Common use of General Termination Rights Clause in Contracts

General Termination Rights. Either party may terminate ---------------------------- this Agreement by giving to the other party sixty (60) days prior written notice as follows: (a) Upon the bankruptcy or the insolvency of the other party; (b) Upon the breach of any warranty or any other material provision of this Agreement by the other party if the breach is not cured within sixty (60) days after written notice thereof to the party in default; or (c) Upon the breach of Sections 2.3(b) or (c) of the Termination Agreement by the other party if the breach is not cured in accordance with the terms and conditions thereunder.

Appears in 2 contracts

Samples: Termination and Asset Sale and Purchase Agreement (Anesta Corp /De/), Termination and Asset Sale and Purchase Agreement (Anesta Corp /De/)

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General Termination Rights. Either party Upon the occurrence of the following events, either Party may terminate ---------------------------- this Agreement by giving to the other party Party sixty (60) days prior written notice as followsnotice: (a) Upon the bankruptcy or the insolvency of the other partyParty; (b) Upon the material breach of any warranty or any other material provision of this Agreement by the other party Party if the breach is not cured remedied prior to the expiration of such sixty (60)-day notice period, or if the breach is of a type that cannot be remedied within sixty (60) days after written notice thereof to the party in defaultdays, then a remedy promptly commenced and diligently pursued until complete remediation; or (c) Upon the breach of Sections 2.3(b) or (c) of the Termination Agreement by the other party if the breach is not cured representations and warranties contained in accordance with the terms and conditions thereunderSection 28.

Appears in 1 contract

Samples: Development and Supply Agreement (Seattle Genetics Inc /Wa)

General Termination Rights. Either party may terminate ---------------------------- this Agreement as follows: Immediately by providing written notice upon the bankruptcy or the insolvency of the other party; or By giving to the other party sixty (60) days days' prior written notice as follows: (a) Upon upon the bankruptcy or the insolvency of the other party; (b) Upon the material breach of any warranty or any other material provision of this Agreement by the other party if the breach is not cured within sixty (60) days after delivery of such written notice thereof to the party in default; or (c) Upon the breach of Sections 2.3(b) or (c) of the Termination Agreement by the other party if the breach is not cured in accordance with the terms and conditions thereunder.

Appears in 1 contract

Samples: Development and Supply Agreement (NPS Pharmaceuticals Inc)

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General Termination Rights. Either Upon the occurrence of the following events, either party may terminate ---------------------------- this Agreement by giving to the other party sixty (60) days prior written notice as followsnotice: (a) Upon the bankruptcy or the insolvency of the other party;; or (b) Upon the material breach of any warranty or any other material provision of this Agreement by the other party if the breach is not cured within remedied prior to the expiration of such sixty (60) days after written - day notice thereof to the party in default; or (c) Upon the breach of Sections 2.3(b) period, or (c) of the Termination Agreement by the other party if the breach is of a type that cannot cured in accordance with the terms be remedied within Sixty (60) days then a remedy promptly commenced and conditions thereunderdiligently pursued until complete remediation.

Appears in 1 contract

Samples: Development and Supply Agreement (Targanta Therapeutics Corp.)

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