Common use of Termination by NewCo Clause in Contracts

Termination by NewCo. If MCK fails to make in full, any payment required under this Agreement (except if the payment is subject to a Dispute), and the failure to pay is not cured within fifteen (15) days of receiving written notice thereof from NewCo, NewCo may elect, at its sole discretion, to either terminate this Agreement or suspend the provision of any or all of the Services. In addition, in the event of a material breach by MCK or its Affiliates of any of its other obligations under this Agreement, and failure by MCK to remedy such breach in all material respects within ninety (90) days after receipt of written notice of the breach, NewCo may terminate the Service(s) affected by such uncured breach or suspend its performance of such affected Service(s).

Appears in 10 contracts

Samples: Transition Services Agreement, Transition Services Agreement (PF2 SpinCo, Inc.), Transition Services Agreement (PF2 SpinCo, Inc.)

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