Rescission and Cancellation. Other than pursuant to and in accordance --------------------------- with the Cardholder Guidelines, the Servicer shall not rescind or cancel any Receivable unless such rescission or cancellation shall have been ordered or directed by a Governmental Authority.
Rescission and Cancellation. Both you and AOL Brasil may rescind or cancel your subscription at any time. You understand and agree that cancellation of your account is your sole right and solution with respect to any conflict with AOL Brasil. This includes, among other situations, any conflict in connection with or deriving from: (1) any term of this Agreement or demand or application of this Agreement on AOL's part; (2) any AOL policy or practice, including the Guidelines for the AOL Community and the AOL Privacy Policy, or the requirement or implementation of such policies; (3) the contents available through AOL or Internet or any changes in the contents provided by AOL; (4) your right to access and/or use AOL; or (5) the amount or types of monthly fees, rates, surcharges or methods of collection, or any changes in such monthly fees, rates, surcharges or methods of collection. You may cancel your subscription by notifying AOL Brasil's Subscription Department or sending your cancellation request by mail, addressed to: AOL Brasil Ltda. Xx. Xxxxxxxxxx 000 - 0/xx/ xx., CEP 09080-500 Xxxxx Xxxxx, SP, or by telephone (0xx11) 0000-0000, if you are located in the Greater Sao Paulo area, or (0xx11) 0800-787879 for other parts of Brazil. Cancellation shall be effective within 72 hours from the time of receipt of the notice, and AOL will send you a confirmation thereof in writing. If you cancel the account a few days before the due date and are inadvertently charged for the following month's fee, please contact the Subscriptions Department to have this amount reimbursed within up to three (3) business days. AOL Brasil reserves the right to collect monthly fees, surcharges or user costs pertaining to the period prior to cancellation of the subscription. In addition, you are responsible for any collections or expenses incurred with other suppliers and providers of contents before your account was cancelled. In the event that your account is rescinded or cancelled, no reimbursement shall be due, including any monthly fees; online time or other credits (e.g.: points for games online) shall not be credited to you, nor can they be converted to cash or another form of reimbursement. Active AOL subscribers may not allow that former subscribers or other individuals whose subscriptions have been cancelled use their accounts. Any accounts owing late or outstanding balances with the Community Action department or other AOL departments must be closed before you can subscribe again to AOL Brasil.
Rescission and Cancellation. As a condition to the Share Exchange, Softwall and Rxxxxxx Xxxxxxxx, the majority shareholder of Softwall, shall enter into a Consulting Agreement in the form attached hereto as Exhibit A (the "Consulting Agreement"), pursuant to which, in exchange for consulting services, Softwall shall (a) issue Mx. Xxxxxxxx a Promissory Note in the principal amount of $125,000.00 (the "Promissory Note"), in substantially the form attached to the Consulting Agreement as Exhibit 1; and (b) issue Mx. Xxxxxxxx 183,411 shares of Softwall Common Stock. In the event the Company becomes in "Default" (as defined in the Pxxxxxxx Note) under the Pxxxxxxx Note, Mx. Xxxxxxxx may, at his option, cancel and rescind the Share Exchange by delivering to the Chief Executive Officer of the Company, an executed written notice of the cancellation and rescission (the "Recession Notice"). If the Default is not cured within 5 days after receipt of the Rescission Notice, at the election of Mx. Xxxxxxxx, and with no action on the part of the Company, Softwall, Mx. Xxxxxxxx or the shareholders of the Company, (x) all Softwall Common Stock into which the Company Common Stock shall have converted shall automatically reconvert back into shares of Company Common Stock based on the reverse of the Conversion Ratio, (y) all shares of Company Common Stock issued to Softwall shall automatically be cancelled, and (z) the parties shall otherwise be restored to their relative positions as they existed prior to the Closing (the "Pxxxxxxx Option").
