Common use of SUSPENSION, TERM AND TERMINATION Clause in Contracts

SUSPENSION, TERM AND TERMINATION. (a) MLS GRID may, at its option and without prior notice to Vendor or Participant, immediately suspend the license to the MLS GRID Data upon the occurrence of any breach by Vendor or Participant of this Agreement, including failure by Vendor or Participant to pay any Fees due to MLS GRID hereunder. MLS GRID shall provide Vendor and Participant with written notice of suspension of the license to the MLS GRID Data promptly after such suspension. However, MLS GRID is not required to suspend the license to the MLS GRID Data prior to exercising its right of termination under Section X(b) of this Agreement. In addition, Vendor and Participant understand and agree that Participant’s MLS may instruct MLS GRID to deny, suspend, or revoke Vendor’s and/or Participant’s license to the MLS Grid Data at such MLS’ sole and absolute discretion at any time.

SUSPENSION, TERM AND TERMINATION. (a) MLS GRID may, at its option and without prior notice to Vendor or Participant, immediately suspend the license to the MLS GRID Data upon the occurrence of any breach by Vendor or Participant of this Agreement, including failure by Vendor or Participant to pay any Fees due to MLS GRID hereunder. MLS GRID shall provide Vendor and Participant with written notice of suspension of the license to the MLS GRID Data promptly after such suspension. However, MLS GRID is not required to suspend the license to the MLS GRID Data prior to exercising its right of termination under Section X(b) of this Agreement. In addition, Vendor and Participant understand and agree that Participant’s MLS may instruct MLS GRID to deny, suspend, or revoke Vendor’s and/or Participant’s license to the MLS Grid Data at such MLS’ sole and absolute discretion at any time.