Common use of Early Termination by Penn Clause in Contracts

Early Termination by Penn. Penn may terminate this Agreement if: (a) Company is more than [**] days late in paying to Penn,, as applicable, any amounts owed under this Agreement and does not pay Penn, as applicable, in full, including accrued interest, within [**] days following written notice of such payment default (a “Payment Default”); (b) other than a Payment Default, Company or its Affiliate or sublicensee breaches this Agreement and does not cure the breach within [**] days after written notice of the breach; or (c) Company or its Affiliate or sublicensee experiences a Trigger Event.

Early Termination by Penn. Penn may terminate this Agreement if: (a) Company is more than [**] days ** late in paying to Penn,, as applicable, Penn any amounts owed under this Agreement and does not pay Penn, as applicable, Penn in fullfull within **** after receipt of written notice indicating such default and demanding payment, including accrued interest, within [**] days following written notice of such payment default interest (a “Payment Default”); (b) other than a Payment Default, Company or its Affiliate or sublicensee fails to achieve a diligence event on or before the applicable completion date or otherwise breaches this Agreement and does not cure the such failure or breach within [**] days ** after written notice of the breach; or (c) Company or its Affiliate or sublicensee experiences a Trigger Event.