Common use of Termination Due to Change of Control Clause in Contracts

Termination Due to Change of Control. This Agreement may be terminated by either Party at any time, upon 12 months’ prior written notice, in the event of a Change of Control of Member.

Termination Due to Change of Control. This Agreement may be terminated with immediate effect by written notice by either Party, if the other Party at any time, upon 12 months’ prior written notice, in the event of undergoes a Change of Control by being taken over by a Direct Competitor of Memberthe Party, or if the other Party assigns the main rights and obligations of this Agreement to a Direct Competitor.

Termination Due to Change of Control. This Agreement may be terminated beterminated with immediate effect by either Party at any timeupon written notice to the other Party, upon 12 months’ prior written notice, in the event of if either Party undergoes a Change of Control by being taken over by a Direct Competitor of Memberthe other Party. Pursuant to the aforesaid, either Party may exercise such right to terminate the Agreement under this Section 10.2.5 no later than two (2) months after the notification of the applicable Change of Control. A party undergoing a Change of Control shall notify the other Party of the same.

Termination Due to Change of Control. This Agreement may be terminated with immediate effect by either Party at any timeupon written notice to the other Party, upon 12 months’ prior written notice, in the event of if either Party undergoes a Change of Control by being taken over by a Direct Competitor of Memberthe other Party. Pursuant to the aforesaid, either Party may exercise such right to terminate the Agreement under this Section 10.2.5 no later than two (2) months after the notification of the applicable Change of Control. A party undergoing a Change of Control shall notify the other Party of the same.