Common use of Termination by University Clause in Contracts

Termination by University. If LICENSEE fails to perform or violates any term of this Agreement, then UNIVERSITY may give written notice of default ("Notice of Default") to LICENSEE. If LICENSEE fails to cure the default within sixty (60) days of the Notice of Default, UNIVERSITY may terminate this Agreement and the license granted herein by a second written notice ("Notice of Termination")

Appears in 3 contracts

Samples: Evaluation License Agreement (Neoprobe Corp), License Agreement (OccuLogix, Inc.), License Agreement (OccuLogix, Inc.)

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Termination by University. 10.1 If LICENSEE fails Licensee should breach or fail to perform or violates any term provision of this Agreement, then UNIVERSITY University may give written notice of such default ("Notice of Default") to LICENSEELicensee. If LICENSEE fails Licensee should fail to cure the such default within sixty ninety (6090) days of the Notice effective date of Defaultsuch notice, UNIVERSITY may University shall have the right to terminate this Agreement and the license granted licenses herein by a second written notice ("Notice of Termination")

Appears in 3 contracts

Samples: Exclusive License Agreement (Kraig Biocraft Laboratories, Inc), Exclusive License Agreement (Kraig Biocraft Laboratories, Inc), Exclusive License Agreement (Kraig Biocraft Laboratories, Inc)

Termination by University. (a) If LICENSEE fails to perform or violates any term of this Agreement, then UNIVERSITY may give written notice of default ("Notice of Default") to LICENSEE. If LICENSEE fails to cure the default within sixty (60) days of the Notice of Default, UNIVERSITY may terminate this Agreement and the license granted herein by a second written notice ("Notice of Termination")

Appears in 3 contracts

Samples: License Agreement, License Agreement (INNOVATION ECONOMY Corp), License Agreement (ComHear, Inc.)

Termination by University. (a) If LICENSEE fails to perform or violates any term of this Agreement, then UNIVERSITY may give written notice of default ("Notice of Default") to LICENSEE. If LICENSEE fails to cure the default within sixty (60) days [*****] of the Notice of Default, UNIVERSITY may terminate this Agreement and the license granted herein by a second written notice ("Notice of Termination")

Appears in 1 contract

Samples: Merger Agreement (Raptor Pharmaceutical Corp)

Termination by University. (a) If LICENSEE fails to perform or violates any term of this Agreement, then UNIVERSITY may give written notice of default ("Notice of Default") to LICENSEE. If LICENSEE fails to cure the default within sixty ninety (6090) days of the Notice of Default, UNIVERSITY may terminate this Agreement and the license granted herein by a second written notice ("Notice of Termination")

Appears in 1 contract

Samples: License Agreement (Pipex Pharmaceuticals, Inc.)

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Termination by University. (a) If LICENSEE fails to perform or violates any term of this Agreement, then UNIVERSITY may give written notice of default ("Notice of Default") to LICENSEE. If LICENSEE fails to cure the default within sixty (60) days of the Notice of DefaultDefault with respect to the failure to make payments required under this Agreement or within one hundred twenty (120) days for any other breach, UNIVERSITY may terminate this Agreement and the license granted herein by a second written notice ("Notice of Termination")”) to LICENSEE. If a Notice of Termination is sent to LICENSEE, this Agreement shall automatically terminate on the effective date of that

Appears in 1 contract

Samples: License Agreement (Sesen Bio, Inc.)

Termination by University. (a) If LICENSEE fails to perform or violates any term of this Agreement, then UNIVERSITY may give written notice of default ("Notice of Default") to LICENSEE. If LICENSEE fails to cure the default within sixty (60) days of the Notice of DefaultDefault with respect to the failure to make payments required under this Agreement or within one hundred twenty (120) days for any other breach, UNIVERSITY may terminate this Agreement and the license granted herein by a second written notice ("Notice of Termination")

Appears in 1 contract

Samples: License Agreement (Viventia Biotech Inc.)

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