Common use of Effect of Termination Notice Clause in Contracts

Effect of Termination Notice. Where Network Rail or the Train Operator has served a Termination Notice on the other: the service of the Termination Notice shall not affect the parties’ continuing obligations under this contract up to the date of termination, which date shall be determined in accordance with paragraph 3.4(c); the party which has served the Termination Notice shall withdraw it by notice to the other party, upon being reasonably satisfied that the relevant Event of Default has been remedied; and this contract shall terminate on the later of: the date and time specified in the Termination Notice for the contract to terminate (or such later date and time as the party which served the Termination Notice notifies to the other before the date and time so specified); and the date on which a copy of the Termination Notice is given to XXX. Unilateral right of termination The Train Operator may at any time serve a notice on Network Rail to terminate this contract (a "unilateral termination notice"). In such circumstances, the Train Operator shall send a copy of the unilateral termination notice to XXX. Contents of unilateral termination notice The unilateral termination notice shall specify a date and time on which termination of this contract is to take effect (which shall not be earlier than 12 months from the date on which the unilateral termination notice is served on Network Rail).

Effect of Termination Notice. Where Network Rail or the Train Operator has served a Termination Notice on the other: the service of the Termination Notice shall not affect the parties’ ' continuing obligations under this contract up to the date of termination, which date shall be determined in accordance with paragraph 3.4(c); the party which has served the Termination Notice shall withdraw it by notice to the other party, upon being reasonably satisfied that the relevant Event of Default has been remedied; and this contract shall terminate on the later of: the date and time specified in the Termination Notice for the contract to terminate (or such later date and time as the party which served the Termination Notice notifies to the other before the date and time so specified); and the date on which a copy of the Termination Notice is given to XXX. Unilateral right Consequence of termination The Train Operator may at any time serve a notice on Network Rail to terminate Directions regarding location of Specified Equipment Immediately before, upon or following termination or expiry of this contract (a "unilateral termination notice"). In such circumstancescontract, the Train Operator shall send a copy comply or procure compliance with all reasonable directions given by Network Rail concerning the location of the unilateral termination notice to XXX. Contents of unilateral termination notice The unilateral termination notice shall specify a date and time on which termination of this contract is to take effect (which shall not be earlier than 12 months from the date on which the unilateral termination notice is served on Network Rail)Specified Equipment.

Effect of Termination Notice. Where Network Rail the CVL IM or the Train Operator has served a Termination Notice on the other: the service of the Termination Notice shall not affect the parties’ ' continuing obligations under this contract up to the date of termination, which date shall be determined in accordance with paragraph 3.4(c); the party which has served the Termination Notice shall withdraw it by notice to the other party, upon being reasonably satisfied that the relevant Event of Default has been remedied; and this contract shall terminate on the later of: the date and time specified in the Termination Notice for the contract to terminate (or such later date and time as the party which served the Termination Notice notifies to the other before the date and time so specified); and the date on which a copy of the Termination Notice is given to XXX. Unilateral right Consequence of termination The Train Operator may at any time serve a notice on Network Rail to terminate Directions regarding location of Specified Equipment Immediately before, upon or following termination or expiry of this contract (a "unilateral termination notice"). In such circumstancescontract, the Train Operator shall send a copy comply or procure compliance with all reasonable directions given by the CVL IM concerning the location of the unilateral termination notice to XXX. Contents of unilateral termination notice The unilateral termination notice shall specify a date and time on which termination of this contract is to take effect (which shall not be earlier than 12 months from the date on which the unilateral termination notice is served on Network Rail)Specified Equipment.

Effect of Termination Notice. Where Network Rail or the Train Operator has served a Termination Notice on the other: the service of the Termination Notice shall not affect the parties’ ' continuing obligations under this contract up to the date of termination, which date shall be determined in accordance with paragraph 3.4(c); the party which has served the Termination Notice shall withdraw it by notice to the other party, upon being reasonably satisfied that the relevant Event of Default has been remedied; and this contract shall terminate on the later of: the date and time specified in the Termination Notice for the contract to terminate (or such later date and time as the party which served the Termination Notice notifies to the other before the date and time so specified); and the date on which a copy of the Termination Notice is given to XXX. Unilateral right of termination The Train Operator may at any time serve a notice on Network Rail to terminate this contract (a "unilateral termination notice"). In such circumstances, the Train Operator shall send a copy of the unilateral termination notice to XXX. Contents of unilateral termination notice The unilateral termination notice shall specify a date and time on which termination of this contract is to take effect (which shall not be earlier than 12 months from the date on which the unilateral termination notice is served on Network Rail).