Terminable Breach definition

Terminable Breach has the meaning set forth in Section 8.1(b)(iii).
View Source
Terminable Breach has the meaning set forth in Section 10.1(b)(ii).
View Source
Terminable Breach has the meaning set forth in Section 7.1(d).
View Source

Examples of Terminable Breach in a sentence

  • If after the expiration of the cure period and the period of negotiation between senior executives (if requested), the defaulting Party has failed or refused to fully remedy the Terminable Breach, this Agreement may be terminated upon the giving of notice by the terminating Party to the defaulting Party.

  • If at the end of such sixty (60) days (or longer if mutually extended) the designated executives have not fully resolved the dispute to their mutual satisfaction, the complaining Party is free to seek an alternative remedy consistent with the terms of this Agreement and subject to Section 13.5. For the avoidance of doubt, each of the Parties commits to negotiate in good faith in an attempt to avoid termination of the Agreement resulting from a Terminable Breach.


More Definitions of Terminable Breach

Terminable Breach means a material and substantial breach by the Operator of any of its obligations under this Agreement;
View Source
Terminable Breach means (i) a breaching Party’s knowing, intentional, willful or reckless material breach of this Agreement, (ii) where Licensee is the breaching Party, a breach, or series of breaches, of this Agreement that, individually or in the aggregate, results, or would reasonably be expected to result, in a material adverse effect on the goodwill associated with the “Honeywell” Trademark, or (iii) where Licensor is the breaching Party, a breach, or series of breaches, of this Agreement that, individually or in the aggregate, materially and adversely affects the business of the Aerospace Group or the value of the Licensee’s rights under this Agreement.
View Source