Termination shall Sample Clauses
The 'Termination shall' clause defines the conditions and procedures under which a contract or agreement may be ended by one or both parties. Typically, this clause outlines the specific events, breaches, or notice requirements that trigger the right to terminate, such as failure to perform obligations or insolvency. By clearly establishing how and when termination can occur, this clause provides a structured process for ending the contractual relationship, thereby reducing uncertainty and potential disputes between the parties.
Termination shall. (a) not relieve the Concessionaire or the MPRDC, as the case may be, of any obligations hereunder which expressly or by implication survive Termination hereof; and
(b) except as otherwise provided in any provision of this Agreement expressly limiting the liability of either Party, not relieve either Party of any obligations or liabilities for loss or damage to the other Party arising out of or caused by acts or omissions of such Party prior to the effectiveness of such Termination or arising out of such Termination.
Termination shall a. not relieve the SPD or ESCOM, as the case may be, of any obligations hereunder which expressly or by implication survive Termination hereof; and
b. except as otherwise provided in any provision of this Agreement expressly limiting the liability of either Party, not relieve either Party of any obligations or liabilities for loss or damage to the other Party arising out of, or caused by, acts or omissions of such Party prior to the effectiveness of such Termination or arising out of such Termination