Common use of TERMINATION FOR DEFAULT BY CUSTOMER Clause in Contracts

TERMINATION FOR DEFAULT BY CUSTOMER. APLD may terminate this Agreement for cause immediately upon written notice to Customer if Customer: (a) fails to make any payment(s) due pursuant to this Agreement; (b) violates, or fails to perform or fulfill any covenant or provision of this Agreement, and any such matter is not cured within ten (10) days after written notice from APLD; (c) enters into bankruptcy, dissolution, financial failure or insolvency; or (d) enters into an assignment, sale or merger with a third party, unless approved in writing in advance by APLD (each, a “Customer Default”).

Appears in 3 contracts

Samples: Master Hosting Agreement (Applied Blockchain, Inc.), Master Hosting Agreement (Applied Blockchain, Inc.), Master Hosting Agreement (Applied Blockchain, Inc.)

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TERMINATION FOR DEFAULT BY CUSTOMER. APLD may terminate this Agreement for cause immediately upon written notice to Customer if Customer: (a) fails to make any payment(s) due pursuant to this AgreementAgreement within 30 days of the date due; (b) violates, or fails to perform or fulfill any covenant or provision of this Agreement, and any such matter is not cured within ten business (10) days after written notice from APLD; (c) enters into bankruptcy, dissolution, financial failure or insolvency; or (d) enters into an assignment, sale or merger with a third party, unless approved in writing in advance by APLD (each, a “Customer Default”).notice

Appears in 1 contract

Samples: Master Services Agreement (Applied Blockchain, Inc.)

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