Common use of TERMINATION BY SONY Clause in Contracts

TERMINATION BY SONY. Sony shall have the right to terminate this License Agreement immediately, by providing written notice of such election to Licensee, upon the occurrence of any of the following events or circumstances: (i) if Licensee breaches any of its material obligations provided for in this License Agreement and such breach is not corrected or cured within thirty (30) days after receipt of written notice of such breach; (ii) if the Developer Agreement is terminated for any reason; (iii) Licensee's failure to pay, or a statement that it is unable to pay, any amount due hereunder, or is unable to pay its debts generally as they shall become due; (iv) Licensee's filing of an application for, or consenting to, or directing the appointment of, or the taking of possession by, a receiver, custodian, trustee or liquidator of all or substantially all of Licensee's property, whether tangible or intangible, wherever located;

TERMINATION BY SONY. Sony shall have the right to terminate this ------------------- License Agreement immediately, by providing written notice of such election to Licensee, upon the occurrence of any of the following events or circumstances: (i) if If Licensee breaches any of its material obligations provided for in this License Agreement Agreement, including, but not limited to, a failure to pay any amount due hereunder, and such breach is not corrected or cured within thirty (30) days after receipt of written notice of such breach; (ii) if the Developer Agreement is terminated for any reason; (iii) Licensee's failure to pay, or a statement that it is unable to pay, pay any amount due hereunder, or is unable to pay its debts generally as they shall become due; or (iviii) Licensee's filing of an application for, or consenting to, or directing the appointment of, or the taking of possession by, a receiver, custodian, trustee or liquidator of all or substantially all of Licensee's property, whether tangible or intangible, wherever located;; or