Common use of By GEC Clause in Contracts

By GEC. GEC may terminate this Agreement for cause by giving 30 days’ advance written notice for Participating Manufacturer’s (i) nonpayment of the applicable Fee or Renewal Fee, (ii) breach of or noncompliance with this Agreement which remains uncured for more than 30 days after written notice thereof from GEC to Participating Manufacturer, (iii) bankruptcy or general assignment for the benefit of creditors, (iv) disqualification, as determined by and recommended by Participating Manufacturer CAB to GEC (v) disqualification, as determined by GEC, for causes not otherwise described herein, the criteria for which will be made known to all Participating Manufacturers 90 days before any such disqualification (each of (i) – (v) are hereafter referred to as "Cause"). A termination of this Agreement for Cause will not entitle Participating Manufacturer to the return of any portion of the Fee or Renewal Fee.

Appears in 4 contracts

Samples: License and Participating Manufacturer Agreement, License and Participating Manufacturer Agreement, License and Participating Manufacturer Agreement

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