Common use of Immediate Effect Clause in Contracts

Immediate Effect. A Party may terminate this Agreement with immediate effect at any time (for the avoidance of doubt, during the Initial Term or a Renewal Term) by written notice to the other Party, if: 25.2.2.1 an Insolvency Event occurs in relation to the other Party; 25.2.2.2 such other Party is the Client and fails to pay any undisputed Fees as and when due and has failed to cure such breach within 30 days of receipt of written notice from the Custodian requesting it to do so; or 25.2.2.3 such other Party commits a material breach of an obligation under this Agreement and has failed to cure such breach within 30 days of receipt of written notice requesting it to do so. If the Custodian terminates this Agreement pursuant to sub-sections 25.2.2.1 or 25.2.2.2, the Custodian will continue to provide the Services for a period of up to 270 days subject to payment in full of any overdue undisputed Fees and prepayment of the Fees reasonably expected to be incurred during such 270-day period, or such other financial assurance reasonably acceptable to the Custodian.

Immediate Effect. A Party may terminate this Agreement with immediate effect at any time (for the avoidance of doubt, during the Initial Term or a Renewal Term) by written notice to the other Party, if: 25.2.2.1 an Insolvency Event occurs in relation to the other Party; 25.2.2.2 such other Party is the Client and fails to pay any undisputed Fees as and when due and has failed to cure such breach within 30 days of receipt of written notice from the Custodian requesting it to do so; or 25.2.2.3 such other Party commits a material breach of an obligation under this Agreement and has failed to cure such breach within 30 days of receipt of written notice requesting it to do so. If the Custodian terminates this Agreement pursuant to sub-sections 25.2.2.1 or 25.2.2.2, the Custodian will continue to provide the Services for a period of up to 270 days subject to payment in full of any overdue undisputed Fees and prepayment of the Fees reasonably expected to be incurred during such 270-day period, or such other financial assurance reasonably acceptable to the Custodian.. Information Classification: Limited Access GCA20240823

Immediate Effect. A Party may terminate this Agreement with immediate effect at any time (for the avoidance of doubt, during the Initial Term or a Renewal Term) by written notice to the other Party, if:: Information Classification: Limited Access 19 GCA.US40ACT.20210617 25.2.2.1 1.2.2.1 an Insolvency Event occurs in relation to the other Party; 25.2.2.2 1.2.2.2 such other Party is the Client and fails to pay any undisputed Fees as and when due and has failed to cure such breach within 30 days of receipt of written notice from the Custodian requesting it to do so; or 25.2.2.3 1.2.2.3 such other Party commits a material breach of an obligation under this Agreement and has failed to cure such breach within 30 days of receipt of written notice requesting it to do so. If the Custodian terminates this Agreement pursuant to sub-sections 25.2.2.1 25.2.1 or 25.2.2.225.2.2, the Custodian will continue to provide the Services for a period of up to 270 days subject to payment in full of any overdue undisputed Fees and prepayment of the Fees reasonably expected to be incurred during such 270-day period, or such other financial assurance reasonably acceptable to the Custodian.

Immediate Effect. A Party may terminate this Agreement with immediate effect at any time (for the avoidance of doubt, during the Initial Term or a Renewal Term) by written notice to the other Party, if: 25.2.2.1 an Insolvency Event occurs in relation to the other Party; 25.2.2.2 such other Party is the Client and fails to pay any undisputed Fees as and when due and has failed to cure such breach within 30 days of receipt of written notice from the Custodian requesting it to do so; oror Information Classification: Limited Access 20 GCA.US40ACT.20240823 25.2.2.3 such other Party commits a material breach of an obligation under this Agreement and has failed to cure such breach within 30 days of receipt of written notice requesting it to do so. If the Custodian terminates this Agreement pursuant to sub-sections 25.2.2.1 25.2.1 or 25.2.2.225.2.2, the Custodian will continue to provide the Services for a period of up to 270 days subject to payment in full of any overdue undisputed Fees and prepayment of the Fees reasonably expected to be incurred during such 270-day period, or such other financial assurance reasonably acceptable to the Custodian.