Termination of Hire and Supply of the Services by Notice Sample Clauses

Termination of Hire and Supply of the Services by Notice. 9.1. Unless the Contract is stated to be for a fixed duration, either party shall be entitled to terminate the Contract upon giving the other party not less than 2 calendar weeks’ notice. 9.2. Without affecting any other right or remedy available to it, the Supplier may terminate the Contract with immediate effect by giving notice to the Hirer if: 9.2.1. the Hirer fails to pay any amount due under the Contract on the due date for payment; 9.2.2. the Hirer commits a material breach of any other term of the Contract which breach is irremediable or (if such breach is remediable) fails to remedy that breach within a reasonable period after being notified to do so; 9.2.3. the Hirer repeatedly breaches any of the terms of the Contract in such a manner as to reasonably justify the opinion that its conduct is inconsistent with it having the intention or ability to give effect to the terms of the Contract; 9.2.4. the Hirer suspends, or threatens to suspend, payment of its debts or is unable to pay its debts as they fall due or admits inability to pay its debts or (being a company or limited liability partnership) is deemed unable to pay its debts within the meaning of section 123 of the Insolvency Act 1986 OR (being an individual) is deemed either unable to pay its debts or as having no reasonable prospect of so doing, in either case, within the meaning of section 268 of the Insolvency Act 1986 OR (being a partnership) has any partner to whom any of the foregoing apply; 9.2.5. the Hirer commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with its creditors; 9.2.6. a petition is filed, a notice is given, a resolution is passed, or an order is made, for or in connection with the winding up of the Hirer (being a company); 9.2.7. an application is made to court, or an order is made, for the appointment of an administrator, or if a notice of intention to appoint an administrator is given or if an administrator is appointed, over the Hirer (being a company); 9.2.8. the holder of a qualifying floating charge over the assets of the Hirer (being a company) has become entitled to appoint or has appointed an administrative receiver; 9.2.9. a person becomes entitled to appoint a receiver over the assets of the Hirer or a receiver is appointed over the assets of the Hirer; 9.2.10. the Hirer (being an individual) is the subject of a bankruptcy petition or ...