Common use of Default; Cure Clause in Contracts

Default; Cure. If a party is in default of any obligations under this Agreement, the non-defaulting party may give written notice of such default to that party. After notice is provided, the party in default shall have thirty (30) days to cure any defaults arising from any failure to make any royalty payment pursuant to this Agreement, and sixty (60) days to cure any other defaults. If such default is not cured within the applicable thirty (30) days or sixty (60) days after the date of such notice, then the non-defaulting party shall have the option to terminate this Agreement after providing notice of such termination to the party in default.

Default; Cure. If a party is in default If, during the term of this Agreement, either Party fails to perform any of its obligations under this Agreement, the non-defaulting party Party may give written notice of such the default to that partythe defaulting Party. After notice is provided, If the defaulting party in fails to cure its default shall have within thirty (30) days to cure any defaults arising from any failure to make any royalty payment pursuant to this Agreementfollowing receipt of notice of default, and sixty (60) days to cure any other defaults. If such default is not cured within the applicable thirty (30) days or sixty (60) days after the date of such notice, then the non-defaulting party shall have the option to may terminate this Agreement after providing notice of such termination to the party in defaultAgreement.