Common use of Termination by Reseller Clause in Contracts

Termination by Reseller. Notwithstanding the provisions of Section 6.1 hereof, RESELLER may terminate this Agreement at any time after the occurrence of any of the following events: (a) Pursuant to a final judgment or order of a court with competent jurisdiction, CASI is declared bankrupt, and such judgment or order remains unstayed or unappealed (by filing of motion after judgment or order or filing of appeal to higher governmental authority) and in effect for 60 days; or (b) CASI assigns or transfers this Agreement or any License Agreement or Trial Agreement or any of its rights to obligations hereunder or thereunder, without RESELLER's prior written consent, which consent shall not be unreasonably withheld; or (c) CASI violates any material provision of this Agreement.

Appears in 4 contracts

Samples: Reseller Agreement (Cumetrix Data Systems Corp), Reseller Agreement (Cumetrix Inc), Reseller Agreement (Cumetrix Data Systems Corp)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!