Common use of Termination and Effect of Termination Clause in Contracts

Termination and Effect of Termination. (a) Either Party shall have the right to terminate this Agreement prior to the expiration of the Term in the event that the other Party (i) becomes insolvent, (ii) files a petition in bankruptcy, (iii) makes an assignment for the benefit of creditors, or (iv) breaches any material representation, obligation or covenant contained herein, unless such breach is cured prospectively, no later than thirty (30) days from the date of receipt of notice of such breach, or if not able to be so cured, then resolved to the other Party’s satisfaction, not to be unreasonably withheld.

Termination and Effect of Termination. (a) Either Party party shall have the right to terminate this Agreement prior to the expiration of the Term in the event that the other Party party (i) becomes insolvent, (ii) files a petition in bankruptcy, (iii) makes an assignment for the benefit of creditors, or (iv) breaches any material representation, obligation or covenant contained herein, unless such breach is cured prospectively, no later than thirty (30) days from the date of receipt of notice of such breach, or if not able to be so cured, then resolved to the other Partyparty’s satisfaction, not to be unreasonably withheld.

Termination and Effect of Termination. (a) Either Party In addition to Audible’s rights in sections 1b, 1c, 13a and 13b, either party shall have the right to terminate this Agreement prior to the expiration of the Term in the event that the other Party party (i) becomes insolvent, (ii) files a petition in bankruptcy, (iii) makes an assignment for the benefit of creditors, or (iv) breaches any material representation, obligation or covenant contained herein, unless such breach is cured, or if not able to be cured prospectivelythen resolved to the other party’s reasonable satisfaction, no later than thirty (30) days from the date of receipt of notice of such breach, or if not able to be so cured, then resolved to the other Party’s satisfaction, not to be unreasonably withheld.