Common use of Habitual Default Clause in Contracts

Habitual Default. If in any 12 month period YHI serves Agent with more than 3 notices of material breach under Section 4.5(a), YHI may, in its sole discretion, immediately terminate this Agreement upon notice to Agent with no further opportunity for Agent to cure.

Appears in 3 contracts

Sources: Insurance Producer Agreement, Insurance Producer Agreement, Insurance Producer Agreement