Examples of Notice of Intention to Terminate in a sentence
Upon the issuance of a Notice of Intention to Terminate, the defaulting Party shall have the right to rectify or cure the breach within 15 days of receipt of such Notice of Intention to Terminate ("Cure Period").
In the event that the Commission decides to exercise the right to terminate this Agreement for cause, the Commission shall give the Contractor advance written Notice of Intention to Terminate for Cause (“Notice”).
Notwithstanding anything contained in the Agreement, the Operator cannot exercise the right to issue Notice of Intention to Terminate after 60 days of signing this Agreement.
Without prejudice to any other right or remedies which the non-defaulting Party may have under this Agreement, upon the occurrence of either an Operator Event of Default or a Secretary Event of Default, the defaulting Party shall be liable for the breach caused and consequences thereof and the non-defaulting Party shall have the right to issue a notice expressing its intention to terminate this Agreement to the other Party ("Notice of Intention to Terminate").
Following the issue of a Notice of Intention to Terminate pursuant to Clause 19.4.1 or 19.4.2, except if due to a default in payment by NamPower, the Parties shall consult for thirty (30) days, or such longer period as the Parties may agree, to determine what steps need to be taken to prevent termination of this Agreement.