Common use of Term, Termination and Renewal Clause in Contracts

Term, Termination and Renewal. 11.1 This Agreement shall commence as of the Effective Date and will continue until, whichever comes earlier, either completion of the Project (i.e. the first publication in relation to the Project), or expiration of the period of time as set forth in clause 4.1 of this Agreement, after which this Agreement shall automatically terminate unless terminated earlier in accordance with this clause 11. 11.2 Either Party may terminate this Agreement at its own discretion by written notice to the other Party taking into account a notice period of at least one (1) month. 11.3 Xxxxxxx may terminate this Agreement with immediate effect by written notice to the Licensee in case Xxxxxxx in its sole discretion concludes that this Agreement or the execution thereof by Xxxxxxx is contrary to the Applicable Legislation or (an) order(s) by a competent authority, court or tribunal. 11.4 Either Party may terminate this Agreement with immediate effect, by written notice to the other Party in the event that: (a) the other Party breaches a material obligation or fails to perform any of the material terms or conditions of this Agreement and/or any agreements resulting therefrom; and (a) such breach or failure is not capable of remedy; or (b) such breach or failure, if capable of remedy, is not remedied within thirty (30) days after written notice from the rescinding Party requiring such breach or failure to be remedied. 11.5 Either Party may terminate this Agreement with immediate effect, in whole or in part, by written notice to the other Party in the event that: (a) the other Party ceases to pay its debts, becomes insolvent or an order is made or a resolution is passed for the liquidation, 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 to administer all or any substantial part of the assets of the other Party or the other Party requests for a moratorium, enters into or proposes any composition or arrangement with its creditors generally, or anything analogous to the foregoing arises in any applicable jurisdiction; or (b) the other Party terminates its business. 11.6 Xxxxxxx may terminate this Agreement with immediate effect in the event that (a) Licensee directly or indirectly comes under the control of a third party or enters into a legal merger with such third party and such acquisition of control or merger xxxxx or may harm the interest of Xxxxxxx to such extent that Xxxxxxx cannot reasonably be expected to continue this Agreement, or (b) Licensee (knowingly or unknowingly) acts contrary to any restriction applicable to Xxxxxxx with respect to the Licensed Data. 11.7 In the event Licensee requires access to the Licensed Data for a longer period than the term of this Agreement, Licensee may enter a request for a renewal of the access to the Licensed Data. In order for the access to the Licensed Data to remain interrupted, Licensee must enter a fully completed request for renewal no later than two (2) months prior to the termination of this Agreement pursuant to article 11.1 of this Agreement.

Appears in 1 contract

Samples: License Agreement

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Term, Termination and Renewal. 11.1 This Agreement shall commence as of the Effective Date and will continue until, whichever comes earlier, either completion of the Project (i.e. the first publication in relation to the Project), or expiration of the period of time as set forth in clause 4.1 of this Agreement, after which this Agreement shall automatically terminate unless terminated earlier in accordance with this clause 11. 11.2 Either Party may terminate this Agreement at its own discretion by written notice to the other Party taking into account a notice period of at least one (1) month. 11.3 Xxxxxxx may terminate this Agreement with immediate effect by written notice to the Licensee in case Xxxxxxx in its sole discretion concludes that this Agreement or the execution thereof by Xxxxxxx is contrary to the Applicable Legislation or (an) order(s) by a competent authority, court or tribunal. 11.4 Either Party may terminate this Agreement with immediate effect, by written notice to the other Party in the event that: (a) the other Party breaches a material obligation or fails to perform any of the material terms or conditions of this Agreement and/or any agreements resulting therefrom; and (a) such breach or failure is not capable of remedy; or (b) such breach or failure, if capable of remedy, is not remedied within thirty (30) days after written notice from the rescinding Party requiring such breach or failure to be remedied. 11.5 Either Party may terminate this Agreement with immediate effect, in whole or in part, by written notice to the other Party in the event that: (a) the other Party ceases to pay its debts, becomes insolvent or an order is made or a resolution is passed for the liquidation, 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 to administer all or any substantial part of the assets of the other Party or the other Party requests for a moratorium, enters into or proposes any composition or arrangement with its creditors generally, or anything analogous to the foregoing arises in any applicable jurisdiction; or (b) the other Party terminates its business. 11.6 Xxxxxxx Hartwig may terminate this Agreement with immediate effect in the event that (a) Licensee directly or indirectly comes under the control of a third party or enters into a legal merger with such third party and such acquisition of control or merger xxxxx or may harm the interest of Xxxxxxx to such extent that Xxxxxxx cannot reasonably be expected to continue this Agreement, or (b) Licensee (knowingly or unknowingly) acts contrary to any restriction applicable to Xxxxxxx Hartwig with respect to the Licensed Data. 11.7 In the event Licensee requires access to the Licensed Data for a longer period than the term of this Agreement, Licensee may enter a request for a renewal of the access to the Licensed Data. In order for the access to the Licensed Data to remain interrupted, Licensee must enter a fully completed request for renewal no later than two (2) months prior to the termination of this Agreement pursuant to article clause 11.1 of this Agreement.

