Common use of Judicial Council’s Option to Retain System on Licensee Default Clause in Contracts

Judicial Council’s Option to Retain System on Licensee Default. If Licensee defaults on either this SLA or the SPPA and fails to cure the default as provided by the terms of the respective agreement, the Judicial Council has the option to obtain clear title and exclusive possession of the System pursuant to section 11.4, above.

Judicial Council’s Option to Retain System on Licensee Default. If Licensee defaults on either this SLA or the SPPA Lease and fails to cure the default as provided by the terms of the respective agreement, the Judicial Council has the option to obtain clear title and exclusive possession of the System pursuant to section 11.4, above.