Common use of Termination for Failure to Pay Clause in Contracts

Termination for Failure to Pay. If Company fails to make any payment due hereunder, Hospital shall have the right to terminate Agreement upon [**] business days written notice, unless Company makes such payments within said [**] day notice period. If payments are not made, Hospital may immediately terminate Agreement at the end of said [**] day period.

Appears in 3 contracts

Samples: Exclusive Patent License Agreement (Editas Medicine, Inc.), Exclusive Patent License Agreement (Editas Medicine, Inc.), Exclusive Patent License Agreement (Editas Medicine, Inc.)

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Termination for Failure to Pay. If Subject to Section 10.5, if Company fails to make any payment due hereunder, Hospital shall have the right to terminate this Agreement upon [***] business days written notice, unless Company makes such payments plus any interest due, as set forth in Section 4.7, within said [***] day notice period. If payments are not made, Hospital may immediately terminate this Agreement at the end of said [***] day period.

Appears in 2 contracts

Samples: Exclusive Patent License Agreement (Candel Therapeutics, Inc.), Exclusive Patent License Agreement (Candel Therapeutics, Inc.)

Termination for Failure to Pay. If Company fails to make any payment due hereunderhereunder (unless such payment is the subject of a reasonable dispute) , Hospital shall have the right to terminate this Agreement upon [**] business days written notice, unless Company makes such payments plus any interest due, as set forth in Section 4.7, within said [**] day notice period. If payments are not made, Hospital may immediately terminate this Agreement at the end of said [**] day period.

Appears in 2 contracts

Samples: Exclusive Patent License Agreement (Signal Genetics, Inc.), Exclusive Patent License Agreement (Signal Genetics, Inc.)

Termination for Failure to Pay. If Company fails to make any payment due hereunder, . Hospital shall have the right to terminate this Agreement upon [***] business days written notice, unless Company makes such payments plus any interest due, as set forth in Section 4.7, within said [***] day notice period. If payments are not made, Hospital may immediately terminate this Agreement at the end of said [***] day period. Company shall be entitled to only one such cure period in a calendar year; for a second failure to make payment on time. Hospital shall have the right to terminate this Agreement immediately upon written notice.

Appears in 2 contracts

Samples: Exclusive Patent License Agreement (Seer, Inc.), Exclusive Patent License Agreement (Seer, Inc.)

Termination for Failure to Pay. If Company fails to make any payment due hereunder, Hospital shall have the right to terminate this Agreement upon [***] business ([***]) days written notice, unless Company makes such payments payments, as set forth in Section 4, within said [***] day ([***]) notice period. If payments are not made, Hospital may immediately terminate this Agreement at the end of said [**] day notice period.

Appears in 1 contract

Samples: Exclusive Patent License Agreement (HealthCor Catalio Acquisition Corp.)

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Termination for Failure to Pay. If Company fails to make any payment due hereunder, Hospital shall have the right to terminate this Agreement upon [***] business ([***]) days written notice, unless Company makes such payments payments, as set forth in Section 4, within said [***] day ([***]) notice period. If payments are not made, Hospital may immediately terminate this Agreement at the end of said [**] day notice period.. . ​

Appears in 1 contract

Samples: Exclusive Patent License Agreement (HealthCor Catalio Acquisition Corp.)

Termination for Failure to Pay. If Company fails to make any payment due hereunder, Hospital shall have the right to terminate this Agreement upon [***] business ([***]) days written notice, unless Company makes such payments payments, as set forth in Section 4, within said [***] day ([***]) notice period. If payments are not made, Hospital may immediately terminate this Agreement at the end of said [**] day notice period. .

Appears in 1 contract

Samples: Exclusive Patent License Agreement (HealthCor Catalio Acquisition Corp.)

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