Termination for cause by each party. Without limiting its other rights or remedies, either party may terminate the Purchaser Contract with immediate effect by giving written notice to the other party (i) if the other party is in material breach of the Purchaser Contract and, where the breach is by its nature curable, a breach is not cured within 30 (thirty) days, or such other period which is reasonably required considering the circumstances, following notification of the breach by the non-breaching party; (ii) if the other party suffers any insolvency proceeding, either voluntary or involuntary, or is adjudicated bankrupt or makes any assignment for the ben- efit of creditors (such termination shall not relieve the party in proceedings from liability for the performance of its obligations arising prior to such termination); (iii) if the other party is subject to a Change in Control in favor of a direct competitor of the terminating party; or (iv) if the other party acquires a direct competitor of the terminating party.
