TERMINATION BY DEFAULT – THE COMPANY. (i) The Consultant shall be entitled to terminate the Agreement with immediate effect by notice in writing if any moneys due to the Consultant from the Company shall not have been received in the Consultant’s nominated account within ten (10) days of payment having been requested in writing by the Consultant or if the Company fails to comply with the requirements of Clauses 4 and 7.
Appears in 3 contracts
Samples: Services Agreement (Ocean Rig UDW Inc.), Global Services Agreement (Ocean Rig UDW Inc.), Global Services Agreement (DryShips Inc.)
TERMINATION BY DEFAULT – THE COMPANY. (i) The Consultant shall be entitled to terminate the Agreement with immediate effect by notice in writing if any moneys due to requested by the Consultant from the Company shall not have been received in the Consultant’s nominated account within ten (10) days of payment having been requested in writing by the Consultant or if the Company fails to comply to the reasonable satisfaction of the Consultant with the requirements of Clauses 4 and 7.
Appears in 3 contracts
Samples: Consultancy Agreement (Ocean Rig UDW Inc.), Consultancy Agreement (Ocean Rig UDW Inc.), Consultancy Agreement (DryShips Inc.)
