Common use of Termination or Expiry Clause in Contracts

Termination or Expiry. 18.1 You may terminate this Agreement immediately by written notice to Veolia at any time: (a) if Veolia becomes bankrupt, insolvent or subject to any external administration; or (b) if Veolia is in material breach of any term of this Agreement provided that: (i) you have notified Veolia of the material breach; and (ii) the material breach has not been remedied within 7 days of receipt of notification in clause 18.1(b)(i)). 18.2 You may terminate this Agreement at any time by notice to Veolia, in which case you must pay Veolia any outstanding amounts under this Agreement. 18.3 This Agreement will automatically terminate if you relocate your Site, and the provisions of clause 18.2 shall apply. 18.4 If you terminate this Agreement, or any part of it (other than in accordance with clause 18.1 or 18.2), you will be deemed to have terminated this Agreement in accordance with clause 18.2, and the provisions of clause 18.2 shall apply. 18.5 If Veolia terminates this Agreement in accordance with clause 19.6, you must pay Veolia any outstanding amounts under this Agreement. 18.6 Veolia may terminate this Agreement immediately on written notice to you if you: (a) fail to pay the Charges for 30 days from the date that payment is due; (b) become bankrupt, insolvent or subject to any external administration; (c) are in material breach of any term of this Agreement, provided that: (i) Veolia has notified you of the material breach; and (ii) the material breach has not been remedied within 7 days of receipt of notification in clause 18.6(c)(i); or (iii) pursuant to clause 4(b) of the Credit Terms and Conditions, in the event a “Default Event” (as defined in the Credit Terms and Conditions) occurs. 18.7 If Veolia terminates this Agreement in accordance with clause 18.6, you must pay Veolia any outstanding amounts under this Agreement.