Common use of Right to Terminate for Cause Clause in Contracts

Right to Terminate for Cause. (a) In the event of occurrence of a material breach of any of the terms and conditions of this Agreement or any covenant, representation, warranty or agreement set forth herein (“Material Breach”) on the part of a Shareholder (the “Defaulting Party”), any other Shareholders (“Non- Defaulting Party”) may give written notice of the alleged breach (“Breach Notice”) to the Defaulting Party.

Appears in 4 contracts

Samples: Shareholders Agreement, Shareholders Agreement, Shareholders Agreement

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