Common use of Cause for Termination Clause in Contracts

Cause for Termination. The license granted in this Agreement shall terminate automatically and without further notice upon the occurrence of expiration of the term, specified in Section 1.02 or of any renewal term in the absence of a subsequent renewal in accordance with the terms of this Agreement. Licensor may terminate this Agreement in the event that (a) Licensee discloses the Software to a third party, whether directly or indirectly and whether inadvertently or purposefully, or (b) Licensee attempts to use, copy, license, or convey the Software in any manner contrary to the terms of this Agreement or in derogation of Licensor's proprietary rights in the Application Software. In addition, either party may terminate this Agreement (and all licenses granted hereunder) at any time if (a) the other party breaches any term hereof (other than breaches by Licensee pursuant to the preceding sentence) or the Marketing Agreement and fails to cure such breach within 30 days after receipt of written notice, (b) the other party shall be or becomes insolvent, (c) the other party makes an assignment for the benefit of creditors, (d) there are instituted by the other party proceedings in bankruptcy or under any insolvency or similar law or for reorganization, receivership or dissolution, (e) there are instituted against the other party proceedings in bankruptcy or under any insolvency or similar law or for reorganization, receivership or dissolution, which proceedings are not dismissed within 60 days, or (f) the other party ceases to do business.

Cause for Termination. The license granted in this Agreement shall terminate automatically and without further notice upon the occurrence of expiration of the term, specified in Section 1.02 or of any renewal term in the absence of a subsequent renewal in accordance with the terms of this Agreement. Licensor may terminate this Agreement in the event that (a) Licensee discloses the Software to a third partyparty except as authorized herein, whether directly or indirectly and whether inadvertently or purposefully, or (b) Licensee attempts to use, copy, license, or convey the Software in any manner contrary to the terms of this Agreement or in derogation of Licensor's Licensors proprietary rights in the Application Software. In addition, either party may terminate this Agreement (and all licenses granted hereunder) at any time if (a) the other party breaches any material term hereof (other than breaches by Licensee pursuant to the preceding sentence) or the Marketing Agreement and fails to cure such breach within 30 days after receipt of written notice, (b) the other party shall be or becomes insolvent, (c) the other party makes an assignment for the benefit of creditors, (d) there are instituted by the other party proceedings in bankruptcy or under any insolvency or similar law or for reorganization, receivership or dissolution, (e) there are instituted against the other party proceedings in bankruptcy or under any insolvency or similar law or for reorganization, receivership or dissolution, which proceedings are not dismissed within 60 days, or (f) the other party ceases to do business. In the event that Licensor terminates this Agreement pursuant to this Section, Licensor may invoke all rights Licensor possesses upon termination.