Termination by Zai Due to Material Breach Clause Samples
The 'Termination by Zai Due to Material Breach' clause grants Zai the right to end the agreement if the other party commits a significant violation of its terms. In practice, this means that if the counterparty fails to fulfill essential obligations or breaches critical provisions, Zai can formally notify them and terminate the contract, often after a specified cure period if the breach is not remedied. This clause serves to protect Zai from ongoing harm or risk by providing a clear mechanism to exit the agreement when the other party's actions undermine the contract's fundamental purpose.
Termination by Zai Due to Material Breach. Upon the termination of this Agreement by Zai pursuant to Section 14.4, 14.5 or 14.7 all of the provisions of Section 14.9(b) shall apply, except that [***].
Termination by Zai Due to Material Breach. Upon the termination of this Agreement by Zai pursuant to Section 14.4, 14.5 or 14.6 all of the provisions of Section 14.8(b) shall apply, except that to the extent Zai is obligated to perform under any of the provisions of Sections 14.8(b)(ii), 14.8(b)(iii), 14.8(b)(iv), or 14.8(b)(vi), ▇▇▇▇▇▇▇▇ shall reimburse Zai for all reasonable costs incurred by Zai in connection with such performance, including both its reasonable external costs plus its reasonable internal costs calculated on a reasonable FTE basis.
Termination by Zai Due to Material Breach. Upon termination of this Agreement by Zai pursuant to Section 14.3, [*] to the extent [*], including [*]. [*] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.