Appears in 1 contract

Samples: License Agreement

Term, Termination and Renewal. 11.1 This Agreement shall commence as of the Effective Date and will continue until, whichever comes earlier, either completion of the Project (i.e. the first publication in relation to the Project), or expiration of the period of time as set forth in clause 4.1 of this Agreement, after which this Agreement shall automatically terminate unless terminated earlier in accordance with this clause 11. 11.2 . Either Party may terminate this Agreement at its own discretion by written notice to the other Party taking into account a notice period of at least one (1) month. 11.3 . Xxxxxxx may terminate this Agreement with immediate effect by written notice to the Licensee in case Xxxxxxx in its sole discretion concludes that this Agreement or the execution thereof by Xxxxxxx is contrary to the Applicable Legislation or (an) order(s) by a competent authority, court or tribunal. 11.4 . Either Party may terminate this Agreement with immediate effect, by written notice to the other Party in the event that: (a) : the other Party breaches a material obligation or fails to perform any of the material terms or conditions of this Agreement and/or any agreements resulting therefrom; and (a) and such breach or failure is not capable of remedy; or (b) or such breach or failure, if capable of remedy, is not remedied within thirty (30) days after written notice from the rescinding Party requiring such breach or failure to be remedied. 11.5 . Either Party may terminate this Agreement with immediate effect, in whole or in part, by written notice to the other Party in the event that: (a) : the other Party ceases to pay its debts, becomes insolvent or an order is made or a resolution is passed for the liquidation, 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 to administer all or any substantial part of the assets of the other Party or the other Party requests for a moratorium, enters into or proposes any composition or arrangement with its creditors generally, or anything analogous to the foregoing arises in any applicable jurisdiction; or (b) or the other Party terminates its business. 11.6 . Xxxxxxx may terminate this Agreement with immediate effect in the event that (a) Licensee directly or indirectly comes under the control of a third party or enters into a legal merger with such third party and such acquisition of control or merger xxxxx or may harm the interest of Xxxxxxx to such extent that Xxxxxxx cannot reasonably be expected to continue this Agreement, or (b) Licensee (knowingly or unknowingly) acts contrary to any restriction applicable to Xxxxxxx with respect to the Licensed Data. 11.7 . In the event Licensee requires access to the Licensed Data for a longer period than the term of this Agreement, Licensee may enter a request for a renewal of the access to the Licensed Data. In order for the access to the Licensed Data to remain interrupted, Licensee must enter a fully completed request for renewal no later than two (2) months prior to the termination of this Agreement pursuant to article 11.1 of this Agreementclause 11.1.

Appears in 1 contract

Samples: License Agreement

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Term, Termination and Renewal. 11.1 This Agreement shall commence as of the Effective Date and will continue until, whichever comes earlier, either completion of the Project (i.e. the first publication in relation to the Project), or expiration of the period of time as set forth in clause 4.1 of this Agreement, after which this Agreement shall automatically terminate unless terminated earlier in accordance with this clause 11. 11.2 Either Party may terminate this Agreement at its own discretion by written notice to the other Party taking into account a notice period of at least one (1) month. 11.3 Xxxxxxx may terminate this Agreement with immediate effect by written notice to the Licensee in case Xxxxxxx in its sole discretion concludes that this Agreement or the execution thereof by Xxxxxxx is contrary to the Applicable Legislation or (an) order(s) by a competent authority, court or tribunal. 11.4 Either Party may terminate this Agreement with immediate effect, by written notice to the other Party in the event that: (a) the other Party breaches a material obligation or fails to perform any of the material terms or conditions of this Agreement (which particularly includes, but is not limited to the provisions provided for in clause 5 of this Agreement) and/or any agreements resulting therefrom; and (a) such breach or failure is not capable of remedy; or (b) such breach or failure, if capable of remedy, is not remedied within thirty (30) days after written notice from the rescinding Party requiring such breach or failure to be remedied. 11.5 Either Party may terminate this Agreement with immediate effect, in whole or in part, by written notice to the other Party in the event that: (a) the other Party ceases to pay its debts, becomes insolvent or an order is made or a resolution is passed for the liquidation, 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 to administer all or any substantial part of the assets of the other Party or the other Party requests for a moratorium, enters into or proposes any composition or arrangement with its creditors generally, or anything analogous to the foregoing arises in any applicable jurisdiction; or (b) the other Party terminates its business. 11.6 Xxxxxxx may terminate this Agreement with immediate effect in the event that (a) Licensee directly or indirectly comes under the control of a third party or enters into a legal merger with such third party and such acquisition of control or merger xxxxx or may harm the interest of Xxxxxxx to such extent that Xxxxxxx cannot reasonably be expected to continue this Agreement, or (b) Licensee (knowingly or unknowingly) acts contrary to any restriction applicable to Xxxxxxx with respect to the Licensed Data. 11.7 In the event Licensee requires access to the Licensed Data for a longer period than the term of this Agreement, Licensee may enter a request for a renewal of the access to the Licensed Data. In order for the access to the Licensed Data to remain interrupted, Licensee must enter a fully completed request for renewal no later than two (2) months prior to the termination of this Agreement pursuant to article 11.1 of this Agreementclause 11.1.

Appears in 1 contract

Samples: License Agreement

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