Common use of Default of Licensee Clause in Contracts

Default of Licensee. The following acts or omissions shall constitute a default by Licensee: (a) Failure of Licensee to pay the Deposit, Usage Fee, fees for Additional Services, late charge, or any other amount owed by Licensee under this Agreement; (b) Failure of Licensee to perform any other condition, term, provision, warranty, covenant, or obligation contained in this Agreement; (c) Any violation of applicable law, rule, regulation, or policy or of the College’s policies and procedures; (d) Any other breach or event of default; and/or (e) Bankruptcy of, insolvency of, reorganization by, moratorium by, fraudulent conveyance by Licensee.

Default of Licensee. The following acts or omissions shall constitute a default by Licensee: (a) Failure of Licensee to pay the Deposit, Usage Fee, fees for Additional Services, late charge, or any other amount owed by Licensee under this Agreement; (b) Failure of Licensee to perform any other condition, term, provision, warranty, covenant, or obligation contained in this Agreement; (c) Any violation of applicable law, rule, regulation, or policy or of the CollegeCollege District’s policies and procedures; (d) Any other breach or event of default; and/or (e) Bankruptcy of, insolvency of, reorganization by, moratorium by, fraudulent conveyance by Licensee.