Common use of Suspension and Termination of Services Clause in Contracts

Suspension and Termination of Services. 6.1 Without prejudice to its other rights and remedies, either party may, by written notice to the other, terminate the Agreement with immediate effect if the other party: a. commits a material breach of the Agreement and shall, in the case of a remedial breach, fail to remedy the same within 14 business days of receipt of a written notice from the non- breaching party requiring such remedy; and/or, b. is unable to pay its debts (within the meaning of Section 123 of the Insolvency Act 1986) or otherwise becomes insolvent or an order is made or a resolution passed for the administration, winding-up or dissolution of the other party (other than for the purposes of a solvent amalgamation or reconstruction) or an administrative or other receiver, manager, liquidator administrator, trustee or similar officer is appointed over all or any substantial part of the other party’s assets or the other party enters into or proposes any composition or arrangement with its creditors generally or anything analogous to the foregoing occurs in any applicable jurisdiction or if it ceases to trade or threatens to cease to trade. 6.2 For the avoidance of doubt, failure by the Customer to pay any Fees due to xx00.xxx in full in cleared funds by the due date shall constitute a material breach of this Agreement. 6.3 Upon termination of the Agreement, xx00.xxx shall cease to make the Services available to the Customer.

Suspension and Termination of Services. 6.1 Without prejudice to its other rights and remedies, either party may, by written notice to the other, terminate the Agreement with immediate effect if the other party: a. commits a material breach of the Agreement and shall, in the case of a remedial breach, fail to remedy the same within 14 business days of receipt of a written notice from the non- breaching party requiring such remedy; and/or, b. is unable to pay its debts (within the meaning of Section 123 of the Insolvency Act 1986) or otherwise becomes insolvent or an order is made or a resolution passed for the administration, winding-up or dissolution of the other party (other than for the purposes of a solvent amalgamation or reconstruction) or an administrative or other receiver, manager, liquidator administrator, trustee or similar officer is appointed over all or any substantial part of the other party’s assets or the other party enters into or proposes any composition or arrangement with its creditors generally or anything analogous to the foregoing occurs in any applicable jurisdiction or if it ceases to trade or threatens to cease to trade. 6.2 For the avoidance of doubt, failure by the Customer to pay any Fees due to xx00.xxx A Boy Is No One in full in cleared funds by the due date shall constitute a material breach of this Agreement. 6.3 Upon termination of the Agreement, xx00.xxx shall cease to make the Services available to the Customer.