Term and Termination. 12.1 The Licensee shall have the right to exercise the right of use granted to it for an unlimited period of time.
12.2 PERI shall be entitled to terminate without notice the usage right granted to the Licensee, for important reasons, in particular for serious violation of copyrights to the Software by the Licensee.
12.3 All usage rights of the Licensee expire upon receipt of notice of termination.
12.4 In the event of termination, the Software must be returned in its original version and all existing Software copies must be destroyed and deleted from all data carriers.
Term and Termination. 16.1 The Agreement shall be effective from the Effective Date and remain valid unless it is terminated in accordance with the terms of the Agreement.
16.2 The Agreement shall terminate automatically when all its Supplemental Agreements are terminated.
16.3 Either Party may terminate the Agreement with immediate effect by written notice to the other Party if: the other Party commits a material breach of the Agreement and fails to remedy the breach (if remediable) within fourteen (14) days of receiving written notice to that effect specifying the breach and requiring it to be remedied; for the sake of clarity the non-payment of overdue invoices is considered a material breach under the Agreement. the other Party ceases to conduct its business operations; or the other Party enters into a composition with its creditors or goes into liquidation, or is dissolved, or adjudged insolvent or is otherwise rendered incapable of performing its obligations under the Agreement without the consent of a third party.
Term and Termination. This Agreement is valid for an initial period of twelve (12) months from its conclusion and will, after the initial period, remain valid until further notice. After the initial period the Agreement may be terminated by either party by giving three (3) months’ written notice to the other party. Each party may terminate the Agreement with immediate effect by giving a written notice to the other party:
1. in the event of any material breach of the Agreement by the other party; or
2. where the other party is declared bankrupt, files a petition for bankruptcy, requests for restructuring or similar insolvency proceedings. In addition, Nets is entitled to terminate the Agreement with immediate effect if in Nets' opinion the hardware, software or communication connections used by the Merchant may pose risk to the security of the Netaxept, or the Merchant's operations otherwise entail a data security risk, and the Merchant has not rectified the situation despite a written notification by Nets.
Term and Termination. This DPA shall be in effect as long as the Parties have Service Agreements between them in force.
Term and Termination