Common use of Cancellation or Termination Clause in Contracts

Cancellation or Termination. You may cancel this Agreement at any time by giving at least five (5) Business Days prior written notice of termination to the address provided in the “Bank Contact Information” Section of this Agreement (§P.) or by e-mail at xxxxxxxxxx@xxxxxxxxxxxx.xxx. If you cancel this Agreement or terminate a transfer Service, you authorize us to continue making transfers, and other transactions you have previously authorized until we have a reasonable opportunity to act upon your termination notice, unless you have previously stopped or canceled the transaction in accordance with this Agreement. No matter when we acted on your notice, once we have acted we have no responsibility to make transfers or other transactions you may have previously authorized that may still be pending. Prior to cancellation or termination, you will remain responsible for all transfers, or other transactions processed and for any associated fees (including charges and penalties) under this Agreement and any Account Agreements. We may at any time cancel your access to any or all of the Services without prior notice if there has been no use of the Service for a period of three (3) consecutive months, if there is an insufficient Available Balance in any one of your Accounts to cover requested transactions and fees (including charges and penalties) under this Agreement and any Account Agreement, or for any other reason. After cancellation due to an insufficient Available Balance, the canceled Services may be reinstated once a sufficient Available balance is available in your Account(s) to cover any fees (including charges and penalties) under this Agreement and any Account Agreement and pending transfers or debits. We will not in any way be obligated to grant you use of or access to the Service if: a) such use or access is not in accordance with any term or condition applicable to the Service; b) such use or access is not permitted by state or federal law or regulation; c) the Bank has reasonable cause to believe that such use or access may not be authorized by you or any third party whose authorization the Bank believes is necessary for such use or access; or d) the Bank has reasonable cause to deny such use or access for your or our protection. The Bank reserves the right in its sole discretion at any time to terminate this Agreement and therefore limit or terminate your use of or access to the Service at any time, with or without cause and without prior notice. The Bank will not have the liability to you for any losses or damages you may suffer or incur as a result of any such limitation or termination. If this Agreement is cancelled, your right to use the Service shall immediately cease. Any termination will not affect our obligations arising prior to termination, such as the obligation to process any Checks (including returned Checks) that were in the process of being transmitted or collected prior to the termination date. Termination will not affect your liability or obligations under this Agreement for transactions that have been processed through the Service for you. You will remain responsible for all outstanding fees and charges incurred prior to the date of termination. In addition, you will keep your Account(s) at the Bank open, and you will maintain funds in such Account(s) in amounts and for a period of time as we determine in our sole discretion to cover any outstanding Checks and your obligations for returns of Checks, warranty claims, fees and other obligations. If any such liabilities exceed the amount in the applicable account, we may charge such excess against any of your other accounts at the Bank and you will pay us any amount remaining unpaid immediately upon our demand. You will also continue to retain original Checks and forward Checks to the Bank on our request in accordance with the provisions of this Agreement.

Cancellation or Termination. You may cancel This contract shall subsist for the initial period stated herein and thereafter for subsequent periods of 12 months duration (or as otherwise agreed in writing ) subject to termination by either party giving three months notice prior to completion of such initial or subsequent periods. Provided that in addition to the provisions mentioned in Clause 2 hereof that the Contractor shall be relieved of all liability under this Agreement at contract in any time of the following circumstances:- (a) If the customer fails to pay the Contractor any monies by giving at least five the due date; (5b) Business Days Where the Contractor is prevented from performing any obligation by any cause beyond his control: (c) Where, without the Contractor’s prior written consent, such consent not to be unreasonably withheld or delayed, any work upon the Plant within the scope of the Contract is carried out by anyone other that the Contractor’s servants or agents; (d) Where, after written notice from the Contractor of termination the need for work or replacements to be carried out which are not included in this Contract, the Customer refuses or fails to carry out the said work and/or make the said replacement; (e) Where, in the opinion of the Contractor, the plant is being unreasonably used by the customer; (f) The Customer