TERMINATION AND EXIT Clause Samples
The 'Termination and Exit' clause defines the conditions and procedures under which a contract may be ended by either party before its natural expiration. It typically outlines the specific events or breaches that can trigger termination, the required notice periods, and the responsibilities of each party upon exit, such as returning confidential information or settling outstanding payments. This clause is essential for providing a clear and fair process for ending the contractual relationship, thereby reducing uncertainty and potential disputes if the agreement needs to be concluded early.
TERMINATION AND EXIT. Termination on material Default (Clause 41.2.1(c) of the Lease Agreement Terms)): In Clause 41.2.1(c) of the Lease Agreement Terms.
TERMINATION AND EXIT. Termination on material Default (Clause 41.(c) of the Call Off Terms)): As set out in Clause 41.2.1
TERMINATION AND EXIT. Termination on material Default (Clause 41.2.1(c) of the Call Off Terms)): In Clause 41.2.1(c) of the Call Off Terms.
TERMINATION AND EXIT. 8.1 Termination on material Default (Clause 41.2.1(c) of the Call Off Terms)): In Clause 41.2.1(c) of the Call Off Terms
8.2 Termination without cause notice period (Clause 41.7.1 of the Call Off Terms): In Clause 41.7.1 of the Call Off Terms
TERMINATION AND EXIT. Termination on material Default (Clause 41.2.1(c) of the Call Off Terms)): [In Clause 42.2.1(c) of the Call Off Terms] [OR] [The percentage of “80%” in Clause Error: Reference source not found shall be amended to [ ]] Guidance Note: consider Clause 41.2.1(c) (Termination on Material Default). Insert an appropriate percentage to facilitate the ability of the Customer to terminate the Call Off Contract for material Default where, as a result of any Defaults, the Customer incurs Losses in any Call Off Contract Year which exceed a certain percentage of the value of the Supplier’s aggregate annual liability limit for that Call Off Contract Year as set out in Clause Error: Reference source not found (Financial Limits).
TERMINATION AND EXIT. After June 2010 or the last deadline set by the Monitor, whichever is later, Defendants may seek a ruling from the Court terminating the Court’s jurisdiction over this Agreement based on Defendants’ demonstrating that they have achieved and maintained compliance with this Agreement for a continuous period of at least two years. In order to demonstrate that they have achieved and maintained compliance for a continuous period of at least two years, Defendants may prove compliance with the Agreement during the period from June 2010 and thereafter, as long as Defendants also prove that they have achieved and sustained compliance with the applicable interim and final measures.
TERMINATION AND EXIT. Termination on material Default (Clause [*13*] of the Rental Terms)): [In Clause [13.2.3.3**] of the Rental Terms] [OR] [The percentage of “80%” in Clause [*13*] shall be amended to [ ]] Guidance Note: consider Clause [*13.2**] (Termination on Material Default). Insert an appropriate percentage to facilitate the ability of the Customer to terminate the Rental Agreement for material Default where, as a result of any Defaults, the Customer incurs losses in any Rental Year which exceed a certain percentage of the value of the Supplier’s aggregate annual liability limit for that Rental Year as set out in Clause [13**](Financial Limits). [Early Termination notice period] (Clause [*13.1*] of the Rental Terms): [In Clause [13.1**] of the Rental Terms] [OR] [The period of [thirty (30) days] in Clause [13.1**] shall be amended to [ ]] Guidance Note: [consider Clause [13.1**] (Early Termination)]. Confirm the minimum number of Working Days that should be the notice period in respect of early termination. Suppliers inspection of Delivery Place, Customer property and Customer assets: [ ] Guidance Note: see Clauses [2**] (Due Diligence and Preliminary Terms) and any provisions relating to Customer premises and Customer property. Consider if inspection of the Delivery Place by the Supplier is required. Insert any issues raised by the Supplier in respect of any aspects of the Delivery Place, Customer assets, Customer property that may affect the provision of the Generators and/or Services and any agreed action to be taken in respect thereof. Commercially Sensitive Information: [ ] Guidance Note: see Clause [*8.6*] (Freedom of Information) and the definition of Commercially Sensitive Information in Rental TermsClause [*1*] (Definitions). Specify any Commercially Sensitive Information of the Supplier and the duration for which it should be confidential. Notwithstanding the designation of any such information as Commercially Sensitive Information, if the information would not be exempt under FOIA or the EIRs the Customer may publish it under Clause [*8.6*](Freedom of Information) and/or Clause [*8.7*] (Transparency).
TERMINATION AND EXIT. 9.1 Either Party may terminate this Agreement or an individual Service with immediate effect without notice if the other Party:
9.1.1 commits a material breach of this Agreement, which is capable of remedy, and fails to remedy the breach within a reasonable time of a written notice to do so; or
9.1.2 commits a material breach of this Agreement which cannot be remedied.
9.2 Either Party may terminate this Agreement by giving at least 6 months’ notice in writing to the other Party. The provisions of clause 10 shall apply.
9.3 Either Party may terminate an individual Service in accordance with the terms set out in the relevant Schedule for that Service. In the event that the Schedule for the individual Service does not contain provisions in respect of termination, clause 9.2 above shall apply.
TERMINATION AND EXIT. 8.1 Termination on material Default (Clause 41.2 of this Lease Agreement Terms): In Clause 41.2 of this Lease Agreement Terms
8.2 Termination without cause notice period (Clause 41.7 of this Lease Agreement Terms): Thirty (30) Working Days in Clause 41.7.1 shall be amended to ninety (90) Working Days.
TERMINATION AND EXIT. Termination on material Default (Clause 41.2.1(c) of the Contract Terms)): [In Clause 41.2.1(c) of the Contract Terms] [OR] [The percentage of “80%” in Clause 41.2.1(c) shall be amended to [ ]] Guidance Note: consider Clause 41.2.1(c) (Termination on Material Default). Insert an appropriate percentage to facilitate the ability of the Customer to terminate the Contract for material Default where, as a result of any Defaults, the Customer incurs Losses in any Contract Year which exceed a certain percentage of the value of the Suppliers aggregate annual liability limit for that Contract Year as set out in Clause 36.2.1 (Financial Limits).