By the Recipient. The Recipient may, at its option, by resolution of its Board of Directors terminate this Agreement in the event that the Provider fails to perform any of its material obligations hereunder and such default continues for a period of ninety (90) days after written demand for performance given to the Provider by a person authorized to give such demand by the Board of Directors of the Recipient.
By the Recipient. To terminate its account for SherWeb’s material breach of the terms or conditions of this Agreement, the Recipient shall provide to SherWeb's legal department in writing, in accordance to section 13.12 hereunder, the details of SherWeb’s material breach and allow SherWeb thirty (30) days to cure any such violation prior to termination of this Agreement. The Recipient may only terminate this Agreement if SherWeb fails to cure the alleged material breach within such thirty (30) days delay.
By the Recipient. The Recipient may, at its sole option, terminate this Agreement by giving written notice of termination to the Recipient at least thirty (30) days prior to the date of such termination, conditioned as follows:
By the Recipient. The Recipient agrees that if, in the course of performing the Services, it is necessary for MTS to access the Recipient’s equipment or use the Recipient’s Technology and Assets, MTS is hereby granted and shall have a non-exclusive, royalty-free license, during the Term, upon reasonable notice and at a reasonable time to access the equipment and use the Recipient’s Technology and Assets solely for the purposes of delivering the Services to the Recipient. MTS shall have no right to use the Recipient’s Technology and Assets for any purpose other than providing the Services to the Recipient, nor for any unlawful purpose.
By the Recipient. The Recipient shall indemnify, defend and hold harmless the Service Provider and its Affiliates from and against, and shall promptly pay or reimburse the Service Provider and its Affiliates for, any and all Losses sustained or incurred by the Service Provider or any of its Affiliates relating to, arising out of, or resulting from, the gross negligence or willful misconduct of the Recipient or its Affiliates in connection with the receipt of any Services by the Recipient.
By the Recipient. The Recipient may, at its sole option, terminate this Agreement in the event that the Provider fails to perform any of its material obligations hereunder and such default continues for a period of ninety (90) days after written demand for performance given to the Provider by a person authorized to give such demand by the Board of Directors of the Recipient. In the event of a Termination, the Recipient’s obligations to pay the Provider on Qualified Contracts for any existing or potential clients will remain intact and will default to 20% of gross revenues received in any form of compensation received (cash or equity). At the time of Termination, the Provider shall be required to provide a list of all introductions made through the date of termination. Additionally, Provider will have the right to exercise any outstanding warrants and/or options up to 180 days after Termination.