Termination on Payment Default. At FHCRC's option, FHCRC may terminate this Agreement effective thirty (30) days after giving written notice in the event LICENSEE fails to pay any Annual Payment or other amounts owed under this Agreement when due, unless the payment default is cured or shown to be non-existent within such thirty (30) day period, in which case the Agreement will remain in effect.
Appears in 3 contracts
Samples: Exclusive License Agreement (Rosetta Inpharmatics Inc), Exclusive License Agreement (Rosetta Inpharmatics Inc), Exclusive License Agreement (Rosetta Inpharmatics Inc)
Termination on Payment Default. At FHCRC's ’s option, FHCRC may terminate this Agreement effective thirty (30) days after giving written notice in the event LICENSEE fails to pay any Annual Payment royalties or other amounts owed under this Agreement when due, unless . During the payment default is cured or shown to be non-existent within such thirty (30) day periodperiod after written notice of payment default, in which case LICENSEE has the Agreement will remain in effectright to cure any payment default and prevent termination under this Section 11.1.
Appears in 2 contracts
Samples: Non Exclusive License Agreement (Xcyte Therapies Inc), Non Exclusive License Agreement (Xcyte Therapies Inc)
Termination on Payment Default. At FHCRC's option, FHCRC may terminate this Agreement effective thirty (30) days after giving written notice in the event LICENSEE fails to pay any Annual Payment royalties or other amounts owed under this Agreement when due, unless . During the payment default is cured or shown to be non-existent within such thirty (30) day periodperiod after written notice of payment default, in which case LICENSEE has the Agreement will remain in effectright to cure any payment default and prevent termination under this Section 11.1.
Appears in 1 contract
Samples: Non Exclusive License Agreement (Xcyte Therapies Inc)
