Common use of Notice By Supplier Clause in Contracts

Notice By Supplier. Supplier may give Applied notice of default of this Agreement, in whole but not in part, if (1) Applied materially breaches this Agreement (2) Applied anticipatorily repudiates Section 8, 11, or 26(a) of this Agreement and fails to provide adequate assurance to Supplier of Applied’s future performance; or (3) Applied becomes insolvent, files a petition for relief under any bankruptcy, insolvency or similar law, or makes an assignment for the benefit of its creditors.