Common use of Term Termination Effect of Termination Clause in Contracts

Term Termination Effect of Termination. 10.1 This Agreement will commence on the signature date and shall continue for a period determined in the PO, unless terminated earlier in accordance with the terms of this Agreement (the “Term”). 10.2 Either Party may terminate this Agreement by giving immediate written notice to the other Party (i) if the other Party is in a material breach of this Agreement provided that the alleged breaching party fails or refuses to remedy such breach within thirty (30) days following notice of such breach from the non-breaching Party, or (ii) if the other party becomes the subject of a petition in bankruptcy or any other proceeding relating to insolvency, receivership, liquidation or assignment for the benefit of creditors. 10.3 Upon termination of this Agreement, the following shall apply: (i) Customer’s rights under this Agreement for the use and access to the Services shall immediately terminate and be of no force and effect and Customer shall pay the Company for all Services performed up to the termination hereunder; (ii) Company will continue to provide to Customer all Services up to the termination date of this Agreement; and (iii) all obligations of the Parties which expressly or by their nature survive termination of the Agreement will continue to be in force, including those obligations set out in Section, 5, Error! Reference source not found., 8, 9, Error! Reference source not found. and 13. The terms of this Section 10.3 shall survive any termination of this Agreement.

Term Termination Effect of Termination. 10.1 12.1 This Agreement will commence on the signature date Effective Date and shall continue for a period determined in the PO, unless terminated earlier in accordance with the terms of this Agreement (the “Term”). 10.2 12.2 Either Party may terminate this Agreement by giving immediate written notice to the other Party (i) if the other Party is in a material breach of this Agreement provided that the alleged breaching party fails or refuses to remedy such breach within thirty (30) days following notice of such breach from the non-breaching Party, or (ii) if the other party becomes the subject of a petition in bankruptcy or any other proceeding relating to insolvency, receivership, liquidation or assignment for the benefit of creditors. 10.3 12.3 Upon termination of this Agreement, the following shall apply: (i) Customer’s rights under this Agreement for the use and access to the Services shall immediately terminate and be of no force and effect and Customer shall pay the Company for all Services performed up to the termination hereunder; and (ii) Company will continue to provide to Customer all Services up to the termination date of this Agreement; and (iii) all obligations of the Parties which expressly or by their nature survive termination of the Agreement will continue to be in force, including those obligations set out in Section, 5, Error! Reference source not found., 8, 9, Error! Reference source not found. and 13. The terms of this Section 10.3 12.3 shall survive any termination of this Agreement.