Common use of Termination for Failure to Pay Clause in Contracts

Termination for Failure to Pay. In the event Firm Participant fails to pay to Association any fees required under this Agreement, RMLS may terminate service without being subject to arbitration. In its sole discretion, RMLS may suspend its performance under this Agreement rather than terminating it, in the event that Firm Participant fails to pay to Association any fees required under this Agreement.

Appears in 6 contracts

Sources: Participant Agreement, Participant Agreement, Participant Agreement

Termination for Failure to Pay. In the event Firm Participant Subscriber fails to pay to Association any fees required under this Agreement, RMLS may terminate service without being subject to arbitration. In its sole discretion, RMLS may suspend its performance under this Agreement rather than terminating it, in the event that Firm Participant Subscriber fails to pay to Association any fees required under this Agreement.

Appears in 4 contracts

Sources: Subscriber Agreement, Subscriber Agreement, Subscriber Agreement

Termination for Failure to Pay. In the event Firm Participant fails to pay to Association any fees required under this Agreement, RMLS may terminate service without being subject to arbitration. In its sole discretion, RMLS may suspend its performance under this Agreement rather than terminating it, in the event that Firm Participant fails to pay to Association any fees required under this Agreement.Agreement.β€Œ

Appears in 1 contract

Sources: Participant Agreement