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

Termination Notice for Force Majeure Event. If a Force Majeure Event subsists for a period of ninety (90) days or more within a continuous period of three hundred and sixty 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 14, 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

Termination Notice for Force Majeure Event. (i) If a Force Majeure Event subsists for a period of ninety 60 (90sixty) days or more within a continuous period of three 120 (one hundred and sixty five (365twenty) 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 1421, and upon issue of such Termination Notice, this Agreement shall, notwithstanding not with standing anything to the contrary contained herein, stand terminated forthwithforth with; 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 fifteenthe