Common use of Termination (curable) Clause in Contracts

Termination (curable). If the Company or Distributor materially --------------------- breaches this Agreement and if such breach remains uncured for thirty (30) days after written notice of such breach, the innocent party may terminate this Agreement for Cause by delivery of written notice of termination, effective thirty (30) days after the date of such notice. The breaching party may avoid termination by curing its breach to the non-breaching party satisfaction within the thirty- (30) day cure period. Distributor's material breach of this Agreement which the Company may find susceptible of cure include the following: If Distributor (1) fails to substantially comply with any of the terms and conditions of this Agreement, other related agreements and forms attached hereto and thereto; (2) fails, refuses or neglects to obtain the Company's prior written approval or consent as required in this Agreement; (3) fails, refuses, or neglects to promptly pay when due any amounts Distributor may owe to the Company hereunder; (4) fails to submit when due any reports, financial information, or any other information or documents required under this Agreement; (5) fails to observe or maintain any of the standards or procedures the Company prescribes herein or otherwise in writing; or (6) in the Company's sole discretion, Distributor engages or has engaged in any illegal, fraudulent, unfair or deceptive business practices.

Appears in 2 contracts

Samples: Exclusive Distribution Agreement (Applied Digital Solutions Inc), Exclusive Distribution Agreement (Applied Digital Solutions Inc)

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Termination (curable). If the Company or Distributor materially --------------------- breaches this Agreement and if such breach remains uncured for thirty (30) days after written notice of such breach, the innocent party may terminate this Agreement for Cause by delivery of written notice of termination, effective thirty (30) days after the date of such notice. The breaching party may avoid termination by curing its breach to the non-breaching party satisfaction within the thirty- thirty (30) day cure period. Distributor's ’s material breach of this Agreement which the Company may find susceptible of cure include the following: If Distributor (1) fails to substantially comply with any of the terms and conditions of this Agreement, other related agreements and forms attached hereto and thereto; (2) fails, refuses or neglects to obtain the Company's ’s prior written approval or consent as required in this Agreement; (3) fails, refuses, or neglects to promptly pay when due any amounts Distributor may owe to the Company hereunder; (4) fails to submit when due any reports, financial information, or any other information or documents required under this Agreement; (5) fails to observe or maintain any of the standards or procedures the Company prescribes herein or otherwise in writing; or (6) in the Company's ’s sole discretion, Distributor engages or has engaged in any illegal, fraudulent, unfair or deceptive business practices.. INTERNATIONAL DISTRIBUTION AGREEMENT

Appears in 1 contract

Samples: Distribution Agreement (Applied Digital Solutions Inc)

Termination (curable). If the Company or Distributor materially --------------------- breaches this Agreement and if such breach remains uncured for thirty (30) days after written notice of such breach, the innocent party may terminate this Agreement for Cause by delivery of written notice of termination, effective thirty (30) days after the date of such notice. The breaching party may avoid termination by curing its breach to the non-breaching party satisfaction within the thirty- (30) day cure period. Distributor's material breach of this Agreement which the Company may find susceptible of cure include the following: If Distributor (1) fails to substantially comply with any of the terms and conditions of this Agreement, other related agreements and forms attached hereto and thereto; (2) fails, refuses or neglects to obtain the Company's prior written approval or consent as required in this Agreement; (3) INTERNATIONAL DISTRIBUTION AGREEMENT ------------------------------------ fails, refuses, or neglects to promptly pay when due any amounts Distributor may owe to the Company hereunder; (4) fails to submit when due any reports, financial information, or any other information or documents required under this Agreement; (5) fails to observe or maintain any of the standards or procedures the Company prescribes herein or otherwise in writing; or (6) in the Company's sole discretion, Distributor engages or has engaged in any illegal, fraudulent, unfair or deceptive business practices.

Appears in 1 contract

Samples: Distribution Agreement (Applied Digital Solutions Inc)

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Termination (curable). If the Company or Distributor materially --------------------- breaches this Agreement and if such breach remains uncured for thirty (30) days after written notice of such breach, the innocent party may terminate this Agreement for Cause by delivery of written notice of termination, effective thirty (30) days after the date of such notice. The breaching party may avoid termination by curing its breach to the non-breaching party satisfaction within the thirty- (30) day cure period. Distributor's material breach of this Agreement which the Company may find susceptible of cure include the following: If Distributor (1) fails to substantially comply with any of the terms and conditions of this Agreement, other related agreements and forms attached hereto and thereto; (2) fails to meet the minimum Quota requirements within the specified period; (3) fails, refuses or neglects to obtain the Company's prior written approval or consent as required in this Agreement; (34) fails, refuses, or neglects to promptly pay when due any amounts Distributor may owe to the Company hereunder; (45) fails to submit when due any reports, financial information, or any other information or documents required under this Agreement; (56) fails to observe or maintain any of the standards or procedures the Company prescribes herein or otherwise in writing; or (67) in the Company's sole discretion, Distributor engages or has engaged in any illegal, fraudulent, unfair or deceptive business practices.

Appears in 1 contract

Samples: Distribution Agreement (Applied Digital Solutions Inc)

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