Termination for Cause by Either Party. Either Party may terminate this Agreement immediately, upon written notice: (i) if the other Party breaches the NDA; (ii) if the other Party breaches any provision of this Agreement and fails to cure such breach within thirty (30) days after receipt by the breaching Party of written notice from the non-breaching Party describing such breach; (iii) upon the institution by or against the other Party of insolvency, receivership, or bankruptcy proceedings or any other proceedings for the settlement of the other Party’s debts, which proceedings are not stayed or dismissed within sixty (60) days after institution; (iv) upon the other Party’s making an assignment for the benefit of creditors; or (v) upon the other Party’s dissolution or ceasing to conduct business.
Appears in 3 contracts
Sources: Master Purchase Agreement, Master Purchase Agreement (Entropic Communications Inc), Master Purchase Agreement (Entropic Communications Inc)