Common use of Breach or Default Clause in Contracts

Breach or Default. 1. The Parties agree that all the terms, conditions and/or covenants herein contained shall be deemed essential conditions of this Contract, and in the event of default or breach of any such terms, conditions and or covenants, or should a party become bankrupt, or insolvent, the innocent party shall have a right to terminate and cancel this Contract, by giving thirty (30) days prior written notice to the other party. During the period of the thirty (30) days prior to the intended date of termination as stated in the written notice, the party at fault may prevent the termination of the Contract by curing the events or causes of termination or cancellation of the lease.

Breach or Default. 1. The Parties agree that all the terms, conditions and/or covenants herein contained shall be deemed essential conditions of this Contract, and in the event of default or breach of any such terms, conditions and or and/or covenants, or should a party become bankrupt, or insolvent, the innocent party shall have a right to terminate and cancel this Contract, by giving thirty (30) 60 days prior written notice to the other party. During the period of the thirty (30) 60 days prior to the intended date of termination as stated in the written notice, the party at fault may prevent the termination of the Contract by curing the events or causes of termination or cancellation of the lease.

Breach or Default. 1. The Parties agree that all the terms, conditions and/or and/ or covenants herein contained shall be deemed essential conditions of this Contract, and in the event of default or breach of any such terms, conditions and or covenants, or should a party become bankrupt, or insolvent, the innocent party shall have a right to terminate and cancel this Contract, by giving thirty (30) days prior written notice to the other party. During the period of the thirty (30) days prior to the intended date of termination as stated in the th e written notice, the party at fault may prevent the termination of the Contract by curing the events or causes of termination or cancellation of the lease.