Common use of Termination and Termination Charges Clause in Contracts

Termination and Termination Charges. Either we or you may terminate this Agreement or Service(s) or both) immediately on notice, if the other (i) is the subject of a bankruptcy order, becomes insolvent, makes any arrangement or composition with or assignment for the benefit of its creditors, goes into voluntary (otherwise than for reconstruction or amalgamation) or compulsory liquidation, has a receiver or administrator appointed over its assets, or if the equivalent of any such events, under the laws of any relevant jurisdiction, occurs to the other party, (ii) commits a material breach of this Agreement, which is capable of remedy, and fails to remedy the breach within fifteen days’ written notice to do so; or (iii) commits a material breach of this Agreement which cannot be remedied. In addition, we may terminate either (i) this Agreement; (ii) any Service; or (iii) both, (a) if you fail to make any payment in accordance with these terms having been given seven (7) days’ written notice of such nonpayment or (b) for your breach of our Acceptable Use Policy, per the terms below. 10.1 On the occurrence of any of the events detailed in the previous paragraph giving us a right to terminate this Agreement or Service(s), we may suspend Service(s), without prejudice to our right to terminate this Agreement or the applicable Service. In the event of termination of a Service and/or this Agreement by us under the previous paragraph as a result of a payment default by you, we shall have the right to retain your equipment on our premises (if any) pending satisfaction in full of your payment obligations under this Agreement.

Termination and Termination Charges. Either we or you may terminate this Agreement or Service(s) or both) immediately on notice, if the other (i) is the subject of a bankruptcy order, becomes insolvent, makes any arrangement or composition with or assignment for the benefit of its creditors, goes into voluntary (otherwise than for reconstruction or amalgamation) or compulsory liquidation, has a receiver or administrator appointed over its assets, or if the equivalent of any such events, under the laws of any relevant jurisdiction, occurs to the other party, (ii) commits a material breach of this Agreement, which is capable of remedy, and fails to remedy the breach within fifteen days’ written notice to do so; or (iii) commits a material breach of this Agreement which cannot be remedied. In addition, we may terminate either (i) this Agreement; (ii) any Service; or (iii) both, (a) if you fail to make any payment in accordance with these terms having been given seven (7) days’ written notice of such nonpayment or (b) for your breach of our Acceptable Use Policy, per the terms below.to 10.1 On the occurrence of any of the events detailed in the previous paragraph giving us a right to terminate this Agreement or Service(s), we may suspend Service(s), without prejudice to our right to terminate this Agreement or the applicable Service. In the event of termination of a Service and/or this Agreement by us under the previous paragraph as a result of a payment default by you, we shall have the right to retain your equipment on our premises (if any) pending satisfaction in full of your payment obligations under this Agreement.