Common use of Process for Termination Clause in Contracts

Process for Termination. This document terminates where: (a) either: (i) the Development Approval does not have effect or ceases to have effect under the Planning Act; (ii) the Development has been completed and the responsibilities under this document have been performed and fulfilled; or (iii) the parties agree: (A) that the performance and fulfilment of this document has been frustrated by an event outside of the control of the parties; and (B) to terminate this document; (b) a party gives a Notice to each other party stating that an event specified in clause 12.1(a) has occurred and that the party giving the Notice proposes to terminate this document; and (c) at a date which is 15 Business Days after the giving of the Notice specified in clause 12.1(b), the party giving the Notice gives a further Notice to each other party which states that this document is terminated.

Process for Termination. ‌ This document terminates where: (a) either:either:‌ (i) the Development Approval does not have effect or ceases to have effect under the Planning Act; (ii) the Development has been completed and the responsibilities under this document have been performed and fulfilled; or (iii) the parties agree: (A) that the performance and fulfilment of this document has been frustrated by an event outside of the control of the parties; and (B) to terminate this document; (b) a party gives a Notice to each other party stating that an event specified in clause 12.1(a) has occurred and that the party giving the Notice proposes to terminate this document; andand‌ (c) at a date which is 15 Business Days after the giving of the Notice specified in clause 12.1(b), the party giving the Notice gives a further Notice to each other party which states that this document is terminated.