Laserfiche WebLink
Renewal Term,Client notifies LIV of its intent to renew the Term. <br />MASTER SERVICES AGREEMENT -2 <br />56428.0002.14325562.1 <br />3.2 Termination.In addition to any other express termination right set forth in this <br />Agreement: <br />3.2.1 Either party may terminate this Agreement,without cause,effective on 90 <br />days written notice to the other party; <br />3.2.2 Either party may terminate this Agreement,effective on written notice to <br />the other party,if the other Party materially breaches this Agreement,and such breach:(a)is <br />incapable of cure;or (b)is capable of cure and remains uncured 30 days after the non- <br />breaching party provides the breaching party with written notice of such breach;or <br />3.2.3 Either party may terminate this Agreement,effective immediately upon <br />written notice to the other party,if the other party:(a)becomes insolvent or is generally unable <br />to pay,or fails to pay,its debts as they become due;(b)files or has filed against it,a petition for <br />voluntary or involuntary bankruptcy or otherwise becomes subject,voluntarily or involuntarily, <br />to any proceeding under any domestic or foreign bankruptcy or insolvency law;(c)makes or <br />seeks to make a general assignment for the benefit of its creditors;or (d)applies for or has <br />appointed a receiver,trustee,custodian,or similar agent appointed by order of any court of <br />competent jurisdiction to take charge of or sell any material portion of its property or business. <br />3.3 Effect of Expiration or Termination.Upon expiration or earlier termination of this <br />Agreement,Client shall immediately discontinue use of the LIV IP and,without limiting Client ’s <br />obligations under Section 8,Client shall delete,destroy,or return all copies of the LIV IP and <br />certify in writing to the LIV that the LIV IP has been deleted or destroyed.No termination shall <br />affect LIV’s responsibility to remit any and all fees collected pursuant to Section 2 of this <br />Agreement. <br />3.4 Survival.This Section 3.4 and Section 2,Section 3.3,Section 4.2,Section 7,Section 8, <br />Section 11,Section 12,and Section 14 survive any termination or expiration of this Agreement. <br />No other provisions of this Agreement survive the expiration or earlier termination of this <br />Agreement. <br />SECTION 4.WARRANTIES;LIMITATIONS <br />4.1 Warranty. <br />4.1.1 Vault and Services Warranties.LIV represents and warrants to Client that all <br />Services to be provided to the Client under the Agreement will be fully and timely performed in <br />accordance with the terms,conditions,and covenants of the Agreement,and all Laws,and that <br />Vault will perform,in all material respects,in accordance with the specifications.While LIV does <br />not warrant the accuracy of the information that is put into Vault by third party inspectors,LIV <br />will take all prudent and necessary steps to ensure its proper and accurate retention, <br />Page 122 of 211