Common use of Termination for Breach; Insolvency Clause in Contracts

Termination for Breach; Insolvency. Either Party may immediately terminate this Agreement and all Service Orders for material breach of this Agreement by the other Party if such breach is not cured within thirty (30) days after written notice thereof. Either Party may immediately terminate a Service Order for material breach by the other Party of the specific terms of such Service Order if such breach is not cured within thirty (30) days after written notice thereof. Either Party can terminate this Agreement immediately and without notice if a Party enters into compulsory or voluntary liquidation or is deemed unable to pay its debts as they fall due or convene a meeting of or enter into any composition with creditors or have an administrative receiver, receiver manager, or administrator appointed over all or some of the undertaking or assets or anything analogous to the events described occurs in any jurisdiction. Globalscape may terminate immediately if Subscriber has not paid Fees prior to start of Order Form.

Appears in 2 contracts

Samples: Master Service Agreement, Master Service Agreement

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Termination for Breach; Insolvency. Either Party may immediately terminate this Agreement and all Service Orders for material breach of this Agreement by the other Party if such breach is not cured within thirty (30) days after written notice thereof. Either Party may immediately terminate a Service Order for material breach by the other Party of the specific terms of such Service Order if such breach is not cured within thirty (30) days after written notice thereof. Either Party can terminate this Agreement immediately and without notice if a Party enters into compulsory or voluntary liquidation or is deemed unable to pay its debts as they fall due or convene a meeting of or enter into any composition with creditors or have an administrative receiver, receiver manager, or administrator appointed over all or some of the undertaking or assets or anything analogous to the events described occurs in any jurisdiction. Globalscape Fortra may terminate immediately if Subscriber has not paid Fees prior to start of Order Form.

Appears in 1 contract

Samples: Master Service Agreement

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Termination for Breach; Insolvency. Either Party may immediately terminate this Agreement and all Service Orders for material breach of this Agreement by the other Party if such breach is not cured within thirty (30) days after written notice thereof. Either Party may immediately terminate a Service Order for material breach by the other Party of the specific terms of such Service Order if such breach is not cured within thirty (30) days after written notice thereof. Either Party can terminate this Agreement immediately and without notice if a Party enters into compulsory or voluntary liquidation or is deemed unable to pay its debts as they fall due or convene a meeting of or enter into any composition with creditors or have an administrative receiver, receiver manager, or administrator appointed over all or some of the undertaking or assets or anything analogous to the events described occurs in any jurisdiction. Globalscape HelpSystems may terminate immediately if Subscriber has not paid Fees prior to start of Order Form.

Appears in 1 contract

Samples: Master Service Agreement

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