Common use of Termination following Event of Default Clause in Contracts

Termination following Event of Default. 16.4.1 Without prejudice to any other right or remedy under the LSA, a Party may terminate (all but not part of) the LNG Services without the need for a court’s intervention and without indemnity by written notice of ninety (90) Days to the other Party in case of an Event of Default in respect of the other Party which has not been remedied upon expiry of the notice served to the Defaulting Party pursuant to GC 16.3.1. Such termination shall not take effect if the Event of Default has been remedied during the ninety (90) Days’ notice period under this GC 16.4.1.

Appears in 4 contracts

Samples: LNG Services Agreement, LNG Services Agreement, LNG Services Agreement

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