TERMINATION OF THIS AGREEMENT. 13.1 This Agreement may be terminated by either party in any of the following circumstances: a) Under the provision of clause 1.1 of this Agreement, unless renewed by mutual consent of the parties hereto. b) If Bank do not make payments due to THE COMPANY under this Agreement in terms of clauses 2.1 and 2.2 above. c) Under the provision of clause 2.4 of this Agreement. d) Under the provision of clause 4.1 and/or 10 of this Agreement. e) By giving one month’s notice of such termination to the other by either of the parties to this Agreement. f) At the time of termination, all the equipment given under the contract should be in proper working condition. Otherwise, suitable penalty shall be levied on the vendor and such amount can be recovered from the EMD, AMC amount and Guarantee monies. 14.
