Common use of Termination on Notice of Default Clause in Contracts

Termination on Notice of Default. In the event that Agency substantially defaults in the performance of any obligations under this Agreement, AISD shall give immediate written notice to Agency, informing Agency of Agency’s breach and of AISD’s intent to terminate. If, within two (2) business days, Agency does not cure the breach, AISD shall have the right to immediately terminate this Agreement at the end of the occurring semester. In the event that Agency substantially defaults in the performance of any obligations under this Agreement for a second time, AISD shall have the right to immediately terminate this Agreement at the end of the occurring semester.

Appears in 6 contracts

Samples: Agreement, Agreement, Agreement

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