Curable Breaches by Licensee Sample Clauses

Curable Breaches by Licensee. If Licensee
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Curable Breaches by Licensee. If Licensee a. Commits a material breach of any other terms of this Agreement, or b. Files a petition in bankruptcy or is adjudicated a bankrupt or insolvent, or makes an assignment for the benefit of creditors, or an arrangement pursuant to any bankruptcy law, or discontinues its business, or if a receiver is appointed for it or its business and is not discharged within thirty (30) days, and fails to cure such default and furnish reasonable proof of its cure to MLBPA within fifteen (15) days after receiving written notice of breach, MLBPA shall have the right to terminate this Agreement by giving written notice to Licensee. (b)
Curable Breaches by Licensee. If Licensee: commits a material ---------------------------- breach of any other terms of this Agreement; or files a petition in bankruptcy or is adjudicated a bankrupt or insolvent, or makes an assignment for the benefit of creditors, or an arrangement pursuant to any bankruptcy law, or discontinues its business, or if a receiver is appointed for it or its business and is not discharged within thirty (30) days; and Licensee fails to cure such breach or event and furnish reasonable proof of its cure to Licensor within fifteen (15) days after receiving written notice of breach and a demand to cure from Licensor, Licensor shall then have the right to terminate this Agreement by giving written notice to Licensee.

Related to Curable Breaches by Licensee

  • Termination by Licensee 10.1 Licensee will have the right at any time to terminate this Agreement in whole or as to any portion of Patent Rights by giving notice in writing to The Regents. Such Notice of Termination will be subject to Article 18. (Notices) and termination of this Agreement will be effective sixty (60) days after the effective date thereof.

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