Common use of Termination for Nonpayment Clause in Contracts

Termination for Nonpayment. In the event of the nonpayment of fees owed to DSI, DSI shall provide written notice of delinquency to all parties to this Agreement. Any party to this Agreement shall have the right to make the payment to DSI to cure the default. If the past due payment is not received in full by DSI within one month of the date of such notice, then DSI shall have the right to terminate this Agreement at any time thereafter by sending written notice of termination to all parties. DSI shall have no obligation to take any action under this Agreement so long as any payment due to DSI remains unpaid.

Appears in 22 contracts

Samples: Software License Agreement (Vital Images Inc), Stock Purchase Agreement (Utstarcom Inc), Stock Purchase Agreement (Interwave Communications International LTD)

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Termination for Nonpayment. In the event of the nonpayment of fees owed to DSI, DSI shall provide written notice of delinquency to all parties to this Agreement. Any party to this Agreement shall have the right to make the payment to DSI to cure the default. If the past due payment is not received in full by DSI within one (1) month of the date of such notice, then DSI shall have the right to terminate this Agreement at any time thereafter by sending written notice of termination to all parties. DSI shall have no obligation to take any action under this Agreement so long as any payment due to DSI remains unpaid.

Appears in 14 contracts

Samples: Escrow Agreement (Specialty Underwriters Alliance, Inc.), Internet Services Agreement (Local Matters Inc.), Internet Services Agreement (Local Matters Inc.)

Termination for Nonpayment. In the event of the nonpayment of fees owed to -------------------------- DSI, DSI shall provide written notice of delinquency to all parties to this Agreement. Any party to this Agreement shall have the right to make the payment to DSI to cure the default. If the past due payment is not received in full by DSI within one month of the date of such notice, then DSI shall have the right to terminate this Agreement at any time thereafter by sending written notice of termination to all parties. DSI shall have no obligation to take any action under this Agreement so long as any payment due to DSI remains unpaid.

Appears in 4 contracts

Samples: Preferred Escrow Agreement (Vignette Corp), Preferred Escrow Agreement (Vignette Corp), Software Agreement (Integral Systems Inc /Md/)

Termination for Nonpayment. In the event of the nonpayment of fees owed to DSI, DSI shall provide written notice of delinquency to all parties to this Agreement. Any party to this Agreement shall have the right to make the payment to DSI to cure the default. If the past past-due payment is not received in full by DSI within one month of the date of such notice, then DSI shall have the right to terminate this Agreement at any time thereafter by sending written notice of termination to all parties. DSI shall have no obligation to take any other action under this Agreement agreement so long as any payment due to DSI remains unpaid.

Appears in 3 contracts

Samples: Software Distribution Agreement (Quintus Corp), Software Distribution Agreement (Quintus Corp), Software Distribution Agreement (Quintus Corp)

Termination for Nonpayment. In the event of the nonpayment of fees owed to DSI, DSI shall provide written notice of delinquency to all parties to this Agreement. Any party to this Agreement shall have the right to make the payment to DSI to cure the default. If the past due payment is not received in full by DSI within one month of the date of such notice, then DSI shall have the right to terminate this Agreement at any time thereafter by sending written notice of termination to all parties. DSI shall have no obligation to take any action release the Deposit Materials under this Agreement so long as any payment due to DSI remains unpaid.

Appears in 2 contracts

Samples: Agreement (Authentidate Holding Corp), Agreement (Authentidate Holding Corp)

Termination for Nonpayment. In the event of the nonpayment of fees -------------------------- owed to DSI, DSI shall provide written notice of delinquency to all parties to this Agreement. Any party to this Agreement shall have the right to make the payment to DSI to cure the default. If the past past-due payment is not received in full by DSI within one month of the date of such notice, then DSI shall have the right to terminate this Agreement at any time thereafter by sending written notice of termination to all parties. DSI shall have no obligation to take any other action under this Agreement so long as any payment due to DSI remains unpaid.

Appears in 2 contracts

Samples: Oem Software License Agreement (Numerical Technologies Inc), Oem Software License Agreement (Numerical Technologies Inc)

Termination for Nonpayment. In the event of the nonpayment of fees owed to DSI, DSI shall provide written notice of delinquency to all parties to this Agreement. Any party to this Agreement shall have the right to make the payment to DSI to cure the default. If the past due payment is not received in full by DSI within one month of the date of such notice, then DSI shall have the right to terminate this Agreement at any time thereafter by sending written notice of termination to all parties. DSI shall have no obligation to take any action under this Agreement so long as any payment due to DSI remains unpaid.. APPENDIX 5

Appears in 1 contract

Samples: Supply Agreement (Summa Four Inc)

Termination for Nonpayment. In the event of the nonpayment of fees owed to DSI, DSI shall provide written notice of delinquency to all parties Parties to this Agreement. Any party to this Agreement shall have the right to make the payment to DSI to cure the default. If the past due payment is not received in full by DSI within one month of the date of such notice, then DSI shall have the right to terminate this Agreement at any time thereafter by sending written notice of termination to all partiesParties. DSI shall have no obligation to take any action under this Agreement so long as any payment due to DSI remains unpaid.

