Remedies for Qualification Failures Sample Clauses

Remedies for Qualification Failures. (a) If Qualification is not accomplished within ninety (90) days after the date by which Qualification is scheduled to be accomplished according to the agreement of the parties, and the failure to accomplish Qualification within such extended period is not caused by a material default on the part of PI of its obligations to provide Confidential Information, Technical Cooperation as required under this Agreement, PI may, upon giving OKI prior written notice, elect the following remedy for such failure, which shall be effective thirty (30) days after such notice is given. PI shall not give such notice unless PI has first consulted with OKI, OKI has had a reasonable opportunity to cure the default, and the default has not been cured. Such remedy shall be PI's exclusive remedy for the non-occurrence of Qualification:
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