Common use of Effect of Material Breach Clause in Contracts

Effect of Material Breach. (a) By Client. Association and MCI USA reserve the right to cancel the Agreement upon the material default or delay by Client (or any Agency executing the Agreement on Client’s behalf) in the payment of any amount due under the Agreement, or other material breach of the Agreement by Client. Upon such cancellation: (i) all Agreement fees not previously paid by Client shall become immediately due and payable, and (ii) Client shall lose all discounts from the Total Gross Rate (as specified above). The difference between the amount paid for the fulfilled insertions as of the date of termination and the Total Gross Rate shall become immediately due and payable.

Appears in 4 contracts

Samples: wearemci.us, Directory Agreement, Directory Agreement

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