Common use of Termination for Financial Default Clause in Contracts

Termination for Financial Default. In accordance with Section 6.1.1 above, the non- defaulting party may terminate this Agreement if the defaulting party (a) fails to cure a Financial Default in full within the Financial Default Cure Period, or (b) incurs three (3) or more Financial Defaults in any given fiscal year within the Term regardless of whether cured.

Appears in 1 contract

Samples: Management Services Agreement

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Termination for Financial Default. In accordance with Section 6.1.1 12.01 above, the non- non-defaulting party Party may terminate this Agreement if the defaulting party (a) fails to cure a Financial Default in full within the Financial Default Cure Period, or (b) incurs three (3) or more Financial Defaults in any given fiscal year within the Term Term, regardless of whether cured.

Appears in 1 contract

Samples: Professional Services

Termination for Financial Default. In accordance with Section 6.1.1 7.1.1 above, the non- non-defaulting party Party may terminate this Agreement if the defaulting party (a) fails to cure a Financial Default in full within the Financial Default Cure Period, or (b) incurs three (3) or more Financial Defaults in any given fiscal year Fiscal Year within the Term Term, regardless of whether cured.

Appears in 1 contract

Samples: Financial Integration Agreement

Termination for Financial Default. In accordance with Section 6.1.1 11.01(1) above, the non- non-defaulting party Party may terminate this Agreement if the defaulting party Party (a) fails to cure a Financial Default in full within the Financial Default Cure Period, or (b) incurs three (3) or more Financial Defaults in any given fiscal year within the Term Term, regardless of whether cured.

Appears in 1 contract

Samples: Academic Affiliation Agreement

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Termination for Financial Default. In accordance with Section 6.1.1 XII.A.1 above, the non- non-defaulting party Party may terminate this Agreement if the defaulting party (a) fails to cure a Financial Default in full within the Financial Default Cure Period, or (b) incurs three (3) or more Financial Defaults in any given fiscal year Fiscal Year within the Term Term, regardless of whether cured.

Appears in 1 contract

Samples: Faculty Services Agreement

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