Common use of FINAL CURE PERIOD Clause in Contracts

FINAL CURE PERIOD. If the noncompliance with the Quality Standards remains uncured after the expiration of the Second Cure Period, then at MRV's election, Luminent, or the noncomplying Subsidiary or Authorized Dealer, whichever is applicable, promptly shall cease offering the noncomplying Luminent Business Products under the Licensed Marks until MRV determines that Luminent, or the noncomplying Subsidiary or Authorized Dealer, whichever is applicable, has demonstrated its ability and commitment to comply with the Quality Standards. Nothing in this Article 8 shall be deemed to limit Luminent's obligations under Section 4.3 above or to preclude MRV from exercising any rights or remedies under Section 4.3 above.

FINAL CURE PERIOD. If the noncompliance with the Quality Standards Trademark Usage Guidelines remains uncured after the expiration of the Second Guideline Cure Period, then at MRV's election, Luminent, or the noncomplying Subsidiary or Authorized Dealer, whichever is applicable, promptly shall cease offering using the noncomplying Luminent Business Products under the Licensed Marks Collateral Materials until MRV determines that Luminent, or the noncomplying Subsidiary or Authorized Dealer, whichever is applicable, has demonstrated its ability and commitment to comply with the Quality StandardsTrademark Usage Guidelines. Nothing in this Article 8 6 shall be deemed to limit Luminent's obligations under Section 4.3 above or to preclude MRV from exercising any rights or remedies under Section 4.3 above.