Term and Termination. This Agreement shall come into force on the Commencement Date and shall continue in full force and effect, unless terminated earlier in accordance with the provisions of this Agreement, until Completion, when this Agreement shall automatically expire (the “Term”). Either party may terminate this Agreement forthwith by giving the other party written notice of immediate termination if the other party: commits a material breach of this Agreement and such breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and fails to remedy that breach within thirty (30) days of being given written notice specifying the breach and requiring its remedy; becomes insolvent or suspends, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due within the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the purpose of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); the other party ceases, or threatens to cease, carrying on its business. The Catapult shall also be entitled to terminate this Agreement at any time and for any reason by giving no less than thirty (30) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason, shall not affect the accrued rights or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effect.
Appears in 2 contracts
Sources: Agreement for the Purchase of Services, Agreement for the Purchase of Services
Term and Termination. 18.1 This Agreement shall come into force commences as of the Effective Date and continues until terminated pursuant to the terms of this Section 18.
18.2 This Agreement may be terminated at any time by mutual written agreement of Target and CVS.
18.3 Either Party may terminate this Agreement:
(a) upon one hundred eighty (180) days’ prior written notice of termination to the other Party in the event the other Party or its Affiliates or their respective directors or officers commits an act, omits to take an action, or is the subject of an adverse determination of a Governmental Entity or in a litigation or similar proceeding that materially and adversely ▇▇▇▇▇ the goodwill or reputation of the other Party, which harm could not reasonably be expected to be temporary and could reasonably be expected to impact such Party broadly (and not in respect of any single Store or subset of Stores), and could reasonably be expected to have a material and adverse effect on the Commencement Date goodwill or reputation of the terminating Party if it continued its association with the other Party; or
(b) upon prior written notice of termination to the other Party effective one hundred and shall continue eighty (180) days following the other Party’s receipt of written notice of termination, if any event (including, in full force and the case of CVS, CVS’s failure to maintain participation in any “Federal health care program” as defined in 42 U.S.C. § 1320a-7b(f), or the debarment, exclusion, or suspension of CVS from participation in any federal procurement program), change, development, effect, unless terminated earlier condition, circumstance, matter, occurrence or state of facts (an “Event”) has a material adverse effect on (i) the other Party’s ability to fulfill its obligations under this Agreement or (ii) the business, condition (financial or otherwise), assets, liabilities, operations or results of operations of the other Party in accordance the Stores (and not in respect of any single Store or subset of Stores), which Event continues unremedied for a period of one hundred twenty (120) days after the terminating Party provides written notice to the other Party describing the nature of the Event, provided, however, that an Event shall not include (1) changes in Law or applicable accounting regulations or principles or interpretations thereof, (2) any Force Majeure Event, (3) changes in the United States or foreign economies, financial markets or geopolitical conditions in general, or (4) changes in industries relating to the business of the other Party in general and not specifically relating to the business of the other Party, except to the extent (and only to the extent) that the business of the other Party is materially disproportionately impacted by such events in comparison to others in the same business as the other Party; or
(c) upon prior written notice of termination to the other Party effective one hundred and eighty (180) days following the other Party’s receipt of written notice of termination, if any breach of this Agreement results in a material adverse effect on the business, condition (financial or otherwise), assets, liabilities, operations or results of operations of the other Party in the Stores (and not in respect of any single Store or subset of Stores), which breach continues unremedied for a period of one hundred twenty (120) days after the terminating Party provides written notice to the other Party of the breach; provided that for purposes of clauses (a), (b) and (c) above, during such one hundred eighty (180) day period prior to the effective date of termination, the terminating Party shall cause its Senior Officer to be available to meet in person with the provisions Senior Officer of this Agreement, until Completion, when this Agreement shall automatically expire (the “Term”). Either party non-terminating Party to seek to expeditiously resolve any differences prior to the effective date of such termination.
18.4 CVS may terminate this Agreement forthwith by giving upon the other party written notice of immediate termination if the other party: commits a material breach of this Agreement and such breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and fails to remedy that breach within thirty (30) days of being given written notice specifying the breach and requiring its remedy; becomes insolvent or suspends, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due within the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the purpose occurrence of a scheme for a solvent amalgamation or reconstruction Change of that party; has a petition filedControl of Target, notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); the other party ceases, or threatens to cease, carrying on its business. The Catapult shall also be entitled to and Target may terminate this Agreement at any time and for any reason by giving no less than thirty (30) days’ written notice to upon the Supplieroccurrence of a Change of Control of CVS, in each case, as provided in this Section 18.4. The Catapult “Change of Control” shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason, shall not affect the accrued rights or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effect.mean:
Appears in 2 contracts
Sources: Pharmacy Operating Agreement (Target Corp), Pharmacy Operating Agreement (Target Corp)
Term and Termination.
15.1 This Agreement shall come into force shall, unless otherwise terminated as provided in this clause 15, commence on the Commencement Effective Date and shall continue in full force and effect, for the a period of 12 months (the "Initial Subscription Term") unless terminated earlier in accordance with its terms. Upon expiry of the Initial Subscription Term, this Agreement shall be automatically renewed for successive terms of 12 months (each a "Renewal Period"), unless:
(a) either party notifies the other party of termination, in writing, at least 30 days before the end of the Initial Subscription Term or any Renewal Period, in which case this Agreement shall terminate upon the expiry of the applicable Initial Subscription Term or Renewal Period; or
(b) otherwise terminated in accordance with the provisions of this Agreement; and the Initial Subscription Term together with any subsequent Renewal Periods shall constitute the "Subscription Term".
15.2 Without affecting any other right or remedy available to it, until Completion, when this Agreement shall automatically expire (the “Term”). Either party Supplier may terminate this Agreement forthwith with immediate effect by giving written notice to the other party written notice of immediate termination if if:
(a) the other party: Customer fails to pay any amount due under this Agreement on the due date for payment and remains in default not less than 30 days after being notified in writing to make such payment;
(b) the Customer commits a material breach of this Agreement and such breach is not capable of remedy; commits a material breach any other term of this Agreement which breach is capable of remedy and irremediable or (if such breach is remediable) fails to remedy that breach within thirty a period of 30 days after being notified in writing to do so; or
(30c) days the Customer repeatedly breaches any of being given the terms of this Agreement in such a manner as to reasonably justify the opinion that its conduct is inconsistent with it having the intention or ability to give effect to the terms of this Agreement.
15.3 Without affecting any other right or remedy available to it, either party may terminate this Agreement with immediate effect by giving written notice specifying to the breach and requiring its remedy; becomes insolvent or other party if:
(a) the other party suspends, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due or admits inability to pay its debts or is deemed unable to pay its debts within the meaning of section 123 of the Insolvency Act 1986; ▇▇▇ ▇▇▇▇, as if the words "it is proved to the satisfaction of the court" did not appear in sections 123(1)(e) or 123(2) of the Insolvency ▇▇▇ ▇▇▇▇;
(b) the other party commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the sole purpose of a scheme for a solvent amalgamation of that other party with one or more other companies or the solvent reconstruction of that other party; has ;
(c) a petition is filed, a notice is given, a resolution is passed, or an order is made, for or in connection with the winding up of that other party other than for the sole purpose of a scheme for a solvent amalgamation of that other party with one or more other companies or the solvent reconstruction of that other party; has ;
(d) an application is made to court, or an order is made, for the appointment of an administrator, or has if a notice given of intention to appoint an administratoradministrator is given or if an administrator is appointed, in respect of that party or any part of its business or assets; gives, or over the other party;
(e) the holder of a qualifying floating charge over the assets of that other party gives, notice of an intention has become entitled to appoint or has appointed an administrative receiver; has ;
(f) a liquidator, receiver, administrator person becomes entitled to appoint a receiver over the assets of the other party or administrative a receiver is appointed over the assets of the other party;
(g) a creditor or in respect encumbrancer of the other party attaches or takes possession of, or a distress, execution, sequestration or other such process is levied or enforced on or sued against, the whole or any part of that the other party’s business 's assets and such attachment or assets; process is not discharged within 14 days;
(h) any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar to any of the events mentioned in Clauses 19.2.3 clause 15.3(a) to 19.2.8 clause 15.3(f) (inclusive); or
(i) the other party suspends or ceases, or threatens to suspend or cease, carrying on all or a substantial part of its business. The Catapult shall also be entitled to terminate this Agreement at any time and for any reason by giving no less than thirty (30) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION .
15.4 On expiry or termination of this Agreement: the Supplier Agreement for any reason:
(a) all licences granted under this Agreement shall immediately cease all further performance of terminate and the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier Customer shall immediately cease all use of the Intellectual Property Rights relating Services;
(b) each party shall return and make no further use of any equipment, property and other items (and all copies of them) belonging to the Services and the Deliverables in any way; other party;
(c) the Supplier shall promptly provide may destroy, delete or otherwise dispose of any of the Customer Data in its possession, unless the Supplier receives, no later than ten (10) days after the effective date of the termination of this Agreement, a written request for the delivery to the Catapult all Deliverables developed or created prior Customer of the then most recent back-up of the Customer Data. The Supplier shall use reasonable commercial endeavours to deliver the back-up to the date Customer within 30 days of its receipt of such a written request, provided that the Customer has, at that time, paid all fees and charges outstanding at and resulting from termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as due at the date of such termination (including termination). The Customer shall pay all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually expenses incurred by the Supplier in providing such assistance. If returning or disposing of Customer Data; and
(d) any rights, remedies, obligations or liabilities of the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) parties that have been incurred by the Supplier prior accrued up to the date of termination; and/or (ii) which , including the Supplier has committed right to pay to a third party claim damages in connection with the provision respect of any breach of the Services under a binding agreement entered into prior to Agreement which existed at or before the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason, shall not affect the accrued rights be affected or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effectprejudiced.
Appears in 2 contracts
Sources: Software as a Service Subscription Agreement, Software as a Service Subscription Agreement
Term and Termination. This Agreement shall come into force 14.1 You may use the Software for the Licence Period. You will not be allowed to use the Software after the Licence Period ends unless we extend your right to use it. The way we extend your right to use the Software will depend on the Commencement Date and shall continue Software you are using. We (or your supplier) will tell you how to extend your right to use the Software in full force and effect, unless terminated earlier in accordance with the provisions of this Agreement, until Completion, when each case.
14.2 You may end this Agreement shall automatically expire (at any time by writing to tell us and once acknowledged by us, the “Term”)Agreement may end. Either Such termination will mean all sums owed to us become immediately due and you will not be entitled to any refund. If you are paying for technical support or any other service from us and you want to end that service, you should read the terms for that support or service to find out how to stop that particular service.
14.3 Without prejudice to any other rights or remedies to which the parties may be entitled, either party may terminate this Agreement forthwith by giving immediately without liability to the other if:
14.3.1 the other party written notice of immediate termination if the other party: commits a material breach of any of the terms of this Agreement and (if such a breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and remediable) fails to remedy that breach within thirty (30) 30 days of that party being given written notice specifying the breach and requiring its remedy; becomes insolvent or suspends, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due within the meaning of section 123 notified in writing of the Insolvency Act 1986breach; commences negotiations with all or
14.3.2 an order is made or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the purpose of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution is passed, or order made, passed for or in connection with the winding up of that the other party, or circumstances arise which entitle a court of competent jurisdiction to make a winding-up order in relation to the other party; has an application made to court, or or
14.3.3 an order made, is made for the appointment of an administratoradministrator to manage the affairs, business and property of the other party, or has documents are filed with a court of competent jurisdiction for the appointment of an administrator of the other party, or notice given of intention to appoint an administrator, in respect of that administrator is given by the other party or any part of its business directors or assets; gives, or the holder of by a qualifying floating charge holder; or
14.3.4 a receiver is appointed over any of the other party's assets or undertaking, or if circumstances arise which entitle a court of that party gives, notice of an intention competent jurisdiction or a creditor to appoint an administrative receiver; has a liquidatorreceiver or manager of the other party, receiver, administrator or administrative receiver appointed over if any other person takes possession of or sells the assets or in respect of any part of that other party’s business or 's assets; any event occurs, or proceeding is taken, with respect to or
14.3.5 the other party makes any arrangement or composition with its creditors, or makes an application to a court of competent jurisdiction for the protection of its creditors in any jurisdiction to which it is subject that has an effect equivalent or similar to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive)way; or
14.3.6 the other party ceases, or threatens to cease, carrying on its business. The Catapult shall also be entitled to terminate this Agreement at trade; or
14.3.7 the other party takes or suffers any time and similar or analogous action in any jurisdiction in consequence of debt.
14.4 If you have purchased a licence to use the Software for any reason by giving no less a specified period of time, rather than thirty (30) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate a perpetual licence period, we may end this Agreement by giving you thirty days written notice at any time. If we do, we will refund an amount being the proportion of immediate termination to the Supplier, if: in any 12 (twelve) month unexpired period during of the Term, the Supplier commits two (2) or more breaches term of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason, shall not affect the accrued rights or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effect.
Appears in 2 contracts
Sources: Software Licence Agreement, Software Licence Agreement
Term and Termination. 11.1 This Agreement shall come into force on will commence when You sign the Commencement Date Call Off Order Form or, if earlier, when You Use any of the Services (the “Effective Date“), and shall continue remain in full force and effect, unless until terminated earlier by You or Us in accordance with the provisions of this Agreement, until Completion, when clause 11.
11.2 The minimum contract term is 12 months. Termination before this Agreement shall automatically expire (the “Term”)time is not possible. There are no termination fees.
11.3 Either party Party may terminate this Agreement forthwith for convenience by giving providing the other party written Party with not less than 30 days’ advance notice of immediate termination in writing.
(a) Without prejudice to any other rights or remedies to which the Parties may be entitled, either Party may terminate this Agreement without liability to the other if:
(b) forthwith if the other party: commits a any material breach of any term of this Agreement and such breach is which has not capable of remedy; commits a material breach of this Agreement which is capable of remedy and fails to remedy that breach been remedied within thirty (30) 30 days of being given written notice specifying a request;
(c) forthwith if the breach and requiring its remedy; becomes insolvent or suspends, or threatens to suspend, payment other shall convene a meeting of its debts creditors or is if a proposal shall be made for a voluntary winding up or a proposal for any other composition scheme or arrangement with its creditors or if the other shall be unable to pay its debts as they fall due within the meaning or if a trustee, administrator, receiver, examiner or similar officer is appointed in respect of section 123 of the Insolvency Act 1986; commences negotiations with all or any class part of its creditors with the business or assets of the other or if a view to rescheduling any petition is presented or a meeting is convened for the purpose of its debts, considering a resolution or makes a proposal other steps are taken for the winding up of the other or enters into any compromise or arrangement with its creditors other for the making of an examination order (otherwise than for the purpose of a scheme for a solvent an amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusivereconstruction); the other party ceases, or threatens to cease, carrying on its business. The Catapult shall also be entitled to terminate this Agreement at any time and for any reason by giving no less than thirty (30) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or .
11.4 Any termination of this Agreement: the Supplier Agreement shall immediately cease all further performance of the Services pursuant to this Agreement be without prejudice and shall not thereafter hold itself out as continuing to supply affect any accrued rights or liabilities of either party.
11.5 Upon termination of this Agreement the Services Company shall terminate access to the Catapult; the Supplier shall immediately cease all use Software Program. Within 30 days of the Intellectual Property Rights relating to termination of this Agreement the Services and the Deliverables in any way; the Supplier Customer shall promptly provide to the Catapult all Deliverables developed either return or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including destroy all copies of the same), Software Program Materials and associated Intellectual Property as defined under this agreement. An authorised officer of the Customer shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided Company that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or Customer has complied with its obligation as aforesaid.
11.6 On termination of this Agreement for any reason, :
(a) all rights granted to You under this Agreement shall not affect the accrued rights or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effect.immediately terminate;
Appears in 2 contracts
Sources: Customer Agreement, Customer Agreement
Term and Termination. 13.1 This Agreement shall come into force shall, unless otherwise terminated as provided in this clause 13 commence on the Commencement Effective Date and shall continue for the Initial Subscription Term and, thereafter, this Agreement shall be automatically renewed for successive periods of twelve (12) months (each a Renewal Period), unless:
13.1.1 either party notifies the other party of termination, in full force and effectwriting, unless at least sixty (60) days before the end of the Initial Subscription Term or any Renewal Period, in which case this Agreement shall terminate upon the expiry of the applicable Initial Subscription Term or Renewal Period; or
13.1.2 otherwise terminated earlier in accordance with the provisions of this Agreement.
13.2 Without affecting any other right or remedy available to it, until CompletionSecurity Alliance may terminate or suspend, when wholly or partially, this Agreement shall automatically expire (or any Statement of Work entered into pursuant to it and the “Term”). Either party may terminate this Agreement forthwith Customer’s access to the Service, with immediate effect by giving written notice to the other party written notice of immediate termination if if:
13.2.1 the other party: Customer fails to pay any amount due under this Agreement on the due date for payment and remains in default not less than fourteen (14) days after being notified in writing to make such payment;
13.2.2 the Customer commits a material breach of any other term of this Agreement and which breach is irremediable or (if such breach is remediable) fails to remedy that breach within a period of fourteen (14) days after being notified in writing to do so;
13.2.3 the Customer repeatedly breaches any of the terms of this Agreement in such a manner as to reasonably justify the opinion that its conduct is inconsistent with it having the intention or ability to give effect to the terms of this Agreement;
13.2.4 Security Alliance reasonably believes that the Customer, its Authorised Users or others (whether or not capable under the Customer’s control) are misusing the Services including, but not limited to, making use of remedythe Services for illegal purposes;
13.2.5 Security Alliance is told to do so by the Government or other lawful regulatory authority or the emergency services;
13.2.6 the Customer allows anything to happen through the Software which in Security Alliance’s reasonable opinion may have the effect of jeopardising the operation of the Software, or the Software being used in a manner which is against the Customer’s best interest, the best interests of Security Alliance’s other customers and/or Security Alliance or any third party involved in providing the Services to the Customer;
13.2.7 the Customer uses any equipment or other hardware to access the Services which is defective or illegal and Security Alliance has reasonable grounds to believe that such equipment or hardware may affect the operation and/or security of the Software;
13.2.8 the Customer takes any step or action in connection with its entering administration, provisional liquidation or any composition or arrangement with its creditors (other than in relation to a solvent restructuring), being wound up (unless for the purpose of a solvent restructuring), having a receiver appointed to any of its assets or ceasing to carry on business or, if the step or action is taken in another jurisdiction, in connection with any analogous procedure in the relevant jurisdiction;
13.2.9 the Customer suspends or ceases, or threatens to suspend or cease, carrying on all or a substantial part of its business; or
13.2.10 there is a change of control of the Customer.
13.3 The Customer may terminate or suspend wholly or partially this Agreement or any Statement of Work entered into pursuant to it, without advance notice if:
13.3.1 Security Alliance commits a material breach of any other term of this Agreement which breach is capable of remedy and irremediable or (if such breach is remediable) fails to remedy that breach within a period of fourteen (14) days after being notified in writing to do so; or
13.3.2 Security Alliance takes any step or action in connection with its entering administration, provisional liquidation or any composition or arrangement with its creditors (other than in relation to a solvent restructuring), being wound up (unless for the purpose of a solvent restructuring), having a receiver appointed to any of its assets or ceasing to carry on business or, if the step or action is taken in another jurisdiction, in connection with any analogous procedure in the relevant jurisdiction.
13.4 Where the Customer terminates this Agreement pursuant to clause 13.3, Security Alliance shall refund the Customer any payment made in advance in respect of the unexpired term of the Agreement.
13.5 Where Security Alliance exercises its right to suspend the Services in accordance with clause 13.2:
13.5.1 it shall only suspend the Services for such time as is necessary for Security Alliance (in conjunction with the Customer, if necessary) to implement an alternative means to resolve any technical or other problems caused by the Customer;
13.5.2 it shall only suspend the Services as a last resort, i.e. where the objective of the suspension (e.g. the prevention of reselling or fraudulent use) could not be achieved by way of an alternative means which is just as quick and does give rise to any additional cost to the Security Alliance;
13.5.3 and the cause of such suspension has not been resolved to Security Alliance’s satisfaction, Security Alliance may terminate the suspended Services; and
13.5.4 Security Alliance shall not be obliged to resolve any issues or implement any such alternative means if doing so would give rise to any additional cost or liability for Security Alliance.
13.6 On termination of this Agreement for any reason:
13.6.1 all licences granted under this Agreement shall immediately terminate;
13.6.2 the Customer’s access to the Services will be deactivated by Security Alliance and the Customer shall immediately cease all use of the Services and/or the Documentation;
13.6.3 each party shall return and make no further use of any Confidential Information, equipment, property, Documentation and other items (and all copies of them) belonging to the other party;
13.6.4 the Supplier may destroy or otherwise dispose of any of the Customer Data in its possession unless the Supplier receives, no later than ten (10) days after the effective date of the termination of this Agreement, a written request for the delivery to the Customer of the then most recent back-up of the Customer Data. The Supplier shall use reasonable commercial endeavours to deliver the back-up to the Customer within thirty (30) days of being given its receipt of such a written notice specifying request, provided that the breach Customer has, at that time, paid all fees and requiring its remedy; becomes insolvent or suspends, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due within the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the purpose of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); the other party ceases, or threatens to cease, carrying on its business. The Catapult shall also be entitled to terminate this Agreement charges outstanding at any time and for any reason by giving no less than thirty (30) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of resulting from termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as due at the date of such termination (including termination). The Customer shall pay all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually expenses incurred by the Supplier in providing such assistance. If returning or disposing of Customer Data; and
13.6.5 any rights, remedies, obligations or liabilities of the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) parties that have been incurred by the Supplier prior accrued up to the date of termination; and/or (ii) which , including the Supplier has committed right to pay to a third party claim damages in connection with the provision respect of any breach of the Services under a binding agreement entered into prior to which existed at or before the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason, shall not affect the accrued rights be affected or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effectprejudiced.
Appears in 2 contracts
Sources: Software Subscription Agreement, Software Subscription Agreement
Term and Termination. 15.1 This Agreement shall come into force will begin on the Commencement Date and shall continue in full force and effectand, unless terminated earlier in accordance with the provisions of this Agreement, until Completion, when this Agreement shall automatically expire (continue for the “Term”). Either party period set forth the Commercial Summary.
15.2 The Supplier may terminate this Agreement forthwith and/or any Statement of Work at any time by giving notice in writing to the other party written notice of immediate termination if Customer if:
(a) the other party: Customer or any User commits a material breach of this Agreement and such breach is not capable remedied within ten (10) business days’ or if the material breach is incapable of remedybeing remedied;
(b) the Customer has failed to pay any amount due under this Agreement on the due date and such amount remains unpaid within thirty (30) calendar days after the Customer has received notification that the payment is overdue; or
(c) any consent, licence or authorisation held by the Customer is revoked or modified such that it is no longer able to comply with its obligations under this Agreement, any Statement of Work, or access and use the SaaS.
15.3 The Customer may terminate this Agreement if Supplier commits a material breach of this Agreement which is capable of remedy and fails to remedy that breach not remedied within thirty (30) calendar days of being given receiving written notice specifying of such breach from Customer.
15.4 Either party may terminate this Agreement at any time by giving notice in writing to the breach and requiring other party if that other party:
(a) stops carrying on all or a significant part of its remedy; becomes insolvent or suspendsbusiness, or threatens indicates in any way that it intends to suspend, payment of its debts or do so;
(b) is unable to pay its debts as they fall due within become due;
(c) becomes the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the purpose subject of a scheme for a solvent amalgamation or reconstruction of that party; formal insolvency arrangement recognised by applicable law;
(d) has a petition filedreceiver, notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receivermanager, administrator or administrative receiver appointed over the assets all or in respect of any part of its undertaking, assets or income;
(e) has a resolution passed for its winding up;
(f) has a petition presented to any court for its winding up or an application is made for an administration order, or any winding-up or administration order is made against it;
(g) is subject to any procedure for the taking control of its goods that party’s business is not withdrawn or assets; discharged within fourteen (14) calendar days of that procedure being commenced;
(h) has a freezing order made against it;
(i) is subject to any recovery or attempted recovery of items supplied to it by a supplier retaining title to those items;
(j) is subject to any events or circumstances analogous to those in Sections 15.3 (a) to 15.3 (j) in any jurisdiction;
(k) takes any steps in anticipation of, or has no realistic prospect of avoiding, any of the events or procedures described in Sections 15.3 (a) to 15.3 (k) including for the avoidance of doubt, but not limited to, giving notice for the convening of any meeting of creditors, issuing an application at court or filing any notice at court, receiving any demand for repayment of lending facilities, or passing any board resolution authorising any steps to be taken to enter into an insolvency process.
15.5 The right of a party to terminate the Agreement pursuant to Section 15.3 shall not apply to the extent that the relevant procedure is entered into for the purpose of amalgamation, reconstruction or merger (where applicable) where the amalgamated, reconstructed or merged party agrees to adhere to this Agreement.
15.6 If a party becomes aware that any event occurshas occurred, or proceeding is takencircumstances exist, with respect which may entitle the other party to terminate this Agreement under this Section 15, it shall immediately notify the other party in any jurisdiction to which it is subject that has an effect equivalent writing.
15.7 Termination or similar to any expiry of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); the other party ceases, or threatens to cease, carrying on its business. The Catapult shall also be entitled to terminate this Agreement shall not affect any accrued rights and liabilities of either party at any time and for any reason by giving no less than thirty (30) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior up to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason, shall not affect the accrued rights or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effect.
Appears in 2 contracts
Sources: Saas Agreement, Saas Agreement
Term and Termination. 6.1 This Agreement shall come into force on become effective as of the Commencement Effective Date and and, unless otherwise terminated as provided herein, shall continue remain in full force and effecteffect until completion of Industrialisation as described in Article 2 and more particularly set out in Exhibit 2, unless terminated earlier in accordance with the provisions of this Agreement, until Completion, when this Agreement shall automatically expire (the “Term”). Either party may terminate this Agreement forthwith by giving the other party written notice of immediate termination if the other party: commits a material breach of this Agreement and such breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and fails to remedy that breach within thirty (30) days of being given written notice specifying the breach and requiring its remedy; becomes insolvent or suspends, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due within the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the purpose of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to following which it is subject that has an effect equivalent or similar to any of shall expire automatically.
6.2 Each Party shall have the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); the other party ceases, or threatens to cease, carrying on its business. The Catapult shall also be entitled to terminate this Agreement right at any time and for any reason by giving no less than thirty (30) days’ written notice to during the Supplier. The Catapult shall also be entitled to terminate period of this Agreement by giving written notice of immediate termination to the Supplier, if: other party to terminate this Agreement forthwith in any 12 of the following events:
6.2.1 if the other Party enters into either administration, receivership or liquidation whether compulsory or voluntary otherwise than for the purposes of amalgamation or reconstruction or entering into a composition with its creditors or has a receiver appointed over all or the material part of its assets, provided and to the extent that such termination is permitted pursuant to the applicable legislation in the country of domicile of the relevant Party;
6.2.2 if a Party commits a breach of any Material Obligation which breach has not been cured within thirty (twelve30) month period during business days following receipt of notice in writing from the Term, other Party detailing such breach (provided the Supplier commits two (2breach is not the subject of a dispute being dealt with pursuant to Article 15.2.2) or more if a Party is persistently in default of its other obligations having been repeatedly notified by the other Party of its breaches under this Agreement and such, when taken together, amount to a Material Obligation.
6.3 Should the Industrialisation be terminated during any Milestone then, in addition to any other rights UNILIFE may have under this Agreement or at law, SWIND shall make a pro rata payment to UNILIFE of the total sums due under Article 4.1 in respect of each uncompleted Milestone(s) where UNILIFE has commenced work or committed itself such that it has incurred its own irrecoverable liability. The pro rata payment shall be fairly determined taking into consideration the amount of work or resources committed including an assessment of the number of man hours worked or set aside for the Industrialisation and any stranded costs of UNILIFE.
6.4 If for technical or scientific reasons associated to the Industrialisation described in Exhibit 2 UNILIFE concludes that it cannot technically or scientifically or in any other way perform the Industrialisation and is desirous to terminate this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; Parties shall meet and discuss the Supplier challenges difficulties and scientific and technical hurdles in an attempt to resolve such problems and negotiate in good faith the validity of any registrations of any Intellectual Property Rights terms and conditions of the Catapult; and/or modifications to be made to the Industrialisation when possible or, as the case may be, terminate the Industrialisation and this Agreement. In such a case of termination, SWIND shall pay UNILIFE in full for all the reasonable opinion completed Milestones of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior Industrialisation performed up to the date of termination (whether and a pro rata payment in respect of any uncompleted Milestone in accordance with Article 6.3.
6.5 In the event that this Agreement is terminated by SWIND pursuant to Article 6.2.1, 6.2.2 or not complete); 7.2 or by either Party pursuant to Article 6.4 then, save for each Parties’ ongoing obligations pursuant to those Articles identified as surviving termination or expiry of this Agreement, neither Party shall incur any future liability towards the Supplier shall return other party other than the payment by SWIND to UNILIFE in respect of Industrialisation performed up to and including the Catapult, promptly day of such termination including for all completed Milestones and in accordance with Article 6.3. UNILIFE will, on receipt of full payment of all sums due to UNILIFE under this Agreement, transfer all work noted as deliverable to SWIND for all completed Milestones covered by such payments. Such payment shall not occur in case of any gross negligence or wilful misconduct of UNILIFE in performance of its obligations.
6.6 In the Catapult’s instructionsevent UNILIFE can and does mitigate its loss under the termination of this Agreement, all Confidential Information of the Catapult and all In-put Material any savings made by UNILIFE shall be passed to SWIND in the Supplier’s possession or control as at form of a refund save that no refund shall exceed the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred total sums received by the Supplier in providing such assistance. If the Catapult terminates UNILIFE from SWIND under this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination Article.
6.7 Termination of this Agreement for any reason, whatever reason shall not affect the accrued rights or remedies of either party existing as at the date of such expiry UNILIFE or termination. Notwithstanding expiry SWIND arising under or termination out of this Agreement, Agreement and all provisions which are expressed to survive this Agreement and the provisions of Clauses 1, Articles 8, 109, 1111 and 15 (Confidentiality, 12Intellectual Property, 13Liability — Indemnities, 14, 15, 17, 18 Applicable law and 20 to 31 (inclusiveJurisdiction) shall continue survive termination or expiry and remain in full force and effect. Article 5 shall survive expiry (but not termination) of this Agreement until execution of a Supply Agreement, if any.
6.8 Subject to Articles 6.7 and 6.9 of this Agreement, termination of this Agreement for whatever reason (except for termination by SWIND pursuant to Article 6.2.1 and the expiry of this Agreement) will automatically terminate the Exclusive Agreement.
6.9 If this Agreement is terminated by either party pursuant to Article 6.4 or by SWIND pursuant to Article 6.2.2 the Parties will, at SWIND’s request, negotiate in good faith how and on what terms any of SWIND’s rights under the Exclusive Agreement may continue after the termination of this Agreement.
Appears in 2 contracts
Sources: Confidentiality Agreement (Unilife Corp), Confidentiality Agreement (Unilife Corp)
Term and Termination. (a) This Master Agreement shall come into force commence on the Commencement Effective Date and shall continue in full force and effecthave an initial term of three (3) years (the “Initial Term”), unless earlier terminated earlier as provided herein. The Initial Term will be automatically renewed for additional one (1) year terms (“Subsequent Term(s)”). The Initial Term and any Subsequent Terms shall be referred to collectively as the “Term”.
(b) After the Initial Term, VERADERMICS may terminate this Master Agreement for any reason upon [***] prior written notice to THERAPEUTICS.
(c) Either Party may terminate any Work Order and this Master Agreement as it applies to such Work Order, upon written notice to the other Party, if the other Party materially breaches such Work Order and this Master Agreement as it applies to such Work Order. Both Parties agree to allow the breaching Party a reasonable time, but not more than [***], to use reasonable efforts to correct such a breach (other than a breach of payment obligations, as to which this sentence and the next sentence do not apply) and provide reasonably satisfactory evidence of corrective actions in a timely manner. Failure to cure such a breach within such [***] period shall entitle the nonbreaching Party to terminate the applicable Work Order and this Master Agreement as it applies to such Work Order, immediately by written notice to the breaching Party. In case of any breach in a payment obligation under a Work Order, the non-breaching Party shall be entitled to terminate that Work Order and this Master Agreement as it applies to such Work Order, effective upon the expiration of [***] days after notice of such breach from the non-breaching Party to the breaching Party, if the breaching Party fails to cure the breach of such payment obligation within such [***] day period.
(d) VERADERMICS may terminate any Work Order for any reason upon [***] prior written notice to THERAPEUTICS, subject to Section 3(h) and subject to the provisions of Section 3 and subsections 3.a and 3.b of the Collaboration Agreement of substantially even date herewith between the Parties.
(e) If either Party believes termination of any Work Order is necessary to protect the safety or welfare of the Study subjects, then such Party shall have the right to terminate the applicable Work Order upon written notice to the other Party; provided, however, that after receipt of such notice of termination, the Parties shall commence any wind-down activities for any on-going Study for which the Parties have any responsibility hereunder in which any Study subject dosing has commenced. VERADERMICS shall be responsible for any costs associated with such winddown activities.
(f) In the event of termination of this Master Agreement or any Work Order, VERADERMICS and THERAPEUTICS agree to discuss, cooperate and coordinate termination of activities being conducted by THERAPEUTICS. As soon as reasonably possible after receipt of any written termination notice by either Party, THERAPEUTICS will use commercially reasonable efforts to stop initiation of any tasks or activities not yet started as of the date of termination notice, whether to be conducted by THERAPEUTICS or a third party, unless another plan of termination is agreed to by both Parties. However, both Parties acknowledge non-cancelable costs may exist and will require payment as detailed in Section 3(h). In all cases of termination, a reasonable plan of action for cessation of activities will be agreed to by both Parties (such agreement not to be unreasonably conditioned, delayed or withheld) in order to ensure an orderly cessation of on-going tasks and activities and in order to protect the safety and rights of patients, as well as to facilitate compliance with the legal responsibilities of all Parties involved according to applicable local, federal and/or state laws, regulations and ordinances. THERAPEUTICS will use commercially reasonable efforts to terminate all Work Order associated tasks according to the plan so agreed to by both Parties.
(g) Upon termination of this Master Agreement or any Work Order, THERAPEUTICS will, at VERADERMICS’s written request, promptly provide VERADERMICS with a copy of all records relating to Project performance and all periodic reports and/or patient records, maintaining confidentiality.
(h) Should VERADERMICS choose to terminate a Work Order prior to completion for any reason other than THERAPEUTICS’ material breach of this Master Agreement or any Work Order or THERAPEUTICS’ insolvency or bankruptcy, VERADERMICS agrees to pay THERAPEUTICS:
(i) all reasonable direct fees, including monthly fees for project management, medical monitoring, transfer of records or similar fees earned hereunder for Services performed up to the effective date of termination in accordance with the provisions of this Agreement, until Completion, when this Agreement shall automatically expire (the “Term”). Either party may terminate this Agreement forthwith by giving the other party written notice of immediate termination if the other party: commits a material breach of this Agreement and such breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and fails to remedy that breach within thirty (30) days of being given written notice specifying the breach and requiring its remedy; becomes insolvent or suspends, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due within the meaning of section 123 terms of the Insolvency Act 1986; commences negotiations with Work Order being terminated;
(ii) all or any class of its creditors with a view to rescheduling any of its debtsnon-cancelable costs for third party contracted Services and other expenses, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the purpose of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filedincluding THERAPEUTICS’s related administrative fees, notice is given, resolution is passed, or order made, for or incurred in connection with the winding up of that party; has an application made to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); the other party ceases, or threatens to cease, carrying on its business. The Catapult shall also be entitled to terminate this Agreement at any time and for any reason by giving no less than thirty (30) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior Work Order being terminated to the date of termination; and/or and
(iii) a separate termination fee equal to [***]% of the remaining Work Order budget.
(i) (i) In the event a Work Order is terminated by VERADERMICS before conclusion by reason of any uncured material breach by THERAPEUTICS pursuant to Section 3(c) above, any third party passthrough costs associated with terminating the Work Order, e.g. laboratory costs, etc. will be:
(i) borne by THERAPEUTICS if attributable to THERAPEUTICS’s material breach of its obligations under the Master Agreement or Work Order and previously paid to THERAPEUTICS;
(ii) which the Supplier has committed borne by VERADERMICS if not previously paid to pay THERAPEUTICS; or
(iii) borne by and as between VERADERMICS and THERAPEUTICS as they agree (such agreement not to a third party in connection with the provision be unreasonably conditioned, delayed or withheld) if neither of the Services under a binding agreement entered into prior to the date of notice of termination having been given above (provided that the Supplier uses reasonable efforts to minimise such sums payablei) (i) and (i)(ii) applies.
(j) Sections 3(f, g, h, and i). Expiry or termination of this Agreement for any reason, shall not affect the accrued rights or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement5(b), the provisions of Clauses 16, 7, 8, 10, 11, 12, 13, 14, 15, 1716(c), 18 24, 25 and 20 27 shall survive any expiration or termination of this Master Agreement to 31 (inclusive) shall continue the extent of the terms detailed in full force and effecteach respective Section.
Appears in 2 contracts
Sources: Master Service Agreement (Veradermics, Inc), Master Service Agreement (Veradermics, Inc)
Term and Termination. This (a) The term of this Agreement shall come into force commence on the Commencement Effective Date and shall continue in full force and effect, effect unless and until terminated earlier in accordance with the provisions terms of this Agreement, until Completion, when this Agreement shall automatically expire .
(the “Term”). b) Either party may terminate this Agreement forthwith by giving or a S of Work:
(i) If the other party written notice of immediate termination if the other party: commits a material breach of this Agreement and or such breach is not capable Statement of remedy; commits a material breach of this Agreement which is capable of remedy Work and fails to remedy that cure such breach within thirty (30) days of being given receiving written notice specifying of the breach and requiring its remedyintention to terminate; or
(ii) Immediately upon written notice, if any of the following circumstances occurs: (i) if the other party becomes insolvent or suspends, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due within in the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all or any class ordinary course of its creditors with business; (ii) if a view to rescheduling any of its debts, voluntary petition under applicable bankruptcy or makes other insolvency law is filed by the other party; (iii) if a proposal for or enters into any compromise or arrangement with its creditors other than receiver is appointed for the purpose business affairs of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); the other party ceasesmakes an assignment for the benefit of creditors; (iv) if any bankruptcy, reorganisation, debt arrangement or threatens to cease, carrying on its business. The Catapult other proceeding under any bankruptcy or other insolvency law is instituted against the other party which is not dismissed within sixty (60) days thereafter; or (v) if the other party liquidates or ceases doing business as a going concern.
(c) Mavenir shall also be entitled to terminate this Agreement have the right at any time and for any reason by giving no less than thirty (30) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving upon written notice of immediate termination to Company. In the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and Company shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as have a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance right to any third party as the Catapult reasonably requests or requires unpaid fees relating to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to performed through the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior , subject to the date submission of notice of an invoice in accordance with Section 5 above.
(d) Except as expressly set forth herein, termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination expiration of this Agreement for any reason, shall not affect serve to terminate or cancel any of the accrued respective rights or remedies and obligations of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination parties which arose hereunder during the term of this AgreementAgreement and which by these terms must remain valid and enforceable to give effect to their meaning, the including, without limitation, any warranty, indemnification, liability and confidentiality provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effecthereof.
Appears in 2 contracts
Sources: Services Agreement, Services Agreement
Term and Termination. 16.1 This Agreement shall come into force shall, unless otherwise terminated as provided in this clause 16, commence on the Commencement Start Date and shall continue through the Initial Term and thereafter, this Agreement shall be automatically renewed for successive rolling periods of twelve (12) months (or such other term as agreed by the parties) (each a Renewal Term), unless: (a) either party notifies the other party of termination, in full force and effectwriting, unless at least sixty (60) days before the end of the Initial Term or sixty (60) days before the end of any Renewal Term (except where the Initial Term or Renewal Term (as applicable)) is less than sixty (60) days in duration, in which case at least thirty (30) days’ notice before the end of the applicable Initial Term or Renewal Term will be required), in which case this Agreement shall terminate upon the expiry of the applicable Initial or Renewal Term; or (b) otherwise terminated earlier in accordance with the provisions of this Agreement, until Completion, when this Agreement .
16.2 The Initial Term together with any subsequent Renewal Terms shall automatically expire (constitute “the “Term”). Either .
16.3 Without affecting any other rights that it may be entitled to, either party may terminate this Agreement forthwith by giving without liability to the other if: (a) the other party written notice of immediate termination if the other party: commits a material breach of any of the terms of this Agreement and (if such a breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and remediable) fails to remedy that breach within thirty (30) days of that party being given written notice specifying the breach and requiring its remedy; becomes insolvent or suspends, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due within the meaning of section 123 notified in writing of the Insolvency Act 1986breach; commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors (b) the other than for the purpose of a scheme for a solvent amalgamation or reconstruction of that party; party has a petition filed, notice is given, resolution is passed, receiver or order made, for administrative receiver appointed over it or in connection with the winding up of that party; has an application made to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or over any part of its business or assets; givesassets or passes a resolution for winding up (except for the purposes of a genuine scheme of solvent amalgamation or reconstruction) or a court of competent jurisdiction makes an order to that effect, or the holder of a qualifying floating charge over the assets of that party gives, notice of becomes subject to an intention to appoint an administrative receiver; has a liquidator, receiver, administrator administration order or administrative receiver appointed over the assets or in respect of enters into any part of that party’s business or assets; any event occursvoluntary arrangement with its creditors, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); the other party ceases, ceases or threatens to ceasecease or carry on business; or (c) there is a change in law or legislation in a territory the Customer operates in which affects the way in which the Purchased Service operates or any such territory introduces any law that could require Element to build a ‘back door’ to any data Element stores or processes; or (d) Element believes that the Customer’s continued use of the Purchased Service is causing harm to individuals, carrying on its business. The Catapult shall also others or to Element’s reputation, business or goodwill.
16.4 Without affecting any other rights that it may be entitled to, Element may terminate the Agreement: (a) if payment of any invoiced amount (except to terminate this Agreement the extent such invoice is disputed in good faith) or Fee payable is overdue and following notification to the Customer, the Customer does not pay the overdue amount within seven days of a written notice from Element; (b) if the Customer breaches clause 6; (c) at any time and for any reason reason, by giving no less than thirty at least ninety (3090) days’ days prior written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION Customer.
16.5 On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason: (a) all licenses and access to the Purchased Service granted under this Agreement shall immediately terminate and the method of access supplied to the Customer will automatically expire and the Purchased Service will cease to operate immediately unless otherwise stated in the Documentation for the Customer’s Order Form or Subscription (as applicable); and (b) Element may destroy or otherwise dispose of any of the Data in its possession unless Element receives, shall not affect no later than seven (7) days after the accrued rights or remedies of either party existing as at the effective date of such expiry or termination. Notwithstanding expiry or the termination of this Agreement, a written request for the provisions delivery to the Customer of Clauses 1the then most recent back-up of the Data. This will be delivered to the Customer within thirty (30) days of its receipt of such a written request, 8provided that the Customer has, 10at that time, 11paid all Fees and charges outstanding at and resulting from termination (whether or not due at the date of termination). The Customer shall pay all reasonable expenses incurred by Element in returning or disposing of the Customer Data; and (c) the accrued rights of the parties as at termination, 12or the continuation after termination of any provision expressly stated to survive or implicitly surviving termination, 13shall not be affected or prejudiced.
