Common use of Effect of Termination for Cause Clause in Contracts

Effect of Termination for Cause. Upon Termination for Cause, the terminated Party shall indemnify the other Party for any Damages by reason arising out of such parties breach or insolvency.

Appears in 6 contracts

Sources: Academic Consortium Agreement (Sonoma College Inc), Consortium Agreement (Sonoma College Inc), Consortium Agreement (Sonoma College Inc)

Effect of Termination for Cause. Upon Termination for Cause, the terminated Party shall indemnify the other Party for any Damages by reason arising out of such parties breach or insolvencyinsolvency and all other rights and obligations of the parties under this Agreement shall be extinquished.

Appears in 1 contract

Sources: Consortium Agreement (Sonoma College Inc)