makes a voluntary arrangement with its creditors or becomes subject to an administration order or goes into liquidation or the Customer generally becomes unable to pay its debts within the meaning of Section 123 of the Insolvency Xxx 0000. (g) Failure to comply with the health and safety provisions referred to in Clause 7 and in any of these circumstances, the Contractor may, by notice in writing, forthwith terminate this Contract and thereupon shall cease to have any further liability whatsoever or be responsible for any further work. Any notice given under this Contract shall be communicated sufficiently if sent by prepaid letter post addressed to either party or that party’s agent at his registered office or last known address and shall be deemed to have been received at such time as it should have arrived in the ordinary course of the post. Where either party is in breach of any material term of this Contract then, if the breach is not remedied within 30 days, the party not in breach may give notice in writing to terminate the Contract. If the contractor is of the opinion that the plant is likely to cause injury or damage to property then it shall have the right, but not the obligation, to immobilise the Plant temporarily and/or to take such other temporary measures as are in the circumstances necessary and reasonable providing that at the time or as soon thereafter as is practicable, the Contractor shall give a written notification to the address provided Customer, that the plant is in the “Bank Contact Information” Section of this Agreement (§P.) or by e-mail at xxxxxxxxxx@xxxxxxxxxxxx.xxx. If you cancel this Agreement or terminate is likely to be in such a transfer Service, you authorize us to continue making transfers, and other transactions you have previously authorized until we have a reasonable opportunity to act upon your termination notice, unless you have previously stopped or canceled the transaction in accordance with this Agreementcondition. No matter when we acted on your notice, once we have acted we have no responsibility to make transfers or other transactions you may have previously authorized that may still be pending. Prior to cancellation or termination, you will remain responsible for all transfers, or other transactions processed and for any associated fees (including charges and penalties) under this Agreement and any Account Agreements. We may at any time cancel your access to any or all of the Services without prior notice if there has been no use of the Service for a period of three (3) consecutive months, if there is an insufficient Available Balance in any one of your Accounts to cover requested transactions and fees (including charges and penalties) under this Agreement and any Account Agreement, or for any other reason. After cancellation due to an insufficient Available Balance, the canceled Services may be reinstated once a sufficient Available balance is available in your Account(s) to cover any fees (including charges and penalties) under this Agreement and any Account Agreement and pending transfers or debits. We will not in any way be obligated to grant you use of or access liability shall attach to the Service if: a) such use or access is not in accordance with any term or condition applicable to the Service; b) such use or access is not permitted by state or federal law or regulation; c) the Bank has reasonable cause to believe that such use or access may not be authorized by you or any third party whose authorization the Bank believes is necessary for such use or access; or d) the Bank has reasonable cause to deny such use or access for your or our protection. The Bank reserves the right in its sole discretion at any time to terminate this Agreement and therefore limit or terminate your use of or access to the Service at any time, with or without cause and without prior notice. The Bank will not have the liability to you for any losses or damages you may suffer or incur Contractor as a result of any such limitation or termination. If this Agreement is cancelled, your right to use implementing the Service shall immediately cease. Any termination will not affect our obligations arising prior to termination, such as the obligation to process any Checks (including returned Checks) that were in the process of being transmitted or collected prior to the termination date. Termination will not affect your liability or obligations under this Agreement for transactions that have been processed through the Service for you. You will remain responsible for all outstanding fees and charges incurred prior to the date of termination. In addition, you will keep your Account(s) at the Bank open, and you will maintain funds in such Account(s) in amounts and for a period of time as we determine in our sole discretion to cover any outstanding Checks and your obligations for returns of Checks, warranty claims, fees and other obligations. If any such liabilities exceed the amount in the applicable account, we may charge such excess against any of your other accounts at the Bank and you will pay us any amount remaining unpaid immediately upon our demand. You will also continue to retain original Checks and forward Checks to the Bank on our request in accordance with the provisions of this Agreementforegoing.

