Common use of Agreement Period and Termination Clause in Contracts

Agreement Period and Termination. 13.1 Unless terminated in accordance with its terms, the Agreement shall commence on the Commencement Date stated in the Customer Agreement and be effective for the first Contract Year. 13.2 The Agreement shall automatically extend for further Contract Years unless terminated in accordance with its terms. 13.3 The Supplier may terminate this Agreement for convenience at any time on no less than 3 months written notice to the Customer. 13.4 Either Party is entitled to terminate the Agreement in writing, including confirmed orders and ongoing subscription to the Results Portal with immediate effect, if the other Party: (a) commits an irremediable breach of this Agreement, persistently breaches this agreement, or commits any remediable breach and fails to remedy it within 30 days of receipt of a notice which identifies the breach in question and requires its remedy; (b) is unable to pay its debts within the meaning of Section 123 of the Insolvency Xxx 0000 or suffers any event (including, insolvent liquidation, a declaration of bankruptcy, the presentation of a bankruptcy or a winding up petition which is not withdrawn, dismissed or discharged within 30 days of its presentation or the appointment of an administrator, receiver or similar over any of its assets or undertaking) which could be reasonably considered to indicate that it is insolvent or at serious risk of becoming so in the relatively near future; or (c) ceases or threatens to cease to carry on business. 13.5 In the event of termination of the Agreement, the Supplier shall, at Customer’s written request, export the Customer’s Data to the medium requested by the Customer for the compensation stated in the Customer Agreement. The Customer shall, no later than 14 days before the termination of the Agreement, notify the Supplier if it desires said export of information to be performed and to what medium. The Supplier is entitled to erase the Customer’s Data following the expiration of the Agreement.

Appears in 2 contracts

Samples: Customer Agreement, Customer Agreement

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Agreement Period and Termination. 13.1 Unless terminated in accordance with its terms, the Agreement shall commence on the Commencement Date stated in the Customer Agreement and be effective for the first Contract Yearduration of the Contact Term. 13.2 The Agreement shall automatically extend for further Contract Years Terms unless terminated in accordance with its terms. 13.3 The Supplier may terminate this Agreement for convenience at any time on no less than 3 months written notice to the Customer. 13.4 Either Party is entitled to terminate the Agreement in writing, including confirmed orders and ongoing subscription to the Results Portal with immediate effect, if the other Party: (a) commits an irremediable breach of this Agreement, persistently breaches this agreement, or commits any remediable breach and fails to remedy it within 30 days of receipt of a notice which identifies the breach in question and requires its remedy; (b) is unable to pay its debts within the meaning of Section 123 of the Insolvency Xxx 0000 or suffers any event (including, insolvent liquidation, a declaration of bankruptcy, the presentation of a bankruptcy or a winding up petition which is not withdrawn, dismissed or discharged within 30 days of its presentation or the appointment of an administrator, receiver or similar over any of its assets or undertaking) which could be reasonably considered to indicate that it is insolvent or at serious risk of becoming so in the relatively near future; or (c) ceases or threatens to cease to carry on business. 13.5 In the event of termination of the Agreement, the Supplier shall, at Customer’s written request, export the Customer’s Data to the medium requested by the Customer for the compensation stated in the Customer Agreement. The Customer shall, no later than 14 days before the termination of the Agreement, notify the Supplier if it desires said export of information to be performed and to what medium. The Supplier is entitled to erase the Customer’s Data following the expiration of the Agreement. The Supplier will delete data within 90 days of receiving written confirmation of termination from the Customer.

Appears in 1 contract

Samples: Customer Agreement

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Agreement Period and Termination. 13.1 Unless terminated in accordance with its terms, the Agreement shall commence on the Commencement Date stated in the Customer Agreement and be effective for the first Contract Year. 13.2 The Agreement shall automatically extend for further Contract Years unless terminated in accordance with its terms. 13.3 The terms or terminated by the Customer by serving written notice on the Supplier may terminate this Agreement for convenience at any time on no not less than 3 months written notice prior to the Customerfinal day of the current Contract Year. 13.4 13.3 Either Party is entitled to terminate the Agreement in writing, including confirmed orders and ongoing subscription to the Results Portal with immediate effect, if the other Party: (a) commits an irremediable breach of this Agreement, persistently breaches this agreementAgreement, or commits any remediable breach and fails to remedy it within 30 days of receipt of a notice which identifies the breach in question and requires its remedy; (b) is unable to pay its debts within the meaning of Section 123 of the Insolvency Xxx 0000 Act 1986 or suffers any event (including, insolvent liquidation, a declaration of bankruptcy, the presentation of a bankruptcy or a winding up petition which is not withdrawn, dismissed or discharged within 30 days of its presentation or the appointment of an administrator, receiver or similar over any of its assets or undertaking) which could be reasonably considered to indicate that it is insolvent or at serious risk of becoming so in the relatively near future; or (c) ceases or threatens to cease to carry on its business. 13.5 13.4 In the event of termination of the Agreement, the Supplier shall, at the Customer’s written request, export the Customer’s Data to the medium requested by the Customer for the compensation stated in the Customer Agreement. The Customer shall, no later than 14 days before the termination of the Agreement, notify the Supplier if it desires said export of information to be performed and to what medium. The Supplier is entitled to erase the Customer’s Data following the expiration of the Agreement.

Appears in 1 contract

Samples: General Terms and Conditions

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