EARLY TERMINATION FOR FINANCIAL EXIGENCY. The Licensee may terminate this License Agreement if public funding of the Licensee or funding of the Licensee by the Members is materially reduced and the Licensee thereby becomes unable to pay future amounts payable pursuant to this License Agreement. The Licensee will give the Licensor notice of such termination and this License Agreement shall terminate effective sixty (60) days after the giving of such notice if the Licensee has failed to pay the Fee for the calendar year in which such notice was given, or if the Licensee has paid the Fee for the calendar year in which such notice was given, January 1 of the following year. In the case of early termination under this clause, the Licensee’s Members will continue to receive new content until the end of the period for which Licensee has paid in full.
EARLY TERMINATION FOR FINANCIAL EXIGENCY. Licensee may terminate this License Agreement if public funding of Licensee or funding of Licensee by the Members is materially reduced and Licensee thereby becomes unable to pay future amounts payable pursuant to this License Agreement. Licensee will give Licensor prior written notice of such termination and this License Agreement shall terminate effective sixty (60) days after the giving of such notice if Licensee has failed to pay the Fee for the calendar year in which such notice was given, or if Licensee has paid the Fee for the calendar year in which such notice was given, January 1 of the following year. The parties agree that the earliest date on which Licensee will try and terminate this License Agreement under this clause shall be in year 2 of its term.
EARLY TERMINATION FOR FINANCIAL EXIGENCY. The Consortium may terminate this Agreement if public funding of the Consortium or funding of the Consortium by the Members is materially reduced and the Consortium thereby becomes unable to pay future amounts payable pursuant to this Agreement. The Consortium may give the Publisher written notice of such termination and this Agreement shall terminate effective sixty (60) days after the giving of such notice if the Consortium has failed to pay the Fee for the calendar year in which such notice was given, or if the Consortium has paid the Fee for the calendar year in which such notice was given, January 1 of the following year.
EARLY TERMINATION FOR FINANCIAL EXIGENCY. The Licensee may terminate this Agreement without penalty if sufficient content acquisitions funds are not allocated to enable the Licensee, in the exercise of its reasonable administrative discretion, to continue this Agreement. In the event of such financial circumstances, Xxxxxxxx agrees to notify Licensor of the intent to terminate the Agreement as soon as is reasonably possible, but in any case, no less than [X days] prior to next payment date. {Liblicense editors suggest that this clause may be most appropriate for multiple year Agreements.}