Cancellation or Termination. You 7.1. It is expressly agreed that, if Licensee should fail to deliver to University any payment, royalty, or equity at the time or times that the same should be due to University or if Licensee should in any material respect violate or fail to keep or perform any covenant, condition, or undertaking of this Agreement on its part to be kept or performed hereunder (but specifically excluding any diligence obligations under Article V), then the University, by written notice to Licensee, shall have the right to terminate this Agreement, provided, however, that Licensee shall have the opportunity to cure any such breach described in University’s written notice within [***] ([***]) [***] of receipt. Licensee’s right to cure a breach after the first two breaches of Licensee properly noticed by University under the terms of this Agreement (regardless of the nature of those breaches) shall be conditioned upon Licensee paying the reasonable costs and expenses of University directly relating to such breach by Licensee. If University should in any material respect violate or fail to keep or perform any material covenant, condition, or undertaking of this Agreement on its part to be kept or performed hereunder, then Licensee, by written notice to University, shall have the right to terminate this Agreement, provided, however, that University shall have the opportunity to cure any such breach described in Licensee’s notice within [***] ([***]) [***] of receipt. 7.2. University may terminate this Agreement with respect to a Class of Licensed Compounds or in whole for Licensee’s lack of diligence, pursuant to the provisions of Articles 5.1, 5.2 or 5.3 of this Agreement, as the case may be. 7.3. If Licensee should be adjudged bankrupt or enter into a composition with or assignment to its creditors, then in such event University shall have the right to cancel and terminate this Agreement, and the license herein provided for, by written notice to Licensee. 7.4. Any termination or cancellation under any provision of this Agreement shall not relieve either party of any obligation which accrued prior to the effective date of such termination, including, in the case of Licensee, its obligation to pay any royalty or other fees (including attorney’s fees pursuant to Article 3.2 hereof) due or owing at the time of such cancellation or termination. 7.5. Licensee may terminate this Agreement at any time by giving at least five providing University with thirty (530) Business Days prior days advance written notice of termination to the address provided in the “Bank Contact Information” Section of this Agreement (§P.) or by e-mail at xxxxxxxxxx@xxxxxxxxxxxx.xxx. If you cancel this Agreement or terminate a transfer Service, you authorize us to continue making transfers, and other transactions you have previously authorized until we have a reasonable opportunity to act upon your termination notice, unless you have previously stopped or canceled the transaction in accordance with this Agreement. No matter when we acted on your notice, once we have acted we have no responsibility to make transfers or other transactions you may have previously authorized that may still be pending. Prior to cancellation or termination, you will remain responsible for all transfers, or other transactions processed and for any associated fees (including charges and penalties) under this Agreement and any Account Agreements. We may at any time cancel your access to any or all of the Services without prior notice if there has been no use of the Service for a period of three (3) consecutive months, if there is an insufficient Available Balance in any one of your Accounts to cover requested transactions and fees (including charges and penalties) under this Agreement and any Account Agreement, or for any other reason. After cancellation due to an insufficient Available Balance, the canceled Services may be reinstated once a sufficient Available balance is available in your Account(s) to cover any fees (including charges and penalties) under this Agreement and any Account Agreement and pending transfers or debits. We will not in any way be obligated to grant you use of or access to the Service if: a) such use or access is not in accordance with any term or condition applicable to the Service; b) such use or access is not permitted by state or federal law or regulation; c) the Bank has reasonable cause to believe that such use or access may not be authorized by you or any third party whose authorization the Bank believes is necessary for such use or access; or d) the Bank has reasonable cause to deny such use or access for your or our protection. The Bank reserves the right in its sole discretion at any time to terminate this Agreement and therefore limit or terminate your use of or access to the Service at any time, with or without cause and without prior notice. The Bank will not have the liability to you for any losses or damages you may suffer or incur as a result of any such limitation or termination. If this Agreement is cancelled, your right to use the Service shall immediately cease. Any termination will not affect our obligations arising prior to termination, such as the obligation to process any Checks (including returned Checks) that were in the process of being transmitted or collected prior to the termination date. Termination will not affect your liability or obligations under this Agreement for transactions that have been processed through the Service for you. You will remain responsible for all outstanding fees and charges incurred prior to the date of termination. In addition, you will keep your Account(s) at the Bank open, and you will maintain funds in such Account(s) in amounts and for a period of time as we determine in our sole discretion to cover any outstanding Checks and your obligations for returns of Checks, warranty claims, fees and other obligations. If any such liabilities exceed the amount in the applicable account, we may charge such excess against any of your other accounts at the Bank and you will pay us any amount remaining unpaid immediately upon our demand. You will also continue to retain original Checks and forward Checks to the Bank on our request in accordance with the provisions of this Agreement.