Common use of By the Provider Clause in Contracts

By the Provider. The Provider may, at its sole option, terminate this Agreement by giving written notice of termination to the Recipient at least ninety (90) days prior to the date of such termination, but only in the event of occurrence of one or more of the following events: (a) If by reason of any applicable legislation or act of the governments of the countries of either party, the performance of any material obligations under this Agreement, the Services hereunder or the remittance of any money payable hereunder is prohibited, or (b) If for any reason other than the default of the Provider, the Recipient fails or is unable to perform any of its material obligations under this Agreement, and such default continues for ninety (90) days or more after written demand for performance given to the Recipient by a person authorized to give such demand by the Board of Directors of the Provider.

By the Provider. The Provider may, at its sole option, terminate this Agreement by giving written notice of termination to the Recipient at least ninety (90) days prior to the date of such termination, but only in the event of occurrence of one or more of the following events: (a) If by reason of any applicable legislation or act of the governments of the countries of either partyParty, the performance of any material obligations under this Agreement, the Services hereunder or the remittance of any money payable hereunder is prohibited, ; or (b) If for any reason other than the default of the Provider, the Recipient fails or is unable to perform any of its material obligations under this Agreement, and such default continues for ninety (90) days or more after written demand for performance given to the Recipient by a person authorized to give such demand by the Board of Directors of the Provider.

By the Provider. The Provider may, at its sole option, terminate this Agreement by giving written notice of termination to the Recipient at least ninety (90) days prior to the date of such termination, but only in the event of occurrence of one or more of the following events: (a) If by reason of any applicable legislation or act of the governments government of the countries country of either party, the performance of any material obligations obligation under this Agreement, the Services hereunder Agreement or the remittance of any money payable hereunder is prohibited, or (b) If for any reason other than the default of the Provider, the Recipient fails or is unable to perform any of its material obligations under this Agreement, and such default continues for ninety (90) days or more after written demand for performance given to the Recipient by a person authorized to give such demand by the Board of Directors of the Provider.

By the Provider. The Provider may, at its sole option, terminate this Agreement by giving written notice of termination to each member of the Board of Directors of the Recipient at least ninety (90) days prior to the date of such termination, but only in the event of occurrence of one or more of the following events: (a) If by reason of any applicable legislation or act of the governments of the countries of either partyboth parties, the performance of any material obligations under this Agreement, the Services hereunder or the remittance of any money payable hereunder is prohibited, or (b) If for any reason other than the default of the Provider, the Recipient fails or is unable to perform any of its material obligations under this Agreement, and such default continues for ninety (90) days or more after written demand for performance given to the Recipient by a person authorized to give such demand by the Board of Directors of the Provider.