By the Service Provider. The Service Provider may, by not less than thirty (30) days written notice to the Trust such notice to be given after the occurrence of any of the events specified in paragraphs (a) through (d) of this Clause GCC 2.9.2, terminate this Contract: (a) If the Trust fails to pay any money due to the Service Provider pursuant to this Contract and not subject to dispute pursuant to Clause GCC 8 hereof within forty-five (45) days after receiving written notice from the Service Provider that such payment is overdue; (b) If the Trust is in material breach of its obligations pursuant to this Contract and has not remedied the same within forty-five (45) days (or such longer period as the Service Provider may have subsequently approved in writing) following the receipt by the Trust of the Service Providers notice specifying such breach; (c) If, as the result of Force Majeure, the Service Provider is unable to perform a material portion of the Service for a period of not less than sixty (60) days; or (d) If the Trust fails to comply with any final decision reached as a result of arbitration pursuant to Clause GCC 8 hereof. (e) If the Service Provider, in its sole discretion and for any reasons what so ever, decides to terminate this Contract.
Appears in 3 contracts
Sources: Service Contract Agreement, Service Contract Agreement, Service Contract Agreement
By the Service Provider. The Service Provider may, by not less than thirty (30) days written notice to the Trust such notice to be given after the occurrence of any of the events specified in paragraphs (a) through (d) of this Clause GCC 2.9.2, terminate this Contract:
(a) If the Trust fails to pay any money due to the Service Provider pursuant to this Contract and not subject to dispute pursuant to Clause GCC 8 hereof within forty-forty- five (45) days after receiving written notice from the Service Provider that such payment is overdue;
(b) If the Trust is in material breach of its obligations pursuant to this Contract and has not remedied the same within forty-five (45) days (or such longer period as the Service Provider may have subsequently approved in writing) following the receipt by the Trust of the Service Providers notice specifying such breach;
(c) If, as the result of Force Majeure, the Service Provider is unable to perform a material portion of the Service for a period of not less than sixty (60) days; or
(d) If the Trust fails to comply with any final decision reached as a result of arbitration pursuant to Clause GCC 8 hereof.
(e) If the Service Provider, in its sole discretion and for any reasons what so ever, decides to terminate this Contract.
Appears in 3 contracts
Sources: Service Contract Agreement, Service Contract Agreement, Service Contract Agreement
By the Service Provider. The Service Provider may, by not less than thirty (30) days written notice to the Trust such notice to be given after the occurrence of any of the events specified in paragraphs (a) through (d) of this Clause GCC 2.9.2, terminate this Contract:
(ai) If the Trust fails to pay any money due to the Service Provider pursuant to this Contract and not subject to dispute pursuant to Clause GCC 8 hereof within forty-forty- five (45) days after receiving written notice from the Service Provider that such payment is overdue;
(bii) If the Trust is in material breach of its obligations pursuant to this Contract and has not remedied the same within forty-five (45) days (or such longer period as the Service Provider may have subsequently approved in writing) following the receipt by the Trust of the Service Providers notice specifying such breach;
(ciii) If, as the result of Force Majeure, the Service Provider is unable to perform a material portion of the Service for a period of not less than sixty (60) days; or
(div) If the Trust fails to comply with any final decision reached as a result of resultof arbitration pursuant to Clause GCC 8 hereof.
(ev) If the Service Provider, in its sole discretion and for any reasons what so ever, decides to terminate this Contract.
Appears in 1 contract
Sources: Service Contract Agreement