Tuesday, December 06, 2005 11:20:00 AM
G. Term; Termination. The term of this Agreement shall commence on the Effective Date and continue through the Pilot Program (i.e. January 2006), and thereafter for a period of at least 12 months, unless, prior to the end of the Pilot Program and with at least 30 days notice, Circuit City has given GNF notice that it is not going to go through with the National Rollout. Either Party may terminate this Agreement with cause, effective immediately upon providing 10
(10) days notice to the other Party and if the other Party fails to remedy the breach within five (5) days of such notice, upon any of the following: (i) if either Party, or its agents or contractors, is in material breach of this Agreement ; or (ii) in the event that (a) either Party becomes insolvent, enters into receivership, is the subject of a voluntary or involuntary bankruptcy proceeding, or makes an assignment for the benefit of creditors; or (b) a substantial part of either Party's property is or becomes subject to any levy, seizure, assignment or sale for or by any creditor or governmental agency. Upon termination or expiration: (i) GNF shall continue to provide Services to Circuit City Customers who subscribed to the Service(s) prior to termination of this Agreement; (ii) both Parties shall pay the respective sums due to the other Party pursuant to this Agreement as part of the final winding up under the Agreement, if it is in fact wound up; and (iii) both Parties shall provide reasonable transition if and when the Agreement is terminated.
(10) days notice to the other Party and if the other Party fails to remedy the breach within five (5) days of such notice, upon any of the following: (i) if either Party, or its agents or contractors, is in material breach of this Agreement ; or (ii) in the event that (a) either Party becomes insolvent, enters into receivership, is the subject of a voluntary or involuntary bankruptcy proceeding, or makes an assignment for the benefit of creditors; or (b) a substantial part of either Party's property is or becomes subject to any levy, seizure, assignment or sale for or by any creditor or governmental agency. Upon termination or expiration: (i) GNF shall continue to provide Services to Circuit City Customers who subscribed to the Service(s) prior to termination of this Agreement; (ii) both Parties shall pay the respective sums due to the other Party pursuant to this Agreement as part of the final winding up under the Agreement, if it is in fact wound up; and (iii) both Parties shall provide reasonable transition if and when the Agreement is terminated.
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