Contents of Termination Notice. A Termination Notice shall specify:
(a) the nature of the relevant Event of Default;
(b) a date and time, which shall be reasonable in the circumstances, at which termination is to take effect; and
(c) whether the party serving the Termination Notice reasonably considers that the Event of Default is capable of remedy, and where the relevant Event of Default is capable of remedy:
(i) the steps which the party serving the Termination Notice believes are reasonably required to remedy the Event of Default; and
(ii) a reasonable grace period within which such steps may be taken (where the Event of Default is a failure of the Train Operator to pay Track Charges or other amounts due, seven days is a reasonable grace period).
Contents of Termination Notice. A Termination Notice shall specify:
Contents of Termination Notice. A Termination Notice shall specify:
(a) the nature of the relevant Event of Default;
(b) the date and time at which termination is to take effect, which shall not be earlier than the later of 30 days after such notice is given and the expiry of any grace period under Clause 5.4.3(c)(ii);
(c) where the relevant Event of Default is capable of remedy:
(i) the steps reasonably required to remedy the Event of Default; and
(ii) a reasonable grace period within which such steps may be taken (and where the Event of Default is a failure of the Beneficiary to pay the Access Charge, seven days shall be a reasonable grace period).
Contents of Termination Notice. A Termination Notice shall specify:
(a) the nature of the relevant Event of Default;
(b) a date and time, which shall be reasonable in the circumstances, at which termination is to take effect; and
(c) whether the party serving the Termination Notice reasonably considers that the Event of Default is capable of remedy, and where the relevant Event of Default is capable of remedy:
Contents of Termination Notice. A Termination Notice shall specify: the nature of the relevant Event of Default; a date and time, which shall be reasonable in the circumstances, at which termination is to take effect; and whether the party serving the Termination Notice reasonably considers that the Event of Default is capable of remedy, and where the relevant Event of Default is capable of remedy: the steps which the party serving the Termination Notice believes are reasonably required to remedy the Event of Default; and a reasonable grace period within which such steps may be taken (where the Event of Default is a failure of the Train Operator to pay Track Charges or other amounts due, 7 days is a reasonable grace period).
Contents of Termination Notice. A Termination Notice shall specify:
(a) the Station to which it relates;
(b) the nature of the relevant Event of Default;
(c) the date and time at which termination is to take effect, which shall not be earlier than the later of 30 days after such notice is given and the expiry of any grace period under Clause 6.4.3(d)(ii);
(d) where the relevant Event of Default is capable of remedy:
(i) the steps reasonably required to remedy the Event of Default; and
(ii) a reasonable grace period within which such steps may be taken (and where the Event of Default is a failure of the Beneficiary to pay the Access Charge, seven days shall be a reasonable grace period).
Contents of Termination Notice. A Termination Notice shall specify: the nature of the relevant Event of Default;
Contents of Termination Notice. A Termination Notice shall specify:-
(1) the nature of the relevant Event of Default;
(2) a date and time, which shall be reasonable in the circumstances, on which termination is to take effect;
(3) where the relevant Event of Default is capable of remedy:-
(a) the steps reasonably required to remedy the Event of Default; and
(b) a reasonable grace period within which such steps may be taken (where the Event of Default is a failure of either party to pay any amount due to the other, 14 days from the service of the Termination Notice shall be a reasonable grace period).
Contents of Termination Notice. A Termination Notice shall specify:
(a) the nature of the relevant Event of Default or other matter entitling termination under paragraphs 3.1 or 3.2 as the case may be;
(b) a date and time, which shall be reasonable in the circumstances, at which termination is to take effect; and
(c) where the Event of Default is capable of remedy:
(i) the steps reasonably required to remedy the Event of Default; and
(ii) a reasonable grace period within which such steps may be taken (and where the Event of Default is a failure by the Train Operator to pay any part of the Charges or other amounts due under this contract, seven days shall be a reasonable grace period).
Contents of Termination Notice. The notice must specify:
(i) each Transaction to be terminated; and
(ii) the Break Date.
