Common use of Termination of Support Terms Clause in Contracts

Termination of Support Terms. If TCP or Client terminates the License Agreement in accordance with the terms provided therein, then the Support and Maintenance hereunder will also terminate. Further, TCP may terminate this Agreement upon the following conditions: 7.2.1 if Client fails to make any payments due hereunder within ten (10) days after TCP delivers notice of default to Customer; 7.2.2 by giving prior written notice to Client if Client fails to perform any material obligation required of it hereunder, and such failure is not cured within thirty (30) days from Client’s receipt of TCP’s notice to cure such non-performance of material obligation; or 7.2.3 if Client files a petition for bankruptcy or insolvency, has an involuntary petition filed against it, commences an action providing for relief under bankruptcy laws, files for the appointment of a receiver, or is adjudicated a bankrupt concern.

Termination of Support Terms. If TCP or Client terminates the License Agreement in accordance with the terms provided therein, then the Support and Maintenance hereunder will also terminate. Further, TCP may terminate this Agreement upon the following conditions: 7.2.1 if Client fails to make any payments due hereunder within ten (10) days after TCP delivers notice of default to Customer; 7.2.2 by giving prior written notice to Client if Client fails to perform any material obligation required of it hereunder, and such failure is not cured within thirty (30) days from f rom Client’s receipt of TCP’s notice to cure such non-performance of material obligation; or 7.2.3 if Client files f iles a petition for bankruptcy or insolvency, has an involuntary petition filed f iled against it, commences an action providing for relief under bankruptcy laws, files f iles for the appointment of a receiver, or is adjudicated a bankrupt concern.