Common use of Termination by Licensor Clause in Contracts

Termination by Licensor. Licensor, at its option, may immediately terminate the Agreement, or any part of Licensed Subject Matter, or any part of the Field, or any part of the Territory, or the exclusive nature of the license grant, upon delivery of written notice to Licensee of Licensor’s decision to terminate, if any of the following occur: (a) Licensee becomes in arrears in any payments due under the Agreement, and Licensee fails to make the required payment within 30 days after delivery of written notice from Licensor; or (b) Licensee is in breach of any material non-payment provision of the Agreement, and does not cure such breach within 60 days after delivery of written notice from Licensor. (c) Licensor delivers notice to Licensee of three or more actual breaches of the Agreement in any 12-month period, even in the event that Licensee cures such breaches in the allowed period.

Termination by Licensor. Licensor, at its option, may immediately terminate the Agreement, or any part of Licensed Subject Matter, or any part of the FieldField of Use, or any part of the Territory, or the exclusive nature of the license grant, upon delivery of written notice to Licensee of Licensor’s decision to terminate, if any of the following occur: (a) Licensee becomes in arrears in any payments due under the Agreement, and Licensee fails to make the required payment within 30 thirty (30) days after delivery of written notice from Licensor; or (b) Licensee is in breach of any material non-payment provision of the Agreement, and does not cure such breach within 60 ninety (90) days after delivery of written notice from Licensor. (c) Licensor delivers notice to Licensee of three or more actual breaches of the Agreement in any 12-month period, even in the event that Licensee cures such breaches in the allowed period.;

Termination by Licensor. Licensor, at its option, may immediately terminate the Agreement, or any part of Licensed Subject MatterPatent Rights, or any part of the Field, or any part of the Territory, or the exclusive nature of the license grant, upon delivery of written notice to Licensee of Licensor’s decision to terminate, if any of the following occur: (a) Licensee becomes in arrears in any payments due under the Agreement, and Licensee fails to make the required payment within 30 thirty (30) days after delivery of written notice from Licensor; or (b) Licensee is in breach of any material non-payment provision of the Agreement, and does not cure such breach within 60 sixty (60) days after delivery of written notice from Licensor. (c) ; or Licensor delivers notice to Licensee of three or more actual breaches of the Agreement in any 12-month period[*], even in the event that Licensee cures such breaches in the allowed period., but only if [*]; or

Termination by Licensor. Licensor, at its option, may immediately terminate the Agreement, or any part of Licensed Subject MatterPatent Rights, or any part of the Field, or any part of the Territory, or the exclusive nature of the license grant, upon delivery of written notice to Licensee of Licensor’s decision to terminate, if any of the following occur: (a) Licensee becomes more than $5,000 in arrears in any payments due under the Agreement, and Licensee fails to make the required payment within 30 60 days after delivery of written notice from Licensor; or (b) Licensee is in material breach of any material non-payment provision of the Agreement, and does not cure such breach within 60 days after delivery of written notice from Licensor.; or (c) Licensor delivers notice Licensee or its Affiliate initiates any proceeding or action to Licensee challenge the validity, enforceability, or scope of three one or more actual breaches of the Agreement Patent Rights, or assist a third party in any 12-month period, even in the event that Licensee cures pursuing such breaches in the allowed perioda proceeding or action.