Common use of Action to Terminate Clause in Contracts

Action to Terminate. If a party wishes to terminate this Agreement written notice of termination, stating the reasons for termination under sections 13.1 or 13.2, as applicable, must be given by the terminating party to the non-terminating party within sixty (60)days after such event or condition occurs which gives the right to terminate; otherwise, such termination rights are waived with respect to such events, and such events only. Termination is effective on the effective date of such properly given notice.

Action to Terminate. If a party Party wishes to terminate this Agreement written notice of termination, stating the reasons for termination under sections 13.1 10.1 or 13.210.2, as applicable, must be given by the terminating party to the non-terminating party within sixty (60)days 60) days after such event or condition occurs which gives the right to terminate; otherwise, such termination rights are waived with respect to such events, and such events only. Termination is effective on the effective date of such properly given notice.