Common use of Term and Notice Clause in Contracts

Term and Notice. The License and privileges herein granted Licensee for the use and maintenance of the structures and/or crossing under this Agreement shall continue for so long and only so long as Licensee, its successors and assigns comply with the provision hereof. Licensee agrees that in case of any failure on the part of Licensee to fully perform the covenants and agreements to be performed hereunder, this License may be immediately revoked and terminated and the task performed by Licensor at Licensor’s sole election. Licensor agrees to give Licensee written notice of its election to Licensee addressed as follows: [INSERT CONTACT INFORMATION] or to such other person or persons as may be designated in writing by Licensee to receive such notice. Licensor’s election to terminate this Agreement and performance of Licensee’s task or removal of any crossing or structure hereunder shall not relieve Licensee of any liability hereunder for the costs and expenses to Licensor of Licensee’s breach of this Agreement or the costs and expense of removal.

Term and Notice. The License and privileges herein granted Licensee for the use and maintenance of the structures and/or crossing under this Agreement shall continue for so long and only so long as Licensee, its successors and assigns comply with the provision hereof. Licensee agrees that in case of any failure on the part of Licensee to fully perform the covenants and agreements to be performed hereunder, this License may be immediately revoked and terminated and the task performed by Licensor at Licensor’s sole election. Licensor agrees to give Licensee written notice of its election to Licensee Xxxxxxxx addressed as follows: [INSERT CONTACT INFORMATION] or to such other person or persons as may be designated in writing by Licensee to receive such notice. Licensor’s election to terminate this Agreement and performance of Licensee’s task or removal of any crossing or structure hereunder shall not relieve Licensee of any liability hereunder for the costs and expenses to Licensor of Licensee’s breach of this Agreement or the costs and expense of removal.