Common use of Express termination clause Clause in Contracts

Express termination clause. Without prejudice to all other remedies established by the Italian Civil Code for all cases of non-fulfilment, the Parties agree that the Contract/Order may be terminated by the Seller, in accordance with and for the purposes of art. 1456 of the Italian Civil Code, by notification to be sent to the Purchaser by registered letter with recorded delivery, in the event of occurrence of one of the following conditions: - failure to perform any warranties which the Purchaser has specifically undertaken to provide to cover the payments or subsequent cessation thereof (e.g. withdrawal of credit lines, credit insurance uncoverage, etc.); - overt insolvency of the Purchaser such as to jeopardize complete fulfilment of the contract, unless a suitable guarantee is provided; - breach by the Purchaser of the provisions of article 18 concerning the ban on transfer of the Contract to third parties; - breach by the Purchaser of any Intellectual Property right of the Seller and in any case breach of the obligations and prohibitions incumbent upon the Purchaser pursuant to art. 9 of this agreement.

Express termination clause. Without prejudice to all other remedies established by the Italian Civil Code for all cases of non-fulfilment, the Parties agree that the Contract/Order may be terminated by the Seller, in accordance with and for the purposes of art. 1456 of the Italian Civil Code, by notification to be sent to the Purchaser by registered letter with recorded delivery, in the event of occurrence of one of the following conditions: - failure to perform any warranties which the Purchaser has specifically undertaken to provide to cover the payments or subsequent cessation thereof (e.g. withdrawal of credit lines, credit insurance uncoverage, etc.); - overt insolvency of the Purchaser such as to jeopardize complete fulfilment of the contract, unless a suitable guarantee is provided; - breach by the Purchaser of the provisions of article 18 17 concerning the ban on transfer of the Contract to third parties; - breach by the Purchaser of any Intellectual Property right of the Seller and in any case breach of the obligations and prohibitions incumbent upon the Purchaser pursuant to art. 9 of this agreement.

Express termination clause. Without prejudice to all other remedies established by the Italian Civil Code for all cases of non-fulfilment, the Parties agree that the Contract/Order may be terminated by the Seller, in accordance with and for the purposes of art. 1456 of the Italian Civil Code, by notification to be sent to the Purchaser by registered letter with recorded delivery, in the event of occurrence of one of the following conditions: - failure to perform any warranties which the Purchaser has specifically undertaken to provide to cover the payments or subsequent cessation thereof (e.g. withdrawal of credit lines, credit insurance uncoverage, etc.); - overt insolvency of the Purchaser such as to jeopardize complete fulfilment of the contract, unless a suitable guarantee is provided; - breach by the Purchaser of the provisions of article 18 concerning the ban on transfer of the Contract to third parties; - breach by the Purchaser of any Intellectual Property right of the Seller and in any case breach of the obligations and prohibitions incumbent upon the Purchaser pursuant to art. 9 10 of this agreement.