Common use of Failure to Cure Clause in Contracts

Failure to Cure. Subject to Section 10.2(a), if the Party receiving notice of breach fails to cure such breach within such one hundred and twenty (120) day period after receipt of such notice (or thirty (30) days for non-payment breaches), the Party originally delivering the notice may terminate this Agreement effective immediately upon delivery of a second written notice to the allegedly breaching Party

Appears in 5 contracts

Samples: Collaboration and License Agreement (MorphoSys AG), Collaboration and License Agreement (MorphoSys AG), Collaboration and License Agreement (Xencor Inc)

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Failure to Cure. Subject to Section 10.2(a), if If the Party receiving notice of breach fails to cure such breach within such one hundred and twenty ninety (12090) day period after receipt of such notice (or thirty (30) days for day period in the case of non-payment breaches), the Party originally delivering the notice may terminate this Agreement effective immediately upon delivery of a second written notice to the allegedly breaching Party.

Appears in 3 contracts

Samples: License Agreement, License Agreement (Aveo Pharmaceuticals Inc), Research and Exclusive Option Agreement (Aveo Pharmaceuticals Inc)

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