Termination Notice for Force Majeure Event. 17.5.1 If 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 without being liable in any manner whatsoever, save as provided in this 17.5 (Termination Notice for Force Majeure) and Section 17.6 (Termination Payment for Force Majeure Event), 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.
Appears in 1 contract
Sources: Concession Agreement
Termination Notice for Force Majeure Event. 17.5.1 If a Force Majeure Event subsists for a period of [180 (one hundred and eighty)] days or more within a continuous period of one [365 (three hundred and twenty (120) 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 17.5 (Termination Notice for Force Majeure) and Section 17.6 (Termination Payment for Force Majeure Event)Clause 36, 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 (15fifteen) days’ days time to make a representation, and may after the expiry of such fifteen 15 (15fifteen) days period, whether or not it is in receipt of such representation, in its sole discretion issue the Termination Notice.
Appears in 1 contract
Sources: Concession Agreement
Termination Notice for Force Majeure Event. 17.5.1 If a Force Majeure Event subsists for a period of 180 (One Hundred and Eighty) days or more within a continuous period of one hundred 365 (Three Hundred and twenty (120Sixty 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 save, as provided in this 17.5 (Termination Notice for Force Majeure) and Section 17.6 (Termination Payment for Force Majeure Event)Article 8, 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 (15fifteen) days’ days time to make a representation, and may after the expiry of such fifteen 15 (15Fifteen) days period, whether or not it is in receipt of such representation, in its sole discretion issue the Termination Notice.
Appears in 1 contract
Sources: Concession Agreement
Termination Notice for Force Majeure Event. 17.5.1 If a Force Majeure Event subsists for more than a continuous period of one 90 (ninety) days or for a total/cumulative time period of more than 360 (three hundred and twenty (120sixty) daysdays during the Term, 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 17.5 (Termination Notice for Force Majeure) and Section 17.6 (Termination Payment for Force Majeure Event)Article 23, 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 (15fifteen) days’ days time to make a representation, and may after the expiry of such fifteen 15 (15fifteen) days period, whether or not it is in receipt of such representation, in its sole discretion issue the Termination Notice.
Appears in 1 contract
Sources: Technical Services Agreement
Termination Notice for Force Majeure Event. 17.5.1 If a Force Majeure Event subsists for a period of [180 (one hundred and eighty)] days or more within a continuous period of one [365 (three hundred and twenty (120) 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 17.5 (Termination Notice for Force Majeure) and Section 17.6 (Termination Payment for Force Majeure Event), Article 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 [30 (15) thirty)] days’ ' time to the other Party to make a representation, representation and may after the expiry of such fifteen [30 (15) days thirty)] day period, whether or not it is in receipt of such representation, in its sole discretion issue the Termination Notice.
Appears in 1 contract
Sources: Operation & Maintenance Agreement