Common use of Termination Procedure Clause in Contracts

Termination Procedure. The Party entitled to terminate this Agreement either on account of a Force Majeure Event or on account of an Event of Default having Material Adverse Effect shall do so by issue of a notice in writing (“Termination Notice”) to the other Party and simultaneously deliver a copy thereof to the Senior Lenders. The Termination Notice shall be of not less than 90 (ninety) Days and not ordinarily be more than 180 (one hundred and eighty) Days, (“Termination Period”) and at the expiry of the Termination Period, this Agreement shall stand terminated without any further notice.

Appears in 8 contracts

Samples: Concession Agreement, Concession Agreement, Concession Agreement

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Termination Procedure. The Party entitled to terminate this Agreement either on account of a Force Majeure Event or on account of an Event of Default having Material Adverse Effect shall do so by issue of a notice in writing (“Termination Notice”) to the other Party and simultaneously deliver a copy thereof to the Senior Lenders. The Termination Notice Period shall be of not less than 90 (ninety) Days and not ordinarily be more than 180 60 (one hundred and eightySixty) Days, (“Termination Period”) and at the expiry of the Termination Period, this Agreement shall stand terminated without any further noticeterminated.

Appears in 4 contracts

Samples: Concession Agreement, Concession Agreement, Concession Agreement

Termination Procedure. The If a Party entitled has the right to terminate this Agreement either on account of a pursuant to this Section 20.2 (Termination due to Prolonged Force Majeure Event or on account of an Event of Default having Material Adverse Effect shall do so by issue of a Event), it may give notice in writing (“Termination Notice”) to the other Party and simultaneously deliver a copy thereof specifying the date on which this Agreement shall terminate, which date shall not be less than ninety (90) Days from the date of such notice. When such date occurs, subject to the Senior Lenders. The Termination Notice shall be satisfaction of not less than 90 (ninety) Days and not ordinarily be more than 180 (one hundred and eighty) Days, (“Termination Period”) and at the expiry of the Termination Periodany payment or other obligations hereunder, this Agreement shall stand terminated without any further noticeterminate and shall no longer be binding.

Appears in 3 contracts

Samples: Partnership Agreement, Sample Contract, Sample Contract

Termination Procedure. The Party entitled to terminate this Agreement either on account of a Force Majeure Event or on account of an Event of Default having Material Adverse Effect shall do so by issue of a notice in writing (“Termination Notice”) to the other Party and simultaneously deliver a copy thereof to the Senior Lenders. The Termination Notice Period shall be of not less than 90 (ninety) Days and not ordinarily be more than 180 60 (one hundred and eightySixty) Daysdays, (“Termination Period”) and at the expiry of the Termination Period, this Agreement shall stand terminated without any further noticeterminated.

Appears in 3 contracts

Samples: Concession Agreement, Concession Agreement, Concession Agreement

Termination Procedure. The Party entitled to terminate this the Agreement either on account of a Force Majeure Event or on account of an Event of Default having Material Adverse Effect shall do so by issue of a notice in writing (“Termination Notice”) to the other Party and simultaneously deliver a copy thereof to the Senior LendersParty. The Termination Notice shall be of not less than 90 (ninety) Days and not ordinarily be more than 180 (one hundred and eighty) Days, (“Termination Period”) and at the expiry of the Termination Period, this Agreement shall stand terminated without any further notice.

Appears in 3 contracts

Samples: Paddy Processing Agreement, Paddy Processing Agreement, Paddy Processing Agreement

Termination Procedure. The Party entitled to terminate this Agreement either on account of a Force Majeure Event or on account of an Event of Default having Material Adverse Effect shall do so by issue of a notice in writing (“Termination Notice”) to the other Party and simultaneously deliver a copy thereof to the Senior Lenders. The Termination Notice shall be of not less than 90 60 (ninetysixty) Days days and not ordinarily be more than 180 90 (one hundred and eightyninety) Daysdays, (“Termination Period”) and at the expiry of the Termination Period, this Agreement shall stand terminated without any further noticeterminated.

Appears in 3 contracts

Samples: License Agreement, Concession Agreement, Development Agreement

Termination Procedure. The Party entitled to terminate this Agreement either on account of a Force Majeure Event or on account of an Event of Default having Material Adverse Effect shall do so by issue of a notice in writing (“Termination Notice”) to the other Party and simultaneously deliver a copy thereof to the Senior LendersParty. The Termination Notice shall be of not less than 90 (ninety) Days and not ordinarily be more than 180 (one hundred and eighty) Days, (“Termination Period”) and at the expiry of the Termination Period, this Agreement shall stand terminated without any further notice.

