Common use of Termination by Salix Clause in Contracts

Termination by Salix. Salix may terminate this Agreement at any time during the Initial Term upon thirty (30) days written notice to Debiovision without reimbursement and without obligation to pay any further sums due under Section 4.1.1 should Debiovision be in material breach of any of the terms and conditions of this Agreement and fail to cure the breach after receipt of written notice from Salix requesting that within thirty (30) days the default be cured.

Termination by Salix. Salix may shall have the right to terminate this Agreement at any time during the Initial Term upon thirty with six (306) days months prior written notice to Debiovision without reimbursement provided that Salix pays Debiovision, at the end of the six (6) month period, all unpaid payments set forth in Section 4.1.1 and without obligation to pay any further sums the minimum Payment (if any) due under Section 4.1.1 should Debiovision be 4.3 in material breach respect of any of the terms and conditions of this Agreement and fail to cure the breach after receipt of written notice from Salix requesting that within thirty (30) days the default be curedsuch Year.