Common use of COMMENCEMENT, TERM AND TERMINATION Clause in Contracts

COMMENCEMENT, TERM AND TERMINATION. 6.1 This Agreement shall commence on the Effective Date as referred above and will continue until terminated in accordance with Section 6.2. 6.2 This Agreement may be terminated as follows: 6.2.1. By either party in the event of a material breach or default by the other party in compliance with any term or condition of this Agreement, which breach or default has not been cured or rectified within 30 days after written notice to the breaching or defaulting party; however, the inability to deliver Products for causes beyond TTI's reasonable control shall not be a material breach; 6.2.2. By agreement in writing by the parties to this Agreement; 6.2.3. Automatically upon the expiration of 5 years from the commencement date of this Agreement, unless extended by mutual agreement; 6.2.4. By TTI at the end of any 12 consecutive month period during which Distributor has not purchased any Products. 6.2.5. Assignment of this Agreement by Distributor without the written consent of the other party; 6.2.6. Bankruptcy or insolvency of Distributor, which materially affects the operation of its business hereunder; or 6.2.7. Failure of Distributor to timely pay its obligations hereunder.

COMMENCEMENT, TERM AND TERMINATION. 6.1 This Agreement shall commence on the Effective Date as referred above and will continue until terminated in accordance with Section 6.2. 6.2 This Agreement may will be automatically renewed unless it is terminated as follows: 6.2.1. By either party in the event of a material breach or default by the other party in compliance with any term or condition of this Agreement, which breach or default has not been cured or rectified within 30 days after written notice to the breaching or defaulting party; however, the inability to deliver Products for causes beyond TTI's reasonable control shall not be a material breach; 6.2.2. By agreement in writing by the parties to this Agreement; 6.2.3. Automatically upon the expiration of 5 years from the commencement date of this Agreement, unless extended by mutual agreement; 6.2.4. By TTI at the end of any 12 consecutive month period during which Distributor has not purchased any Products. 6.2.56.2.4. Assignment of this Agreement by Distributor without the written consent of the other party; 6.2.66.2.5. Bankruptcy or insolvency of Distributor, which materially affects the operation of its business hereunder; or 6.2.76.2.6. Failure of Distributor to timely pay its obligations hereunder.

COMMENCEMENT, TERM AND TERMINATION. 6.1 This Agreement shall commence on the Effective Date as referred above and will continue until terminated in accordance with Section 6.2. 6.2 This Agreement may be terminated as follows: 6.2.1. By either party in the event of a material breach or default by the other party in compliance with any term or condition of this Agreement, which breach or default has not been cured or rectified within 30 days after written notice to the breaching or defaulting party; however, the inability to deliver Products for causes beyond TTI's reasonable control shall not be a material breach; 6.2.2. By agreement in writing by the parties to this Agreement; 6.2.3. Automatically upon the expiration of 5 years from the commencement date of this Agreement, unless extended by mutual agreement; 6.2.4. By TTI at the end of any 12 consecutive month period during which Distributor has not purchased any Products. 6.2.5. Assignment of this Agreement by Distributor without the written consent of the other partyTTI; 6.2.6. Bankruptcy or insolvency of Distributor, which materially affects the operation of its business hereunder; or 6.2.7. Failure of Distributor to timely pay its obligations hereunder.