Common use of Events Causing Termination Clause in Contracts

Events Causing Termination. This Agreement and all Licenses will terminate: (a) Automatically and without notice on the following events: (I) Customer’s breach of any of clauses (i) through (vii) of Section 1.4 or Sections 3 or 8.4 hereof; (II) a receiver, trustee, liquidator, or such similar officer is appointed for Customer or for any of Customer’s properties or assets; (III) Customer makes a general assignment for the benefit of Customer’s creditors; (IV) Customer files a petition for its reorganization, dissolution or liquidation, or such a petition is filed against Customer and is not dismissed within sixty (60) days thereafter; or (V) Customer ceases doing business or commence dissolution or liquidation proceedings; or (b) Thirty (30) days after written notice from PTC specifying a breach (other than as listed in Section 7.1(a) above) of this Agreement, including failure to make any payment due to either PTC or a Reseller in connection with the Licensed Products in a timely manner, if that breach is not, within that thirty (30) day period, remedied to PTC’s reasonable satisfaction.

Appears in 5 contracts

Samples: License Agreement, PTC Customer Agreement, PTC Customer Agreement

AutoNDA by SimpleDocs

Events Causing Termination. This Agreement and all Licenses will terminate: (a) Automatically and without notice on the following events: (I) Customer’s breach of any of clauses (i) through (vii) of Section 1.4 or Sections 3 or 8.4 hereof; (II) a receiver, trustee, liquidator, or such similar officer is appointed for Customer or for any of Customer’s properties or assets; (III) Customer makes a general assignment for the benefit of Customer’s creditors; (IV) Customer files a petition for its reorganization, dissolution or liquidation, or such a petition is filed against Customer and is not dismissed within sixty (60) days thereafter; or (V) Customer ceases doing business or commence dissolution or liquidation proceedings; or (b) Thirty (30) days after written notice from PTC specifying a breach (other than as listed in Section 7.1(a) above) of this Agreement, including failure to make any payment due to either PTC or a Reseller in connection with the Licensed Products in a timely manner, if that breach is not, within that thirty (30) day period, remedied to PTC’s reasonable satisfaction.

Appears in 4 contracts

Samples: License Agreement, License Agreement, License Agreement

Events Causing Termination. This Agreement and all Licenses Licences and the provision of Maintenance Services on Licensed Products will terminate: (a) Automatically and without notice on the following events: (I) Customer’s breach of any of clauses (i) through (vii) of Section 1.4 2.2 or Sections 3 4 or 8.4 9.5 hereof; (II) a receiver, trustee, liquidator, or such similar officer is appointed for Customer or for any of Customer’s properties or assets; (III) Customer makes a general assignment for the benefit of Customer’s creditors; (IV) Customer files a petition for its reorganizationreorganisation, dissolution or liquidation, or such a petition is filed against Customer and is not dismissed within sixty (60) days thereafter; or (V) Customer ceases doing business or commence dissolution or liquidation proceedings; or (b) Thirty (30) days after written notice from PTC specifying a breach (other than as listed in Section 7.1(a8.1(a) above) of this Agreement, including failure to make any payment due to either PTC or a Reseller in connection with the Licensed Products hereunder in a timely manner, if that breach is not, within that thirty (30) day period, remedied to PTC’s reasonable satisfaction.

Appears in 3 contracts

Samples: Customer Agreement for PTC Products, Customer Agreement for PTC Products, Customer Agreement for PTC Products

Events Causing Termination. This Agreement and all Licenses will terminate: (a) Automatically and without notice on the following events: (I) Customer’s breach of any of clauses (i) through (vii) of Section 1.4 2.4 or Sections 3 4.1 or 8.4 9.4 hereof; (II) a receiver, trustee, liquidator, or such similar officer is appointed for Customer or for any of Customer’s properties or assets; (III) Customer makes a general assignment for the benefit of Customer’s creditors; (IV) Customer files a petition for its reorganization, dissolution or liquidation, or such a petition is filed against Customer and is not dismissed within sixty (60) days thereafter; or (V) Customer ceases doing business or commence dissolution or liquidation proceedings; or (b) Thirty (30) days after written notice from PTC PTT specifying a breach (other than as listed in Section 7.1(a8.1(a) above) of this Agreement, including failure to make any payment due to either PTC or a Reseller in connection with the Licensed Products in a timely manner, if that breach is not, within that thirty (30) day period, remedied to PTCPTT’s reasonable satisfaction.

Appears in 2 contracts

Samples: Customer Agreement, Customer Agreement

Events Causing Termination. This Agreement and all Licenses will terminate: (a) Automatically and without notice on the following events: (I) Customer’s breach of any of clauses (i) through (vii) of Section 1.4 2.4 or Sections 3 4.1 or 8.4 9.4 hereof; (II) a receiver, trustee, liquidator, or such similar officer is appointed for Customer or for any of Customer’s properties or assets; (III) Customer makes a general assignment for the benefit of Customer’s creditors; (IV) Customer files a petition for its reorganization, dissolution or liquidation, or such a petition is filed against Customer and is not dismissed within sixty (60) days thereafter; or (V) Customer ceases doing business or commence dissolution or liquidation proceedings; or (b) Thirty (30) days after written notice from PTC specifying a breach (other than as listed in Section 7.1(a8.1(a) above) of this Agreement, including failure to make any payment due to either PTC or a Reseller in connection with the Licensed Products in a timely manner, if that breach is not, within that thirty (30) day period, remedied to PTC’s reasonable satisfaction.

