Common use of By Holder Clause in Contracts

By Holder. This Agreement may be terminated by the Holder, upon a material breach of any representation, warranty, covenant or agreement on the part of Primus or Holding set forth in this Agreement, such that the conditions set forth in Section 5.1(b) or 5.1(c) would not be satisfied and in such case not less than ten (10) business days after written notice of such breach by the Holders to Primus or Holding if Primus or Holding has not cured such breach.

Appears in 2 contracts

Sources: Senior Notes Exchange Agreement (Primus Telecommunications Group Inc), Senior Notes Purchase Agreement (Primus Telecommunications Group Inc)