Common use of Early termination by University Clause in Contracts

Early termination by University. University may terminate this Agreement if: (a) Company is more than thirty (30) days late in paying to University any amounts owed under this Agreement and does not immediately pay University in full, including accrued interest, upon demand (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 forty-five (45) days after written notice of the breach; or (c) Company or its Affiliate or Sublicensee experiences a Trigger Event.

Early termination by University. University may terminate this Agreement if: (a) Company is more than thirty (30) days late in paying to University any amounts owed under this Agreement and does not immediately pay University in full, including accrued interest, upon demand (a “Payment Default”); (b) other than a Payment Default, Company or its Affiliate or Sublicensee sublicensee breaches this Agreement and does not cure the breach within forty-five (45) days after written notice of the breach; or (c) Company or its Affiliate or Sublicensee sublicensee experiences a Trigger Event.

Early termination by University. University may terminate this Agreement if: (a) Company is more than thirty (30) days late in paying to University any amounts owed under this Agreement and does not immediately pay University in full, including accrued interest, within ten (10) business days upon demand (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 forty-five (45five.(45) days after written notice of the breach; (c) Company fails to timely terminate a sublicense agreement in accordance with Section 1.5(d); or (cd) Company or its Affiliate or Sublicensee experiences a Trigger Event.