Common use of Withdrawal of Termination Notice Clause in Contracts

Withdrawal of Termination Notice. If the defaulting Party rectifies or remedies the default within the Consultation Period to the satisfaction of the non-defaulting Party or suitable steps are taken towards rectification or the Event of Default ceases to exist, the termination Notice shall be withdrawn.

Withdrawal of Termination Notice. If the defaulting Party rectifies or remedies the default thedefault within the Consultation Period to the satisfaction of the non-defaulting Party or suitable steps are taken towards rectification or the Event of Default ceases to exist, the termination Notice shall be withdrawn.