Common use of Method of Termination Clause in Contracts

Method of Termination. Exercise of the right to terminate under Section 2.1 must be accomplished by written notice (in accordance with Section 17.2) to the defaulting party, specifying the basis for such termination, and fixing the Termination Date which shall be a date following the date of such notice. If either party is terminating under Section 2.1 (a) above, in which the other party has failed to cure a default, such written notice shall allow one hundred eighty (180) days following the date of such notice for complete termination of Services unless otherwise specified in a Schedule. If either party is terminating under Section 2.1 (b) above, no notice of default or cure period is required and such written notice will allow thirty (30) days following the date of such notice for complete termination of this Agreement.

Appears in 3 contracts

Samples: Information Technology Services Agreement, Information Technology Services Agreement (Placer Sierra Bancshares), Information Technology Services Agreement (Solera National Bancorp, Inc.)

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Method of Termination. Exercise of the right to terminate under Section 2.1 11.2 must be accomplished by written notice (in accordance with Section 17.225.2) to the defaulting party, specifying the basis for such termination, and fixing the Termination Date which shall be a date following the date of such notice. If either party is terminating under Section 2.1 (a) above, in which the other party has failed to cure a default, such written notice shall allow one hundred eighty (180) days following the date of such notice for complete termination of Services unless otherwise specified in a Schedulehereunder (the "Termination Date"). If either party is terminating under clause (a) of Section 2.1 11.2 above in which the other party has failed to cure default, such written notice will allow ninety (90) days following date of such notice for complete termination of Services. If either party is terminating under clause (b), (c), (d), or (e) of Section 11.2 above, no notice of default or and cure period is required and such written notice will allow thirty (30) days following the date of such notice for complete termination of this AgreementServices.

Appears in 1 contract

Samples: Item Processing Agreement (American River Bankshares)

Method of Termination. Exercise of the right to terminate under Section 2.1 must be accomplished by written notice (in accordance with Section 17.2) to the defaulting party, specifying the basis for such termination, and fixing the Termination Date which shall be a date following the date of such notice. If either party is terminating under Section 2.1 (a) above, in which the other party has failed to cure a default, such written notice shall allow one hundred eighty ninety (18090) days following the date of such notice for complete termination of Services unless otherwise specified in a Schedule. If either party is terminating under Section 2.1 (b) above, no notice of default or cure period is required and such written notice will allow thirty (30) days following the date of such notice for complete termination of this Agreement.

Appears in 1 contract

Samples: Information Technology Services Agreement (Bridge Capital Holdings)

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Method of Termination. Exercise of the right to terminate under Section 2.1 7.1 must be accomplished by written notice (in accordance with Section 17.29.3) to the defaulting party, specifying the basis for such termination, and fixing the Termination Date which shall be a date following the date of such notice. If either party is terminating under Section 2.1 7.1 (a) above, in which the other party has failed to cure a default, such written notice shall allow one hundred eighty (180) days following the date of such notice for complete termination of Services unless otherwise specified in a Schedule. If either party is terminating under Section 2.1 7.1 (b) above, no notice of default or cure period is required and such written notice will allow thirty (30) days following the date of such notice for complete termination of this Agreement.

Appears in 1 contract

Samples: Addendum to Agreement for Information Technology Services (Placer Sierra Bancshares)

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