Appears in 2 contracts

Samples: Concession Agreement, Concession Agreement

Termination Procedure. The Party entitled to terminate this Agreement Contract either on account of a Force Majeure Event or on account of an Event of Default having Material Adverse Effect shall do so by issue of a notice in writing (“Termination Notice”) to the other Party and simultaneously deliver a copy thereof to the Senior LendersParty. The Termination Notice shall be of not less than 90 (ninety) Days and not ordinarily be more than 180 (one hundred and eighty) Days, (“Termination Period”) and at the expiry of the Termination Period, this Agreement Contract shall stand terminated without any further notice.

Appears in 2 contracts

Samples: Operate, Maintain and Manage Contract Agreement, Operate, Maintain and Manage Contract Agreement

Termination Procedure. The Party entitled to terminate Terminate this Agreement either on account of a Force Majeure Event or on account of an Event of Default having Material Adverse Effect shall do so by issue of a notice in writing (“Termination Notice”) to the other Party as per procedure laid down in clause 8.3.3(f) and simultaneously deliver a copy thereof to the Senior Lenders. The Termination Notice period shall be of not less than 90 (ninety) Days and not ordinarily be more than 180 60 (one hundred and eightysixty) Daysdays, (“Termination Period”) and at the expiry of the Termination Period, this Agreement shall stand terminated without any further noticeterminated.

Appears in 2 contracts

Samples: Authorization Agreement, Authorization Agreement

Termination Procedure. The Party entitled to terminate this Agreement either on account of a Force Majeure Event or on account onaccount of an Event of Default having Material Adverse Effect shall do so by issue of a notice in writing (“Termination Notice”) to the other Party and simultaneously deliver a copy thereof to the Senior theSenior Lenders. The Termination Notice shall be of not less than 90 (ninety) Days and not ordinarily be ordinarilybe more than 180 (one hundred and eighty) Days, (“Termination Period”) and at the expiry of the Termination theTermination Period, this Agreement shall stand terminated without any further notice.

Appears in 2 contracts

Samples: Concession Agreement, Concession Agreement

Termination Procedure. The Party entitled to terminate this Agreement either on account of a Force Majeure Event or on account of an Event of Default having Material Adverse Effect shall do so by issue of a notice in writing (“Termination Notice”) to the other Party and simultaneously deliver a copy thereof to the Senior Lenders. The Termination Notice shall be of not less than 90 (ninety) Days and not ordinarily be more than 180 (one hundred and eighty) Days, (“Termination Period”) and at the expiry of the Termination Period, this Agreement shall stand terminated without any further notice.

Appears in 2 contracts

Samples: Concession Agreement, Concession Agreement

Termination Procedure. The Party entitled to terminate this Agreement either on account of a Force Majeure Event or on account of an Event of Default having Material Adverse Effect shall do so by issue of a notice in writing (“Termination Notice”) to the other Party and simultaneously deliver a copy thereof to the Senior Lenders. The Termination Notice Period shall be of not less than 90 (ninety) Days and not ordinarily be more than 180 60 (one hundred and eightysixty) Daysdays, (“Termination Period”) and at the expiry of the Termination Period, this Agreement shall stand terminated without any further noticeterminated.

Appears in 2 contracts

Samples: Concession Agreement, Concession Agreement

Termination Procedure. The If a Party entitled has the right to terminate this Agreement either on account of a pursuant to this Section 16.2 (Termination due to Prolonged Force Majeure Event or on account of an Event of Default having Material Adverse Effect shall do so by issue of a Event), it may give notice in writing (“Termination Notice”) to the other Party and simultaneously deliver a copy thereof specifying the date on which this Agreement shall terminate, which date shall not be less than ninety (90) Days from the date of such notice. When such date occurs, subject to the Senior Lenders. The Termination Notice shall be satisfaction of not less than 90 (ninety) Days and not ordinarily be more than 180 (one hundred and eighty) Days, (“Termination Period”) and at the expiry of the Termination Periodany payment or other obligations hereunder, this Agreement shall stand terminated without any further noticeterminate and shall no longer be binding.

