Common use of Breach and Cure Clause in Contracts

Breach and Cure. a. In addition to applicable legal standards, the Company shall be considered to be in material breach of this Agreement for (i) failure to pay fully and promptly amounts due pursuant to Section 3 and payable pursuant to Section 4; (ii) failure to comply with governmental requests directed to Columbia or the Company pursuant to Section 11(b); or (iii) otherwise being in material breach of this Agreement.

Appears in 3 contracts

Samples: New Exclusive License Agreement (vTv Therapeutics Inc.), New Exclusive License Agreement (vTv Therapeutics Inc.), New Exclusive License Agreement (vTv Therapeutics Inc.)

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Breach and Cure. a. In addition to applicable legal standards, the Company shall be considered to be in material breach of this Agreement for (i) failure to pay fully and promptly amounts due pursuant to Section 3 and payable pursuant to Section 44 or Section 7; (ii) failure to comply with governmental requests directed to Columbia or the Company pursuant to Section 11(b)11b; or (iii) otherwise being in a material breach of the Stock Purchase Agreement or the Stockholder’s Agreement which is to be executed within sixty days of the execution of this Agreement is a material breach of this Agreement.

Appears in 1 contract

Samples: License Agreement (Roughneck Supplies Inc.)

Breach and Cure. a. In addition to applicable legal standards, the The Company shall be considered to be in material breach of this Agreement for (i) failure to pay fully and promptly amounts due pursuant to Section 3 and payable pursuant to Section 44 which are material to the transactions and payments contemplated by this Agreement [**]=Certain information on this page has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted portions. taken as a whole; or (ii) failure of similar materiality to comply with governmental requests directed to Columbia or the Company pursuant requests, subject to Section 11(b10(b); or (iii) otherwise being in material breach of this Agreement.

Appears in 1 contract

Samples: License Agreement (Pharmacopeia Drug Discovery Inc)

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Breach and Cure. a. In addition to applicable legal standards, the Company shall be considered to be in material breach of this Agreement for (i) failure to pay fully and promptly amounts due pursuant to Section 3 and payable pursuant to Section 44 or Section 7; (ii) failure to comply with governmental requests directed to Columbia ASRI or the Company pursuant to Section 11(b)12b; or (iii) otherwise being in a material breach of this the Stock Purchase Agreement or the Stockholder’s Agreement.

Appears in 1 contract

Samples: License Agreement (Roughneck Supplies Inc.)

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