Common use of Right to Terminate Immediately Clause in Contracts

Right to Terminate Immediately. Notwithstanding anything to the contrary contained in this Agreement, a Party may terminate this Agreement immediately upon giving the other Party a written notice of termination explaining, in reasonable detail, the reason for termination upon occurrence of any of the following: 8.3.1 breach by the other Party of Clause 15.6; 8.3.2 an event of Force Majeure has been continuing during more than sixty (60) days; 8.3.3 the other Party had passed a resolution for winding-up (other than in order to amalgamate or reconstruct); 8.3.4 breach by the Service Provider any of the confidentiality undertakings contained in Section X; 8.3.5 the other Party is unable to pay its debts and has presented a petition for voluntary bankruptcy; 8.3.6 the other Party had a bankruptcy order issued against it; 8.3.7 the other Party has a provisional receiver or administrative receiver appointed over the whole or a substantial part of its undertaking or assets; 8.3.8 liquidation, insolvency or legal protection proceedings have been initiated with respect to the other Party or the other Party is declared insolvent; 8.3.9 the making by the other Party of a proposal for a voluntary arrangement with creditors; or 8.3.10 the occurrence of any event analogous to the events enumerated under Clauses 8.3.5 - 8.3.9 under the law of any jurisdiction to which the other Party’s assets and undertaking are subject.

Right to Terminate Immediately. Notwithstanding anything to the contrary contained in this Agreement, a Party may terminate this Agreement immediately upon giving the other Party a written notice of termination explaining, in reasonable detail, the reason for termination upon occurrence of any of the following: 8.3.1 a) breach by the other Party of Clause 15.6; 8.3.2 b) an event of Force Majeure has been continuing during more than sixty (60) days; 8.3.3 c) the other Party had passed a resolution for winding-up (other than in order to amalgamate or reconstruct); 8.3.4 d) breach by the Service Provider any of the confidentiality undertakings contained in Section X10; 8.3.5 e) the other Party is unable to pay its debts and has presented a petition for voluntary bankruptcy; 8.3.6 f) the other Party had a bankruptcy order issued against it; 8.3.7 g) the other Party has a provisional receiver or administrative receiver appointed over the whole or a substantial part of its undertaking or assets; 8.3.8 h) liquidation, insolvency or legal protection proceedings have been initiated with respect to the other Party or the other Party is declared insolvent; 8.3.9 i) the making by the other Party of a proposal for a voluntary arrangement with creditors; or 8.3.10 j) the occurrence of any event analogous to the events enumerated under Clauses 8.3.5 e) - 8.3.9 i) under the law of any jurisdiction to which the other Party’s assets and undertaking are subject.

Right to Terminate Immediately. 9.3.1. Notwithstanding anything to the contrary contained in this Agreement, a Party may terminate this Agreement immediately upon giving the other Party a written notice of termination explaining, in reasonable detail, the reason for termination upon occurrence of any of the following: 8.3.1 (a) breach by the other Party of Clause 15.617.2; 8.3.2 (b) an event of Force Majeure has been continuing beencontinuing during more than sixty 60 (60sixty) days; 8.3.3 (c) the other Party had passed a resolution for winding-up (other than in order to amalgamate or reconstruct); 8.3.4 (d) breach by the Service Provider Contractor any of the confidentiality undertakings contained in Section XXIII; 8.3.5 (e) the other Party is unable to pay its debts and has presented a petition for voluntary bankruptcy; 8.3.6 (f) the other Party had a bankruptcy order issued against it; 8.3.7 (g) the other Party has a provisional receiver or administrative receiver appointed over the whole whloe or a substantial part of its undertaking or assets; 8.3.8 (h) liquidation, insolvency or legal protection proceedings protectionproceedings have been initiated with respect to the other Party or the other Party is declared insolvent; 8.3.9 (i) the making by the other Party of a proposal for a voluntary arrangement with creditors; or 8.3.10 (j) the occurrence of any event analogous to the events enumerated under Clauses 8.3.5 - 8.3.9 9.3 (g) (i) under the law of any jurisdiction to which the other Party’s assets and undertaking are subject.the

Right to Terminate Immediately. Notwithstanding anything to the contrary contained in this Agreement, a Party may terminate this Agreement immediately upon giving the other Party a written notice of termination explaining, in reasonable detail, the reason for termination upon occurrence of any of the following: 8.3.1 8.3.1. breach by the other Party of Clause 15.6; 8.3.2 8.3.2. an event of Force Majeure has been continuing during more than sixty (60) days; 8.3.3 8.3.3. the other Party had passed a resolution for winding-up (other than in order to amalgamate or reconstruct); 8.3.4 8.3.4. breach by the Service Provider any of the confidentiality undertakings contained in Section X; 8.3.5 8.3.5. the other Party is unable to pay its debts and has presented a petition for voluntary bankruptcy; 8.3.6 8.3.6. the other Party had a bankruptcy order issued against it; 8.3.7 8.3.7. the other Party has a provisional receiver or administrative receiver appointed over the whole or a substantial part of its undertaking or assets; 8.3.8 8.3.8. liquidation, insolvency or legal protection proceedings have been initiated with respect to the other Party or the other Party is declared insolvent; 8.3.9 8.3.9. the making by the other Party of a proposal for a voluntary arrangement with creditors; or 8.3.10 8.3.10. the occurrence of any event analogous to the events enumerated under Clauses 8.3.5 - 8.3.9 under the law of any jurisdiction to which the other Party’s assets and undertaking are subject.

Right to Terminate Immediately. Notwithstanding anything to the contrary contained in this Agreement, a Party may terminate this Agreement immediately upon giving the other Party a written notice of termination explaining, in reasonable detail, the reason for termination upon occurrence of any of the following: 8.3.1 9.2.1 breach by the other Party of Clause 15.619.5 of the Agreement; 8.3.2 9.2.2 an event of Force Majeure has been continuing during more than sixty (60) days; 8.3.3 9.2.3 the other Party had passed a resolution for winding-up (other than in order to amalgamate or reconstruct); 8.3.4 9.2.4 breach by the Service Provider any of the confidentiality undertakings contained in Section XX. Intellectual property rights; 8.3.5 9.2.5 the other Party is unable to pay its debts and has presented a petition for voluntary bankruptcy; 8.3.6 9.2.6 the other Party had a bankruptcy order issued against it; 8.3.7 9.2.7 the other Party has a provisional receiver or administrative receiver appointed over the whole or a substantial part of its undertaking or assets; 8.3.8 9.2.8 liquidation, insolvency or legal protection proceedings have been initiated with respect to the other Party or the other Party is declared insolvent; 8.3.9 9.2.9 if the making obligations arising from the Agreement cannot be fulfilled because of international (including OFAC) or national sanctions, or a Member State’s of the European Union or North Atlantic Treaty Organization applied sanctions; 9.2.10 if the warranties given by the other Party Service Provider under Clause 3.14 of a proposal for a voluntary arrangement with creditors; orthe Agreement are proven to be untrue; 8.3.10 9.2.11 the occurrence of any event analogous to the events enumerated under Clauses 8.3.5 9.2.5 - 8.3.9 9.2.9 of the Agreement under the law of any jurisdiction to which the other Party’s assets and undertaking are subject.