Either of the Parties may terminate the Contract as of right, without prejudice to the exercise of its other rights and remedies, in the following cases: - Suspension pursuant to Article 20.1 for more than three (3) consecutive months starting from the date ofnotification by Xxxxxxxxx; - If an event of force majeure occurs that is of such a nature as to delay the performance of the Contract by more than three (3) months, without further formality other than the dispatch to the other Party of registered letter with acknowledgementofreceipt; or - The other Party fails in any of its obligations under the Contract and shall not have remedied this default within fifteen (15) days following receipt of a notification sent byregisteredletterwith acknowledgementofreceiptfromthenon-defaultingParty.
Either of the Parties who believes that the economic-financial balance of the Contract has been affected may request the restoration thereof when the percentage established in Clause 15.6 has been reached, sending a written proposal to the other Party with sufficient support for the solutions and procedures to be followed for its restoration. The copy of the request shall be submitted to the OSINERGMIN, so that it may issue a technical/economic opinion regarding the request within twenty (20) Days, which shall then be evaluated by the GRANTOR, without said opinion be binding upon it. The Party receiving the request shall respond to it within thirty (30) Days. In the event any objections are raised, they shall be absolved within a term not to exceed thirty (30) Days after receipt of the notice, and the pronouncement shall be communicated within the following thirty
Either of the Parties hereto acknowledges and warrants that its address as provided hereunder is its legal correspondence address, and that the telephone and the fax numbers and the electronic mail addresses as indicated herein are the valid and current numbers and addresses being used at the present, and that it shall immediately notify the other Party, in writing, of any change with respect to any such address or number through the agency of a Notary Public, and also that, otherwise, any notice, warning or notification, which would be sent to any such address, telephone or fax number as indicated herein, shall become effective and give rise to any and all consequences of a legally valid and effective notice, warning and/or notification. The same shall apply for the guarantors.
Either of the Parties may withdraw from the Contract if the other Party breaches the Contract and in spite of a written notification of the breach of the Contract fails to discontinue the breach hereof or to remove the consequences thereof. That shall be without prejudice to the right of the Member to terminate this Contract if he detects any breach of the PRO obligations according to the Act on Waste. The PRO may withdraw from this Contract also for the reasons for which it would not have to, according to the Act on Waste, enter into a contract on the fulfilment of reserved obligations with the Member.
Either of the Parties may terminate this term sheet at any time after the Locking Period without assigning any reason whatsoever upon 90 days written notice to ISP / Franchisee.