16.6 If this Agreement is terminated prior to the end of the Initial Term or any Renewal Term, 14other than by the Customer for Element’s material breach under clause 16.3, 15, 17, 18 all fees payable up to the end of the Initial Term or any Renewal Term and 20 all other fees due and payable to 31 (inclusive) Element under this Agreement shall continue in full force be immediately due and effectpayable to Element.
Appears in 2 contracts
Sources: End User License Agreement, End User License Agreement
Term and Termination. 13.1 This Agreement agreement shall come into force commence on the Commencement Effective Date and shall continue in full force and effectand, unless terminated earlier as provided in accordance with the provisions this clause 13 or pursuant to any other terms of this Agreementagreement, until Completionshall continue for the Initial Subscription Term and any subsequent Renewal Period.
13.2 Without affecting any other right or remedy available to it, when this Agreement shall automatically expire (the “Term”). Either either party may terminate this Agreement forthwith agreement with immediate effect by giving written notice to the other party written notice of immediate termination if if:
(a) the other party: party fails to pay any amount due under this agreement on the due date for payment and remains in default not less than 30 days after being notified in writing to make such payment;
(b) the other party commits a material breach of any other term of this Agreement and agreement which breach is irremediable or (if such breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and remediable) fails to remedy that breach within thirty a period of 30 days after being notified in writing to do so;
(30c) days of being given written notice specifying the breach and requiring its remedy; becomes insolvent or other party suspends, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due or admits inability to pay its debts or is deemed unable to pay its debts within the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all or ;
(d) the other party makes any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or voluntary arrangement with its creditors other than or becomes subject to an administration order or serves notice of administration, or has a receiver, manager or administrative receiver appointed over its assets or shall have a winding-up order made against it or shall go into liquidation (except for the purpose purposes of a scheme for a solvent amalgamation or reconstruction of and in such manner that partythe resulting company effectively agrees to be bound by or assume the obligations imposed on the predecessor company under this Agreement); has a petition filed, notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to or
(e) the other party in any jurisdiction to which it is subject that has an effect equivalent suspends or similar to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); the other party ceases, or threatens to suspend or cease, carrying on all or a substantial part of its business. The Catapult shall also be entitled to terminate .
13.3 On termination of this Agreement at any time and agreement for any reason by giving no less than thirty reason:
(30a) days’ written notice to the Supplier. The Catapult all licences granted under this agreement shall also be entitled to immediately terminate this Agreement by giving written notice of immediate termination to the Supplierand, if: in any 12 (twelve) month period during the Termunless otherwise agreed, the Supplier commits two Customer shall cease to access and use the Services;
(2b) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of Customer shall have no further right to access and use any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier Materials and shall promptly destroy any copies of the same;
(c) each party shall return and make no further use of any equipment, property, Documentation and other items (and all copies of them) belonging to perform the Services. CONSEQUENCES OF TERMINATION On expiry other party;
(d) the Supplier may destroy or otherwise dispose of any of the Customer Data in its possession unless the Supplier receives, no later than ten days after the effective date of the termination of this Agreement: agreement, a written request for the delivery to the Customer of the then most recent back-up of the Customer Data. The Supplier shall immediately cease all further performance of use reasonable commercial endeavours to deliver the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services back-up to the Catapult; Customer within 30 days of its receipt of such a written request, provided that the Supplier shall immediately cease Customer has, at that time, paid all use of the Intellectual Property Rights relating to the Services fees and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of charges outstanding at and resulting from termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as due at the date of such termination (including termination). The Customer shall pay all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually expenses incurred by the Supplier in providing such assistance. If returning or disposing of Customer Data;
(e) any rights, remedies, obligations or liabilities of the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) parties that have been incurred by the Supplier prior accrued up to the date of termination; and/or (ii) which , including the Supplier has committed right to pay to a third party claim damages in connection with the provision respect of any breach of the Services under a binding agreement entered into prior to which existed at or before the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason, shall not affect the accrued rights be affected or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreementprejudiced; and
(f) clauses 8, the provisions of Clauses 1, 89, 10, 11, 12, 13, 14, 15, 17, 18 23, and 20 to 31 (inclusive) 24 shall continue in full force and effectsurvive termination or expiry of this agreement.
Appears in 2 contracts
Sources: Software as a Service Agreement, Software as a Service Agreement
Term and Termination.
7.1 This Agreement may be terminated at any time by 60 days notice from either party to this Agreement, except that the terms of this Agreement shall come into force on the Commencement Date and shall continue remain in full force and effecteffect whilst any Deposits remain outstanding.
7.2 The Agent may at any time by written notice to the Third Party Deposit Provider, unless terminated earlier in accordance with the provisions of this Agreement, until Completion, when this Agreement shall automatically expire (the “Term”). Either party may immediately terminate this Agreement forthwith by giving if any of the other party written notice of immediate termination if following events shall occur:
(a) the other party: commits a material Third Party Deposit Provider is in breach of any of the representations and warranties set out in Clause 8; or
(b) any event occurs which will or would, in the reasonable opinion of the Agent, cause the Third Party Deposit Provider to be required to withhold or deduct at source for or on account of Taxation in respect of interest payable under this Agreement and such breach is not capable of remedyAgreement; commits a material breach of this Agreement which is capable of remedy and fails to remedy that breach within thirty or
(30c) days of being given written notice specifying the breach and requiring its remedy; becomes insolvent or suspends, Third Party Deposit Provider ceases or threatens to suspend, payment of its debts cease to carry on business or is unable to pay its debts as they fall due within the meaning of section 123 of the Insolvency Act 1986when due; commences negotiations with all or
(d) an order is made or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other an effective resolution is passed (otherwise than for the purpose purposes of or pursuant to a scheme reconstruction or amalgamation) for a solvent amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made to court, the Third Party Deposit Provider or an order made, is made for the appointment of an administratoradministrator or receiver to the Third Party Deposit Provider or any analogous event occurs or any analogous action is taken under any law by which the Third Party Deposit Provider or any of its assets is bound or affected; or
(e) the Third Party Deposit Provider fails to perform any of its obligations under this Agreement and such failure remains unremedied at the expiry of the third Business Day specified in the notice served pursuant to this Clause 7.2, or has provided that the notice given shall have specified the failure in question and the action required to remedy it. For the avoidance of intention doubt, the termination of this Agreement pursuant to appoint an administrator, this Clause 7.2 shall not terminate any outstanding Deposit and the terms of this Agreement shall remain in full force and effect in respect of that party or any part each such Deposit until the maturity date of its business or assets; gives, or each such Deposit.
7.3 Any termination of this Agreement shall be without prejudice to the holder accrued rights of a qualifying floating charge over each of the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or parties hereto in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar to antecedent breach by any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); other parties hereto of any of the other party ceases, or threatens to cease, carrying on its business. The Catapult shall also be entitled to terminate this Agreement at any time and for any reason by giving no less than thirty (30) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches provisions of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason, shall not affect the accrued rights or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effect.
Appears in 1 contract
Sources: Cash Management Agreement
Term and Termination. 15.1 This Appliance Agreement shall come into force shall, unless otherwise terminated as provided in this clause 15, commence on the Commencement Effective Date and shall continue for the Initial Subscription Term and, thereafter, this Appliance Agreement shall be automatically renewed for successive periods of 12 months (each a Renewal Period), unless:
15.1.1 either party notifies the other party of termination, in full force and effectwriting, unless at least 60 days before the end of the Initial Subscription Term or any Renewal Period, in which case this Appliance Agreement shall terminate upon the expiry of the applicable Initial Subscription Term or Renewal Period; or
15.1.2 otherwise terminated earlier in accordance with the provisions of this Appliance Agreement.
15.2 We may terminate this Appliance Agreement immediately by written notice to you if:
15.2.1 you commit a material or persistent breach of this Appliance Agreement which you fail to remedy (if remediable) within 14 days after the service of written notice requiring you to do so. In such circumstances, until Completionwe shall retain the Charges and fees paid in relation to the Subscription Term; or
15.2.2 you fail to pay any amount due under this Appliance Agreement on the due date for payment and remains in default not less than 14 days after being notified in writing to make such payment, when this Agreement in such circumstances, we shall automatically expire (retain the “Fees paid in relation to the Subscription Term”). Either
15.3 Without affecting any other right or remedy available to it, either party may terminate this Appliance Agreement forthwith with immediate effect by giving written notice to the other party written notice of immediate termination if if:
15.3.1 the other party: commits a material breach of this Agreement and such breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and fails to remedy that breach within thirty (30) days of being given written notice specifying the breach and requiring its remedy; becomes insolvent or party suspends, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due or admits inability to pay its debts or is deemed unable to pay its debts within the meaning of section 123 of the Insolvency Act 1986; ▇▇▇ ▇▇▇▇;
15.3.2 the other party commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the sole purpose of a scheme for a solvent amalgamation of that other party with one or more other companies or the solvent reconstruction of that other party; has ;
15.3.3 a petition is filed, a notice is given, a resolution is passed, or an order is made, for or in connection with the winding up of that other party other than for the sole purpose of a scheme for a solvent amalgamation of that other party with one or more other companies or the solvent reconstruction of that other party; has ;
15.3.4 an application is made to court, or an order is made, for the appointment of an administrator, or has if a notice given of intention to appoint an administratoradministrator is given or if an administrator is appointed, in respect of that party or any part of its business or assets; gives, or over the other party;
15.3.5 the holder of a qualifying floating charge over the assets of that other party gives, notice of an intention has become entitled to appoint or has appointed an administrative receiver; has ;
15.3.6 a liquidator, receiver, administrator person becomes entitled to appoint a receiver over the assets of the other party or administrative a receiver is appointed over the assets of the other party;
15.3.7 a creditor or in respect encumbrancer of the other party attaches or takes possession of, or a distress, execution, sequestration or other such process is levied or enforced on or sued against, the whole or any part of that the other party’s business 's assets and such attachment or assets; process is not discharged within 14 days;
15.3.8 any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar to any of the events mentioned in Clauses 19.2.3 clause 15.3.1 to 19.2.8 clause 15.3.7 (inclusive); or
15.3.9 the other party suspends or ceases, or threatens to suspend or cease, carrying on all or a substantial part of its business. The Catapult shall also be entitled to terminate this Agreement at any time and for any reason by giving no less than thirty (30) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches .
15.4 Any provision of this Agreement, whether Appliance Agreement that expressly or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or by implication is intended to come into or continue in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect force on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On or after termination or expiry or termination of this Agreement: the Supplier Appliance Agreement shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason, shall not affect the accrued rights or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue remain in full force and effect.
15.5 Termination or expiry of this Appliance Agreement shall not affect any rights, remedies, obligations or liabilities of the parties that have accrued up to the date of termination or expiry, including the right to claim damages in respect of any breach of the Appliance Agreement which existed at or before the date of termination or expiry.
15.6 Upon termination for any reason:
15.6.1 all rights granted to you under this Appliance Agreement shall cease;
15.6.2 you must cease all activities authorised by this Appliance Agreement;
15.6.3 you must immediately delete or remove the Software from all computer equipment in your possession and immediately destroy or return to us (at our option) all copies of the Software then in your possession, custody or control and, in the case of destruction, certify to us that you have done so; and
15.6.4 we shall immediately stop processing all new emails and prevent access to the Services
15.7 Upon termination of this Appliance Agreement, we are able to provide you with a read only annual licence to access your email archive environment. This licence would enable you to read, search and export data out of the environment. There is a Read Only Archive Fee for this facility as set out in the Order Form.
Appears in 1 contract
Sources: Appliance Agreement
Term and Termination. This Agreement shall come into force on the Commencement Date and shall continue (a) Unless earlier terminated as provided in full force and effectthis Section 4, unless terminated earlier in accordance with the provisions of this Agreement, until Completion, when this Agreement shall automatically expire continue until December 31, 1999 and shall be deemed renewed for additional one (the “Term”). Either 1) year terms thereafter, unless either party may terminate this Agreement forthwith by giving shall give the other party written notice of immediate termination if cancellation at least six (6) months prior to the other party: commits expiration of the original or any additional term.
(b) Upon the occurrence of a material breach or default as to any obligation hereunder by either party and the failure of the breaching party to promptly cure such material breach or default, after receiving written notice thereof from the non-breaching party, this Agreement may be terminated by the non-breaching party by giving written notice of termination to the breaching party, such termination being immediately effective upon the giving of such notice of termination.
(c) Upon the filing of a petition in bankruptcy, insolvency or reorganization against or by either party, or either party becoming subject to a composition for creditors, whether by law or agreement, or either party going into receivership or otherwise becoming insolvent (such party hereinafter referred to as the "insolvent party"), this Agreement may be terminated by the other party by giving written notice of termination to the insolvent party, such termination being immediately effective upon the giving of such notice of termination.
(d) Upon the occurrence of a change in control or management or operating personnel of either party (the "Changed Party"), which has, or in the reasonable opinion of JAVELIN could have, a material adverse effect on the business, prospects or operations of such Changed Party, this Agreement may be terminated by JAVELIN by giving written notice of termination to RIVA, such termination being immediately effective upon the giving of such notice of termination.
(e) In the event of a termination pursuant to any of subsections (b), (c) or (d) above or upon expiration of this Agreement pursuant to subsection (a) above, neither party shall have any obligation to the other party or to any employee of the other party for compensation or for damages of any kind, whether on account of the loss by either party or such employee of present or prospective sales, investments, compensation or goodwill. Each party, for itself and such breach is on behalf of each of their respective employees, hereby waives any rights which may be granted to it or them under the laws and regulations of the Territory or otherwise which are not capable granted to it or them by this Agreement. Each party hereby indemnifies and holds the other party harmless from and against any and all claims, costs, damages and liabilities whatsoever asserted by any employee, agent or representative of remedy; commits a material breach the other party under any applicable termination, labor, social security or other similar laws or regulations.
(f) Termination of this Agreement shall not affect the obligation of RIVA to pay JAVELIN all amounts owing or to become owing as a result of Products tendered or delivered to RIVA on or before the date of such termination, as well as interest thereon to the extent any such amounts are paid after the date they became due pursuant to this Agreement.
(g) Within thirty (30) days after any termination or expiration of this Agreement, RIVA shall elect in writing either to: (i) to sell off its remaining inventory of Products; provided, however, that RIVA shall comply with all terms and conditions of this Agreement restricting such reselling activities in effect immediately prior to such termination or expiration; or (ii) cause JAVELIN to repurchase RIVA's inventory of Products which is capable are salable and in the original packages and unaltered from their original form and design, subject to JAVELIN's inspection, test, and acceptance.
(h) Any repurchase of remedy and fails RIVA's inventory of Products pursuant to remedy that breach subsection (g) of this Section 4 shall be at the price such Products were originally sold to RIVA, less a ten percent (10%) percent handling charge. Repurchased inventory shall be shipped by RIVA, freight prepaid, according to JAVELIN's instructions. JAVELIN shall pay RIVA for such repurchased Products within thirty (30) days of being given written notice specifying the breach and requiring its remedy; becomes insolvent or suspends, or threatens to suspend, payment after JAVELIN receives such Products in one of its debts or is unable to pay its debts as they fall due within the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the purpose of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution is passed, or order made, for or facilities.
(i) Notwithstanding anything contained in connection with the winding up of that party; has an application made to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect this Agreement to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); the other party ceases, or threatens to cease, carrying on its business. The Catapult shall also be entitled to terminate this Agreement at any time and for any reason by giving no less than thirty (30) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Termcontrary, the Supplier commits two parties agree that Section 2.1(c) (2Non-Compete), Section 2.7 (Indemnification), Section 5 (Warranties), Section 6 (Confidentiality), Section 8.8 (Governing Law), Section 8.10 (Arbitration) and Section 8.12 (Security Interest) shall survive the termination or more breaches expiration of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse , to the Supplier extent required thereby for the reasonable costs actually incurred full observation and performance by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier any or all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason, shall not affect the accrued rights or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effectparties hereto.
Appears in 1 contract
Sources: Exclusive Distribution Agreement (Javelin Systems Inc)
Term and Termination. 14.1 This Agreement shall come into force shall, unless otherwise terminated as provided in this clause 14, commence on the Commencement Effective Date and shall continue for the initial Subscription Period and, thereafter, this Agreement shall be automatically renewed for successive Subscription Periods, unless:
14.1.1 either party notifies the other party of termination, in full force and effectwriting, unless at least 7 days before the end of the current Subscription Period, in which case this Agreement shall terminate upon the expiry of the current Subscription Period; or
14.1.2 otherwise terminated earlier in accordance with the provisions of this Agreement, until Completion, when this Agreement ; and the Subscription Periods together shall automatically expire (constitute the “Subscription Term”). Either party .
14.2 Without affecting any other right or remedy available to it, the Supplier may terminate this Agreement forthwith with immediate effect by giving the other party written notice of immediate termination if to the other party: Client if:
14.2.1 the Client fails to pay any amount due under this Agreement on the due date for payment and remains in default not less than 14 days after being notified in writing to make such payment;
14.2.2 the Client commits a material breach of this Agreement and such breach is not capable of remedy; commits a material breach any other term of this Agreement which breach is capable of remedy and irremediable or (if such breach is remediable) fails to remedy that breach within thirty (30) a period of 14 days after being notified in writing to do so;
14.2.3 the Client repeatedly breaches any of being given written notice specifying the breach and requiring terms of this Agreement in such a manner as to reasonably justify the opinion that its remedy; becomes insolvent conduct is inconsistent with it having the intention or ability to give effect to the terms of this Agreement;
14.2.4 the Client suspends, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due or admits inability to pay its debts or is deemed unable to pay its debts within the meaning of section 123 of the Insolvency Act 1986; ;
14.2.5 the Client commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the sole purpose of a scheme for a solvent amalgamation of that other party with one or more other companies or the solvent reconstruction of that other party; has ;
14.2.6 a petition is filed, a notice is given, a resolution is passed, or an order is made, for or in connection with the winding up of that party; has the Client other than for the sole purpose of a scheme for a solvent amalgamation of the Client with one or more other companies or the solvent reconstruction of the Client;
14.2.7 an application is made to court, or an order is made, for the appointment of an administrator, or has if a notice given of intention to appoint an administratoradministrator is given or if an administrator is appointed, in respect of that party or any part of its business or assets; gives, or over the Client;
14.2.8 the holder of a qualifying floating charge over the assets of that party gives, notice of an intention the Client has become entitled to appoint or has appointed an administrative receiver; has ;
14.2.9 a liquidator, receiver, administrator person becomes entitled to appoint a receiver over the assets of the Client or administrative a receiver is appointed over the assets of the Client;
14.2.10 a creditor or in respect encumbrancer of the Client attaches or takes possession of, or a distress, execution, sequestration or other such process is levied or enforced on or sued against, the whole or any part of that party’s business the Client's assets and such attachment or assets; process is not discharged within 14 days;
14.2.11 any event occurs, or proceeding is taken, with respect to the other party Client in any jurisdiction to which it is subject that has an effect equivalent or similar to any of the events mentioned in Clauses 19.2.3 clause 14.2.4 to 19.2.8 clause 14.2.10 (inclusive); ;
14.2.12 the other party Client suspends or ceases, or threatens to suspend or cease, carrying on all or a substantial part of its business. The Catapult shall also be entitled to terminate this Agreement at any time and for any reason by giving no less than thirty (30) days’ written notice to ; or
14.2.13 there is a change of control of the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice Client.
14.3 To ensure the continued availability of immediate termination to the Supplier, if: in any 12 (twelve) month period during the TermPortal, the Supplier commits two (2) licence to use the Portal shall continue for the initial Licensing Period, and, thereafter, shall continue to automatically renew for successive Portal Licensing Periods until termination or more breaches expiry of this the Agreement, whether or not it remedies those breaches; in which case the provisions of Clause 15.2 apply; licence to use the Supplier challenges the validity of any registrations of any Intellectual Property Rights Portal shall be limited as set forth in clause 14.4.3 an shall cease to renew after expiry of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION current Portal Licensing Period.
14.4 On expiry or termination of this Agreement: the Supplier Agreement for any reason:
14.4.1 subject to clause 14.4.3, all licences granted under this Agreement shall immediately cease all further performance of terminate and the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier Client shall immediately cease all use of the Intellectual Property Rights relating Services and/or the Documentation;
14.4.2 each party shall return and make no further use of any equipment, property, Documentation and other items (and all copies of them) belonging to the Services and other party;
14.4.3 for the Deliverables in any way; remainder of the current Portal Licensing Period the Client will not be able to independently access the Portal, but where the Client requests a copy of the Client Data, the Supplier shall promptly provide use reasonable commercial endeavours to deliver Client Data to the Catapult Client within 30 days of its receipt of such a written request, and provided it has received appropriate authorisation from its Authorised Users to disclose their personal data and that it has paid all Deliverables developed or created prior to the date of fees and charges outstanding at and resulting from termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as due at the date of such termination (including all copies termination). On expiry of the same)current Portal Licensing Period, and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver may endeavour to retain Client Data but reserves the Catapult all materials charged right to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer dispose of the Services (Client Data without notice or part liability;
14.4.4 any rights, remedies, obligations or liabilities of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) parties that have been incurred by the Supplier prior accrued up to the date of termination; and/or (ii) which , including the Supplier has committed right to pay to a third party claim damages in connection with the provision respect of any breach of the Services under a binding agreement entered into prior to Agreement which existed at or before the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason, shall not affect the accrued rights be affected or remedies of either party existing as at the date of such expiry prejudiced; and
14.4.5 any clauses which are intended to come into force on, or termination. Notwithstanding expiry or survive, termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue remain in full force and effect.
Appears in 1 contract
Sources: Saas Agreement
Term and Termination. This 11.1. The term of this Agreement shall come into force on commence when this Agreement is signed by both Parties (the Commencement Date and “Effective Date”) and, unless terminated as provided in this Section 11, shall continue in full force and effecteffect thereafter.
11.2. Without derogating from the Parties' rights hereunder or by law to any other or additional remedy or relief, unless terminated earlier it is agreed that either Party may terminate this Agreement and the License hereunder by serving a written notice to that effect on the other upon or after:
11.2.1. the commitment of a material breach hereof by the other Party, which material breach cannot be cured or, if curable, which has not been cured by the Party in accordance with breach within thirty (thirty) days after receipt of a written notice from the provisions other Party in respect of such breach, or
11.2.2. the granting of a winding-up order in respect of the other Party, or upon an order being granted against the other Party for the appointment of a receiver, or if such other Party passes a resolution for its voluntary winding-up, or if a temporary or permanent liquidator or receiver is appointed in respect of such other party, or if a temporary or permanent attachment order is granted on such other party's assets, or a substantial portion thereof, or if such other Party shall seek protection under any laws or regulations, the effect of which is to suspend or impair the rights of any or all of its creditors, or to impose a moratorium on such creditors; provided that in the case that any such order or act is initiated by any third party, the right of termination shall apply only if such order or act as aforesaid is not cancelled within 60 (sixty) days
11.3. Upon the termination of this Agreement by Mircod pursuant to Section 11.2, the License granted to ORGS under Section 4.1 shall terminate. , it being undertoof however, that Mircod shall not be entitled to make use of the Project Results and/or Resulting Patents, without prior consent of ORGS.
11.4. Neither expiration of this Agreement, until Completion, when this Agreement shall automatically expire (the “Term”). Either party may terminate this Agreement forthwith by giving the other party written notice of immediate termination if the other party: commits a material breach of this Agreement and such breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and fails to remedy that breach within thirty (30) days of being given written notice specifying the breach and requiring its remedy; becomes insolvent or suspends, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due within the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the purpose of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); the other party ceases, or threatens to cease, carrying on its business. The Catapult shall also be entitled to terminate this Agreement at any time and for any reason by giving no less than thirty (30) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or nor termination of this Agreement for any reason, shall not affect relieve the accrued Parties of any obligation accruing prior thereto and shall be without prejudice to the rights or and remedies of either party existing as at Party with respect to any antecedent breach of the date provisions of such expiry or terminationthis Agreement.
11.5. Notwithstanding expiry Without limiting the generality of the foregoing, no expiration or termination of this Agreement, whether by lapse of time or otherwise, shall serve to terminate the provisions obligations of Clauses the Parties hereto under Sections 1, 3, 8, 10, 1111.3 through 11.5, 12, 13, 14, 15, 17, 18 13 and 20 to 31 (inclusive) 14 shall continue in full force and effectsurvive any such expiration or termination.
Appears in 1 contract
Sources: Collaboration and License Agreement (Orgenesis Inc.)
Term and Termination. 13.1 This Agreement shall come into force commence on the Commencement Effective Date and shall continue in full force and effectand, unless terminated earlier sooner, in accordance with the provisions terms hereof, shall remain in force as long as any Patent contains a Valid Claim in any part of this Agreementthe Licensed Territory.
13.2 In the event either party shall be in default in the performance of any of its material obligations hereunder, until Completionincluding, when this Agreement shall automatically expire but not limited to, breach of representation or warranty, and if the default has not been remedied within ninety (90) days following the “Term”). Either date of receipt of a notice in writing from the other party specifying such default and its claim of a right to terminate, the other party may terminate this Agreement forthwith by giving written notice to the defaulting party in addition to any other remedies available to it by law or equity. It is understood that termination pursuant to this section 13.2 shall be a remedy of last resort, and the arbitrators may enter an award terminating only where the default of either party cannot be reasonably remedied by the payment of money damages.
13.3 Either party shall have the right to terminate this Agreement with immediate effect if the other party written notice of immediate termination if the other party: commits a material breach of this Agreement and such breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and fails to remedy that breach within thirty (30) days of being given written notice specifying the breach and requiring its remedy; becomes insolvent should enter into liquidation, either voluntary or suspendscompulsory, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due within the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all or any class of its creditors with a view to rescheduling any of its debtsbecome insolvent, or makes a proposal institutes any proceedings for or enters into any compromise or arrangement with its creditors other than for the purpose of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made to courtits business, or an order made, for if execution be levied on any goods and effects of the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; givesother party, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent should enter into receivership or similar to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); the other party ceases, or threatens to cease, carrying on its business. The Catapult shall also be entitled to bankruptcy.
13.4 York may voluntarily terminate this Agreement Agreement, without cause, at any time and for any reason by giving no less than thirty on ninety (3090) days’ days written notice to notice. Termination will take effect immediately at the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights end of the Catapult; and/or in notice period.
13.5 Upon the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reasonreason York shall make no further use of the Assets or derivatives therefrom. York shall discontinue to use and exploit the Assets or other derivatives therefrom and shall promptly return all paper, data, drawings, manuals, specifications, descriptions and material of any kind supplied to it hereunder. York shall, when transmitting such material, acknowledge in writing that the documentation thus transmitted is complete and that York does not retain any copies thereof.
13.6 This section 13.6 and the following rights and obligations shall survive any termination of this Agreement to the degree necessary to permit their complete fulfilment or discharge;
(a) York's obligation to supply a final report as specified in section 7.2 of this Agreement.
(b) Biostar's right to receive or recover and York's obligation to pay amounts pursuant to section 4 and section 7.3 of this Agreement, accrued up to and including the date of termination.
(c) York's obligation to maintain records and make them available under section 14 of this Agreement.
(d) The representations, warranties and indemnities under section 10 of this Agreement.
13.7 The parties agree that termination of this Agreement by Biostar shall not affect the accrued rights or remedies of either party existing as any Sub-licensee which at the date time of termination is in good standing under its sub-licensing agreement with York. In the event of such expiry or termination, Biostar shall step in to the sub-licensing agreement which shall continue, mutatis mutandis, so that all rights and obligations of the Sub-licensee are retained in accordance with that sub-licensing agreement.
13.8 Notwithstanding section 13.7, in the event that Biostar terminates this Agreement as a result of the termination of the VIDO/Biostar Agreement, Biostar shall have no obligations to any Sub-licensee,. Notwithstanding expiry or York agrees that in case of termination of this Agreement by Biostar resulting from the termination of the VIDO/Biostar Agreement, it shall terminate all sub-licenses then in effect for the provisions rights granted to York under this Agreement.
13.9 The obligations of Clauses 1confidentiality as provided in this Agreement will survive termination of this Agreement for a period of ten (10) years post termination.
13.10 Termination of this Agreement by either party shall not take effect while any dispute is being arbitrated pursuant to section 18.
13.11 Biostar agrees that while this Agreement is in force it shall maintain a corporate existence, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effectnot institute any proceeding for the winding up of its business.
Appears in 1 contract
Term and Termination. 13.1 This Agreement shall come into force agreement shall, unless otherwise terminated as provided in this 13, commence on the Commencement Effective Date and shall continue for the Initial Subscription Term and, thereafter, this agreement shall be automatically renewed for successive periods of one month (each a Renewal Period), unless:
(a) either party notifies the other party of termination, in full force and effectwriting, unless before the end of the Initial Subscription Term or any Renewal Period, in which case this agreement shall terminate upon the expiry of the following Renewal Period; or
(b) otherwise terminated earlier in accordance with the provisions of this Agreementagreement; and the Initial Subscription Term together with any subsequent Renewal Periods shall constitute the
13.2 Without affecting any other right or remedy available to it, until Completion, when this Agreement shall automatically expire (the “Term”). Either either party may terminate this Agreement forthwith agreement with immediate effect by giving written notice to the other party written notice of immediate termination if if:
(a) the other party: party commits a material breach of any other term of this Agreement and agreement which breach is irremediable or (if such breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and remediable) fails to remedy that breach within thirty a period of 14 days after being notified in writing to do so;
(30b) the other party fails to pay any amount due under this agreement on the due date for payment and remains in default not less than 14 days after being notified in writing to make such payment;
(c) the other party repeatedly breaches any of being given written notice specifying the breach and requiring terms of this agreement in such a manner as to reasonably justify the opinion that its remedy; becomes insolvent conduct is inconsistent with it having the intention or ability to give effect to the terms of this agreement;
(d) the other party suspends, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due or admits inability to pay its debts or is deemed unable to pay its debts within the meaning of section 123 of the Insolvency Act 1986; , as if the words "it is proved to the satisfaction of the court" did not appear in sections 123(1)(e) or 123(2) of the Insolvency Act 1986;
(e) the other party commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the sole purpose of a scheme for a solvent amalgamation of that other party with one or more other companies or the solvent reconstruction of that other party; has ;
(f) a petition is filed, a notice is given, a resolution is passed, or an order is made, for or in connection with the winding up of that other party other than for the sole purpose of a scheme for a solvent amalgamation of that other party with one or more other companies or the solvent reconstruction of that other party; has ;
(g) an application is made to court, or an order is made, for the appointment of an administrator, or has if a notice given of intention to appoint an administratoradministrator is given or if an administrator is appointed, in respect of that party or any part of its business or assets; gives, or over the other party;
(h) the holder of a qualifying floating charge over the assets of that other party gives, notice of an intention has become entitled to appoint or has appointed an administrative receiver; has ;
(i) a liquidator, receiver, administrator person becomes entitled to appoint a receiver over the assets of the other party or administrative a receiver is appointed over the assets of the other party;
(j) a creditor or in respect encumbrancer of the other party attaches or takes possession of, or a distress, execution, sequestration or other such process is levied or enforced on or sued against, the whole or any part of that the other party’s business 's assets and such attachment or assets; process is not discharged within 14 days;
(k) any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar to any of the events mentioned in Clauses 19.2.3 13.2(d) to 19.2.8 13.2(j) (inclusive); or
(l) the other party suspends or ceases, or threatens to suspend or cease, carrying on all or a substantial part of its business. The Catapult shall also be entitled to terminate this Agreement at any time and for any reason by giving no less than thirty (30) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION .
13.3 On expiry or termination of this Agreement: the Supplier agreement for any reason:
(a) all licences granted under this agreement shall immediately cease all further performance of terminate and the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier Customer shall immediately cease all use of the Intellectual Property Rights relating Services and/or the Documentation;
(b) each party shall return and make no further use of any equipment, property, Documentation and other items (and all copies of them) belonging to the Services and the Deliverables in any way; other party;
(c) the Supplier shall promptly provide may destroy or otherwise dispose of any of the Customer Data in its possession in accordance with 4.7(c), unless the Supplier receives, no later than ten days after the effective date of the termination of this agreement, a written request for the delivery to the Catapult all Deliverables developed or created prior Customer of the then most recent back-up of the Customer Data. The Supplier shall use reasonable commercial endeavours to deliver the back-up to the date Customer within 30 days of its receipt of such a written request, provided that the Customer has, at that time, paid all fees and charges outstanding at and resulting from termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as due at the date of such termination (including termination). The Customer shall pay all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually expenses incurred by the Supplier in providing such assistance. If returning or disposing of Customer Data; and
(d) any rights, remedies, obligations or liabilities of the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) parties that have been incurred by the Supplier prior accrued up to the date of termination; and/or (ii) , including the right to claim damages in respect of any breach of this agreement which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to existed at or before the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason, shall not affect the accrued rights be affected or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effectprejudiced.
Appears in 1 contract
Sources: Subscription Agreement
Term and Termination. This 4.1 The effective term of this Agreement shall come into force be ten years from the date on which Leoch Energy is listed on a commence on Nasdaq, subject to circumstances as provided in Clause 4.2.
4.2 Notwithstanding the Commencement Date and terms of Clause 4.1, either party shall continue in full force and effect, unless terminated earlier in accordance with be entitled forthwith to terminate this Agreement by written notice to the other party at any time if:
(a) the other party commits any material breach of any of the provisions of this AgreementAgreement and, until Completion, when this Agreement shall automatically expire (in the “Term”). Either party may terminate this Agreement forthwith by giving the other party written notice case of immediate termination if the other party: commits a material breach of this Agreement and such breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and , fails to remedy that breach the same within thirty (30) the period of 30 days or otherwise agreed by the parties after receipt of being given a written notice specifying giving full particulars of the breach and requiring its remedy; becomes insolvent it to be remedied;
(b) an encumbrancer takes possession or suspendsa receiver is appointed over any of the property or assets of that other party, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due within the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all or that other party makes any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or voluntary arrangement with its creditors or becomes subject to an administration order, or that other than party goes into liquidation (except for the purpose purposes of a scheme for a solvent amalgamation or reconstruction of and in such manner that partythe company resulting therefrom effectively agrees to be bound by or assume the obligations imposed on that other party under this Agreement); has a petition filed, notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect or
(c) where necessary pursuant to the other party in any jurisdiction to which it is subject that has an effect equivalent requirements under the rules and regulations prescribed by the applicable stock exchange or similar to any of as may otherwise be required by such stock exchange, the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); the other party ceases, or threatens to cease, carrying on its business. The Catapult shall also be entitled to terminate transactions contemplated under this Agreement at are not approved by the independent shareholders of Leoch Technology and Leoch Energy in compliance with such requirements, and, upon termination of this Agreement, if the products or services have been delivered but not paid for, the relevant purchase price or service charges shall become immediately due and payable notwithstanding any time and for any reason by giving no less than thirty (30) days’ written notice previous agreement or arrangement to the Supplier. The Catapult contrary.
4.3 Notwithstanding the terms of Clauses 4.1 and 4.2, a party hereto shall also be entitled to terminate this Agreement by giving the other party not less than three months’ written notice of immediate termination to (unless the Supplier, if: notice period is otherwise waived by the other party in any 12 (twelve) month period during writing).
4.4 For the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions purposes of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same4.2(a), and a breach shall certify in writing to be considered capable of remedy if the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection breach can comply with the provision of the Services under a binding agreement entered into prior in question in all respects other than as to the date time of notice performance.
4.5 Any waiver by either party of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination a breach of any provision of this Agreement for any reason, shall not affect be considered as a waiver of any subsequent breach of the accrued same or any other provision thereof.
4.6 The rights to terminate this Agreement given by this Clause shall be without prejudice to any other right or remedies remedy of either party existing as at in respect of the date of such expiry breach concerned (if any) or termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effectany other breach.
Appears in 1 contract
Sources: Brand Licensing Framework Agreement (Leoch Energy Inc)
Term and Termination. This
13.1 Unless otherwise stated in the Order, this Agreement shall come into force shall, unless otherwise terminated as provided in this clause 13, commence on the Commencement Effective Date and shall continue for the Initial Subscription Term and, thereafter, this Agreement shall be automatically renewed for successive periods of 12 months (each a Renewal Period), unless:
(a) either party notifies the other party of termination, in full force and effectwriting, unless at least 90 days before the end of the Initial Subscription Term or any Renewal Period, in which case this Agreement shall terminate upon the expiry of the applicable Initial Subscription Term or Renewal Period; or
(b) otherwise terminated earlier in accordance with the provisions of this Agreement, until Completionand the Initial Subscription Term together with any subsequent Renewal Periods shall constitute the Subscription Term.
13.2 Without affecting any other right or remedy available to it, when this Agreement shall automatically expire (the “Term”). Either either party may terminate this Agreement forthwith with immediate effect by giving written notice to the other party written notice of immediate termination if if:
(a) the other party: party fails to pay any amount due under this Agreement on the due date for payment and remains in default not less than 30 days after being notified in writing to make such payment;
(b) the other party commits a material breach of this Agreement and such breach is not capable of remedy; commits a material breach any other term of this Agreement which breach is capable of remedy and irremediable or (if such breach is remediable) fails to remedy that breach within thirty a period of 30 days after being notified in writing to do so;
(30c) days of being given written notice specifying the breach and requiring its remedy; becomes insolvent or other party suspends, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due or admits inability to pay its debts or is deemed unable to pay its debts within the meaning of section 123 of the Insolvency Act 1986; 1986;
(d) the other party makes any voluntary arrangement with its creditors or becomes subject to an administration order or serves notice of administration, or has a receiver, manager or administrative receiver appointed over its assets or (being an individual) shall become bankrupt or (being a company) shall have a winding-up order made against it or shall go into liquidation (except for the purposes of a solvent amalgamation or reconstruction and in such manner that the resulting company effectively agrees to be bound by or assume the obligations imposed on the predecessor company under this Agreement);
(e) the other party commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the sole purpose of a scheme for a solvent amalgamation of that other party with one or more other companies or the solvent reconstruction of that party; has a petition filed, notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; other party;
(f) any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar to any of the events mentioned in Clauses 19.2.3 clause 13.2(c) to 19.2.8 clause 13.2(e) (inclusive); or
(g) the other party suspends or ceases, or threatens to suspend or cease, carrying on all or a substantial part of its business. The Catapult .
13.3 Without affecting any other right or remedy available to it, Peak Technologies shall also be entitled have the right, by giving at any time written notice to the Customer, to terminate this Agreement at immediately if any time third party supplier or licensor of any Third Party Software withdraws its consent to the Customer’s access and use of the Third Party Software for any reason by giving no less than thirty (30) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION whatsoever.
13.4 On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason:
(a) all licences granted under this Agreement shall immediately and automatically terminate;
(b) the Customer, or Peak Technologies on behalf of the Customer, shall not affect uninstall the APK from all devices;
(c) each party shall return and make no further use of any Confidential Information and other equipment, property and items (and all copies of them) belonging to the other party;
(d) Peak Technologies may destroy or otherwise dispose of any of the Customer Data in its possession; and
(e) any rights, remedies, obligations or liabilities of the parties that have accrued rights or remedies of either party existing as at up to the date of such expiry termination, including the right to claim damages in respect of any breach of the Agreement which existed at or termination. Notwithstanding expiry before the date of termination shall not be affected or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effectprejudiced.
Appears in 1 contract
Sources: Subscription Agreement
Term and Termination. 15.1 This Agreement shall come into force on the Commencement Date and automatically terminate after each individual end date, outlined in Schedule 1.
15.2 [Client’s Name ---------------------------] shall continue in full force and effect, unless terminated earlier in accordance with the provisions of this Agreement, until Completion, when this Agreement shall automatically expire (the “Term”). Either party may be entitled to terminate this Agreement forthwith without cause by giving BiG not less than two weeks written notice of termination, in which event BiG shall comply with [Client’s Name ---------------------------] reasonable instructions with regard to termination and [Client’s Name -----------] shall pay BiG in respect of the Services, other than those for which payment is properly withheld (until any dispute is resolved)in accordance with Clause 7.5, up to the effective date of such termination.
15.3 Each party shall have the right, without prejudice to its other rights and remedies, to terminate this Agreement immediately by written notice on the other, if:
(a) the other party written notice is in breach of immediate termination if any of its obligations under this Agreement or
(b) the other party: commits party is unable to pay its debts or becomes insolvent or an order or an application is made or a material resolution passed or documents are filed or faxed with a court for the administration, winding-up or dissolution of the other party (otherwise than for the purposes of a solvent amalgamation or reconstruction) or an administrative or other receiver, manager, liquidator, administrator, trustee, supervisor or similar officer is appointed to the other party or over all or any of the assets of the other party or notice is given of the intention to make such an appointment or a moratorium is sought or declared in respect of the other party or the other party enters into or proposes any composition or arrangement with its creditors generally, or takes steps with a view to rescheduling or restructuring any of its indebtedness or anything analogous to the foregoing occurs in any applicable jurisdiction. BiG SERVICES AGREEMENT
15.4 [Client’s Name ---------------------------] shall only be treated as being in breach of this Agreement if as a result of its failure to pay BiG any Fees, the non-payment does not relate to a bona fide dispute and such breach is not capable of remedy; commits a material breach of the unpaid Fees have been overdue for more than 45 days.
15.5 If this Agreement which is capable of remedy and fails to remedy that breach terminated by [Client’s Name ] under Section 15.3 above, BiG must reimburse [Client’s Name ] within thirty (30) days of being given written notice specifying the breach and requiring its remedy; becomes insolvent date of termination, any amounts paid by [Client’s Name ---------------------------] on or suspends, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due within the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the purpose of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); the other party ceases, or threatens to cease, carrying on its business. The Catapult shall also be entitled to terminate this Agreement at any time and for any reason by giving no less than thirty (30) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to before the date of termination (whether or not complete); the Supplier shall return which relate to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that a period for which it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry not received Services.
15.6 Upon expiration or termination of this Agreement for whatever reason BiG shall co-operate with [Client’s Name ] and any reasonother advisors or suppliers to [Client’s Name ] to ensure a smooth handover of the work carried out by ▇▇▇ (including but not limited to the delivery to [Client’s Name ] of all books, documents, papers, materials and other property relating to the business of [Client’s Name ---------------------------] or its clients which may then be in its or any BiG Personnel's possession or under its or any BiG Personnel's control). For the avoidance of doubt, nothing in this Section or any other provision of this Agreement shall be taken to compel or require BiG to provide assistance to any competitor of BiG other than as provided for in this Clause 16.6 or to disclose any Intellectual Property Rights owned by BiG to any competitor of BiG.
15.7 Termination shall not affect the any accrued rights or remedies liabilities of either party existing as at party, nor shall it affect the date coming into force or continuance of such expiry or termination. Notwithstanding expiry or termination any provision of this AgreementAgreement which is expressly or by implication intended to come into force or continue in force on or after termination, including (without limitation) the provisions of Clauses 1Sections 3.3, 8, 109, 11, 12, 13, 14, or 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effect.
Appears in 1 contract
Sources: Services Agreements
Term and Termination. 6.1 This Agreement shall come into force take effect on the Commencement Date date of execution of this Agreement and shall continue remain in full force and effect, effect until Party A becomes bankruptcy or insolvent or is the subject of proceedings or arrangements for liquidation or dissolution or ceases to carry on business unless terminated earlier in accordance with the provisions of this Agreement, until Completion, when this pursuant to Clause 6.2.
