Common use of Effect of Termination Notice Clause in Contracts

Effect of Termination Notice. Where 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.

Effect of Termination Notice. Where 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.. Consequence of termination

Effect of Termination Notice. Where the CVL IM Network Rail or the Train Operator Freight Customer 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.