Termination Upon Breach. Either Party may, at its option, terminate this Agreement in the event of a material breach by the other Party. Such termination may be effected only through a written notice to the breaching Party, specifically identifying the breach or breaches on which such notice of termination is based. The breaching Party will have a right to cure such breach or breaches within sixty (60) days of receipt of such notice, and this Agreement will only terminate pursuant to this Section 12.3 in the event that such cure is not made within such sixty (60)-day period.
Appears in 2 contracts
Samples: Manufacturing and Supply Agreement (Isoray, Inc.), Manufacturing Agreement (IsoRay, Inc.)
Termination Upon Breach. Either Party may, at its option, Each party shall have the right to terminate this Agreement provided (i) such party provides thirty (30) days prior notice to the other party; (ii) the other party is in the event of a material breach by of any of the other Partyterms of this Agreement; and (iii) the prior breach is not cured within such thirty (30) day period. Such termination may be effected only through a written notice to the breaching Party, specifically identifying the breach or breaches on which Any such notice shall provide, in reasonable detail, a description of termination is based. The breaching Party will have a right to the alleged breach and the requested cure such breach or breaches within sixty (60) days of receipt of such notice, and this Agreement will only terminate pursuant to this Section 12.3 in the event that such cure is not made within such sixty (60)-day periodbreach.
Appears in 2 contracts
Samples: Software Distribution Agreement (Network 1 Security Solutions Inc), Software Distribution Agreement (Network 1 Security Solutions Inc)
Termination Upon Breach. Either Party may, at its option, Each party shall have the right to terminate this Agreement in the event of a material breach by the other Party. Such termination may be effected only through a written notice to the breaching Party, specifically identifying the breach or breaches on which provided (i) such notice of termination is based. The breaching Party will have a right to cure such breach or breaches within party provides sixty (60) days prior notice to the other party; (ii) the other party is in a material breach of receipt any of such notice, the terms of this Agreement; and this Agreement will only terminate pursuant to this Section 12.3 in (iii) the event that such cure prior breach is not made cured within such sixty (60)-day 60) day period. Any such notice shall provide, in reasonable detail, a description of the alleged breach and the requested cure of that breach.
Appears in 2 contracts
Samples: Assignment Agreement (Network 1 Security Solutions Inc), Securities Purchase Agreement (Network 1 Security Solutions Inc)
Termination Upon Breach. Either Party may, at its option, terminate this Agreement in party may provide the event other with written notice of a material breach of this Agreement by the other Party. Such termination may be effected only through a written notice to party and the breaching Party, specifically identifying the breach or breaches on which such notice of termination is based. The breaching Party will party shall have a right to cure such breach or breaches within sixty (60) days of receipt of from the date on which it receives such notice, and this Agreement will only terminate pursuant notice in which to this Section 12.3 in cure such breach. In the event that such cure breach is not made within such sixty cured on a timely basis, the non-breaching party shall have the right to terminate this Agreement upon ten (60)-day period10) days prior written notice.
Appears in 2 contracts
Samples: License Agreement (Kos Pharmaceuticals Inc), License Agreement (Kos Pharmaceuticals Inc)
Termination Upon Breach. Either Party may, at its option, terminate this This Agreement in the event of a material breach by the other Party. Such termination may be effected only through a terminated by either party upon fourteen (14) days prior written notice to the breaching Party, specifically identifying the breach or breaches on which such notice of termination is based. The breaching Party will have a right to cure such breach or breaches within sixty (60) days of receipt of such notice, and this Agreement will only terminate pursuant to this Section 12.3 other party in the event that such cure other party breaches any provision of this Agreement and such breach is not made cured within such sixty fourteen (60)-day 14) day period. Each party shall have the right to fully exercise any remedy existing at law or in equity in the event the other party breaches or violates this Agreement.
Appears in 1 contract
Samples: Letter Agreement
Termination Upon Breach. Either Unless otherwise provided for herein, if one Party may, at its option, terminate materially breaches any of the material terms of this Agreement in the event of a material breach by the other Party. Such termination may be effected only through a written notice and fails to the breaching Party, specifically identifying the breach or breaches on which such notice of termination is based. The breaching Party will have a right to cure remedy such breach or breaches within sixty (60) days after the other Party has given notice requiring it to do so, the non-breaching Party shall have the right to terminate this Agreement upon one (1) months’ prior written notice. For the purpose of receipt of such noticethis Agreement, and non-compliance with payment obligations under this Agreement will only terminate pursuant to this Section 12.3 in the event that such cure is not made within such sixty (60)-day periodbe considered a material breach of a material term.
Appears in 1 contract
Termination Upon Breach. Either Party may, at its option, terminate this Agreement in the event of If there exists a material breach by either party, the other Party. Such termination party may be effected only through a terminate this Agreement by providing sixty (60) days prior written notice to the breaching Partyparty of such intent to terminate, specifically identifying which notice must specify the material breach; provided, however, that such termination shall not be effective if the breaching party cures the material breach or breaches on which identified within such notice of termination is based. The breaching Party will have a right to cure such breach or breaches within sixty (60) days of receipt of such notice, and this Agreement will only terminate pursuant to this Section 12.3 in the event that such cure is not made within such sixty (60)-day day period.
Appears in 1 contract
Samples: Warehouse Note Purchase and Security Agreement (Nelnet Inc)