Common use of Termination for Failure Clause in Contracts

Termination for Failure. If BMW NA fails to obtain or maintain any of BMW NA to be license, permit, or authorization necessary for Licensed BMW NA's performance of its obligations under this Agreement or if any such license, permit, or authorization is suspended or revoked, and such suspension or revocation continues for a period of six (6) consecutive business days, either party may terminate this Agreement by providing written notice to the other party. No Waiver by Failure to (f) In the event BMW NA shall be entitled to Terminate terminate this Agreement pursuant to the provisions of Paragraph 12 (b) or (c), but shall fail to do so, such failure shall not be considered a waiver of the rights of BMW NA to so terminate the Agreement.

Appears in 2 contracts

Sources: Sav Center Agreement (United Auto Group Inc), Car Center Agreement (United Auto Group Inc)