Common use of Remedies Upon Material Breach Clause in Contracts

Remedies Upon Material Breach. In the event of material breach of any provision of this Agreement by a Party, the non-defaulting Party shall give the defaulting Party written notice thereof, and: 7.1.1 If such breach is for any material failure to perform in accordance with this Agreement, the defaulting Party shall cure such breach within thirty (30) days of the date of such notice. 7.1.2 In the case of any such breach that is not cured in accordance with Section 7.1.1, then the non-defaulting Party shall also have the right to terminate this Agreement in its entirety or with respect to the affected Scheduled Service(s), upon written notice thereof to the defaulting Party, effective on the date set forth in such notice but no sooner than the date immediately after the expiration of the 30-day cure period.

Appears in 4 contracts

Samples: Transition Services Agreement (NorthStar Healthcare Income, Inc.), Termination Agreement (Colony Capital, Inc.), Termination Agreement (Colony Capital, Inc.)

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