Common use of Term; Termination; Survival of Provisions Clause in Contracts

Term; Termination; Survival of Provisions. The term of this Agreement shall commence on the date hereof and shall continue, unless earlier terminated pursuant to the provisions of this section, for six (6) months, automatically renewable thereafter for two (2) successive three (3) month periods, followed by monthly periods thereafter, unless either party informs the others in writing thirty (30) days prior to the end of the current term of its intent to terminate this Agreement. This Agreement may be terminated prior to the end of the current term, by mutual written consent of the parties hereto, or: (a) by either party, upon thirty (30) days’ prior written notice, if a closing with respect to investment commitments does not occur within six (6) months of the date hereof or within the two (2) three (3) month periods thereafter, if the Agreement is automatically renewed for such additional period(s) as described in this Paragraph 10; (b) by Placement Agent in the event that Client fails to pay any amount due hereunder within sixty (60) days of that due date; and (c) by either party in the event of a breach by any other party of any of the covenants or agreements or any of the representations or warranties set forth in this Agreement, which breach is not cured within ten (10) business days following written notice to the party committing such breach or by its nature or timing cannot be cured within such time period. Termination of this Agreement will not affect Placement Agent’s right to receive continuing compensation with respect to investments made prior to such termination. It is understood and agreed that the provisions of this Agreement relating to the payment of fees and expenses, confidentiality and indemnification shall survive any termination of this Agreement for twelve (12) months.

Term; Termination; Survival of Provisions. The term of this Agreement shall commence on the date hereof and shall continue, unless earlier terminated pursuant to the provisions of this section, for six (6) months, automatically renewable thereafter for two (2) successive three (3) month periods, followed by monthly periods thereafter, unless either party informs the others other in writing thirty (30) days prior to the end of the current term of its intent to terminate this Agreement. This Agreement may be terminated prior to the end of the current term, by mutual written consent of the parties hereto, or: (a) by either party, upon thirty (30) days’ prior written notice, if a closing with respect to investment commitments does not occur within six (6) months of the date hereof or within the two (2) three (3) month periods thereafter, if the Agreement is automatically renewed for such additional period(s) as described in this Paragraph 10; (b) by Placement Agent in the event that Client fails to pay any amount due hereunder within sixty (60) days of that due date; and (c) by either party in the event of a breach by any other party of any of the covenants or agreements or any of the representations or warranties set forth in this Agreement, which breach is not cured within ten (10) business days following written notice to the party committing such breach or by its nature or timing cannot be cured within such time period. Termination of this Agreement will not affect Placement Agent’s right to receive continuing compensation with respect to investments made prior to such termination. It is understood and agreed that the provisions of this Agreement relating to the payment of fees and expenses, confidentiality and indemnification shall survive any termination of this Agreement for twelve (12) months. Upon termination, the Offering shall be removed from any online platform it is listed on.