Licensor’s Default Sample Clauses

Licensor’s Default. If any of the following events occur, LICENSOR shall be in default and LICENSEE, at its option, shall have the right to terminate this Agreement upon thirty (30) days written notice to LICENSOR. LICENSOR ceases to function as a going concern, makes an License for the benefit of creditors, files a petition in bankruptcy, permits a petition in bankruptcy to be filed against it, or admits in writing its inability to pay its debts as they mature or if a receiver is appointed for a substantial part of its assets;

Licensor’s Default. Licensor will be in default if: (i) Licensor becomes insolvent or fails to pay its debts when due; (ii) Licensor makes an assignment for the benefit of creditors, or seeks relief under any bankruptcy law or similar law for the protection of debtors, or allows a petition of bankruptcy to be filed against it or a receiver or trustee appointed for substantially all of its assets that is not removed within thirty (30) days; or (iii) Licensor breaches any material term, covenant, or condition of this Agreement. Any default by Licensor is limited to the Picture, and no default by Licensor as to any one agreement with Distributor will be a default as to any other agreement with Distributor.

Licensor’s Default. If the Licensor defaults in the observance or performance of any of its covenants or agreements contained in this Licence, the Licensee may, at its option and upon such reasonable notice as the circumstances warrant, remedy such default and deduct the reasonable cost of such action from the Licence Fee payable under this Licence or require the Licensor to otherwise reimburse the Licensee for the reasonable cost of such action.

Licensor’s Default. Licensor’s failure to keep, observe or perform any of the terms and conditions of this Agreement, shall be a default by Licensor and a breach of this Agreement.

Licensor’s Default. Licensor will be in default if: (i) Licensor fails to give Distributor a Notice of Initial Delivery before the Outside Delivery Date, if any, or otherwise fails to complete Initial Delivery as required; (ii) Licensor becomes insolvent or fails to pay its debts when due; (iii) Licensor makes an assignment for the benefit of creditors, or seeks relief under any bankruptcy Law or similar Law for the protection of debtors, or allows a petition of bankruptcy to be filed against it or a receiver or trustee appointed for substantially all of its assets that is not removed within thirty (30) days; or (iv) Licensor breaches any material term, covenant, or condition of this Agreement. Any default by Licensor is limited to the particular Picture affected, and no default by Licensor as to any one Picture or agreement with Distributor will be a default as to any other Picture or agreement with Distributor.

Licensor’s Default. If Licensor should default in the performance of any of its obligations under this Agreement for a period of more than thirty (30) days after receipt of written notice from Licensee specifying such default, or if such default is of a nature to require more than thirty (30) days to remedy and continues beyond the time reasonably necessary to cure such default (or Licensor has not undertaken procedures to cure such default within such thirty (30) day period or thereafter diligently pursued such procedures, subject to force majeure), Licensee may, in addition to any other remedy available at law or in equity, terminate this Agreement upon ninety (90) days notice (but without any right to damages as a result thereof) . Licensee agrees that nothing in this Agreement and no breach of this Agreement shall modify or limit any party’s obligations to make any payments that are required to be made pursuant to the Purchase Agreement.

Licensor’s Default. Licensor will default if: (i) Licensor fails to Deliver any Program in a timely manner after a reasonable request from Licensee; (ii) Licensor makes an assignment for the benefit of creditors, or seeks relief under any bankruptcy law or similar law for protection of debtors, or allows a receiver or trustee appointed for substantially all of its assets who is not removed within thirty (30) days; or (iii) Licensor breaches any material provision of this Agreement. A default by Licensor is limited to the affected Program, and Licensee may not terminate this Agreement unless Licensor is in default for more than half of the Programs. No default by Licensor as to any one agreement with Licensee will be a default as to any other agreement with Licensee.

Licensor’s Default. In the event of any material default or breach of this Agreement by Licensor and the failure of Licensor to cure such default or breach within 30 days after the date of service of written notice from Fox specifying the exact nature of the applicable default or breach, Fox shall have the right to terminate this Agreement. If this Agreement is terminated as a result of Licensor's material default or breach, Licensor shall immediately refund to Fox any sums paid by Fox to Licensor hereunder or expended by Fox hereunder in connection with the exercise of the Distribution Rights without limiting any other right or remedy that Fox may otherwise have.

Licensor’s Default. Licensor shall not be in default under this License unless Licensor fails to perform any required obligation for at least thirty (30) days after written demand specifying the exact nature of the obligation that Licensor allegedly has failed to perform. If the nature of Licensor’s obligation is such that more than thirty (30) days is reasonably required for performance, then Licensor will not be in default if Licensor promptly begins performance within such thirty (30) day period and pursues it diligently and continuously to completion.

Licensor’s Default. The occurrence of any one or more of the following events shall constitute a default and breach of this Agreement by Licensor: (a) If Licensor fails to make any payment required to be made by it to Licensee under this Agreement and such failure continues for thirty (30) calendar days after written notice from Licensee that such payment is due and payable; or (b) If Licensor fails to promptly and fully perform any other covenant, condition or agreement contained in this Agreement and such failure continues for thirty (30) calendar days after written notice thereof from Licensee to Licensor (unless such failure is of a nature which cannot reasonably be cured within such thirty (30) day period, so long as Licensor has promptly, and in any event within such thirty (30) day period, commenced to cure such failure and thereafter diligently prosecutes such cure to completion).