2Termination. (a) Either party may terminate this Agreement or an SOW immediately if the other party (i) fails to cure a material breach of the Agreement or SOW within 30 days after receiving notice of the breach; (ii) materially breaches the Agreement or SOW in a manner that cannot be cured; (iii) dissolves or stops conducting business without a successor; (iv) makes an assignment for the benefit of creditors; or (v) becomes the debtor in insolvency, receivership, or bankruptcy proceedings that continue for more than 60 days. (b) Either party may terminate an affected SOW immediately if a Force Majeure Event prevents Provider from providing the Services for 30 or more consecutive days. (c) Either party may terminate this Agreement for any or no reason if there are no active SOWs. (d) A party must notify the other of its reason for termination.
Appears in 3 contracts
Sources: Professional Services Agreement, Professional Services Agreement, Professional Services Agreement