9.1. This Agreement shall, subject as otherwise provided herein, commence on the Commencement Date and continue thereafter unless and until either IBS or the Distributor shall have given to other not less than 3 months' written notice of termination.
9.2. Notwithstanding the provisions of clause 9.1 above, IBS shall have the right at any time by giving notice in writing to the Distributor to terminate this Agreement forthwith on the occurrence of any of the following events:
(a) if the Distributor commits persistent material breaches of any of the terms of this Agreement and fails to remedy the same within 14 days of receiving notice of such breaches and a request by IBS to remedy such breaches;
(b) if the Distributor becomes or is deemed to be insolvent or a resolution passed for the purpose of winding up the Distributor or the Distributor enters into liquidation whether compulsorily or voluntarily or compounds with its creditors generally or has a receiver, receiver and manager, administrator or administrative receiver appointed over all or any part of its assets; or
(c) if at any time any of the representations or warranties given by the Distributor in Clause 5.1 is, or proves to be, or becomes untrue or inaccurate.
9.3. Upon the termination of this Agreement for whatever reason:
(a) IBS shall have the right (but not the obligation) to repurchase from the Distributor all or part of any stocks of Products then held by the Distributor at their Invoice Value;
(b) the Distributor shall at the instruction of IBS send to IBS or otherwise dispose of in accordance with the directions of IBS all samples of Products and any advertising, promotional or sales material relating to Products then in the possession or control of the Distributor; and
(c) the Distributor shall cease to promote, market or advertise the Products or to make any use of the Trade Marks other than for the purpose of selling remaining stock in respect of which IBS does not exercise its right to repurchase.