qcmadness

睇埋呢篇野先

http://contracts.corporate.findl ... nse.2001.01.01.html

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      6.2.  Termination for Cause.
            ---------------------

            (a)   A party may terminate the other party\'s rights and licenses
                  hereunder upon notice if the other party hereto commits a
                  material breach of this Agreement and does not correct such
                  breach within sixty (60) days after receiving written notice
                  complaining thereof. In the event of such termination, the
                  rights and licenses granted to the defaulting party shall
                  terminate, but the rights and licenses granted to the party
                  not in default shall survive such termination of this
                  Agreement subject to its continued compliance with the terms
                  and conditions of this Agreement.

            (b)   A party hereto may terminate this Agreement upon sixty (60)
                  days written notice of termination to the other party given at
                  any time upon or after:

                  (1)   the filing by the other party of a petition in
                        bankruptcy or insolvency;

                  (2)   any adjudication that the other party is bankrupt or
                        insolvent;

                  (3)   the filing by the other party of any petition or answer
                        seeking reorganization, readjustment or arrangement of
                        its business under any law relating to bankruptcy or
                        insolvency;

                  (4)   the appointment of a receiver for all or substantially
                        all of the property of the other party;

                  (5)   the making by the other party of any assignment for the
                        benefit of creditors;

                  (6)   the institution of any proceedings for the liquidation
                        or winding up of the other party\'s business or for the
                        termination of its corporate charter;

                  (7)   the other party undergoes a Change of Control. For
                        purposes of this Section 6.2(b)(7), "Change of Control"
                        shall mean a transaction or a series of related
                        transactions in which (i) one or more related parties
                        who did not previously own at least a fifty percent
                        (50%) interest in a party to this Agreement obtain at
                        least a fifty percent (50%) interest in such party, and,
                        in the reasonable business judgment of the other party
                        to this Agreement, such change in ownership will have a
                        material effect on the other party\'s business, or (ii) a
                        party acquires, by merger, acquisition of assets or
                        otherwise, all or any portion of another legal entity
                        such that either the assets or market value of such
                        party after the close of such transaction are greater
                        than one and one third (1 1/3) of the assets or market
                        value of such party prior to such transaction.