Common use of Termination for Uncured Breach Clause in Contracts

Termination for Uncured Breach. If one of the parties breaches the terms of this Agreement, the other party may give the breaching party a notice in writing which specifically sets out the nature and extent of the breach, and the steps that must be taken to cure the breach. After receiving the written notice, the breaching party will then have thirty (30) days to cure the breach, if the breach does not involve a failure to make any payments which are required by this Agreement. If breach involves lack of payment beyond the established delinquency period, as specified in this Agreement, VERASUN may terminate this Agreement immediately and without prior written notice.

Appears in 3 contracts

Samples: Ethanol Marketing Agreement (Aventine Renewable Energy Holdings Inc), Ethanol Marketing Agreement (Aventine Renewable Energy Holdings Inc), Ethanol Marketing Agreement (Verasun Energy Corp)

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Termination for Uncured Breach. If one of the parties breaches the terms of this Agreement, the other party may give the breaching party a notice in writing which specifically sets out the nature and extent of the breach, and the steps that must be taken to cure the breach. After receiving the written notice, the breaching party will then than have thirty (30) days to cure the breach, if the breach breaching does not involve a failure to make any payments which are required by this Agreement. If breach involves lack of payment beyond the established delinquency period, as specified in this Agreement, VERASUN VeraSun Fort Dodge may terminate this Agreement immediately and without prior written notice.

Appears in 3 contracts

Samples: Ethanol Marketing Agreement (Aventine Renewable Energy Holdings Inc), Ethanol Marketing Agreement (Aventine Renewable Energy Holdings Inc), Ethanol Marketing Agreement (Verasun Energy Corp)

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