TERMINATION BY THE REGENTS. 12.1. If Licensee violates or fails to perform any material term of this Agreement, then The Regents may give written notice of the default (“Notice of Default”) to Licensee. If Licensee does not repair the default within sixty (60) days after the effective date of the Notice of Default (“Period to Cure”), then The Regents has the right to terminate this Agreement and the License by a second written notice (“Notice of Termination”) to Licensee. If The Regents sends a Notice of Termination to Licensee, then this Agreement automatically terminates on the effective date of this notice. Termination does not relieve Licensee of its obligation to pay any monies owed on the Termination Effective Date, and does not impair any accrued right of The Regents.
Appears in 4 contracts
Samples: Exclusive License Agreement (Fibrocell Science, Inc.), Exclusive License Agreement (Fibrocell Science, Inc.), Exclusive License Agreement (Fibrocell Science, Inc.)
TERMINATION BY THE REGENTS. 12.1. 7.1 If Licensee violates or fails to perform any material term of this Agreement, then The Regents may give written notice of the default (“Notice of Default”) to Licensee. If Licensee does not repair the default within sixty (60) days after the effective date of the Notice of Default (“Period to Cure”), then The Regents has the right to terminate this Agreement and the License by a second written notice (“Notice of Termination”) to Licensee. If The Regents sends a Notice of Termination to Licensee, then this Agreement automatically terminates on the effective date of this notice. Termination does not relieve Licensee of its obligation to pay any monies owed on royalty or fees owing at the Termination Effective Date, time of termination and does not impair any accrued right of The Regents.
Appears in 3 contracts
Samples: Sign Agreement, Sign Agreement, Sign Agreement
TERMINATION BY THE REGENTS. 12.1. If 13.1 In addition to the termination provision of Section 9.4 herein, if the Licensee violates or fails to perform or violates any material term of this Agreement, then The Regents may give written notice of the default (“Notice of Default”) to the Licensee. If the Licensee does not fails to repair the default within sixty (60) days after of the effective date of the Notice of Default (“Period to Cure”)Default, then The Regents has the right to may terminate this Agreement and the License its licenses by a second written notice (“Notice of Termination”) to Licensee). If The Regents sends a Notice of Termination is sent to the Licensee, then this Agreement will automatically terminates terminate on the effective date of this that notice. Termination does will not relieve the Licensee of its obligation to pay any monies owed on fees owing at the Termination Effective Date, time of termination and does will not impair any accrued right of The Regents. These notices are subject to Article 22 (Notices).
Appears in 2 contracts
Samples: Exclusive License Agreement (Renovis Inc), Exclusive License Agreement (Renovis Inc)
TERMINATION BY THE REGENTS. 12.1. 12.1 If Licensee violates or fails to perform any material term or covenant of this Agreement, including diligence requirements as described in Article 6, then The Regents may give written notice of the default (“Notice of Default”) to Licensee. If Licensee does not repair the default within sixty (60) 90 days after the effective date of the Notice of Default (“Period to Cure”)Default, then The Regents has the right to terminate this Agreement and the License by a second written notice (“Notice of Termination”) to Licensee. If The Regents sends a Notice of Termination to Licensee, then this Agreement automatically terminates on the effective date of this notice. Termination does not relieve Licensee of its obligation to pay any monies owed on royalty or fees owing at the Termination Effective Date, time of termination and does not impair any accrued right of The Regents.
Appears in 1 contract
Samples: Exclusive License Agreement (Concentric Medical Inc)
TERMINATION BY THE REGENTS. 12.1. 8.1 If Licensee violates or fails to perform any material term of this Agreement, then The Regents may give written notice of the default (“Notice of Default”) to Licensee. If Licensee does not repair the default within sixty (60) days after the effective date of the Notice of Default (“Period to Cure”), then The Regents has the right to terminate this Agreement and the License by a second written notice (“Notice of Termination”) to Licensee. If The Regents sends a Notice of Termination to Licensee, then this Agreement automatically terminates on the effective date of this notice. Termination does not relieve Licensee of its obligation to pay any monies owed on fees owing at the Termination Effective Date, time of termination and does not impair any accrued right of The Regents.
Appears in 1 contract
Samples: License Agreement