Common use of Other Termination Rights Clause in Contracts

Other Termination Rights. (a) Where the Practitioner is unable to pay their debts as and when they become due or is insolvent, HBF may give the Practitioner 30 calendar day’s written notice of its intention to terminate this Agreement. (b) Where HBF identifies any non-compliance with this Agreement by the Practitioner: (i) HBF may notify the Practitioner in writing (Default Notice) that they have 30 calendar days to ensure compliance with the terms of the Agreement; and (ii) in the event that the Practitioner fails to remedy the noncompliance set out in the Default Notice, HBF may notify the Practitioner in writing, at the end of the period set out in clause 5.3(b)(i), that the Agreement will terminate at the end of 10 calendar days, if the failure in compliance is not remedied. (c) If the Practitioner receives a Default Notice on three occasions in any 12 month period, HBF may, without limiting its other rights and remedies, terminate this Agreement with immediate effect by giving the Practitioner written notice.

Other Termination Rights. (a) Where the Practitioner is unable to pay their debts as and when they become due or is insolvent, HBF may give the Practitioner 30 calendar day’s written notice of its intention to terminate this Agreement. (b) Where HBF identifies any non-compliance with this Agreement by the Practitioner: (i) HBF may notify the Practitioner in writing (Default Notice) that they have 30 calendar days to ensure compliance with the terms of the Agreement; and (ii) in the event that the Practitioner fails to remedy the noncompliance non- compliance set out in the Default Notice, HBF may notify the Practitioner in writing, at the end of the period set out in clause 5.3(b)(i), that the Agreement will terminate at the end of 10 calendar days, if the failure in compliance is not remedied. (c) If the Practitioner receives a Default Notice on three occasions in any 12 month period, HBF may, without limiting its other rights and remedies, terminate this Agreement with immediate effect by giving the Practitioner written notice.