TERMINATON. 13.1 The Club shall be entitled to terminate this Contract immediately by notice in writing to the Client if: (a) the Client commits a material breach of the Contract which cannot be remedied or which can be remedied but the Client fails to do so within a reasonable period specified by the Club; (b) the Client fails to provide, or provides false or misleading information to the Club pursuant to Clause 10.12; (c) the Client resells or transfers the Match Day Hospitality or any ticket in contravention of the provisions of Clause 10.5; (d) any procedure is commenced with a view to the winding-up or re-organisation of the Client and that procedure is not terminated or discharged within 30 days; (e) any procedure is commenced with a view to the appointment of an administrator, receiver, administrative receiver or trustees in bankruptcy in relation to the Client or its assets and that procedure is not terminated or discharged within 30 days; (f) the holder of any security over the assets of the Client takes any step to enforce that security and that enforcement is not discharged within 30 days; (g) the assets of the Client are subject to attachment, sequestration, execution or similar process and that process is not terminated or discharged within 30 days; (h) the Client is unable to pay its debts as they fall due or enters into a composition or arrangement with its creditors or any class of them; or (i) anything similar to any of the events described in clauses 13(d) to 13 (h) happens to any holding company of the Client or the Client.
Appears in 2 contracts
Sources: Hospitality Agreement, Hospitality Agreement