Common use of Termination with Prior Notice Clause in Contracts

Termination with Prior Notice. 14.1 This Agreement may be terminated at any time by either party, without any justification, subject to three (3) months' prior written notice from the date of the dispatch of a registered letter sent in the case of the Issuer by a director of the Issuer on behalf of the Issuer, or in the case of the Corporate Services Provider by a director of the Corporate Services Provider on behalf of the Corporate Services Provider to, as the case may require, the address of the Corporate Services Provider, or to the address of the Issuer. 14.2 In the event of any circumstances preventing the delivery of such above mentioned registered letter, the termination shall come to effect on the day of the filing of the termination with the Register and subject to clause 14.3 below. 14.3 Any termination shall only become effective once a replacement Corporate Services Provider has been appointed with the Security Trustee's consent and such replacement: (a) is acceptable to the Issuer; (b) is independent from, and maintains no relationships other than standard arms' length business relationships with VWFS, the Joint Lead Managers, the Managers; and (c) enters into an administration agreement on substantially similar terms as provided for in this Agreement.

Appears in 4 contracts

Samples: Corporate Services Agreement, Corporate Services Agreement, Corporate Services Agreement

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