Actions Upon an Event of Default. If an Event of Default has occurred and is continuing, the non-Defaulting Party, upon written notice to the Defaulting Party, may, in addition to any remedy available at law or in equity, exercise any or all of the following: 1. removal of Broker as billing partner for some or all of the Customer’s Cloud Provider Accounts, such that the Customer will regain the obligation to pay Cloud Provider(s) directly under Customer’s Cloud Provider agreement(s) followed by, 2. immediate termination of this CPA including any effective Service Plan Schedules (which includes any Service Plan Schedule incorporated documentation). An Event of Default shall not excuse any Party from payment of any amounts outstanding and the non-Defaulting Party may assign all or any part of its right to receive such amounts to any third party, including, without limitation, debt collection agencies.
Appears in 4 contracts
Samples: Cloud Purchase Agreement, Cloud Purchase Agreement, Cloud Purchase Agreement
