Common use of Termination Default and Remedies Clause in Contracts

Termination Default and Remedies. 10.1 AFTER THE INITIAL TERM AND FOR THE NEXT FOUR ANNUAL RENEWALS THIS AGREEMENT MAY BE TERMINATED BY THE PARTNER, WITHOUT CAUSE, UPON WRITTEN NOTICE TO SILVERSTREAM GIVING 90 DAYS NOTICE, AT ANY TIME DURING THE TERM OF THIS AGREEMENT. 10.2 AFTER THE INITIAL TERM, AND THE FOUR ANNUAL RENEWALS THIS AGREEMENT MAY BE TERMINATED BY EITHER PARTY, WITHOUT CAUSE, UPON WRITTEN NOTICE TO THE OTHER PARTY GIVING 90 DAYS. 10.3 UPON THE OCCURRENCE OF ANY OF THE FOLLOWING ACTS OR EVENTS ("EVENTS OF DEFAULT"), THE PARTNER SHALL BE IN DEFAULT AND BREACH OF THIS AGREEMENT.