Common use of Cause for Termination Clause in Contracts

Cause for Termination. This Agreement may be terminated at any time during the term of this Agreement upon written notice by either Party if the other Party is in breach of its material obligations hereunder and has not cured such breach within [**] days after notice requesting cure of the breach (other than for non-payment which must be cured within [**] days); provided, however, in the event of a good faith dispute with respect to the existence of a material breach, the [**] day or [**] day cure period shall be tolled until such time as the dispute is resolved pursuant to Section 9.6 hereof.

Appears in 2 contracts

Samples: License and Research Collaboration Agreement (Aveo Pharmaceuticals Inc), License and Research Collaboration Agreement (Aveo Pharmaceuticals Inc)

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Cause for Termination. This Agreement may be terminated at any time during the term of this Agreement upon written notice by either Party if the other Party is in breach of its material obligations hereunder by causes and reasons within its control and has not cured such breach within [**] ninety (90) days after notice requesting cure of the breach (other than for non-payment which must be cured within [**] days)breach; providedPROVIDED, howeverHOWEVER, in the event of a good faith dispute with respect to the existence of a material breach, the [**] day or [**] ninety (90) day cure period shall be tolled until such time as the dispute is resolved pursuant to Section 9.6 10.6 hereof.

Appears in 2 contracts

Samples: License and Research Collaboration Agreement (Decode Genetics Inc), License and Research Collaboration Agreement (Decode Genetics Inc)

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