Common use of Cross-Termination Clause in Contracts

Cross-Termination. In the event that either Party terminates the License Agreement for the other Party’s breach of any material provision thereof, the terminating Party, in its sole discretion, may, at that time, terminate this Agreement for cause upon written notice to the other Party. Termination of this Agreement under this Section 5(C)(ii) shall be effective as of the termination date of the License Agreement.

Appears in 3 contracts

Sources: Development Agreement (Mri Interventions, Inc.), Development Agreement (Surgivision Inc), Development Agreement (Surgivision Inc)