TERMINATION BY CONCESSIONAIRE. 15.2.1 Concessionaire may terminate its performance under this Agreement only in the event of default by the City and a failure by the City to cure such default after receiving notice thereof, all as provided in this Section. Default by the City shall occur if the City fails to observe or perform any of its material duties under this Agreement. Should such a default occur, Concessionaire may deliver a written notice to the Director describing such default and the proposed date of termination. Such date may not be sooner than the 30th day following receipt of the notice. Concessionaire, in its reasonable judgment, may extend the proposed date of termination to a later date if the nature of the default requires more than thirty (30) days to cure. If prior to the proposed date of termination, the City cures such default, then the proposed termination shall be ineffective. If the City fails to cure such default prior to the proposed date of termination, then Concessionaire may terminate its performance under this Agreement as of such date.
TERMINATION BY CONCESSIONAIRE. Concessionaire may terminate its performance under this Agreement only in the event of default by the City and a failure by the City to cure such default after receiving notice thereof, all as provided in this Section. Default by the City shall occur if the City fails to observe or perform any of its material duties under this Agreement. Should such a default occur, Concessionaire may deliver a written notice to the Director describing such default and the proposed date of termination. Such date may not be sooner than the 30th day following receipt of the notice. Concessionaire, in its reasonable judgment, may extend the proposed date of termination to a later date if the nature of the default requires more than 30 days to cure. If prior to the proposed date of termination, the City cures such default, then the proposed termination shall be ineffective. If the City fails to cure such default prior to the proposed date of termination, then Concessionaire may terminate its performance under this Agreement as of such date. In addition, this Agreement may be canceled or terminated by Concessionaire by giving a 30 day written notice to Director upon the occurrence of one or more of the following events specified below: The lawful assumption by the United States government, or any authorized agency thereof, of the operation, control or use of the Airport, or any substantial part thereof, in such manner as to materially restrict Concessionaire from operating thereon for a period of at least 90 consecutive days; The complete destruction of one-third (1/3) or more of the Concession Facilities from a cause other than the negligence or omission-to-act of Concessionaire, its Subcontractors, agents or employees, and the subsequent failure of City to repair or reconstruct said Facilities within 12 months after such destruction; or Any exercise of authority by the federal government which shall so interfere with Concessionaire's use and enjoyment of the Concession Facilities as to constitute a termination, in whole or in part, of this Agreement by operation of law in accordance with the laws of the United States.
TERMINATION BY CONCESSIONAIRE. 14.1 In addition to other remedies available to the Concessionaire, this Agreement shall be subject to termination by the Concessionaire, as set forth below, should any one or more of the following events (hereinafter, “County Default”) occur:
TERMINATION BY CONCESSIONAIRE. The Concessionaire shall have the right to terminate this Concession Contract if: the Implementing Authority commits a material breach in respect of the performance of any of its material obligations hereunder or is in material breach of the warranty given by it under Clause 23.2.2; any part(s) of the Site and/or the Highway are compulsorily acquired or expropriated from the Concessionaire by the State, which results in a material impairment of the Concession Rights; any Material Adverse Governmental Action:- renders the exercise by the Concessionaire of any of its material rights hereunder, or the performance by the Implementing Authority of any of its material obligations hereunder, illegal, void or unenforceable; or is of the nature referred to in Clause 17.2.2 and is not or cannot be remedied within the 60 day period referred to in Clause 17.1 and cannot be adequately compensated in terms of Clause 17.1 ; or the assets or rights or a major portion thereof of the Concessionaire are nationalised or expropriated. The Concessionaire shall, before exercising its rights to terminate this Concession Contract pursuant to Clause 19.2, give written notice to the Implementing Authority requiring the Implementing Authority to remedy the event referred to in Clause 19.2.1. If said event is not remedied before the expiry of the Remedy Period, the Concessionaire may, upon expiry of the Remedy Period, terminate this Concession Contract. If this Concession Contract is terminated pursuant to this Clause 19.2 after the Effective Date, the Implementing Authority shall pay to the Concessionaire an amount (the "Implementing Authority Default Compensation Sum") equal to the aggregate of:- the Expected Equity Value at the date of termination (taking no account of the event which gave rise to such termination or of such termination); and all amounts properly due and payable under any contracts (including without limitation employment contracts) entered into by the Concessionaire in connection with the Project, for the purpose of discharging its obligations under this Concession Contract, prior to the date of such termination (including amounts arising as a result of such termination) provided always that such contracts have been entered into on bona fide arm's length terms (it being acknowledged for the purposes of this sub-clause only that all Associated Agreements, the form of which have been approved by the Implementing Authority, have been entered into on bona fide arm's l...
TERMINATION BY CONCESSIONAIRE. Should CITY fail to perform any of the covenants or requirements, on its part to be kept hereunder, CONCESSIONAIRE shall give written notice thereof to CITY, specifying those acts or things which must occur in order to cure the default. The default notice shall specify a reasonable period of time within which to cure the default. Should the default remain, after expiration of the time granted to cure the same, CONCESSIONAIRE may immediately terminate this Concession Agreement by giving CITY written notice of termination.
TERMINATION BY CONCESSIONAIRE. Concessionaire may terminate this Agreement due to any of the following events of default by the Concessioning Authority (hereinafter called the “Concessioning Authority Event of Default”):
TERMINATION BY CONCESSIONAIRE. The GSTA may terminate this Agreement at any time after (insert the date) by giving the City (insert the days) days’ written notice to the City of the GSTA’s intention to terminate. If the GSTA terminates this Agreement prior to (insert the date), the GSTA shall be entitled to the deposit that secures concessionaire’s performance as described in Article Thirty Four.
TERMINATION BY CONCESSIONAIRE. Concessionaire may terminate its performance under this Agreement only in the event of default by the City of a material obligation and a failure by the City to cure such default after receiving notice thereof, all as provided in this Section. Default by the City shall occur if the City fails to observe or perform any of its material duties under this Agreement. Should such a default occur, Concessionaire may deliver a written notice to the Director describing such default and the proposed date of termination. Such date may not be sooner than the 30th day following receipt of the notice. Concessionaire, at its sole option, may extend the proposed date of termination to a later date. If prior to the proposed date of termination, the City cures such default, then the proposed termination shall be ineffective. If the City fails to cure such default prior to the proposed date of termination, then Concessionaire may terminate its performance under this Agreement as of such date.
TERMINATION BY CONCESSIONAIRE. Concessionaire may terminate this agreement at any time after July 31, 2017, by giving thirty (30) days notice to City of Concessionaire’s intention to terminate. If Concessionaire terminates this agreement prior to July 31, 2017, Concessionaire shall forfeit the deposit that secures Concessionaire’s performance as described in Section 26.
TERMINATION BY CONCESSIONAIRE. 28.1 Concessionaire may terminate This Agreement, upon thirty (30) days prior written notice to the County, conditioned upon the happening of one or more of the following events:
