TERMINATION AND RETURN OF MACHINES. 9.1 Prior to the expiration of the term of this Agreement, either ELIXIR or the VENUE OWNER may terminate this Agreement :- (a) by immediate written notice to the other party (the “Defaulting Party”) if the Defaulting Party is in material breach of any terms of this Agreement and, where the breach is capable of remedy, the Defaulting Party has failed to remedy the breach within 30 days of the date of a written notice from the non-defaulting party is served to the Defaulting Party specifying the breach and requiring its remedy; or (b) by immediate written notice to the Defaulting Party if the Defaulting Party commits an Event of Liquidation.
Appears in 4 contracts
Samples: Machines Operation and Participation Consolidation Agreement (Entertainment Gaming Asia Inc.), Machines Operation and Participation Agreement (Entertainment Gaming Asia Inc.), Machines Operation and Participation Consolidation Agreement (Elixir Gaming Technologies, Inc.)
TERMINATION AND RETURN OF MACHINES. 9.1 Prior to the expiration of the term of this Agreement, either ELIXIR EGT or the VENUE OWNER Venue Owner may terminate this Agreement :-
(a) by immediate written notice to the other party (the “Defaulting Party”) if the Defaulting Party is in material breach of any terms of this Agreement and, where the breach is capable of remedy, the Defaulting Party has failed to remedy the breach within 30 days of the date of a written notice from the non-defaulting party is served to the Defaulting Party specifying the breach and requiring its remedy; or
(b) by immediate written notice to the Defaulting Party if the Defaulting Party commits an Event of Liquidation.
Appears in 1 contract
Samples: Machines Operation and Participation Agreement (Entertainment Gaming Asia Inc.)
TERMINATION AND RETURN OF MACHINES. 9.1 Prior to the expiration of the term of this Agreement, either ELIXIR or the VENUE OWNER may terminate this Agreement Agreement:-
(a) by immediate written notice to the other party (the “Defaulting Party”) if the Defaulting Party is in material breach of any terms of this Agreement and, where the breach is capable of remedy, the Defaulting Party has failed to remedy the breach within 30 days of the date of a written notice from the non-defaulting party is served to the Defaulting Party specifying the breach and requiring its remedy; or
(b) by immediate written notice to the Defaulting Party if the Defaulting Party commits an Event of Liquidation.
Appears in 1 contract
Samples: Machines Operation and Participation Agreement (Elixir Gaming Technologies, Inc.)
