifteen) days days’ time to make a representation, and may after the expiry of such 15 (fifteen) days period, whether or not it is in receipt of such representation, in its sole discretion issue the Termination Notice.

Appears in 1 contract

Samples: Demonstration Agreement

Termination Notice for Force Majeure Event. 21.7.1 If a Force Majeure Event subsists for a period of 60 180 (sixtyone hundred and eighty) days or more within a continuous period of 120 365 (one three hundred and twentysixty five ) days, either Party may in its discretion terminate this Agreement by issuing a Termination Notice to the other Party without being liable in any manner whatsoever, whatsoever save as provided in this Article 2134, and upon issue of such Termination Notice, this Agreement shall, agreement shall notwithstanding anything to the contrary contained herein, stand terminated forthwith; forthwith provided that before issuing such Termination Notice, the Party intending to issue the Termination Notice shall inform the other Party of such intention and grant 15 (fifteen15(fifteen) days time to make a representation, representation and may after the expiry of such 15 (fifteen) days period, whether or not it is in receipt of such representation, in its sole discretion issue the Termination Notice.

Appears in 1 contract

Samples: Concession Agreement

Termination Notice for Force Majeure Event. 21.7.1 If a Force Majeure Event subsists for a period of 60 120 (sixtyone hundred and twenty) days or more within a continuous period of 120 365 (one three hundred and twentysixty five) days, either Party may in its discretion terminate this Agreement by issuing a Termination Notice to the other Party without being liable in any manner whatsoever, whatsoever save as provided in this Article 2122, and upon issue of such Termination Notice, this Agreement shall, notwithstanding anything to the contrary contained herein, stand terminated forthwith; provided that before issuing such Termination Notice, the Party intending to issue the Termination Notice shall inform the other Party of such intention and grant 15 (fifteen) days time to make a representation, and may after the expiry of such 15 (fifteen) days period, whether or not it is in receipt of such representation, in its sole discretion issue the Termination Notice.

Appears in 1 contract

Samples: Operation Services Agreement

Termination Notice for Force Majeure Event. 21.7.1 If a Force Majeure Event subsists for a period of 60 (sixty) days or more within a continuous period of 120 (one One hundred and twenty) days, either Party may in its discretion terminate this Agreement by issuing a Termination Notice to the other Party without being liable in any manner whatsoever, save as provided in this Article 21Clause 28, and upon issue of such Termination Notice, this Agreement shall, notwithstanding anything to the contrary contained herein, stand terminated forthwith; provided that before issuing such Termination Notice, the Party intending to issue the Termination Notice shall inform the other Party of such intention and grant 15 (fifteen) days time to make a representation, and may after the expiry of such 15 (fifteen) days period, whether or not it is in receipt of such representation, in its sole discretion issue the Termination Notice.

Appears in 1 contract

Samples: Concession Agreement

Termination Notice for Force Majeure Event. 21.7.1 If a Force Majeure Event subsists for a period of 60 120 (sixtyone hundred and twenty) days or more within a continuous period of 120 365 (one three hundred and twentysixty five ) days, either Party may in its discretion terminate this Agreement by issuing a Termination Notice to the other Party without being liable in any manner whatsoever, whatsoever save as provided in this Article 2127, and upon issue of such Termination Notice, this Agreement shall, notwithstanding anything to the contrary contained herein, stand terminated forthwith; provided that before issuing such Termination Notice, the Party intending to issue the Termination Notice shall inform the other Party of such intention and grant 15 (fifteen) days time to make a representation, and may after the expiry of such 15 (fifteen) days period, whether or not it is in receipt of such representation, in its sole discretion issue the Termination Notice.

Appears in 1 contract

Samples: Concession Agreement

Termination Notice for Force Majeure Event. 21.7.1 If a Force Majeure Event subsists for a period of 60 120 (sixtyone hundred and twenty) days or more within a continuous period of 120 365 (one three hundred and twentysixty five) days, either Party may in its discretion terminate this Agreement by issuing a Termination Notice to the other Party without being liable in any manner whatsoever, whatsoever save as provided in this Article 2127, and upon issue of such Termination Notice, this Agreement shall, notwithstanding anything to the contrary contained herein, stand terminated forthwith; provided that before issuing such Termination Notice, the Party intending to issue the Termination Notice shall inform the other Party of such intention and grant 15 (fifteen) days time to make a representation, and may after the expiry of such 15 (fifteen) days period, whether or not it is in receipt of such representation, in its sole discretion issue the Termination Notice.

Appears in 1 contract

Samples: Concession Agreement

Termination Notice for Force Majeure Event. 21.7.1 If a Force Majeure Event subsists for a period of 60 120 (sixtyone hundred and twenty) days or more within a continuous period of 120 365 (one three hundred and twentysixty five) days, either Party may in its discretion terminate this Agreement by issuing a Termination Notice to the other Party without being liable in any manner whatsoever, whatsoever save as provided in this Article 2127, and upon issue of such Termination Notice, this Agreement shall, notwithstanding anything to the contrary contained herein, stand terminated forthwith; provided that before issuing such Termination Notice, the Party intending to issue the Termination Notice shall inform the other Party of such intention and grant 15 (fifteen) days days’ time to make a representation, and may after the expiry of such 15 (fifteen) days period, whether or not it is in receipt of such representation, in its sole discretion issue the Termination Notice.

Appears in 1 contract

Samples: Concession Agreement

Termination Notice for Force Majeure Event. 21.7.1 If a Force Majeure Event subsists for a period of 60 (sixty) days or more within a continuous period of 120 (one hundred and twenty) days, either Party may in its discretion terminate this Agreement by issuing a Termination Notice to the other Party without being liable in any manner whatsoever, save as provided in this Article 21, and upon issue of such Termination Notice, this Agreement shall, notwithstanding anything to the contrary contained herein, stand terminated forthwith; provided that before issuing such Termination Notice, the Party intending to issue the Termination Notice shall inform the other Party of such intention and grant 15 (fifteen) days time to make a representation, and may after the expiry of such 15 (fifteen) days period, whether or not it is in receipt of such representation, in its sole discretion issue the Termination Notice.

Appears in 1 contract

Samples: Construction Contract

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