Common use of Termination of a Defaulting Party Clause in Contracts

Termination of a Defaulting Party. The remaining Parties acting in agreement may, at any time terminate a Defaulting Party's participation in the Agreement by notice in writing to the Defaulting Party where such default is not capable of remedy or, where capable of remedy, has not been remedied within two (2) weeks of the Defaulting Party receiving notification of such default.

Appears in 2 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding

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Termination of a Defaulting Party. The remaining Parties acting in agreement may, at any time terminate a Defaulting Party's participation in the Agreement by notice in writing to the Defaulting Party where such default is not capable of remedy or, where capable of remedy, has not been remedied within two (2) weeks of the Defaulting Party receiving notification of such default.default.β€Œ

Appears in 2 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding

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