Common use of Remedies in Event of Default Clause in Contracts

Remedies in Event of Default. Neither party shall be entitled to exercise any remedy otherwise available to it at law or in equity unless and until such party shall have provided the other party with notice of such event of default, reasonably specifying the nature of the default, and any applicable period of time for cure thereof shall have expired without cure, and the procedures defined in Article 13 of the Agreement shall have been first exhausted.

Appears in 5 contracts

Samples: Future Blood Screening Assay—west Nile Virus Addendum (Chiron Corp), Future Blood Screening Assay Ultrio 2 Addendum (Gen Probe Inc), Future Blood Screening Assay—ultrio Addendum (Chiron Corp)

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Remedies in Event of Default. Neither party Party shall be entitled to exercise any remedy otherwise available to it at law or in equity unless and until such party Party shall have provided the other party Party with notice of such event of default, reasonably specifying the nature of the default, and any applicable period of time for cure thereof shall have expired without cure, and the procedures defined in Article 13 of the Agreement shall have been first exhausted.

Appears in 2 contracts

Samples: Modified Blood Screening Instrument Esas 2 Addendum (Gen Probe Inc), Modified Blood Screening Instrument – Esas 2 Addendum (Chiron Corp)

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