Common use of Power to Terminate Clause in Contracts

Power to Terminate. (a) either party may terminate this Agreement at any time upon written notice to the other party if the other party breaches any material term hereof and fails to cure such breach within thirty (30) days after receiving written notice of such breach from the non-breaching party, (b) VV may terminate this Agreement if LookSmart fails to make any payment required in Section 4 hereof, (c) LookSmart may terminate this Agreement upon written notice during the period from the Effective Date through February 28, 2002 (before the second cash/stock payment has been made in accordance with Section 4 of this Agreement), or (d) either party may terminate this Agreement if the other party files a petition for bankruptcy or is adjudicated as bankrupt; or a petition in bankruptcy is filed against such party and such petition is not removed or resolved within thirty (30) days; or such party makes an assignment for the benefit of its creditors or an arrangement for its creditors pursuant to any bankruptcy law; or such party discontinues its business; or a receiver is appointed for such party or its business.