17 Termination
Either party shall have the right to cancel a purchase order and/or to terminate any
related agreement with immediate effect by providing written notice in the event of the
occurrence of one or more of the following circumstances: (i) if the other party has
final and binding steps taken towards its liquidation; has an administrator, receiver or
statutory manager appointed over all or any of its assets and/ or business, provided
that in the case of any of the events described above, they are not dismissed or
stayed within ten (10) days and are not in order to effect solvent reconstruction of the
party concerned. This clause does not apply to intercompany loans within the
gategroup or; (ii) if the other party fails to perform or comply with any of its material
obligations and such failure is not capable of being remedied, or in the event such
failure is capable of being remedied, but is not remedied and cured within thirty (30)
days after the date written notice of such failure is delivered to the defaulting party.
The right of termination is in addition to, and is not exclusive of, any other rights and
remedies that the non-defaulting party may have under these Terms and Conditions,
at law or in equity, including any right to seek damages or; (iii) if the other party is
unable to fulfil its obligations under the purchase order and/or related agreement in
case of a Force Majeure event.