Appears in 1 contract

Samples: Escrow Agreement (Z Tel Technologies Inc)

Termination for Nonpayment. In the event of the nonpayment of fees owed to DSI, DSI shall provide written notice of delinquency to all parties Parties to this Agreement. Any party to this Agreement shall have the right to make the payment to DSI to cure the default. If the past due payment is not received in full by DSI within one (1) month of the date of such notice, then DSI shall have the right to terminate this Agreement at any time thereafter by sending written notice of termination to all partiesParties. DSI shall have no obligation to take any action under this Agreement so long as any payment due to DSI remains unpaid.

Appears in 1 contract

Samples: License Agreement (Transmeta Corp)

Termination for Nonpayment. In the event of the nonpayment of fees owed to DSI, DSI shall provide written notice of delinquency to all parties to this Agreement. Any party to this Agreement shall have the right to make the payment to DSI to cure the defaultDepositor. If the past due payment is not received in full by DSI within one month of the date of such notice, then DSI shall have the right to terminate this Agreement at any time thereafter by sending written notice of termination to all parties. DSI shall have no obligation to take any action under this Agreement so long as any payment due to DSI remains unpaid.

Appears in 1 contract

Samples: Software License Agreement (Intervideo Inc)

Termination for Nonpayment. In the event of the nonpayment of fees owed owned to DSI, DSI shall provide written notice of delinquency to all parties to this Agreement. Any party to this Agreement shall have the right to make the payment to DSI to cure the default. If the past past-due payment is not received in full by DSI within one month of the date of such notice, then DSI shall have the right to terminate this Agreement at any time thereafter by sending written notice of termination to all parties. DSI shall have no obligation to take any other action under this Agreement so long as any payment due to DSI remains unpaid.

Appears in 1 contract

Samples: Software License Agreement (Accrue Software Inc)

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Termination for Nonpayment. In the event of the nonpayment of fees owed to DSIDSI by Preferred Beneficiary, DSI shall provide written notice of delinquency to all parties Parties to this Agreement. Any party to this Agreement shall have the right to make the payment to DSI to cure the default. If the past due payment is not received in full by DSI within one month of the date of such notice, then DSI shall have the right to terminate this Agreement at any time thereafter by sending written notice of termination to all partiesthereafter. DSI shall have no obligation to take any action under this Agreement so long as any payment due to DSI remains unpaid.

Appears in 1 contract

Samples: Technology and Database License Agreement (Genaissance Pharmaceuticals Inc)

Termination for Nonpayment. In the event of the nonpayment of fees owed -------------------------- to DSI, DSI shall provide written notice of delinquency to all parties to this Agreement. Any party to this Agreement shall have the right to make the payment to DSI to cure the default. If the past due payment is not received in full by DSI within one month of the date of such notice, then DSI shall have the right to terminate this Agreement at any time thereafter by sending written notice of termination to all parties. DSI shall have no obligation to take any action under this Agreement so long as any payment due to DSI remains unpaid.

Appears in 1 contract

Samples: Development, Access and License Agreement (Online System Services Inc)

Termination for Nonpayment. In the event of the nonpayment of fees owed to DSI, DSI shall provide written notice of delinquency to all parties to this Agreement. Any party Party to this Agreement shall have the right to make the payment to DSI to cure the default. If the past due payment is not received in full by DSI within one month of the date of such notice, then then, DSI shall have the right to terminate this Agreement at any time thereafter by sending written notice of termination to all parties. DSI shall have no obligation to take any action under this Agreement so long as any payment due to DSI remains unpaid.

Appears in 1 contract

Samples: Operations Agreement (Optimark Technologies Inc)

Termination for Nonpayment. In the event of the nonpayment of fees -------------------------- owed to DSI, DSI shall provide written notice of delinquency to all parties to this Agreement. Any party to this Agreement shall have the right to make the payment to DSI to cure the default. If the past due payment is not received in full by DSI within one month of the date of such notice, then DSI shall have the right to terminate this Agreement at any time thereafter by sending written notice of termination to all parties. DSI shall have no obligation to take any action under this Agreement so long as any payment due to DSI remains unpaid.

Appears in 1 contract

Samples: Software Agreement (Lifef X Inc)

Termination for Nonpayment. In the event of the nonpayment of fees owed to DSI, DSI shall provide written notice of delinquency to all parties to this Agreement. Any party to this Agreement shall have the right to make the payment to DSI to cure the default. If the past due payment is not received in full by DSI within one month thirty days of the date of such notice, then DSI shall have the right to terminate this Agreement at any time thereafter by sending written notice of termination to all parties. DSI shall have no obligation to take any action under this Agreement so long as any payment due to DSI remains unpaid.

Appears in 1 contract

Samples: Comprehensive Preferred Escrow Agreement (Inspire Insurance Solutions Inc)

Termination for Nonpayment. In the event of the nonpayment of fees owed to DSI, DSI shall provide written notice of delinquency to all parties to this Agreement. Any party to this Agreement shall have the right to make the payment to DSI to cure the default. If the past due payment is not received in full by DSI within one month thirty (30) days of the date of such noticenotice of delinquency, then DSI shall have the right to terminate this Agreement at any time thereafter by sending written notice of termination to all parties. DSI shall have no obligation to take any action under this Agreement so long as any payment due to DSI remains unpaid.

Appears in 1 contract

Samples: Comprehensive Preferred Escrow Agreement (Inspire Insurance Solutions Inc)

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