Common use of Termination for Breach of Compugen Clause in Contracts

Termination for Breach of Compugen. In the event Compugen commits a material breach of its obligations under any of the Target Programs or under this Agreement as a whole and fails to cure that breach within [***] days after receiving written notice thereof, Bayer may terminate at its choice either this Agreement or the Target Program that the breach relates to immediately upon written notice to Compugen, provided that if (i) the breach is (1) curable, (2) is not an intentional breach, and (3) not susceptible of cure within the stated period and (ii) Compugen uses [***] in a [***] to cure such breach, the stated period will be extended by [***] the nature of the breach and the adverse effect that such breach and any further delay in curing such breach will have on Bayer.

Appears in 4 contracts

Samples: Development Collaboration and License Agreement (Compugen LTD), Confidential Treatment Requested (Compugen LTD), Confidential Treatment Requested (Compugen LTD)

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