Common use of Termination for Non-Financial Default Clause in Contracts

Termination for Non-Financial Default. If Company, any of its Affiliates or any Sublicensee shall default in the performance of any of its obligations under Sections 2.2, 3.3, 8.1, 10.5, 11.1, 11.2 or 12.9 of this Agreement and not otherwise covered by the provisions of Section 10.2 and 10.3, and if such default has not been cured within sixty (60) days after Company’s receipt of notice by Hospital in writing of such default, Hospital may immediately terminate this Agreement, and/or any license granted hereunder with respect to the country or countries in which such default has occurred, at the end of said sixty (60) day cure period. Hospital shall also have the right to terminate this Agreement and/or any such license immediately, upon written notice, in the event of repeated defaults even if cured within such sixty (60) day periods.

Appears in 2 contracts

Samples: Exclusive Patent License Agreement (ProQR Therapeutics B.V.), Exclusive Patent License Agreement (ProQR Therapeutics B.V.)

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Termination for Non-Financial Default. If Company, any of its Affiliates or any Sublicensee shall default in the performance of any of its other obligations under Sections 2.2, 3.3, 8.1, 10.5, 11.1, 11.2 or 12.9 of this Agreement and not otherwise covered by the provisions of Section 10.2 and 10.3, and if such default has not been cured within sixty (60) days after Company’s receipt of notice by Hospital in writing of such default, Hospital may immediately terminate this Agreement, Agreement and/or any license granted hereunder with respect to the country or countries in which such default has occurred, at the end of said sixty (60) day cure period. Hospital shall also have the right to terminate this Agreement and/or any such license immediately, upon written notice, in the event of repeated defaults even if cured within such sixty (60) day periods.

Appears in 1 contract

Samples: Exclusive Patent License Agreement (Juniper Pharmaceuticals Inc)

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Termination for Non-Financial Default. If CompanyCOMPANY, any of its Affiliates AFFILIATES or any Sublicensee SUBLICENSEES shall default in the performance of any of its obligations under Sections 2.2this AGREEMENT, 3.3, 8.1, 10.5, 11.1, 11.2 including but not limited to its obligations under Section 3.1(b)(i) or 12.9 of this Agreement and not otherwise covered by the provisions of Section 10.2 and 10.33.1(b)(ii), and if such default has not been cured within sixty (60) days after Company’s receipt of notice by Hospital HOSPITAL in writing of such default, Hospital HOSPITAL may immediately terminate this Agreement, and/or any license licenses granted hereunder with respect to the country or countries in which such default has occurred, occurred at the end of said sixty (60) day cure period. Hospital shall also have the right to terminate this Agreement and/or any such license immediately, upon written notice, in the event of repeated defaults even if cured within such sixty (60) day periods.

Appears in 1 contract

Samples: Exclusive License Agreement (T2 Biosystems, Inc.)

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