Termination Upon Breach or Default Sample Clauses
The 'Termination Upon Breach or Default' clause allows one party to end the contract if the other party fails to meet its obligations or violates key terms. Typically, this clause outlines what constitutes a breach or default, such as missed payments or failure to deliver goods, and may require written notice before termination becomes effective. Its core function is to provide a clear and enforceable mechanism for ending the agreement when serious problems arise, protecting parties from ongoing harm due to the other’s non-compliance.
Termination Upon Breach or Default. If Seller or Buyer shall materially default in the observance or in the due and timely performance of any of the covenants contained in this Agreement, or if there shall have been a material breach by either of the parties of any of the representations or warranties set forth in this Agreement, the other party may, upon written notice and a reasonably opportunity to cure, terminate this Agreement, without prejudice to its rights and remedies available at law, including the right to recover expenses, costs and other damages.
Termination Upon Breach or Default. At any time on or prior to the Closing Date, if a material default shall be made by a party in the observance or in the due and timely performance of the covenants herein contained, or if there shall have been a material breach by a party of any of the representations and warranties set forth in this Agreement, Purchaser or Seller, as the case may be, may terminate this Agreement without prejudice to its other rights and remedies, including such party's right to recover its expenses, costs, and other damages. In the event of a breach or Default by Purchaser, all rights, all assets and intellectual property and items listed on Exhibit A shall be returned to Seller in the same or better condition as before the breach or default and all monies accrued in the escrow account shall be retained by the Seller.
Termination Upon Breach or Default. Either party may terminate this Agreement upon a material breach of this Agreement and failure of the breaching party to cure such breach within sixty (60) days of a notice in writing of such breach. In the event VMP is the breaching party and fails to cure the breach within such sixty (60) day period, VMP may be required to remove all personal property and vacate the Premises within five (5) days of the expiration of the sixty (60) day cure period. In the event of a holdover by VMP, County, in addition to and without waiver of any other rights or remedies it may have, may immediately re- enter and take possession and expel VMP from the Premises, with or without process of law. In the event of reentry by County, VMP shall be liable for any damages suffered by County, its agents or employees, and any costs, including legal expenses and attorneys' fees, incurred by County in recovering the Premises.
Termination Upon Breach or Default. (a) If Buyer shall default in the observance, or in the due and timely performance, of any of the agreements or covenants contained in this Agreement, or if there shall have been a material breach by Buyer of any of its representations or warranties set forth in this Agreement, Seller, provided Seller is not in material default with respect to any of its obligations under the Agreement, may terminate this Agreement upon ten (10) days written notice to Buyer, during which time Buyer shall have an opportunity to cure the default or breach.
(b) If Seller shall default in the observance, or in the due and timely performance, of any of the agreements or covenants contained in this Agreement, or if there shall have been a material breach by Seller of any of its representations or warranties set forth in this Agreement, Buyer, provided it is not in material default with respect to any of its obligations under the Agreement, may terminate this Agreement upon ten (10) days written notice to Seller, during which time ▇▇▇▇▇▇ ▇▇▇ll have an opportunity to cure the default or breach.
Termination Upon Breach or Default. Upon breach or default of any of the provisions, obligations, or duties embodied in this Agreement, the aggrieved Party shall provide written notice of the breach or default to the breaching or defaulting Party and permit the breaching or defaulting Party to remedy the breach or default within a specified reasonable period of time. If the breach or default is not satisfactorily remedied within the specified time period, this Agreement may, at the election of the aggrieved Party, be immediately terminated.
Termination Upon Breach or Default. In addition to Purchaser’s to terminate the Agreement under Section 3.1 hereof, each party shall have the right to terminate the Agreement upon the occurrence of any one or more of the following events:
a) failure by either party to perform any of its material obligations under this Agreement and failure to cure such failure within thirty (30) days after receipt of written notice describing such failure; or
b) the other party is declared insolvent or bankrupt by a court of competent jurisdiction, or a voluntary petition of bankruptcy is filed in any court of competent jurisdiction by the other party, or the other party makes or executes any assignment for the benefit of creditors, or a receiver is appointed to control the business of the other party.
Termination Upon Breach or Default. At any time if a material default shall be made by a party in the observance or in the due and timely performance of the covenants herein contained, or if there shall have been a material breach by a party of any of the representations and warranties set forty in this Agreement, UniPro or MCM, as the case may be, any terminate this Agreement without prejudice to its other rights and remedies, including such party's right to recover its expenses, costs, and other damages. [Exhibit 10.2 - Pg. 4]