Cancellation Upon Default Sample Clauses
Cancellation Upon Default. (a) This Agreement may be cancelled immediately, and without recourse against MGI, should MGI not be issued any and all permits and licenses which are required by any governmental agency for the installation or operation of the Gaming Devices before or within a reasonable period of time after execution hereof or should any such permit be suspended, revoked, terminated or cancelled, or should any such permit expire during the term of this Agreement.
(b) This Agreement may be cancelled by either party upon the Default of the other party. As used herein, the term, "Default" shall mean a breach continuing after any and all applicable cure periods have expired without legal justification. Neither party shall be in Default unless such party fails to perform any one (1) or more obligations required of it (in which case such party shall be deemed to be in breach of the Agreement) and, thereafter, and in response to a notice of breach from the non-breaching party, the party in breach fails to remedy and cure such breach as provided herein.
Cancellation Upon Default. 18.1 Either party may terminate this Agreement upon written notice in the event of a material default of the terms and conditions hereof, which remains uncured after thirty (30) days of receiving a written description of the nature of the default from the non-breaching party. Nothing in this section shall be construed to preclude the parties from their other respective remedies provided at law or in equity, provided that such remedies are not precluded by the terms and conditions of this Agreement. Buyer shall have no liability for disposal of the capital assets should Buyer cancel under this section.
Cancellation Upon Default. 17.1 Either party may terminate this Agreement upon written notice in the event of a material default of the terms and conditions hereof (including a bankruptcy filing), which remain uncured after thirty (30) days of receiving a written description of the nature of the default from the non- breaching party. Buyer shall have no liability for disposal of the capital assets and Seller shall have no further supply obligations should either party cancel under this provision. Nothing in this section shall be construed to preclude the Seller or a Buyer from their other respective remedies provided under general contract law.
Cancellation Upon Default. (a) In the event Seller does not meet the basic performance measures provided in the quality and service standards detailed in Paragraph 16 of this Agreement, or in the event Seller does not maintain a competitive pricing posture consistent with the provisions of Paragraph 5 of this Agreement, Buyer may cancel this Agreement with respect to the specific supplier plant which cannot meet the basic performance measures or does not maintain the competitive pricing posture effective at the end of the second, third, or fourth Contract Years by providing at least six (6) months prior written notice.
(b) In addition, either party may terminate this Agreement upon written notice in the event of a material default of the terms and conditions hereof, not already enumerated in this section, which remain uncured after sixty (60) days of receiving a written description of the nature of the default from the non-breaching party. Nothing in this section shall be construed to preclude the parties from their other respective remedies provided under general contract law provided that neither party shall be liable to the other for incidental or consequential damages, including without limitation lost profits.
Cancellation Upon Default. Upon the occurrence of an Event of Default, the non-defaulting party may cancel this Purchase Order by giving written notice to the defaulting party. Upon Buyer’s cancellation of this Purchase Order due to an Event of Default by Seller, in addition to other rights of Buyer, Buyer shall have the following rights: (a) Buyer may purchase or otherwise procure Goods similar to those specified in this Purchase Order, and Seller shall be liable for any cost or expense incurred by Buyer in excess of the Price which would have been paid by Buyer under this Purchase Order; (b) Any cancellation of this Purchase Order by Buyer shall not relieve Seller of any obligations or liabilities which may have arisen under this Purchase Order prior to such cancellation, including, without limitation, indemnification and warranty obligations; and
Cancellation Upon Default. In the event that Client defaults, SDP, in addition to all other remedies available to it by law or under this Agreement, may immediately cancel with Publishers any orders of the Client which have not been fully paid.
Cancellation Upon Default