Common use of End of the Term Clause in Contracts

End of the Term. 9.1 (Event Of Default) A party commits an Event of Default under this Agreement if: (a) in your case, you fail to pay us any amount payable by you under this Agreement or any other agreement you have entered into with us, on the due date and you do not remedy your failure within 2 Business Days of the date that we notify you of your failure;; (b) that party fails to perform any obligation under this Agreement or any other agreement that you have entered into with us (other than your obligation to pay us any amount payable as referred to in 10 Business Days of being given written notice to do so;; or (c) an Insolvency event occurs in respect of that party. 9.2 (Consequences of an Event of Default or termination of this Agreement) If an Event of Default occurs in respect of: (a) you, we may (but are not obliged to) immediately without notice to you and without releasing you from any accrued obligations do one or more of the following: (i) terminate this Agreement;; (ii) declare the balance of the Rental Fee due and payable by you;; (iii) retake possession of the Equipment;; and (iv) remedy any default that you commit under this Agreement (at your cost);; (b) us, and you terminate this Agreement, you must: (i) pay the Rental Fee up to and including the date of termination;; and (ii) return any Equipment in your possession as at the date of termination to us.

End of the Term. 9.1 11.1 (Event Of of Default) A party commits an Event of Default under this Agreement if: (a) in your case, you fail to pay us any amount payable by you under this Agreement or any other agreement you have entered into with us, on the due date and you do not remedy your failure within 2 Business Days of the date that we notify you of your failure;;failure; (b) that party fails to perform any obligation under this Agreement or any other agreement that you have entered into with us (other than your obligation to pay us any amount payable as referred to in clause 11.1(a) above), and does not remedy that failure within 10 Business Days of being given written notice to do so;; so; or (c) an Insolvency event occurs in respect of that party. 9.2 11.2 (Consequences of an Event of Default or termination of this Agreement) If an Event of Default occurs in respect of: (a) you, we may (but are not obliged to) immediately without notice to you and without releasing you from any accrued obligations do one or more of the following: (i) terminate this Agreement;;Agreement; (ii) declare the balance of the Rental DaaS Fee due and payable by you;;you; (iii) retake possession of the Equipment;; DaaS Equipment; and (iv) remedy any default that you commit under this Agreement (at your cost);;cost); (b) us, and you terminate this Agreement, you must: (i) pay the Rental DaaS Fee up to and including the date of termination;; termination; and (ii) return any DaaS Equipment in your possession as at the date of termination to us. 11.3 (Right to use the DaaS Equipment cease) In the event that this Agreement is terminated by either party for any reason, you will no longer be in possession of the DaaS Equipment with our consent and you must immediately return the DaaS Equipment to us in accordance with the terms of this Agreement.