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

Termination Notice for Force Majeure Event. If the period of Force Majeure continues or is in the reasonable judgment of the Parties likely to continue beyond a period of 120 (one hundred and twenty) days, the Parties may mutually decide to terminate this Agreement or continue this Agreement on mutually agreed revised terms. If the Parties are unable to reach an agreement in this regard, , Affected Party may after the expiry of the said period of 120 (one hundred and twenty ) days 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 31, and upon issuance 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' time to make a representation, and may after the expiry of such 15 (fifteen) days period from the date of such notification, whether or not it is in receipt of such representation, in its sole discretion issue the Termination Notice.

Termination Notice for Force Majeure Event. If the a Force Majeure Event subsists for more than a continuous period of Force Majeure continues 90 (ninety) days or is in the reasonable judgment of the Parties likely to continue beyond for a total/cumulative time period of 120 more than 360 (one three hundred and twentysixty) daysdays during the Term, the Parties may mutually decide to terminate this Agreement or continue this Agreement on mutually agreed revised terms. If the Parties are unable to reach an agreement in this regard, , Affected either Party may after the expiry of the said period of 120 (one hundred and twenty ) days in its discretion terminate this Agreement by issuing a Termination Notice of 30 days to the other Party without being liable in any manner whatsoever, save as provided in this Article 3117, and upon issuance issue of such Termination Notice, this Agreement shall, notwithstanding anything to the contrary contained herein, stand terminated forthwithforthwith after expiry of the said notice period; 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' ’ time to make a representation, and may after the expiry of such 15 (fifteen) days period from the date of such notificationperiod, whether or not it is in receipt of such representation, in its sole discretion issue the Termination Notice.

Termination Notice for Force Majeure Event. If the period of a Force Majeure continues or is in the reasonable judgment of the Parties likely to continue beyond Event subsists for a period of 120 [180 (one hundred and twenty) eighty)] days or more within a continuous period of [365 (three hundred and sixty five)] days, the Parties may mutually decide to terminate this Agreement or continue this Agreement on mutually agreed revised terms. If the Parties are unable to reach an agreement in this regard, , Affected either Party may after the expiry of the said period of 120 (one hundred and twenty ) days 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 31Clause 36, and upon issuance 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 period from the date of such notificationperiod, whether or not it is in receipt of such representation, in its sole discretion issue the Termination Notice.

Termination Notice for Force Majeure Event. If the a Force Majeure Event subsists for more than a continuous period of Force Majeure continues 90 (ninety) days or is in the reasonable judgment of the Parties likely to continue beyond for a total/cumulative time period of 120 more than 360 (one three hundred and twentysixty) daysdays during the Term, the Parties may mutually decide to terminate this Agreement or continue this Agreement on mutually agreed revised terms. If the Parties are unable to reach an agreement in this regard, , Affected either Party may after the expiry of the said period of 120 (one hundred and twenty ) days in its discretion terminate this Agreement by issuing a Termination Notice of 30 days to the other Party without being liable in any manner whatsoever, save as provided in this Article 3116, and upon issuance issue of such Termination Notice, this Agreement shall, notwithstanding anything to the contrary contained herein, stand terminated forthwithforthwith after expiry of the said notice period; 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' ’ time to make a representation, and may after the expiry of such 15 (fifteen) days period from the date of such notificationperiod, whether or not it is in receipt of such representation, in its sole discretion issue the Termination Notice.

Termination Notice for Force Majeure Event. If the a Force Majeure Event subsists for more than a continuous period of Force Majeure continues 90 (ninety) days or is in the reasonable judgment of the Parties likely to continue beyond for a total/cumulative time period of 120 more than 360 (one three hundred and twentysixty) daysdays during the Concession Period, the Parties may mutually decide to terminate this Agreement or continue this Agreement on mutually agreed revised terms. If the Parties are unable to reach an agreement in this regard, , Affected either Party may after the expiry of the said period of 120 (one hundred and twenty ) days 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 3117, and upon issuance 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 period from the date of such notificationperiod, whether or not it is in receipt of such representation, in its sole discretion issue the Termination Notice.

Termination Notice for Force Majeure Event. 17.5.1 If the a Force Majeure Event subsists for a continuous period of Force Majeure continues or is in the reasonable judgment of the Parties likely to continue beyond a period of 120 (one hundred and twenty) days, the Parties may mutually decide to terminate this Agreement or continue this Agreement on mutually agreed revised terms. If the Parties are unable to reach an agreement in this regard, , Affected Party may after the expiry of the said period of 120 (one hundred and twenty (120) days 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 3117.5 (Termination Notice for Force Majeure) and Section 17.6 (Termination Payment for Force Majeure Event), and upon issuance 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 (fifteen15) days' ’ time to make a representation, and may after the expiry of such 15 fifteen (fifteen15) days period from the date of such notificationperiod, whether or not it is in receipt of such representation, in its sole discretion issue the Termination Notice.

Termination Notice for Force Majeure Event. If the period of a Force Majeure continues or is in the reasonable judgment of the Parties likely to continue beyond Event subsists for a period of 120 [180 (one hundred and twenty) eighty)] days or more within a continuous period of [365 (three hundred and sixty five)] days, the Parties may mutually decide to terminate this Agreement or continue this Agreement on mutually agreed revised terms. If the Parties are unable to reach an agreement in this regard, , Affected either Party may after the expiry of the said period of 120 (one hundred and twenty ) days 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 3129, and upon issuance 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 period from the date of such notificationperiod, whether or not it is in receipt of such representation, in its sole discretion issue the Termination Notice.

Termination Notice for Force Majeure Event. If the a Force Majeure Event subsists for more than a continuous period of Force Majeure continues 90 (ninety) days or is in the reasonable judgment of the Parties likely to continue beyond for a total/cumulative time period of 120 more than 360 (one three hundred and twentysixty) daysdays during the Term, the Parties may mutually decide to terminate this Agreement or continue this Agreement on mutually agreed revised terms. If the Parties are unable to reach an agreement in this regard, , Affected either Party may after the expiry of the said period of 120 (one hundred and twenty ) days 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 3123, and upon issuance 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 period from the date of such notificationperiod, whether or not it is in receipt of such representation, in its sole discretion issue the Termination Notice.

Termination Notice for Force Majeure Event. If the period of a Force Majeure continues or is in the reasonable judgment of the Parties likely to continue beyond Event subsists for a period of 120 180 (one hundred and twentyeighty) days or more within a continuous period of 365 (three hundred and sixty five) days, the Parties may mutually decide to terminate this Agreement or continue this Agreement on mutually agreed revised terms. If the Parties are unable to reach an agreement in this regard, , Affected Party may after the expiry of the said for a continuous period of 120 180 (one hundred and twenty eighty) days in any given time-frame, 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 3114, and upon issuance 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 a period of 15 (fifteen) days' time days to make a representation, and may after the expiry of such 15 (fifteen) days period from the date of such notificationperiod, whether or not it is in receipt of such representation, in its sole discretion issue the Termination Notice.