Material Breach of the Agreement by either Party, immediately upon written notice to the other, if the other Party has made a material breach hereunder and, to the extent the breach can be cured, has not been cured within thirty (30) days from the notice date.
Material Breach of the Agreement. If either Party (the “Breaching Party”) has committed a Material Breach of this Agreement (not the terms of a specific Project Schedule), in addition to any other right and remedy the other Party (the “Non-Breaching Party”) may have, the Non-Breaching Party may terminate this Agreement in its entirety (including all Project Schedules then in effect) by providing ninety (90) days’ (the “Notice Period”) prior written notice (the “Termination Notice”) to the Breaching Party and specifying the Material Breach and its claim of right to terminate this Agreement; provided that any proposed termination shall not become effective at the end of the Notice Period if the Breaching Party cures the Material Breach specified in the Termination Notice during the Notice Period (or, if such Material Breach cannot be cured within the Notice Period, if the Breaching Party commences actions to cure such Material Breach within the Notice Period and thereafter diligently continues such actions, provided that the Material Breach is cured to the satisfaction of the Non-Breaching Party within a period not exceeding ninety (90) days). Notwithstanding the foregoing, if either Party initiates a dispute resolution procedure under Section 15.7 to resolve a Dispute regarding the Material Breach for which termination is being sought and is diligently pursuing such procedure, then the cure period set forth in this Section 14.2.1 will be tolled during the pendency of such dispute resolution procedure.
Material Breach of the Agreement. A material failure or refusal by either Party to perform its respective duties and obligations required by the Agreement and Applicable Law, which causes substantial harm to the nonbreaching party and, with respect to breaches by the Board, any failure to pay that is required by this Agreement which is deemed material under Applicable Law.
Material Breach of the Agreement. If a Shareholder commits a Material Breach of this Agreement and the Material Breach has not been remedied within twenty (20) Business Days from receipt of a written notice from another Shareholder or the Board. 50 per cent of the Fair Market Value.
Material Breach of the Agreement. In the event that either party may (a) materially fail to perform its obligation pursuant to the Agreement or (b) materially breaches this Agreement, either party may immediately terminate this Agreement by providing a written notice of termination subject to the notice requirements of paragraph 5.3 hereof.
Material Breach of the Agreement. Any breach of the Agreement which cannot be cured and caused material losses to other parties shall be deemed as material breach of the Agreement; any breach which can be cured however the Breaching Party failed to cure the same within thirty (30) days upon notice of the non-Breaching Party shall also be deemed as material breach of the Agreement.
