By Jeppesen Sample Clauses

By Jeppesen a) If Distributor breaches any provision of this Agreement, and fails to cure such breach within thirty (30) days following written notice by Jeppesen specifying the breach, then Jeppesen may, in addition to any other remedies available to it under this Agreement or applicable law, immediately tenninate this Agreement and any rights granted to Distributor hereunder . b) Jeppesen may immediately , without any prior notice , terminate this Agreement and any rights granted to Distributor hereunder upon the occurrence of any of the following events: (i) failure of Distributor to pay any invoice due hereunder within 30 days after expiry of invoice payment term; (ii) a receiver is appointed for any part of Distributor’s property; (iii) Distributor makes a general assignment for the benefits of its creditors; (iv) Distributor becomes insolvent or if bankruptcy or receivership proceedings are initiated by or against Distributor; or (v) Distributor ceases or threatens to cease to carry on its present business. c) If Distributor fails to achieve the annual minimum sales volume set forth Exhibit A in any given year, Jeppesen may, in its sole discretion, terminate this Agreement upon thirty (30) days written notice to Distributor.
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