Licensee Default. For the purposes of Clause 20, there shall have occurred a Licensee Default in any of the following events or circumstances:
Licensee Default. Each of the following events will, unless otherwise expressly agreed by the Licensor in writing, constitute a "Licensee Default" under this Agreement:
20.1.1 Any failure by the Licensee to pay the amounts required to be paid by it pursuant to Article IV or V within fifteen (15) days after receipt of written notice of failure to pay any such amount when due from the Licensor.
20.1.2 The Licensee materially breaches or fails to comply with any material provision of this Agreement applicable to the Licensor other than the obligation to pay the amounts required to be paid by it pursuant to Article IV or V, and such breach or noncompliance continues for a period of thirty (30) days after written notice thereof by the Licensor to the Licensee; or, if such breach or noncompliance cannot reasonably be cured within such 30-day period, the Licensee does not commence to cure such breach or noncompliance within such 30-day period or, after commencing to cure such breach or noncompliance, does not thereafter pursue such cure in good faith to completion.
20.1.3 The Licensee files a petition in bankruptcy or insolvency, or for reorganization or arrangement under any Applicable Laws related to bankruptcy or insolvency, or voluntarily takes advantage of any such Applicable Laws by answer or otherwise, or dissolves or makes a general assignment for the benefit of creditors, or involuntary proceedings under any such Applicable Laws or for the dissolution of the Licensee are instituted against the Licensee, or a receiver or trustee is appointed for the Arena or for all or substantially all of the Licensee property, and such involuntary proceedings are not dismissed or such receivership or trusteeship vacated within ninety (90) days after such institution or appointment.
Licensee Default. Licensor will copy Administrative Agent on any notice of breach that identifies itself as a notice of breach, default, suspension, termination issued to Licensee under, or any exercise by Licensor of any other remedy under Section 18 of, the License Agreement. Administrative Agent shall have the right, but not the obligation, upon notice to Licensor, to cure JPMorgan Chase Bank, N.A., as Administrative Agent November 21, 2011 any of the foregoing on behalf of Licensee during the time period for cure established in the default notice (provided that the commencement date for purposes of calculating any such cure period shall be the date on which the Administrative Agent receives the relevant notice from the Licensor). Licensor shall extend Administrative Agent’s right to cure for such reasonable period of time beyond the above cure period if: (i) the default is not a material default related to health or safety; (ii) the default is susceptible to cure; (iii) Administrative Agent notifies Licensor of Administrative Agent’s intention to cure the default as soon as reasonably practicable, but by no later than two (2) days prior to expiration of the cure period established in the default notice; (iv) all royalties, fees, charges, and other amounts due to Licensor or any of its affiliates under the License Agreement are kept current (other than those that are the subject of any good faith dispute); and (v) cure of the default is diligently pursued. The foregoing procedures shall apply separately each purported breach or default of the License Agreement.
Licensee Default. If Licensee defaults in the performance of any of its obligations under this License, in addition to all other rights Licensor may have at law or in equity, Licensor may terminate this License upon three (3) days' notice to Licensee. Licensee shall pay all reasonable legal fees incurred by Licensor in enforcing Licensor's rights hereunder. To the extent allowed by laws, Licensor and Licensee waive trial by jury in any action.
Licensee Default. A “Licensee Default” shall occur if Licensee defaults in the performance of any material obligation herein and such default is not cured within fifteen (15) calendar days after receipt from Licensor of written notice of such default; provided that if: (i) such default cannot be cured with reasonable diligence during such fifteen (15) calendar day period; and (ii) Licensee takes reasonable steps during such fifteen (15) calendar days to cure of such default, then such default shall not constitute a Licensee Default. In the event Licensee is late making any of the payments as set forth in Section 2.2, and if cured within fifteen (15) calendar days as set forth above, Licensee is subject to a late fee of $1,000.
Licensee Default. Any one or more of the following events shall constitute a default by LICENSEE (“LICENSEE Default”):
(i) The failure to pay License Fees or make other payments set forth herein and/or in the SLA when such failure continues for ten (10) business days after the date LICENSOR provides written notice thereof to LICENSEE;
(ii) The failure to perform any other obligations under this MLA or an SLA, and such failure continues for thirty (30) days from the date LICENSOR gives written notice thereof to LICENSEE (unless another time period is specified for a particular default under this MLA or the SLA); provided, however, that if more than thirty (30) days are required in order to cure any such non-monetary LICENSEE default, LICENSEE shall have a reasonable period of time necessary to cure such a default if LICENSEE shall have commenced and is diligently pursuing corrective action within such initial thirty (30) days; or
(iii) The prosecution of any case, proceeding or other action under any existing or future law of any jurisdiction, domestic or foreign, relating to bankruptcy, insolvency or relief of indebtedness with respect to LICENSEE.
Licensee Default. If at any time during the term of this Agreement, Licensee defaults in the performance of any of its obligations hereunder, Licensor may terminate this Agreement upon giving thirty (30) days written notice to Licensee; provided, however, that Licensee may cure such default to Licensor’s reasonable satisfaction within said thirty (30) day period, and in the event of cure during such period, this Agreement shall continue in full force and effect.
Licensee Default. If the Licensee is in default under this License and such default shall continue for ten (10) days after Licensor has notified the Licensee by written notice of such default (except in the case of a default which cannot be remedied within ten (10) days and where Licensee shall have commenced and shall be diligently pursuing all necessary action to remedy such default), the Licensor may, but shall not be obligated to, cure the default or elect to terminate this License by providing Licensee written notice as provided for herein. Termination under this Paragraph 12 shall only be effective as of the end of the then current school year. The remedies under the terms of this License are not intended to be exclusive of any other rights or remedies Licensee may have and shall be in addition to any other remedies, existing now or hereafter, at law, in equity or by statute.
Licensee Default. This Agreement shall, at the option of Owner in its sole discretion, cease and terminate upon written notice from Owner to Licensee, if any of the following occur: (a) Licensee fails to pay the License Fee or any other sums required by this Agreement when due; (b) Licensee violates or fails to perform any of the conditions, covenants or agreements of this Agreement (other than the payment of the License Fee or any other sums required by this Agreement), and any such violation or failure continues for a period of twenty (20) days after written notice thereof has been delivered by Owner to Licensee; or
Licensee Default. In the event that Licensee is in default of any provision of this Agreement and has failed to cure such default, Licensor may --- terminate this Agreement upon written notice to Licensee effective immediately.