Covenants Regarding Drexel Agreement Clause Samples

Covenants Regarding Drexel Agreement. Inceptus agrees that, during the term of the Drexel Agreement: 5.1 Inceptus shall not modify or amend the Drexel Agreement in any way that would materially and adversely affect Inari; 5.2 Inceptus shall not terminate the Drexel Agreement until its expiration in accordance with its terms; and 5.3 Inceptus shall notify Inari of any notices of breach or termination from Drexel to Inceptus under the Drexel Agreement. If (a) Inceptus so notifies Inari, or if Inari otherwise becomes aware of a notice of breach or termination from Drexel to Inceptus under the Drexel Agreement and provides written notice thereof to Inceptus, and (b) Inceptus fails to cure such breach or termination within thirty (30) days thereafter, then Inari shall have the right, by providing prompt written notice thereof to Inceptus, to cure such breach or termination on behalf of Inceptus. If cure of such breach or termination requires payment to Drexel, then Inari may deduct an amount equal to such payment from the Administration Fee.