Common use of Termination by SAP Clause in Contracts

Termination by SAP. This Agreement and the licenses granted under this Agreement may be terminated by SAP in accordance with the following: (a) except for Provider’s breach of its obligations under Sections 8, 9 or 12.1, thirty (30) days after SAP gives Provider notice of Provider's breach of any provision of the Agreement including more than thirty (30) days delinquency in Provider's payment of any money due hereunder, unless Provider has cured such breach during such thirty (30) day period; (b) immediately if (1) Provider commences negotiations with one or more of its creditors with a view to rescheduling major parts of its indebtedness or (2) Provider files for bankruptcy, has a petition for bankruptcy filed on its behalf which is not dismissed within sixty days of filing, becomes insolvent, or makes an assignment for the benefit of creditors; and/or (3) Provider breaches any of its obligations under Sections 8, 9 and/or 14.1 [Intellectual Property Ownership, Confidentiality, Assignment].

Termination by SAP. This Agreement and the licenses granted under this Agreement may be terminated by SAP in accordance with the following: (a) except for Provider’s breach of its obligations under Sections 8, 9 or 12.1, thirty (30) days after SAP gives Provider notice of Provider's breach of any provision of the Agreement including more than thirty (30) days delinquency in Provider's payment of any money due hereunder, unless Provider has cured such breach during such thirty (30) day period; (b) immediately if (1) Provider commences negotiations with one or more of its creditors with a view to rescheduling major parts of its indebtedness or (2) Provider files for bankruptcy, has a petition for bankruptcy filed on its behalf which is not dismissed within sixty days of filing, becomes insolvent, or makes an assignment for the benefit of creditors; and/or (3) Provider breaches any of its obligations under Sections 8, 9 and/or 14.1 [Intellectual Property Propoerty Ownership, Confidentiality, Assignment].

Termination by SAP. This Agreement and the licenses granted under this Agreement may be terminated by SAP in accordance with the following: (a) except for Provider’s breach of its obligations under Sections 8, 9 or 12.114.1, thirty (30) days after SAP gives Provider notice of Provider's breach of any provision of the Agreement including more than thirty (30) days delinquency in Provider's payment of any money due hereunder, unless Provider has cured such breach during such thirty (30) day period; (b) immediately if (1) Provider commences negotiations with one or more of its creditors with a view to rescheduling major parts of its indebtedness or (2) Provider files for bankruptcy, has a petition for bankruptcy filed on its behalf which is not dismissed within sixty days of filing, becomes insolvent, or makes an assignment for the benefit of creditors; and/or (3) Provider breaches any of its obligations under Sections 8, 9 and/or 14.1 [Intellectual Property Ownership, Confidentiality, Assignment].