Common use of Default by Xxxxxxx Clause in Contracts

Default by Xxxxxxx. Each of the following shall constitute a Default by Astound under your Agreement: (i) if Astound does not comply with any material provision of the Agreement, and Astound does not cure its non-compliance within thirty (30) days of receiving written notice from you regarding the breach; or (ii) if Astound files or initiates proceedings, or has proceedings initiated against it, seeking liquidation, reorganization or other relief (such as the appointment of a trustee, receiver, liquidator, custodian or other such official) under any bankruptcy, insolvency or other similar law, and the same is not dismissed within sixty (60) days.

Appears in 8 contracts

Samples: Small Business Services Subscriber Agreement, Small Business Services Subscriber Agreement, Small Business Services Subscriber Agreement

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