Common use of Licensee’s Right to Terminate Clause in Contracts

Licensee’s Right to Terminate. (a) LICENSEE may terminate this Agreement, in addition to any other remedies available to it if E-City has failed to perform or meet any material obligation, condition or term contained herein and failed to remedy the default within thirty (30) days after the receipt of written notice from LICENSEE to that effect. (b) Notwithstanding the foregoing, this Agreement shall be automatically terminated if E-City becomes bankrupt, involuntary, voluntary or adjudicated, or at LICENSEE's discretion may terminate if E-City shall cease to function as a going concern by suspending or discontinuing its business, except for the decision to discontinue specific projects and periodic shutdowns in the ordinary course of business and interruptions caused by strike, labor dispute or any other events over which it has no control. (c) LICENSEE's failure to resort to any remedy for breach hereunder shall not be deemed to be a waiver for any subsequent breach of this Agreement.

Licensee’s Right to Terminate. (a) LICENSEE may terminate this Agreement, in addition to any other remedies available to it if E-City has failed to perform or meet any material obligation, condition or term contained herein and failed to remedy the default within thirty (30) days after the receipt of written notice from LICENSEE to that effect. (b) Notwithstanding the foregoing, this Agreement shall be automatically terminated if E-City becomes bankrupt, involuntary, voluntary or adjudicated, or at LICENSEELicensee's discretion may terminate if E-City shall cease to function as a going concern by suspending or discontinuing its business, except for the decision to discontinue specific projects and periodic shutdowns in the ordinary course of business and interruptions caused by strike, labor dispute or any other events over which it has no control. (c) LICENSEELicensee's failure to resort to any remedy for breach hereunder shall not be deemed to be a waiver for any subsequent breach of this Agreement.