6.2 This Agreement shall automatically expire (the “Term”). Either party may terminate this Agreement forthwith be terminated:
6.2.1 by either Party giving written notice to the other party written notice of immediate termination Party if the other party: commits Party has committed a material breach of this Agreement (including but not limited to the failure by Party B to pay the Consulting Services Fee) and such breach is not breach, if capable of remedy; commits a material , has not been so remedied within, in the case of breach of this Agreement which is capable a non-financial obligation, fourteen (14) days, following receipt of remedy and fails to remedy that breach within thirty (30) days of being given such written notice;
6.2.2 either Party giving written notice specifying to the breach and requiring its remedy; other Party if the other Party becomes bankruptcy or insolvent or suspends, is the subject of proceedings or threatens arrangements for liquidation or dissolution or ceases to suspend, payment of its debts carry on business or is becomes unable to pay its debts as they fall due within the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the purpose of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filed, come due;
6.2.3 by either Party giving written notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to the other party in Party if, for any jurisdiction reason, the operations of Party A are terminated;
6.2.4 by either Party giving written notice to which it is subject that has an effect equivalent or similar to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); the other party ceasesParty if the business licence or any other license or approval material for the business operations of Party B is terminated, cancelled or threatens revoked;
6.2.5 by either Party giving written notice to cease, carrying on its business. The Catapult shall also be entitled the other Party if circumstances arise which materially and adversely affect the performance or the objectives of this Agreement; or
6.2.6 by election of Party A with or without reason.
6.3 Any Party electing properly to terminate this Agreement at any time and for any reason by giving pursuant to Clause 6.2 shall have no less than thirty (30) days’ written notice liability to the Supplierother Party for indemnity, compensation or damages arising solely from the exercise of such right. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry expiration or termination of this Agreement for any reason, shall not affect the continuing liability of Party B to pay any Consulting Services Fees already accrued rights or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry due and payable to Party A. Upon expiration or termination of this Agreement, the provisions of Clauses 1all amounts then due and unpaid to Party A by Party B hereunder, 8as well as all other amounts accrued but not yet payable to Party A by Party B, 10, 11, 12, 13, 14, 15, 17, 18 shall forthwith become due and 20 payable by Party B to 31 (inclusive) shall continue in full force and effect.Party A.
Appears in 1 contract
Sources: Consulting Services Agreement (China Chemical Holding Co)
Term and Termination. This 3.1 Subject to Clause 3.2 below, this Agreement shall come into force on be for an initial period of 12 months from the Commencement Date and shall continue in full force and effect, thereafter until or unless terminated earlier in accordance with by either party on 3 months’ written notice to expire at any time on or after the provisions first anniversary of this Agreement, until Completion, when the Commencement Date. You are still liable to pay fees due under this Agreement shall automatically expire (during the “Term”). period of any notice to terminate.
3.2 Either party may terminate this Agreement forthwith by giving providing written notice which shall have immediate effect if any of the following events occur:
3.2.1 any Laws or Regulations require such termination;
3.2.2 the other party written notice of immediate termination if the other party: (including an Authorised User) commits a material breach of this Agreement and fails to remedy such material breach (or in so far as such breach is not capable of remedy; commits , to furnish adequate compensation (in the opinion of the innocent party) therefore) within 30 days of receipt of a written notice specifying the material breach from the other party and requiring it to be remedied;
3.2.3 the other party (including any Authorised Users) is in persistent breach of this Agreement;
3.2.4 the other party is declared or becomes insolvent or bankrupt, has a moratorium declared in respect of any of its indebtedness, enter into administration, receivership or administrative receivership or liquidation or threatens to do any of these things, takes or suffers any similar action in any jurisdiction or any step is taken by it or any other person in respect of any of these circumstances.
3.3 We may (at Our discretion) refuse to accept the registration of You or any of Your Authorised Users. We may suspend the provision of Avelo Exchange (at Our discretion) on giving You 1 (one) week’s written notice if We reasonably believe that You or any of Your Authorised Users are using Avelo Exchange other than in strict accordance with the terms of this Agreement or You fail to meet a request for payment when due in accordance with Clause 6. You are still liable to pay the fees under this Agreement during such suspension. As and when, to our reasonable satisfaction, We consider that you have rectified any non-compliance We will restart Your access to Avelo Exchange.
3.4 Upon termination for any reason:
3.4.1 all rights granted to You and Your Authorised Users under this Agreement shall cease;
3.4.2 You must, and You must procure that Your Authorised Users must, cease all activities authorised by this Agreement; and
3.4.3 You must immediately pay Us any sums due to Us under this Agreement.
3.5 Any clauses of this Agreement which is capable of remedy and fails are expressly stated or impliedly intended to remedy that breach within thirty (30) days of being given written notice specifying the breach and requiring its remedy; becomes insolvent or suspends, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due within the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the purpose of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); the other party ceases, or threatens to cease, carrying on its business. The Catapult shall also be entitled to terminate this Agreement at any time and for any reason by giving no less than thirty (30) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or apply after termination of this Agreement for any reason, shall not affect the accrued rights or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall will continue in full force and effecteffect in accordance with their terms.
Appears in 1 contract
Sources: Terms and Conditions
Term and Termination. This Agreement shall come into force on the Commencement be valid from Effective Date for a fixed term of one (1) month and shall continue in full force and effect, be automatically renewed for additional one month terms unless terminated earlier in accordance with the provisions of this Agreement, until Completion, when this Agreement shall automatically expire (the “Term”). Either either party may terminate this Agreement forthwith by giving the other party gives written notice of immediate termination if the other party: commits a material breach of this Agreement and such breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and fails to remedy that breach within thirty (30) days of being given written notice specifying the breach and requiring its remedy; becomes insolvent or suspends, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due within the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the purpose of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect non-renewal to the other party in any jurisdiction Party at least three (3) calendar days before the termination date. Each Party shall have the right, without prejudice to which it is subject that has an effect equivalent its other rights or similar to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); the other party ceasesremedies, or threatens to cease, carrying on its business. The Catapult shall also be entitled to terminate this Agreement at any time and for any reason by giving no less than thirty (30) days’ written notice to the Supplierother Party (“Defaulting Party”) if the Defaulting Party
a) is in material breach of any of its obligations under this Agreement (including obligations as to payments) and that breach is either (1) incapable of being remedied or (2) remains un-remedied by the Defaulting Party after receiving written notice of the breach requiring remedy in a period of five (5) days.
b) violated any requirements for providing the service stated under a) to k) in paragraph V;
c) becomes bankrupt or insolvent under applicable law of its incorporation or is otherwise unable to pay its debts in the ordinary course of business;
d) is dissolved (other than by way of a re-organization) or otherwise ceases to engage in its normal business operations and is unable thereby to fulfil all its obligations under this Agreement. The Catapult Parties shall also be entitled have the right, without prejudice to its other rights or remedies, to terminate this Agreement by giving prior written notice of immediate termination to the Supplierother Party:
a) Any of the Parties loses any required permits or other required governmental or other approval or consent or the right to operate for any reason and/or is unable thereby to fulfil all their obligations as outlined in this Agreement;
b) If changes to legislation, if: in regulation or other requirements of any 12 (twelve) month period during government or governmental authority or agency makes it illegal or impractical to distribute, provide, marked and/or operate the Termlicensed software, online games, and/or develop the Supplier commits two (2) or more breaches of business activity by the Company and/or develop the object and/or business between the Parties as contemplated by this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information applicable law and/or the FGB. In case of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason, shall not affect the accrued rights or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, each Party shall immediately return all Confidential Information received from the provisions other Party and destroy any copies that may exist. Such destruction shall be promptly confirmed in writing upon request of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 the other Party. All outstanding sums payable to the Affiliate by the Company shall immediately become due and 20 to 31 (inclusive) shall continue in full force and effectpayable.
Appears in 1 contract
Sources: Affiliate Agreement
Term and Termination. This 3.1 Subject to Clause 3.2 below, this Agreement shall come into force on be for an initial period of 12 months from the Commencement Date and shall continue in full force and effect, thereafter until or unless terminated earlier in accordance with by either party on 3 months’ written notice to expire at any time on or after the provisions rst anniversary of this Agreement, until Completion, when the Commencement Date. You are still liable to pay fees due under this Agreement shall automatically expire (during the “Term”). period of any notice to terminate.
3.2 Either party may terminate this Agreement forthwith by giving providing written notice which shall have immediate e ect if any of the following events occur:
3.2.1 any Laws or Regulations require such termination;
3.2.2 the other party written notice of immediate termination if the other party: (including an Authorised User) commits a material breach of this Agreement and fails to remedy such material breach (or in so far as such breach is not capable of remedy; commits , to furnish adequate compensation (in the opinion of the innocent party) therefore) within 30 days of receipt of a written notice specifying the material breach from the other party and requiring it to be remedied;
3.2.3 the other party (including any Authorised Users) is in persistent breach of this Agreement;
3.2.4 the other party is declared or becomes insolvent or bankrupt, has a moratorium declared in respect of any of its indebtedness, enter into administration, receivership or administrative receivership or liquidation or threatens to do any of these things, takes or su ers any similar action in any jurisdiction or any step is taken by it or any other person in respect of any of these circumstances.
3.3 We may (at Our discretion) refuse to accept the registration of You or any of Your Authorised Users. We may suspend the provision of The Exchange (at Our discretion) on giving You 1 (one) week’s written notice if We reasonably believe that You or any of Your Authorised Users are using The Exchange other than in strict accordance with the terms of this Agreement or You fail to meet a request for payment when due in accordance with Clause 6. You are still liable to pay the fees under this Agreement during such suspension. As and when, to our reasonable satisfaction, We consider that you have recti d any non-compliance We will restart Your access to The Exchange.
3.4 Upon termination for any reason:
3.4.1 all rights granted to You and Your Authorised Users under this Agreement shall cease;
3.4.2 You must, and You must procure that Your Authorised Users must, cease all activities authorised by this Agreement; and
3.4.3 You must immediately pay Us any sums due to Us under this Agreement.
3.5 Any clauses of this Agreement which is capable of remedy and fails are expressly stated or impliedly intended to remedy that breach within thirty (30) days of being given written notice specifying the breach and requiring its remedy; becomes insolvent or suspends, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due within the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the purpose of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); the other party ceases, or threatens to cease, carrying on its business. The Catapult shall also be entitled to terminate this Agreement at any time and for any reason by giving no less than thirty (30) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or apply after termination of this Agreement for any reason, shall not affect the accrued rights or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall will continue in full force and effecte ect in accordance with their terms.
Appears in 1 contract
Sources: Terms and Conditions
Term and Termination. This Agreement shall come into force on the Commencement Date and 8.1 The Licence shall continue in full force for the Initial Licence Period and effect, thereafter for succeeding Annual Extensions unless and until the Licensee does not extend the Licence pursuant to clause 2.8 or this Agreement is terminated earlier in accordance with the provisions of this Agreementclause 8. If the Licensee does not extend the Licence, until Completion, when it will expire on the cessation of the relevant Licence Period. The Licensee may also terminate this Agreement shall automatically expire (with effect from the “Term”). expiry of the then current Licence Period by giving written notice to the Licensor prior to the Renewal Date.
8.2 Either party Party may terminate this Agreement forthwith immediately by giving written notice to the other party written notice in the event that any of immediate termination if the following occur:-
8.2.1 without prejudice to clause 2.6 above, the other party: Party fails to pay any amount due hereunder within 30 days of its due date or the other Party commits a material breach of this Agreement and such breach is not capable of remedy; commits a material or persistent breach of this Agreement which is capable of remedy and it fails to remedy that the breach within thirty (30) days 10 Business Days of being given a written notice specifying to do so. A breach shall be capable of remedy if the Party in breach and requiring its remedy; becomes insolvent can comply with the provision in question in all respects other than as to the time of performance;
8.2.2 the other Party commits a material or suspends, persistent breach of this Agreement which cannot be remedied;
8.2.3 any meeting of creditors of the other Party is held or threatens to suspend, payment any arrangement or composition with or for the benefit of its debts or is unable to pay its debts creditors (including any voluntary arrangement as they fall due within the meaning of section 123 of defined in the Insolvency Act 1986; commences negotiations with all ) is proposed or any class of its creditors with a view entered into by or in relation to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors the other Party (other than for the purpose of a scheme bona fide solvent re- construction, re-organisation or amalgamation);
8.2.4 the other Party ceases or threatens to cease carrying on business or is or becomes unable to pay its debts within the meaning of Section 123 of the Insolvency Act 1986;
8.2.5 a nominee, supervisor, receiver, administrator, administrative receiver or liquidator is appointed in respect of the other Party or any encumbrancer takes possession of, or any distress, lien, execution or other process is levied or enforced (and is not discharged within seven days) upon, the assets of the other Party;
8.2.6 an order is made for the bankruptcy or winding-up of the other Party or a solvent amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution for its winding up is passed, or order made, for or in connection with the winding up of that party; has an application made to court, or an order made, for the appointment of an administrator, or has ;
8.2.7 a notice given of intention to appoint an administrator, administrator is filed with the court or served on any creditor of the other Party;
8.2.8 an application for an administration order is issued at court in respect of that party or any part the other Party;
8.2.9 a meeting is convened for the purpose of its business or assets; gives, considering a resolution for the winding up of the other Party or the holder of a qualifying floating charge over the assets of that party gives, notice making of an intention to appoint application for an administrative receiver; has a liquidator, receiver, administrator administration order or administrative receiver appointed over the assets or in respect dissolution of any part of that party’s business or assets; the other Party;
8.2.10 any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar analogous to any of the events mentioned those set out in Clauses 19.2.3 to 19.2.8 (inclusive); clauses 8.2.3-8.2.9 above occurs in any jurisdiction;
8.2.11 the other party ceasesParty, being an individual, dies or, by reason of illness or threatens to ceaseincapacity (whether mental or physical), carrying on is incapable of managing his or her own affairs or becomes a patient under any mental health legislation;
8.2.12 the other Party is prevented by an Event of Force Majeure from performing any of its business. The Catapult shall also be entitled to terminate responsibilities under this Agreement at any time and for any reason by giving no less than thirty (30) days’ written notice to the Supplier. a period of three consecutive calendar months or more.
8.3 The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason, shall does not affect the accrued rights rights, remedies and obligations or remedies liabilities of either party the Parties existing as at the date of such expiry or termination. Notwithstanding expiry Nor shall it affect the continuation in force of any provision of this Agreement that is expressly or by implication intended to continue in force after termination.
8.4 In the event of termination of this Agreement, the provisions Licensee shall, on the Licensor’s written request, within 14 days return any physical copies of Clauses 1the Software and Documentation supplied by the Licensor, 8together with any copies made thereof, 10, 11, 12, 13, 14, 15, 17, 18 to the Licensor and 20 immediately pay any outstanding unpaid invoices submitted to 31 (inclusive) shall continue in full force and effectit whether before or after the termination of this Agreement.
Appears in 1 contract
Sources: Software Licence Agreement
Term and Termination. 15.1 This Agreement shall come into force commence on the Commencement Effective Date and shall continue in full force and effectand, unless terminated earlier in accordance with subject to the other provisions of this AgreementClause 15, until Completionshall continue for a period of 12 (twelve) months from the Effective Date.
15.2 Notwithstanding Clause 15.1 above, when this Agreement shall automatically expire (the “Term”). Either party either Party may terminate this Agreement forthwith at any time in accordance with Clause 15.3, 15.4 and 20.
15.3 This Agreement may be terminated by any Party by giving the other party Party 90 days (ninety days) written notice of immediate termination such intent.
15.4 A Party may immediately terminate this Agreement by giving notice to the other Party, if the other party: Party:
(a) commits a continuing or material breach of this Agreement and where such a breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and fails to remedy that breach it within thirty twenty one (3021) days of being given written a notice specifying requiring the breach and requiring its remedy; to be remedied;
(b) is dissolved, becomes insolvent or suspendsinsolvent, or threatens to suspend, payment of its debts fails or is unable to or admits in writing its inability to pay its debts as they fall due within the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, institutes or makes has instituted against it proceedings seeking a proposal for judgment of insolvency or enters into any compromise or arrangement with its creditors other than for the purpose of a scheme for a solvent amalgamation or reconstruction of that party; bankruptcy, has a petition filed, notice is given, resolution is passed, or order made, passed for or in connection with the its winding up or liquidation, seeks or becomes the subject of that party; has an application made to court, or an order made, for the appointment of an administrator, receiver or has notice given of intention to appoint an administrator, similar official in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar to any of the events mentioned in Clauses 19.2.3 to 19.2.8 ;
(inclusive); the other party c) ceases, or threatens to cease, carrying to carry on its business. The Catapult shall also be entitled ; or
(d) pursuant to terminate this Agreement at any time and for any reason by giving no less than thirty Section 18.3 (30Force Majeure).
(a) days’ written notice to the Supplier. The Catapult shall also be entitled to Sensako may immediately terminate this Agreement by giving written notice to Stockist in the event of immediate a Change of Control of Stockist; or
15.5 Upon any termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches expiration of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or all Seed in the reasonable opinion Consignment Stock will remain the property of Sensako and will be returned to Sensako, and the Catapult Stockist will remain responsible to pay for any event occurs which would have a materially adverse effect damaged Seed or Seed that is missing from the Consignment Stock.
15.6 Subject to Clause 15.5, all other rights and licenses of Stockist under this Agreement shall terminate on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On termination or expiration date.
15.7 Upon expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with this Clause 19.315 (Term and Termination) neither Party shall be entitled to any compensation, damages or other form of payment (including for loss of profits or goodwill) for such termination or expiry or the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable)consequences thereto. Expiry Termination or termination expiration of this Agreement for shall be without prejudice to any reason, shall not affect obligations contained herein which survive the accrued rights termination or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination expiration of this Agreement, and any prior rights which a Party has accrued prior to the provisions termination or expiration of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effectthis Agreement.
Appears in 1 contract
Sources: Distribution Agreement
Term and Termination. This 7.1 The initial term of this Agreement shall come into force on the Commencement Date and shall continue in full force and effect, unless terminated earlier in accordance be one year beginning with the provisions of this AgreementEffective Date, until Completion, when and this Agreement shall automatically expire renew for additional one-year terms, unless sooner terminated as provided in this Section of the Agreement. The parties agree to review and assess the terms of this Agreement annually.
7.2 This Agreement may be terminated as follows:
7.2.1 Company may terminate this Agreement at any time upon thirty (the “Term”). 30) days’ prior written notice.
7.2.2 Either party may terminate this Agreement forthwith by giving the other party written notice of immediate termination if the other party: commits due to a material breach of this Agreement and such breach is not capable of remedy; commits a material breach any term of this Agreement which is capable by the other party upon written notice of remedy such breach to the breaching party, and fails the failure of the breaching party to remedy that cure such breach within thirty (30) days after receiving such notice.
7.2.3 Notwithstanding any other provision in this Agreement, Company shall have a right to terminate this Agreement immediately in the event of being given written notice specifying the breach occurrence of any one of the following:
(a) The suspension, revocation or limitation of Physician’s license to practice medicine;
(b) The loss or suspension of Physician’s federal or state registrations to prescribe and requiring dispense controlled substances;
(c) A determination by Company, in its remedyreasonable discretion, that Physician has committed professional misconduct;
(d) The death of Physician;
(e) The conviction of Physician, in any jurisdiction, of a felony or crime of moral turpitude;
(f) Physician sells his shares or otherwise ceases to be an owner of Company; or
(g) Physician becomes insolvent disabled or suspends, or threatens impaired to suspend, payment of its debts or the extent that he is unable to pay its debts as they fall due within perform the meaning of section 123 of duties required under this Agreement.
7.2.4 In the Insolvency Act 1986; commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the purpose event of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filedchange in laws, notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, regulations or the holder method or amount of reimbursement which materially adversely affects the economic benefit expected by either party under the terms this Agreement, a qualifying floating charge over party, if it has been or will be materially adversely affected, shall have the assets of right to request that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar negotiate a modification to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); the other party ceases, or threatens to cease, carrying on its business. The Catapult shall also be entitled to terminate terms of this Agreement at any time to the extent and for any reason by giving no less than in the manner reasonably necessary to accommodate such governmental action and to preserve the economic benefits hereof. If the parties are unable to reach an agreement concerning modification of this Agreement within thirty (30) days’ , either party may immediately terminate this Agreement upon written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or other party.
7.3 Upon termination of this Agreement for any reason, no party shall not affect the have any further obligation hereunder except for (1) obligations which accrued rights or remedies of either party existing as at prior to the date of such expiry termination and (2) obligations, promises or termination. Notwithstanding expiry or termination covenants contained herein that expressly extend beyond the term of this Agreement. In the event that this Agreement is terminated prior to the end of any one-year term, the provisions parties shall not enter into another contract with each other for the same or similar services within the remaining period of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effectsuch one-year term of this Agreement.
Appears in 1 contract
Sources: Medical Director Agreement (Whiteglove House Call Health Inc)
Term and Termination. 12.1 This Agreement shall come into force agreement shall, unless otherwise terminated as provided in this clause 12, commence on the Commencement Effective Date and shall continue in full force and effectcontinue, unless unless:
(a) the Customer gives one months’ notice of termination expiring on the same day of the month as the Effective Date;
(b) Jukwa gives three months’ notice of termination expiring on the same day of the month as the Effective Date; or
(c) otherwise terminated earlier in accordance with the provisions of this Agreementagreement.
12.2 Without affecting any other right or remedy available to it, until Completion, when this Agreement shall automatically expire (the “Term”). Either either party may terminate this Agreement forthwith agreement with immediate effect by giving written notice to the other party written notice of immediate termination if if:
(a) the other party: party fails to pay any amount due under this agreement on the due date for payment and remains in default not less than 7 days after being notified in writing to make such payment;
(b) the other party commits a material breach of any other term of this Agreement agreement and (if such breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and remediable) fails to remedy that breach within thirty a period of 3 days after being notified in writing to do so;
(30c) days of being given written notice specifying the breach and requiring its remedy; becomes insolvent or suspends, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due within the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the purpose of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent suspends or similar to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); the other party ceases, or threatens to suspend or cease, carrying on all or a substantial part of its business. The Catapult shall also be entitled ; or
(d) the other party's financial position deteriorates so far as to reasonably justify the opinion that its ability to give effect to the terms of this agreement is in jeopardy.
12.3 Without affecting any other right or remedy available to it, Jukwa may terminate this Agreement at any time and for any reason agreement with immediate effect by giving no less than thirty (30) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement Customer if the Subscription Fee is zero and no Service Fees have been received by giving written notice of immediate termination to Jukwa over the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION previous 3 months.
12.4 On expiry or termination of this Agreement: the Supplier agreement for any reason:
(a) all licences granted under this agreement shall immediately cease all terminate;
(b) each party shall return and make no further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services any equipment, property, documentation and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination other items (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing them) belonging to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession other party;
(c) Jukwa may destroy or control and are unused as at the date otherwise dispose of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services Customer Content in its possession
(d) any rights, remedies, obligations or part liabilities of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) parties that have been incurred by the Supplier prior accrued up to the date of termination; and/or (ii) which , including the Supplier has committed right to pay to a third party claim damages in connection with the provision respect of any breach of the Services under a binding agreement entered into prior to which existed at or before the date of notice of termination having been given shall not be affected or prejudiced;
(provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination e) any provision of this Agreement for any reasonagreement that expressly or by implication is intended to come into or continue in force on or after termination [or expiry] of this agreement, including clause 1 (Interpretation), clause 4 (data protection), clause 9 (Confidentiality), clause 10 (Indemnity) and 12 (Term and termination), shall not affect the accrued rights or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue remain in full force and effect; and
(f) any outstanding balance becomes immediately due and payable.
Appears in 1 contract
Sources: Terms of Service
Term and Termination. 15.1 This Agreement shall come into force commence on the Commencement Date and shall continue in full force and effectand, unless terminated earlier in accordance with the termination provisions of under this Agreement, shall continue in full force and effect until Completioneither Party gives to the other Party not less than 30 days’ written notice to terminate to take effect not earlier than:
15.1.1 if you are paying the Fees on a monthly basis, when this Agreement shall automatically expire (at the “Term”). Either party end of current subscription month; and
15.1.2 if you are paying the Fees on an annual basis, at the end of the current subscription year.
15.2 Without affecting any other right or remedy available to it, either Party may terminate this Agreement forthwith with immediate effect by giving written notice to the other party written notice of immediate termination if Party if:
15.2.1 the other party: commits a material breach of this Agreement and such breach is not capable of remedy; Party commits a material breach of this Agreement which breach is capable of remedy and irremediable or (if such breach is remediable) fails to remedy that breach within thirty (30) a period of seven days of after being given written notified in writing to do so; or
15.2.2 the other Party gives notice specifying the breach and requiring its remedy; becomes insolvent or suspends, or threatens to suspend, payment any of its debts creditors that it has suspended or is about to suspend payment or if it shall be unable to pay its debts as they fall due within the meaning of section Section 123 of the Insolvency Act 1986; commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the purpose of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made to court, or an order made, is made or a resolution is passed for the appointment winding-up of the other Party or an administratoradministration order is made or an administrator is appointed to manage the affairs, business and property of the other Party or has notice given of intention to appoint an administrator, a receiver and/or manager or administrative receiver is appointed in respect of that party all or any part of its business the other Party’s assets or assets; givesundertaking or circumstances arise which entitle the court or a creditor to appoint a receiver and/or manager or administrative receiver or administrator or which entitle the court to make a winding-up or bankruptcy order, or the holder other Party takes or suffers any similar or analogous action in consequence of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiverdebt in any jurisdiction; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to and/or
15.2.3 the other party in any jurisdiction to which it is subject that has an effect equivalent Party suspends or similar to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); the other party ceases, or threatens to suspend or cease, carrying on all or a substantial part of its business. The Catapult shall also be entitled .
15.3 Without affecting any other right or remedy available to us, we may terminate this Agreement at any time and for any reason by giving no less than thirty without Liability (30) days’ written notice subject to the Supplier. The Catapult shall also be entitled to terminate this Agreement Clause 14.2), with immediate effect by giving written notice of immediate termination to the Supplieryou, if: :
15.3.1 (or such other notice period as we see fit at our absolute direction) you fail to pay any amount due under this Agreement on the due date for payment and such amount remains in any 12 (twelve) month period during the Term, the Supplier commits two (2) default not less than 14 days after being notified to make such payment;
15.3.2 you challenge or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges dispute the validity of any registrations of our IPR; or
15.3.3 you purport to assign any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry your rights or termination of obligations under this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or .
15.4 On termination of this Agreement for any reason:
15.4.1 all licences and rights granted under this Agreement shall immediately terminate;
15.4.2 you shall pay to us all amounts owing under this Agreement, whether invoiced or not;
15.4.3 each Party shall return and make no further use of any equipment, property and other items (and all copies of them) belonging to the other Party; and
15.4.4 any rights, remedies, obligations or liabilities of the Parties that have accrued up to the date of termination, including the right to claim damages in respect of any breach of this Agreement which existed at or before the date of termination, shall not affect the accrued rights be affected or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effectprejudiced.
Appears in 1 contract
Sources: Terms and Conditions
Term and Termination. This Agreement shall come into force agreement shall, unless otherwise terminated as provided in this clause 13, commence on the Commencement Effective Date and shall continue in full force and effectfor the Initial Subscription Term and, thereafter, this agreement shall be automatically renewed for successive periods of 12 months (each a Renewal Period), unless either party notifies the other party of termination, in writing, at least 60 days before the end of the Initial Subscription Term or any Renewal Period, in which case this agreement shall terminate upon the expiry of the applicable Initial Subscription Term or Renewal Period, or otherwise terminated earlier in accordance with the provisions of this Agreementagreement (and the Initial Subscription Term together with any subsequent Renewal Periods shall constitute the Subscription Term.) Without affecting any other right or remedy available to it, until Completion, when this Agreement shall automatically expire (the “Term”). Either either party may terminate this Agreement forthwith agreement with immediate effect by giving written notice to the other party written notice of immediate termination if if: the other party: party commits a material breach of this Agreement any term of the agreement (including failure to pay any amount due under the agreement) and (if such a breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and remediable) fails to remedy that breach within thirty 10 Business Days of that party being notified in writing to do so; the other party takes any step or action in connection with its entering administration, provisional liquidation or any composition or arrangement with its creditors (30) days other than in relation to a solvent restructuring), being wound up (whether voluntarily or by order of being given written notice specifying the breach and requiring court, unless for the purpose of a solvent restructuring), having a receiver appointed to any of its remedyassets or ceasing to carry on business or, if the step or action is taken in another jurisdiction, in connection with any analogous procedure in the relevant jurisdiction; becomes insolvent or the other party suspends, or threatens to suspend, payment of its debts or is unable ceases or threatens to pay its debts as they fall due within the meaning of section 123 of the Insolvency Act 1986; commences negotiations with cease to carry on all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the purpose of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any substantial part of its business or assetsbusiness; gives, or the holder other party's financial position deteriorates to such an extent that in the terminating party's opinion the other party's capability to adequately fulfil its obligations under the Contract has been placed in jeopardy. Termination of a qualifying floating charge over the assets agreement shall not affect any of the parties' rights, remedies, obligations or liabilities that party giveshave accrued as at termination, notice of an intention including the right to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or claim damages in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar to any breach of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); the other party ceases, agreement which existed at or threatens to cease, carrying on its business. The Catapult shall also be entitled to terminate this Agreement at any time and for any reason by giving no less than thirty (30) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to before the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the . Any provision of the Services under a binding agreement entered that expressly or by implication is intended to come into prior to the date of notice of or continue in force on or after termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason, shall not affect the accrued rights or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue remain in full force and effect.. On termination of this agreement for any reason:
Appears in 1 contract
Sources: Master Services Agreement
Term and Termination. This The term of this Letter Agreement shall come into force will start on the Commencement Effective Date and shall continue in full force and effectthereafter for a period of five (5) years, unless sooner terminated earlier as set forth below. The term of this Letter Agreement may be extended beyond the initial five year term upon the mutual written agreement of Vistar and Company. Vistar will have the right to terminate this Letter Agreement if you fail to make payment of any amounts due and payable by you, and such failure continues for ten (10) days after the date of our written notice to you. Either party will have the right to terminate this Letter Agreement: (i) if the other party breaches or defaults under any of the terms, obligations or representations of this Letter Agreement (except for late payment by the Company which is addressed above), and such default is not cured within 30 days after written notice from the other party, (ii) in accordance with the event the other party is declared insolvent or bankrupt or makes an assignment for the benefit of creditors, or in the event a receiver is appointed or any proceeding is demanded by, for or against the other party under any provision of the Federal Bankruptcy Act or any amendment of such Act; (iii) if the financial condition of the other party materially deteriorates; or (iv) a change in control of the other party, where "change in control" means the transfer of all or substantially all of the assets of the entity in question, or a "person" or "group" (as such terms are used in Section 13 (d) and 14 (d) of the Exchange Act of 1934, as amended) has become the beneficial owner, directly or indirectly of fifteen percent (15%) or more of the then outstanding voting shares of such party, provided that such "person" or "group" was not, directly or indirectly, a beneficial owner of at least such amount of such voting shares as of the Effective Date; provided, however that any transfer of ownership interest among members of the Sbarro family shall not be considered a "change in control." In addition, Company shall have the right to terminate this Agreement, if it reasonably determines that Vistar has materially failed to maintain satisfactory service levels (subject to the provisions of this Agreementthe Unforeseen Events section, until Completionbelow) or has materially failed to maintain competitive pricing for Products it delivers to the Restaurants. In such event, when this Agreement Company shall automatically expire (the “Term”). Either party may terminate this Agreement forthwith by giving the other party provide written notice to an officer of immediate termination if the other party: commits Vistar describing, in reasonable detail, such service deficiencies and/or pricing issues and Vistar shall, within fourteen (14) days of its receipt of such notice, provide a material breach of this Agreement and such breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and fails to remedy written response that breach outlines its planned corrective action. If Vistar fails, within thirty (30) days of being given written notice specifying the breach and requiring its remedy; becomes insolvent or suspends, or threatens to suspend, payment date of its debts written response, to correct the service deficiencies or is unable to pay its debts as they fall due within satisfactorily address the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all or any class of its creditors with a view to rescheduling any of its debtspricing issues, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the purpose of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); the other party ceases, or threatens to cease, carrying on its business. The Catapult Company shall also be entitled to terminate this Agreement at any time upon notice to Vistar, provided that such termination shall not be effective prior to the expiration of one hundred eighty (180) days from the date of termination notice. Company shall be entitled to purchase Products from other distributors, commencing ninety (90) days following the date of the termination notice. Commencing six months prior to the 3rd anniversary of the Effective Date, Company and Vistar shall meet to review the terms, pricing and provisions of this Letter Agreement. In the event that the parties are unable to agree upon amendments to terms, pricing, and other provisions of this Letter Agreement by the 3rd anniversary of the Effective Date, Vistar may terminate this Letter Agreement with written notice to Company, provided that such termination shall not be effective until one hundred eighty (180) days from the 3rd anniversary of the Effective Date. If Vistar fails to exercise its termination rights outlined in this paragraph, the existing terms and conditions of this Letter Agreement shall remain in full force and effect until the 5th anniversary of the Effective Date, unless this Letter Agreement is otherwise earlier terminated in accordance with the other provisions of this Letter Agreement. Upon termination of this Letter Agreement, for any reason reason, you agree to purchase from us, at Cost (including freight costs) as defined in the Pricing Schedule, all of our inventory of the Proprietary Products and any labeling and packaging materials used in connection with the Proprietary Products. You agree to purchase all perishable Proprietary Products within fifteen (15) days after the effective date of termination of this Letter Agreement or by giving no less than the expiration date of the Proprietary Product, whichever is earlier, and all nonperishable Proprietary Products within thirty (30) days’ written notice to days after the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice effective date of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Letter Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason, shall not affect the accrued rights or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effect.
Appears in 1 contract
Sources: Distribution Agreement (Sbarro Inc)
Term and Termination. This 11.1 The term of this Agreement shall come into force commence on the Commencement Date date of this Agreement and shall continue in full force and effect, unless terminated earlier in accordance with end on the provisions first year anniversary date of this Agreement, unless or until Completion, when this Agreement shall automatically expire (earlier terminated by either party giving to the “Term”). other party not less than ten business days written notice.
11.2 Either party may terminate this Agreement forthwith immediately at any time by giving written notice to the other party written notice of immediate termination if if:
(a) the other party: party commits a material breach of this Agreement and such breach is not capable of remedy; commits a any material breach of this Agreement which breach is capable of remedy and fails to remedy that irremediable, or which breach (if remediable) is not remedied within thirty (30) days after the service of being given written notice specifying requiring the breach and requiring its remedysame; becomes insolvent or suspends, or
(b) the other party ceases or threatens to suspendcease to trade (either in whole, payment or as to any part or division involved in the performance of its debts this Agreement), or becomes or is deemed insolvent, is unable to pay its debts as they fall due within the meaning of section 123 due, has a receiver, administrative receiver, administrator or manager appointed of the Insolvency Act 1986; commences negotiations with all whole or any class part of its creditors with a view to rescheduling assets or business, makes any of its debts, or makes a proposal for or enters into any compromise composition or arrangement with its creditors or an order or resolution is made for its dissolution or liquidation (other than for the purpose of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution is passedreconstruction), or order madetakes or suffers any similar or analogous procedure, action or event in consequence of debt in any jurisdiction.
11.3 Upon termination of this Agreement for or in connection with the winding up of that party; has an application made any reason prior to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect completion of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to the other party Services in any jurisdiction to which it is subject that has an effect equivalent or similar to any of the events mentioned Areas, subject to receipt of the entire Area Fee Contractor shall complete the Services in Clauses 19.2.3 the Area and deliver to 19.2.8 (inclusive); the other party ceases, or threatens to cease, carrying on its business. The Catapult shall also be entitled to terminate this Agreement at any time and for any reason by giving no less than thirty (30) days’ written notice Client all Deliverables relating to the Supplierrespective Area. The Catapult shall also be entitled In case the contract is terminated prior to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance completion of the Services pursuant to this Agreement and in any of the Areas, the advance payment shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry refundable,
11.4 The expiration or termination of this Agreement for any reason, reason shall not affect give either party the accrued right to claim any compensation, indemnity or reimbursement whatsoever from the other by reason of such termination, but termination shall be without prejudice to any rights or remedies of available to, or any obligations or liabilities accrued to, either party existing as at the effective date of such expiry or termination. Notwithstanding expiry or the above, the confidentiality provisions of Section 8 of this Agreement shall survive termination of this Agreement for the period described in Section 8 of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effect.
Appears in 1 contract
Sources: Services Agreement (Terra Energy & Resource Technologies, Inc.)
Term and Termination. 12.1 This Agreement shall come into force be effective from the Effective Date and expire on the Commencement first (1st) anniversary of the Effective Date and (the Term). The Term shall continue in full force and effect, be automatically renewed for additional periods of 12 months (each a Renewal Term) unless terminated earlier in accordance with either Party provides written notice to the provisions other Party at least three (3) months prior to the beginning of this a Renewal Term that it does not desire to renew the Agreement, until Completion, when this .
12.2 This Agreement shall automatically expire be terminated forthwith upon the sending of notice in writing upon the occurrence of one or more of the following events:
(the “Term”). Either party may terminate this Agreement forthwith a) by giving the other party written notice of immediate termination either Party hereto, if the other party: commits Party or its creditors or any other eligible party makes a filing for said Party’s liquidation, bankruptcy, reorganization, compulsory composition, or dissolution, or if said Party is unable to pay any debts as they become due except otherwise legally extended, or has explicitly or implicitly suspended payment of any debts as they become due (except debts contested in good faith), or if the creditors of said Party have taken over its management, or if any material or significant part of said Party’s undertaking, property, or assets shall be intervened in, expropriated, or totally or partially confiscated by action of any government;
(b) by either Party hereto, if the other Party shall commit a material breach of this Agreement and such breach is not capable any of remedy; commits a material breach of its obligations under this Agreement which is capable of remedy and fails to remedy that breach shall not be remedied within thirty (30) days days, or a shorter period if expressly required herein, from the giving of being given written notice specifying the requiring said breach and requiring its remedy; becomes insolvent or suspendsto be remedied;
(c) by either Party, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due within the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the purpose of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); the other party ceases, or threatens to cease, carrying on its business. The Catapult if there shall also be entitled to terminate this Agreement at any time and for occur any reason change in the ownership or control of either Party which the other Party reasonably deems to be material; or
(d) if any subsequent enactment of law or regulation or any subsequent action (or failure to act) by giving no less than thirty (30) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Suppliergovernmental authority in BUYER’s or SELLER’s country shall, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of a Party: (i) make performance of this Agreement impossible or unreasonably expensive or unreasonably difficult for said Party, (ii) materially alter the Catapult any event occurs which would have a materially adverse effect on the ability rights and obligations of the Supplier Parties from those agreed and contemplated by this Agreement; or (iii) interfere with the benefits contemplated herein to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination be received by said Party.
12.3 Termination of this Agreement: Agreement shall be without prejudice to the Supplier shall immediately cease all further performance accrued rights and liabilities of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as Parties at the date of such termination (including all copies of the same)termination, and shall certify unless waived in writing to by the Catapult that it has done so; Party enjoying the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult right or to such third party as whom the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or liability is owed.
12.4 Upon termination of this Agreement for any reason, :
(a) all obligations undertaken in this Agreement shall not affect forthwith terminate; provided that all terms and conditions of this Agreement which are destined (whether expressed or not) to survive the accrued rights or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry duration or termination of this AgreementAgreement including, the provisions of Clauses 1without limitation, Articles 8, 10, 11, 12, 13, 14, 15, 17and 16 shall so survive;
(c) the Forecast and outstanding Purchase Orders, 18 and 20 to 31 (inclusive) which have been confirmed by SELLER, shall continue to be executed by the Parties in full force accordance with the terms thereof and effectthe provisions of this Agreement shall continue to apply thereto until the pertinent transactions shall have been completed; and
(d) a termination of this Agreement shall not relieve either Party from any obligations accrued to the date of termination or relieve the Party in default or breach from liability for damages to the other for default or breach of this Agreement.
Appears in 1 contract
Term and Termination. 16.1. This Agreement and each Scope of Works shall come into force commence on the Commencement Date and shall continue remain in full force and effect, for the Initial Term unless otherwise agreed by the Parties or earlier terminated earlier in accordance with the provisions terms of this Agreement. Thereafter, until Completion, when this Agreement and each Scope of Works shall continue to automatically expire renew for a Subsequent Term, unless a Party gives written notice to the other Party, not later than ninety (90) days before the “end of the Initial Term or the relevant Subsequent Term”), to terminate this Agreement.
16.2. Either party Without prejudice to any rights that the Parties have accrued under this Agreement or any of their respective remedies, obligations or liabilities, a Party may terminate this Agreement forthwith with immediate effect by giving written notice to the other Party if:
(a) The other party written notice of immediate termination if the other party: commits a material breach of any material term of this Agreement and (if such breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and remediable) fails to remedy that breach within a period of thirty (30) days after being notified to do so;
(b) the other Party breaches any of being given written notice specifying the breach and requiring its remedyterms of Clause 10, Clause 15 or Clause 20; becomes insolvent or or
(c) the other Party suspends, or threatens to suspend, payment of its debts debts, or is unable to pay its debts as they fall due or admits inability to pay its debts, or is deemed unable to pay its debts within the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the purpose of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); the other party ceases, or threatens to cease, carrying on its business.
16.3. The Catapult shall also be entitled to terminate this Agreement at any time and for any reason by giving no less than thirty (30) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches Termination of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason, shall not affect the accrued rights rights, remedies, obligations or remedies liabilities of either party the Parties existing as at termination.
16.4. On termination of this Agreement for any reason:
(a) CompanyNet shall immediately cease provision of the Services;
(b) the Customer shall pay any and all invoices and sums due and payable up to and including the date of termination including (1) all remaining amounts owing up to the end of the Initial Term; or any Subsequent Term (as applicable) (2) any termination fees that CompanyNet incurs from any of its third party suppliers or software providers as a consequence of such expiry or early termination. Notwithstanding expiry CompanyNet shall use reasonable endeavours to mitigate any loss, but the Customer acknowledges and agrees that any third-party fees may not be mitigated by CompanyNet and the Customer shall not hold CompanyNet responsible if it incurs full termination fees; and
(c) each Party shall use reasonable endeavours to return and make no further use of any equipment, property, materials and other items (and all copies of them) belonging to the other Party.
16.5. Save as provided in Clause 16 or elsewhere in this Agreement, or by mutual consent and on agreed terms, or due to a Force Majeure, neither Party shall be entitled to terminate a Scope of Works. Termination of a Scope of Works shall not by default, terminate other Scope of Works nor this Agreement.
16.6. Termination of any Scope of Works shall be without prejudice to any other rights which any Party may have under any other Scope of Works.
16.7. Upon termination of this AgreementAgreement or a specific Scope of Works for any reason CompanyNet will provide to the Customer and/or to any new supplier selected by the Customer (the “Successor Service Provider”) such assistance as reasonably requested by the Customer in order to effect the orderly transition of the applicable Services, in whole or in part, to the Customer or to Successor Service Provider (such assistance shall be known as the “Termination Assistance Services”) during any period of notice of termination (the “Termination Assistance Period”). Any services required by the Customer for the transition of Services during the Termination Assistance Period shall be provided by CompanyNet at its then current time and materials fee rate for such period of time as shall be mutually agreed. Such Termination Assistance Services may include:
(a) developing a plan for the orderly transition of the terminated Services from CompanyNet to the Customer or the Successor Service Provider; and
(b) such other activities upon which the Parties may agree including any non-proprietary documents to enable a Successor Service Provider to continue to provide services.
16.8. Upon a termination of the Agreement or a specific Scope of Works (as applicable), CompanyNet shall only retain the Customer Data for a maximum period of three (3) months from the date of termination and may delete all such copies of its Customer Data after the three (3) months period has ended.
16.9. The provisions of Clauses 17, 8, 10, 11, 12, 13, 1415, 1516, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effectsurvive termination of any Scope of Works or this Agreement.
