Common use of Termination by Default Clause in Contracts

Termination by Default. (a) If either party defaults in the performance of, or fails to be in compliance with, any material agreement, condition or covenant of this Agreement, including the non-defaulting party may terminate this Agreement with respect to the defaulting party if such default or noncompliance shall not have been remedied, or, in the event the default or non-compliance cannot be remedied within such period, reasonable steps shall not have been initiated to remedy the same, within [BUKWANG REDACTED] after receipt by the defaulting party of a written notice thereof from the non-defaulting party.

Termination by Default. (a) If either party defaults in the performance of, or fails to be in compliance with, any material agreement, condition or covenant of this Agreement, including the non-defaulting party may terminate this Agreement with respect to the defaulting party if such default or noncompliance shall not have been remedied, or, in the event the default or non-compliance cannot be remedied within such period, reasonable steps shall not have been initiated to remedy the same, within [BUKWANG REDACTED] sixty (60) days after receipt by the defaulting party of a written notice thereof from the non-defaulting party.

Termination by Default. (a) If either party defaults in the performance of, or fails to be in compliance with, of any material agreementobligations hereunder, condition or covenant of this Agreement, including the non-defaulting party may terminate this Agreement with respect to and if any such default is not corrected within sixty (60) days after the defaulting party if receives written notice of such default or noncompliance shall not have been remedied, or, in the event the default or non-compliance cannot be remedied within such period, reasonable steps shall not have been initiated to remedy the same, within [BUKWANG REDACTED] after receipt by the defaulting party of a written notice thereof from the non-defaulting party, then non-defaulting party, may, at its option and in addition to any other remedies it may have, terminate this Agreement.

Termination by Default. (a) If either party materially defaults in the performance of, or fails to be in material compliance with, any material agreementterm, condition or covenant of this Agreement, including the non-defaulting nondefaulting party may terminate this Agreement with respect to the defaulting party if such default or noncompliance shall not have been remedied, or, in the event the default or non-compliance cannot be remedied within such period, reasonable steps shall not have been initiated to remedy the samesame to the nondefaulting party's reasonable satisfaction, within [BUKWANG REDACTED] 30 days after receipt by the defaulting party of a written notice thereof from the non-defaulting nondefaulting party.

Termination by Default. (a) If either party defaults in the performance of, or fails to be in compliance with, any material agreement, condition or covenant of this Agreement, including the non-defaulting party may terminate this Agreement with respect to the defaulting party if such default or noncompliance shall not have been remedied, or, in the event the default or non-compliance cannot be remedied within such period, reasonable steps shall not have been initiated to remedy the same, within [BUKWANG REDACTED] *** after receipt by the defaulting party of a written notice thereof from the non-non- defaulting party.

Termination by Default. (a) If either party materially defaults in the performance of, or fails to be in compliance with, of any material materials agreement, condition or covenant of this Agreement, including the non-defaulting party may terminate this R,D&O Agreement with respect to or the defaulting party if License Agreement, and such default or noncompliance shall not have been remedied, or, in the event the default or non-compliance cannot be remedied within such period, reasonable steps shall not have been initiated to remedy the samesame to the other party's reasonable satisfaction, within [BUKWANG REDACTED] ninety (90) days after receipt by the defaulting party of a written notice thereof from the non-defaulting other party, the party not in default may terminate this Agreement.