Common use of Termination of License Clause in Contracts

Termination of License. In the event Participant and/or Agent fails to pay any Fees when due, or MORMLS, in its sole discretion, determines that a party to this Agreement has failed to comply with any term or condition of this Agreement or the MORMLS Rules and Regulations, MORMLS shall provide the offending party with written notice of such non-payment or non-compliance, and the party shall have five (5) business days from the date of receipt of the notice, to modify, correct and/or remedy such non-payment or non-compliance. Should a party fail to pay such amounts due or remedy, to MORMLS’ satisfaction, such non-compliance within the five (5) day period, MORMLS shall have the right to terminate the party’s License, and Access, immediately and without further notice. In the event MORMLS determines, in its sole discretion, that a party to this Agreement has failed to comply with any terms or conditions of this Agreement or the MORMLS Rules and Regulations and that such non-compliance may materially or adversely affect the integrity of the MLS Databases and/or the MLS Content, MORMLS shall have the right to terminate the party’s License, and Access, immediately and without prior notice to the party.

Termination of License. In the event Participant and/or Agent fails to pay any Fees when due, or MORMLSMOMLS, in its sole discretion, determines that a party to this Agreement has failed to comply with any term or condition of this Agreement or the MORMLS MOMLS Rules and Regulations, MORMLS MOMLS shall provide the offending party with written notice of such non-payment or non-compliance, and the party shall have five (5) business days from the date of receipt of the notice, to modify, correct and/or remedy such non-payment or non-compliance. Should a party fail to pay such amounts due or remedy, to MORMLSMOMLS’ satisfaction, such non-compliance within the five (5) day period, MORMLS MOMLS shall have the right to terminate the party’s License, and Access, immediately and without further notice. In the event MORMLS MOMLS determines, in its sole discretion, that a party to this Agreement has failed to comply with any terms or conditions of this Agreement or the MORMLS MOMLS Rules and Regulations and that such non-compliance may materially or adversely affect the integrity of the MLS Databases and/or the MLS Content, MORMLS MOMLS shall have the right to terminate the party’s License, and Access, immediately and without prior notice to the party.