Common use of Specific Actions if Customer is the Defaulting Party Clause in Contracts

Specific Actions if Customer is the Defaulting Party. If the Customer is the Defaulting Party, the Broker shall immediately have the right to effect termination or suspension of the services (which includes, for the avoidance of doubt, the cloud services). The Broker shall also have the right, but shall not be obliged, to notify the Cloud Provider(s) of the Event of Default, such that the Cloud Provider(s) can also take any action the Cloud Provider(s) may have a right to under any Cloud Provider agreement(s) with the Customer, at its sole discretion, including, where applicable, the right to terminate for convenience, thus terminating the Customer’s future use of the cloud services. The Broker may also invoice any sums due beyond the date of the Event of Default, and such sums shall immediately on invoice become due and payable by the Customer.

Appears in 5 contracts

Samples: Cloud Purchase Agreement, Cloud Purchase Agreement, Cloud Purchase Agreement

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