DEFAULTS BY LICENSEE Sample Clauses

DEFAULTS BY LICENSEE. The occurrence of any one or more of the following shall constitute a default by Licensee under this Agreement: (i) Licensee shall fail to make payment for the Licensed Assets and such failure continues for more than thirty (30) days after written notice thereof, unless such failure cannot be cured within such thirty (30) day period and Licensee shall have commenced to cure the failure and proceeds diligently thereafter to cure such failure. (ii) Licensee uses the Licensed Assets in any manner likely to endanger the validity of the Licensed Assets or to damage or impair the reputation or value of the Licensed Assets, and such action continues for more than thirty (30) days after written notice thereof, unless the action cannot be cured within such thirty (30) day period and Licensee shall have commenced to cure the action and proceeds diligently thereafter to cure such action. (iii) The failure of Licensee to perform any of its other material obligations under this Agreement and such failure continues for more than thirty (30) days after written notice thereof, unless the failure cannot be cured within such thirty (30) day period and Licensee shall have commenced to cure the failure and proceeds diligently thereafter to cure such failure.

DEFAULTS BY LICENSEE. Except as otherwise expressly provided for in this Agreement, in the event Licensee shall default in the performance of any of the terms and conditions to be performed hereunder, including the payment of royalties, and the same shall not be cured within ten days (10) after written notice to Licensee, Licensor may, at its option, or any time thereafter, cancel and terminate this Agreement.

DEFAULTS BY LICENSEE. A) Except as otherwise expressly provided in this Agreement, i) in the event Licensee shall default in the performance of any of the terms, obligations and conditions on the part of Licensee to be performed hereunder, and if such default involves the payment of money and the same shall not be cured within ten (10) days after Licensee's receipt of written notice, or if such default involves performance other than the payment of money and same shall not be cured within thirty (30) days after Licensee's receipt of written notice, or ii) if a Receiver is appointed to, or one or more creditors do take possession of all or substantially all of the assets of Licensee, or iii) if Licensee shall make a general assignment for the benefit of creditors, or iv) if any action is taken or suffered by Licensee under any insolvency or bankruptcy act; then, and in any one or more of such events, and in addition to any other rights which Licensor may have under this Agreement or at law or in equity, Licensor may immediately and without prior notice cancel and terminate this Agreement. In the event Licensee commits three or more defaults and corrections thereof of any nature during the term hereof and any extension, of which Licensor has given written notice, Licensor, in addition to its other rights hereunder and at law or in equity, may immediately and without prior notice, cancel and terminate this Agreement. The time for performance of any act required of either party shall be extended by a period equal to the period during which such party was actually prevented from performance by fire, flood, storm or other like casualty.

DEFAULTS BY LICENSEE. The occurrence of any one or more of the following shall constitute a default by Licensee under this Restated Agreement: (i) Licensee shall fail to make any payment, submit any Quarterly Report or provide any financial information required under this Restated Agreement when due, and such failure continues for more than thirty (30) days after written notice thereof, unless such failure cannot be cured within such thirty (30) day period and Licensee shall have commenced to cure the failure and proceeds diligently thereafter to cure such failure. (ii) Licensee uses the Trademark in any manner likely to endanger the validity of the Trademark or to damage or impair the reputation or value of the Trademark, and such action continues for more than thirty (30) days after written notice thereof, unless the action cannot be cured within such thirty

DEFAULTS BY LICENSEE. The occurrence of any one or more of the following shall constitute a default by Licensee under this Agreement. 8.1.1 Licensee shall fail to make any payment or submit any report required under this Agreement when due; 8.1.2 Licensee uses the Trademark in any manner likely to deceive or mislead the public, to endanger the validity of the Trademark or to damage or impair the reputation or value of the Trademark; 8.1.3 The failure of Licensee to perform any of its other obligations under this Agreement.

DEFAULTS BY LICENSEE. The occurrence of any of the following shall constitute a default under this License by Licensee:

DEFAULTS BY LICENSEE. If default shall be made by Licensee in the performance or compliance with any of the agreements, terms, covenants or conditions in this License, Licensor, at any time, may give written notice to Licensee specifying such event of default or defaults stating that this License is revoked and is terminated, and thereupon all rights of Licensee under this License shall thereby expire and terminate immediately.

DEFAULTS BY LICENSEE. Except as provided, in the event Licensee materially defaults in the performance of any of the terms and conditions hereunder, and if such default involves the payment of money not cured within ten (10) days after receipt of written notice or if such default involves performance other than the payment of money, and Licensee shall not have commenced curing the same within thirty (30) days after receipt of written notice, or if a Receiver is appointed to, or one or more creditors take possession of all or substantially all of Licensee's assets, or if Licensee shall make a general assignment for the benefit of creditors, of if any action is taken or suffered by Licensee under any insolvency or bankruptcy act, then in such event Licensor may cancel and terminate this Agreement. Such cancellation and termination will not relieve Licensee of any of its obligations as may by then have accrued hereunder. If Licensee commits three or more material defaults and corrections thereof during the term or extension of this Agreement, Licensor may terminate this Agreement with written notice to Licensee. The time for performance of any act required of either party shall be extended by a period equal to the period during which a party was reasonably prevented from performance, by fire, flood, storm, or like casualty.

DEFAULTS BY LICENSEE. Except as provided, in the event Licensee materially defaults in the performance of any of the terms and conditions hereunder, and if such default involves the payment of money not cured within ten (10) business days after receipt of written notice or if such default involves performance other than the payment of money, and Licensee shall not have commenced curing the same within thirty (30) days after receipt of written notice, or if a Receiver is appointed to, or one or more creditors take possession of all or substantially all of Licensee's assets, or if Licensee shall make a general assignment for the benefit of creditors, of if any action is taken or suffered by Licensee under any insolvency or bankruptcy act, then in such event Licensor may cancel and terminate this Agreement upon written notice to Licensee. Such cancellation and termination will not relieve Licensee of any of its obligations as may by then have accrued hereunder. If Licensee commits three or more defaults and corrections thereof during the term or extension of this Agreement, Licensor may terminate this Agreement with written notice to Licensee. If at the time of termination Licensee shall have paid to Licensor royalties in excess of the amounts required to be paid by the Licensee pursuant to Paragraph 3, Licensor shall retain such excess pending a final accounting from Licensee of Sell-Off Inventory (as hereafter defined), and shall within thirty (30) days of receipt of such accounting remit the excess, if any, to Licensee. The time for performance of any act required of either party shall be extended by a period equal to the period during which a party was reasonably prevented from performance, by fire, flood, storm, or like casualty.

DEFAULTS BY LICENSEE