Common use of COMMENCEMENT, DURATION AND TERMINATION Clause in Contracts

COMMENCEMENT, DURATION AND TERMINATION. 13.1 This Agreement shall continue in full force and effect from the Commencement Date until the earliest of the following: 13.1.1 the Authorities agree in writing to its termination; 13.1.2 when one or more Authorities withdraw under clause 9 (Withdrawal) and the Business Case demonstrates, to the remaining Authorities, that there is no longer sufficient financial benefit for them to continue with the Project; or 13.1.3 completion of the Project Agreement. 13.2 Without prejudice to any other rights or remedies of the Authorities, this Agreement may be terminated in relation to any Authority (“Defaulter”) by the other Authorities (“Non-Defaulting Parties”) acting unanimously in giving written notice to the Defaulter effective on receipt where the Defaulter breaches any of the provisions of this Agreement and, in the case of a breach capable of remedy, fails to remedy the same within five (5) Working Days of being notified of each breach in writing by the Non-Defaulting Parties and being required to remedy the same.

COMMENCEMENT, DURATION AND TERMINATION. 13.1 18.1 This Agreement shall continue in full force and effect from the Commencement Date until the earliest of the followingfollowing dates: 13.1.1 18.1.1 the Authorities agree in writing to its termination; 13.1.2 when one or more Authorities withdraw under clause 9 (Withdrawal) and the Business Case demonstrates, to the remaining Authorities, that 18.1.2 there is no longer sufficient financial benefit for them to continue only one remaining Authority who has not withdrawn from the Agreement in accordance with Clause 15 (Withdrawal during the ProjectProcurement Exercise); or 13.1.3 completion 18.1.3 the date of execution of the Project Agreement. 13.2 18.2 Without prejudice to any other rights or remedies of the Authorities, this Agreement may be terminated in relation to any Authority (“Defaulter”) by the other Authorities (“Non-Defaulting Parties”) acting unanimously in giving written notice to the Defaulter effective on receipt where the Defaulter breaches any of the provisions of this Agreement and, in the case of a breach capable of remedy, fails to remedy the same within five (5) Working Business Days of being notified of each breach in writing by the Non-Defaulting Parties and being required to remedy the same.