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 [* * *] such cure periods in a calendar year; for a [* * *] failure to make payment on time, Hospital shall have the right to terminate this Agreement immediately upon written notice.
Appears in 3 contracts
Samples: Exclusive Patent License Agreement (Biohaven Pharmaceutical Holding Co Ltd.), Exclusive Patent License Agreement (Biohaven Pharmaceutical Holding Co Ltd.), Exclusive Patent License Agreement (Biohaven Pharmaceutical Holding Co Ltd.)
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 [* * *] two such cure periods in a calendar year; for a [* * *] third 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 (Transcode Therapeutics, Inc.), Exclusive Patent License Agreement (Transcode Therapeutics, 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 periods 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 (Keros Therapeutics, Inc.), Exclusive Patent License Agreement (Keros Therapeutics, 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 such 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 periods period in a calendar year; for a [* * *] second failure to make an undisputed payment on time, Hospital shall have the right to terminate this Agreement immediately upon written notice.
Appears in 1 contract
Samples: Exclusive Patent License Agreement (TScan Therapeutics, 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 periods 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 1 contract
