Termination of License Agreement by DMRC. Provided that in the event of application of clauses 12.2 (a) and (b) above, DMRC shall give to the Licensee 15 days time to cure the default prior to considering the events specified therein as Licensee’s events of default and in the event the Licensee remedies the default to the satisfaction of the DMRC within the cure period, the event shall not be considered as a Licensee Event of Default. In case the licensee fails to remedies the default to the satisfaction of the DMRC within the cure period, then DMRC shall be within its rights to disconnect the utility services & terminate the License Agreement. The Licensee voluntarily agrees not to seek any claim, compensation, damages or any other consideration whatsoever on any ground in this regard.
Appears in 4 contracts
Samples: License Agreement, License Agreement, License Agreement
