Vendor Termination Clause Samples
The Vendor Termination clause defines the conditions under which a vendor may end its contractual relationship with the other party. Typically, this clause outlines the specific events or breaches that allow the vendor to terminate the agreement, such as non-payment, insolvency, or failure to meet agreed-upon obligations. By clearly stating the grounds and procedures for termination, this clause provides a structured exit mechanism for the vendor, helping to manage risk and ensure both parties understand their rights and responsibilities in the event of early contract termination.
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Vendor Termination. Vendor may terminate this Agreement as follows:
i. Immediately upon the termination of the Reference Contract. Vendor shall endeavor to provide CPS with notice of termination or non-renewal of the Reference Contract promptly after receiving such notice from Prince William County Public Schools.
ii. With thirty (30) days advance written notice to Board in the event (a) the Board engages in a material and intentional breach of this Agreement, provided that no breach by the Board is material unless the Board is given notice of the breach and fails to cure within ninety (90) days of the notice, or (b) the Board declares bankruptcy or insolvency.
iii. With nine (9) months advance written notice to the Board without cause.
Vendor Termination. Vendor may terminate this Agreement and the licences and rights granted hereunder to You if:
(a) You are in breach of any material term of this Agreement including, without limitation, Sections 2.2, 2.3, 2.4 or 2.5; or
(b) You fail to pay any amounts owed to Vendor for the supply, support or maintenance of the Software System, or any amounts owed to Vendor under any agreement related to the Software System or the Devices (or parts, services, or accessories thereof).
Vendor Termination. Unless sooner terminated by the Authority, the Vendor may only terminate this Agreement in writing by email at least ninety (90) days prior to the: (i) expiration of the Initial Term or , if applicable, the Renewal Term; or (ii) the expiration or termination of the Hosting Term and Security Term. Prior to completion of the Web Development Services pursuant to Section 2 of this Agreement, Authority may terminate this Agreement without cause upon written notice by email to Vendor. In the event of termination without cause, Authority agrees to pay Vendor all undisputed amounts for all Website Development Services performed up to the date of termination within thirty (30) days following the Authority’s receipt of a properly documented invoice concerning the work and the copies of all such work that was completed up to the date of termination.
Vendor Termination. Red Hat may terminate the availability of a particular Vendor that offers Cloud Access with sixty (60) day notice, provided you may continue to use any Software Subscription for the remainder of the term of the Software Subscription on another Vendor’s Cloud or on your premises under the terms of this Agreement.
Vendor Termination. (a) In the event that the aggregate number of Vendor Broadband Subscriber Lines:
(b) is less than [*Material Omitted and Separately Filed Under an Application for Confidential Treatment] as of [*Material Omitted and Separately Filed Under an Application for Confidential Treatment];
(c) is less than [*Material Omitted and Separately Filed Under an Application for Confidential Treatment] as of [*Material Omitted and Separately Filed Under an Application for Confidential Treatment];
(d) is less than [*Material Omitted and Separately Filed Under an Application for Confidential Treatment] as of [*Material Omitted and Separately Filed Under an Application for Confidential Treatment]; or
(e) is less than [*Material Omitted and Separately Filed Under an Application for Confidential Treatment] as of [*Material Omitted and Separately Filed Under an Application for Confidential Treatment], CONFIDENTIAL TREATMENT REQUESTED Vendor may within thirty (30) calendar days of the applicable calendar day set forth above for the corresponding Vendor Broadband Subscriber Line threshold provide Customer with notice of termination of this Schedule C. Such termination shall become effective on the date specified in such notice (which date shall be no earlier than one hundred fifty (150) calendar days following the date of such notice and no later than the end of the Broadband Term) unless within thirty (30) calendar days of the date of such notice, the number of Vendor Broadband Subscriber Lines is equal to or greater than such corresponding threshold . In the event of such termination, (i) Customer shall have no liability to Vendor for failure to achieve the Broadband Purchase Commitments, and (ii) except with respect to the provision of Transition Assistance pursuant to this Section, Vendor shall have no liability to Customer. Upon such termination, Vendor shall provide Transition Assistance in accordance with Section 13.4 of the Master Agreement. Nothing in this Section shall be deemed to affect the obligations of Customer with respect to the Broadband Purchase Commitments so long as Vendor has not provided Customer with a notice of termination pursuant to this Section.
Vendor Termination. Vendor may terminate this agreement by giving notice to Client if Client fails to pay undisputed Fees for a period of three (3) months or more and fails to make such payment within thirty (30) days after being given notice of such failure.