Common use of Termination for Breach or Insolvency Clause in Contracts

Termination for Breach or Insolvency. Each Party may terminate this MSA immediately if the other Party breaches the confidentiality obligations of Section 8. Either Party may also terminate this MSA upon written notice to the other Party, for any material breach by the other Party if such breach is not cured within thirty (30) days following written notice of such breach from the non-breaching Party. If Customer is late in paying fees that are due, Tealium may, without terminating this MSA, deny or otherwise suspend Services until Customer makes the overdue payments. Either Party may terminate this MSA immediately if: (a) an encumbrancer takes possession or a receiver is appointed over any of the property or assets of the other Party; (b) the other Party ceases, or threatens to cease, to carry on business; or (c) the other Party generally takes or suffers any similar action, application or proceeding to those listed in (a) - (b) above in any jurisdiction to which it is subject. Tealium may terminate this MSA on written notice to Customer if Customer breaches Section 11 of this MSA. Section 11 is replaced in its entirety with the following:

Termination for Breach or Insolvency. Each Party may terminate this MSA immediately if the other Party breaches the confidentiality obligations of Section 87. Either Party may also terminate this MSA upon written notice to the other Party, for any material breach by the other Party if such breach is not cured within thirty (30) days following written notice of such breach from the non-breaching Party. If Customer is late in paying fees that are due, Tealium may, without terminating this MSA, deny or otherwise suspend Services until Customer makes the overdue payments. Either Party may terminate this MSA immediately if: (a) an encumbrancer takes possession or a receiver is appointed over any of the property or assets of the other Party; (b) the other Party ceases, or threatens to cease, to carry on business; or (c) the other Party generally takes or suffers any similar action, application or proceeding to those listed in (a) - (b) above in any jurisdiction to which it is subject. Tealium may terminate this MSA on written notice to Customer if Customer breaches Section 11 12 of this MSA. Section 11 15 is replaced in its entirety with the following:

Termination for Breach or Insolvency. Each Party party may terminate this MSA immediately if the other Party party breaches the confidentiality obligations of Section 8. Either Party party may also terminate this MSA upon written notice to the other Partyparty, for any material breach by the other Party party if such breach is not cured within thirty (30) days following written notice of such breach from the non-breaching Partyparty. If Customer is late in paying fees that are due, Tealium may, without terminating this MSA, deny or otherwise suspend Services until Customer makes the overdue payments. Either Party party may terminate this MSA immediately if: (a) an encumbrancer takes possession or a receiver is appointed over any of the property or assets of the other Partyparty; (b) the other Party party ceases, or threatens to cease, to carry on business; or (c) the other Party party generally takes or suffers any similar action, application or proceeding to those listed in (a) - (b) above in any jurisdiction to which it is subject. Tealium may terminate this MSA on written notice to Customer if Customer breaches Section 11 of this MSA. Section 11 is replaced in its entirety with the following:

Termination for Breach or Insolvency. Each Party may terminate this MSA immediately if the other Party breaches the confidentiality obligations of Section 87. Either Party may also terminate this MSA upon written notice to the other Party, for any material breach by the other Party if such breach is not cured within thirty (30) days following written notice of such breach from the non-breaching Party. If Customer is late in paying fees that are due, Tealium may, without terminating this MSA, deny or otherwise suspend Services until Customer makes the overdue payments. Either Party may terminate this MSA immediately if: (a) an encumbrancer takes possession or a receiver is appointed over any of the property or assets of the other Party; (b) the other Party ceases, or threatens to cease, to carry on business; or (c) the other Party generally takes or suffers any similar action, application or proceeding to those listed in (a) - (b) above in any jurisdiction to which it is subject. Tealium may terminate this MSA on written notice to Customer if Customer breaches Section 11 12 of this MSA. Section 11 12 is replaced in its entirety with the following: