Licensee Termination Event definition

Licensee Termination Event means (I) the occurrence of a curable Licensee Event of Default described in subclause (A) above that Licensee has failed to cure within thirty (30) days written notice from Licensor of the occurrence of such default or, if such default is the failure to pay any installment or overage, within five Business Days of notice from Licensor, (II) the occurrence of a non-curable Licensee Event of Default described in subclause (A) above and (III) the occurrence of a Licensee Event of Default described in subclause (B) above. In addition to the foregoing, Licensor may terminate this Agreement upon thirty (30) days written notice to Licensee for any reason or no reason. Subject to Section 17.3 of this Schedule, in the event Licensor materially defaults in the performance of any of its material obligations hereunder or Licensor becomes insolvent, or a petition under any bankruptcy act shall be filed by or against Licensor (which petition, if filed against Licensor, shall not have been dismissed within thirty (30) days thereafter), or Licensor executes an assignment for the benefit of creditors, or a receiver is appointed for the assets of Licensor, or Licensor takes advantage of any applicable insolvency or reorganization or any other like statute (each of the above acts is hereinafter referred to as a “Licensor Event of Default”), and Licensor fails to cure such Licensor Event of Default within thirty (30) days after delivery by Licensee to Licensor of written notice of such Licensor Event of Default, then Licensee may, in addition to any and all other rights which it may have against Licensor, immediately terminate this Agreement by giving written notice to Licensor. Notwithstanding anything to the contrary contained in Sections 17.1 or 17.2 hereof, no termination of this Agreement for any reason shall relieve or discharge, or be deemed or construed as relieving or discharging, any party hereto from any duty, obligation or liability hereunder which was accrued as of the date of such termination (including, without limitation, the obligation to pay any amounts payable hereunder accrued as of such date of termination).
Licensee Termination Event means (I) the occurrence of a curable Licensee Event of Default described in subclause (A) above that Licensee has failed to cure within thirty (30) days written notice from Licensor of the occurrence of such default or, if such default is the failure to pay any installment or overage, within five (5) Business Days of notice from Licensor, (II) the occurrence of a non-curable Licensee Event of Default described in subclause (A) above and (III) the occurrence of a Licensee Event of Default described in subclause (B) above.
Licensee Termination Event means (I) the occurrence of a curable Licensee Event of Default described in subclause

Examples of Licensee Termination Event in a sentence

  • Upon the occurrence of a Licensee Termination Event described in Sections 8.1(a)(ii), Licensee may terminate the License Term after providing at least ten (10) calendar days’ written notice of termination to CFA with such termination to be effective upon the tenth calendar day following receipt by CFA.

  • Upon the occurrence of a Licensee Termination Event described in Section 8.1(a)(i), Licensee may serve CFA with written notice specifying the nature of the CFA breach, and upon the expiration of thirty (30) calendar days, if CFA shall have failed to cure or correct the CFA breach, then Licensee may terminate the License Term by serving a written notice of termination upon CFA, with such termination to be effective upon receipt by CFA.

  • Without limiting any other provision of this Agreement and subject to Section 17.3 of this Schedule, upon the occurrence of a Licensee Termination Event (as defined below), Licensor may, in addition to any and all other rights which it may have against Licensee, immediately terminate this Agreement or any license with respect to a Licensed Program by giving written notice to Licensee.

  • As used herein a "Licensee Termination Event" shall mean (I) the occurrence of a Licensee Event of Default described in subclause (A) above that Licensee has failed to cure within thirty days written notice from Licensor of the occurrence of such default or, if such default is the failure to pay any installment or overage, within five Business Days of notice from Licensor, (ii) the occurrence of a Licensee Event of Default described in subclause (B) above.

  • Subject to Section 16.5, upon the occurrence of a Licensee Termination Event (as defined below), NS8 may, in addition to any and all other rights which it may have against Licensee, immediately terminate this Agreement or any license with respect to any Software or other NS8 program by giving written notice to Licensee.


More Definitions of Licensee Termination Event

Licensee Termination Event means: (I) the occurrence of a curable Licensee Event of Default described in sub clause (A) above that Licensee has failed to cure within 30 days written notice from Licensor of the occurrence of such default; (II) the occurrence of a non-curable Licensee Event of Default described in sub clause (A)(z) above; (III) the occurrence of a Licensee Event of Default described in sub clause (B) above; and (IV) the occurrence of breach by Licensee of its confidentiality obligations under Clause 24. 17.2. [Intentionally deleted] 17.3. [Intentionally deleted]
Licensee Termination Event means (I) the occurrence of a curable Licensee Event of Default described in subclause 16.2.1 above that Licensee has failed to cure within thirty (30) days of written notice from NS8 of the occurrence of such default, (II) the occurrence of a non-curable Licensee Event of Default described in subclause 16.2.1 above (provided that any breach by Licensee of an agreement or deed under Article 22 shall be deemed a non-curable Licensee Event of Default) and (III) the occurrence of a Licensee Event of Default described in subclause 16.2.2 above. For the purposes of this Agreement, any Event of Default described in subclause 16.2.1(ii) above shall be considered "non-curable" Licensee Events of Default.
Licensee Termination Event means: (I) the occurrence of a curable Licensee Event of Default described in sub clause (A) above that Licensee has failed to cure within 30 days written notice from Licensor of the occurrence of such default; (II) the occurrence of a non-curable Licensee Event of Default described in sub clause (A)(z) above; (III) the occurrence of a Licensee Event of Default described in sub clause (B) above; and (IV) the occurrence of breach by Licensee of its confidentiality obligations under Section 23.
Licensee Termination Event means:

Related to Licensee Termination Event

  • Termination Event means an Illegality, a Tax Event or a Tax Event Upon Merger or, if specified to be applicable, a Credit Event Upon Merger or an Additional Termination Event.