Common use of Termination; Termination Fee Clause in Contracts

Termination; Termination Fee. (a) Where Client has given notice to Company that Company is in breach of any material provision of this Agreement and such breach remains uncured for 10 days following receipt of such notice, then Client may terminate this Agreement upon a further 10 day written notice to Company of such termination. (b) Client may terminate this Agreement for convenience at any time by giving 30 calendar days prior written notice to Company. (c) In the event of any termination of this Agreement by Company pursuant to Section 1.4 above, Section 2.6 above, Section 6.a(b) or by Client pursuant to any other section of this Agreement other than pursuant to Section 6.2(a) above, Client shall pay to Company within 5 business days of the effective date of such termination (i) in consideration of Company forgoing other business opportunities in anticipation of the Services that otherwise would have been provided to Client pursuant to this Agreement, a termination fee equal to 15% of the total unpaid amounts of any Service Fees associated with any then outstanding Work Order, (ii) any undisputed amount set forth in any invoices delivered pursuant to Section 5 and (iii) any and all other out of pocket costs and expenses specified in any then outstanding Work Order (including, but not limited to, any upfront costs paid by Company related to any third party independent contractor specified in any applicable Work Order) that had actually been incurred by Company or irrevocably committed to by Company in anticipation of fulfilment of any then outstanding Work Order prior to delivery of the written notice of termination by Client pursuant to this Section 6.2(c), an invoice for which will be delivered by Company to Client prior to the effective date of the termination.

Appears in 2 contracts

Samples: Services Agreements, Services Agreement

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Termination; Termination Fee. (a) Where Client has given Participant may terminate this Agreement upon written notice to Company that if Company is in breach of any material provision of this Agreement and such breach remains uncured for a period of 10 days following receipt of such notice, then Client may terminate this Agreement upon a further 10 day written notice to Company of such terminationcalendar days. (b) Client may terminate this Agreement for convenience at any time by giving 30 calendar days prior written notice to Company. (c) In the event of any termination of this Agreement by Company pursuant to Section 1.4 above, Section 2.6 above, Section 6.a(b) 6.a or by Client Participant pursuant to any other section of this Agreement other than pursuant to Section 6.2(a) aboveAgreement, Client Participant shall pay to Company within 5 business days of the effective date of such termination (i) in consideration of Company forgoing other business opportunities in anticipation of the Services Segments that otherwise would have been provided to Client Participant pursuant to this Agreement, a termination fee equal to 15% of the total unpaid amounts of any Service Fees associated with any then outstanding Work OrderContent Participation Agreement, (ii) any undisputed amount set forth in any invoices delivered pursuant to Section 5 and (iii) any and all other out of pocket costs and expenses specified in any then outstanding Work Order Content Participation Agreement (including, but not limited to, any upfront costs paid by Company related to any third party independent contractor specified in any applicable Work OrderContent Participation Agreement) that had actually been incurred by Company or irrevocably committed to by Company in anticipation of fulfilment fulfillment of any then outstanding Work Order Content Participation Agreement prior to delivery of the written notice of termination by Client Participant pursuant to this Section 6.2(c), an invoice for which will be delivered by Company to Client Participant prior to the effective date of the termination.

Appears in 1 contract

Samples: Master Content Agreement

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Termination; Termination Fee. (a) Where Client has given may terminate this Agreement upon written notice to Company that Company GREEN DISTRICT MEDIA if GREEN DISTRICT MEDIA is in breach of any material provision of this Agreement and such breach remains uncured for 10 days following receipt a period of such notice, then Client may terminate this Agreement upon a further 10 day written notice to Company of such terminationthirty (30) calendar days. (b) Client may terminate this Agreement for convenience at any time by giving 30 calendar thirty (30)-calendar days prior written notice to CompanyGREEN DISTRICT MEDIA. (c) In the event of any termination of this Agreement by Company GREEN DISTRICT MEDIA pursuant to Section 1.4 above, Section 2.6 above, Section 6.a(b6.a (b) or by Client pursuant to any other section of this Agreement other than pursuant to Section 6.2(a) above, Client shall pay to Company GREEN DISTRICT MEDIA within 5 five (5) business days of the effective date of such termination (i) in consideration of Company forgoing other business opportunities in anticipation of the Services that otherwise would have been provided to Client pursuant to this Agreement, a termination fee equal to 1550% of the total unpaid amounts of any Service Fees associated with any then outstanding Work Order, , (ii) any undisputed amount set forth in any invoices delivered pursuant to Section 5 5; and (iii) any and all other out of pocket costs and expenses specified in any then outstanding Work Order (including, but not limited to, any upfront costs paid by Company GREEN DISTRICT MEDIA related to any third party independent contractor specified in any applicable Work Order) that had actually been incurred by Company or irrevocably committed to by Company GREEN DISTRICT MEDIA in anticipation of fulfilment fulfillment of any then outstanding Work Order prior to delivery of the written notice of termination by Client pursuant to this Section 6.2(c), an invoice for which will be delivered by Company GREEN DISTRICT MEDIA to Client prior to the effective date of the termination.

Appears in 1 contract

Samples: Master Services Agreement

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