Appears in 2 contracts

Samples: Customer Agreement for PTC Products, Customer Agreement

Events Causing Termination. This Agreement and all Licenses will terminate: (a) Automatically and without notice on the following events: (I) Customer’s breach of any of clauses (i) through (vii) of Section 1.4 2.4 or Sections 3 4.1 or 8.4 9.4 hereof; (II) a receiver, trustee, liquidator, or such similar officer is appointed for Customer or for any of Customer’s properties or assets; (III) Customer makes a general assignment for the benefit of Customer’s creditors; (IV) Customer files a petition for its reorganization, dissolution or liquidation, or such a petition is filed against Customer and is not dismissed within sixty (60) days thereafter; or (V) Customer ceases doing business or commence dissolution or liquidation proceedings; or (b) Thirty (30) days after written notice from PTC PTCJ specifying a breach (other than as listed in Section 7.1(a8.1(a) above) of this Agreement, including failure to make any payment due to either PTC or a Reseller in connection with the Licensed Products in a timely manner, if that breach is not, within that thirty (30) day period, remedied to PTCPTCJ’s reasonable satisfaction.

Appears in 1 contract

Samples: Customer Agreement for PTCJ Products

Events Causing Termination. This Agreement and all Licenses will terminate: (ai) Automatically and without notice on the following events: (I) Customer’s breach of any of clauses (i) through (vii) of Section 1.4 1.7 or Sections 3 or 8.4 hereof; (II) a receiver, trustee, liquidator, or such similar officer is appointed for Customer or for any of Customer’s properties or assets; (III) Customer makes a general assignment for the benefit of Customer’s creditors; (IV) Customer files a petition for its reorganization, dissolution or liquidation, or such a petition is filed against Customer and is not dismissed within sixty (60) days thereafter; or (V) Customer ceases doing business or commence dissolution or liquidation proceedings; or (bii) Thirty (30) days after written notice from PTC specifying a breach (other than as listed in Section 7.1(a) above) of this Agreement, including failure to make any payment due to either PTC or a Reseller in connection with the Licensed Products in a timely manner, if that breach is not, within that thirty (30) day period, remedied to PTC’s reasonable satisfaction.

Appears in 1 contract

Samples: PTC Customer Agreement

AutoNDA by SimpleDocs

Events Causing Termination. This Agreement and all Licenses will terminate: (a) Automatically and without notice on the following events: (I) Customer’s breach of any of clauses (i) through (vii) of Section 1.4 or Sections 3 or 8.4 hereof; (II) a receiver, trustee, liquidator, or such similar officer is appointed for Customer or for any of Customer’s properties or assets; (III) Customer makes a general assignment for the benefit of Customer’s creditors; (IV) Customer files a petition for its reorganization, dissolution or liquidation, or such a petition is filed against Customer and is not dismissed within sixty (60) days thereafter; or (V) Customer ceases doing business or commence dissolution or liquidation proceedings; oror‌‌ (b) Thirty (30) days after written notice from PTC specifying a breach (other than as listed in Section 7.1(a) above) of this Agreement, including failure to make any payment due to either PTC or a Reseller in connection with the Licensed Products in a timely manner, if that breach is not, within that thirty (30) day period, remedied to PTC’s reasonable satisfaction.

Appears in 1 contract

Samples: PTC Customer Agreement

Events Causing Termination. This Agreement and all Licenses will terminate: (a) Automatically and without notice on the following events: (I) Customer’s breach of any of clauses (i) through (vii) of Section 1.4 or Sections 3 3.1 or 8.4 hereof; (II) a receiver, trustee, liquidator, or such similar officer is appointed for Customer or for any of Customer’s properties or assets; (III) Customer makes a general assignment for the benefit of Customer’s creditors; (IV) Customer files a petition for its reorganization, dissolution or liquidation, or such a petition is filed against Customer and is not dismissed within sixty (60) days thereafter; or (V) Customer ceases doing business or commence dissolution or liquidation proceedings; or (b) Thirty (30) days after written notice from PTC specifying a breach (other than as listed in Section 7.1(a) above) of this Agreement, including failure to make any payment due to either PTC or a Reseller in connection with the Licensed Products in a timely manner, if that breach is not, within that thirty (30) day period, remedied to PTC’s reasonable satisfaction.

Appears in 1 contract

Samples: License Agreement

Events Causing Termination. This Agreement and all Licenses Licences and the provision of Maintenance Services on Licensed Products will terminate: (a) Automatically and without notice on the following events: (I) Customer’s breach of any of clauses (i) through (vii) of Section 1.4 2.2 or Sections 3 4 or 8.4 9.5 hereof; (II) a receiver, trustee, liquidator, or such similar officer is appointed for Customer or for any of Customer’s properties or assets; (III) Customer makes a general assignment for the benefit of Customer’s creditors; (IV) Customer files a petition for its reorganizationreorganisation, dissolution or liquidation, or such a petition is filed against Customer and is not dismissed within sixty (60) days thereafter; or (V) Customer ceases doing business or commence commences dissolution or liquidation proceedings; or (b) Thirty By written notice provided by PTC thirty (30) days after written notice from PTC has notified Customer specifying a breach (other than as listed in Section 7.1(a8.1(a) above) of this Agreement, including failure to make any payment due to either PTC or a Reseller in connection with the Licensed Products hereunder in a timely manner, if that breach is not, within that thirty (30) day period, remedied to PTC’s reasonable satisfaction.

Appears in 1 contract

Samples: Customer Agreement for PTC Products

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!