Common use of TERMINATION A Clause in Contracts

TERMINATION A. Except as otherwise provided herein, Licensor shall give User written notice of any material breach of this License Agreement, whereupon User shall have sixty (60) days from the date such notice is received to cure such breach (the "Cure Period"). If a complete cure is not effected within the Cure Period, or if at any time User indicates that it is unwilling or unable to cure the breach, the License Agreement shall then terminate automatically without the necessity of any further notice to User. b. This License Agreement shall terminate immediately and automatically, without the necessity of any notice to the User, in the event that User undertakes to license or assign the Marks to any person or entity without the prior written consent of the Licensor. The cure provisions of Section 9(a) shall not apply to any termination under this Section 9(b). c. To the extent permitted by law, Licensor shall have the right to terminate this License Agreement immediately upon written notice to User in the event of any affirmative act of insolvency by User, or upon the appointment of any receiver or trustee to take possession of the properties of User or upon the winding-up, sale, consolidation, merger or any sequestration by governmental authority of User. The cure provisions of Section 9(a) shall not apply to any termination under this Section 9(c). d. This License Agreement shall terminate ninety (90) days after written notice terminating this License Agreement is received by the User. The cure provisions of Section 9(a) shall not apply to any termination under this Section 9(d).

Appears in 2 contracts

Sources: License Agreement (National Investors Cash Management Fund Inc), License Agreement (National Investors Cash Management Fund Inc)