Common use of Termination for Customer’s Breach Clause in Contracts

Termination for Customer’s Breach. insolvency or bankruptcy (a) the Customer (being a natural person) has become a bankrupt; (b) the Customer (being a corporation) becomes Insolvent; or (c) the Customer breaches a provision of this Agreement and has not remedied that breach within a reasonable period, having regard to the nature of the breach, after service of notice of the breach from the Scheme Owner of its intention to terminate, (each an Event of Default).

Appears in 4 contracts

Samples: Standard Customer Distribution Contract, Distribution Contract, Distribution Contract

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