Common use of Right to Terminate Following Event of Default Clause in Contracts

Right to Terminate Following Event of Default. If at any time an Event of Default with respect to a Party (the “Defaulting Party”) has occurred and is then continuing, the other Party (the “Non-Defaulting Party) may terminate this Agreement, by providing the Defaulting Party with at least 3 days’ notice; provided, however, that Client may terminate this Agreement immediately upon notice to CARGILL DIRECT upon any breach of the Risk Management Plan. No termination of this Agreement shall, however, relieve either Party of the obligation to pay the other Party any sums due the other Party under this Agreement.

Right to Terminate Following Event of Default. If at any time an Event of Default with respect to a Party party (the “Defaulting Party”) has occurred and is then continuing, the other Party party (the “Non-Defaulting Party”) may terminate this Agreement, by providing the Defaulting Party with at least 3 30 days’ notice; provided, however, that Client may terminate this Agreement immediately upon notice to CARGILL DIRECT upon any breach of the Risk Management Plan. No termination of this Agreement shall, however, relieve either Party any party of the obligation to pay the any other Party party any sums due the such other Party party under this Agreement.

Right to Terminate Following Event of Default. If at any time an Event of Default with respect to a Party party (the “Defaulting Party”) has occurred and is then continuing, the other Party party (the “Non-Defaulting Party”) may terminate this Agreement, by providing the Defaulting Party with at least 3 30 days’ notice; provided, however, that Client may terminate this Agreement immediately upon notice to CARGILL DIRECT upon any breach of the Risk Management Plan. No termination of this Agreement shall, however, relieve either Party party of the obligation to pay the other Party party any sums due the other Party party under this Agreement.