Default Liabilities. 11.1 The Parties agree and acknowledge that if any Party (the “Defaulting Party”) breaches any provision hereunder, or fails to perform or delays in performing any obligations hereunder, such breach, failure or delay shall constitute a default hereunder (the “Default”) and that in such event, the non-defaulting Party/Parties (the “Non-Defaulting Party”) shall have the right to demand the Defaulting Party to cure such Default or take remedial measures within a reasonable time. If the Defaulting Party fails to cure such Default or take remedial measures with such reasonable time or within ten (10) days of the Non-Defaulting Party notifying the Defaulting Party in writing and requesting it to cure such Default, the Non-Defaulting Party may elect, in its (their) discretion, to do the following:
Appears in 9 contracts
Samples: Exclusive Option Agreement (Earntz Healthcare Products, Inc.), Exclusive Option Agreement (Tencent Music Entertainment Group), Exclusive Option Agreement (Tencent Music Entertainment Group)
Default Liabilities. 11.1 The Parties agree and acknowledge that if any Party (the “Defaulting Party”) breaches any provision hereunder, or fails to perform or delays in performing any obligations hereunder, such breach, failure or delay shall constitute a default hereunder (the “Default”) and that in such event, the non-defaulting Party/Parties (the “Non-Defaulting Party”) shall have the right to demand the Defaulting Party to cure such Default or take remedial measures within a reasonable time. If the Defaulting Party fails to cure such Default or take remedial measures with such reasonable time or within ten (10) days of the Nonnon-Defaulting Party defaulting party notifying the Defaulting Party in writing and requesting it to cure such Default, the Nonnon-Defaulting Party defaulting party may elect, in its (their) discretion, to do the following:
Appears in 1 contract
Samples: Exclusive Option Agreement (Tencent Music Entertainment Group)
Default Liabilities. 11.1 The Parties agree and acknowledge that if any Party (the “Defaulting Party”) breaches any provision hereunder, or fails to perform or delays in performing any obligations hereunder, such breach, failure or delay shall constitute a default hereunder (the “Default”) and that in such event, the non-defaulting Party/Parties (the “Non-Defaulting Party”) shall have the right to demand the Defaulting Party to cure such Default or take remedial measures within a reasonable time. If the Defaulting Party fails to cure such Default or take remedial measures with such reasonable time or within ten (10) days of the Nonnon-Defaulting defaulting Party notifying the Defaulting Party in writing and requesting it to cure such Default, the Nonnon-Defaulting defaulting Party may elect, in its (their) discretion, to do the following:
Appears in 1 contract
Samples: Exclusive Option Agreement (Tencent Music Entertainment Group)