Revocation of Consultation Notice. If during the Remedial Period the underlying Event of Default is cured/ waived to the extent expressly applicable in the Agreement, totally or partially by the Grantor under Clause 15.4 or any clause of the agreement, the Consultation Notice issued by Authorisee is deemed to be withdrawn by the Authorisee and the Authorisee has to take further remedial measures at his own cost. If no action is taken by the Grantor nor replied to Consultation notice then only the notice issued by the Authorisee is valid and Agreement can be terminated under the provisions of Article - 16. If the Consultation notice is issued by the Grantor for events of defaults of Authorisee and the Authorisee fails to take remedy measures or fails to comply the Agreement conditions, Grantor shall have right to terminate the Agreement under provisions of Article-16.
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