Common use of Breach of Payment Obligations Clause in Contracts

Breach of Payment Obligations. In the event that a Party fails to make timely payment of any amounts that are not the subject of a good faith dispute regarding payment and that are due under this Agreement within 30 days after demand therefor, the other Party may terminate this Agreement upon 30 days prior written notice, unless such Party cures such breach by paying all past-due amounts that are not the subject of a good-faith dispute between the Parties within such 30-day notice period.

Breach of Payment Obligations. In the event that a Party party fails to make timely payment of any amounts that are not the subject of a good faith dispute regarding payment and that are due under this Agreement, or under the Research and Development Agreement within 30 10 business days after demand therefor, the other Party non-breaching party or parties may terminate this Agreement any of these agreements upon 30 days prior written notice, unless such Party the breaching party cures such breach by paying all past-due amounts that are not the subject of a good-faith dispute between the Parties within such 30-30 day notice period, provided that such breaching party shall be entitled to use such cure provision no more than once in any 12 month period.