Appears in 1 contract
Sources: Master Services Agreement
Term and Termination. 11.1 This Agreement shall come into force on commence as of the Commencement Effective Date and shall continue in full force and effectand, unless terminated earlier in accordance with sooner as provided herein, shall continue for the provisions of this AgreementTerm.
11.2 Without affecting any other right or remedy available to it, until Completion, when this Agreement shall automatically expire (the “Term”). Either either party may terminate this Agreement forthwith with immediate effect by giving written notice to the other party written notice if:
11.2.1 the provision or receipt of immediate termination the Services becomes unlawful;
11.2.2 the other party fails to pay any amount due under this Agreement on the due date for payment and remains in default not less than fifteen (15) Business Days after being notified in writing to make such payment;
11.2.3 if the other party: party commits a material breach of this Agreement and such breach is not capable of remedy; commits a material breach any term of this Agreement which breach is capable of remedy and irremediable or (if such breach is remediable) fails to remedy that breach within thirty (30) days of after being given written notice specifying notified in writing to do so (such notification to include reference to this Clause 11.2.3); or
11.2.4 the breach and requiring other party takes any step or action in connection with its remedy; becomes insolvent or suspendsentering administration, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due within the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all provisional liquidation or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise composition or arrangement with its creditors (other than in relation to a solvent restructuring), being wound up (whether voluntarily or by order of the court, unless for the purpose of a scheme for solvent restructuring), having a solvent amalgamation receiver appointed to any of its assets or reconstruction of that party; has a petition filedceasing to carry on business or, notice if the step or action is giventaken in another jurisdiction, resolution is passed, or order made, for or in connection with any analogous procedure in the winding up of that party; has an application made to courtrelevant jurisdiction, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); the other party ceases, ceases or threatens to cease, carrying cease to carry on its business. The Catapult shall also be entitled to .
11.3 Sylvera may terminate this Agreement at any time and for any reason in whole or in part by giving no less than thirty three (303) daysmonths’ written notice to the Supplier. The Catapult Customer, provided that Sylvera shall also be entitled to terminate this Agreement by giving written notice of immediate termination refund to the Supplier, if: Customer any amounts paid in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control advance as at the date of termination of this Agreement under this Clause 11.3.
11.4 Without prejudice to any other rights or remedies to which ▇▇▇▇▇▇▇ may be entitled under this Agreement, if Sylvera knows or has reasonable grounds to suspect that the Customer is acting in material breach of its obligations under this Agreement, Sylvera may notify the Customer in writing accordingly and may immediately suspend the Customer’s and all Authorised Users’ access to the Services until such termination (including all copies breach can be remedied or until Sylvera is satisfied, acting reasonably, that its suspicions are unfounded. If Sylvera suspends Customer’s access for 10 Business Days or longer and, upon investigation, determines that its suspicions were unfounded, Sylvera shall refund to Customer any amounts paid in respect of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date period of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or suspension.
11.5 On termination of this Agreement for any reason: (i) all licences granted under this Agreement shall immediately terminate; (ii) each party shall return and make no further use of any Confidential Information, shall not affect equipment, property and other items (and all copies of them) belonging to the other party; and (iii) any rights, remedies, obligations or liabilities of the parties that have accrued rights or remedies of either party existing as at up to the date of such expiry or termination. Notwithstanding expiry or termination , including the right to claim damages in respect of any breach of this Agreement, Agreement which existed at or before the provisions date of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) termination shall continue in full force and effectnot be affected or prejudiced.
Appears in 1 contract
Sources: Subscription Agreement
Term and Termination. 17.1 This Agreement shall come into force Contract shall, unless otherwise terminated as provided in this clause 17, commence on the Commencement Effective Date and shall continue for the Initial Subscription Term and, thereafter, this Contract shall be automatically renewed for successive periods of 12 months (each a “Renewal Period”), unless:
17.1.1 either party notifies the other party of termination, in full force and effectwriting, unless at least 90 days before the end of the Initial Subscription Term or any Renewal Period, in which case this Contract shall terminate upon the expiration of the applicable Initial Subscription Term or Renew- al Period; or
17.1.2 otherwise terminated earlier in accordance with the provisions of this Agreement, until Completion, when this Agreement Contract; and the Initial Subscription Term together with any subsequent Renewal Periods shall automatically expire (consti- tute the “Subscription Term”). Either .
17.2 Without affecting any other right or remedy available to it, either party may terminate this Agreement forthwith Con- tract with immediate effect by giving written notice to the other party written notice of immediate termination if if:
17.2.1 the other party: party fails to pay any amount due under this Contract on the due date for pay- ment and remains in default not less than 14 days after being notified in writing to make such payment;
17.2.2 the other party commits a material breach of any other term of this Agreement and Contract which breach is irremediable or (if such breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and remediable) fails to remedy that breach within thirty (30) with- in a period of 14 days after being notified in writing to do so;
17.2.3 the other party repeatedly breaches any of being given written notice specifying the breach and requiring terms of this Contract in such a manner as to reasonably justify the opinion that its remedy; becomes insolvent conduct is inconsistent with it having the intention or ability to give effect to the terms of this Contract;
17.2.4 the other party suspends, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due within or admits inability to pay its debts or is deemed unable to pay its debts at they come due or has no reasonable prospect of so doing, or files a petition in bankruptcy under the meaning of section 123 US Bankruptcy Code, or (being a partnership) has any partner to whom any of the Insolvency Act 1986; foregoing apply;
17.2.5 the other party commences negotiations with all or any class of its creditors with a view to rescheduling or reorganizing any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than (being a company) for the sole purpose of a scheme bankruptcy reorganization or an assignment for a solvent amalgamation or reconstruction the benefit of that party; has credi- tors;
17.2.6 a petition is filed, a notice is given, a resolution is passed, or an order is made, for or in connection with the winding up of or dissolution of that other party with one or more other companies or the solvent reconstruction of that other party; has ;
17.2.7 an application is made to court, or an order is made, for the appointment of an administratoradmin- istrator, or has if a notice given of intention to appoint an administratora trustee or administrator is given or if a trustee or administrator is appointed, in respect of that over the other party or any part of its business or assets; gives, or (being a company);
17.2.8 the holder of a qualifying floating charge blanket lien over the assets of that other party gives, notice of an intention (being a company) has become entitled to appoint or has appointed an administrative receiver; has ;
17.2.9 a liquidator, receiver, administrator person becomes entitled to appoint a receiver over the assets of the other party or administrative a receiver is appointed over the assets of the other party;
17.2.10 the other party (being an individual) is the subject of a bankruptcy petition or in respect order;
17.2.11 a creditor or lienholder of the other party attaches or takes possession of, or a writ , execution, sequestration or other such process is levied or enforced on or sued against, the whole or any part of that the other party’s business assets and such attachment or assets; process is not discharged within 14 days;
17.2.12 any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction jurisdic- tion to which it is subject that has an effect equivalent or similar to any of the events mentioned in Clauses 19.2.3 clause 17.2.4 to 19.2.8 clause 17.2.11 (inclusive); or
17.2.13 the other party suspends or ceases, or threatens to suspend or cease, carrying on all or a substantial part of its business. The Catapult shall also be entitled to terminate this Agreement at any time and for any reason by giving no less than thirty (30) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason, shall not affect the accrued rights or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effect.
Appears in 1 contract
Sources: Contract
Term and Termination. 12.1 This Agreement shall come into force agreement shall, unless otherwise terminated as provided in this clause 12, commence on the Commencement Date and shall continue for the Initial Subscription Term and, thereafter, this agreement shall be automatically renewed for successive periods of 12 months (each a Renewal Period), unless:
(a) either party notifies the other party of termination, in full force and effectwriting, unless at least 60 days before the end of the Initial Subscription Term or any Renewal Period, in which case this agreement shall terminate upon the expiry of the applicable Initial Subscription Term or Renewal Period; or
(b) otherwise terminated earlier in accordance with the provisions of this Agreementagreement; and the Initial Subscription Term together with any subsequent Renewal Periods shall constitute the
12.2 Without affecting any other right or remedy available to it, until Completion, when this Agreement shall automatically expire (the “Term”). Either either party may terminate this Agreement forthwith agreement with immediate effect by giving written notice to the other party written notice of immediate termination if if:
(a) the other party: party fails to pay any amount due under this agreement on the due date for payment and remains in default not less than 21 days after being notified in writing to make such payment;
(b) the other party commits a material breach of any other term of this Agreement and agreement which breach is irremediable or (if such breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and remediable) fails to remedy that breach within thirty a period of 21 days after being notified in writing to do so.
12.3 On termination of this agreement for any reason:
(30a) days of being given written notice specifying the breach all licences granted under this agreement shall immediately terminate;
(b) each party shall return and requiring its remedy; becomes insolvent or suspends, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due within the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the purpose of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect make no further use of any part equipment, property and other items (and all copies of that party’s business or assets; any event occurs, or proceeding is taken, with respect them) belonging to the other party in any jurisdiction to which it is subject that has an effect equivalent party;
(c) the Supplier may destroy or similar to otherwise dispose of any of the events mentioned Customer Data in Clauses 19.2.3 to 19.2.8 (inclusive); the other party ceases, or threatens to cease, carrying on its business. The Catapult shall also be entitled to terminate this Agreement at any time and for any reason by giving no less than thirty (30) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, possession unless the Supplier commits two (2) or more breaches of this Agreementreceives, whether or not it remedies those breaches; no later than ten days after the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights date of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: agreement, a written request for the delivery to the Customer of the then most recent back-up of the Customer Data. The Supplier shall immediately cease all further performance of use reasonable commercial endeavours to deliver the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services back-up to the Catapult; Customer within 30 days of its receipt of such a written request, provided that the Supplier shall immediately cease Customer has, at that time, paid all use of the Intellectual Property Rights relating to the Services fees and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of charges outstanding at and resulting from termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as due at the date of such termination (including termination). The Customer shall pay all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually expenses incurred by the Supplier in providing such assistance. If returning or disposing of Customer Data; and
(d) any rights, remedies, obligations or liabilities of the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) parties that have been incurred by the Supplier prior accrued up to the date of termination; and/or (ii) which , including the Supplier has committed right to pay to a third party claim damages in connection with the provision respect of any breach of the Services under a binding agreement entered into prior to which existed at or before the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason, shall not affect the accrued rights be affected or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effectprejudiced.
Appears in 1 contract
Sources: Terms and Conditions
Term and Termination. 15.1 This Agreement shall come into force commence on the Commencement Date and shall continue in full force and effectand, unless terminated earlier in accordance with the termination provisions of under this Agreement, shall continue in full force and effect until Completioneither Party gives to the other Party not less than 30 days’ written notice to terminate to take effect not earlier than:
15.1.1 if you are paying the Fees on a monthly basis, when this Agreement shall automatically expire (at the “Term”). Either party end of current subscription month; and
15.1.2 if you are paying the Fees on an annual basis, at the end of the current subscription year.
15.2 Without affecting any other right or remedy available to it, either Party may terminate this Agreement forthwith with immediate effect by giving written notice to the other party written notice of immediate termination if Party if:
15.2.1 the other party: commits a material breach of this Agreement and such breach is not capable of remedy; Party commits a material breach of this Agreement which breach is capable of remedy and irremediable or (if such breach is remediable) fails to remedy that breach within thirty (30) a period of seven days of after being given written notified in writing to do so; or
15.2.2 the other Party gives notice specifying the breach and requiring its remedy; becomes insolvent or suspends, or threatens to suspend, payment any of its debts creditors that it has suspended or is about to suspend payment or if it shall be unable to pay its debts as they fall due within the meaning of section Section 123 of the Insolvency Act 1986; commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the purpose of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made to court, or an order made, is made or a resolution is passed for the appointment winding-up of the other Party or an administratoradministration order is made or an administrator is appointed to manage the affairs, business and property of the other Party or has notice given of intention to appoint an administrator, a receiver and/or manager or administrative receiver is appointed in respect of that party all or any part of its business the other Party’s assets or assets; givesundertaking or circumstances arise which entitle the court or a creditor to appoint a receiver and/or manager or administrative receiver or administrator or which entitle the court to make a winding-up or bankruptcy order, or the holder other Party takes or suffers any similar or analogous action in consequence of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiverdebt in any jurisdiction; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to and/or
15.2.3 the other party in any jurisdiction to which it is subject that has an effect equivalent Party suspends or similar to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); the other party ceases, or threatens to suspend or cease, carrying on all or a substantial part of its business. The Catapult shall also be entitled .
15.3 Without affecting any other right or remedy available to us, we may terminate this Agreement at any time and for any reason by giving no less than thirty without Liability (30) days’ written notice subject to the Supplier. The Catapult shall also be entitled to terminate this Agreement Clause 14.2), with immediate effect by giving written notice of immediate termination to the Supplieryou, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) :
15.3.1 you challenge or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges dispute the validity of any registrations of our IPR; or
15.3.2 you purport to assign any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry your rights or termination of obligations under this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or .
15.4 On termination of this Agreement for any reason:
15.4.1 all licences and rights granted under this Agreement shall immediately terminate;
15.4.2 you shall pay to us all amounts owing under this Agreement, whether invoiced or not;
15.4.3 each Party shall return and make no further use of any equipment, property and other items (and all copies of them) belonging to the other Party; and
15.4.4 any rights, remedies, obligations or liabilities of the Parties that have accrued up to the date of termination, including the right to claim damages in respect of any breach of this Agreement which existed at or before the date of termination, shall not affect the accrued rights be affected or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effectprejudiced.
Appears in 1 contract
Sources: Terms and Conditions
Term and Termination. 13.1 This Agreement shall come into force agreement shall, unless otherwise terminated as provided in this clause 13, commence on the Commencement Effective Date and shall continue for the Initial Subscription Term of twelve (12) months and, thereafter, this agreement shall be automatically renewed for successive periods of twelve (12) months (each a Renewal Period), unless:
(a) The Customer fails to make payment for a Paid Version, in full force and effectwhich case this Agreement shall continue, unless otherwise terminated, on the terms applicable to a Basic Version;
(b) the section or account is deleted/closed or the Customer otherwise terminates the agreement or downgrades from the Paid Version to the Basic Version; or
(c) otherwise terminated earlier in accordance with the provisions of this Agreementagreement; and the Initial Subscription Term together with any subsequent Renewal Periods shall constitute the Subscription Term.
13.2 Notwithstanding clause 13.1 above, until CompletionOYM may, when in its absolute discretion, upon specific request from the Customer, allow the Customer to terminate the agreement within the first thirty (30) days of commencement of the agreement for any Paid Version and may allow the Customer either to continue to use the Basic Version, or permit termination of the agreement. In this Agreement shall automatically expire (instance OYM may, in its absolute discretion provide a refund of any Charges paid by the “Term”). Either Customer be that pro-rata or otherwise taking into account OYM’s reasonable costs associated with such a termination.
13.3 Without affecting any other right or remedy available to it, either party may terminate this Agreement forthwith agreement with immediate effect by giving written notice to the other party written notice of immediate termination if if:
(a) the other party: party commits a material breach of any other term of this Agreement and agreement which breach is irremediable or (if such breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and remediable) fails to remedy that breach within thirty a period of 45 days after being notified in writing to do so;
(30b) days of being given written notice specifying the breach and requiring its remedy; becomes insolvent or suspends, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due within the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the purpose of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar to repeatedly breaches any of the events mentioned terms of this agreement in Clauses 19.2.3 such a manner as to 19.2.8 (inclusive); reasonably justify the other party ceases, opinion that its conduct is inconsistent with it having the intention or threatens ability to cease, carrying on its business. The Catapult shall also be entitled to terminate this Agreement at any time and for any reason by giving no less than thirty (30) days’ written notice give effect to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches terms of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION agreement;
13.4 On expiry or termination of this Agreement: the Supplier agreement (where it does not continue under a Basic Version license) for any reason:
(a) all licences granted under this agreement shall immediately cease all further performance of terminate and the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier Customer shall immediately cease all use of the Intellectual Property Rights relating Services and/or the Documentation;
(b) each party shall return and make no further use of any Documentation and other items (and all copies of them) belonging to the Services and other party;
(c) OYM may destroy or otherwise dispose of any of the Deliverables Customer Data in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and its possession in accordance with the Catapult’s instructionsclause 4.6(c).
(d) any rights, all Confidential Information remedies, obligations or liabilities of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult parties that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior accrued up to the date of termination; and/or (ii) which , including the Supplier has committed right to pay to a third party claim damages in connection with the provision respect of any breach of the Services under a binding agreement entered into prior to which existed at or before the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason, shall not affect the accrued rights be affected or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effectprejudiced.
Appears in 1 contract
Sources: Online Youth Manager Agreement
Term and Termination. 13.1. This Agreement shall come into force on agreement will be in effect during the Commencement Date Free Subscription, and shall continue in full force thereafter will automatically be renewed for successive (and effectchargeable) periods of equal length, unless terminated earlier a party notifies the other party of its desire not to renew the Service prior to the end of the then-current subscription period in accordance with one of the provisions of this Agreementfollowing ways (all such periods are collectively, until Completion, when this Agreement shall automatically expire (the “Term”). Either If Bermad desire not to renew the Service, Bermad will send you an email notification thereof to your email address that Bermad has on record for your account. If you desire not to renew the Service you must either: (a) actively opt-out of renewal through using the relevant configuration option on your user account on the Service, or (b) send us a email notification thereof, but which will take effect only once we complete processing your request and confirm it request by return email to you.
13.2. Notwithstanding the above, either party may terminate this Agreement forthwith by giving agreement:
13.2.1. In the other party written notice event of immediate termination if the other party: commits a material breach of this Agreement and such by the other party, where the breach remains uncured for fifteen (15) days following written notice thereof from the non-breaching party to the breaching party, but if a breach is of a nature that cannot capable be cured, then the non-breaching party may terminate the Agreement immediately upon notice to the other party;
13.2.2. If the terminating party is required to do so by law;
13.2.3. If the other party becomes or is declared insolvent or bankrupt, is the subject of remedy; commits a material breach of this Agreement any proceeding related to its liquidation or insolvency (whether voluntary or involuntary) which is capable of remedy and fails to remedy that breach proceedings are not dismissed within thirty sixty (3060) days of being given written notice specifying their commencement, makes an assignment for the breach and requiring its remedy; becomes insolvent or suspendsbenefit of creditors, or threatens to suspend, payment of its debts takes or is unable subject to pay its debts as they fall due within the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors such other than for the purpose of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to the other party comparable action in any jurisdiction to which it is subject that has an effect equivalent or similar to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); the other party ceases, or threatens to cease, carrying on its businessrelevant jurisdiction.
13.3. The Catapult shall also be entitled to terminate this Agreement at any time and for any reason by giving no less than thirty (30) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or Immediately upon termination of this Agreement: :
13.3.1. Bermad may terminate Customers’ account on the Supplier Service and delete the Output Data (if stored) in its systems;
13.3.2. Customer shall immediately cease all further performance of the Services pursuant to this Agreement any and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services Service and the Deliverables in any way; the Supplier shall promptly is no longer entitled to, and Bermad will no longer provide to the Catapult Customer, any technical support or Service updates;
13.3.3. Bermad will charge Customer for all Deliverables developed or created prior to the date of termination then-outstanding Service fees (whether or not completeif any); the Supplier shall return to the Catapult, promptly and ;
13.4. Sections in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred that by the Supplier prior to the date their purpose of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason, shall not affect the accrued rights or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or nature should survive termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effectwill so survive.
Appears in 1 contract
Sources: Terms of Service
Term and Termination. 13.1 This Agreement shall come into force agreement shall, unless otherwise terminated as provided in this clause 13, commence on the Commencement Effective Date and shall continue in full force and effectfor the Initial Subscription Term and, thereafter, this agreement shall be automatically renewed for successive periods of 12 months (each a Renewal Period), unless either party notifies the other party of termination, in writing, at least 60 days before the end of the Initial Subscription Term or any Renewal Period, in which case this agreement shall terminate upon the expiry of the applicable Initial Subscription Term or Renewal Period, or otherwise terminated earlier in accordance with the provisions of this Agreementagreement (and the Initial Subscription Term together with any subsequent Renewal Periods shall constitute the Subscription Term.)
13.2 Without affecting any other right or remedy available to it, until Completion, when this Agreement shall automatically expire (the “Term”). Either either party may terminate this Agreement forthwith agreement with immediate effect by giving written notice to the other party written notice of immediate termination if if:
(a) the other party: party commits a material breach of this Agreement any term of the agreement (including failure to pay any amount due under the agreement) and (if such a breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and remediable) fails to remedy that breach within thirty (30) 10 days of that party being given written notice specifying notified in writing to do so;
(b) the breach and requiring other party takes any step or action in connection with its remedy; becomes insolvent entering administration, provisional liquidation or any composition or arrangement with its creditors (other than in relation to a solvent restructuring), being wound up (whether voluntarily or by order of the court, unless for the purpose of a solvent restructuring), having a receiver appointed to any of its assets or ceasing to carry on business or, if the step or action is taken in another jurisdiction, in connection with any analogous procedure in the relevant jurisdiction;
(c) the other party suspends, or threatens to suspend, payment of its debts or is unable ceases or threatens to pay its debts as they fall due within the meaning of section 123 of the Insolvency Act 1986; commences negotiations with cease to carry on all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the purpose of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any substantial part of its business business; or
(d) the other party's financial position deteriorates to such an extent that in the terminating party's opinion the other party's capability to adequately fulfil its obligations under the Contract has been placed in jeopardy.
13.3 Termination of the agreement shall not affect any of the parties' rights, remedies, obligations or assets; givesliabilities that have accrued as at termination, or including the holder of a qualifying floating charge over the assets of that party gives, notice of an intention right to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or claim damages in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar to any breach of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); agreement which existed at or before the other party ceases, or threatens to cease, carrying on its businessdate of termination. The Catapult shall also be entitled to terminate this Agreement at any time and for any reason by giving no less than thirty (30) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights Any provision of the Catapult; and/or agreement that expressly or by implication is intended to come into or continue in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect force on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION or after termination shall remain in full force and effect.
13.4 On expiry or termination of this Agreement: the Supplier agreement for any reason:
(a) all licences granted under this agreement shall immediately cease all further performance of terminate and the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier Customer shall immediately cease all use of the Intellectual Property Rights relating Subscribed Services;
(b) each party shall return and make no further use of any equipment, property and other items (and all copies of them) belonging to the Services and other party;
(c) Davies Technology Solutions may destroy or otherwise dispose of any of the Deliverables Customer Data in any way; its possession, unless Davies Technology Solutions receives, no later than ten days after the Supplier shall promptly provide effective date of the termination of this agreement, a written request for the delivery to the Catapult all Deliverables developed or created prior Customer of the then most recent back-up of the Customer Data. Davies Technology Solutions shall use reasonable commercial endeavours to deliver the back-up to the date Customer within 30 days of its receipt of such a written request, provided that the Customer has, at that time, paid all fees and charges outstanding at and resulting from termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as due at the date of such termination (including termination). The Customer shall pay all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually expenses incurred by the Supplier ▇▇▇▇▇▇ Technology Solutions in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date returning or disposing of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason, shall not affect the accrued rights or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effectCustomer Data.
Appears in 1 contract
Sources: Saas Order Form
Term and Termination. 12.1 This Agreement shall come into force commence on the Commencement Effective Date and shall continue in full force and effect, unless terminated (subject to earlier in accordance with termination pursuant to this Clause 12) terminate automatically renew twelve (12) months after the provisions of this Agreement, until Completion, when this Agreement shall automatically expire Effective Date (the “Initial Term”). Either party may ) unless StatusCake selects in writing at least one (1) month prior to the end of the Initial Term to terminate this Agreement.
12.2 The Parties shall each have the right to terminate this Agreement forthwith by giving written notice having immediate effect if any of the following events occurs:
12.2.1 the Recruitment Business is in breach of Clause 8 of this Agreement (in which case only StatusCake shall have the right to terminate);
12.2.2 the other party written is in material breach of any of its obligations hereunder, including but without limitation the SLA, and in the case of a remediable breach fails to remedy within fifteen (15) days of receipt of a notice requiring that the breach be remedied;
12.2.3 any resolution is passed or order made for the winding-up or administration of immediate termination if the other party otherwise than for the purposes of a reconstruction or amalgamation;
12.2.4 a receiver is appointed over any of the assets of the other party or any arrangement or composition is made with the receiver appointed over any of the assets of the other party or any arrangement or composition is made with the creditors of the other party: commits a material breach of this Agreement and such breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and fails to remedy that breach within thirty (30) days of being given written notice specifying or
12.2.5 the breach and requiring its remedy; becomes insolvent or suspends, other party ceases or threatens to suspend, cease to carry on business or suspends payment of all or substantially all of its debts or is unable to pay its debts as they fall due within due.
12.3 The parties shall each have the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the purpose of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); the other party ceases, or threatens to cease, carrying on its business. The Catapult shall also be entitled right to terminate this Agreement at any time and for any reason without cause by giving no the other not less than thirty (30) days’ written notice notice.
12.4 StatusCake may, at its sole discretion, terminate the supply of a Temporary Worker immediately if, in its sole opinion, he/she proves to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier unsatisfactory to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination role.
12.5 Termination of this Agreement: the Supplier shall immediately cease all further performance of the Services Agreement pursuant to this Agreement and Clause 12 shall not thereafter hold itself out as continuing to supply the Services be without prejudice to the Catapult; the Supplier shall immediately cease all use rights of the Intellectual Property Rights relating to the Services and the Deliverables either party arising in respect of any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination breach of this Agreement for at any reason, shall not affect the accrued rights or remedies of either party existing as at the date of such expiry or time prior to termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effect.
Appears in 1 contract
Sources: Agency Services Agreement
Term and Termination. 12.1. This Agreement shall come into force commence on the Actual Live Date or the Commencement Date and shall continue in full force and effectcontinue, unless terminated earlier in accordance with these terms, for the provisions of this Agreement, until Completion, when this Agreement shall automatically expire Initial Term and any Renewal Term (the “Term”). Where any additional Services have been agreed via the Change Control process then such new Services will commence on the date that the additional Order Form is signed and will run in conjunction with the Term as applicable.
12.2. A party may terminate the Agreement by giving the other party three (3) months’ written notice stating its wish to terminate Term.
12.3. Either party may terminate this Agreement forthwith immediately by giving written notice to the other party written notice of immediate termination if the other party: (i) commits a any material breach of this Agreement and (if the breach can be remedied) it fails to remedy the breach within 30 days of such breach is not capable of remedynotice; or (ii) commits a material breach of this Agreement which is not capable of remedy and fails being remedied.
12.4. Without limitation, any failure by the Customer to remedy that pay the Fees when required will be a material breach within thirty (30) days of being given written notice specifying this Agreement.
12.5. Failure to supply the AML information required by PAYPLUS to carry out the necessary checks, will result in a material breach and requiring its remedy; becomes insolvent or suspendsof this Agreement
12.6. Either party may terminate this Agreement immediately if the other party ceases carrying on business in the normal course, or threatens to suspend, payment calls a meeting of its debts creditors or makes a proposal for a voluntary arrangement within the meaning of Part 1 of the Insolvency Act 1986 or for any other composition or scheme of arrangement with (or assignment for the benefit of) its creditors, or is unable to pay its debts as they fall due within the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes if a proposal trustee, receiver, administrative receiver or other similar officer is appointed or a meeting is convened for or enters into any compromise or arrangement with the purpose of considering a resolution for its creditors winding up (other than for the purpose of a bona fide scheme for a of solvent amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution is passedreconstruction), or order made, for or in connection with it is the winding up subject of that party; has an application made to courtadministration order, or is subject to any equivalent process or proceedings in any jurisdiction anywhere in the world.
12.7. Except where PAYPLUS has terminated this agreement under clauses 12.2 to 12.4, PAYPLUS shall provide the Customer, in an order madePAYPLUS standard format, for such assistance as the appointment Customer may reasonably require, to facilitate the orderly transfer of an administratorservices similar to the Services to the Customer or to another supplier.
12.8. On Termination, or has notice given of intention to appoint an administratorPAYPLUS will either (a) if so, requested by the Customer return in PAYPLUS standard format the Customer Data in its possession in respect of that party or any part the period of its business or assets; gives, or 3 years before Termination at no charge (subject to payment of all Fees current at the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar to any date of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusiverequest); or (b) if not so requested by the other party ceasesCustomer within 30 days from Termination, or threatens destroy any Customer Data in its possession.
12.9. If the Customer requires any services from PAYPLUS after the date of Termination, PAYPLUS may at its discretion agree to cease, carrying provide such services on its business. The Catapult shall also be entitled to terminate this Agreement at any a time and materials basis.
12.10. In the event of early Termination by the Customer, except under clause 12.6 or for any reason by giving no less than thirty (30) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches PAYPLUS’s material breach of this Agreement, whether or not it remedies those breaches; PAYPLUS will charge the provisions Customer a Termination Fee for each payroll terminated. The Termination Fee will be calculated by multiplying the number of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or months left in the reasonable opinion of Initial Term or Renewal Term (as applicable) by the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials last Recurring Monthly Fee charged to the Catapult as a Pass-Through Cost, that Customer. Termination Fees are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason, shall not affect the accrued rights or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effectpayable on demand.
Appears in 1 contract
Sources: Payroll Processing Agreement
Term and Termination. 14.1 This Agreement and any Appendix shall come into force on be effective when (i) signed by an Authorized Representative of ▇▇▇▇▇▇▇▇ and accepted by the Commencement Date Bank, and (ii) Customer delivers to the Bank all documents and information, including any Setup Form(s) and electronic data reasonably required by the Bank prior to commencing to provide the Service(s). The Bank will determine the adequacy of such documentation and information in its sole discretion and may refuse to provide any Services to Customer until adequate documentation and information are provided.
14.2 This Agreement and/or any Appendix shall continue in full force and effecteffect until terminated by either party with ten (10) Calendar Days' prior written notice to the other, unless terminated earlier provided that Customer may terminate this Agreement or any Appendix immediately upon its receipt of notice from the Bank of a change in or amendment of the provisions of this Agreement, the Services or any Appendix that is not acceptable to Customer, in accordance with Section 20 of this Agreement. Either party may terminate an Appendix in accordance with the provisions of this Agreement, until Completion, when Section without terminating either this Agreement shall automatically expire (the “Term”)or any other Appendix. Either party may terminate this Agreement forthwith by giving the other party written notice of immediate Upon termination if the other party: commits a material breach of this Agreement and such breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and fails to remedy that breach within thirty (30) days of being given written notice specifying the breach and requiring its remedy; becomes insolvent or suspends, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due within the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all or any class of Appendix, Customer shall, at its creditors with a view expense, return to rescheduling any of its debtsthe Bank, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for in the purpose of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filedsame condition as when delivered to Customer, notice is givennormal wear and tear expected, resolution is passed, or order made, for or all property belonging to the Bank and all proprietary material delivered to Customer in connection with the winding up terminated Service(s).
14.3 If an Appendix is terminated in accordance with this Agreement, Customer must contact the Bank as set forth in Section 26 of that party; has an application made to court, or an order made, this Agreement for instructions regarding the appointment cancellation of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); the other party ceases, or threatens to cease, carrying on its businessall future-dated payments and transfers. The Catapult shall also Bank may continue to make payments and transfers and to perform other Services that Customer has previously authorized or may subsequently authorize; however, the Bank is not under any obligation to do so. The Bank will not be entitled liable if it chooses to make any payment or transfer or to perform any other Services that Customer has previously authorized or subsequently authorizes after an Appendix had terminated.
14.4 Notwithstanding the foregoing, the Bank may, without prior notice, terminate this Agreement at and/or terminate or suspend any time and for Service(s) provided to Customer pursuant hereto (i) if Customer or the Bank closes any reason by giving no less than thirty Account established in connection with the Services; (30ii) days’ written notice if the Bank determines that Customer has failed to maintain a financial condition deemed reasonably satisfactory to the Supplier. The Catapult shall also be entitled Bank to terminate this Agreement by giving written notice of immediate termination minimize any credit or other risks to the SupplierBank in providing Services to Customer, if: including but not limited to the commencement of a voluntary or involuntary proceeding under the United States Bankruptcy Code or other statute or regulation relating to bankruptcy or relief of debtors; (iii) in the event of a material breach, default in the performance or observance of any 12 term, or material breach of any representation, covenant or warranty by Customer; (twelveiv) month period during in the Termevent of default by Customer in the payment of any sum owed by Customer to the Bank hereunder or under any note or other agreement; (v) if there has been a seizure, attachment or garnishment of Customer's Account(s), assets or properties; (vi) if the Supplier commits two Bank believes immediate action is necessary for the security of the Bank or Customer funds; (2vii) in the event of termination of a third party contract by Customer or the Bank which is necessary for the performance of one or more breaches Services; or (viii) if the Bank reasonably believes that the continued provision of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and Service(s) in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination terms of this Agreement for or any reasonAppendix would violate federal, state or local laws or regulations or would subject the Bank to unacceptable risk of loss. In the event of any termination hereunder, all Service Fees due to the Bank under this Agreement as of the time of termination shall not affect the accrued rights or remedies of either party existing as at the date of such expiry or terminationbecome immediately due and payable. Notwithstanding expiry or termination of any termination, this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) Agreement shall continue remain in full force and effecteffect with respect to all transactions initiated prior to such termination.
Appears in 1 contract
Term and Termination. 14.1 This Agreement agreement shall come into force commence on the Commencement Date and shall continue in full force and effect, unless Effective Date. Unless terminated earlier in accordance with this clause 14, this agreement shall continue in force for the provisions of this Agreement, until Completion, when this Agreement Initial Term and shall automatically expire extend for successive 12- month periods (Extended Term) at the “end of the Initial Term and at the end of each Extended Term”). Either A party may give written notice to the other party, not later than 90 days before the end of the Initial Term (termination occurring at the end of the Initial Term) or the relevant Extended Term, to terminate this agreement at the end of the Initial Term or the relevant Extended Term, as the case may be.
14.2 Without prejudice to any rights that have accrued under this agreement or any of its rights or remedies, the Customer may terminate this agreement on giving not less than 90 days' written notice to the Supplier, provided that on any such termination it shall, without prejudice to any accrued rights or obligations as at that time, be obliged to pay termination compensation to the Supplier up to and including the end of the Initial Term or the relevant Extended Term, as applicable.
14.3 Without prejudice to any other right or remedy available to it, either party may terminate this Agreement forthwith agreement with immediate effect by giving written notice to the other party written notice of immediate termination if if:
(a) the other party: party fails to pay any amount due under this agreement on the due date for payment and remains in default not less than 15 days after being notified to make such payment;
(b) the other party commits a material breach of any term of this Agreement agreement and (if such breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and remediable) fails to remedy that breach within thirty a period of 30 days after being notified in writing to do so;
(30c) days the other party breaches any of being given written notice specifying the breach and requiring its remedy; becomes insolvent or terms of clause 12;
(d) the other party suspends, or threatens to suspend, payment of its debts debts, or is unable to pay its debts as they fall due or admits inability to pay its debts, or is deemed unable to pay its debts within the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the purpose of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has ▇▇▇ ▇▇▇▇;
(e) an application is made to court, or an order is made, for the appointment of an administrator, or has a notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; givesadministrator is given, or the holder of a qualifying floating charge an administrator is appointed, over the assets of that other party.
14.4 The party gives, notice of an intention to appoint an administrative receiver; has not affected by a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); the other party ceases, or threatens to cease, carrying on its business. The Catapult shall also be entitled to continuing Force Majeure Event may terminate this Agreement at any time agreement in accordance with clause 15.1.
14.5 Any provision of this agreement which expressly or by implication is intended to come into or continue in force on or after expiry or termination of this agreement shall remain in full force and effect.
14.6 Expiry or termination of this agreement for any reason by giving no less than thirty (30) days’ written notice to shall not affect the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplieraccrued rights, if: in any 12 (twelve) month period during the Termremedies, the Supplier commits two (2) obligations or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights liabilities of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION parties existing at expiry or termination.
14.7 On expiry or termination of this Agreement: agreement for any reason:
(a) the Supplier shall immediately cease all further performance provision of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Managed Services and the Deliverables in any wayMaintenance Services (if applicable); the Supplier shall promptly provide and
(b) all Fees due and outstanding up to the Catapult all Deliverables developed or created prior to and including the date of termination shall become immediately payable.
14.8 If a party is required by any law, regulation, or government or regulatory body (whether Regulatory Requirement) to retain any documents or not complete); materials, it shall notify the Supplier shall return to the Catapultother party in writing of such retention, promptly and in accordance with the Catapult’s instructions, all Confidential Information giving details of the Catapult and all In-put Material in the Supplier’s possession documents or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult materials that it has done so; the Supplier must retain. Clause 12 shall deliver continue to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance apply to any third party such retained documents and materials for as the Catapult reasonably requests or requires long as any such requirement continues in force, subject to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred any disclosure mandated by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason, shall not affect the accrued rights or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effectRegulatory Requirement.
Appears in 1 contract
Sources: Cwcare Services Agreement
Term and Termination. 14.1 This Agreement shall come into force on become effective as of the Commencement Effective Date and shall continue remain in full force with respect to each Product for a period of [***] ([***]) years on the Effective Date. Unless terminated by either party by written notice to the other at least ninety (90) days before the end of the initial term, this Agreement shall be automatically extended for consecutive period of two (2) years subject to ninety (90) days written notice of termination, to be effective on the then scheduled date of termination.
14.2 Either of the parties hereto shall have the right without prejudice to any rights exercisable, damages accrued or claims for damage or other relief, to terminate this Agreement forthwith for cause by written notice to the other party in case any of the following events occur to the other party:
14.2.1 if a party becomes insolvent, is adjudged bankrupt, applies for judicial or extra judicial settlement with its creditors, makes an assignment for the benefit of its creditors, voluntarily files for bankruptcy or has a receiver or trustee (or the like) in subject of liquidation or dissolution or involuntary bankruptcy proceedings or otherwise discontinues business:
14.2.2 if either of the parties breaches any of the material terms or conditions of this Agreement and effectthe defaulting party shall fail to fully cure such breach within a reasonable period of time, unless terminated earlier and in any event within sixty (60) days, of receipt of written notice from the party asserting the breach;
14.3 Teva shall be entitled to terminate this Agreement by sending fourteen days notice to Galena if Galena shall come under the direct or indirect or de facto direction or control of any individual, firm or company which does not control it on the Effective Date and by virtue of such change of control Galena and/or its successor becomes a direct competitor of Teva and/or it raises a legal or other conflict of interest for Teva, as it shall may reasonably assert.Upon termination of this Agreement Galena shall allow Teva to sell its remaining stock of the Product in accordance with the provisions of this Agreement, until Completion, when this Agreement .
14.4 Galena shall automatically expire (the “Term”). Either party may terminate this Agreement forthwith by giving the other party written notice of immediate termination if the other party: commits a material breach of this Agreement and such breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and fails to remedy that breach within thirty (30) days of being given written notice specifying the breach and requiring its remedy; becomes insolvent or suspends, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due within the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the purpose of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); the other party ceases, or threatens to cease, carrying on its business. The Catapult shall also be entitled to terminate this Agreement at any time and for any reason by giving no less than thirty (30) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written sending fourteen days notice of immediate termination to Teva if Teva shall come under the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) direct or more breaches of this Agreement, whether indirect or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity de facto direction or control of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs individual, firm or company which would have a materially adverse effect does not control it on the ability Effective Date and by virtue of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry such change of control Teva and/or its successor becomes a direct competitor of Galena and/or it raises a legal or other conflict of interest for Galena, as it shall may reasonably assert.Upon termination of this Agreement: the Supplier Agreement Galena shall immediately cease all further performance allow Teva to sell its remaining stock of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and Product in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason, shall not affect the accrued rights or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination provisions of this Agreement.
14.5 In the event of a termination pursuant to clause 14.2 during the first four years of the Agremeent, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) Galena shall continue in full force and effect.reimburse Teva with any amount paid by Teva under Appendix A.
Appears in 1 contract
Sources: License and Supply Agreement (Galena Biopharma, Inc.)
Term and Termination. This 15.1 The Agreement shall come into force commence on the Commencement Effective Date and and, unless otherwise terminated, shall continue for the Initial Period and, thereafter, the Agreement shall be automatically renewed for successive Renewal Periods, unless:
a) either party notifies the other party of termination, in full force and effectwriting, unless at least sixty (60) days (or as provided in the Order Form) before the end of the Initial Period or any Renewal Period, in which case the Agreement shall terminate on the last day of such Period; or
b) otherwise terminated earlier in accordance with the provisions of this the Agreement.
15.2 Without affecting any other right or remedy available to it, until Completion, when this Agreement shall automatically expire (the “Term”). Either either party may terminate this the Agreement forthwith with immediate effect by giving written notice to the other party written notice of immediate termination if if:
a) the other party: party fails to pay any undisputed amount due under the Agreement on the due date for payment and remains in default not less than fifteen (15) days after being notified in writing to make such payment;
b) the other party commits a material breach of this any other term of the Agreement and which breach is irremediable or (if such breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and remediable) fails to remedy that breach within thirty a period of twenty-one (3021) days after being notified in writing to do so;
c) Customer’s use of being given written notice specifying the breach and requiring its remedy; becomes insolvent Products or suspendsthe Hosting Subscription Services (i) poses a security risk to the Hosting Subscription Services or any third- party, (ii) may adversely impact the Products, the Hosting Subscription Services, systems or threatens the data of any other Ibexa’s customer, (iii) may be fraudulent or (iv) expose Ibexa to suspend, material liability;
d) the other party repeatedly breaches any of the terms of the Agreement;
e) the other party suspends payment of its debts or is unable to pay its debts as they fall due within or admits inability to pay its debts or is deemed unable to pay its debts;
f) the meaning of section 123 of the Insolvency Act 1986; other party commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the purpose of a scheme for a solvent amalgamation or reconstruction of that party; has creditors;
g) a petition is filed, a notice is given, a resolution is passed, or an order is made, for or in connection with regarding the winding up of that other party; has an application made to court, or ;
h) an order made, is made for the appointment of an administratoradministrator or an administrator is appointed, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or over the holder of other party;
i) a qualifying floating charge receiver is appointed over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that other party’s business or assets; any event occurs, or proceeding is taken, with respect to ;
j) the other party in any jurisdiction to which it is subject that has an effect equivalent suspends or similar to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); the other party ceases, or threatens to suspend or cease, carrying on all or a substantial part of its business. The Catapult shall also be entitled to terminate this Agreement at ; or
k) ▇▇▇▇▇’s relationship with any time and for any reason by giving no less than thirty (30) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all Inthird-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult party vendor that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier provides material technology Ibexa utilizes in providing such assistance. If the Catapult Hosting Subscription Service terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to Ibexa cannot secure comparable services at a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason, shall not affect the accrued rights or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effectcomparable cost.
Appears in 1 contract
Term and Termination. 13.1 This Agreement shall come into force agreement shall, unless otherwise terminated as provided in this 13, commence on the Commencement Effective Date and shall continue for the Initial Subscription Term and, thereafter, this agreement shall be automatically renewed for successive periods of 12 months (each a Renewal Period), unless:
(a) either party notifies the other party of termination, in full force and effectwriting, unless at least 30 days before the end of the Initial Subscription Term or any Renewal Period, in which case this agreement shall terminate upon the expiry of the applicable Initial Subscription Term or Renewal Period; or
(b) otherwise terminated earlier in accordance with the provisions of this Agreementagreement; and the Initial Subscription Term together with any subsequent Renewal Periods shall constitute the Subscription Term.
