Common use of MINIMUM ANNUAL ROYALTY Termination Clause in Contracts

MINIMUM ANNUAL ROYALTY Termination. This LICENSE shall automatically terminate at midnight on the expiration of the thirty (30) day cure period commencing on the date of receipt of written notice if the MINIMUM ANNUAL ROYALTY for any calendar year, together with any interest and surcharge that may be due as prescribed in Article 4, has not been paid.

Appears in 5 contracts

Samples: License Agreement, Supply Agreement (Adaptimmune Therapeutics PLC), License Agreement (Adaptimmune Therapeutics PLC)

AutoNDA by SimpleDocs

MINIMUM ANNUAL ROYALTY Termination. This SUB-LICENSE shall automatically terminate at midnight on the expiration of the thirty (30) day cure period commencing on the date of receipt of written notice if the MINIMUM ANNUAL ROYALTY for any calendar year, together with any interest and surcharge that may be due as prescribed in Article 4, has not been paid.

Appears in 5 contracts

Samples: Supply Agreement (Adaptimmune Therapeutics PLC), Sub License Agreement (Adaptimmune Therapeutics PLC), Sub License Agreement (Adaptimmune Therapeutics PLC)

AutoNDA by SimpleDocs

MINIMUM ANNUAL ROYALTY Termination. This LICENSE shall automatically terminate at midnight on the expiration of the thirty sixty (3060) day cure period commencing on the date of receipt of written notice if the MINIMUM ANNUAL ROYALTY for any calendar year, together with any interest and surcharge that may be due as prescribed in Article 46, has not been paid.

Appears in 2 contracts

Samples: Supply Agreement (Adaptimmune Therapeutics PLC), Sub License Agreement (Adaptimmune Therapeutics PLC)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!