Common use of Termination by Verizon Clause in Contracts

Termination by Verizon. 5.2.1 Verizon shall have the right to terminate this Agreement for cause upon the occurrence of an Event of Default, including: 5.2.1.1 A continuing and uncured material breach of the terms of this Agreement by Idearc or any Sub-CIC; 5.2.1.2 The filing for bankruptcy protection; insolvency; an assignment for the benefit of creditors; the refusal or inability to pay debts as they mature; or the appointment of a trustee or receiver for all or a substantial portion of Idearc’s assets; 5.2.1.3 A breach by Idearc or any Sub-CIC of any of the representations and warranties set forth in Section 3; 5.2.1.4 An excessive number of requests by Verizon to Idearc to deny Services to Idearc’s Sub-CICs due to excessive Cramming/Slamming Complaints as set forth in Attachment F. 5.2.1.5 A change of control of Idearc defined as any transfer, sale or disposition in any manner of greater than 25% of: (1) the capital or voting stock or securities of Idearc as a block; or (2) the composition of the board of directors or management of the company; or (3) the assets of Idearc not done in the ordinary course of business and without Verizon’s written consent.