Common use of Breach by Licensee Clause in Contracts

Breach by Licensee. Licensee shall have five (5) business days from its receipt of written notice by the Licensor and/or the Licensor's authorized representative to cure any alleged breach of this Agreement by the Licensee. Licensee's failure to cure the alleged breach within five (5) business days shall result in the Licensee's default of its obligations, its breach of this Agreement, and at the Licensor's sole discretion, the termination of the Licensee's rights hereunder. If the Licensee engages in the commercial exploitation and/or sale of the Instrumentals or New Instrumental outside of the manner and amount expressly provided for in this Agreement, Licensee shall be liable for monetary damages in an amount equal to all monies paid, collected by, or received by Licensee, or any third party on its behalf, in connection with such unauthorized commercial exploitation of the Instrumentals and/or New Instrumental.

Breach by Licensee. Licensee shall have five (5) business days from its receipt of written notice by the Licensor and/or the Licensor's authorized representative to cure any alleged breach of this Agreement by the Licensee. Licensee's failure to cure the alleged breach within five (5) business days shall result in the Licensee's default of its obligations, its breach of this Agreement, and at the Licensor's sole discretion, the termination of the Licensee's rights hereunder. If the Licensee engages in the commercial exploitation and/or sale of the Instrumentals Instrumental or New Instrumental outside of the manner and amount expressly provided for in this Agreement, Licensee shall be liable for monetary damages in an amount equal to all monies paid, collected by, or received by Licensee, or any third party on its behalf, in connection with such unauthorized commercial exploitation of the Instrumentals Instrumental and/or New Instrumental.