Distributor’s Right to Terminate Clause Samples

Distributor’s Right to Terminate. Distributor may terminate this Agreement by providing written notice to Subdistributor: (a) at any time for its convenience upon thirty (30) days prior written notice; (b) if Subdistributor materially breaches any provision of this Agreement and fails to render a cure within fifteen days of receipt of written notice of breach; (c) immediately in the event Subdistributor breaches Section 2.4 (Prohibited Acts) of this Agreement; (d) if Subdistributor becomes insolvent or files, or has filed against it, a petition for voluntary or involuntary bankruptcy or pursuant to any other insolvency Law, makes or seeks to make a general assignment for the benefit of its creditors or applies for, or consents to, the appointment of a trustee, receiver, or custodian for a substantial part of its property, or is generally unable to pay its debts as they become due; or (e) if Subdistributor sells, transfers or disposes of all or substantially all of its assets, or merges or consolidates with any other entity.

Distributor’s Right to Terminate. Distributor may terminate this Agreement by providing written notice to Subdistributor: at any time for its convenience upon thirty (30) days prior written notice; if Subdistributor materially breaches any provision of this Agreement and fails to render a cure within fifteen days of receipt of written notice of breach; immediately in the event Subdistributor breaches Section 2.4 (Prohibited Acts) of this Agreement; if Subdistributor becomes insolvent or files, or has filed against it, a petition for voluntary or involuntary bankruptcy or pursuant to any other insolvency Law, makes or seeks to make a general assignment for the benefit of its creditors or applies for, or consents to, the appointment of a trustee, Rev 111717

Distributor’s Right to Terminate. Distributor may terminate this Agreement by providing Notice to Medizone: (a) if Medizone materially breaches any material provision of this Agreement and either the breach cannot be cured or, if the breach can be cured, it is not cured by Medizone within 15 Business Days after Medizone’s receipt of Notice of such breach; (b) if Medizone becomes insolvent or files, or has filed against it, a petition for voluntary or involuntary bankruptcy or under any other insolvency Law, makes or seeks to make a general assignment for the benefit of its creditors or applies for, or consents to, the appointment of a trustee, receiver or custodian for a substantial part of its property, or is generally unable to pay its debts as they become due; or (c) in the event of a Force Majeure Event affecting Medizone’s performance under this Agreement for more than 30 consecutive Business Days. Any termination under this Section 18.5 is effective on Medizone’s receipt of Distributor’s Notice of termination or any later date set out in the Notice.

Distributor’s Right to Terminate. The Distributor shall have the right to terminate the Agreement

Distributor’s Right to Terminate. Distributor shall have the right to terminate this Agreement at any time by giving ▇▇▇▇▇▇ at least ninety (90) days' prior written notice. In such event, ▇▇▇▇▇▇'▇ sole obligation to Distributor shall be the purchase of Distributor's inventory and point of sale pursuant to Section 8.3.

Distributor’s Right to Terminate. Distributor may terminate this Agreement by providing Notice to Seller: (a) if Seller breaches any material provision of this Agreement and either the breach cannot be cured or, if the breach can be cured, it is not cured (or cure is significantly underway) by Seller within 20 Business Days after Seller’s receipt of Notice of such breach; (b) if Seller becomes insolvent or files, or has filed against it, a petition for voluntary or involuntary bankruptcy or under any other insolvency Law, makes or seeks to make a general assignment for the benefit of its creditors or applies for, or consents to, the appointment of a trustee, receiver, or custodian for a substantial part of its property, or is generally unable to pay its debts as they become due; or (c) in the event of a Force Majeure Event affecting Seller’s performance under this Agreement for more than 90 consecutive Business Days. Any termination under this 15.04 is effective on Seller’s receipt of Distributor’s Notice of termination or any later date set out in the Notice.

Distributor’s Right to Terminate the Agreement Distributor may terminate this Agreement (including all related Purchase Orders in accordance with Section 7.04). on

Distributor’s Right to Terminate. The Distributor may terminate this Agreement, with immediate effect, by providing written notice to the Seller if: (a) the Seller breaches or is in default of any obligation hereunder and such material breach or default has not been cured within 30 days after the Seller’s receipt from the Distributor of notice of such a breach or default. (b) the Seller or Seller Guarantor commences a voluntary case or other proceeding seeking liquidation, reorganization or other relief with respect to itself or its debts under any bankruptcy, insolvency or other similar Law now or hereafter in effect or seeking the appointment of a trustee, receiver, liquidator, custodian or other similar official of it or any substantial part of its property, or will consent to any such relief or to the appointment of or taking possession by any such official in an involuntary case or other proceeding commenced against it, or will make a general assignment for the benefit of creditors, or will fail generally to pay its debts as they become due, or will take any corporate action to authorize any of the foregoing; (c) an involuntary case or other proceeding is commenced against the Seller or Seller Guarantor seeking liquidation, reorganization or other relief with respect to it or its debts under any bankruptcy, insolvency or other similar Law now or hereafter in effect or seeking the appointment of a trustee, receiver, liquidator, custodian or other similar official of it or any substantial part of its property, and such involuntary case or other proceeding will remain undismissed and unstayed for a period of 60 days, or an order for relief will be entered against the Seller; or (d) it is either (i) determined, pursuant to a judgment by a court of competent jurisdiction in accordance with the terms of the Sale and Purchase Agreement, that the Seller Guarantor has breached its noncompetition obligations as set forth in Section 10.11 of the Sale and Purchase Agreement (“Non-Compete Obligations”); or (ii) Parent Guarantor or Distributor obtains an preliminary injunction enjoining Seller Guarantor or any of its Affiliates from violating the Non-Compete Obligations.

Distributor’s Right to Terminate. Distributor may terminate this Agreement by providing written notice to Subdistributor: (a) at any time for its convenience upon thirty (30) days prior written notice; (b) if Subdistributor materially breaches any provision of this Agreement and fails to render a cure within fifteen days of receipt of written notice of breach;