Term and Termination 3. 1 This Agreement will commence on the Effective Date and shall remain in force for three (3) years (the “Term”), unless terminated in accordance with the terms of this Agreement. 3.2 Subject to Section 3.4, this Agreement may be terminated by either party upon thirty (30) days prior written notice if the other party breaches any material obligation hereunder and the breaching party fails to cure such breach within the thirty (30) day period, provided, however, that the cure period for any failure of Customer to pay fees and charges due hereunder will be fifteen (15) days from the date of receipt by Customer of notice of such failure. 3.3 Either party shall have the right to terminate this Agreement with immediate effect if the other party should enter into liquidation or become insolvent, or enter into receivership or bankruptcy. 3.4 Customer may terminate a Work Order or a portion thereof executed hereunder in its sole discretion on no less than thirty (30) days prior written notice to Certara Portugal. Notwithstanding the termination rights provided above in Section 3.2, but subject to the proviso below, all Work Orders under this Agreement must be completed or terminated before termination of this Agreement, and, therefore, this Agreement shall not terminate until all Work Orders have either been terminated or completed; provided, however, if this Agreement is terminated by Certara Portugal due to Customer’s failure to pay fees and charges due hereunder, then all Work Orders shall be deemed to be terminated at the time of termination of this Agreement and Customer shall remain liable for the full payment of any Work Orders so terminated. In the event that Customer terminates a Work Order for any reason, except for the default of Certara Portugal, Customer shall pay Certara Portugal all fees earned up until the effective date of termination of the Work Order, provided always that Certara shall upon receipt of notice of termination from Customer cease any further work under the Work Order (unless otherwise requested by Customer). The method for determining fees earned is outlined in Section 4.1. Customer shall also pay all reasonable non-cancelable costs incurred as of the effective date of termination of the Work Order. As used herein, non-cancelable costs (including, but not limited to, reasonable costs for wrap-up or close-out work designated by Customer or required by law or regulation) shall mean costs which cannot be prevented or mitigated and which...
Term and Termination 3. 4.1. This Agreement shall continue until expiration or termination by either party as provided herein. 3.4.2. A party may terminate this Agreement if the other party materially breaches its obligations under this Agreement and fails to correct such breach within 30 days of written notice from the non-breaching party of the proposed termination. 3.4.3. Each party shall have the right, without prejudice to its other rights or remedies, to terminate this Agreement immediately by written notice if the other party: a) is unable to pay its debts or becomes insolvent; b) has a receiver, trustee, administrator or similar officer appointed over all or substantially all of its assets; or enters into or proposes any composition of arrangement with its creditors generally, or is subject to any similar event or proceeding in any applicable jurisdiction; or c) files, or has filed against it, a proceeding or cause under any bankruptcy, liquidation, insolvency, receivership or similar law, which remains un-dismissed for 90 days. 3.4.4. CGG shall have the right, without prejudice to its other rights or remedies, to terminate this Agreement immediately by written notice if (i) a third party competitor of CGG acquires Customer by operation of law, purchase of securities or substantially all of the assets or operations of Customer, or otherwise; or (ii) Customer breaches section 3.9, in which case no further payment or other compensation shall be due to Customer. 3.4.5. Termination of this Agreement or any license granted by CGG under the Agreement, for any reason other than breach by CGG, shall not relieve Customer from any remaining obligations under the Agreement, including but not limited to payment obligations. 3.4.6. Termination of this Agreement shall not terminate any Software licenses under the License Agreement. 3.4. Срок действия и прекращение договора 3.4.1. Действие настоящего Договора продолжается до его полного истечения или расторжения по инициативе одной из Сторон, как прописано в настоящем Договоре. 3.4.2. Любая из Сторон может расторгнуть настоящий Договор, если другая Сторона существенно нарушает свои обязательства по нему и не в состоянии исправить такое нарушение в течение 30 дней после получении письменного уведомления от Стороны, инициирующей такое расторжение. 3.4.3. Каждая из Сторон имеет право, не ущемляя своих собственных прав, незамедлительно расторгнуть настоящий Договор, направив письменное уведомление, если другая Сторона: a) не способна произв...
Term and Termination 3. Doba platnosti smlouvy a její ukončení
Term and Termination 3. 1Subject to earlier termination in accordance with the provisions hereof, this Agreement shall commence on the Effective Date hereof and shall continue in full force and effect for a period that is the earlier of: (i) one (1) year from the Effective Date; or (ii) satisfactory completion of all the Services and Deliverables in the manner set forth in clause 2.1 (f) above (“Term”). 3.2This Agreement may be terminated at any time without cause and without assigning any reasons, by the Client by providing thirty (30) days’ prior written notice to the Consultant, provided that all amounts owing under this Agreement for all work completed by the Consultant, must be paid by Client up to and including the date of notice of termination. 3.3Notwithstanding clause 3.2 above, upon the occurrence of any of the following events, Client may terminate this Agreement at any time with immediate effect by serving written notice to the parties: (a)if Consultant becomes insolvent, makes a general assignment for the benefit of creditors or commits an act of bankruptcy, or if a petition for bankruptcy or for its reorganisation or the readjustment of its indebtedness is filed by or against it, or if a receiver, trustee or liquidator of all or a substantial part of its property is appointed or applied for, provided such petition or application is not discharged, vacated or stayed within thirty (30) days thereafter; or (b)a material default by Consultant which is not capable of remedy or which, if capable of remedy, is not remedied to Client’s reasonable satisfaction within fifteen (15) days after Client has given Consultant written notice requiring it to be remedied. (c)any governmental or regulatory or judicial law, rule, regulation or action that restricts, prevents or prohibits in any manner, the Client from setting up and operating the Airport, or undertaking the Airport Project set forth herein. 3.4Upon the occurrence of any of the following events, Consultant may terminate this Agreement at any time with immediate effect by serving written notice to Client: (a)if Client becomes insolvent, makes a general assignment for the benefit of creditors or commits an act of bankruptcy, or if a petition for bankruptcy or for its reorganisation or the readjustment of its indebtedness is filed by or against it, or if a receiver, trustee or liquidator of all or a substantial part of its property is appointed or applied for, provided such petition or application is not discharged, vacated ...
