Termination for Material Breach or Bankruptcy Sample Clauses

Termination for Material Breach or Bankruptcy. Subject to the provisions of Clause 9.2, either Party shall be entitled to terminate this Agreement upon giving a written notice of termination to the other Party in the event of material breach by the other Party of any of its obligations under this Agreement. The written notice of termination shall contain an itemized description of the breach. For the purposes of this Clause 9.1 an event of material breach shall include any of the following:
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Termination for Material Breach or Bankruptcy. (a) This Agreement and the rights and options granted herein may be terminated by either Party upon any material breach by the other Party of any material obligation or condition, effective thirty (30) days after giving written notice to the breaching Party of such termination in the case of a payment breach and sixty (60) days after giving written notice to the breaching Party of such termination in the case of any other breach, which notice shall describe such breach in reasonable detail. The foregoing notwithstanding, if such default or 48 of 124 ***Confidential Treatment Requested CONFIDENTIAL breach is cured or shown to be non- existent within the aforesaid thirty (30) or sixty (60) day period, the notice shall be deemed automatically withdrawn and of no effect. However, prior to giving any notice for breach, the Parties shall first attempt to resolve any disputes as to the existence of any breach as set forth in Section 10.14.
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Termination for Material Breach or Bankruptcy. (a) Upon the material breach by one Party under this Agreement, the other Party shall notify the breaching Party of such breach, and require that the breaching Party cure such breach within sixty (60) days (or, in the case of payment defaults, within thirty (30) days). CONFIDENTIAL * CONFIDENTIAL TREATMENT REQUESTED. OMITTED PORTIONS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 PROMULGATED UNDER THE SECURITIES ACT OF 1933, AS AMENDED
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Termination for Material Breach or Bankruptcy. This Agreement may be terminated immediately upon written notice by either party hereto, if: (1) the other party fails to remedy a material breach of this Agreement within ninety (90) days of written notice of such breach; or (2) the other party shall file a petition for bankruptcy, shall be adjudicated bankrupt, shall take advantage of the insolvency laws of any state, territory or country, or shall have a receiver, trustee, or other court officer appointed for its property.
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Termination for Material Breach or Bankruptcy. (a) Upon the material breach by one Party under this Agreement, the other Party may notify the breaching Party of such breach in writing and with specificity as to the alleged breach.
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Termination for Material Breach or Bankruptcy. Subject to the provisions of Clause 12.5 the Principal and the Contractor shall be entitled to terminate this Agreement or a particular Assignment Order, upon giving a written notice of termination to the other Parties in the event of material breach by the other Party of any of its obligations under this Agreement. The written notice of termination shall contain an itemized description of the breach. For the purposes of this Section an event of material breach shall include, but not be limited to, any of the following:
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Termination for Material Breach or Bankruptcy. Subject to the provisions of Clause 13.2 the Principal and the AsBo shall be entitled to terminate this Agreement or a particular Assignment Order, upon giving a written notice of termination to the other Parties in the event of material breach by the other Party of any of its obligations under this Agreement. The written notice of termination shall contain an itemized description of the breach. For the purposes of this Section XIII an event of material breach shall include, but not be limited to, any of the following: commitment by a Party of any persistent or material breach of this Agreement (which shall include failure to pay an amount of at least EUR 20,000 due to the other Party or perform any part of the Assignment or an Assignment valued at least EUR 20,000); failure by the AsBo to duly address and remedy the Defects in the Cure Period in accordance with Clauses 11.3; failure by any Deliverable to conform to any of the material requirements to such Deliverable contained in the Agreement or particular Assignment Order, provided that such failure is not capable of being remedied upon receipt of the Objection Notice; failure by the Principal or the Implementing Body, as applicable, to make any payment to the AsBo in accordance with this Agreement within at least fifteen (15) Business Days from the date of payment falling due; any of the representations or warranties given by either Party under Section VIII or any of the declarations, representations or warranties given by the AsBo under Clause 6.3 and/or Clause 9.2 proving to be untrue.
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Termination for Material Breach or Bankruptcy. In case of a material breach of this Agreement by either Party that is not remedied within thirty (30) days from the other Party’s notice thereof, or in case either Party should file for bankruptcy or become insolvent, the other Party shall have the right to terminate this Agreement with immediate effect. In the event of a termination of this Agreement by the Licensor under Section 4(b), the Distributor’s rights with respect to all Licensed Content shall terminate immediately.
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Termination for Material Breach or Bankruptcy 
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Related to Termination for Material Breach or Bankruptcy

  • Termination for Material Breach A party may terminate this Agreement immediately upon notice to the other parties if any of the other parties materially breaches this Agreement, and if capable of cure, does not cure the breach within 10 days after receiving notice specifying the breach. If the material breach affects only certain Services, the non-breaching party that served the notice may choose to terminate only the affected Services.

  • Termination by Either Party This Agreement may be terminated upon 60 days written notice without cause or penalty by either the Company (acting through the Conflicts Committee) or the Advisor. The provisions of Articles 1, 10, 12, 13, 15 and 16 shall survive termination of this Agreement.

  • License Termination Customer may terminate the license for an ICA Program at any time on one month's written notice to IBM. For ICA Program licenses that Customer acquired for a one-time charge, replacement licenses may be acquired for an upgrade charge, if available. When Customer obtains licenses for these replacement ICA Programs, Customer agrees to terminate the license of the replaced ICA Programs when charges become due, unless IBM specifies otherwise. IBM may terminate Customer’s license if Customer fails to comply with the license terms. If IBM does so, Customer’s authorization to use the ICA Program is also terminated.

  • Termination for Breach Upon material breach, the aggrieved Party may terminate this Agreement provided that the breaching Party fails to cure the breach within 30 days after receipt of written notice. This remedy is in addition to any other remedies available at law.

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