Common use of Immediate Termination Events Clause in Contracts

Immediate Termination Events. (a) If Applicant defaults on any of its obligations under the Global Services Agreement or any Service Agreement in effect between Applicant and either UL Contracting Party or another UL Company, UL Contracting Party may, in its sole discretion, immediately terminate or suspend, in whole or in part, the Field Certification Service Agreement, any other Service Agreement between Applicant and UL Contracting Party and any and all rights or authorities granted to Applicant by virtue of the Field Certification Service Agreement or those other Service Agreements. Such termination will be without prejudice to any other rights or remedies that UL Contracting Party might have for default, subject to any limitations under the Global Services Agreement. (b) In the event that UL Contracting Party defaults on any of its obligations under the Field Certification Service Agreement, the Applicant may, in its sole discretion, immediately terminate the Field Certification Service Agreement. Such termination will be without prejudice to any other rights or remedies that Applicant might have for default, subject to any limitations under the Global Services Agreement.

Immediate Termination Events. (a) If Applicant defaults on any of its obligations under the Global Services Agreement or any Service Agreement in effect between Applicant and either UL Contracting Party or another UL Company, UL Contracting Party may, in its sole discretion, immediately terminate or suspend, in whole or in part, the Field Certification Product Investigation Service Agreement, any other Service Agreement between Applicant and UL Contracting Party and any and all rights or authorities granted to Applicant by virtue of the Field Certification Product Investigation Service Agreement or those other Service Agreements. Such termination will be without prejudice to any other rights or remedies that UL Contracting Party might have for default, subject to any limitations under the Global Services Agreement. (b) In the event that UL Contracting Party defaults on any of its obligations under the Field Certification Product Investigation Service Agreement, the Applicant may, in its sole discretion, immediately terminate the Field Certification Product Investigation Service Agreement. Such termination will be without prejudice to any other rights or remedies that Applicant might have for default, subject to any limitations under the Global Services Agreement.