Common use of Termination by CRO Clause in Contracts

Termination by CRO. The CRO may terminate this Agreement: (i) In the event JWA breaches any of its responsibilities in Paragraph 2, and such breach is not cured within twenty-one (21) days after written notice by the CRO to JWA of such breach. (ii) In the event JWA becomes insolvent, makes an assignment for the benefit of creditors, becomes the subject of any bankruptcy, reorganization or arrangement proceeding or adjudicated bankrupt. (iii) In the event JWA breaches its obligations described in Paragraph 4.g.

Appears in 1 contract

Sources: Downtown Outdoor Ice Rink Agreement

Termination by CRO. The CRO may terminate this Agreement: (i) In the event JWA breaches any of its responsibilities in Paragraph 2, and such breach is not cured within twenty-one (21) days after written notice by the CRO to JWA of such breach. (ii) In the event JWA becomes insolvent, makes an assignment for the benefit of creditors, becomes the subject of any bankruptcy, reorganization or arrangement proceeding or adjudicated bankrupt. (iii) In the event JWA breaches its obligations described in Paragraph 4.g...

Appears in 1 contract

Sources: Downtown Outdoor Ice Rink Agreement