Common use of Cause for Termination Clause in Contracts

Cause for Termination. This Agreement shall terminate automatically and without further notice upon the occurrence of expiration of the term, specified in Article 5 or of any renewal term in the absence of a subsequent renewal in accordance with the terms of this Agreement. PVI may terminate this Agreement in the event that revenue sharing payments to PVI are less than $2000 per System per month for three consecutive months, unless WIRELESS PROVIDER pays PVI the shortfall. In addition, either party may terminate this Agreement at any time if (a) the other party breaches any term hereof and fails to cure such breach within 30 days (or ten days in the case of a failure to pay any sum due) after receipt of written notice, (b) the other party shall be or becomes insolvent, (c) the other party makes an assignment for the benefit of creditors, (d) there are instituted by the other party proceedings in bankruptcy or under any insolvency or similar law or for reorganization, receivership or dissolution, (e) there are instituted against the other party proceedings in bankruptcy or under any insolvency or similar law or for reorganization, receivership or dissolution, which proceedings are not dismissed within 60 days, or (f) the other party ceases to do business.

Cause for Termination. This Agreement shall terminate automatically and without further notice upon the occurrence of expiration of the term, specified in Article 5 or of any renewal term in the absence of a subsequent renewal in accordance with the terms of this Agreement. PVI may terminate this Agreement in the event that revenue sharing payments to PVI are less than $2000 per System per month for three consecutive months, unless WIRELESS PROVIDER ILEC pays PVI the shortfall. In addition, either party may terminate this Agreement at any time if (a) the other party breaches any term hereof and fails to cure such breach within 30 days (or ten days in the case of a failure to pay any sum due) after receipt of written notice, (b) the other party shall be or becomes insolvent, (c) the other party makes an assignment for the benefit of creditors, (d) there are instituted by the other party proceedings in bankruptcy or under any insolvency or similar law or for reorganization, receivership or dissolution, (e) there are instituted against the other party proceedings in bankruptcy or under any insolvency or similar law or for reorganization, receivership or dissolution, which proceedings are not dismissed within 60 days, or (f) the other party ceases to do business.

Cause for Termination. This Agreement shall terminate automatically and without further notice upon the occurrence of expiration of the term, term specified in Article 5 or of any renewal term in the absence of a subsequent renewal in accordance with the terms of this Agreement. PVI may terminate this Agreement in the event that that, after six months following acceptance of a System revenue sharing payments to PVI are less than $2000 per System per month for three consecutive months, unless WIRELESS PROVIDER Carrier pays PVI the shortfall. In addition, either party may terminate this Agreement at any time if (a) the other party breaches any term hereof and fails to cure such breach within 30 days (or ten days in the case of a failure to pay any sum due) after receipt of written notice, (b) the other party shall be or becomes insolvent, (c) the other party makes an assignment for the benefit of creditors, (d) there are instituted by the other party proceedings in bankruptcy or under any insolvency or similar law or for reorganization, receivership or dissolution, (e) there are instituted against the other party proceedings in bankruptcy or under any insolvency or similar law or for reorganization, receivership or dissolution, which proceedings are not dismissed within 60 days, or (f) the other party ceases to do business.