Termination by Tracon Sample Clauses
Termination by Tracon. Tracon may terminate the Agreement, in its sole discretion, upon 15 business days prior written notice to Enviro, if Enviro fails to make any of the Payments required in the “Payments” section above, and if Enviro has not cured such breach within 15 business days after written notice thereof by Tracon; or upon or after the material breach of Enviro’s obligations under the Agreement if Enviro has not cured such breach within 15 business days after written notice thereof by Tracon.
Termination by Tracon. Tracon may terminate this Agreement, in its sole discretion, upon [***] prior written notice to Cell-Matrix; provided, however, that Tracon shall not have the right to terminate this Agreement pursuant to this Section 11.2 prior to the earlier to occur of (a) payment of the last installment of the amount due for the deliveries actually made pursuant to Section 4, or (b) delivery to Tracon of a final clinical study report for the first Phase I Clinical Trial.