Termination by Either Party for Cause. Either party may terminate this Agreement immediately, upon written notice, without liability to the other, if the other party becomes insolvent or liquidates or terminates its business or is adjudicated bankrupt or makes an assignment for the benefit of creditors or invokes the provisions of any law for the relief of debtors or files for or has filed against it any similar proceeding or generally becomes unable to pay its debts as they become due. If either party defaults in the performance of, or compliance with any of its material obligations under, this Agreement, and such default has not been remedied or cured within thirty (30) days after the other party gives the breaching party written notice specifying the default, or if the nature of the default is such that more than thirty (30) days are required for the cure thereof, and the breaching party fails to commence its effort to cure such breach or default within such thirty (30) days and to diligently prosecute the same to completion thereafter, then the non-breaching party may immediately terminate this Agreement upon providing written notice thereof.
Appears in 6 contracts
Samples: Subscription End User License Agreement, Perpetual End User License Agreement, Perpetual End User License Agreement
