Cancellation by Either Party Clause Samples

The 'Cancellation by Either Party' clause allows both parties to terminate the agreement under specified conditions. Typically, this clause outlines the process for providing notice of cancellation, any required advance warning period, and may detail any obligations or penalties that arise from early termination. Its core function is to provide flexibility and a clear exit mechanism for both parties, reducing uncertainty and potential disputes if the business relationship needs to end prematurely.
Cancellation by Either Party. Either party may terminate or cancel this License Agreement immediately upon written notice to the other party if the other party fails to perform any of its duties or obligations hereunder and fails to cure such default within thirty (30) days after receipt of written notice from the non-defaulting party specifying the occurrence or existence of the default. If Licensee is in default, Licensor reserves the right, in addition to all other rights and remedies it may have, to withhold further performance of its obligations under this License Agreement and to repossess the Software and all related equipment and documentation.
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Cancellation by Either Party. In the event of violation of any one of the clauses hereof by one of the parties, the Agreement may be cancelled by the other party thirty (30) days after having given formal notice thereof by registered letter with return receipt requested, which formal notice has remained without response; all of the foregoing is without prejudice to any damages and losses that might be claimed from the defaulting party. Furthermore, the within Agreement may be ipso jure cancelled if a formal notification addressed to the court-appointed receiver has remained without response for more than one (1) month, in the event that a bankruptcy proceeding is initiated against either of the parties hereto.
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Cancellation by Either Party. Either party may cancel forty-five (45) calendar days or more before the date of the event. In this situation, the full amount of Client’s advance will be refunded.
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Cancellation by Either Party. 5.1. Either Party to this agreement can cancel with 60 days written notice. If PTN elects to cancel this agreement within the 60-day period, PTN will pay to the channel two times the previous months revenue and will immediately remove the channel's content. If the channel fails to provide content as noted in section 4.1 without 60 days’ notice, the action will be considered a cancellation without notification. In this case, PTN will continue to offer the channels content for 60 days and will receive all revenue during that period. After the 60 day period concludes, all of the channel's content will be removed from the network.
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Cancellation by Either Party. Notwithstanding anything to the contrary contained in this Agreement, no termination declared by either party shall be effective except as follows: A. For termination for cause other than failure of the Airline to pay Rentals due under this Agreement, the terminating party must give thirty (30) days prior written notice of the date and cause of termination. If the termination is for default, the default must be specified in the notice. If the defaulting party cures the default during the thirty
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Cancellation by Either Party. Each party may terminate this Agreement with immediate effect if the other party violates a term or the terms of this Agreement and fails to cure such breach within five (5) days of the other party’s written notice. Upon termination of this Agreement by Sponsor for reasons attributable to Organizer, Organizer shall cease use of the Sponsor’s Marks as promptly as practicable and Organizer shall redeem 50% of the Sponsorship fee paid by the Sponsor in connection with an upcoming Event which has not been started yet. Upon termination on any other grounds, Organizer may continue to use the Marks regarding the Event in the Sponsorship Catalogue and no Sponsorship fee may be redeemed.
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Related to Cancellation by Either Party

  • Termination by Either Party This Agreement may be terminated upon 60 days written notice without cause or penalty by either the Company (acting through the Conflicts Committee) or the Advisor. The provisions of Articles 1, 10, 12, 13, 15 and 16 shall survive termination of this Agreement.

  • Cancellation by You 5.1. If you wish to cancel your Booking for whatever reason, you must confirm in writing to us that. Your cancellation will come into effect on the date that we receive your written confirmation that your Booking has been cancelled. 5.2. If you cancel your Booking, the cancellation fees will include the total Scheduled Payments due to us for your Booking by the date of cancellation. You agree to pay us any Scheduled Payments that are due but unpaid at the point that you cancel your Booking. 5.3. In addition to the cancellation fees in clause 5.2, depending on the period of time between our receiving your written instruction to cancel your booking and the date of the event, you will owe the following cancellation fees: 5.3.1. £2,000 (excluding VAT) if we receive your written instruction to cancel less than 3 calendar months but more than 8 weeks before the date of the event, or; 5.3.2. the balance showing on the final catering invoice if we receive your written instruction to cancel at or less than 8 weeks before the date of the event and the final invoice has been issued. 5.4. Notwithstanding clauses 5.2 and 5.3 , if at any time we receive a replacement Booking for the cancelled date following cancellation by you, we will refund to you any Catering Fees and cancellation fees we have received from you, less the Cancellation Costs. 5.5. It is your responsibility to notify your Suppliers of any cancellation. Please note that notifying your Suppliers of a cancellation does not cancel your Booking. 5.6. Upon cancellation of your Booking, we will issue an invoice to you for any amounts due in accordance with this clause 5 which shall be payable within 14 days of the date of the invoice. Any subsequent refunds due to you pursuant to clause 5.4 will then be made within 14 days by us following completion of the event for a replacement Booking.

  • Cancellation by Us If We cancel this Agreement, We shall mail to You written notice to Your last known address stating the reason and effective date of cancellation at least ten (10) days prior to cancellation by Us. Prior notice is not required if We cancel for nonpayment of the Purchase Price, material misrepresentation by You to Us, or substantial breach of duties by You relating to the Covered Vehicle or its uses.

  • Termination by XOOM We may terminate this Contract, or the applicable portion of this Contract, at our discretion and without penalty immediately upon notice to you if: a. do not pay your bill in full by the date on your bill; b. do anything that prevents us from supplying you with Energy or services; c. increase your consumption above 2500 gigajoules per year; or d. do not give us satisfactory financial or credit information, do not give us a deposit when we request one, or do not meet our credit requirements. We may terminate this Contract, or the applicable portion of this Contract, at our direction and without penalty for any other reason on thirty (30) days notice unless you have a fixed Energy Charge. In that case, we will honour the fixed Energy Charge for the applicable Term, provided that you continue to meet the conditions of this Contract and subject to our other rights of cancellation listed in this Section.

  • Termination by ▇▇▇▇▇ Subject to Section 5.2, the CAISO may terminate this Agreement by giving written notice of termination in the event that the Participating Load commits any material default under this Agreement and/or the CAISO Tariff which, if capable of being remedied, is not remedied within thirty (30) days after the CAISO has given, to the Participating Load, written notice of the default, unless excused by reason of Uncontrollable Forces in accordance with Article X of this Agreement. With respect to any notice of termination given pursuant to this Section, the CAISO must file a timely notice of termination with FERC, if this Agreement was filed with FERC, or must otherwise comply with the requirements of FERC Order No. 2001 and related FERC orders. The filing of the notice of termination by the CAISO with FERC will be considered timely if: (1) the filing of the notice of termination is made after the preconditions for termination have been met, and the CAISO files the notice of termination within sixty (60) days after issuance of the notice of default; or (2) the CAISO files the notice of termination in accordance with the requirements of FERC Order No. 2001. This Agreement shall terminate upon acceptance by FERC of such a notice of termination, if filed with FERC, or thirty (30) days after the date of the CAISO’s notice of default, if terminated in accordance with the requirements of FERC Order No. 2001 and related FERC orders.