Appears in 1 contract

Samples: Sample Contract

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Termination Procedure. The If a Party entitled has the right to terminate this Agreement either on account of a pursuant to this Section 21.2 (Termination due to Prolonged Force Majeure Event or on account of an Event of Default having Material Adverse Effect shall do so by issue of a Event), it may give notice in writing (“Termination Notice”) to the other Party and simultaneously deliver a copy thereof specifying the date on which this Agreement shall terminate, which date shall not be less than ninety (90) Days from the date of such notice. When such date occurs, subject to the Senior Lenders. The Termination Notice shall be satisfaction of not less than 90 (ninety) Days and not ordinarily be more than 180 (one hundred and eighty) Days, (“Termination Period”) and at the expiry of the Termination Periodany payment or other obligations hereunder, this Agreement shall stand terminated without any further noticeterminate and shall no longer be binding.

Appears in 1 contract

Samples: Sample Contract

Termination Procedure. The Party entitled to terminate this Agreement either on account of a Force Majeure Event or on account of an Event of Default having Material Adverse Effect shall do so by issue of a notice in writing (“Termination Notice”) to the other Party and simultaneously deliver a copy thereof to the Senior LendersParty. The Termination Notice shall be of not less than 90 30 (ninetythirty) Days and not ordinarily be more than 180 (one hundred and eighty60(sixty) Days, (“Termination Period”) and at the expiry of the Termination Period, this Agreement shall stand terminated without any further notice.

Appears in 1 contract

Samples: Tripartite Agreement

Termination Procedure. The Party entitled to terminate this Agreement either on account of a Force Majeure Event or on account of an Event of Default having Material Adverse Effect under this agreement shall do so by issue of a notice in writing (“Termination Notice”) [―Termination Notice‖] to the other Party and simultaneously deliver a copy thereof to the Senior Lenders. The Termination Notice shall be of not less than 90 (ninety) Days and not ordinarily be more than 180 (one hundred and eighty) Daysdays, (“Termination Period”) [―Termination Period‖] and at the expiry of the Termination Period, this Agreement shall stand terminated without any further noticeterminated.

Appears in 1 contract

Samples: License Agreement

Termination Procedure. The Party entitled to terminate this Agreement either on account of a Force Majeure Event or on account of an Event of Default having Material Adverse Effect shall do so by issue of a notice in writing (“Termination ³Termination Notice´) to the other Party and simultaneously deliver a copy thereof to the Senior Lenders. The Termination Notice shall be of not less than 90 60 (ninetysixty) Days days and not ordinarily be more than 180 90 (one hundred and eightyninety) Days, (“Termination Period”) and at the expiry of the Termination Period, this Agreement shall stand terminated without any further notice.days,

Appears in 1 contract

Samples: Development Agreement

Termination Procedure. The Party entitled to terminate this Agreement either on account of a Force Majeure Event or on account of an Event of Default having Material Adverse Effect shall do so by issue of a notice in writing (“Termination Notice”) to the other Party and simultaneously deliver a copy thereof to the Senior Lenders. The Termination Notice shall be of not less than 90 (ninety) Days and not ordinarily be more than 180 (one hundred and eighty) Days, (“Termination Period”) and at the expiry of the Termination Period, this Agreement shall stand terminated without any further notice.

Appears in 1 contract

Samples: Concession Agreement

Termination Procedure. The Party entitled to terminate this Concession Agreement either on account of a Force Majeure Event or on account of an Event of Default having Material Adverse Effect shall do so by issue of a notice in writing (referred to as the “Termination Notice”) to the other Party and simultaneously deliver a copy thereof to the Senior Lenders. The Termination Notice shall be of not less than 90 ninety (ninety90) Days days and not ordinarily be more than 180 (one hundred and eightyeighty (180) Daysdays, (referred to as the “Termination Period”) and ), at the expiry of the Termination Periodwhich, this Concession Agreement shall stand terminated without any further noticeterminated.

Appears in 1 contract

Samples: Concession Agreement

Termination Procedure. The Party entitled to terminate this Concession Agreement either on account of a Force Majeure Event or on account of an Event of Default having Material Adverse Effect shall do so by issue of a notice in writing (“Termination Notice”) to the other Party and simultaneously deliver a copy thereof to the Senior Lenders. The Termination Notice shall be of not less than 90 (ninety) Days and not ordinarily be more than 180 (one hundred and eighty) Days, (“Termination Period”) and at the expiry of the Termination Period, this Agreement shall stand terminated without any further notice.

Appears in 1 contract

Samples: Operation, Management and Development Agreement

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