Termination by the Provider. The Provider may terminate this Agreement with respect to either all or any one or more of the Services, at any time and from time to time, by giving the required written notice to the Recipient of such termination, if (i) members of the SINA Group no longer collectively own at least twenty percent (20%) of the voting power of the then outstanding securities of Weibo, or (ii) SINA, collectively with the other members of the SINA Group, ceases to be the largest beneficial owner of the then outstanding voting securities of Weibo (for purposes of this clause (ii), without considering holdings of institutional investors that have acquired Weibo securities in the ordinary course of their business and not with a purpose nor with the effect of changing or influencing the control of Weibo). Additionally, the Provider may terminate this Agreement by giving written notice of such termination to the Recipient, if the Recipient breaches any material provision of this Agreement (including a failure to timely pay an invoiced amount); provided, however, that the Recipient will have thirty (30) days after receiving such written notice to cure any breach which is curable before the termination becomes effective.
Appears in 3 contracts
Samples: Transitional Services Agreement, Transitional Services Agreement (Sina Corp), Transitional Services Agreement (WEIBO Corp)