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

Termination Notice for Force Majeure Event. 14.5.1 If: (a) a Force Majeure Event subsists for a continuous period of one hundred and twenty (120) days, either Party may in its discretion Terminate this Agreement by issuing a Termination Notice to the other Party; or (b) in case of a Political Event, the Authority determines that the Force Majeure costs relating to the same are unacceptable then the Authority may in its discretion Terminate this Agreement by issuing a Termination Notice to the Operator, in each case above, without being liable in any manner whatsoever, save as provided in this Article 14.5 and Article 14.6, 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 fifteen (15) days’ time to make a representation, and may after the expiry of such fifteen (15) days period, whether or not it is in receipt of such representation, in its sole discretion issue the Termination Notice.

Termination Notice for Force Majeure Event. 14.5.1 If: (a) a If the period of Force Majeure Event subsists for continues or is in the reasonable judgment of the Parties likely to continue beyond a continuous 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, either Party may days in its discretion Terminate terminate this Agreement by issuing a Termination Notice to the other Party; or (b) in case of a Political Event, the Authority determines that the Force Majeure costs relating to the same are unacceptable then the Authority may in its discretion Terminate this Agreement by issuing a Termination Notice to the Operator, in each case above, Party without being liable in any manner whatsoever, save as provided in this Article 14.5 and Article 14.631, and upon issue issuance of such Termination Notice, this Agreement shall, notwithstanding anything to the contrary contained herein, stand terminated forthwith; provided, 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 fifteen 15 (15fifteen) days’ ' time to make a representation, and may after the expiry of such fifteen 15 (15fifteen) 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.

Termination Notice for Force Majeure Event. 14.5.1 13.5.1 If: (a) a Force Majeure Event subsists for a continuous period of one hundred and one-hundred-twenty (120) days, Days; either Party may may, in its discretion Terminate discretion, terminate this Agreement by issuing a Termination Notice to the other Party; or (b) in case of a Political Event, the Authority determines that the Force Majeure costs relating to the same are unacceptable unacceptable, then the Authority may in may, at its discretion Terminate discretion, terminate this Agreement by issuing a Termination Notice to the Operator, in ; In each case above, without being liable in any manner whatsoever, save as provided in this Article Articles 14.5 and Article 14.6, and upon the 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 fifteen (15) days’ time Days to make a representation, and may after the expiry of such fifteen (15) days Days period, whether or not it is in receipt of such representation, in its sole discretion issue the Termination Notice.

Termination Notice for Force Majeure Event. 14.5.1 If: (a) a Force Majeure Event subsists for a continuous period of one hundred and twenty (120) days, either Party may in its discretion Terminate this Agreement by issuing a Termination Notice to the other Party; or (b) in case of a Political Event, the Authority determines that the Force Majeure costs relating to the same are unacceptable then the Authority may in its discretion Terminate this Agreement by issuing a Termination Notice to the Operator, ; in each case above, without being liable in any manner whatsoever, save as provided in this Article 14.5 and Article 14.6, 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 fifteen (15) days’ time to make a representation, and may after the expiry of such fifteen (15) days period, whether or not it is in receipt of such representation, in its sole discretion issue the Termination Notice.

Termination Notice for Force Majeure Event. 14.5.1 If: (a) If a Force Majeure Event Events subsists for a continuous period of one hundred and twenty (120) days, either Party may in its discretion Terminate this Agreement O&M Contract by issuing a Termination Notice to the other Party; or (b) or in case of a Political Event, the Authority Implementing Agencies determines that the Force Majeure costs relating to the same are unacceptable then the Authority Implementing Agencies may in its discretion Terminate this Agreement Contract by issuing a Termination Notice to the OperatorConcessionaire, in each case above, without being liable in any manner whatsoever, save as provided in this Article 14.5 15.5 and Article 14.615.6 below, and upon issue of such Termination Notice, this Agreement Contract 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 fifteen (15) days’ time to make a representation, and may after the expiry of such fifteen (15) days period, whether or not it is in receipt of such representation, in its sole discretion issue the Termination Notice.