13.2 Without affecting any other right or remedy available to it, until Completion, when this Agreement shall automatically expire (the “Term”). Either either party may terminate this Agreement forthwith agreement with immediate effect by giving written notice to the other party written notice of immediate termination if if:
(a) the other party: party fails to pay any amount due under this agreement on the due date for payment and remains in default not less than 14 days after being notified in writing to make such payment;
(b) the other party commits a material breach of any other term of this Agreement agreement and (if such breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and remediable) fails to remedy that breach within thirty a period of 14 days after being notified in writing to do so;
(30c) days of being given written notice specifying the breach and requiring its remedy; becomes insolvent or other party suspends, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due or admits inability to pay its debts or is deemed unable to pay its debts within the meaning of section 123 of the Insolvency Act 1986; ;
(d) the other party commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the sole purpose of a scheme for a solvent amalgamation of that other party with one or more other companies or the solvent reconstruction of that other party; has ;
(e) the other party applies to court for, or obtains, a moratorium under Part A1 of the Insolvency Act 1986;
(f) a petition is filed, a notice is given, a resolution is passed, or an order is made, for or in connection with the winding up of that other party other than for the sole purpose of a scheme for a solvent amalgamation of that other party with one or more other companies or the solvent reconstruction of that other party; has ;
(g) an application is made to court, or an order is made, for the appointment of an administrator, or has if a notice given of intention to appoint an administratoradministrator is given or if an administrator is appointed, in respect of that over the other party (being a company, partnership or any part of its business or assets; gives, or limited liability partnership);
(h) the holder of a qualifying floating charge over the assets of that other party gives, notice of an intention (being a company or limited liability partnership) has become entitled to appoint or has appointed an administrative receiver; has ;
(i) a liquidator, receiver, administrator person becomes entitled to appoint a receiver over the assets of the other party or administrative a receiver is appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); the other party ceases, or threatens to cease, carrying on its business. The Catapult shall also be entitled to terminate this Agreement at any time and for any reason by giving no less than thirty (30) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason, shall not affect the accrued rights or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effect.party;
Appears in 1 contract
Term and Termination. (a) The initial term of this Agreement shall begin on the [***] and end on the [***] of the [***]. This Agreement shall come into force on the Commencement Date and shall continue in full force and effectautomatically renew for [***] provided, unless terminated earlier in accordance with the provisions of this Agreementhowever, until Completion, when this Agreement shall automatically expire (the “Term”). Either that either party may terminate this Agreement forthwith by giving delivering to the other party written notice of immediate termination at [***] to the end of the then current term. This Agreement may also be terminated (i) by Wachovia upon [***] if [***] in the [***] of any [***], (ii) by either party if the other party: commits party breaches a material breach of obligation under this Agreement and such breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and other party fails to remedy that breach substantially cure such default within thirty [***] of the [***] or, for [***] of [***] to [***], (30iii) days of being given written notice specifying by either party if the breach and requiring its remedy; other party becomes insolvent or suspends, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due within the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than an assignment for the purpose benefit of a scheme for a solvent amalgamation creditors, voluntary or reconstruction of that party; has a petition filed, notice is given, resolution is passed, proceedings are instituted under any bankruptcy or order made, for or in connection with the winding up of that party; has an application made to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to insolvency law against the other party or a receiver or custodian is appointed for the other party, or (iv) by Client for [***]. Notwithstanding anything in this Agreement to the contrary, Wachovia shall be permitted to immediately suspend the provision of any jurisdiction to which it is subject that has an effect equivalent portion or similar to any all of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); the other party ceasesServices, or threatens to cease, carrying on its business. The Catapult shall also be entitled to terminate this Agreement at any time and for any reason by giving no less than thirty (30) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult if Wachovia reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses whichdetermines that: (i) have been incurred by Client or one of Client’s customers is using the Supplier prior to the date of terminationServices for an illegal purpose; and/or or (ii) continuing to provide the Services exposes Wachovia to an unreasonable reputational, legal or monetary risk for which Wachovia cannot reasonably expect to be indemnified by Client.
(b) Upon termination, Wachovia shall continue to provide services at the Supplier has committed to pay to levels stated herein through the notice period. The Parties shall joint develop a third party in connection with the provision commercially reasonable exit plan for an orderly transition of the Services under to a binding agreement entered into prior new provider, Wachovia shall provide commercially reasonable assistance and cooperation in order to avoid any interruption in services during the transition to a new provider. Upon the termination of Services each party will certify to the date other that all systems used to provide and monitor the Services are disconnected. In addition Wachovia shall certify that it has returned any Client data in its possession that Wachovia is capable of returning.
(c) Once the notice of termination having been given (provided period has expired, Wachovia will make available to the Client all Client data for [***] of [***] that is maintained in the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason, shall not affect the accrued rights or remedies of either party existing as Wachovia image archive at the date time of such expiry or termination. Notwithstanding expiry or termination of All Client data will be purged automatically as it expires. The Client will be required to continue to pay the monthly maintenance fee to access the Client data as described in this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effectsection.
Appears in 1 contract
Sources: Remittance Services Agreement (Dryrock Issuance Trust)
Term and Termination. This Agreement 9.1 Each of the Services shall come into force on the Commencement Date continue for their respective Service Term and shall continue in full force and effect, unless terminated earlier in accordance with not be prejudiced by the provisions termination of this AgreementMaster Service Agreement for convenience pursuant to clause 9.2. In the event of termination of this Master Service Agreement pursuant to clause 9.3, until Completion, when this Agreement all Services shall automatically expire (terminate as at the “Term”). date of termination unless otherwise agreed by the parties.
9.2 Either party may terminate this Agreement forthwith Master Service Agreement, subject to the continuation of any Order Forms already in effect as at the date of termination, by giving no less than three (3) months’ prior written notice to the other.
9.3 Netitude Withhold the right to terminate any agreement within which the other party is deemed by Netitude to be acting in an unprofessional nature, or one where it is deemed by Netitude to be unsafe or untenable to continue the agreement. If such situation was to arise, the other party would still be liable to all remaining payments on the term of agreement
9.4 Without affecting any other right or remedy available to it, either party may terminate this Master Service Agreement with immediate effect by giving written notice of immediate termination if to the other party: party if:
(a) the other party commits a material breach of any other term of this Master Service Agreement and which breach is irremediable or (if such breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and remediable) fails to remedy that breach within thirty a period of 30 days after being notified in writing to do so;
(30b) days of being given written notice specifying the breach and requiring its remedy; becomes insolvent or other party suspends, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due or admits inability to pay its debts or is deemed unable to pay its debts within the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all or ▇▇▇ ▇▇▇▇;
(c) the other party makes any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or voluntary arrangement with its creditors other than or becomes subject to an administration order or serves notice of administration, or has a receiver, manager or administrative receiver appointed over its assets or has a winding‐up order made against it or shall go into liquidation (except for the purpose purposes of a scheme for a solvent amalgamation or reconstruction of and in such manner that party; has a petition filed, notice is given, resolution is passed, the resulting company effectively agrees to be bound by or order made, for or in connection with assume the winding up of that party; has an application made to court, or an order made, for obligations imposed on the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; predecessor company under this Master Service Agreement);
(d) any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusiveclause 9.3(b) or clause 9.3(c); or
(e) the other party suspends or ceases, or threatens to suspend or cease, carrying on all or a substantial part of its business. The Catapult shall also be entitled to terminate this Agreement at any time and for any reason by giving no less than thirty (30) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason, shall not affect the accrued rights or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effect.
Appears in 1 contract
Sources: Master Service Agreement
Term and Termination. 13.1 This Agreement shall come into force commence on the Service Commencement Date and shall continue in full force and effect, unless until terminated earlier in accordance with the provisions of this Agreement, until Completion, when this Agreement shall automatically expire (the “Term”). Either party clause 13.
13.2 ACCOUNTIS EUROPE LTD may terminate this Agreement forthwith by giving the other party on written notice of immediate termination to the Customer:
(a) if the other party: commits a material breach of this Agreement and such breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and Customer fails to remedy that breach pay any sum due hereunder within thirty (30) days of being given written notice specifying the due date;
(b) if the Customer commits a breach and requiring its remedy; becomes insolvent or suspends, or threatens to suspend, payment of any term of this Agreement;
(c) if the Customer shall convene a meeting of its debts creditors or is if a proposal shall be made for a voluntary arrangement within Part I of the Insolvency Act 1986 or a proposal for any other composition scheme or arrangement with (or assignment for the benefit of) its creditors or if the Customer shall be unable to pay its debts as they fall due within the meaning of section 123 of the Insolvency Act 1986; commences negotiations with 1986 or if a trustee receiver, administrative receiver or similar officer is appointed in respect of all or any class part of its creditors with the business or assets of the other or if a view to rescheduling any petition is presented or a meeting is convened for the purpose of its debts, considering a resolution or makes a proposal other steps are taken for the winding up of the other or enters into any compromise or arrangement with its creditors other for the making of an administration order (otherwise than for the purpose of a scheme for a solvent an amalgamation or reconstruction reconstruction).
13.3 At the end of that party; has a petition filedthe Term, notice is given, resolution is passed, or order made, for or in connection with the winding up this Agreement will automatically terminate.
13.4 Any termination of that party; has an application made this Agreement pursuant to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar this clause 13 shall be without prejudice to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); the other rights or remedies a party ceases, or threatens to cease, carrying on its business. The Catapult shall also may be entitled to terminate this Agreement hereunder or at any time and for any reason by giving no less than thirty (30) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement law and shall not thereafter hold itself out as continuing affect any accrued rights or liabilities of either party nor the coming into or continuance in force of any provision hereof which is expressly or by implication intended to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables come into or continue in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed force on or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of after such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or .
13.5 On termination of this Agreement for any reason, :
(a) Each Party shall not affect immediately pay to the accrued rights or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of other all amounts due under this Agreement, ;
(b) ACCOUNTIS EUROPE LTD shall have no continuing obligation to provide the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effect.Services; and
Appears in 1 contract
Sources: Customer Agreement
Term and Termination. 2.1. This Agreement shall come enter into force on the Commencement Date and shall continue in full force unless and effect, unless until terminated earlier in accordance either by agreement with the provisions of this Agreement, until Completion, when this Agreement shall automatically expire ComReg or by either Party giving not less than three (the “Term”)3) months written notice.
2.2. Either party may terminate this Agreement forthwith by giving the other party Party may, upon written notice of immediate termination to the other, terminate the Agreement in the following circumstances:
(a) forthwith upon notice in writing, if the other party: commits a material breach Party becomes unable to pay its debts or has an examiner or receiver appointed over the whole or any part of this Agreement and such breach is not capable its assets or goes into liquidation (whether compulsory or voluntary) otherwise than for the purposes of remedy; commits a material breach amalgamation or reconstruction or shall make any agreement with its creditors or have any form of this Agreement which is capable execution or distress levied upon its assets or cease to carry on business;
(b) the expiry of remedy and fails to remedy that breach within thirty (30) days from the date of being given a written notice from one Party specifying a breach by the other Party of a material obligation and requiring that the breach and requiring its is remedied (if capable of remedy; becomes insolvent or suspends), or threatens to suspend, payment provided that the breach is not remedied during such period;
(c) the expiry of its debts or is unable to pay its debts as they fall due within either Party’s authorisation under the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all or any class of its creditors with Authorisation Scheme.
2.3. If either Party delays in acting upon a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the purpose of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); the other party ceases, or threatens to cease, carrying on its business. The Catapult shall also be entitled to terminate this Agreement at any time and for any reason by giving no less than thirty (30) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches breach of this Agreement, whether or that delay will not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights be regarded as a waiver of the Catapult; and/or in the reasonable opinion breach. If either Party waives a breach of this Agreement that waiver is limited to that particular breach.
2.4. Notwithstanding any other provision of the Catapult any event occurs which would have Agreement, if Operator fails to pay a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and net balance due in accordance with the Catapult’s instructions, all Confidential Information terms and conditions of the Catapult Agreement, Voxbone reserves the right forthwith upon notice in writing (such notice to be no less than fourteen (14) days advance notice) to:
(a) restrict or suspend the Service and Voxbone shall be released from its obligation under this Agreement until any balance due is paid; and/or
(b) handle only calls that are billed to its own Customers, retain all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same)revenue, and shall certify in writing to the Catapult that it continue such practice until payment of any outstanding balance due has done sobeen paid by Operator; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services and/or
(or part of themc) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates terminate this Agreement in accordance with Clause 19.3, without liability or right to compensation for the Catapult shall reimburse to Operator.
2.5. Upon the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason, shall not affect the accrued rights or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, Voxbone shall refund to the provisions Operator a fair and equitable proportion of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 those sums paid to Voxbone under this Agreement which are periodic in nature and 20 have been paid for a period extending beyond the date of termination in order to 31 (inclusive) shall continue in full force and effectbalance any overpayment.
Appears in 1 contract
Sources: Reference Interconnect Offer (Rio)
Term and Termination. This Agreement shall come into force on the Commencement Date and shall continue in full force and effect, unless a. Unless sooner terminated earlier in accordance with the provisions of this Agreement, until Completion, when this Agreement shall remain in effect for an initial term of forty (40) years after the ---------------------------------------------------------------------------- Mutual Health Systems, Inc. - Support Services Agreement 15 Effective Date. Following the initial term, this agreement shall be automatically expire renewed for successive ten (10) year renewal terms unless more than 180 days prior to the “Term”). Either end of the initial term or any renewal term either party may terminate this Agreement forthwith by giving the other party written gives notice of immediate termination if termination.
b. This Agreement may be terminated by any of the other party: commits following:
i. In the event of a material breach of this Agreement and by either party, the other party shall have the right to cancel this Agreement by service of written notice upon the defaulting party (the "Default Notice"). In the event such breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and fails to remedy that breach cured within thirty (30) days after service of being given the Default Notice, this Agreement shall immediately terminate at the election of the non-defaulting party upon the giving of a written notice specifying the breach and requiring its remedy; becomes insolvent or suspends, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due within the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the purpose of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect termination to the other defaulting party in any jurisdiction to which it is subject that has an effect equivalent or similar to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); the other party ceases, or threatens to cease, carrying on its business. The Catapult shall also be entitled to terminate this Agreement at any time and for any reason by giving no less later than thirty (30) days’ days after the giving of the Default Notice, unless such breach cannot be cured within thirty (30) days and the defaulting party gives timely notice to the other party to such effect and promptly undertakes appropriate steps to effect such cure and pursues such action to conclusion.
ii. MHS may terminate this Agreement upon one (1) day's notice in the event of the dissolution or liquidation of the Group.
iii. Upon institution of any voluntary or involuntary bankruptcy, reorganization, insolvency or receivership proceedings, or any assignment for the benefit of creditors, the other party may immediately terminate this Agreement on written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: party involved in such proceedings.
c. Upon any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason, shall not affect the accrued rights or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, it is understood and agreed that the provisions right of Clauses 1Group to occupy the Clinics and to use and possession of the furniture, 8fixtures, 10furnishings, 11equipment and leasehold improvements shall terminate, 12and Group shall immediately vacate and surrender possession to MHS of the Clinics, 13furniture, 14fixtures, 15furnishings, 17equipment and leasehold improvements as well as all other materials and supplies then located in or upon the premises of such Clinics. The various rights and remedies herein provided shall be cumulative and in addition to any other rights and remedies the parties may be entitled to pursue under the law. The exercise of one or more of such rights or remedies shall ---------------------------------------------------------------------------- Mutual Health Systems, 18 Inc. - Support Services Agreement 16 not impair the rights of either party to exercise any other right or remedy at law or in equity. Termination of the Agreement shall not release or discharge either party from any obligation, debt or liability which shall have previously accrued and 20 remain to 31 (inclusive) shall continue in full force and effectbe performed upon the date of termination.
Appears in 1 contract
Sources: Support Services Agreement (Mutual Health Systems Inc)
Term and Termination. 13.1. This Agreement shall come into force shall, unless otherwise terminated as provided in this clause 13, commence on the Commencement Effective Date and shall continue for the Term as specified in full force and effectthe applicable Order Form and, unless thereafter, this Agreement shall be automatically renewed for successive periods of twelve (12) months (each a “Renewal Period”), unless:
(a) either party notifies the other party of termination, in writing, at least ninety (90) days before the end of the Initial Term or any Renewal Period, in which case this Agreement shall terminate upon the expiry of the applicable Initial Term or Renewal Period; or
(b) otherwise terminated earlier in accordance with the provisions of this Agreement; and the Initial Term together with any subsequent Renewal Periods shall constitute the
13.2. Without affecting any other right or remedy available to it, until Completion, when Fuse may suspend this Agreement (in whole or in part) and any Customers’ account or Users’ right to access and use the Platform with immediate effect by giving written notice, if the Customer:
(a) fails to pay any amount due under the Agreement on the due date for payment and remains in default not less than thirty (30) days after being notified in writing to make such payment;
(b) is in material or persistent breach of any terms of the Agreement, or in Fuse’s reasonable determination the Customer is suspected of being in material breach of the terms of this Agreement; or
(c) is in breach of applicable laws; and for the purposes of clause 13.3(b) the parties acknowledge, without limitation, that any breach of clause 9 will be a material breach of this Agreement. The parties agree that any suspension under this clause 13.3 shall automatically expire (continue until Causaly notifies the “Term”)Client in writing that the relevant suspension has been unsuspended, or, alternatively, that the Agreement shall be terminated in accordance with its terms.
13.3. Either Without affecting any other right or remedy available to it, either party may terminate this Agreement forthwith with immediate effect by giving written notice to the other party written notice of immediate termination if if:
(a) the other party: party commits a material breach or persistent breach of any of the terms of this Agreement and that breach is irremediable or (if such breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and remediable) fails to remedy that breach within a period of thirty (30) days of after being given written notice specifying notified in writing to do so;
(b) the breach other party fails to pay any amount due under the Agreement on the due date for payment and requiring its remedy; becomes insolvent or remains in default not less than thirty (30) days after being notified in writing to make such payment;
(c) the other party suspends, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due within or admits inability to pay its debts or is deemed unable to pay its debts upon the meaning institution of section 123 of insolvency proceedings;
(d) the Insolvency Act 1986; other party commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the sole purpose of a scheme for a solvent amalgamation of that other party with one or more other companies or the solvent reconstruction of that other party; has ;
(e) a petition is filed, a notice is given, a resolution is passed, or an order is made, for or in connection with the winding up of that other party other than for the sole purpose of a scheme for a solvent amalgamation of that other party with one or more other companies or the solvent reconstruction of that other party; has ;
(f) an application is made to court, or an order is made, for the appointment of an administrator, or has if a notice given of intention to appoint an administratoradministrator is given or if an administrator is appointed, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiverother party; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to or
(g) the other party in any jurisdiction to which it is subject that has an effect equivalent suspends or similar to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); the other party ceases, or threatens to suspend or cease, carrying on all or a substantial part of its business.
13.4. The Catapult shall also be entitled to terminate this Agreement at any time and for any reason by giving no less than thirty (30) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier Agreement for any reason:
(a) all licences granted under this Agreement shall immediately cease all further performance of the Services pursuant to this Agreement terminate and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier Customer shall immediately cease all use of the Intellectual Property Rights relating Services;
(b) each party shall return and make no further use of any equipment, property, documentation, and other items (and all copies of them) belonging to the Services and other party;
(c) Fuse may destroy or otherwise dispose of any of Customer Data in its possession in accordance with the Deliverables in any way; DPA, unless Fuse receives, no later than ten (10) days after the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the effective date of the termination of this Agreement, a written request for the delivery to Customer of the then most recent back-up of Customer Data. Fuse shall use reasonable commercial endeavours to deliver the back-up to Customer within thirty (30) days of its receipt of such a written request, provided that Customer has, at that time, paid all fees and charges outstanding at and resulting from termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as due at the date of such termination termination). Customer shall pay all reasonable expenses incurred by Fuse in returning or disposing of Customer Data; and
(including all copies d) any rights, remedies, obligations, or liabilities of the same), and shall certify in writing to the Catapult parties that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior accrued up to the date of termination; and/or (ii) which , including the Supplier has committed right to pay to a third party claim damages in connection with the provision respect of any breach of the Services under a binding agreement entered into prior to Agreement which existed at or before the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason, shall not affect the accrued rights be affected or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effectprejudiced.
Appears in 1 contract
Sources: Master Services Agreement
Term and Termination. 4.1 This Agreement shall come into force will become effective on the Commencement Date and shall continue remain in full force unless and effect, unless until terminated earlier in accordance with the provisions of this Agreement, until Completion, when this Agreement shall automatically expire (the “Term”). .
4.2 Either party may terminate this Agreement forthwith by giving the other party three months’ written notice that it intends to do so. Such termination will be become effective upon the completion of immediate this notice period.
4.3 Upon termination, neither party will be released from any rights, obligations or liabilities which arose prior to the termination if the other party: commits a material breach of this Agreement and would survive such breach is not capable of remedy; commits termination by express or implied means.
4.4 This Agreement may be terminated by one party with immediate effect where the other party:
(i) Makes a material breach of this Agreement which is capable of remedy and fails UK voluntary arrangement with its creditors
(ii) Has an administrator appointed or becomes subject to remedy that breach within thirty an administration order
(30iii) days of being given written notice specifying the breach and requiring its remedy; becomes insolvent or suspends, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due within the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all or any class of its creditors with Has a view to rescheduling receiver appointed over any of its debts, property or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the purpose of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made to courtassets, or an order madeencumbrance-related possession takes place
(iv) Goes into any form of liquidation, for the appointment of an administrator, or
(v) Takes or has notice given of intention is subject to appoint an administrator, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect action similar to the other party in any jurisdiction previous four specified above at (i) to which it is subject that has an effect equivalent or similar to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusiveiv); the other party ceases, or threatens to cease, carrying on its business. The Catapult shall also be entitled to .
4.5 Turquoise may terminate this Agreement at any time and for any reason by giving no less than thirty (30) days’ written notice to immediately or suspend, with immediate effect, the Supplier. The Catapult shall also be entitled to terminate performance of its obligations under this Agreement by giving written notice without any liability whatsoever if:
(i) The Customer fails to comply with any of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) its express or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to implied obligations under this Agreement and shall does not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of remedy such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide failure within 30 calendar days after receiving written notice requiring such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or remedy
(ii) The Customer ceases to have the necessary communication facilities in place
(iii) Turquoise is directed to do so by a regulatory body with relevant authority, or
(iv) Turquoise’s authorisation to manage the relevant financial markets for which it distributes Data is terminated.
4.6 Turquoise reserves the Supplier has committed right to pay to a third party in connection with the provision suspend or terminate receipt of the Services under a binding agreement entered into prior to the date Data by any recipient of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry any type, direct or termination of indirect, whether governed by this Agreement for or not, where Turquoise reasonably believes that Data is being used in any reason, shall not affect the accrued rights or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of way prohibited by this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effect.
Appears in 1 contract
Sources: Information License Agreement
Term and Termination. 4.1 This Agreement shall come into force will become effective on the Commencement Date and shall continue remain in full force unless and effect, unless until terminated earlier in accordance with the provisions of this Agreement, until Completion, when this Agreement shall automatically expire (the “Term”). .
4.2 Either party may terminate this Agreement forthwith by giving the other party three months‟ written notice that it intends to do so. Such termination will be become effective on upon the completion of immediate this notice period.
4.3 Upon termination, neither party will be released from any rights, obligations or liabilities which arose prior to the termination if the other party: commits a material breach of this Agreement and would survive such breach is not capable of remedy; commits termination by express or implied means.
4.4 This Agreement may be terminated by one party with immediate effect where the other party:
(i) makes a material breach of this Agreement which is capable of remedy and fails UK voluntary arrangement with its creditors;
(ii) has an administrator appointed or becomes subject to remedy that breach within thirty an administration order;
(30iii) days of being given written notice specifying the breach and requiring its remedy; becomes insolvent or suspends, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due within the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all or any class of its creditors with has a view to rescheduling receiver appointed over any of its debts, property or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the purpose of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made to courtassets, or an order made, for the appointment encumbrance- related possession takes place;
(iv) goes into any form of an administrator, liquidation; or
(v) takes or has notice given of intention is subject to appoint an administrator, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect action similar to the other party in any jurisdiction previous four specified above at (i) to which it is subject that has an effect equivalent or similar to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusiveiv); the other party ceases, or threatens to cease, carrying on its business. The Catapult shall also be entitled to .
4.5 Turquoise may terminate this Agreement at any time and for any reason by giving no less than thirty (30) days’ written notice to immediately or suspend, with immediate effect, the Supplier. The Catapult shall also be entitled to terminate performance of its obligations under this Agreement by giving written notice without any liability whatsoever if:
(i) the Customer fails to comply with any of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) its express or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to implied obligations under this Agreement and shall does not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of remedy such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide failure within 30 calendar days after receiving written notice requiring such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or remedy;
(ii) the Customer ceases to have the necessary communication facilities in place;
(iii) Turquoise is directed to do so by a regulatory body with relevant authority; or
(iv) Turquoise‟s authorisation to manage the relevant financial markets for which it distributes Data is terminated.
4.6 Turquoise reserves the Supplier has committed right to pay to a third party in connection with the provision suspend or terminate receipt of the Services under a binding agreement entered into prior to the date Data by any recipient of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry any type, direct or termination of indirect, whether governed by this Agreement for or not, where Turquoise reasonably believes that Data is being used in any reason, shall not affect the accrued rights or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of way prohibited by this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effect.
Appears in 1 contract
Sources: Information License Agreement
Term and Termination. This 12.1 The Agreement shall come into force shall, unless otherwise terminated as provided in this condition 11.1, commence on the Commencement Effective Date and shall continue until:
(a) the Customer notifies ▇▇▇▇▇▇▇▇ by giving at least 60 days’ notice of termination, in full force and effectwriting, unless expiring on an anniversary of the Effective Date, in which case the Agreement shall terminate upon such anniversary;
(b) ▇▇▇▇▇▇▇▇ notifies the Customer by giving 60 days’ notice of termination, in writing, in which case the Agreement shall terminate upon the expiry of the notice period; or
(c) otherwise terminated earlier in accordance with the provisions of this Agreementthese terms and conditions; and the period from and including the Effective Date until termination shall constitute the Term.
12.2 Without affecting any other right or remedy available to it, until Completion, when this either party to the Agreement shall automatically expire (the “Term”). Either party may terminate this Agreement forthwith it with immediate effect by giving written notice to the other party written notice of immediate termination if if:
(a) the other party: party commits a material breach of this Agreement these terms and conditions which breach is irremediable or (if such breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and remediable) fails to remedy that breach within thirty a period of twenty days after being notified in writing to do so;
(30b) days the other party takes any step or action in connection with its entering administration, provisional liquidation or any composition or arrangement with its creditors (other than in relation to a solvent restructuring), being wound up (whether voluntarily or by order of being given written notice specifying the breach and requiring court, unless for the purpose of a solvent restructuring), having a receiver appointed to any of its remedy; becomes insolvent assets or ceasing to carry on business or, if the step or action is taken in another jurisdiction, in connection with any analogous procedure in the relevant jurisdiction;
(c) the other party suspends, or threatens to suspend, payment or ceases or threatens to cease to carry on all or a substantial part of its debts business;
(d) the other party applies to court for, or is unable to pay its debts as they fall due within the meaning of section 123 obtains, a moratorium under Part A1 of the Insolvency Act 1986; commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the purpose of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to or
(e) the other party party's financial position deteriorates to such an extent that in any jurisdiction to which it is subject that has an effect equivalent or similar to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); terminating party's opinion the other party ceasesparty's capability to adequately fulfil its obligations under these terms and conditions has been placed in jeopardy.
12.3 Without affecting any other right or remedy available to it, or threatens to cease, carrying on its business. The Catapult shall also be entitled to ▇▇▇▇▇▇▇▇ may terminate this Agreement at any time these terms and for any reason conditions with immediate effect by giving no less than thirty (30) days’ written notice to the Supplier. The Catapult Customer if the Customer fails to pay any amount due under the Agreement on the due date for payment and remains in default not less than 30 days after being notified in writing to make such payment.
12.4 On termination of the Agreement for any reason:
(a) all rights granted under the Agreement shall also be entitled to terminate this Agreement by giving written notice immediately terminate;
(b) each party shall return and make no further use of immediate termination any equipment, property and other items (and all copies of them) belonging to the Supplier, if: in any 12 other party;
(twelvec) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier Customer shall return to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all ▇▇▇▇▇▇▇▇ and make no further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in Documentation; and
(d) any way; the Supplier shall promptly provide to the Catapult all Deliverables developed rights, remedies, obligations or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information liabilities of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult parties that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior accrued up to the date of termination; and/or (ii) which , including the Supplier has committed right to pay to a third party claim damages in connection with the provision respect of any breach of the Services under a binding agreement entered into prior to which existed at or before the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason, shall not affect the accrued rights be affected or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effectprejudiced.
Appears in 1 contract
Sources: Terms and Conditions of Supply
Term and Termination. 15.1 This Agreement shall come into force shall, unless otherwise terminated as provided in this clause 15, commence on the Commencement Start Date and shall continue through the Initial Term and thereafter, this Agreement shall be automatically renewed for successive rolling periods of the Initial Term (each a Renewal Term), unless: (a) either party notifies the other party of termination, in full force and effectwriting, unless at least 60 days before the end of the Initial Term or 60 days before the end of any Renewal Term, in which case this Agreement shall terminate upon the expiry of the applicable Initial or Renewal Term; or (b) otherwise terminated earlier in accordance with the provisions of this Agreement.
15.2 Without affecting any other rights that it may be entitled to, until Completion, when this Agreement shall automatically expire (the “Term”). Either either party may terminate this Agreement forthwith by giving without liability to the other if: (a) the other party written notice of immediate termination if the other party: commits a material breach of any of the terms of this Agreement and (if such a breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and remediable) fails to remedy that breach within thirty (30) 30 days of being given written notice specifying the breach and requiring its remedy; becomes insolvent or suspends, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due within the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the purpose of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party being notified in writing of the breach; or (b) the other party has a receiver or administrative receiver appointed over it or over any part of its business or assets; givesassets or passes a resolution for winding up (except for the purposes of a genuine scheme of solvent amalgamation or reconstruction) or a court of competent jurisdiction makes an order to that effect, or the holder of a qualifying floating charge over the assets of that party gives, notice of becomes subject to an intention to appoint an administrative receiver; has a liquidator, receiver, administrator administration order or administrative receiver appointed over the assets or in respect of enters into any part of that party’s business or assets; any event occursvoluntary arrangement with its creditors, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); the other party ceases, ceases or threatens to cease, carrying cease or carry on its business. The Catapult shall also business.
15.3 Without affecting any other rights that it may be entitled to, e-Track may terminate the Agreement for breach if: (a) payment of any invoiced amount (except to terminate this Agreement at any time the extent such invoice is disputed in good faith) or Fee payable is overdue and for any reason by giving no less than thirty (30) days’ following notification to the Customer, the Customer does not pay the overdue amount within seven business days of a written notice to from e-Track; (b) the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to Customer breaches the Supplier, if: acceptable use policy in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION clause 6.
15.4 On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason: (a) all licences and access to the Services granted under this Agreement shall immediately terminate and the method of access supplied to the Customer will automatically expire and the Services will cease to operate immediately; and (b) e-Track may destroy or otherwise dispose of any of the Data in its possession unless e-Track receives, shall not affect no later than 10 business days after the accrued rights or remedies of either party existing as at the effective date of such expiry or termination. Notwithstanding expiry or the termination of this Agreement, a written request for the provisions delivery to the Customer of Clauses 1the then most recent back-up of the Data. This will be delivered to the Customer within 30 days of its receipt of such a written request, 8provided that the Customer has, 10at that time, 11paid all Fees and charges outstanding at and resulting from termination (whether or not due at the date of termination). The Customer shall pay all reasonable expenses incurred by e-Track in returning or disposing of the Data; and (c) the accrued rights of the parties as at termination, 12or the continuation after termination of any provision expressly stated to survive or implicitly surviving termination, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effectnot be affected or prejudiced.
Appears in 1 contract
Sources: Master Services Agreement
Term and Termination. 14.1 This Agreement shall come into force agreement shall, unless otherwise terminated as provided in this clause 14, commence on the Commencement Effective Date and shall continue for the Initial Subscription Term and, thereafter, this agreement shall be automatically renewed for successive periods of 12 months (each a
(a) either party notifies the other party of termination, in full force and effectwriting, unless at least 90 days before the end of the Initial Subscription Term or any Renewal Period, in which case this agreement shall terminate upon the expiry of the applicable Initial Subscription Term or Renewal Period; or
(b) otherwise terminated earlier in accordance with the provisions of this Agreementagreement; and the Initial Subscription Term together with any subsequent Renewal Periods shall constitute the Subscription Term.
14.2 Without affecting any other right or remedy available to it, until Completion, when this Agreement shall automatically expire (the “Term”). Either either party may terminate this Agreement forthwith agreement with immediate effect by giving written notice to the other party written notice of immediate termination if if:
(a) the other party: party fails to pay any amount due under this agreement on the due date for payment and remains in default not less than 30 days after being notified in writing to make such payment;
(b) the other party commits a material breach of any other term of this Agreement and agreement which breach is irremediable or (if such breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and remediable) fails to remedy that breach within thirty a period of 30 days after being notified in writing to do so;
(30c) days of being given written notice specifying the breach and requiring its remedy; becomes insolvent or other party suspends, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due or admits inability to pay its debts or is deemed unable to pay its debts within the meaning of section 123 of the Insolvency Act 1986; , as if the words "it is proved to the satisfaction of the court" did not appear in sections 123(1)(e) or 123(2) of the Insolvency Act 1986;
(d) the other party commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the sole purpose of a scheme for a solvent amalgamation of that other party with one or more other companies or the solvent reconstruction of that other party; has ;
(e) a petition is filed, a notice is given, a resolution is passed, or an order is made, for or in connection with the winding up of that other party other than for the sole purpose of a scheme for a solvent amalgamation of that other party with one or more other companies or the solvent reconstruction of that other party; has ;
(f) an application is made to court, or an order is made, for the appointment of an administrator, or has if a notice given of intention to appoint an administratoradministrator is given or if an administrator is appointed, in respect of that party or any part of its business or assets; gives, or over the other party;
(g) the holder of a qualifying floating charge over the assets of that other party gives, notice of an intention has become entitled to appoint or has appointed an administrative receiver; has ;
(h) a liquidator, receiver, administrator person becomes entitled to appoint a receiver over the assets of the other party or administrative a receiver is appointed over the assets of the other party;
(i) a creditor or in respect encumbrancer of the other party attaches or takes possession of, or a distress, execution, sequestration or other such process is levied or enforced on or sued against, the whole or any part of that the other party’s business 's assets and such attachment or assets; process is not discharged within 14 days;
(j) any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar to any of the events mentioned in Clauses 19.2.3 clause 14.2(c) to 19.2.8 clause 14.2(i) (inclusive); or
(k) the other party suspends or ceases, or threatens to suspend or cease, carrying on all or a substantial part of its business. The Catapult shall also be entitled .
14.3 Without affecting any other remedy or right available to it, the Supplier may terminate this Agreement at any time and for any reason agreement with immediate effect by giving no less than thirty (30) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice Customer if there is a change of immediate termination to control of the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION .
14.4 On expiry or termination of this Agreement: the Supplier agreement for any reason:
(a) all licences granted under this agreement shall immediately cease all further performance of terminate and the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier Customer shall immediately cease all use of the Intellectual Property Rights relating Services and/or the Documentation;
(b) each party shall return and make no further use of any equipment, property, Documentation and other items (and all copies of them) belonging to the Services and the Deliverables in any way; other party;
(c) the Supplier shall promptly provide may destroy, overwrite, randomise or otherwise dispose of any of the Customer Data in its possession within 30 days of termination of this agreement, unless the Supplier receives, no later than ten days after the effective date of the termination of this agreement, a written request for the delivery to the Catapult all Deliverables developed or created prior Customer of the then most recent back-up of the Customer Data. The Supplier shall use reasonable commercial endeavours to deliver the back-up to the date Customer within 30 days of its receipt of such a written request, provided that the Customer has, at that time, paid all fees and charges outstanding at and resulting from termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as due at the date of such termination (including termination). The Customer shall pay all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually expenses incurred by the Supplier in providing such assistance. If returning or disposing of Customer Data; and
(d) any rights, remedies, obligations or liabilities of the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) parties that have been incurred by the Supplier prior accrued up to the date of termination; and/or (ii) which , including the Supplier has committed right to pay to a third party claim damages in connection with the provision respect of any breach of the Services under a binding agreement entered into prior to which existed at or before the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason, shall not affect the accrued rights be affected or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effectprejudiced.
Appears in 1 contract
Sources: Software as a Service Agreement
Term and Termination. 16.1 This Agreement and each Scope of Works shall come into force commence on the Commencement Date and shall continue remain in full force and effect, for the Initial Term unless otherwise agreed by the Parties or earlier terminated earlier in accordance with the provisions terms of this Agreement. Thereafter, until Completion, when this Agreement and each Scope of Works shall continue to automatically expire renew for a Subsequent Term, unless a Party gives written notice to the other Party, not later than ninety (90) days before the “end of the Initial Term or the relevant Subsequent Term”). Either party , to terminate this Agreement.
16.2 Without prejudice to any rights that the Parties have accrued under this Agreement or any of their respective remedies, obligations or liabilities, a Party may terminate this Agreement forthwith with immediate effect by giving written notice to the other Party if:
(a) The other party written notice of immediate termination if the other party: commits a material breach of any material term of this Agreement and (if such breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and remediable) fails to remedy that breach within a period of thirty (30) days after being notified to do so;
(b) the other Party breaches any of being given written notice specifying the breach and requiring its remedyterms of Clause 10, Clause 15 or Clause 20; becomes insolvent or or
(c) the other Party suspends, or threatens to suspend, payment of its debts debts, or is unable to pay its debts as they fall due or admits inability to pay its debts, or is deemed unable to pay its debts within the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the purpose of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); the other party ceases, or threatens to cease, carrying on its business. The Catapult shall also be entitled to terminate this Agreement at any time and for any reason by giving no less than thirty (30) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches ▇▇▇ ▇▇▇▇.
16.3 Termination of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason, shall not affect the accrued rights rights, remedies, obligations or remedies liabilities of either party the Parties existing as at termination.
16.4 On termination of this Agreement for any reason:
(a) Core shall immediately cease provision of the Services;
(b) the Customer shall pay any and all invoices and sums due and payable up to and including the date of termination including (1) all remaining amounts owing up to the end of the Initial Term; or any Subsequent Term (as applicable) (2) any termination fees that Core incurs from any of its third party suppliers or software providers as a consequence of such expiry or early termination. Notwithstanding expiry Core shall use reasonable endeavours to mitigate any loss, but the Customer acknowledges and agrees that any third-party fees may not be mitigated by Core and the Customer shall not hold Core responsible if it incurs full termination fees; and
(c) each Party shall use reasonable endeavours to return and make no further use of any equipment, property, materials and other items (and all copies of them) belonging to the other Party.
16.5 Save as provided in Clause 16 or elsewhere in this Agreement, or by mutual consent and on agreed terms, or due to a Force Majeure, neither Party shall be entitled to terminate a Scope of Works. Termination of a Scope of Works shall not by default, terminate other Scope of Works nor this Agreement.
16.6 Termination of any Scope of Works shall be without prejudice to any other rights which any Party may have under any other Scope of Works.
16.7 Upon termination of this AgreementAgreement or a specific Scope of Works for any reason Core will provide to the Customer and/or to any new supplier selected by the Customer (the “Successor Service Provider”) such assistance as reasonably requested by the Customer in order to effect the orderly transition of the applicable Services, in whole or in part, to the Customer or to Successor Service Provider (such assistance shall be known as the “Termination Assistance Services”) during any period of notice of termination (the “Termination Assistance Period”). Any services required by the Customer for the transition of Services during the Termination Assistance Period shall be provided by Core at its then current time and materials fee rate for such period of time as shall be mutually agreed. Such Termination Assistance Services may include:
(a) developing a plan for the orderly transition of the terminated Services from Core to the Customer or the Successor Service Provider; and
(b) such other activities upon which the Parties may agree including any non- proprietary documents to enable a Successor Service Provider to continue to provide services.
16.8 Upon a termination of the Agreement or a specific Scope of Works (as applicable), Core shall only retain the Customer Data for a maximum period of three (3) months from the date of termination and may delete all such copies of its Customer Data after the three (3) months period has ended.
16.9 The provisions of Clauses 17, 8, 10, 11, 12, 13, 1415, 1516, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effectsurvive termination of any Scope of Works or this Agreement.
Appears in 1 contract
Sources: Master Services Agreement
Term and Termination. 12.1. This Agreement shall come into force commence on the Actual Live Date or the Commencement Date and shall continue in full force and effectcontinue, unless terminated earlier in accordance with these terms, for the provisions of this Agreement, until Completion, when this Agreement shall automatically expire Initial Term and any Renewal Term (the “Term”). Where any additional Services have been agreed via the Change Control process then such new Services will commence on the date that the additional Order Form is signed and will run in conjunction with the Term as applicable.
12.2. A party may terminate the Agreement by giving the other party three (3) months’ written notice stating its wish to terminate Term.
12.3. Either party may terminate this Agreement forthwith immediately by giving written notice to the other party written notice of immediate termination if the other party: (i) commits a any material breach of this Agreement and (if the breach can be remedied) it fails to remedy the breach within 30 days of such breach is not capable of remedynotice; or (ii) commits a material breach of this Agreement which is not capable of remedy and fails being remedied.
12.4. Without limitation, any failure by the Customer to remedy that pay the Fees when required will be a material breach within thirty (30) days of being given written notice specifying this Agreement.
12.5. Failure to supply the AML information required by PAYPLUS to carry out the necessary checks, will result in a material breach and requiring its remedy; becomes insolvent or suspendsof this Agreement
12.6. Either party may terminate this Agreement immediately if the other party ceases carrying on business in the normal course, or threatens to suspend, payment calls a meeting of its debts creditors or makes a proposal for a voluntary arrangement within the meaning of Part 1 of the Insolvency ▇▇▇ ▇▇▇▇ or for any other composition or scheme of arrangement with (or assignment for the benefit of) its creditors, or is unable to pay its debts as they fall due within the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts▇▇▇ ▇▇▇▇, or makes if a proposal trustee, receiver, administrative receiver or other similar officer is appointed or a meeting is convened for or enters into any compromise or arrangement with the purpose of considering a resolution for its creditors winding up (other than for the purpose of a bona fide scheme for a of solvent amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution is passedreconstruction), or order made, for or in connection with it is the winding up subject of that party; has an application made to courtadministration order, or is subject to any equivalent process or proceedings in any jurisdiction anywhere in the world.
12.7. Except where PAYPLUS has terminated this agreement under clauses 12.2 to 12.4, PAYPLUS shall provide the Customer, in an order madePAYPLUS standard format, for such assistance as the appointment Customer may reasonably require, to facilitate the orderly transfer of an administratorservices similar to the Services to the Customer or to another supplier.
12.8. On Termination, or has notice given of intention to appoint an administratorPAYPLUS will either (a) if so, requested by the Customer return in PAYPLUS standard format the Customer Data in its possession in respect of that party or any part the period of its business or assets; gives, or 3 years before Termination at no charge (subject to payment of all Fees current at the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar to any date of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusiverequest); or (b) if not so requested by the other party ceasesCustomer within 30 days from Termination, or threatens destroy any Customer Data in its possession.
12.9. If the Customer requires any services from PAYPLUS after the date of Termination, PAYPLUS may at its discretion agree to cease, carrying provide such services on its business. The Catapult shall also be entitled to terminate this Agreement at any a time and materials basis.
