Common use of General Procedure for Termination of Contract Clause in Contracts

General Procedure for Termination of Contract. The termination of the CONTRACT pursuant to Clause 18.2, shall be formalized by means of a resolution issued by the GRANTOR, using the following procedure: Notice. Before issuing the resolution that declares the CONTRACT terminated pursuant to paragraph 18.2, the GRANTOR shall give the CONCESSIONAIRE a term of no less than thirty (30) CALENDAR DAYS to remedy the cause that supports the termination, under penalty of initiating the termination process. Once this requirement is fulfilled, if the correction is not made, a notice shall be published in the Official Gazette "El Peruano" and a notice shall be sent to the CONCESSIONAIRE and OSIPTEL indicating: That it is proposed to issue a resolution, establishing its scope and effects; The reasons for which it is proposed to issue such resolution; The period of time during which the CONCESSIONAIRE or third PARTIES with an interest may submit written comments or objections to the proposed resolution. Such period shall not be less than thirty (30) CALENDAR DAYS, as of the date of publication of the notice; OSIPTEL shall send to the GRANTOR and the CONCESSIONAIRE its report and opinion on the proposed resolution, within a period that may not be less than thirty (30) CALENDAR DAYS as of the date of publication of the notice; and The date, place and time for the hearing in which the CONCESSIONAIRE, OSIPTEL and any third party with a legitimate interest may submit comments or objections. Said date shall not be less than thirty (30) CALENDAR DAYS counted as of the expiration of the term to submit comments or objections in writing. In the event of a resolution by application of subparagraph n) of paragraph 18.2, the notice for the correction referred to in this paragraph shall not be required and the procedure shall begin with the publication of the notice in the official Gazette El Peruano.