Default or Material Breach Sample Clauses

Default or Material Breach. In the event of any material default or material breach of this Agreement by Endocyte other than nonpayment or loss of financial capability, PRF may terminate this Agreement and the license granted hereunder after serving Endocyte with written notice of the material default or material breach. If Endocyte fails to cure the material default or material breach within ninety (90) days of receipt of PRF’s written notice thereof, the termination becomes automatically effective at the conclusion of the ninety (90) day period; provided, however, if any material default or material breach cannot be cured by the exercise of due diligence within ninety (90) days, then the time for cure may be extended, in PRF’s sole discretion, for the time reasonably necessary to effect the cure, provided that Endocyte promptly commences to cure within said period and at all times thereafter proceeds diligently to cure the material default or material breach.
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Default or Material Breach. Either party may terminate this Agreement immediately upon a default or Material Breach by the other party of any term or condition, if such breach continues uncured for thirty (30) days following written notification from the non- breaching party. For the purposes of this Section, a Material Breach of this Agreement shall include, but not be limited to the following: failure to provide services as specified in Section 2, failure to maintain required insurance coverage as specified in Section 8, or failure to complete project within the time specified in Section 1.
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Related to Default or Material Breach

  • Material Breach A material breach for purposes of this Agreement shall include, but not be limited to:

  • Termination for Material Breach A party may terminate this Agreement immediately upon notice to the other parties if any of the other parties materially breaches this Agreement, and if capable of cure, does not cure the breach within 10 days after receiving notice specifying the breach. If the material breach affects only certain Services, the non-breaching party that served the notice may choose to terminate only the affected Services.

  • No Conflict, Breach, Violation or Default The execution, delivery and performance of the Transaction Documents by the Company and the issuance and sale of the Securities will not conflict with or result in a breach or violation of any of the terms and provisions of, or constitute a default under (i) the Company’s Articles of Incorporation or the Company’s Bylaws, both as in effect on the date hereof (true and complete copies of which have been made available to the Investor through the XXXXX system), or (ii)(a) any statute, rule, regulation or order of any governmental agency or body or any court, domestic or foreign, having jurisdiction over the Company, any Subsidiary or any of their respective assets or properties, or (b) any agreement or instrument to which the Company or any Subsidiary is a party or by which the Company or a Subsidiary is bound or to which any of their respective assets or properties is subject.

  • Termination upon Material Breach Notwithstanding the foregoing, a Party may terminate this Agreement if any other Party materially breaches a material provision of this Agreement and such material breach is not cured (i) within thirty (30) days after being given notice of the breach in the case of a material breach of an obligation to make payment hereunder or (ii) within sixty (60) days after being given notice of the breach in the case of any other material breach.

  • Default; Breach A “Default” is defined as a failure by the Lessee to comply with or perform any of the terms, covenants, conditions or Rules and Regulations under this Lease. A “Breach” is defined as the occurrence of one or more of the following Defaults, and the failure of Lessee to cure such Default within any applicable grace period:

  • Default or Event of Default No Default or Event of Default hereunder has occurred or is continuing or will occur as a result of the giving effect hereto.

  • Liability for Default 4.1 If Borrower conducts any material breach of any term of this Agreement, Lender shall have right to terminate this Agreement and require the Borrower to compensate all damages; this Section 4.1 shall not prejudice any other rights of Lender herein.

  • Notification of Event of Default Borrower shall notify Agent immediately of the occurrence of any Event of Default.

  • Representations True; No Event of Default Each of the representations and warranties of any of the Borrower and its Subsidiaries contained in this Credit Agreement, the other Loan Documents or in any document or instrument delivered pursuant to or in connection with this Credit Agreement shall be true as of the date as of which they were made and shall also be true at and as of the time of the making of such Loan or the issuance, extension or renewal of such Letter of Credit, with the same effect as if made at and as of that time (except to the extent of changes resulting from transactions contemplated or permitted by this Credit Agreement and the other Loan Documents and changes occurring in the ordinary course of business that singly or in the aggregate are not materially adverse, and to the extent that such representations and warranties relate expressly to an earlier date) and no Default or Event of Default shall have occurred and be continuing.

  • Event of Breach 7.1 The following circumstances shall be deemed Event of Default:

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