Common use of Termination by Provider Clause in Contracts

Termination by Provider. Provider shall have the right, upon notice to Customer, to suspend the Service and/or terminate this Agreement if: (a) Customer fails to pay Provider any amount due hereunder and such failure to pay is not cured within 30 days following Provider’s notice to Customer of such breach; (b) Customer materially breaches any term or condition of this Agreement, provided such breach is not cured by Customer within 30 days following Provider’s notice to Customer of such breach; or (c) Customer (i) terminates or suspends its business activities; (ii) liquidates all or a substantial portion of its assets for the benefit of creditors, or becomes subject to direct control of a trustee, receiver or similar authority to effect such liquidation of assets; or (iii) becomes subject to any bankruptcy or insolvency proceeding under federal or state statutes to effect such liquidation of assets.

Termination by Provider. Provider shall have the right, upon notice to Customer, to suspend the Service and/or terminate this Agreement if: (a) Customer fails to pay Provider any amount due hereunder and such failure to pay is not cured within 30 days following Provider’s notice to Customer of such breach; (b) Customer materially breaches any term or condition of this Agreement, provided such breach is not cured by Customer within 30 days following Provider’s notice to Customer of such breach; or (c) Customer (i) terminates or suspends its business activities; (ii) liquidates all or a substantial portion of its assets for the benefit of creditors, or becomes subject to direct control of a trustee, receiver or similar authority to effect such liquidation of assets; or (iii) becomes subject to any bankruptcy or insolvency proceeding under federal or state statutes to effect such liquidation of assets.assets.‌