termination right

Defined in Article 2, Regulation (EU) 2021/23

Definitions over time (1)

  1. 04/07/2020 – today applies on 12/11/2026 Article 2, Regulation (EU) 2021/23 Scope: Whole act

    For the purposes of this Regulation the following definitions apply:

    ‘termination right’ means a right to terminate a contract, a right to accelerate, close out, set-off or net obligations or any similar provision that suspends, modifies or extinguishes an obligation of a party to the contract or a provision that prevents an obligation under the contract from arising that would otherwise arise;

Used in (8 places in 3 provisions on 12/11/2026)

Regulation (EU) 2021/23 (8 in 3)

Recital 772 · Article 2 · Article 575

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