Breach by Licensee. In the event that Licensee materially breaches this Agreement, Licensor may terminate this Agreement and the license granted in this Agreement by giving notice in writing to Licensee of the breach. In the event Licensee does not correct or eliminate the breach within thirty (30) days from the date of receipt of such notice, this Agreement, including Licensee’s license to use the Licensed Marks and right to use the Licensed Names, shall terminate.
Appears in 2 contracts
Sources: Trademark License Agreement (FTAI Infrastructure Inc.), Trademark License Agreement (Fortress Transportation & Infrastructure Investors LLC)