Term of the. SLA 2.1 The SLA applies for a term of either three (3) or five (5) years from the date of original purchase of the Product from JLT, depending on what duration of the SLA the Customer has purchased from JLT and as evidenced from the Customer’s invoice or contract detailing the purchase of the SLA (the “Term”). 2.2 JLT shall be entitled to terminate this SLA with immediate effect if the Customer materially misuses this SLA or otherwise is in material breach of the SLA and does not rectify such misuse or breach within fifteen (15) days after written notice thereof, or if the Customer is declared bankrupt, suspends its payments, enters into liquidation or is otherwise deemed insolvent. Termination of the SLA by JLT shall be in writing.
Appears in 3 contracts
Sources: Service Level Agreement, Service Level Agreement, Service Level Agreement