12.10. In the event of early Termination by the Customer, except under clause 12.6 or for any reason by giving no less than thirty (30) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches PAYPLUS’s material breach of this Agreement, whether or not it remedies those breaches; PAYPLUS will charge the provisions Customer a Termination Fee for each payroll terminated. The Termination Fee will be calculated by multiplying the number of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or months left in the reasonable opinion of Initial Term or Renewal Term (as applicable) by the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials last Recurring Monthly Fee charged to the Catapult as a Pass-Through Cost, that Customer. Termination Fees are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason, shall not affect the accrued rights or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effectpayable on demand.
Appears in 1 contract
Sources: Payroll Processing Agreement
Term and Termination. 22.1 This Agreement shall come into force commence on the Commencement Date and individual Orders shall continue in full force commence on the Order Commencement Date and effect, unless terminated shall subject to earlier in accordance with the provisions of termination pursuant to this Agreement, until Completion, when clause 22.
22.2 Without prejudice to any rights that have accrued under this Agreement shall automatically expire (the “Term”). Either or any of its rights or remedies, either party may at any time terminate this Agreement forthwith (or at their option an individual Order or Orders) with immediate effect by giving written notice to the other party written notice of immediate termination if if:
(a) the other party: party fails to pay any amount due under this agreement on the due date for payment and remains in default not less than 14 days after being notified in writing to make such payment;
(b) the other party commits a any material breach of this Agreement and such breach is not capable of remedy; commits a material breach of its obligations under this Agreement which (if remediable) is capable not remedied within 30 days after the service of remedy and fails to remedy that breach within thirty (30) days of being given written notice specifying the breach and requiring it to be remedied;
(c) the other party repeatedly breaches any of the terms of this agreement in such a manner as to reasonably justify the opinion that its remedyconduct is inconsistent with it having the intention or ability to give effect to the terms of this Agreement;
(d) the other party:
(i) ceases to trade (either in whole, or as to any part or division involved in the performance of this agreement); or
(ii) becomes insolvent or suspends, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due within the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all or any class of its creditors with a view insolvency legislation applicable to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the purpose of a scheme for a solvent amalgamation or reconstruction of that party; has or
(iii) a petition filed, notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or person (including the holder of a qualifying floating charge over or other security interest) is appointed to manage or take control of the whole or part of the business or assets of that party givesparty, or notice of an intention to appoint such a person is given or documents relating to such an administrative receiverappointment are filed with any court; has a liquidator, receiver, administrator or administrative receiver appointed over or
(iv) the assets or in respect of any part ability of that party’s business creditors to take any action to enforce their debts is suspended, restricted or assetsprevented or some or all of that party’s creditors accept, by agreement or pursuant to a court order, an amount of less than the sums owing to them in satisfaction of those sums; or
(v) any event occursprocess is instituted which could lead to that party being dissolved and its assets being distributed to its creditors, shareholders or proceeding is taken, with respect to other contributors (other than for the other party in any jurisdiction to which it is subject that has an effect equivalent purposes of solvent amalgamation or similar reconstruction).
22.3 Without prejudice to any rights that have accrued under this Agreement or any of its rights or remedies, the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); the other party ceases, or threatens to cease, carrying on its business. The Catapult shall also be entitled to Supplier may at any time terminate this Agreement (or at any time and for any reason its option an individual Order or Orders) with immediate effect by giving no less than thirty (30) days’ written notice to the Supplier. The Catapult shall also be entitled Customer if the Customer is in breach of any of its obligations under Clause 6,7 or 8 of Schedule 1, Clause 7 of Schedule 2 or otherwise infringes or threatens to terminate this Agreement by giving written notice infringe any of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any ’s Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of Software Product and/or the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and Customer Solution.
22.4 Termination by either party in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material rights contained in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason, clause 22 shall not affect the accrued rights rights, remedies, obligations or remedies liabilities of either party the parties existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effect.
Appears in 1 contract
Term and Termination. This Agreement shall come into force on the Commencement Date and shall continue in full force and effect, unless terminated earlier in accordance with the provisions of this Agreement, until Completion, when this Agreement shall automatically expire (the “Term”). Either party 11.1 LTT may terminate this Agreement forthwith by giving immediately on written notice if the Client fails to make any undisputed payments in full to LTT, when due under this Agreement and the Client has failed to remedy this non-payment within a period of 14 (fourteen) days.
11.2 Either Party may terminate this Agreement immediately on written notice to the other party written notice Party if:
11.2.1 an order is made or an effective resolution is passed for the administration or the winding up of immediate termination if the other party: Party other than for the purpose(s) of reorganisation, reconstruction or amalgamation only without insolvency or on the other Party entering into a binding legal arrangement to pay its creditors less than the full amount due to them;
11.2.2 the other Party becomes bankrupt or insolvent or has a receiving order made against it;
11.2.3 the other Party suspends, ceases or threatens to suspend or cease to carry on its business other than for the purpose(s) of reorganisation, reconstruction or amalgamation only without insolvency or being unable or unwilling without good reason to pay its valid debts as they fall due or on the appointment of any administrative or other receiver; or
11.2.4 the other Party commits a material breach of this Agreement and such breach is not capable of remedy; commits a material breach any provision of this Agreement which is capable of remedy and fails to remedy that breach not remediable or, if remediable, is not remedied within thirty (30) days of being given receiving written notice specifying the breach and requiring its remedy; becomes insolvent or suspends, or threatens it to suspend, payment of its debts or is unable to pay its debts as they fall due within the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the purpose of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); the other party ceases, or threatens to cease, carrying on its business. The Catapult shall also be entitled to remedied.
11.3 LTT may terminate this Agreement at any time and for any reason by giving no less than thirty on twenty-eight (3028) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the SupplierClient, if: in for any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or reason whatsoever.
11.4 Any termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with this Clause 19.311 shall be without prejudice to the rights of either Party accrued prior to such termination.
11.5 Upon termination, the Catapult shall reimburse Client agrees to immediately pay to LTT any outstanding undisputed sums relating to the Supplier all Pass-Through Costs and Expenses which: (i) Ground Arrangements or otherwise incurred / owing under this Agreement that have been incurred by the Supplier prior to the effective date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for , and any reason, shall not affect the accrued rights or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effectinterest accruing thereon.
Appears in 1 contract
Sources: Wholesale Supply Agreement
Term and Termination.
14.1 This Agreement shall come into force agreement shall, unless otherwise terminated as provided in this clause 14, commence on the Commencement Effective Date and shall continue for the Initial Subscription Term and, thereafter, this agreement shall be automatically renewed for successive periods of 12 months (each a Renewal Period), unless:
(a) either party notifies the other party of termination, in full force and effectwriting, unless at least [60] days before the end of the Initial Subscription Term or any Renewal Period, in which case this agreement shall terminate upon the expiry of the applicable Initial Subscription Term or Renewal Period; or
(b) otherwise terminated earlier in accordance with the provisions of this Agreementagreement; and the Initial Subscription Term together with any subsequent Renewal Periods shall constitute the
14.2 Without affecting any other right or remedy available to it, until Completion, when this Agreement shall automatically expire (the “Term”). Either either party may terminate this Agreement forthwith agreement with immediate effect by giving written notice to the other party written notice of immediate termination if if:
(a) the other party: party fails to pay any amount due under this agreement on the due date for payment and remains in default not less than 30 days after being notified in writing to make such payment;
(b) the other party commits a material breach of any other term of this Agreement and agreement which breach is irremediable or (if such breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and remediable) fails to remedy that breach within thirty a period of 30 days after being notified in writing to do so;
(30c) days of being given written notice specifying the breach and requiring its remedy; becomes insolvent or other party suspends, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due or admits inability to pay its debts or is deemed unable to pay its debts within the meaning of section 123 of the Insolvency Act 1986; 1986
(d) the other party commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the sole purpose of a scheme for a solvent amalgamation of that other party with one or more other companies or the solvent reconstruction of that other party; has ;
(e) a petition is filed, a notice is given, a resolution is passed, or an order is made, for or in connection with the winding up of that other party other than for the sole purpose of a scheme for a solvent amalgamation of that other party with one or more other companies or the solvent reconstruction of that other party; has ;
(f) an application is made to court, or an order is made, for the appointment of an administrator, or has if a notice given of intention to appoint an administratoradministrator is given or if an administrator is appointed, in respect of that party or any part of its business or assets; gives, or over the other party;
(g) the holder of a qualifying floating charge over the assets of that other party gives, notice of an intention has become entitled to appoint or has appointed an administrative receiver; has ;
(h) a liquidator, receiver, administrator person becomes entitled to appoint a receiver over the assets of the other party or administrative a receiver is appointed over the assets of the other party;
(i) a creditor or in respect encumbrancer of the other party attaches or takes possession of, or a distress, execution, sequestration or other such process is levied or enforced on or sued against, the whole or any part of that the other party’s business 's assets and such attachment or assets; process is not discharged within 14 days;
(j) any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar to any of the events mentioned in Clauses 19.2.3 clause 14.2(c) to 19.2.8 clause 14.2(i) (inclusive); ;
(k) the other party suspends or ceases, or threatens to suspend or cease, carrying on all or a substantial part of its business. The Catapult shall also be entitled to terminate this Agreement at any time and for any reason by giving no less than thirty (30) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION .
14.3 On expiry or termination of this Agreement: agreement for any reason:
(a) all licences granted under this agreement shall immediately terminate;
(b) each party shall return and make no further use of any equipment, property and other items (and all copies of them) belonging to the other party;
(c) the Supplier shall immediately cease all further performance may destroy or otherwise dispose of any of the Services pursuant to Buyer Data in its possession unless the Supplier receives, no later than ten days after the effective date of the termination of this Agreement and shall not thereafter hold itself out as continuing to supply agreement, a written request for the Services delivery to the Catapult; Buyer of the then most recent back-up of the Buyer Data. The Supplier shall immediately cease all use of reasonable endeavours to deliver the Intellectual Property Rights relating back-up to the Services Buyer within 30 days of its receipt of such a written request, provided that the Buyer has, at that time, paid all fees and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of charges outstanding at and resulting from termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as due at the date of such termination (including termination). The Buyer shall pay all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually expenses incurred by the Supplier in providing such assistance. If returning or disposing of Buyer Data; and
(d) any rights, remedies, obligations or liabilities of the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) parties that have been incurred by the Supplier prior accrued up to the date of termination; and/or (ii) which , including the Supplier has committed right to pay to a third party claim damages in connection with the provision respect of any breach of the Services under a binding agreement entered into prior to which existed at or before the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason, shall not affect the accrued rights be affected or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effectprejudiced.
Appears in 1 contract
Sources: Software as a Service Agreement
Term and Termination. This Agreement 14.1 Each Party shall come into force on be entitled to terminate this Agreement, without prejudice to any other rights to terminate this Agreement, with immediate effect by written notice to the Commencement Date and shall continue other Party in full force and effect, unless terminated earlier the event:
14.1.1 that the other Party commits a material breach or default in accordance with the provisions performance of this Agreement, until Completion, when this Agreement shall automatically expire (the “Term”). Either party may terminate this Agreement forthwith by giving the other party written notice and in case of immediate termination if the other party: commits a material breach of this Agreement and such breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and , fails to remedy that breach the same within thirty (30) days after receipt of being given a written notice specifying thereof from the Party not in breach giving full particulars of the breach and requiring its remedyit to be remedied; becomes insolvent or suspendsor
14.1.2 of insolvency of, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due within the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than assignment for the purpose benefit of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; givescreditors by, or the holder initiation of a qualifying floating charge over the assets of that party givesadministration proceedings by or against, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar Party.
14.2 Vectura shall be entitled without prejudice to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); the other party ceasesrights under this Agreement, or threatens to cease, carrying on its business. The Catapult shall also be entitled to terminate this Agreement at any time and for any reason by giving no less than thirty upon provision of three (303) daysmonths’ written notice of such termination to Pulmatrix in writing.
14.3 In the Supplier. The Catapult event that Vectura, or any of its Affiliates make any request for, or filing or declaration of, or undertake any action involving, any interference, opposition, challenges as to ownership, assertions of invalidity or unenforceability, revocation or reexamination relating to any Pulmatrix IP before any court, agency or other tribunal, then Pulmatrix shall also be entitled have the right to immediately terminate this Agreement in its entirety by giving sending written notice of immediate such termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) Vectura.
14.4 Upon termination or more breaches expiration of this Agreement, whether Vectura shall:
14.4.1 promptly refrain from using the Physical Materials, the Pulmatrix IP, the Pulmatrix Data and the Information of Pulmatrix;
14.4.2 promptly return to Pulmatrix, at Pulmatrix’s request and expense, the Pulmatrix Data and/or all documents containing solely Information of Pulmatrix or any other items put at Vectura’s disposal by Pulmatrix under this Agreement (including, but not it remedies those breacheslimited to, any notes and summaries, print-outs or copies of information stored in electronic or computerized systems), except for one copy of each document to be retained by the Vectura in a confidential central file;
14.4.3 destroy or return to Pulmatrix, as per Pulmatrix’s request and expense, any remaining Physical Materials provided by Pulmatrix which remains in Vectura’s possession; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights and
14.4.4 provide a report of the Catapult; and/or in results obtained until the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On termination or expiry (except if terminated by Vectura under Clause 14.1).
14.5 Upon termination or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason, shall not affect the accrued rights or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination expiration of this Agreement, Pulmatrix shall:
14.5.1 promptly refrain from using the Vectura IP and/or any Device to which it may have access, and the Information of Vectura; and
14.5.2 promptly return to Vectura, at Vectura’s request and expense, all documents containing Information of Vectura or any other items put at Pulmatrix’s disposal by Vectura under this Agreement (including, but not limited to, any notes and summaries, print-outs or copies of information stored in electronic or computerized systems).
14.6 Notwithstanding the foregoing, Pulmatrix and Vectura will fulfil their respective obligations under Clause 10, including the notification of all inventions developed as a result of the work conducted by or on behalf of Vectura under this Agreement.
14.7 Termination or expiration of this Agreement shall not release either Party of any obligations in relation to this Agreement incurred prior thereto, except as specifically provided herein, nor of any other obligation which, by its terms, is understood to survive the termination or expiration of this Agreement. The provisions of Clauses 1, 87, 10, 11, 12, 13, 1414.4 to 14.7, 15, 1716, 18 and 20 to 31 (inclusive) 26 shall continue in full force and effectsurvive termination or expiration of this Agreement.
Appears in 1 contract
Sources: Feasibility and Development Agreement (Pulmatrix, Inc.)
Term and Termination. This Agreement shall come into force on is effective as of the Commencement Closing Date and shall continue in full force and effecthave an initial term of five (5) years, which shall be automatically renewed for a period of other five (5) years, unless terminated earlier by either party hereto on not less than one hundred twenty (120) days’ notice if:
(a) in accordance with the provisions case of NM, there is a Change of Control of NSM;
(b) in the case of NSM, there is a Change of Control of NM;
(c) the other party breaches this Agreement in any material respect; provided that (i) no termination pursuant to this clause (c) shall be effective unless the notice referenced above delivered by the party seeking to terminate shall set forth in reasonable detail the facts and circumstances giving rise to a right to terminate and the other party shall have failed during the one hundred twenty (120) day period to remedy such breach; (ii) if the other party shall, within the one hundred twenty (120) day period, have taken substantial steps to remedy such breach, no termination pursuant to this clause (c) shall be effective unless such breach remains unremedied one hundred eighty (180) days after the delivery of such notice, and (iii) no termination pursuant to this clause (c) shall be effective unless and until a final judgment, order or decree shall have been issued pursuant to an arbitration pursuant to Section 17 hereof declaring such termination to be valid under this clause (c); which remains unremedied;
(d) a receiver is appointed by a court of competent jurisdiction for all or substantially all of the property of the other party;
(e) a final order is issued by a court of competent jurisdiction to wind-up the other party;
(f) a final judgment, order or decree which materially and adversely affects the ability of the other party to perform this Agreement shall have been obtained or entered against that party and such judgment, order or decree shall not have been vacated, discharged or stayed; provided that no termination pursuant to this clause (f) shall be effective unless and until a final judgment, order or decree shall have been issued pursuant to an arbitration pursuant to Section 17 hereof declaring such termination to be valid under this clause (f); or
(g) the other party makes a general assignment for the benefit of its creditors, files a petition in bankruptcy or for liquidation, is adjudged insolvent or bankrupt by a final order of a court of competent jurisdiction, commences any proceeding for a reorganization or arrangement of debts, dissolution or liquidation under any law or statute or of any jurisdiction applicable thereto or if any such proceeding shall be commenced in a court of competent jurisdiction and is not contested by the other party. At any time after the first anniversary of this Agreement, until Completion, when this Agreement shall automatically expire may be terminated by either party hereto on not less than three hundred and sixty-five (the “Term”). Either party may terminate this Agreement forthwith by giving the other party written 365) days’ notice of immediate termination if the other party: commits a material breach of this Agreement and such breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and fails to remedy that breach within thirty (30) days of being given written notice specifying the breach and requiring its remedy; becomes insolvent or suspends, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due within the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all or for any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors reason other than for the purpose of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); the other party ceases, or threatens to cease, carrying on its business. The Catapult shall also be entitled to terminate this Agreement at any time and for any reason by giving no less than thirty (30) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or reasons set forth in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapultpreceding paragraph; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or in no event shall any termination of this Agreement for any reason, shall not affect by NSM pursuant to this sentence be effective prior to the accrued rights or remedies fifth (5th) anniversary of either party existing the Closing Date. Any termination pursuant to the foregoing sentence is referred to herein as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effecta “For Convenience Termination”.
Appears in 1 contract
Sources: Administrative Services Agreement (Navios Maritime Holdings Inc.)
Term and Termination. 12.1 This Agreement shall come into force agreement shall, unless otherwise terminated as provided in this clause 12, commence on the Commencement Effective Date and shall continue for the Initial Subscription Term and, thereafter, this agreement shall be automatically renewed for successive periods of one month (each a Renewal Period), unless:
(a) either party notifies the other party of termination, in full force and effectwriting, unless at least 30 days before the end of the Initial Subscription Term or any Renewal Period, in which case this agreement shall terminate upon the expiry of the applicable Initial Subscription Term or Renewal Period; or
(b) otherwise terminated earlier in accordance with the provisions of this Agreementagreement; and the Initial Subscription Term together with any subsequent Renewal Periods shall constitute the Subscription Term.
12.2 Without affecting any other right or remedy available to it, until Completion, when this Agreement shall automatically expire (the “Term”). Either either party may terminate this Agreement forthwith agreement with immediate effect by giving written notice to the other party written notice of immediate termination if if:
(a) the other party: party commits a material breach of any other term of this Agreement and agreement which breach is irremediable or (if such breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and remediable) fails to remedy that breach within thirty a period of 28 days after being notified in writing to do so;
(30b) days of being given written notice specifying the breach and requiring its remedy; becomes insolvent or other party suspends, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due or admits inability to pay its debts or is deemed unable to pay its debts within the meaning of section 123 of the Insolvency Act 1986; ;
(c) the other party commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the sole purpose of a scheme for a solvent amalgamation of that other party with one or more other companies or the solvent reconstruction of that other party; has ;
(d) a petition is filed, a notice is given, a resolution is passed, or an order is made, for or in connection with the winding up of that other party other than for the sole purpose of a scheme for a solvent amalgamation of that other party with one or more other companies or the solvent reconstruction of that other party; has ;
(e) an application is made to court, or an order is made, for the appointment of an administrator, or has if a notice given of intention to appoint an administratoradministrator is given or if an administrator is appointed, in respect of that party or any part of its business or assets; gives, or over the other party;
(f) the holder of a qualifying floating charge over the assets of that other party gives, notice of an intention has become entitled to appoint or has appointed an administrative receiver; has ;
(g) a liquidator, receiver, administrator person becomes entitled to appoint a receiver over the assets of the other party or administrative a receiver is appointed over the assets of the other party;
(h) a creditor or in respect encumbrancer of the other party attaches or takes possession of, or a distress, execution, sequestration or other such process is levied or enforced on or sued against, the whole or any part of that the other party’s business 's assets and such attachment or assets; process is not discharged within 14 days;
(i) any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar to any of the events mentioned in Clauses 19.2.3 clause 12.2(b) to 19.2.8 clause 12.2(h) (inclusive); or
(j) the other party suspends or ceases, or threatens to suspend or cease, carrying on all or a substantial part of its business. The Catapult shall also be entitled to terminate this Agreement at any time and for any reason by giving no less than thirty (30) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION .
12.3 On expiry or termination of this Agreement: the Supplier agreement for any reason:
(a) all rights and licences granted under this agreement shall immediately cease terminate;
(b) each party shall return and make no further use of any equipment, property, documentation and other items (and all further performance copies of them) belonging to the other party;
(c) subject to Safelink’s obligations as a data processor under the Data Protection Legislation, Safelink may destroy or otherwise dispose of any of the Services pursuant to Customer Data in its possession unless Safelink receives, no later than ten days after the effective date of the termination of this Agreement and shall not thereafter hold itself out as continuing to supply agreement, a written request for the Services delivery to the Catapult; the Supplier shall immediately cease all use Customer of the Intellectual Property Rights relating then most recent back-up of the Customer Data. Safelink shall use reasonable commercial endeavours to deliver the back-up to the Services Customer within 30 days of its receipt of such a written request, provided that the Customer has, at that time, paid all fees and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of charges outstanding at and resulting from termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as due at the date of such termination termination). The Customer shall pay all reasonable expenses incurred by Safelink in returning Customer Data; and
(including all copies d) any rights, remedies, obligations or liabilities of the same), and shall certify in writing to the Catapult parties that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior accrued up to the date of termination; and/or (ii) which , including the Supplier has committed right to pay to a third party claim damages in connection with the provision respect of any breach of the Services under a binding agreement entered into prior to which existed at or before the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason, shall not affect the accrued rights be affected or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effectprejudiced.
Appears in 1 contract
Sources: Terms and Conditions
Term and Termination. 13.1 This Agreement agreement shall come into force commence on the Commencement Effective Date and shall continue for the Term defined in full force and effectthe Commercial Terms, unless otherwise terminated earlier as provided in accordance with this clause 13. After the provisions of Term, this Agreement, until Completion, when this Agreement agreement shall automatically expire (renew for 12 month periods on the “Term”). Either anniversary of the Effective Date, unless either party notifies the other, in writing, at least 60 days prior to the end of the then current term.
13.2 Without prejudice to any other rights or remedies to which the parties may be entitled, either party may terminate this Agreement forthwith by giving agreement without liability to the other if:
(a) the other party written notice of immediate termination if the other party: commits a material breach of any of the terms of this Agreement agreement and (if such a breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and remediable) fails to remedy that breach within thirty (30) 30 days of that party being given written notice specifying the breach and requiring its remedy; becomes insolvent or suspends, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due within the meaning of section 123 notified in writing of the Insolvency Act 1986; commences negotiations with all breach;
(b) an order is made or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the purpose of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution is passed, or order made, passed for or in connection with the winding up of that the other party; has , or circumstances arise which entitle a court of competent jurisdiction to make a winding-up order in relation to the other party;
(c) a receiver is appointed over any of the other party's assets or undertaking,;
(d) the other party makes any arrangement or composition with its creditors, or makes an application made to courta court of competent jurisdiction for the protection of its creditors in any way, or an order made, becomes bankrupt; or
(e) the other party ceases to trade;
13.3 On termination of this agreement for any reason:
(a) all licences granted under this agreement shall immediately terminate;
(b) each party shall return and make no further use of any Confidential Information belonging to the appointment other party;
(c) the Supplier may delete or otherwise dispose of an administrator, or any of the Customer Data in its possession unless the Customer requests and agrees to pay for ongoing access to the Customer Databases and has notice given paid all fees and charges outstanding at termination.
(d) the accrued rights of intention to appoint an administrator, in respect of that party or any part of its business or assets; givesthe parties as at termination, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect continuation after termination of any part of that party’s business provision expressly stated to survive or assets; any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); the other party ceases, or threatens to cease, carrying on its business. The Catapult shall also be entitled to terminate this Agreement at any time and for any reason by giving no less than thirty (30) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or implicitly surviving termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason, shall not affect the accrued rights be affected or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effectprejudiced.
Appears in 1 contract
Sources: Software and Services Agreement
Term and Termination. A. This Agreement shall come into force on commence upon the Commencement Date Effective date set forth above and shall continue in full force and effectuntil for a twelve-month period unless earlier terminated as provided herein, unless terminated earlier in accordance with the provisions of this Agreement, until Completion, when this This Agreement shall automatically expire (the “Term”). renew for subsequent 12-month periods unless 60-day written notice of intended termination is received from either party,
B. Either party may terminate this Agreement forthwith if mutually agreed upon for any reason whatsoever, or by giving the other party written notice of immediate termination if to the other party: commits , if the party breaches a material breach provision of this Agreement and such the breach is has not capable of remedy; commits a material breach of this Agreement which is capable of remedy and fails to remedy that breach been cured within thirty ten (3010) days of being given receipt of notice of such breach. This Agreement may also be terminated by either party by written notice specifying the breach and requiring its remedy; becomes insolvent or suspends, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due within the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the purpose of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it the event that either party becomes or is subject that has an effect equivalent declared bankrupt or similar to any in the event of insolvency or the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); appointment of a receiver by a court of competent jurisdiction, assignment for the other party ceasesbenefit of creditors, or threatens to cease, carrying on its business. The Catapult shall also be entitled to terminate this Agreement at levy of execution directly involving either party.
C. Upon any time and for any reason by giving no less than thirty (30) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason, shall not affect the accrued rights or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, ATMG & ALI shall cease any solicitation of THI members, except that ATMG & ALI may continue to sell those products and services to members to whom ATMG & ALI is selling such products or services at the provisions time of Clauses 1termination of this Agreement. Upon completion of the services being provided, 8ATMG & ALI will have no further relationship or contact with such THI members, 10and that any solicitation by a third party offering ATMG & ALI's services beyond the termination date, 11will not be a target marketing program specific to THI members. The solicitation by any third party offering ATMG & ALI's services shall not be considered a breach of this provision nor win the incidental solicitation of individual members of THI.
D. Upon any termination of this Agreement, 12each party shall return to the other party all copies of the other party's confidential information and erase the other party's confidential information from its databases except such information as is necessary to continue to service those members to whom ATMG & ALI is permitted to continue limited sales pursuant to paragraph C. of this Section V, 13, 14, 15, 17, 18 and 20 or such information as agreed to 31 (inclusive) shall continue in full force and effectby both parties.
Appears in 1 contract
Term and Termination. This Agreement shall come into force on the Commencement Date and shall continue in full force and effect8.1 On a product by product basis, unless terminated earlier in accordance with subject to the provisions of this AgreementClause 10 and 11, until Completion, when this Agreement shall automatically expire the term of the Licenses granted hereunder with respect to a Product and/or Additional Product in each country in the Territory (the “Term”). Either party may "TERM") shall be the greater of:
8.1.1 [ * ] years from the date of the first commercial sale of the Product or Additional Products; or
8.1.2 the life of the patent rights utilized in the Product or Additional Products or upon which the Product or Additional Product is based.
8.2 If either Party commits a Relevant Event, the other Party shall have, in addition to all other legal and equitable rights and remedies hereunder, the right to terminate this Agreement forthwith by giving the other party upon 30 days' prior written notice to the defaulting Party.
8.3 For the purpose of immediate termination if the other party: this Clause 8, a "RELEVANT EVENT" is committed or suffered by a Party if:
8.3.1 it commits a material breach of its obligations under this Agreement or the JDOA and such breach (i) is not capable of remedy; commits a material breach of this Agreement which being cured or (ii) is capable of remedy and being cured the breaching Party fails to remedy that breach it within thirty (30) 60 days of being given written notice specifying specifically required in writing to do so by the other Party; provided, that if the breaching Party has proposed a course of action to rectify the breach and requiring its remedy; becomes insolvent is acting in good faith to rectify same but has not cured the breach by the 60th day, such period shall be extended by such period as is reasonably necessary to permit the breach to be rectified;
8.3.2 a distress, execution, sequestration or suspends, other process is levied or threatens to suspend, payment enforced upon or sued out against a material part of its debts property which is not discharged or challenged within 30 days;
8.3.3 it is unable to pay its debts as they fall due within in the meaning normal course of section 123 of the Insolvency Act 1986; commences negotiations with all business;
8.3.4 it ceases wholly or any class of substantially to carry on its creditors with a view to rescheduling any of its debtsbusiness, or makes a proposal for or enters into any compromise or arrangement with its creditors other otherwise than for the purpose of a scheme for a solvent amalgamation reconstruction or reconstruction amalgamation, without the prior written consent of that partythe other Party (such consent not to be unreasonably withheld); has a petition filed, notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made to court, or an order made, for *CONFIDENTIAL TREATMENT REQUESTED 17
8.3.5 the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator administrator, examiner, trustee or administrative receiver appointed similar officer of such Party or over all or substantially all of its assets under the assets or in respect law of any part applicable jurisdiction, including without limitation, the United States of that party’s business America, Bermuda or assets; Ireland;
8.3.6 an application or petition for bankruptcy, corporate re-organisation, composition, administration, examination, arrangement or any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or procedure similar to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); foregoing under the other party ceaseslaw of any applicable jurisdiction, including without limitation, the United States of America, Bermuda or Ireland, is filed, and is not discharged within 60 days, or threatens a Party applies for or consents to ceasethe appointment of a receiver, carrying on administrator, examiner or similar officer of it or of all or a material part of its business. The Catapult shall also be entitled to terminate this Agreement at any time and assets, rights or revenues or the assets and/or the business of a Party are for any reason by giving no less than seized, confiscated or condemned.
8.4 In the event that a Competitive Change of Control Event shall occur, at the sole option of Elan and upon written notice to Isis and HepaSense, the Elan License shall be immediately terminated. Upon written notice from Isis to Elan of a proposed Competitive Change of Control Event or the occurrence of a Competitive Change of Control Event, Elan shall have thirty (30) days’ days from such notice to Isis to provide written notice to the Supplier. The Catapult shall also be entitled Isis as to whether it intends to terminate this Agreement by giving the Elan License. In the event Elan does not provide written notice to Isis during such thirty (30) day period of immediate its intention to terminate the Elan License, such termination right shall be deemed waived with respect to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry such occurrence.
8.5 Upon expiration or termination of this the Agreement: the Supplier shall immediately cease all further performance of the Services pursuant :
8.5.1. any sums that were due from HepaSense to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material Elan on Net Sales in the Supplier’s possession Territory or control as at the date of in such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are particular country or countries in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate Territory (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date expiration or termination of termination; and/or (ii) which this Agreement as set forth herein shall be paid in full within 60 days after the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry expiration or termination of this Agreement for any reason, shall not affect the accrued rights Territory or remedies of either party existing for such particular country or countries in the Territory (as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effect.case may be);
Appears in 1 contract
Term and Termination. 9.1 This Agreement shall come into force on the agreed Commencement Date and shall continue in full force and effectfor a Term of from that date, unless terminated earlier in accordance with subject to the provisions of this AgreementClause 9.
9.2 Either Party shall have the right, until Completion, when subject to the agreement and consent of the other Party and exercisable by giving not less than 1 month written notice to the other at any time prior to the expiry of the Term specified in sub-Clause 9.1 (or any further period for which this Agreement shall automatically expire (the “Term”). has been extended pursuant to this provision) to extend this Agreement.
9.3 Either party Party may immediately terminate this Agreement forthwith by giving written notice to the other party written notice of immediate termination if Party if:
9.3.1 an encumbrancer takes possession, or where the other party: commits Party is a material breach company, a receiver is appointed, of this Agreement and such breach is not capable any of remedy; commits the property or assets of that other Party;
9.3.2 the other Party makes any voluntary arrangement with its creditors or, being a material breach of this Agreement which is capable of remedy and fails company, becomes subject to remedy that breach within thirty an administration order (30) days of being given written notice specifying the breach and requiring its remedy; becomes insolvent or suspends, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due within the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all );
9.3.3 the other Party, being an individual or any class of its creditors with firm, has a view to rescheduling any of its debtsbankruptcy order made against it or, or makes being a proposal for or enters company, goes into any compromise or arrangement with its creditors other than liquidation (except for the purpose purposes of a scheme for a solvent bona fide amalgamation or reconstruction of re-construction and in such a manner that party; has a petition filed, notice is given, resolution is passed, the company resulting therefrom effectively agrees to be bound by or order made, for or in connection with assume the winding up of obligations imposed on that party; has an application made to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar Party under this Agreement);
9.3.4 anything analogous to any of the events mentioned foregoing under the law of any jurisdiction occurs in Clauses 19.2.3 relation to 19.2.8 (inclusive); the other party Party;
9.3.5 that other Party ceases, or threatens to cease, carrying to carry on its business; or
9.3.6 control of that other Party is acquired by any person or connected persons not having control of that other Party on the date of this Agreement. For the purposes of this Clause 9, “control” and “connected persons” shall have the meanings ascribed thereto by Sections 1124 and 1122 respectively of the Corporation Tax Act 2010.
9.4 For the purposes of sub-Clause 9.4.2, a breach shall be considered capable of remedy if the Party in breach can comply with the provision in question in all respects.
9.5 The Catapult shall also be entitled rights to terminate this Agreement at given by this Clause 9 shall not prejudice any time and for any reason by giving no less than thirty other right or remedy of either Party in respect of the breach concerned (30) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2if any) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason, shall not affect the accrued rights or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effectother breach.
Appears in 1 contract
Sources: Service Agreement
Term and Termination. This 12.1 The term of this Agreement shall come into force be one (1) year commencing on the Commencement Effective Date and shall continue in full force be automatically renewed for further and effect, successive period of one (1) year each unless terminated earlier as provided herein.
12.2 If Nitsuko shall default in accordance with making any payment required under this agreement, AltiGen may give written notice of its intention to terminate this Agreement, describing in reasonable detail the funds not paid when due. If Nitsuko upon receiving such notice fails to pay such funds within thirty (30) days, then AltiGen may, while such failure continues, terminate this Agreement upon written notice.
12.3 If Nitsuko shall breach any of the provisions of this Agreement, until Completion, when this Agreement shall automatically expire (the “Term”). Either party then AltiGen may terminate this Agreement forthwith by giving the other party written notice of immediate termination if the other party: commits a material breach of this Agreement and such breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and fails to remedy Agreement, provided that breach within Nitsuko shall have thirty (30) days of being given from written notice specifying by AltiGen to correct the infraction.
12.4 If AltiGen shall breach any of the provisions of this Agreement, then Nitsuko may terminate the Agreement, provided that AltiGen shall have thirty (30) days from written notice by AltiGen to correct the infraction.
12.5 Either party shall be entitled forthwith to terminate this Agreement by giving written notice of not less than one hundred and requiring its remedy; becomes insolvent or suspends, or threatens eighty (180) days to suspend, payment the other without any reason.
12.6 Either party shall be entitled forthwith to terminate the Agreement by giving written notice of its debts or is unable not less than thirty (30) days to the other if:
a) other party fails to pay its debts as they fall or perform when due within any obligation owed to the meaning other or breaches any material provision of section 123 this Agreement;
b) an encumbrance takes possession or a receiver is appointed over any of the Insolvency Act 1986; commences negotiations with all property or any class assets of its creditors with a view that other party;
c) other party becomes subject to rescheduling any of its debts, an involuntary bankruptcy proceeding or makes a proposal for or enters into any compromise or voluntary arrangement with its creditors creditors;
d) other than party goes into liquidation (except for the purpose purposes of a scheme for a solvent amalgamation or reconstruction of and in such manner that party; has a petition filed, notice is given, resolution is passed, the company resulting therefrom effectively agrees to be bound by or order made, for or in connection with assumes the winding up of obligations imposed on that party; has an application made to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar under this Agreement);
e) anything analogous to any of the events mentioned foregoing under the law of any jurisdiction occurs in Clauses 19.2.3 relation to 19.2.8 (inclusive)that other party; the or
f) other party ceases, or threatens to cease, carrying to carry on its business. The Catapult shall also be entitled to terminate this Agreement at any time and for any reason by giving no less than thirty (30) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason, shall not affect the accrued rights or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effect.
Appears in 1 contract
Sources: Joint Development Agreement (Altigen Communications Inc)
Term and Termination. (a) This Agreement shall come into force on remain in effect for an initial Term of approximately five years from the Commencement Effective Date through January 31, 2000, and shall continue in full force and effect, be renewed automatically for subsequent five-year periods unless terminated earlier by written notice by either Party not later than sixty (60) days prior to January 31, 2000 or the subsequent five-year period then in accordance with effect. Notwithstanding the provisions of this Agreementforegoing, until Completion, when this Agreement shall automatically expire (the “Term”). Either party either Party may terminate this Agreement forthwith by giving the other party written notice of immediate termination if the other party: commits a material breach of this Agreement and such breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and fails to remedy that breach within thirty (30) days of being given written notice specifying the breach and requiring its remedy; becomes insolvent or suspends, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due within the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the purpose of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar to any of the events mentioned reasons set forth in Clauses 19.2.3 to 19.2.8 (inclusive); the other party ceases, i) or threatens to cease, carrying on its business. The Catapult shall also be entitled to terminate this Agreement at any time and for any reason (ii) below by giving no less than thirty (30) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and other Party in accordance with the Catapult’s instructions(b) or (c) below, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: :
(i) have been incurred by If the Supplier prior other Party shall fail to perform its obligations as required hereunder or otherwise materially breaches in any manner the date terms of terminationthis Agreement; and/or or
(ii) which If the Supplier has committed other Party shall be unable to pay to a third party its obligations when due, or shall make any assignment for the benefit of creditors, or shall file or have filed against it, any petition for relief from creditors or any petition in connection with bankruptcy, or be adjudicated bankrupt or insolvent, or if any receiver or judicial manager is appointed for its business or property, or if any trustee in bankruptcy or insolvency shall be appointed for such Party.
(b) In the event of breach by one Party of any provision of this Agreement as provided in (a)(i) above, the Services under a binding agreement entered into prior other Party shall give it notice in writing to cure the breach within sixty (60) days (the "Notice Period") or such longer period as may be agreed upon by the Parties and if the breach is not cured to the date satisfaction of notice the non-breaching Party within such period, such Party shall be entitled to exercise any remedies it may have hereunder, including, without limitation, its right to terminate this Agreement effective upon expiration of termination having been given (the Notice Period, provided that if such breach is capable of being cured but incapable, by reason of its nature, of being cured within the Supplier uses Notice Period, such Party may, in its discretion, delay taking action so long as the other Party shall have begun in good faith to cure such breach within the Notice Period and thereafter proceeds diligently to complete the cure of the breach and such breach is cured within a reasonable efforts period thereafter.
(c) In the event of the occurrence of any event described in (a)(ii) above with respect to minimise one Party, the other Party may terminate this Agreement effective upon expiration of the Notice Period; provided, however, that the Party affected may avoid such sums payable). Expiry termination if any adverse filing described in (a)(ii) above is stayed, dismissed or termination reversed within the Notice Period and it provides satisfactory evidence of same to the other Party within such period.
(d) This Agreement shall automatically terminate on the date that JUSCO ceases to have a direct or indirect ownership interest in the Company or on the date that the JVA is terminated, whichever is earlier.
(e) This Agreement may be terminated at any time by mutual written agreement of the Parties.
(f) Termination of this Agreement for any reason, reason shall not affect the obligations which (i) have accrued rights or remedies as of either party existing as at the date of termination, (ii) or arise out of Company Employee Services, Requested Assistance or additional services, transactions or occurrences prior to such expiry date, including but not limited to, (A) the payment of any Fees, Expenses or termination. Notwithstanding expiry or other amounts which have accrued as of the termination date, (B) the representations, warranties and obligations of this Agreement, the provisions of Clauses 1, Company set forth in Article 8, 10(C) the Company's right to audit as set forth in Article 6.2, 11, 12, 13, 14, 15, 17, 18 (D) JUSCO's right to audit as set forth in Article 6.4 and 20 to 31 (inclusiveE) shall continue the Company's indemnification obligations set forth in full force and effectArticle 7.2.
Appears in 1 contract
Sources: Jusco Services Agreement (Sports Authority Inc /De/)
Term and Termination. This Agreement 8.1 The licence granted under clause 2 shall come into force commence on the Commencement Installation Date and shall continue in full force and effectperpetuity, unless terminated earlier in accordance with the provisions of clause 4.3 or this Agreement, until Completion, when this Agreement shall automatically expire (the “Term”). clause 8.
8.2 Either party may terminate this Agreement forthwith Licence immediately by giving notice in writing to the other party written notice of immediate termination if the other party: other:
8.2.1 commits a material or persistent breach of any of its obligations under this Agreement Licence and such either that breach is not capable of remedy; commits a material breach of this Agreement which is capable incapable of remedy and fails or the other shall have failed to remedy that breach within thirty (30) 30 days of after being given written notice specifying by the breach and requiring its remedyfirst party to do so; becomes insolvent or suspends, or
8.2.2 ceases or threatens to suspend, payment cease carrying on its business; suspends making payments on any of its debts or announces an intention to do so; is, or is deemed for the purposes of any law to be, unable to pay its debts as they fall due within the meaning of section 123 of the Insolvency Act 1986or insolvent; commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into or proposes any compromise composition, assignment or arrangement with its creditors other than for the purpose generally; takes any step or suffers any step to be taken in relation to its winding-up, dissolution, administration (whether out of a court or otherwise) or reorganisation (by way of voluntary arrangement, scheme for a solvent amalgamation of arrangement or reconstruction of that party; has a petition filed, notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiverotherwise); has a liquidator, trustee in bankruptcy, judicial custodian, compulsory manager, receiver, administrative receiver, administrator or administrative receiver similar officer appointed over the assets (in each case, whether out of court or otherwise) in respect of it or any part of that party’s business or its assets; has any event occurs, security over any of its assets enforced; or proceeding any analogous procedure or step is taken, with respect to the other party taken in any jurisdiction jurisdiction.
8.3 If the Supplier’s right to which it use or to make available to you any Third Party Software is subject that has an effect equivalent or similar terminated, your right to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); the other party ceases, or threatens to cease, carrying on its businessuse such Third Party Software will automatically and immediately terminate. The Catapult shall also be entitled to terminate this Agreement at Supplier will notify you as soon as reasonably possible of any time and for any reason by giving no less than thirty (30) days’ written such termination. If the Supplier gives notice to the Supplier. The Catapult you requiring you to deactive or uninstall such Third Party Software then you shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and do so in accordance with the CatapultSupplier’s instructions, all Confidential Information of . If the Catapult and all In-put Material Supplier requires access to your IT systems to deactivate or uninstall such Third Party Software itself then you shall give the Supplier such access in accordance with the Supplier’s possession instructions.
8.4 Any termination of this Licence shall be without prejudice to any other rights or control as remedies either party may be entitled to under this Licence or at law.
8.5 Within seven days of the termination of this Licence (by either party for whatever reason) you shall, at the date of such termination (including Supplier’s option, either return to the Supplier or destroy all copies of the same), Software and the Documentation in your possession and a duly authorised officer of you shall certify in writing to the Catapult Supplier that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate you have complied with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason, shall not affect the accrued rights or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effectobligation.
Appears in 1 contract
Sources: Software Licence Agreement
Term and Termination. This Agreement shall come into force on the Commencement Date and shall continue in full force and effect13.1 These terms shall, unless otherwise terminated earlier as provided in this clause 13, continue for the Initial Subscription Term and, thereafter, these terms shall be automatically renewed for successive periods of 12 months (each a "Renewal Period") unless:
13.1.1 either party notifies the other party of termination, in writing via email or via recorded postal delivery, at least 30 days before the end of the Initial Subscription Term or any Renewal Period, in which case these terms shall terminate upon the expiry of the applicable Initial Subscription Term or Renewal Period; or
13.1.2 otherwise terminated in accordance with the provisions of this Agreementthese terms and the Initial Subscription Term together with any subsequent Renewal Periods shall constitute the "Subscription Term".
