Common use of Termination by WCMRC Clause in Contracts

Termination by WCMRC. This Agreement may be terminated by WCMRC effective immediately upon notice to Subscriber: (a) if Subscriber has failed to pay any Subscriber Fees or any WCMRC Fees or Taxes in accordance with the terms of this Agreement; (b) if Subscriber has become insolvent, commenced an act of bankruptcy, suspended business operations or has bankruptcy, dissolution, liquidation or winding-up proceedings commenced against it (unless such proceedings are actively and diligently contested in good faith on a timely basis); or (c) if Subscriber has breached any other term of this Agreement and failed to cure such breach within five (5) days after Subscriber received written notice from WCMRC advising of such breach. This right of termination is in addition to any of WCMRC’s rights and remedies under this Agreement and at law or in equity.

Termination by WCMRC. This Agreement may be terminated by WCMRC effective immediately upon notice to Subscriber: (a) if Subscriber has failed to pay any Subscriber Fees or any WCMRC Fees or Taxes in accordance with the terms of this Agreement; (b) if Subscriber has become insolvent, commenced an act of bankruptcy, suspended business operations or has bankruptcy, dissolution, liquidation or winding-up proceedings commenced against it (unless such proceedings are actively and diligently contested in good faith on a timely basis); or (c) if Subscriber has breached any other term of this Agreement and failed to cure such breach within five (5) days after Subscriber received written notice from WCMRC fromWCMRC advising of such breach. This right of termination is in addition to any of WCMRC’s rights and remedies under this Agreement and at law or in equity.