Common use of CANCELLATION OF THIS AGREEMENT Clause in Contracts

CANCELLATION OF THIS AGREEMENT. 1. In the event The Company infringes on any one of the following paragraphs, JBMIA may immediately cancel This Agreement by notifying The Company by a letter. 1) Violation of any one clause of This Agreement and failure to correct such violation even though a peremptory notice is sent after a reasonable length of time. 2) Disposition for a dishonored xxxx. 3) Provisional attachment, provisional disposition, compulsory execution, or other disposition by public power, declaration of company liquidation, company rehabilitation, civil reconstruction or bankruptcy, or declaration by self. 2. JBMIA may request The Company to pay damages compensation irrespective of cancellation or non-cancellation of This Agreement in the event The Company infringes on any one of the foregoing paragraphs and JBMIA suffers damage.

CANCELLATION OF THIS AGREEMENT. 1. In the event The Company infringes on any one of the following paragraphsparagraphs apply to the Company, JBMIA may immediately cancel This Agreement by notifying The the Company by a letter. 1) Violation of any one clause of This Agreement and failure to correct such violation even though a peremptory notice is sent after a reasonable length of time. 2) Disposition for a dishonored xxxx. 3) Provisional attachment, provisional disposition, compulsory execution, or other disposition by public power, declaration of company liquidation, company rehabilitation, civil reconstruction or bankruptcy, or declaration by self. 2. JBMIA may request The the Company to pay damages compensation irrespective of cancellation or non-cancellation of This Agreement in the event The Company infringes on any one of the foregoing paragraphs apply to the Company and JBMIA suffers damage.