Common use of Termination by Client Clause in Contracts

Termination by Client. The Client shall be entitled to terminate this CSA, without liability, cost or penalty: on written notice to the Supplier, if any Proceeding in bankruptcy, receivership, liquidation or insolvency is commenced against the Supplier or its property; on written notice to the Supplier, if the Supplier makes an assignment for the benefit of its creditors, becomes insolvent, commits an act of bankruptcy, ceases to carry on its business or affairs as a going concern, files a notice of intention or a proposal or seeks any arrangement or compromise with its creditors under any statute or otherwise; on written notice to the Supplier, following the occurrence of any material change in the Client’s requirements which results from regulatory or funding changes or recommendations issued by any government or public regulatory body; at any time, without cause, by giving the Supplier at least thirty (30) days written notice; or, in accordance with any provision of the Master Agreement or this CSA which provides for termination. In the event of termination, the Client shall furnish OOLC with a copy of the termination notice.

Appears in 2 contracts

Samples: Client Supplier Agreement, Client Supplier Agreement

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Termination by Client. The Client shall be entitled to terminate this the CSA, without liability, cost or penalty: on written notice to the Supplier, if any Proceeding in bankruptcy, receivership, liquidation or insolvency is commenced against the Supplier or its property; on written notice to the Supplier, if the Supplier makes an assignment for the benefit of its creditors, becomes insolvent, commits an act of bankruptcy, ceases to carry on its business or affairs as a going concern, files a notice of intention or a proposal or seeks any arrangement or compromise with its creditors under any statute or otherwise; on written notice to the Supplier, following the occurrence of any material change in the Client’s requirements which results from regulatory or funding changes or recommendations issued by any government or public regulatory body; at any time, without cause, by giving the Supplier at least thirty (30) days written notice; or, in accordance with any provision of the Master Agreement or this the CSA which provides for termination. In the event of termination, the Client shall furnish OOLC with a copy of the termination notice.

Appears in 1 contract

Samples: Client Supplier Agreement

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Termination by Client. The Client shall be entitled to terminate this CSA, without liability, cost or penalty: on written notice to the Supplier, if any Proceeding in bankruptcy, receivership, liquidation or insolvency is commenced against the Supplier or its property; on written notice to the Supplier, if the Supplier makes an assignment for the benefit of its creditors, becomes insolvent, commits an act of bankruptcy, ceases to carry on its business or affairs as a going concern, files a notice of intention or a proposal or seeks any arrangement or compromise with its creditors under any statute or otherwise; on written notice to the Supplier, following the occurrence of any material change in the Client’s requirements which results from regulatory or funding changes or recommendations issued by any government or public regulatory body; at any time, without cause, by giving the Supplier at least thirty (30) days written notice; or, in accordance with any provision of the Master Agreement or this CSA which provides for termination. In the event of termination, the Client shall furnish OOLC with a copy of the termination notice. This must be sent to xxxxxxxx@xxxxxxxxxxxxxx.xx along with the final monthly report.

Appears in 1 contract

Samples: Client Supplier Agreement

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