Termination without notice for good cause Sample Clauses

Termination without notice for good cause. 15.1 This Agreement may be terminated with immediate effect at any time by either party in the case of a Serious Breach thereof (as referred below) or entry into insolvency proceedings by the other party by means of a registered letter sent as set out in clause 14.1 above within a period of one (1) month from the occurrence of the event deemed to constitute a Serious Breach. Such letter shall detail the circumstances considered by the notifying party as constituting a Serious Breach.
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Termination without notice for good cause. Termination of the loan contract without notice will be only possible for cause, if one of the following reasons applies which renders it unreasonable to expect the Bank to continue with it, even taking into account the Borrower’s legitimate interests. Good cause under this loan contract shall only be:
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