Common use of Default of Strainwise Clause in Contracts

Default of Strainwise. This Agreement may be terminated by 2600 upon the occurrence of one or more of the following events of default by Strainwise (a "Strainwise Default"). i. A material breach of a representation or warranty contained in this Agreement or any SOW, which, if capable of being cured, is not cured within fifteen (15) days of receipt of written notice from 2600, which notice shall set forth with reasonable specificity the alleged misrepresentation of Strainwise; ii. Failure to comply with or perform any material obligation of Strainwise under this Agreement or any SOW, which if capable of being cured, is not cured within fifteen (15) days of receipt of written notice from 2600, which notice shall set forth with reasonable specificity the alleged failure by Strainwise; iii. Strainwise's filing of a petition in bankruptcy or having a petition in bankruptcy filed against it, which filing is not dismissed within ninety (90) days, or making an assignment for the benefit of creditors; and If any breach of a representation and warranty or failure of performance requires more than fifteen (15) days to cure, Strainwise may be entitled to such additional cure period if Strainwise promptly commences to cure, 2600 agrees to such extension, and Strainwise prosecutes the cure to completion.

Appears in 1 contract

Samples: Master Services Agreement (STWC. Holdings, Inc.)

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Default of Strainwise. This Agreement may be terminated by 2600 HWH upon the occurrence of one or more of the following events of default by Strainwise (a "Strainwise Default"). i. A material breach of a representation or warranty contained in this Agreement or any SOW, which, if capable of being cured, is not cured within fifteen (15) days of receipt of written notice from 2600HWH, which notice shall set forth with reasonable specificity the alleged misrepresentation of Strainwise; ii. Failure to comply with or perform any material obligation of Strainwise under this Agreement or any SOW, which if capable of being cured, is not cured within fifteen (15) days of receipt of written notice from 2600HWH, which notice shall set forth with reasonable specificity the alleged failure by Strainwise; iii. Strainwise's filing of a petition in bankruptcy or having a petition in bankruptcy filed against it, which filing is not dismissed within ninety (90) days, or making an assignment for the benefit of creditors; and If any breach of a representation and warranty or failure of performance requires more than fifteen (15) days to cure, Strainwise may be entitled to such additional cure period if Strainwise promptly commences to cure, 2600 HWH agrees to such extension, and Strainwise prosecutes the cure to completion.

Appears in 1 contract

Samples: Master Services Agreement (STWC. Holdings, Inc.)

Default of Strainwise. This Agreement may be terminated by 2600 TBD upon the occurrence of one or more of the following events of default by Strainwise (a "Strainwise Default"). i. A material breach of a representation or warranty contained in this Agreement or any SOW, which, if capable of being cured, is not cured within fifteen (15) days of receipt of written notice from 2600TBD, which notice shall set forth with reasonable specificity the alleged misrepresentation of Strainwise; ii. Failure to comply with or perform any material obligation of Strainwise under this Agreement or any SOW, which if capable of being cured, is not cured within fifteen (15) days of receipt of written notice from 2600TBD, which notice shall set forth with reasonable specificity the alleged failure by Strainwise; iii. Strainwise's filing of a petition in bankruptcy or having a petition in bankruptcy filed against it, which filing is not dismissed within ninety (90) days, or making an assignment for the benefit of creditors; and If any breach of a representation and warranty or failure of performance requires more than fifteen (15) days to cure, Strainwise may be entitled to such additional cure period if Strainwise promptly commences to cure, 2600 TBD agrees to such extension, and Strainwise prosecutes the cure to completion.

Appears in 1 contract

Samples: Master Services Agreement (STWC. Holdings, Inc.)

Default of Strainwise. This Agreement may be terminated by 2600 COPR upon the occurrence of one or more of the following events of default by Strainwise (a "Strainwise Default"). i. A material breach of a representation or warranty contained in this Agreement or any SOW, which, if capable of being cured, is not cured within fifteen (15) days of receipt of written notice from 2600COPR, which notice shall set forth with reasonable specificity the alleged misrepresentation of Strainwise; ii. Failure to comply with or perform any material obligation of Strainwise under this Agreement or any SOW, which if capable of being cured, is not cured within fifteen (15) days of receipt of written notice from 2600COPR, which notice shall set forth with reasonable specificity the alleged failure by Strainwise; iii. Strainwise's filing of a petition in bankruptcy or having a petition in bankruptcy filed against it, which filing is not dismissed within ninety (90) days, or making an assignment for the benefit of creditors; and If any breach of a representation and warranty or failure of performance requires more than fifteen (15) days to cure, Strainwise may be entitled to such additional cure period if Strainwise promptly commences to cure, 2600 COPR agrees to such extension, and Strainwise prosecutes the cure to completion.

Appears in 1 contract

Samples: Master Services Agreement (STWC. Holdings, Inc.)

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Default of Strainwise. This Agreement may be terminated by 2600 STWCSV upon the occurrence of one or more of the following events of default by Strainwise (a "Strainwise Default"). i. A material breach of a representation or warranty contained in this Agreement or any SOW, which, if capable of being cured, is not cured within fifteen (15) days of receipt of written notice from 2600STWCSV, which notice shall set forth with reasonable specificity the alleged misrepresentation of Strainwise; ii. Failure to comply with or perform any material obligation of Strainwise under this Agreement or any SOW, which if capable of being cured, is not cured within fifteen (15) days of receipt of written notice from 2600STWCSV, which notice shall set forth with reasonable specificity the alleged failure by Strainwise; iii. Strainwise's filing of a petition in bankruptcy or having a petition in bankruptcy filed against it, which filing is not dismissed within ninety (90) days, or making an assignment for the benefit of creditors; and If any breach of a representation and warranty or failure of performance requires more than fifteen (15) days to cure, Strainwise may be entitled to such additional cure period if Strainwise promptly commences to cure, 2600 STWCSV agrees to such extension, and Strainwise prosecutes the cure to completion.

Appears in 1 contract

Samples: Master Services Agreement (STWC. Holdings, Inc.)

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