13.2 Without affecting any other right or remedy available to it, until Completion, when this Agreement shall automatically expire (the “Term”). Either either party may terminate this Agreement forthwith these terms with immediate effect by giving written notice to the other party written notice of immediate termination if if:
13.2.1 the other party: party fails to pay any amount due under these terms on the due date for payment and remains in default not less than 14 days after being notified in writing to make such payment;
13.2.2 the other party commits a material breach of this Agreement and any other terms which breach is irremediable or (if such breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and remediable) fails to remedy that breach within thirty (30) a period of 14 days after being notified in writing to do so;
13.2.3 the other party repeatedly breaches any of being given written notice specifying these terms in such a manner as to reasonably justify the breach and requiring opinion that its remedy; becomes insolvent conduct is inconsistent with it having the intention or ability to give effect to the terms of these terms;
13.2.4 the other party suspends, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due or admits inability to pay its debts or is deemed unable to pay its debts within the meaning of section 123 of the Insolvency Act 1986; ;
13.2.5 the other party commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the sole purpose of a scheme for a solvent amalgamation of that other party with one or more other companies or the solvent reconstruction of that other party; has ;
13.2.6 a petition is filed, a notice is given, a resolution is passed, or an order is made, for or in connection with the winding up of that other party other than for the sole purpose of a scheme for a solvent amalgamation of that other party with one or more other companies or the solvent reconstruction of that other party; has ;
13.2.7 an application is made to court, or an order is made, for the appointment of an administrator, or has if a notice given of intention to appoint an administratoradministrator is given or if an administrator is appointed, in respect of that party or any part of its business or assets; gives, or over the other party;
13.2.8 the holder of a qualifying floating charge over the assets of that other party gives, notice of an intention has become entitled to appoint or has appointed an administrative receiver; has ;
13.2.9 a liquidator, receiver, administrator person becomes entitled to appoint a receiver over the assets of the other party or administrative a receiver is appointed over the assets of the other party;
13.2.10 a creditor or in respect encumbrancer of the other party attaches or takes possession of, or a distress, execution, sequestration or other such process is levied or enforced on or sued against, the whole or any part of that the other party’s business 's assets and such attachment or assets; process is not discharged within 14 days;
13.2.11 any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar to any of the events mentioned in Clauses 19.2.3 clause 13.2.4 to 19.2.8 clause 13.2.10 (inclusive); or
13.2.12 the other party suspends or ceases, or threatens to suspend or cease, carrying on all or a substantial part of its business. The Catapult shall also be entitled to terminate this Agreement at any time and business or operations.
13.3 On termination of these terms for any reason by giving reason:
13.3.1 all licences granted under these terms shall immediately terminate;
13.3.2 each party shall return and make no less than thirty further use of any equipment, property, Documentation and other items (30and all copies of them) days’ written notice belonging to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) other party;
13.3.3 Derventio may destroy or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity otherwise dispose of any registrations of any Intellectual Property Rights of the Catapult; and/or Client Data in its possession unless ▇▇▇▇▇▇▇▇▇ receives, no later than ten days after the reasonable opinion effective date of the Catapult any event occurs which would have termination of these terms, a materially adverse effect on written request for the ability delivery to you of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance then most recent back-up of the Services pursuant Client Data. Derventio shall use commercially reasonable endeavours to this Agreement deliver the back-up to you within 30 days of its receipt of such a written request, provided that you have, at that time, paid all fees and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services charges outstanding at and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of resulting from termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as due at the date of such termination (including termination). You shall pay all copies reasonable expenses incurred by Derventio in returning or disposing of Client Data; and
13.3.4 any rights, remedies, obligations or liabilities of the same), and shall certify in writing to the Catapult parties that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior accrued up to the date of termination; and/or (ii) , including the right to claim damages in respect of any breach of these terms, which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to existed at or before the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason, shall not affect the accrued rights be affected or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effectprejudiced.
Appears in 1 contract
Sources: Terms and Conditions
Term and Termination. This Agreement shall come into force on the Commencement Date and shall continue in full force and effect, unless terminated earlier in accordance with the provisions 8.1 The term of this Agreement, until Completion, when this Agreement shall automatically commence as of the Effective Date and shall, subject to the rights of termination outlined in this Clause 8, expire on a Product-by-Product basis and on a country-by-country basis on the last to occur of:
8.1.1 [**] years starting from the date of the first commercial sale of the Product in the country concerned; or
8.1.2 the date of expiration of the last to expire of the patents included in the Depomed Patents and the Depomed Improvements and/or the Elan Patents and the Elan Improvements ("the “Term”"). Either party may
8.2 If either Party commits a Relevant Event, the other Party shall have, in addition to all other legal and equitable rights and remedies hereunder, the right to terminate this Agreement forthwith by giving the other party upon 30 days' prior written notice to the defaulting Party.
8.3 For the purpose of immediate termination if the other party: this Clause 8, a "Relevant Event" is committed or suffered by a Party if:
8.3.1 it commits a material breach of its obligations under this Agreement and such breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy or the JDOA and fails to remedy that breach it within thirty (30) 60 days of being given written notice specifying specifically required in writing to do so by the other Party; provided, that if the breaching Party has proposed a course of action to rectify the breach and requiring its remedy; becomes insolvent is acting in good faith to rectify same but has not cured the breach by the 60th day, such period shall be extended by such period as is reasonably necessary to permit the breach to be rectified;
8.3.2 a distress, execution, sequestration or suspends, other process is levied or threatens to suspend, payment enforced upon or sued out against a material part of its debts property which is not discharged or challenged within 30 days;
8.3.3 it is unable to pay its debts as they fall due within in the meaning normal course of section 123 of the Insolvency Act 1986; commences negotiations with all business;
8.3.4 it ceases wholly or any class of substantially to carry on its creditors with a view to rescheduling any of its debtsbusiness, or makes a proposal for or enters into any compromise or arrangement with its creditors other otherwise than for the purpose of a scheme for a solvent amalgamation reconstruction or reconstruction amalgamation, without the prior written consent of that party; has a petition filed, notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made other Party (such consent not to court, or an order made, for be unreasonably withheld);
8.3.5 the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator administrator, examiner, trustee or administrative receiver appointed similar officer of such Party or over all or substantially all of its assets under the assets or in respect law of any part applicable jurisdiction, including without limitation, the United States of that party’s business America, Bermuda or assets; Ireland;
8.3.6 an application or petition for bankruptcy, corporate re- organisation, composition, administration, examination, arrangement or any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or procedure similar to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); foregoing under the other party ceaseslaw of any applicable jurisdiction, including without limitation, the United States of America, Bermuda or Ireland, is filed, and is not discharged within 60 days, or threatens a Party applies for or consents to ceasethe appointment of a receiver, carrying on administrator, examiner or similar officer of it or of all or a material part of its business. The Catapult assets, rights or revenues or the assets and/or the business of a Party are for any reason seized, confiscated or condemned.
8.4 Depomed shall also be entitled to forthwith terminate this Agreement at any time and for any reason by giving no less than thirty (30) days’ written notice to the Supplier. The Catapult shall also be entitled if Elan elects to terminate this the Elan License Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of under Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights 8.4 of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry Elan License Agreement.
8.5 Upon expiration or termination of this the Agreement: the Supplier shall immediately cease all further performance of the Services pursuant :
8.5.1. Any sums that were due from Newco to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material Depomed on Net Sales in the Supplier’s possession Territory or control as at the date of in such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are particular country or countries in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate Territory (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date expiration or termination of termination; and/or (ii) which this Agreement as set forth herein shall be paid in full within 60 days after the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry expiration or termination of this Agreement for any reason, shall not affect the accrued rights Territory or remedies of either party existing for such particular country or countries in the Territory (as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effectcase may be).
Appears in 1 contract
Sources: License Agreement (Depomed Inc)
Term and Termination. 15.1 This Agreement shall come into force agreement shall, unless otherwise terminated as provided in this clause 15, commence on the Commencement Effective Date and shall continue for the Initial Subscription Term and, thereafter, this agreement shall be automatically renewed for successive periods of 12 months (each a Renewal Period), unless:
(a) either party notifies the other party of termination, in full force and effectwriting, unless at least 60 days before the end of the Initial Subscription Term or any Renewal Period, in which case this agreement shall terminate upon the expiry of the applicable Initial Subscription Term or Renewal Period; or
(b) otherwise terminated earlier in accordance with the provisions of this Agreementagreement; and the Initial Subscription Term together with any subsequent Renewal Periods shall constitute the Subscription Term.
15.2 Without affecting any other right or remedy available to it, until Completion, when this Agreement shall automatically expire (the “Term”). Either either party may terminate this Agreement forthwith agreement with immediate effect by giving written notice to the other party written notice of immediate termination if if:
(a) the other party: party commits a material breach of any other term of this Agreement and agreement which breach is irremediable or (if such breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and remediable) fails to remedy that breach within thirty a period of 15 days after being notified in writing to do so;
(30b) days of being given written notice specifying the breach and requiring its remedy; becomes insolvent or other party suspends, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due within or admits inability to pay its debts or is deemed unable to pay its debts;
(c) the meaning of section 123 of the Insolvency Act 1986; other party commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the sole purpose of a scheme for a solvent amalgamation of that other party with one or more other companies or the solvent reconstruction of that other party; has ;
(d) a petition is filed, a notice is given, a resolution is passed, or an order is made, for or in connection with the winding up of that other party other than for the sole purpose of a scheme for a solvent amalgamation of that other party with one or more other companies or the solvent reconstruction of that other party; has ;
(e) an application is made to court, or an order is made, for the appointment of an administrator, or has if a notice given of intention to appoint an administratoradministrator is given or if an administrator is appointed, in respect of that party or any part of its business or assets; gives, or over the other party;
(f) the holder of a qualifying floating charge over the assets of that other party gives, notice of an intention has become entitled to appoint or has appointed an administrative receiver; has ;
(g) a liquidator, receiver, administrator person becomes entitled to appoint a receiver over the assets of the other party or administrative a receiver is appointed over the assets of the other party;
(h) a creditor or in respect encumbrancer of the other party attaches or takes possession of, or a distress, execution, sequestration or other such process is levied or enforced on or sued against, the whole or any part of that the other party’s business 's assets and such attachment or assetsprocess is not discharged within 14 days; any event occurs, or proceeding is taken, with respect to or
(i) the other party in any jurisdiction to which it is subject that has an effect equivalent suspends or similar to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); the other party ceases, or threatens to suspend or cease, carrying on all or a substantial part of its business. The Catapult shall also be entitled to terminate this Agreement at any time and for any reason by giving no less than thirty (30) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION .
15.3 On expiry or termination of this Agreement: the Supplier agreement for any reason:
(a) all licences granted under this agreement shall immediately cease all further performance of terminate and the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier Customer shall immediately cease all use of the Intellectual Property Rights relating Services and/or the Documentation;
(b) each party shall return and make no further use of any equipment, property, Documentation and other items (and all copies of them) belonging to the Services and the Deliverables in any way; other party;
(c) the Supplier shall promptly provide may destroy or otherwise dispose of any of the Customer Data in its possession in accordance with clause 6.6(c), unless the Supplier receives, no later than ten days after the effective date of the termination of this agreement, a written request for the delivery to the Catapult all Deliverables developed or created prior Customer of the then most recent back-up of the Customer Data. The Supplier shall use reasonable commercial endeavours to deliver the back-up to the date Customer within 30 days of its receipt of such a written request, provided that the Customer has, at that time, paid all fees and charges outstanding at and resulting from termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as due at the date of such termination (including termination). The Customer shall pay all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually expenses incurred by the Supplier in providing such assistance. If returning or disposing of Customer Data; and
(d) any rights, remedies, obligations or liabilities of the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) parties that have been incurred by the Supplier prior accrued up to the date of termination; and/or (ii) which , including the Supplier has committed right to pay to a third party claim damages in connection with the provision respect of any breach of the Services under a binding agreement entered into prior to which existed at or before the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason, shall not affect the accrued rights be affected or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effectprejudiced.
Appears in 1 contract
Sources: End User License Agreement
Term and Termination. This Agreement shall come into force on the Commencement Date and shall continue in full force and effect, unless a. Unless sooner terminated earlier in accordance with the provisions of this Agreement, until Completion, when this Agreement shall remain in effect for an initial term of forty (40) years after the Effective Date. Following the initial term, this agreement shall be automatically expire renewed for successive ten (10) year renewal terms unless more than 180 days --------------------------------------------------------------------------- Mutual Health Systems, Inc. - Support Services Agreement 15 prior to the “Term”). Either end of the initial term or any renewal term either party may terminate this Agreement forthwith by giving the other party written gives notice of immediate termination if termination.
b. This Agreement may be terminated by any of the other party: commits following:
i. In the event of a material breach of this Agreement and by either party, the other party shall have the right to cancel this Agreement by service of written notice upon the defaulting party (the "Default Notice"). In the event such breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and fails to remedy that breach cured within thirty (30) days after service of being given the Default Notice, this Agreement shall immediately terminate at the election of the non-defaulting party upon the giving of a written notice specifying the breach and requiring its remedy; becomes insolvent or suspends, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due within the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the purpose of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect termination to the other defaulting party in any jurisdiction to which it is subject that has an effect equivalent or similar to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); the other party ceases, or threatens to cease, carrying on its business. The Catapult shall also be entitled to terminate this Agreement at any time and for any reason by giving no less later than thirty (30) days’ days after the giving of the Default Notice, unless such breach cannot be cured within thirty (30) days and the defaulting party gives timely notice to the other party to such effect and promptly undertakes appropriate steps to effect such cure and pursues such action to conclusion.
ii. MHS may terminate this Agreement upon one (1) day's notice in the event of the dissolution or liquidation of the Group.
iii. Upon institution of any voluntary or involuntary bankruptcy, reorganization, insolvency or receivership proceedings, or any assignment for the benefit of creditors, the other party may immediately terminate this Agreement on written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: party involved in such proceedings.
c. Upon any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason, shall not affect the accrued rights or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, it is understood and agreed that the provisions right of Clauses 1Group to occupy the Clinics and to use and possession of the furniture, 8fixtures, 10furnishings, 11equipment and leasehold improvements shall terminate, 12and Group shall immediately vacate and surrender possession to MHS of the Clinics, 13furniture, 14fixtures, 15furnishings, 17equipment and leasehold improvements as well as all other materials and supplies then located in or upon the premises of such Clinics. The various rights and remedies herein provided shall be cumulative and in addition to any other rights and remedies the parties may be entitled to pursue under the law. The exercise of one or more of such rights or remedies shall not impair the rights of either party to exercise any other right or remedy at law or in equity. --------------------------------------------------------------------------- Mutual Health Systems, 18 Inc. - Support Services Agreement 16 Termination of the Agreement shall not release or discharge either party from any obligation, debt or liability which shall have previously accrued and 20 remain to 31 (inclusive) shall continue in full force and effectbe performed upon the date of termination.
Appears in 1 contract
Sources: Support Services Agreement (Mutual Health Systems Inc)
Term and Termination. 14.1 This Agreement shall come into force commence on the Commencement Contract Date and shall continue terminate upon the expiry of the Initial Period.
14.2 If the Customer wishes to extend the Agreement beyond the Initial Period, the Customer shall give written notice to Matrix no later than 1 months before the end of the Initial Period. The parties shall use all reasonable endeavours to agree the terms of the extension, including (1) the duration of the extension (the "Extension Period"), (ii) the charges payable in full force respect of the extension period, and effect(iii) any other amendments to this Agreement that the parties agree are appropriate. Subject to agreement of all such terms in writing no later than the end of the Initial Period, unless terminated earlier in accordance with the provisions of this Agreement, until Completion, when this Agreement shall automatically expire (be extended accordingly. Further Extensions Periods may also be agreed from time to time on the “Term”). Either basis set out in this Clause 14.2.
14.3 Without prejudice to any other rights or remedies to which the parties may be entitled, either party may terminate this Agreement forthwith by giving without liability to the other if:
(a) the other party written notice of immediate termination if the other party: commits a material breach of any of the terms of this Agreement and (if such a breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and remediable) fails to remedy that breach within thirty (30) 30 days of that party being given written notice specifying notified in writing of the breach breach;
(b) the other party repeatedly breaches any of the terms and requiring conditions of the Agreement in such a manner as to reasonably justify the opinion that its remedyconduct is inconsistent with it having the intention or ability to give effect to the terms and conditions of the Agreement; or
(c) the other party becomes insolvent or suspends, or threatens to suspend, payment of its debts or is unable declared insolvent, is the subject of any proceeding relating to pay its debts as they fall due within the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all liquidation, winding-up, insolvency or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the purpose of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over similar officer, makes an assignment for the assets benefit of all or in respect substantially all of any part its creditors or enters into an agreement for the composition, extension or readjustment of that party’s business all or assets; any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar to any substantially all of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); the other party ceases, or threatens to cease, carrying on its business. The Catapult shall also be entitled to terminate this Agreement at any time and for any reason by giving no less than thirty (30) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION obligations.
14.4 On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason:
(a) all licences granted under this Agreement shall immediately terminate;
(b) the Customer shall make no further use of any equipment, property, Documentation or other items (or any copy thereof) belonging to Matrix; and
(c) Matrix shall promptly deliver to the Customer all Customer Data in its possession, in Excel, CSV or such other format as the Customer may reasonably request, and certify that it has not retained any copies.
14.5 The accrued rights of the parties as at the effective date of termination, or the continuation after termination of any provision expressly stated to survive or implicitly surviving termination, shall not affect the accrued rights be affected or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effectprejudiced.
Appears in 1 contract
Sources: Software as a Service Contract
Term and Termination. (a) This Agreement shall come into force expire as follows:
(i) With respect to Vivotif ▇▇▇▇▇ and Mutacol (Orochol) ▇▇▇▇▇, at 6:00 p.m. New York time on March 31, 2007; and
(ii) With respect to Triviraten ▇▇▇▇▇ and Epaxal ▇▇▇▇▇, at 6:00 p.m. New York time on December 31, 2003.
(b) This Agreement may be terminated by the Commencement Date and shall continue in full force and effect, unless terminated earlier in accordance with other Party upon a Change of Control of either Seller or Distributor by means of the provisions other Party giving 90 days’ prior written notice. For purposes of this AgreementSection 12, until Completion“Change of Control” shall mean any direct or indirect change of control of any Party hereto including, when this but not be limited to, the purchase by, or other transfer to, in one transaction or series of transactions, a third party or third parties (other than transfers to family members or trusts for their benefit) of more than 50% of the voting securities of any Party thereto.
(c) This Agreement shall automatically expire (may be terminated immediately upon written notice by the “Term”). Either party may terminate this Agreement forthwith by giving non-insolvent Party to the other party written notice Party hereto in the event such second Party becomes insolvent or files an application in bankruptcy, if a Trustee or Receiver is appointed for such Party or if such Party makes a general assignment for the benefit of immediate termination creditors.
(d) This Agreement may be terminated immediately (i) by the non-defaulting Party, if the other party: commits a material breach of Party breaches any covenant or warranty made by it in this Agreement and such breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and fails to remedy that breach within thirty (30) days of being given written notice specifying the breach and requiring its remedy; becomes insolvent or suspendsif, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due within the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the purpose of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); the other party ceases, or threatens to cease, carrying on its business. The Catapult shall also be entitled to terminate this Agreement at any time and for any reason by giving no less than thirty (30) after 30 days’ written notice to cure any such default, the Supplier. The Catapult shall also be entitled default if not cured or (ii) by the Seller if it has failed to terminate receive any payment due pursuant to the Acknowledgement and Agreement with Respect to Accounts Payable among Seller, Distributor, and ▇▇▇▇▇▇ ▇▇▇▇▇ as guarantor, or pursuant to the promissory note payable to Seller in connection therewith, if after 10 days’ written notice to cure any such failure, the amount due remains unpaid.
(e) Termination of this Agreement by giving written notice shall not affect the obligation of immediate Distributor to pay Seller all amounts owing or to become owing under this Agreement, nor the obligation of Seller to distribute Products for which Seller accepted a purchase order, in accordance with the terms thereof, on or before the date of such termination.
(f) Under no circumstances shall the termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether upon expiration of its term or not any earlier termination, give rise to any claim by either Party for indemnification or compensation for the loss of business opportunities or any claim that it remedies those breaches; is entitled to a continuing business relationship with the provisions of Clause 15.2 apply; other Party with respect to the Supplier challenges Products, the validity of any registrations of any Intellectual Property Rights of Territory or the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of transactions contemplated by this Agreement: the Supplier shall immediately cease .
(g) Any and all further performance of the Services pursuant Marketing Materials supplied to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and Distributor in accordance with this Agreement shall be promptly returned to Seller after the Catapult’s instructions, all Confidential Information termination or expiration of the Catapult and all In-put Material in the Supplier’s possession Agreement, at no cost to Seller.
(h) Termination or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination expiration of this Agreement for shall automatically terminate any reason, shall not affect the accrued rights or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 licenses granted to 31 (inclusive) shall continue in full force and effectDistributor hereunder.
Appears in 1 contract
Sources: Distribution Agreement (Acambis PLC)
Term and Termination. 9.1 This Agreement shall come into force become effective on the Commencement Date date of its execution and shall continue in full force and effecthave a term of three (3) years from its effective date subject to earlier termination as provided herein. At the expiration of the three (3) year term, this Agreement may be renewed for subsequent terms of one (1) year each unless terminated earlier by either party upon not less than ninety (90) days written notice.
9.2 If either party should default in accordance with the provisions performance of this Agreement, until Completion, when any material obligation assumed under this Agreement (an Event of Default), then the non-defaulting party may give written notice to the defaulting party which notice shall automatically expire (specify the “Term”)Event of Default. Either After receipt of such notice, the defaulting party shall have a period of 30 days in which to cure the Event of Default. If such Event of Default is not cured within such period, then the non-defaulting party may terminate this Agreement forthwith by giving the other party at any time upon written notice to the defaulting party. Any such termination shall be without prejudice to any other rights which the non-defaulting party may have as a result of immediate termination if the other party: commits a material any breach of this Agreement and such breach is not capable of remedy; commits a material breach of Agreement.
9.3 Either party shall be entitled forthwith to terminate this Agreement which is capable of remedy and fails to remedy that breach within thirty (30) days of being given by written notice specifying to the breach and requiring its remedy; becomes insolvent other if:
(a) an encumbrancer takes possession or suspends, or threatens to suspend, payment of its debts or a receiver is unable to pay its debts as they fall due within the meaning of section 123 appointed over any of the Insolvency Act 1986; commences negotiations with all property or assets of that other party;
(b) that other party makes any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or voluntary arrangement with its creditors or becomes subject to an administration order;
(c) that other than party goes into liquidation (except for the purpose of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made to court, or an order made, for the appointment purposes of an administratoramalgamation, reconstruction or has notice given of intention other reorganisation and in such manner that the company resulting from the reorganisation effectively agrees to appoint an administrator, in respect of be bound by or to assume the obligation imposed on that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusiveunder this Agreement); the or
(d) that other party ceases, or threatens to cease, carrying to carry on its business. .
9.4 This Agreement may terminate at any time with the written agreement of both parties.
9.5 Any waiver by either party of a breach of any provision of this Agreement shall not be considered as a waiver of any subsequent breach of the same or any other provision.
9.6 The Catapult shall also be entitled rights to terminate this Agreement at given by this clause shall not prejudice any time and for any reason by giving no less than thirty other right or remedy of either party in respect of the breach concerned (30) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2if any) or more breaches of this Agreement, whether or not it remedies those breaches; any other breach.
9.7 Upon the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason, shall not affect the accrued subject as otherwise provided in this Agreement and to any rights or remedies of either obligations which have accrued prior to termination, neither party existing as at shall have any further obligation to the date of such expiry or termination. Notwithstanding expiry or termination of other under this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effect.
Appears in 1 contract
Sources: Sale of Product Agreement
Term and Termination. 7.1 This Agreement shall come into force take effect on the Commencement Date date of execution of this Agreement and shall continue remain in full force and effect, effect unless terminated earlier in accordance with the provisions of this pursuant to Clause 7.2.
7.2 This Agreement may be terminated: Consulting Services Agreement, until Completion, when this Agreement shall automatically expire (the “Term”). Either party may terminate this Agreement forthwith by
7.2.1 By either Party giving written notice to the other party written notice of immediate termination Party if the other party: commits Party has committed a material breach of this Agreement (including, but not limited to, the failure by Party B to pay the Consulting Services Fee) and such breach is not breach, if capable of remedy; commits a material , has not been so remedied within fourteen (14) days, in the case of breach of this Agreement which is capable a non-financial obligation, following the receipt of remedy and fails to remedy that breach within thirty (30) days of being given such written notice;
7.2.2 By either Party giving written notice specifying to the breach and requiring its remedy; other Party if the other Party becomes bankrupt or insolvent or suspends, is the subject of proceedings or threatens arrangements for liquidation or dissolution or ceases to suspend, payment of its debts carry on business or is becomes unable to pay its debts as they fall due within the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the purpose of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filed, become due;
7.2.3 By either Party giving written notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to the other party in Party if, for any jurisdiction reason, the operations of Party A are terminated;
7.2.4 By either Party giving written notice to which it is subject that has an effect equivalent or similar to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); the other party ceasesParty if the business license or any other license or approval material for the business operations of Party B is terminated, cancelled or threatens revoked;
7.2.5 By either Party giving written notice to cease, carrying on its businessthe other Party if circumstances arise which materially and adversely affect the performance or the objectives of this Agreement; or
7.2.6 By election of Party A with or without reason. The Catapult shall also be entitled Consulting Services Agreement
7.3 Any Party electing to terminate this Agreement at any time and for any reason by giving pursuant to Clause 7.2 shall have no less than thirty (30) days’ written notice liability to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to other Party for indemnity, compensation or damages arising solely from the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date exercise of such termination (including all copies of the same)right, and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry expiration or termination of this Agreement for any reason, shall not affect the continuing obligation of Party B to pay any Consulting Services Fees already accrued rights or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry due and payable to Party A. Upon expiration or termination of this Agreement, the provisions of Clauses 1all amounts then due and unpaid to Party A by Party B hereunder, 8as well as all other amounts accrued but not yet payable to Party A by Party B, 10, 11, 12, 13, 14, 15, 17, 18 shall thereby become due and 20 payable by Party B to 31 (inclusive) shall continue in full force and effect.Party A.
Appears in 1 contract
Term and Termination. (a) The term of this Agreement shall commence on the date hereof and shall expire thirty-six (36) months from such date (the "Initial Term"). This Agreement shall come be renewed for successive one year terms unless either party notifies the other in writing of its intent not to renew at least one hundred eighty (180) days prior to the expiration of the Term.
(b) Except as otherwise provided, herein, this Agreement may be terminated prior to expiration of the Term under any of the following circumstances:
(i) Either party may terminate this Agreement, effective immediately upon the giving of written notice to the other, if the other party files a petition in bankruptcy or files for a reorganization or for the appointment of a receiver or trustee of all or substantially all of such party's property, or makes an assignment or petitions for or enters into force on an arrangement for the Commencement Date benefit of creditors, or if a petition in bankruptcy is filed against the other party which is not discharged within ninety (90) days thereafter.
(ii) Neither NCC nor the Company shall be liable for any delay or failure in performance under this Agreement or Portions of this exhibit have been omitted pursuant to a request for confidential treatment. The omitted portions, marked "[***]," have been separately filed with the Securities and Exchange Commission. interruption of service resulting, directly or indirectly, from acts of God, civil or military authority, act of public enemies, war, accidents, fire, explosions, earthquakes, floods, the elements, strikes or any cause beyond the reasonable control of such party (a "Force Majeure"), so long as, following the cessation of such Force Majeure, such party uses its reasonable efforts to resume its performance hereunder. For purposes of this section, any failure in performance due to or arising out of the change in the millennium as may arise before, during or after the year 2000 shall continue not be considered a Force Majeure event. In the event that, following a Force Majeure, NCC is unable substantially to perform Services for a period in full force excess of twenty (20) Business Days, the Company shall have the right to terminate this Agreement upon written notice to NCC with immediate effect.
(iii) If either party hereto is in breach of a material obligation under this Agreement (other than a default involving a Monetary Obligation, which default is addressed in Section 15 hereof) due to any reason other than Force Majeure, the party alleging such breach shall give written notice to the other party specifying the nature of the breach (such breach being sometimes referred to herein as a "Default"). In the event that such breaching party in good faith disputes the existence of a Default and effectreports its reasons therefore to the other party in writing, unless terminated earlier the parties agree to work diligently to resolve the dispute. In the event the parties are unable to resolve such dispute, such dispute shall be resolved in accordance with the provisions of this AgreementSection 27 hereof. If there is no dispute with respect to the Default, until Completion, when this Agreement the party in breach shall automatically expire have ten (10) Business Days in which to cure the Default (the “Term”"Cure Period"), to the extent curable. Either If, after the Cure Period, such breaching party may has not cured such Default, the other party will have the right to terminate this Agreement forthwith by giving the other party written notice of immediate termination if the other party: commits a material breach of this Agreement and such breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and fails to remedy that breach within upon thirty (30) days prior written notice.
(iv) In the event of being given written notice specifying the breach and requiring its remedy; becomes insolvent a material change in control of NCC or suspends, a sale of all or threatens to suspend, payment substantially all of its debts assets whereupon there is a material change in the management of NCC or is unable to pay its debts as they fall due within a material negative effect in the meaning financial position of section 123 of the Insolvency Act 1986; commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the purpose of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, NCC or the holder resulting entity (an "NCC Change of a qualifying floating charge over Control"), the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); the other party ceases, or threatens to cease, carrying on its business. The Catapult shall also be entitled to Company may terminate this Agreement at any time and for any reason by giving no less than providing NCC with thirty (30) days’ days written notice of such termination at any time during the six (6) month period following such NCC Change of Control. Portions of this exhibit have been omitted pursuant to a request for confidential treatment. The omitted portions, marked "[***]," have been separately filed with the Securities and Exchange Commission.
(v) In the event that NCC receives [***] Service Deficiency Notices during any consecutive [***] period during the term hereof, the Company may, within [***] of the [***] such deficiency, terminate this Agreement upon [***] prior written notice to the SupplierNCC. The Catapult For purposes hereof, a "Service Notice Deficiency" shall also be entitled to terminate this Agreement by giving mean a written notice of immediate termination to from the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier Company that NCC has failed to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and a Service in accordance with the Catapult’s instructionsService Levels. In respect of Service Levels measured on a daily basis, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason, NCC shall not affect the accrued rights or remedies be deemed to have failed to meet any such Service Level unless and until such failure continues for more than [***] out of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effectany [***] consecutive Business Days.
Appears in 1 contract
Sources: Services Agreement (Bluefly Inc)
Term and Termination. 8.1 This Agreement shall come into force on may be terminated at any time by Vision X immediately upon written notice to the Commencement Date and shall continue Reseller in full force and effect, unless terminated earlier in accordance the event that after the date hereof:
(a) The Reseller fails to comply with the provisions MAP policy set forth in Article 10 hereof;
(b) The Reseller fails to comply with terms of this Agreementuse of the intellectual property (“IP”) of Vision X as set forth by Article 11 hereof;
8.2 Anything in Section 8.1 above to the contrary notwithstanding, until Completion, when this Agreement shall automatically expire (the “Term”). Either may also be terminated at any time by either party may terminate this Agreement forthwith by giving immediately upon written notice to the other party written notice in the event that after the date hereof:
(a) Either party shall suspend or discontinue its business, or shall make an assignment for the benefit of, or composition with, creditors, or shall become insolvent or be unable or generally fail to pay its debts when due, or either becomes in any jurisdiction a party or subject to (voluntarily or involuntarily) any liquidation or dissolution action or proceeding with respect to itself, or to any bankruptcy, reorganization, insolvency or other proceeding for the relief of immediate termination if financially distressed debtors is commenced with respect to it, or a receiver, liquidator, custodian or trustee shall be appointed for it, or a substantial part of its assets (and with respect to any involuntary action or proceeding, an order entered in the other party: commits a material breach of this Agreement and such breach proceeding is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and fails to remedy that breach dismissed within thirty (30) days of being given written notice specifying the breach and requiring days) or it shall take any action to effect or which indicates its remedy; becomes insolvent or suspends, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due within the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the purpose of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution is passed, or order made, for or acquiescence in connection with the winding up of that party; has an application made to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar to any of the events mentioned foregoing;
(b) A change in Clauses 19.2.3 control of either party takes place. For the purposes of this agreement, "control" shall mean possession, directly or indirectly, of power to 19.2.8 direct or cause the direction of management or policies (inclusivewhether through ownership of securities or partnership or other ownership interest, by contract or otherwise); ;
(c) Either party attempts to assign this Agreement or any rights or obligations hereunder without the prior written consent of the other party; or
(d) Either party ceases, or threatens to cease, carrying on its business. The Catapult shall also be entitled to terminate this Agreement at materially breaches any time and for any reason by giving no less than thirty (30) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice provision of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing fails to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of cure such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason, shall not affect the accrued rights or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effect.default within thirty
Appears in 1 contract
Sources: Reseller Agreement
Term and Termination. 13.1 This Agreement shall come into force on be deemed to have commenced as of the Commencement Effective Date and shall continue remain in full force and effect, unless terminated earlier in accordance with the provisions for a term of this Agreement, until Completion, when this Agreement shall automatically expire three (3) years (the “Initial Term”). Upon expiry of the Initial Term, this Agreement will continue in effect unless terminated by either Party on three (3) months’ written notice expiring on or after the expiry of the Initial Term.
13.2 Either party Party may terminate this Agreement forthwith or, at the terminating Party’s option, a Work Order, by giving written notice with immediate effect in the event that the other party written notice Party:
(a) becomes the subject of immediate termination if the any voluntary or involuntary bankruptcy or other party: commits a material breach of this Agreement and such breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and fails to remedy that breach within thirty (30) days of being given written notice specifying the breach and requiring its remedy; becomes insolvent insolvency, liquidation or suspends, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due within the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all or any class of its creditors with a view to rescheduling any of its debtsother similar proceeding, or makes a proposal for or enters into any compromise composition or arrangement with its creditors other than for the purpose benefit of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made to court, or an order made, for the appointment of an administratorits creditors, or has notice given of intention to appoint an administratora receiver, in respect of that party administrative receiver, liquidator or administrator appointed over all or any part of its assets or business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it that Party is subject that has an effect equivalent or similar to any of the events mentioned in Clauses 19.2.3 to 19.2.8 aforementioned events; or
(inclusive); the other party ceases, or threatens to cease, carrying on b) commits any breach of its business. The Catapult shall also be entitled to terminate obligations under this Agreement at any time and for any reason by giving no less than that it does not remedy (if capable of remedy) within thirty (30) days after written notice from the other Party of such breach.
13.3 Client shall have the right to cancel any Work Order hereunder without cause on sixty (60) days’ written notice to Almac.
13.4 In the Supplier. The Catapult shall also be entitled to terminate event that this Agreement by giving written notice of immediate termination or any Work Order is terminated or otherwise expires, Almac shall take all steps necessary to wind down and cease the affected Services in an orderly manner. Client shall pay Almac all fees for Services rendered to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the effective date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapultapplicable Work Order, plus all non-cancellable costs and out-of-pocket expenses incurred by Almac on behalf of Client in connection with or and as a result of such termination. In the event that Client terminates any Work Order on less than the period of notice set out at Section 13.3 above, Almac shall, if applicable, be entitled to charge Client for lost capacity reserved to perform the Services and which cannot, with reasonable endeavors, be substituted with an alternative project. Almac shall provide Client with an invoice for its termination expenses and charges under this Section 13.4 as soon as reasonably practicable following termination of such Work Order and winding-up of such work, including copies of such invoices and other financial information as is necessary to substantiate Almac’s instructions, all Confidential Information claim. Almac’s invoice shall be due and payable forthwith upon receipt.
13.5 Termination of this Agreement (or any Work Order) for any reason will be without prejudice to the rights and obligations of the Catapult Parties accruing up to and all In-put Material in the Supplier’s possession or control as at including the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the Any provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason, shall not affect the accrued rights which expressly or remedies of either party existing as at the date of such expiry by implication is intended to come into or termination. Notwithstanding expiry continue in force on or after termination of this Agreement, the provisions of Clauses 1including Sections 3.3, 3.4, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) 14,15 & 16 shall continue remain in full force and effect. Further, after any termination or expiration of this Agreement, this Agreement shall remain in full force and effect with respect to any outstanding Services described on any Work Orders hereto that are not completed as of the effective date of termination or expiration of this Agreement, unless such Services are specifically cancelled by written consent of both Parties.
Appears in 1 contract
Term and Termination. Certain information on this page has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted portions.
7.1 This Agreement shall come into force become effective on the Commencement Date EFFECTIVE DATE and shall continue in full force and effectshall, unless earlier terminated earlier in accordance with pursuant to Sections 7.2 or 7.3 below, continue until [*].
7.2 In the provisions event of a breach of this AgreementAgreement by one party hereto, until Completionand if such breach is not corrected within ninety (90) days after written notice complaining thereof is received by such party, when this Agreement shall automatically expire (the “Term”). Either other party may terminate this Agreement forthwith by written notice to that effect to such party.
7.3 FUJITSU shall also have the right to terminate this Agreement forthwith by giving the other party written notice of immediate termination if to AVANEX at any time, upon or after:
(a) the other party: commits filing by AVANEX of a material breach petition in bankruptcy or insolvency; or
(b) any adjudication that AVANEX is bankrupt or insolvent; or
(c) the filing by AVANEX of any legal action or document seeking reorganization, readjustment or arrangement of AVANEX's business under any law relating to bankruptcy or insolvency; or
(d) the appointment of receiver for all or substantially all of the property of AVANEX; or
(e) the making by AVANEX of any assignment for the benefit of creditors; or
(f) the institution of any proceedings for the liquidation or winding up of AVANEX's business or for the termination of its corporate charter; or
(g) the assignment to third party of all or substantially all of the assets of AVANEX; or
(h) important change in controlling ownership of AVANEX; or
(i) any activity or assistance by AVANEX or SUBSIDIARIES of challenging the validity of any LICENSED PATENTS or restricting the scope thereof.
7.4 In the event of termination of this Agreement by FUJITSU pursuant to Sections 7.2 or 7.3 above, the licenses granted hereunder to AVANEX and SUBSIDIARIES shall automatically terminate when AVANEX received or deemed to be received such breach is not capable termination notice hereunder. AVANEX shall pay the amount of remedy; commits a material breach the running royalty accrued on or before the date of this Agreement which is capable of remedy and fails to remedy that breach termination within thirty (30) days of being given written notice specifying the breach and requiring its remedy; becomes insolvent or suspends, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due within the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the purpose of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); the other party ceases, or threatens to cease, carrying on its business. The Catapult shall also be entitled to terminate this Agreement at any time and for any reason by giving no less than thirty (30) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason, shall not affect the accrued rights or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effectthereafter.
Appears in 1 contract
Term and Termination. 15.1 This Agreement shall come into force on the Commencement be for a term of ten (10) years from Effective Date and shall continue in full force and effect, unless terminated earlier in accordance with under this Agreement, provided that, unless either party gives to the provisions other party a notice of termination at least **** (****) days prior to the expiration of this Agreement, until Completionit shall be automatically renewed for **** (****) **** periods, when this Agreement and the same shall automatically expire (the “Term”). apply thereafter.
15.2 Either party may terminate this Agreement forthwith as follows:
(a) In the event that any stipulation or provision of this Agreement is breached by giving one party, the other party may, upon **** (****) days’ written notice of immediate termination to the breaching party terminate this Agreement. However, if the other party: commits a material breach of this Agreement and such breach is corrected within the **** (****) day period, and there are not capable of remedy; commits a material breach of unreimbursed damages resulting from the breach, this Agreement which is capable of remedy and fails to remedy that breach within thirty shall continue in force.
(30b) days of being given written notice specifying the breach and requiring its remedy; becomes Should one party (1) become insolvent or suspends, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due within the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all or any class of its creditors with a view to rescheduling any of its debtsmature, or makes a proposal for or enters into any compromise or arrangement with its creditors other than (2) make an assignment for the purpose benefit of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution is passedcreditors, or order made, for (3) permit or in connection with the winding up of that party; has an application made to court, or an order made, for procure the appointment of an administratora receiver for its assets, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or (4) become the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect subject of any part of that party’s business bankruptcy, insolvency or assets; any event occurssimilar proceeding, or proceeding is taken, with respect to then the other party in any jurisdiction to which it is subject that has an effect equivalent or similar to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); the other party ceasesmay, or threatens to cease, carrying on its business. The Catapult shall also be entitled to terminate this Agreement at any time and for any reason by giving no less than thirty (30) days’ thereafter, on written notice to the Supplier. The Catapult shall also be entitled to first party, effective immediately, terminate this Agreement by giving written notice Agreement.
(c) Upon agreement of immediate termination the parties to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches early terminate this Agreement.
15.3 Termination of this Agreement, whether or Agreement shall not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity relieve FRI of any registrations obligation to make payment of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier sum due to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services LMI pursuant to this Agreement Articles 6 and 7 herein, and shall not thereafter hold itself out as continuing to supply relieve the Services Receiving Party of any liability for damages to the Catapult; Disclosing Party resulting from the Supplier shall immediately cease all unauthorized disclosure or use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the CatapultKnow How, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistanceTrademarks. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination Termination of this Agreement for any reason, shall not affect the accrued terminate each parties rights or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreementand obligations under Articles 6, the provisions of Clauses 17, 8, 9, 10, 11, 12, 13, 1414 and 15.
15.4 Should this Agreement terminate then, 15pursuant to Section 13.1, 17for a period not to exceed **** (****) years following the term of this Agreement, 18 neither party shall use nor disclose any Confidential Information to any third party. The Receiving Party shall return promptly to the Disclosing Party or, with the prior written consent of the Disclosing Party, destroy all written Confidential Information including Know-How transmitted to the Receiving Party pursuant to this Agreement, together with all copies or reproductions thereof or parts thereof.
15.5 In the event that this Agreement is terminated for any reason, FRI shall cease all importation of the Products and 20 sales, distribution and manufacturing of the Finished Products, provided that FRI shall have the right to 31 (inclusive) sell in accordance with the terms of this Agreement all unsold inventories of the Finished Products in FRI’s possession unless LMI shall continue exercise the option, by written notice to FRI on or before the effective date of such termination, to repurchase all of FRI’s remaining non-expired inventory of the Products at the original import price for such inventory purchased by FRI from LMI and request FRI to destroy at FRI’s costs such non-expired inventories of the Products in full force FRI’s possession and effectprovide LMI with a certificate of destruction.
15.6 In the event of termination due to FRI’s breach, FRI agrees to transfer at a price agreed upon by both parties to LMI or its designee all Product **** and other **** or **** held by FRI necessary for continuous sale of Finished Products in the Territory.
Appears in 1 contract
Sources: License and Distribution Agreement (Lantheus Medical Imaging, Inc.)
Term and Termination. 11.1 Subject to earlier termination in accordance with this Clause 11, this Agreement shall commence on the date of signature of the Agreement and shall continue for 12 months. This Agreement shall come automatically renew for successive 12 month terms unless Client provides notice of its intention not to renew not less than 90 days prior expiry of any such term.
