Common use of Default by Licensor Clause in Contracts

Default by Licensor. If Licensor fails to perform any of its material obligations under this Restated Agreement and such failure continues for more than thirty (30) days after the written notice thereof, such failure shall constitute a failure by Licensor under this Restated Agreement, unless the failure cannot be cured within such thirty (30) day-period and Licensor shall have commenced to cure such failure and proceeds diligently thereafter to cure such failure.

Default by Licensor. If Licensor fails to perform any of its material obligations under this Restated Agreement and such failure continues for more than thirty (30) days after the written notice thereof, such failure shall constitute a failure by Licensor under this Restated Agreement, unless the failure cannot be cured within such thirty (30) day-period and Licensor shall have commenced to cure such failure and proceeds diligently thereafter to cure such failure.

Default by Licensor. If Licensor LICENSOR fails to perform any of its material obligations under this Restated Agreement and such failure continues for more than thirty (30) days after the written notice thereof, such failure shall constitute a failure by Licensor LICENSOR under this Restated Agreement, unless the failure cannot be cured within such thirty (30) day-period and Licensor LICENSOR shall have commenced to cure such failure and proceeds diligently thereafter to cure such failure.

Default by Licensor. If Licensor fails to perform any of its material ------------------- obligations under this Restated Agreement and such failure continues for more than thirty (30) days after the written notice thereof, such failure shall constitute a failure by Licensor under this Restated Agreement, unless the failure cannot be cured within such thirty (30) day-period and Licensor shall have commenced to cure such failure and proceeds diligently thereafter to cure such failure.