WITHDRAWAL FROM THE AGREEMENT. 13.1. Any Party hereto may withdraw from the Agreement by providing 30 days advance notice of such withdrawal to Airlines Clearing House. However, no such notice of withdrawal shall become effective before the expiration of twelve (12) months from the effective date contained in Appendix C, Application for Participation. 13.2. Any Party hereto may withdraw its concurrence with another party hereto by giving such other Party and Airlines Clearing House 30 days advance written notice of such withdrawal. However, no such notice of withdrawal shall become effective before the expiration of six (6) months from the effective date contained in Appendix D, Concurrence Agreement, between the two Parties. 13.3. Any Party may withdraw its concurrence with another Party that has become insolvent, suspended payments or failed to meet its contractual obligation, or has become involved, voluntarily or involuntarily, in proceedings declaring or to declare it bankrupt. Such notice of withdrawal may become effective on the date of written notice to Airlines Clearing House or such other date as the airline giving such notice specifies. The Agreement shall continue in force between the party giving such notice and all other parties with which the party giving notice has a concurrence, except such designated party. 13.4. With respect to amendments of the Agreement in accordance with paragraph 11.2 above, a Party disagreeing with such amendment may withdraw from the Agreement by providing 30 days advance notice provided such notice is received no later than 45 days prior to the effective date of such amendment.
Appears in 4 contracts
Samples: Multilateral Involuntary Reroute Settlement Agreement, Multilateral Involuntary Reroute Settlement Agreement, Multilateral Involuntary Reroute Settlement Agreement
