Common use of DURATION - CANCELLATION Clause in Contracts

DURATION - CANCELLATION. The Agreement is entered into for a period of 10 years starting 1 June 2014. A minimum of 18 months before expiration of this agreement, absent a statement by one Party of its intent not to continue contractual relations after the end of this agreement, by registered letter with acknowledgement of receipt, the duration of the Agreement shall be automatically extended for an additional term of five years. In the event of total or partial breach of its obligations by one of the Parties, the other Party may cancel the Agreement as a full matter of law, without indemnification or prior notice, after issuance of a notice to perform that has remained unaddressed for thirty days. This agreement may also be cancelled as a full matter of law after issuance of a notice to perform that has remained unaddressed for thirty days in the following cases: · in the case of breach of one or more of its stipulations, · in the case of change of control, as defined by Article L. 233-16 of the French Commercial Code [Code de Commerce], by one of the Parties, · in the case of court-ordered reorganisation or liquidation of one of the Parties, subject to the mandatory legal provisions. The non-defaulting Party also reserves the right to file legal action for all legitimate damages and interest.

DURATION - CANCELLATION. The Agreement is entered into for a period of 10 years starting 1 June 2014. A minimum of 18 months before expiration of this agreement, absent a statement by one Party of its intent not to continue contractual relations after the end of this agreement, by registered letter with acknowledgement of receipt, the duration of the Agreement shall be automatically extended for an additional term successive periods of five yearsthe same duration. In the event of total or partial breach of its obligations by one of the Parties, the other Party may cancel the Agreement as a full matter of law, without indemnification or prior notice, after issuance of a notice to perform that has remained unaddressed for thirty days. This agreement may also be cancelled as a full matter of law after issuance of a notice to perform that has remained unaddressed for thirty days in the following cases: · in the case of breach of one or more of its stipulations, · in the case of change of control, as defined by Article L. 233-16 of the French Commercial Code [Code de Commerce], by one of the Parties, · in the case of court-ordered reorganisation or liquidation of one of the Parties, subject to the mandatory legal provisions. The non-defaulting Party also reserves the right to file legal action for all legitimate damages and interest.