Common use of A Party Clause in Contracts

A Party. (“First Party”) may terminate this Agreement at any time and (except as otherwise stated) immediately upon giving written notice to the other Party if the other Party: (a) breaches any substantive term of this Agreement and: (i) (if the breach is capable of remedy) fails to remedy the breach within ten (10) Business Days after receiving notice from the First Party in writing specifying the breach and requiring it to remedy same; or (ii) (if the breach cannot be remedied) fails to take steps to prevent the recurrence of the breach to the reasonable satisfaction of the First Party; or (b) becomes insolvent as defined in section 95A(2) of the Corporations ▇▇▇ ▇▇▇▇ (Cth).

Appears in 2 contracts

Sources: Service Agreement, Service Agreement

A Party. (“First Party”) may terminate this Agreement at any time and (except as otherwise stated) immediately upon giving written notice to the other Party if the other Party: (a) breaches any substantive term of this Agreement and: (i) (if the breach is breachis capable of remedy) fails to remedy the breach within ten (10) Business Days after receiving notice from the First Party in Partyin writing specifying the breach and requiring it to remedy same; or (ii) (if the breach cannot be remedied) fails to take steps to prevent the recurrence of the breach to the reasonable satisfaction of the First Party; or (b) becomes insolvent as defined in section 95A(2) of the Corporations ▇▇▇ ▇▇▇▇ Act 2001 (Cth).

Appears in 1 contract

Sources: Service Agreement

A Party. (“First Party”) may terminate this Agreement at any time and (except as otherwise stated) immediately upon giving written notice to the other Party if the other Party: (a) breaches any substantive anysubstantive term of this Agreement and: (i) (if the breach is capable of remedy) fails to remedy the breach within ten (10) Business Days after receiving notice from the First Party in writing specifying the breach and requiring it to remedy same; or (ii) (if the breach cannot be remedied) fails to take steps to prevent the recurrence of the breach to the reasonable satisfaction of the First Party; or (b) becomes insolvent as defined in section 95A(2) of the Corporations ▇▇▇ ▇▇▇▇ Act 2001 (Cth).

Appears in 1 contract

Sources: Service Agreement