Common use of License Suspension Clause in Contracts

License Suspension. Upon the occurrence of any default by Vendor Licensee under this Agreement, including any violation of or noncompliance with the Access Standards, the Technology Standards, or the Display Standards by Vendor Licensee, Licensor may, at its option and without prior notice to Vendor Licensee, immediately suspend the License, including access to or display of the Licensed Listings, or the display of the Licensed Listings on any particular Display Website for a period of up to thirty (30) days. Licensor shall provide Vendor Licensee with written notice of suspension of the License within three (3) days following the first day of suspension. In addition, Licensor may, at its option, immediately suspend the License with respect to any particular Display Website (a) upon the occurrence of any default by the respective Broker or Agent of an applicable Broker Agreement, Agent Agreement, the MLS Rules and Regulations, or any other agreement with Licensor, including failure to pay any fees owing to Licensor when due, or (b) if, at any time, the respective Broker or the Broker of the respective Agent is not an MLS Participant. Nothing under this Section 23 of this Agreement shall be construed as requiring Licensor to suspend the License prior to exercising its right of termination under Section 24 of this Agreement.

Appears in 3 contracts

Samples: License Agreement, License Agreement, License Agreement

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License Suspension. Upon the occurrence of any default by Vendor Licensee under this Agreement, including any violation of or noncompliance with the Access Standards, the Technology Standards, or the Display Standards by Vendor Licensee, Licensor may, at its option and without prior notice to Vendor Licensee, immediately suspend the License, including access to or display of the Licensed Listings, or the display of the Licensed Listings on any particular Display Website for a period of up to thirty (30) days. Licensor shall provide Vendor Licensee with written notice of suspension of the License within three (3) days following the first day of suspension. In addition, Licensor may, at its option, immediately suspend the License with respect to any particular Display Website (a) upon the occurrence of any default by the respective Broker or Agent of an applicable Broker Agreement, Agent Agreement, the MLS Rules and Regulations, or any other agreement with Licensor, including failure to pay any fees owing to Licensor when due, or (b) if, at any time, the respective Broker or the Broker of the respective Agent is not an MLS IDX Participant. Nothing under this Section 23 of this Agreement shall be construed as requiring Licensor to suspend the License prior to exercising its right of termination under Section 24 of this Agreement.

Appears in 1 contract

Samples: License Agreement

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