Common use of Right to Cancel for Default Clause in Contracts

Right to Cancel for Default. 17.2.1. Either party may cancel this Agreement effective immediately upon written notice to the other in the case of the bankruptcy, insolvency or appointment of custodian, receiver, trustee or liquidator of the other party, or a breach by the other party of any of the terms and conditions of this Agreement, without prejudice to any other rights or remedies the non- breaching party may have, provided the breaching party fails to remedy such breach within 30 days of receiving notice of such breach.

Right to Cancel for Default. 17.2.1. 20.2.1 Either party may cancel this Agreement effective immediately upon written notice to the other in the case of the bankruptcy, insolvency or appointment of custodian, receiver, trustee or liquidator of the other party, or a breach by the other party of any of the terms and conditions of this Agreement, without prejudice to any other rights or remedies the non- breaching party may have, provided the breaching party fails to remedy such breach within 30 days of receiving notice of such breach.