Common use of Termination by SRC Clause in Contracts

Termination by SRC. Upon the occurrence of any of the following breaches (each an “LE Default”), SRC may provide written notice to LE of such LE Default and if LE does not cure such LE Default within ten (10) days, SRC may terminate this Agreement: (a) There is an assignment with respect to which SRC has not consented in accordance with Section 14.4. (b) LE makes any unauthorized use, duplication or disclosure of Confidential Information in violation of Section 9; (c) LE fails to secure and maintain appropriate insurance coverage as set forth in Section 10; (d) A petition is filed either by or against LE in any bankruptcy or insolvency proceeding, or any property of a party passes into the hands of any receiver, assignee or creditor; (e) LE materially misuses or makes an unauthorized use of SRC’s Marks in violation of Section 3; (f) LE fails to make payment of any amounts due hereunder; or (g) LE materially fails to comply with any other provision of this Agreement.