Helical gear unit H3 zapex flender H3-VV24A

Flender/Flender Gear Units/Helical gear unit H3

curred as result of such suspension (.. payments to subcontractors, cost of waiting time, demobilization and remobilization, etc.). Any contr actual dates shall be extended for reasonable period to overcome the effects of the suspension. 1. Termination 1.1 Either party may terminate this Contract with immediate effect by written notice, if the other party becomes bankrupt or insolvent, has receiving order made against it or compounds with its creditors, or carries on business under receiver, trustee or manager for the benefit of its creditors or goes into liquidation. 1.2 Save as provided under Clause 6.4 and Clause 1.1 , the Customer may terminate the Contract only in the circumstances set out below and in each case upon 1 days written notice to Flender : ) in the event of delay, if the maximum liquidated damages under Clause 4.3 are payable, reasonable additional period of time for delivery has been granted to Flender and has expired, and within that time Flender has not provided commitment to pay further liquidated damages exceeding the before -mentioned maximum liquidated damages in respect of the continuing period of delay ; or ) in the event Flender has materially breached the Contract and has not remedied the breach within reasonable period after receiving written notification of the breach from the Customer. 1.3 Any termination by the Customer shall not affect those parts of the Supplies already delivered or performed in accordance with the Contract prior to the termination. After termination in accordance with Clause 1.2, the Customer shall remain liable to pay Flender for all parts of the Supplies already delivered prior to termination. The Customer shall be entitled to compensation for the reasonable costs incurred in excess of the Contract Price if it had the defective Supplies delivered/remedied by third party. For the avoidance of doubt, Clause 1 shall apply in case of termination. The righ