Common use of Vendor will Clause in Contracts

Vendor will. be in default of this Agreement after written notice of event of default with no cure after thirty (30) days if: 1) Vendor becomes insolvent, liquidates, is adjudicated as bankrupt, makes an assignment for the benefit of creditors, invokes any provision of law for the relief of debtors, or initiates any proceeding seeking protection from its creditors; or 2) Vendor violates any applicable laws or other legal requirements which results in a material adverse impact on the provision of services to Sprint hereunder; or 3) Vendor fails to acquire and/or maintain necessary Right-of-Way for the uninterrupted use of the Route as required under this Agreement; or 4) Vendor fails to provide maintenance and/or repair services to the Route as outlined in this Agreement; or 5) Vendor fails to perform any material obligation under this Agreement; or as expressly provided in Article 4.10. FiveCom LLC Agreement PROPRIETARY INFORMATION 03/31/98 -- v4.0 14 Confidential Materials omitted and filed separately with the Securities and Exchange Commission. Asterisks denote omissions.