Common use of Right to Termination Clause in Contracts

Right to Termination. This Agreement or an individual Subscription may be terminated by either party: (i) if the other party breaches any material term of this Agreement and such breach remains uncorrected for thirty (30) days following written notice; (ii) immediately, if the other party becomes the subject of a voluntary or involuntary petition in bankruptcy or any involuntary proceeding relating to insolvency, receivership, liquidation, or similar action for the benefit of creditors as a consequence of debt, or if the other party otherwise ceases or threatens to cease business; or (iii) as otherwise specified in a Service Description.

Right to Termination. (i) This Agreement or an individual Subscription may be terminated by either party: (ix) if the other party breaches any material term of this Agreement and such breach remains uncorrected for thirty (30) days following written notice; or (iiy) immediately, if the other party becomes the subject of a voluntary or involuntary petition in bankruptcy or any involuntary proceeding relating to insolvency, receivership, liquidation, or similar action for the benefit of creditors as a consequence of debt, or if the other party otherwise ceases or threatens to cease business; or (iii) as otherwise specified in a Service Description.