11.2 This Agreement may be terminated with immediate effect by either party by written notice to the other given at any time after the occurrence of any of the following events:
(a) if other party has committed a breach of any of the material terms hereof and (where such breach is capable of being remedied) has failed to remedy such breach within 7 (seven) days (or such shorter time as such party considers necessary given the circumstances taking into force on account the Commencement Date nature of the breach and shall continue in full force and effect, unless terminated earlier in accordance with its effect and/or the provisions operation of this Agreement, until Completion, when this Agreement shall automatically expire (the “Term”). Either party may terminate this Agreement forthwith by giving the other party written notice ) of immediate termination if the other party: commits receiving a material breach of this Agreement and such breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and fails to remedy that breach within thirty (30) days of being given written notice specifying the breach and requiring its remedy; becomes insolvent or suspends, or threatens to suspend, payment of its debts or ;
(b) the other party is deemed by any competent authority unable to pay its debts as they fall due within the meaning of section 123 of the Insolvency Act 1986; commences negotiations or becomes unable to pay its debts as they fall due; or suspends or threatens to suspend making payments with respect to all or any class of its debts; or becomes bankrupt; or convenes a meeting of its creditors; or proposes or makes any arrangement or composition with or assignment or moratorium for the benefit of its creditors generally or any class of creditors; or negotiations are commenced with a view to rescheduling the general re-adjustment or re-scheduling of all or any part of its debts, liabilities; or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the purpose of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution is passed, passed or order made, for any step taken with a view to the other party being adjudicated or in connection with found insolvent; or the winding up or dissolution of that the other party; has an application made to courtor the other party obtains a moratorium or other protection from its creditors; or a trustee, supervisor, administrative or an order madeother receiver, for the appointment of an administrator, liquidator or has notice given of intention to appoint an administrator, similar officer or encumbrancer is appointed in respect of that the other party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to the other party in suffers any jurisdiction to which it is subject that has an effect equivalent or similar event analogous to any of the events mentioned above in Clauses 19.2.3 to 19.2.8 any jurisdiction;
(inclusive); c) the other party ceasesceases to carry on business;
(d) there is any change in the ownership or control of the other party, or threatens to cease, carrying on its business. The Catapult shall also be entitled to terminate this Agreement at any time and for any reason by giving no less than thirty (30) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; whereupon the provisions of Clause 15.2 12 shall apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason, shall not affect the accrued rights or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effect.
Appears in 1 contract
Sources: Ticket System and Services Agreement
Term and Termination. This 11.1 The Agreement shall come into force on the Commencement Effective Date and shall continue for an agreed Initial Term set out in full force and effectthe Particulars, unless terminated earlier in accordance with subject to the provisions of this AgreementClause 11.
11.2 Either Party shall have the right, until Completion, when this exercisable by giving not less than 30 days written notice to the other at any time prior to the expiry of the Term specified in sub-Clause 11.1 (or any further period for which the Agreement shall automatically expire (has been extended) to extend the “Term”). Either party Agreement for a further period.
11.3 The Company may terminate this the Agreement forthwith on notice at any time if it discontinues or withdraws (in whole or in part) the Affiliate Programme. The Company shall use reasonable endeavours to provide the Affiliate with as much notice as is reasonably possible. Such termination shall be without any liability to the Affiliate.
11.4 Either Party may terminate the Agreement by giving to the other party not less than one month’s written notice of immediate termination if notice.
11.5 Without prejudice to any other rights or remedies to which either Party may be entitled, either Party may terminate the Agreement (without liability to the other) if:
11.5.1 any sum owing to that Party by the other party: Party under any of the provisions of the Agreement is not paid within 30 days of the due date for payment;
11.5.2 the other Party commits a any other material breach of this any of the provisions of the Agreement and such and, if the breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and , fails to remedy that breach it within thirty (30) 15 days of after being given written notice specifying giving full particulars of the breach and requiring its remedy; becomes insolvent or suspendsit to be remedied;
11.5.3 an encumbrancer takes possession, or threatens where the other Party is a company, a receiver is appointed, of any of the property or assets of that other Party;
11.5.4 the other Party makes any voluntary arrangement with its creditors or, being a company, becomes subject to suspend, payment of its debts or is unable to pay its debts as they fall due an administration order (within the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all );
11.5.5 the other Party, being an individual or any class of its creditors with firm, has a view to rescheduling any of its debtsbankruptcy order made against it or, or makes being a proposal for or enters company, goes into any compromise or arrangement with its creditors other than liquidation (except for the purpose purposes of a scheme for a solvent bona fide amalgamation or reconstruction of re- construction and in such a manner that party; has a petition filed, notice is given, resolution is passed, the company resulting therefrom effectively agrees to be bound by or order made, for or in connection with assume the winding up of obligations imposed on that party; has an application made to court, or an order made, for other Party under the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar Agreement);
11.5.6 anything analogous to any of the events mentioned foregoing under the law of any jurisdiction occurs in Clauses 19.2.3 relation to 19.2.8 (inclusive); the other party Party;
11.5.7 the other Party ceases, or threatens to cease, carrying to carry on its business. The Catapult shall also be entitled to terminate this Agreement at any time and for any reason by giving no less than thirty (30) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights or
11.5.8 control of the Catapult; and/or in the reasonable opinion other Party is acquired by any person or connected persons not having control of the Catapult any event occurs which would have a materially adverse effect that other Party on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier Agreement. For the purposes of this Clause 11, “control” and “connected persons” shall return to have the Catapult, promptly meanings ascribed thereto by Sections 1124 and in accordance with the Catapult’s instructions, all Confidential Information 1122 respectively of the Catapult and all InCorporation Tax Act 2010.
11.6 For the purposes of sub-put Material Clause 11.5.2, a breach shall be considered capable of remedy if the Party in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection breach can comply with the provision in question in all respects.
11.7 The rights to terminate the Agreement shall not prejudice any other right or remedy of either Party in respect of the Services under a binding agreement entered into prior to the date of notice of termination having been given breach concerned (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry if any) or termination of this Agreement for any reason, shall not affect the accrued rights or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effectother breach.
Appears in 1 contract
Sources: Affiliate Agreement
Term and Termination. 5.1 This Agreement MSA shall come into full force and effect on the Effective Date and shall continue thereafter until the Expiry Date of the last remaining or sole Service Order, or on the anniversary of the Effective Date in the event that no Service Order has been entered into during such period, unless terminated earlier in accordance with Clauses 2.2(C) or 5
5.2 Each Service Order shall come into full force and effect on the Commencement Date and shall continue thereafter until the Expiry Date at which time the Service Order will automatically renew for a further period of twelve months unless either Party has notified the other of its intention to terminate the Service Order on the Expiry date by providing at least 30 days written notice.
5.3 Either party shall be entitled to terminate this Agreement by notice in full force and effect, unless terminated earlier writing to the other at any time if:
(A) the other party is in accordance with the provisions breach of any of its obligations under this Agreement, until Completion, when this Agreement shall automatically expire and (where such breach is capable of remedy) fails to remedy such breach within 14 days of receipt of notice from the “Term”). Either party may terminate this Agreement forthwith by giving not so in breach requiring it to do so;
(B) an event of Force Majeure delays or prevents the performance of any obligations of either of the parties hereto for a period of at least 180 days in any 365 days;
(C) the other party written notice of immediate termination if the whilst insolvent compounds or proposes or enters into any re-organisation or other party: commits a material breach of this Agreement and such breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and fails to remedy that breach within thirty (30) days of being given written notice specifying the breach and requiring special arrangement with its remedy; becomes insolvent or suspends, or threatens to suspend, payment of its debts creditors or is unable to pay its debts as they fall due within the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all ▇▇▇ ▇▇▇▇;
(D) an encumbrancer lawfully takes possession (and does not relinquish possession within 30 days) of relevant assets or an administrative receiver or receiver is validly appointed over the whole or a substantial part of the undertaking, property or assets of the other party or an administration order is made in respect of the other party;
(E) an order is made or an effective resolution is passed or any class analogous proceedings are taken for the winding up of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors the other party other than a members’ voluntary liquidation solely for the purpose of a scheme for a solvent amalgamation or reconstruction of that partyon terms previously approved in writing by the party otherwise able to serve notice hereunder, such approval not to be unreasonably withheld; has a petition filed, notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar to or
(F) any of the events mentioned matters referred to in Clauses 19.2.3 paragraphs (C), (D) and (E) above occurs in relation to 19.2.8 (inclusive); any Holding Company for the time being of the other party ceases, or threatens to cease, carrying on its business. The Catapult party.
5.4 IXEurope shall also be entitled to terminate this Agreement at any time and for any reason by giving no less than thirty (30) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination in writing to the Supplier, if: in Customer at any 12 (twelvetime if Control of the Customer passes from the person(s) month period during who at the Term, the Supplier commits two (2date hereof exercise(s) such Control.
5.5 The termination or more breaches expiry of this Agreement, whether or not it remedies those breaches; Agreement for any reason shall be without prejudice to the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights rights and obligations of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier parties hereto accruing up to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at including the date of such termination (including all copies or expiry.
5.6 Upon termination of a Service Order for a reason other than the Customer’s breach and other than the Customer’s compliance with its obligations in relation to the removal of the same)Equipment, and IXEurope shall certify in writing refund the amount of any Advance Fees related to the Catapult that it has done so; the Supplier shall deliver Service Order to the Catapult all materials charged Customer, subject to a right of set-off in respect of any outstanding sums due to IXEurope from the Catapult as a Pass-Through Cost, that are Customer and in respect of any Monthly Recurring Charges which would have been paid by the Supplier’s possession or control and are unused as at Customer for the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer remainder of the Term had the Service Order not been terminated. In Confidence Master Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason, shall not affect the accrued rights or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effect.
Appears in 1 contract
Term and Termination. With respect to the Vessel, this Agreement shall commence from the date of this Agreement and will continue for approximately five years, unless terminated by either party hereto on not less than one hundred and twenty (120) days notice if:
(a) in the case of the Owner , there is a Change of Control of the Manager and in the case of the Manager, if there is a Change of Control of the Owner ;
(b) the other party breaches this Agreement;
(c) a receiver is appointed for all or substantially all of the property of the other party;
(d) an order is made to wind-up the other party;
(e) a final judgment, order or decree which materially and adversely affects the ability of the other party to perform this Agreement shall have been obtained or entered against that party and such judgment, order or decree shall not have been vacated, discharged or stayed; or
(f) the other party makes a general assignment for the benefit of its creditors, files a petition in bankruptcy or for liquidation, is adjudged insolvent or bankrupt, commences any proceeding for a reorganization or arrangement of debts, dissolution or liquidation under any law or statute or of any jurisdiction applicable thereto or if any such proceeding shall be commenced. The approximate termination date of this Agreement with respect to the Vessel is listed in Schedule “B” to this Agreement (the “Date of Termination”) next to the Vessel’s name. This Agreement shall come into force on be deemed to be terminated with respect to the Commencement Date and Vessel in the case of the sale of the Vessel or if she becomes a total loss or is declared as a constructive or compromised or arranged total loss or is requisitioned. Notwithstanding such deemed termination, any Fees or Costs outstanding at the time of the sale or loss shall continue in full force and effect, unless terminated earlier be paid in accordance with the provisions of this Agreement, until Completion, when this Agreement shall automatically expire (the “Term”). Either party may terminate this Agreement forthwith by giving the other party written notice of immediate termination if the other party: commits a material breach of this Agreement and such breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and fails to remedy that breach within thirty (30) days of being given written notice specifying the breach and requiring its remedy; becomes insolvent or suspends, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due within the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for For the purpose of a scheme for a solvent amalgamation this clause:
(i) the date upon which the Vessel is to be treated as having been sold or reconstruction otherwise disposed of that party; has a petition filed, notice is given, resolution is passed, or order made, for or in connection with shall be the winding up date on which the Owner ceases to be the legal owner of that party; has an application made to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; givesVessel, or the holder of a qualifying floating charge over the assets of that party givesVessel owning company, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); the other party ceases, or threatens to cease, carrying on its business. The Catapult shall also be entitled to terminate this Agreement at any time and for any reason by giving no less than thirty (30) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be;
(ii) and the Catapult Vessel shall reimburse not be deemed to be lost until either she has become an actual total loss or agreement has been reached with her underwriters in respect of her constructive, compromised or arranged total loss or if such agreement with her underwriters is not reached it is adjudged by a competent tribunal that a constructive loss of the Vessel has occurred or the Owner issue a notice of abandonment to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistanceunderwriters. If the Catapult terminates The termination of this Agreement in accordance with Clause 19.3, shall be without prejudice to all rights accrued due between the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier parties prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason, shall not affect the accrued rights or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effect.
Appears in 1 contract
Sources: Floating Rate Management Agreement (Capital Product Partners L.P.)
Term and Termination. This Agreement 11.1. The Parties agree that this Contract shall come into force on the Commencement Date and date of its signature by all Parties. However, this Contract shall continue in full force and effectbe fully effective only from the Effective Date.
11.2. In regard to UPA this Contract shall remain valid until the termination of the Agreement. In regard to the other Parties this Contract shall remain valid until the first of the following events occurs:
(i) fifteen (15) years after the Effective Date, unless terminated earlier in accordance with if this Contract is not extended by mutual agreement of the provisions of this Agreement, until Completion, when this Agreement shall automatically expire Parties;
(ii) the “Term”). Either party may mutual agreement by the Parties to terminate this Agreement forthwith by giving Contract;
(iii) at the other party written notice election of immediate termination a Party if the other party: Party commits a material breach of any term or provision of this Agreement Contract and (if such breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and remediable) fails to remedy that such breach within thirty (30) days or any other period, provided by the Party not in default;
(iv) at the election of being given written notice specifying a Party if the breach and requiring other Party (a) admits in writing its remedy; becomes insolvent or suspends, or threatens to suspend, payment of its debts or is unable inability to pay its debts generally as they fall due within become due, (b) makes a general assignment for the meaning benefit of section 123 creditors, (c) institutes proceedings to be adjudicated a voluntary bankrupt, or consents to the filing of a petition of bankruptcy against it, (d) seeks reorganization under any bankruptcy act, or consents to the filing of a petition seeking such reorganization, or (e) has a decree entered against it by a court of competent jurisdiction appointing a receiver, liquidator, trustee, or assignee in bankruptcy or in insolvency covering all or substantially all of its property or providing for the liquidation of its property or business affairs; provided, however, that this Contract may not be terminated pursuant to this Section 11.2(iv) if the other Party generally continues to do business following the occurrence of any of the Insolvency Act 1986foregoing events without committing any breach of any term or provision of this Contract (including any payment breach).
11.3. Upon termination of this Contract for any reasons whatsoever: · except as provided in this Article, the rights and the obligations of the Parties under this Contract shall immediately terminate; commences negotiations with all · UPA shall no longer be licensed to use or otherwise exploit in any way, either directly or indirectly, Know-how or any class other Intellectual Property of its creditors with a view the other parties; · UPA shall consent to rescheduling the cancellation of any formal licence granted to it, or of any registration of it in any register, in relation to this Contract; · any rights or obligations to which any of the Parties to this Contract may be entitled or be subject before its debtstermination shall remain in full force and effect; in particular, termination shall not affect or makes a proposal for prejudice any right to damages or enters into any compromise or arrangement with its creditors other than for remedy which the purpose of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, applicable Licensor may have in respect of that party the event giving rise to the termination or any part of its business other right to damages or assets; gives, or other remedy which the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or applicable Licensor may have in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); the other party ceases, or threatens to cease, carrying on its business. The Catapult shall also be entitled to terminate this Agreement at any time and for any reason by giving no less than thirty (30) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches breach of this Agreement, whether Contract that existed at or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to before the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; · termination shall not affect or prejudice the provisions regarding confidentiality, representations, warranties and covenants, limitation of liability, arbitration and governing law; · termination shall not affect or prejudice the Supplier shall cooperate with and provide such assistance to rights of any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer under any License of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier Use validly granted prior to the date of termination; · within 5 (five) days after the termination of this Contract, UPA and any other Party shall: (i) return to the applicable Licensor (or, at such Licensor's direction) all equipment, drawings, reports, spreadsheets, instruction and training manuals, tables of operating conditions, specifications, tables and procedures, and other documents, files, software, tools or materials (whether in tangible or electronic form) supplied by the applicable Licensor under this Contract and/or which contain Know-how or Intellectual Property and all copies thereof then in the possession or under the direct control of UPA or any other Party or any of their officers, directors, employees or consultants; and (ii) which deliver to the Supplier has committed to pay to applicable Licensor a third party in connection with the provision written statement confirming that all obligations regarding returning of the Services under a binding agreement entered into prior to the date of notice of termination having above stated information and/or material have been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason, shall not affect the accrued rights or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effectcomplied with.
Appears in 1 contract
Term and Termination. 13.1 This Agreement shall come into force Licence shall, unless otherwise terminated as provided in this clause 13, commence on the Commencement Effective Date and shall continue for the Initial Subscription Term and, thereafter, this Licence shall be automatically renewed for successive periods of 12 months (each a Renewal Period), unless:
13.1.1 either party notifies the other party of termination, in full force and effectwriting, unless at least 60 days before the end of the Initial Subscription Term or any Renewal Period, in which case this Licence shall terminate upon the expiry of the applicable Initial Subscription Term or Renewal Period; or
13.1.2 otherwise terminated earlier in accordance with the provisions of this AgreementLicence.
13.2 We may terminate this Licence immediately by written notice to you if:
13.2.1 you commit a material or persistent breach of this Licence which you fail to remedy (if remediable) within 14 days after the service of written notice requiring you to do so. In such circumstances, until Completionwe shall retain the Charges and fees paid in relation to the Subscription Term; or
13.2.2 you fail to pay any amount due under this Licence on the due date for payment and remains in default not less than 14 days after being notified in writing to make such payment, when this Agreement in such circumstances, we shall automatically expire (retain the “Fees paid in relation to the Subscription Term”). Either
13.3 Without affecting any other right or remedy available to it, either party may terminate this Agreement forthwith Licence with immediate effect by giving written notice to the other party written notice of immediate termination if if:
13.3.1 the other party: commits a material breach of this Agreement and such breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and fails to remedy that breach within thirty (30) days of being given written notice specifying the breach and requiring its remedy; becomes insolvent or party suspends, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due or admits inability to pay its debts or is deemed unable to pay its debts within the meaning of section 123 of the Insolvency Act 1986; ▇▇▇ ▇▇▇▇;
13.3.2 the other party commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the sole purpose of a scheme for a solvent amalgamation of that other party with one or more other companies or the solvent reconstruction of that other party; has ;
13.3.3 a petition is filed, a notice is given, a resolution is passed, or an order is made, for or in connection with the winding up of that other party other than for the sole purpose of a scheme for a solvent amalgamation of that other party with one or more other companies or the solvent reconstruction of that other party; has ;
13.3.4 an application is made to court, or an order is made, for the appointment of an administrator, or has if a notice given of intention to appoint an administratoradministrator is given or if an administrator is appointed, in respect of that party or any part of its business or assets; gives, or over the other party;
13.3.5 the holder of a qualifying floating charge over the assets of that other party gives, notice of an intention has become entitled to appoint or has appointed an administrative receiver; has ;
13.3.6 a liquidator, receiver, administrator person becomes entitled to appoint a receiver over the assets of the other party or administrative a receiver is appointed over the assets of the other party;
13.3.7 a creditor or in respect encumbrancer of the other party attaches or takes possession of, or a distress, execution, sequestration or other such process is levied or enforced on or sued against, the whole or any part of that the other party’s business 's assets and such attachment or assets; process is not discharged within 14 days;
13.3.8 any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar to any of the events mentioned in Clauses 19.2.3 clause 13.3.1 to 19.2.8 clause 13.3.7 (inclusive); or
13.3.9 the other party suspends or ceases, or threatens to suspend or cease, carrying on all or a substantial part of its business. The Catapult shall also be entitled to terminate this Agreement at any time and for any reason by giving no less than thirty (30) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches .
13.4 Any provision of this Agreement, whether agreement that expressly or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or by implication is intended to come into or continue in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect force on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On or after termination or expiry or termination of this Agreement: the Supplier agreement shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason, shall not affect the accrued rights or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue remain in full force and effect.
13.5 Termination or expiry of this agreement shall not affect any rights, remedies, obligations or liabilities of the parties that have accrued up to the date of termination or expiry, including the right to claim damages in respect of any breach of the agreement which existed at or before the date of termination or expiry.
13.6 Upon termination for any reason:
13.6.1 all rights granted to you under this Licence shall cease;
13.6.2 you must cease all activities authorised by this Licence;
13.6.3 you must immediately delete or remove the Software from all computer equipment in your possession and immediately destroy or return to us (at our option) all copies of the Software then in your possession, custody or control and, in the case of destruction, certify to us that you have done so; and
13.6.4 we shall immediately stop processing all new emails and prevent access to the Services.
13.7 Upon termination of this Licence, we are able to provide you with a read only annual licence to access your email archive environment. This licence would enable you to read, search and export data out of the environment. There is a Read Only Archive Fee for this facility as set out in the Order Form.
Appears in 1 contract
Sources: Software License Agreement
Term and Termination. 10.1 This Agreement shall come into force on the date of execution (Commencement Date Date) and shall continue in full force and effectfor a Term of twelve (12) from that date, unless terminated earlier in accordance with subject to the provisions of this Agreement, until Completion, when this Agreement shall Clause 10. Extension will automatically expire (renew unless otherwise decided by the “Term”). Supplier.
10.2 Either party Party may terminate this Agreement forthwith by giving to the other party Party not less than one (1) months written notice.
10.3 Either Party may immediately terminate this Agreement by giving written notice of immediate termination if to the other party: commits a material breach Party if:
a) any sum owing to that Party by the other Party under any of the provisions of this Agreement and such is not paid within 60 Business Days of the due date for payment;
b) the other Party commits any other breach of any of the provisions of this Agreement and, if the breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and , fails to remedy that breach it within thirty (30) days of 30 Business Days after being given written notice specifying giving full particulars of the breach and requiring its remedy; becomes insolvent or suspendsit to be remedied;
c) an encumbrancer takes possession, or threatens where the other Party is a company, a receiver is appointed, of any of the property or assets of that other Party;
d) the other Party makes any voluntary arrangement with its creditors or, being a company, becomes subject to suspend, payment of its debts or is unable to pay its debts as they fall due an administration order within the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all Act;
e) the other Party, being an individual or any class of its creditors with firm, has a view to rescheduling any of its debtsbankruptcy order made against it or, or makes being a proposal for or enters company, goes into any compromise or arrangement with its creditors other than liquidation (except for the purpose purposes of a scheme for a solvent bona fide amalgamation or reconstruction of re-construction and in such a manner that party; has a petition filed, notice is given, resolution is passed, the company resulting therefrom effectively agrees to be bound by or order made, for or in connection with assume the winding up of obligations imposed on that party; has an application made to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to the other party in any jurisdiction to which it is subject that has an effect equivalent or similar Party under this Agreement);
f) anything analogous to any of the events mentioned foregoing under the law of any jurisdiction occurs in Clauses 19.2.3 relation to 19.2.8 (inclusive); the other party Party;
(i) that other Party ceases, or threatens to cease, carrying to carry on its business. ; or
(ii) For the purposes of sub-Clause 10.3(b), a breach shall be considered capable of remedy if the Party in breach can comply with the provision in question in all respects.
(iii) The Catapult shall also be entitled rights to terminate this Agreement at given by this Clause 10 shall not prejudice any time and for any reason by giving no less than thirty other right or remedy of either Party in respect of the breach concerned (30) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2if any) or more breaches of this Agreement, whether or not it remedies those breaches; any other breach.
10.4 Upon the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason:
a) any sum owing by either Party to the other under any of the provisions of this Agreement shall become immediately due and payable;
b) all Clauses which, shall not affect either expressly or by their nature, relate to the accrued rights or remedies of either party existing as at period after the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) Agreement shall continue remain in full force and effect;
c) termination shall not affect or prejudice any right to damages or other remedy which the terminating Party may have in respect of the event giving rise to the termination or any other right to damages or other remedy which either Party may have in respect of any breach of this Agreement which existed at or before the date of termination;
d) subject as provided in this Clause 10 (Term and Termination) and except in respect of any accrued rights neither Party shall be under any further obligation to the other; and
e) each Party shall (except to the extent referred to in Clause 7 Confidentiality) immediately cease to use, either directly or indirectly, any Confidential Information, and shall immediately return to the other Party any documents in its possession or control which contain or record any Confidential Information. Advanced Health Intelligence Suite 5, ▇▇ – ▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇@▇▇▇.▇▇▇▇▇▇▇▇▇://▇▇▇.▇▇▇▇ Page 11 of 21
Appears in 1 contract
Sources: Collaboration Agreement (Advanced Health Intelligence LTD)
Term and Termination. This 10.1 The term of this Agreement shall come into force (the "Term") will commence on the Commencement Effective Date of this Agreement and shall will continue in full force and effectuntil the earlier of : (a) June 30, unless 2004; (b) the date on which this Agreement is terminated earlier in accordance with the provisions of this Agreement, until Completion, when this Agreement ; or (c) the date on which the Company's primary distribution agreement is terminated.
10.2 Each of the Company and the Joint Venturer shall automatically expire (have the “Term”). Either party may right to terminate this Agreement forthwith upon the occurrence of any of the following events, such termination to be effective immediately upon the receipt or deemed receipt by giving the other party written of notice to that effect and the expiry of immediate termination any applicable period for remedy of the default:
(a) if a party is in default of any of the other party: commits a material breach terms or conditions of this Agreement and such breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and fails to remedy that breach such default within thirty (30) 3 days of being given written notice specifying thereof from the breach and requiring its remedy; other party;
(b) if the other party becomes insolvent bankrupt or suspendsinsolvent, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due within makes an assignment for the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all or any class benefit of its creditors with or attempts to avail itself of any applicable statute relating to insolvent debtors;
(c) if the other party winds-up, dissolves, liquidates or takes steps to do so or otherwise ceases to function as a view to rescheduling going concern or is prevented from reasonably performing its duties hereunder; or
(d) if a receiver or other custodian (interim or permanent) of any of the assets of the other party is appointed by private instrument or by court order or if any execution or other similar process of any court becomes enforceable against the other party or its debts, assets or makes a proposal for or enters into any compromise or arrangement with its creditors if distress is made against the other than for the purpose of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party 's assets or any part of its business or assets; gives, or thereof.
(e) if the holder of a qualifying floating charge over the assets of that party gives, notice of an intention Joint Venturer fails to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect issue to the other party in any jurisdiction to which it is subject that has Company an effect equivalent or similar to any of the events mentioned in Clauses 19.2.3 to 19.2.8 (inclusive); the other party ceases, or threatens to cease, carrying on its business. The Catapult shall also be entitled to terminate this Agreement at any time initial purchase order for 1,000 Products and for any reason by giving no less than thirty (30) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created SSC Accessories prior to October 5, 2001.
(f) if the date of termination (whether or not complete); the Supplier shall return to the CatapultJoint Venturer's affiliated company, promptly and in accordance with the Catapult’s instructionsCyberbank Corp., all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as produces a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided personal digital assistant without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or phone/voice capabilities.
10.3 Upon termination of this Agreement for any reasonreason whatsoever, the following shall not affect apply:
(a) those rights and obligations of each of the accrued rights or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or Company and Joint Venturer which are expressly stated to survive termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 Agreement will survive termination and 20 to 31 (inclusive) shall will continue in full force and effect;
(b) all rights and privileges granted by the Company to the Joint Venturer pursuant to this Agreement, including the rights to market, distribute and sell Products, will immediately terminate and be relinquished by the Joint Venturer, and thereafter Joint Venturer shall take no action that would make it appear to the public that the Joint Venturer is still supplying Products;
(c) Joint Venturer shall return to the Company all advertising, informational or technical material given to the Joint Venturer by the Company;
(d) The Joint Venturer shall cease using the Licensed Technology, Trade Names and thereafter refrain from holding itself out as an authorized distributor of the Products;
(e) The Joint Venturer will retain in confidence all information regarding the business and property of the Company and the Products;
(f) all sub-marketing agreements and sub-distribution entered into by the Joint Venturer will terminate. The provisions of this Section 10.3 will survive the termination of this Agreement.
Appears in 1 contract
Term and Termination. 13.1 This Agreement shall come into force shall:
13.1.1 commence on the Commencement Date and shall Date; and
13.1.2 continue in full force and effectfor the Initial Term; and
13.1.3 thereafter for successive Renewal Periods, unless unless:
(a) either party notifies the other party in writing that it does not wish to extend the Agreement, such notice to be received at least 60 days before (i) the end of the Initial Term or (ii) any Renewal Period (as applicable), in which case the Agreement shall terminate upon the expiry of the Initial Term or Renewal Period (as applicable); or
(b) it is otherwise terminated earlier in accordance with the provisions of this Agreement, until Completion, when this Agreement shall automatically expire (.
13.2 Without prejudice to any other rights or remedies to which the “Term”). Either parties may be entitled:
13.2.1 either party may terminate this the Agreement forthwith by giving without liability to the other party written notice of immediate termination if the other party: other:
(a) fails to pay any amount due under the Agreement on the due date for payment and remains in default at least 30 days after being notified in writing to make such payment;
(b) commits (or its Affiliates commit) a material breach of this the Agreement and such breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and fails to remedy that breach (if remediable) within thirty (30) 60 days of that party being given written notice specifying notified in writing of the breach and requiring its remedybreach; becomes insolvent or suspends, or threatens to suspend, payment of its debts or or
(c) is unable to pay its debts as they fall due (within the meaning of section 123 of the Insolvency Act 1986; commences negotiations with ), or becomes insolvent, or is subject to an order or a resolution for its liquidation, administration, winding-up or dissolution (otherwise than for the purposes of a solvent amalgamation or reconstruction), or has an administrative or other receiver, manager, trustee, liquidator, administrator or similar officer appointed over all or any class substantial part of its creditors with a view to rescheduling any of its debtsassets, or makes a proposal for or enters into or proposes any compromise composition or arrangement with its creditors other than for the purpose of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution is passedgenerally, or order made, for or in connection with the winding up of that party; has an application made is subject to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any analogous event occurs, or proceeding is taken, with respect in any applicable jurisdiction or cease or threatens to cease to carry on business;
13.2.2 the Customer may terminate the Agreement upon 30 days’ written notice in the event that Microsoft changes the features of the Microsoft Services to such an extent that it materially degrades the Customer’s ability to use the Peppermint Solution; and
13.2.3 Peppermint may terminate the Agreement immediately without liability to the other party in any jurisdiction to which it is subject Customer if Peppermint reasonably apprehends that has an effect equivalent or similar to any of the events mentioned specified in Clauses 19.2.3 clause 13.2.1(c) is about to 19.2.8 (inclusive); the other party ceases, or threatens to cease, carrying on its business. The Catapult shall also be entitled to terminate this Agreement at any time and for any reason by giving no less than thirty (30) days’ written notice occur in relation to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate Customer and notifies the Customer accordingly;
13.3 On termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason:
13.3.1 the Customer’s and its Affiliates’ right to use the Peppermint Solution shall immediately terminate, save that Customer shall be entitled to request, by written notice, access to the Peppermint Solution for a period of not more than 12 months following termination (Transition Period) to enable the Customer to arrange for transition to a new provider, provided that Customer:
(a) provides Peppermint with at least 1 months’ written notice prior to the effective date of termination of the Agreement of the Customer’s wish to extend in this way; and
(b) pays Peppermint for such extension at its then prevailing rate along with any third party costs or fees (including those from Microsoft) incurred as a result of or related to such extension during the Transition Period and all fees due under any Statements of Work;
13.3.2 each party shall return and make no further use of any equipment, property and other items (and all copies of them) belonging to the other party;
13.3.3 to avoid doubt, all outstanding Statements of Work shall also terminate, save for any Statements of Work entered into in anticipation of the Transition Period, which shall continue in force;
13.3.4 the Customer’s access to the following data within the Peppermint Solution will cease:
(a) Customer Personal Data;
(b) Customer Data; and
(c) Usage Data;
13.3.5 the accrued rights of the parties as at termination, or the continuation after termination of any provision expressly stated to survive or implicitly surviving termination, shall not affect be affected or prejudiced; and
13.3.6 the accrued rights or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses following clauses shall continue to have effect: 1, 84, 106, 7, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effect18.12.
Appears in 1 contract
Sources: Order Form
Term and Termination. 13.1 This Agreement shall come into force on the Commencement Date and shall continue in full force and effecteffect from the Effective Date until ****, unless earlier terminated earlier in accordance with the provisions of this Agreement, until Completion, when this Agreement shall automatically expire as provided herein (the “Term”). Either party If this Agreement has not earlier terminated the parties agree to negotiate in good faith, beginning one year prior to end of the Term, for this Agreement’s continuation for another **** (****) year period, on mutually agreeable terms and conditions.
13.2 Notwithstanding anything to the contrary in Section 18.11 (“Force Majeure”), if any governmental agency, entity or authority requires (including through administrative guidance) any changes to this Agreement, PI may terminate this Agreement forthwith by giving the other party written notice of immediate termination immediately if the other party: commits changes are, in PI’s sole discretion, detrimental to PI’s interests or otherwise not reasonably acceptable to PI, without liability of any kind.
13.3 In the event that either party has committed a material breach of this Agreement and such breach is not capable of remedy; commits a material breach of this Agreement which is capable of remedy and fails to remedy that breach within thirty (30) days of being given written notice specifying the breach and requiring its remedy; becomes insolvent or suspendsAgreement, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due within the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors other than for the purpose of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution is passed, or order made, for or in connection with the winding up of that party; has an application made to court, or an order made, for the appointment of an administrator, or has notice given of intention to appoint an administrator, in respect of that party or any part of its business or assets; gives, or the holder of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or in respect of any part of that party’s business or assets; any event occurs, or proceeding is taken, with respect to the other party in shall promptly give written notice thereof to the breaching party, specifying any jurisdiction alleged material breach or breaches. The breaching party shall have sixty (60) days after the effective date of such written notice to which it is subject that has an effect equivalent have all material breaches specified either remedied or similar to any of the events mentioned in Clauses 19.2.3 to 19.2.8 waived (inclusive“cured”); . If such breaches are not so cured, the other party ceases, or threatens to cease, carrying on its business. The Catapult shall also be entitled have the right to terminate this Agreement at any time and for any reason by giving no less than thirty (30) days’ effective upon written notice to the Supplier. The Catapult notice.
13.4 A first party shall also be entitled have the right to terminate this Agreement with immediate effect by giving written notice of immediate termination to the Supplierother party at any time upon or after the occurrence of any of the following events with respect to such other party:
(a) Insolvency, if: in bankruptcy, reorganization or liquidation or filing of any 12 application therefor, or other commitment of an affirmative act of insolvency, which is not promptly removed or stayed, if (twelve1) month period during the Termfirst party does not receive prompt, satisfactory, written assurance from the Supplier commits two other party that it can meet its obligations under this Agreement, or (2) after such assurance such other party does not continue to meet such obligations;
(b) Attachment, execution or seizure of substantially all of the assets or filing of any application therefor which is not promptly released or stayed;
(c) Assignment or transfer of that portion of the business to which this Agreement pertains to a trustee for the benefit of creditors;
(d) Termination of its business or dissolution.
13.6 No failure or delay on the part of either party in exercising its right of termination hereunder for any one or more breaches causes shall be construed to prejudice its rights of this Agreement, whether termination for such cause or not it remedies those breaches; any other or subsequent cause.
13.7 In the provisions event of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry expiration or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services and the Deliverables in any way; the Supplier shall promptly provide to the Catapult all Deliverables developed or created prior to the date of termination , within sixty (whether or not complete); the Supplier shall return to the Catapult, promptly and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them60) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or termination of this Agreement for any reason, shall not affect the accrued rights or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry days after expiration or termination of this Agreement, the receiving party shall return to the disclosing party all media and documentation containing the CONFIDENTIAL INFORMATION and render unusable all said CONFIDENTIAL INFORMATION placed in any storage apparatus under the receiving party’s control. SUPPLIER will promptly produce for PI all documents in any form containing CONFIDENTIAL MANUFACTURING INFORMATION, whether made by PI or by SUPPLIER (including notes made by SUPPLIER), and whether such documents be in hard copy, electronic (including email), optical or other form.
13.8 The termination or expiration of this Agreement shall not release either party from any liability which at said date of termination or expiration has already accrued to the other party.
13.9 Notwithstanding any termination or expiration of this Agreement, the provisions of Clauses 1Articles 1 (“Definitions”), 84 (“INTELLECTUAL PROPERTY RIGHTS”), 1011 (“Warranty, 11Indemnification and Improvements”), 12and 12 (“Confidentiality”), 13Sections 13.7, 1413.8, 1513.9, 17and Articles 14 (“Government Regulations”), 18 15 (“Non-Disclosure”), and 20 to 31 17 (inclusive“Miscellaneous Provisions”) shall continue in full force and effectsurvive this Agreement.
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Term and Termination. 11.1. This Agreement shall will come into force on the Commencement Effective Date and shall continue will remain in full force and effectuntil expiry of the Option Term, unless terminated earlier in accordance with the provisions of this Agreement, until Completion, when this Agreement shall automatically expire clause 11.
11.2. Summit may (the “Term”). Either party without limiting any other remedy it may have) at any time terminate this Agreement forthwith with immediate effect by giving the other party written notice of immediate termination if to Isis and the other party: commits a University if:
11.2.1 Isis or the University is in material breach of any provision of this Agreement and such breach and, if it is not capable of remedy; commits a material , the breach has not been remedied within [**] days after receipt of this Agreement which is capable of remedy and fails to remedy that breach within thirty (30) days of being given written notice specifying the breach and requiring its remedy; or
11.2.2 Isis or the University becomes insolvent or suspendsinsolvent, or threatens to suspendif an order is made or a resolution is passed for their winding up (except voluntarily for the purpose of solvent amalgamation or reconstruction), payment of its debts or if an administrator, administrative receiver or receiver is unable to pay its debts as they fall due within appointed over the meaning of section 123 of the Insolvency Act 1986; commences negotiations with all whole or any class part of its creditors with a view to rescheduling any of its debtsIsis’ or the University’s assets, or if Isis or the University makes a proposal for or enters into any compromise or arrangement with its creditors or ceases to carry on business or does or suffers any similar or analogous act existing under the laws of any country.
11.3. Isis and the University may (without limiting any other than remedy it may have) at any time terminate this Agreement with immediate effect by giving written notice to Summit if:
11.3.1 Summit is in material breach of any provision of this Agreement and, if it is capable of remedy, the breach has not been remedied within [**] days after receipt of written notice specifying the breach and requiring its remedy; or
11.3.2 Summit becomes insolvent, or if an order is made or a resolution is passed for its winding up (except voluntarily for the purpose of a scheme for a solvent amalgamation or reconstruction of that party; has a petition filed, notice is given, resolution is passedreconstruction), or order made, for or in connection with the winding up of that party; has an application made to court, or an order made, for the appointment of if an administrator, administrative receiver or has notice given of intention to appoint an administrator, in respect of that party receiver is appointed over the whole or any part of Summit’s assets, or if Summit makes any arrangement with its creditors or ceases to carry on business or assets; givesdoes or suffers any similar or analogous act existing under the laws of any country.
11.4. Termination of this Agreement will not release any party from any obligation or liability which has fallen due or arisen before the effective date of termination of the Agreement as the case may be including as relevant any obligation to enter into a licence under any Arising IP subject to an Option Notice served prior to the date of termination or expiry of this Agreement. On termination or expiry of this Agreement:
11.4.1 In circumstances where no Option has been exercised, or the holder Summit shall transfer prosecution, filing and maintenance of a qualifying floating charge over the assets of that party gives, notice of an intention to appoint an administrative receiver; has a liquidator, receiver, administrator or administrative receiver appointed over the assets or Arising IP in respect of any part which it has conduct back to Isis as soon as reasonably possible after termination of that party’s business this Agreement;
11.4.2 In circumstances where an Option has or assets; any event occursOptions have been exercised, or proceeding is takenSummit shall use reasonable endeavours to transfer prosecution, with respect filing and maintenance of Arising IP back to Isis as soon as reasonably possible after termination of this Agreement and to the other extent such Arising IP is not the subject of an Option Notice or licence resulting from exercise of an Option
11.4.3 Summit will assign to Isis all its Intellectual Property Rights related to Arising IP created by Summit or on Summit’s behalf by a third party in any jurisdiction after the Effective Date for which no Option Notice has been served to which it is subject that has an effect equivalent or similar Isis by Summit.
11.5. In addition to any the rights of the events mentioned in Clauses 19.2.3 termination under clause 11.2, Summit may also give written notice to 19.2.8 (inclusive); the other party ceases, or threatens to cease, carrying on its business. The Catapult shall also be entitled to terminate this Agreement Isis at any time that (a) it does not wish to take a licence under any specified Arising IP, in which case such Arising IP shall no longer fall within clause 2.1 and for any reason clause 2.4 shall not apply in relation to such specified Arising IP and Isis shall thereafter be free to use and exploit that Arising IP as it thinks fit.
11.6. Summit may terminate this agreement effective from each anniversary of the Effective Date by giving no not less than thirty sixty (3060) days’ written notice to the Supplier. The Catapult shall also be entitled to terminate this Agreement by giving written notice of immediate termination to the Supplier, if: in any 12 (twelve) month period during the Term, the Supplier commits two (2) or more breaches of this Agreement, whether or not it remedies those breaches; the provisions of Clause 15.2 apply; the Supplier challenges the validity of any registrations of any Intellectual Property Rights of the Catapult; and/or in the reasonable opinion of the Catapult any event occurs which would have a materially adverse effect on the ability of the Supplier to perform the Services. CONSEQUENCES OF TERMINATION On expiry or termination of this Agreement: the Supplier shall immediately cease all further performance of the Services pursuant to this Agreement and shall not thereafter hold itself out as continuing to supply the Services to the Catapult; the Supplier shall immediately cease all use of the Intellectual Property Rights relating to the Services Isis and the Deliverables in any way; University. Such notice will provide the Supplier shall promptly provide reason for termination.
11.7. Clauses 1.1, 6.6, 7.3, 8, 9.4 to the Catapult all Deliverables developed or created prior to the date of termination (whether or not complete); the Supplier shall return to the Catapult9.10, promptly 11.4 and in accordance with the Catapult’s instructions, all Confidential Information of the Catapult and all In-put Material in the Supplier’s possession or control as at the date of such termination (including all copies of the same), and shall certify in writing to the Catapult that it has done so; the Supplier shall deliver to the Catapult all materials charged to the Catapult as a Pass-Through Cost, that are in the Supplier’s possession or control and are unused as at the date of expiry or termination; and the Supplier shall cooperate with and provide such assistance to any third party as the Catapult reasonably requests or requires to enable the Services to continue to be provided without interruption or adverse effect and to facilitate an orderly and efficient transfer of the Services (or part of them) to the Catapult or to such third party as the Catapult may nominate (as the case may be) and the Catapult shall reimburse to the Supplier the reasonable costs actually incurred by the Supplier in providing such assistance. If the Catapult terminates this Agreement in accordance with Clause 19.3, the Catapult shall reimburse to the Supplier all Pass-Through Costs and Expenses which: (i) have been incurred by the Supplier prior to the date of termination; and/or (ii) which the Supplier has committed to pay to a third party in connection with the provision of the Services under a binding agreement entered into prior to the date of notice of termination having been given (provided that the Supplier uses reasonable efforts to minimise such sums payable). Expiry or 12 will survive termination of this Agreement for any whatever reason, shall not affect the accrued rights or remedies of either party existing as at the date of such expiry or termination. Notwithstanding expiry or termination of this Agreement, the provisions of Clauses 1, 8, 10, 11, 12, 13, 14, 15, 17, 18 and 20 to 31 (inclusive) shall continue in full force and effect.
Appears in 1 contract
Sources: Option Agreement (Summit Corp PLC)