Termination of Principal Agreement. (1) Subject to the remainder of this clause, the Principal Agreement is hereby terminated with effect on and from the Operative Date and, except as otherwise provided in this Agreement, neither the State nor the Company shall have any claim against the other with respect to any matter or thing in or arising out of the Principal Agreement.
Termination of Principal Agreement. Clause 4(1) States, subject to the remainder of this clause, that the Principal Agreement is terminated on and from the Operative Date and without the State or the Company having any claim against the other except as otherwise provided in the Termination Agreement.
Termination of Principal Agreement. Any termination of the Principal Agreement or this Environmental Agreement based on the results of the BEA shall be governed exclusively by Section 12.1 of the Principal Agreement. ARTICLE THREE
Termination of Principal Agreement. Pegasys may terminate this Agreement in the event that the Principal Agreement is terminated for any reason, and shall give the Contractor as much notice as is reasonably possible under the circumstances.
Termination of Principal Agreement. 2 (1) Subject to this clause, the Principal Agreement is hereby terminated 3 with effect on and from the Operative Date and, except as otherwise 4 provided in this Agreement, neither the State nor the Joint Venturers 5 shall have any claim against the other with respect to any matter or 6 thing in or arising out of the Principal Agreement. 7 (2) Notwithstanding subclause (1) the Joint Venturers shall remain liable 8 for any antecedent breach or default under the Principal Agreement 9 and in respect of any indemnity given under the Principal Agreement. 10 (3) Notwithstanding subclause (1) the Guarantor shall remain liable in 11 respect of any guarantee given under the Principal Agreement in 12 relation to any antecedent breach or default by Diamond Resources 13 (Fitzroy) Pty Ltd or Diamond Resources (Canning) Pty Ltd under the 14 Principal Agreement. 15 (4) On and from the Operative Date: 16 (a) each Petroleum Title shall continue in force only under and, 17 except as provided in this subclause, subject to the provisions 18 of the Petroleum Act and, for the avoidance of doubt, each 19 Petroleum Title shall cease to have the benefit of the rights 20 and privileges conferred by, and be subject to the obligations 21 or restrictions imposed by, the Principal Agreement; 22 (b) any modification of the Petroleum Act made by the Principal 23 Agreement in relation to a Petroleum Title shall cease to 24 apply and each Petroleum Title shall continue in force under 25 and subject to the Petroleum Act for the balance of its term as 26 extended in accordance with paragraphs (c) and (d) below; 27 (c) the State shall cause the Petroleum Minister to enter as soon 28 as reasonably practicable a memorial in the register referred 29 to in section 70 of the Petroleum Act recording that 30 Petroleum Titles EP 371, EP428, EP431 and EP 436 shall 31 continue in force until 30 July 2023 and the year end for each 32 work requirement relating to these titles shall be suspended 33 and extended for the additional period of 4 years and such 34 extension of the term of the titles and variation of work 35 requirements shall be effective for all purposes on and from 36 the date of entry of the memorial in the register; page 8 Natural Gas (Canning Basin Joint Venture) Agreement (Termination) Bill 2017