Term and Termination 3. 4.1. This Agreement shall continue until expiration or termination by either party as provided herein. 3.4.2. A party may terminate this Agreement if the other party materially breaches its obligations under this Agreement and fails to correct such breach within 30 days of written notice from the non-breaching party of the proposed termination. 3.4.3. Each party shall have the right, without prejudice to its other rights or remedies, to terminate this Agreement immediately by written notice if the other party: a) is unable to pay its debts or becomes insolvent; b) has a receiver, trustee, administrator or similar officer appointed over all or substantially all of its assets; or enters into or proposes any composition of arrangement with its creditors generally, or is subject to any similar event or proceeding in any applicable jurisdiction; or c) files, or has filed against it, a proceeding or cause under any bankruptcy, liquidation, insolvency, receivership or similar law, which remains un-dismissed for 90 days. 3.4.4. LICENSOR shall have the right, without prejudice to its other rights or remedies, to terminate this Agreement immediately by written notice if (i) a third party competitor of LICENSOR acquires Customer by operation of law, purchase of securities or substantially all of the assets or operations of Customer, or otherwise; or (ii) Customer breaches sections 3.2 or 3.12, in which case no further payment or other compensation shall be due to Customer. 3.4.5. Termination of this Agreement or any license granted by LICENSOR under the Agreement, for any reason other than breach by LICENSOR, shall not relieve Customer from any remaining obligations under the Agreement, including but not limited to payment obligations. 3.4.6. Termination of this Agreement shall terminate all licenses specified in section 1.2. Upon expiration or termination of a license, Licensee's right to use the Software licensed hereunder shall end, and Licensee shall (i) immediately pay all outstanding invoices, fees or charges arising in connection with such license, (ii) within 5 days after termination or expiration of the license, return or destroy (at Licensor’s election) all Software and all copies thereof and erase all Software from the memory of its computer(s) and storage devices or render it non-readable; and (iii) certify in writing that Licensee has satisfied such obligations. 3.4.7. Customer has the right to unilaterally terminate this Agreement by giving a written no...
Term and Termination 3. 1 TERM This Agreement shall enter into force on the Date of Validity and shall be valid for one (1) year from the Date of Validity (The Initial Period), unless the Agreement is terminated earlier as provided for below. This Agreement shall be automatically renewed for one (1) year period at </PAGE>of the initial term and shall continue to renew for consecutive one (1) year periods thereafter, unless either Party sends a written notice to the other so that such notice is received by the other at least sixty (60) days before the end of a renewal period indicating its intention not to renew. 3.2 TERMINATION Each Party may terminate this Agreement for convenience at thirty (30) days prior written notice to the other. 3.3 EFFECT OF TERMINATION At the end or termination of this Agreement, the cooperative and joint marketing obligations set out in this Agreement shall cease. The termination of this Agreement shall not restrict any of the parties from pursuing any other remedies available to it, including injunctions. The rights and obligations of the Parties under Section 3.3 and Articles 4 and 5 shall survive termination of this Agreement. 4.
Term and Termination 3. 1. This Agreement shall commence as of March 1, 2000 (the "Commencement Date") and, subject to the provisions of Section 3.2 below, shall terminate on the first anniversary of the Commencement Date. 3.2. Either party may terminate this Agreement with 30 days' prior written notice. 3.3. This Agreement will immediately terminate upon any of the following events: (a) the bankruptcy (voluntary or involuntary) of, appointment of a trustee or receiver for all or a substantial portion of the assets of, assignment for the benefit of creditors of, or failure generally to pay debts and obligations when due by, the other party; (b) the cessation of business or dissolution and winding up of the other party. 3.4. Termination of this Agreement shall be without prejudice to any other rights or remedies to which a party hereto may be entitled, and shall not affect any accrued rights or liabilities of either party. The provisions of Sections 4, 6 and 7 shall survive any termination of this Agreement. All licenses granted pursuant to this Agreement shall terminate on the date of termination of this Agreement. 4.
Term and Termination 3. 1 Term Deliverables and Services acquired by Buyer on or after the Effective Date will be covered by this Agreement. This Agreement will remain in effect until terminated.
Term and Termination 3. 1 This Agreement shall commence upon execution and subject to the terms and conditions of the License Agreement. This Agreement shall remain in effect for a period of twenty-four (24) months ending on October 31 unless terminated earlier as provided by this Agreement and the License Agreement. The Agreement may be renewed upon the execution of an Addendum to the Agreement indicating such a renewal with the term to be specified. This Agreement may be terminated by either party, with or with cause, upon issuance of sixty (60) days prior written notice to the other party.
