Licensor Defaults Sample Clauses

Licensor Defaults. A. The breaches listed in (i) through (viii) below are deemed to be material breaches for which Licensor may be placed in default under this Agreement if (x) Licensee gives Licensor notice of the breach that provides the applicable cure period for the applicable breach (or such greater number of days given by Licensee in its sole discretion or required by Applicable Law) and (y) Licensor fails to cure the breach in the time and manner specified in the notice of breach or as specifically provided in this Section 18.3.A. If Licensor fails to cure the breach and is placed in default, then Licensee may exercise the applicable remedy for the specific default as set forth below:
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Licensor Defaults. Should Licensor default in observing any of the terms or conditions of this License, and such default continues for a period of five (5) business days after written notice of such default is given to Licensor with respect to monetary defaults, and for a period of twenty (20) days after written notice of such default is given to Licensor with respect to non-monetary defaults (or if such non-monetary default is of a nature that it cannot be completely remedied within twenty (20) days, failure by Licensor to commence to remedy such default within said twenty (20) days, and thereafter diligently prosecute to completion all steps necessary to remedy such default, provided in all events the same is completed within sixty (60) days), following such applicable cure period, Licensee may terminate this License five (5) business days following delivery of a second written notice to Licensor, whereupon Licensee shall surrender possession of the Licensed Premises in accordance with the terms of this License. Mention herein of any particular right or remedy shall not preclude Licensee from exercising any other right or remedy available at law or in equity. The provisions of this Section 20 shall survive the expiration or termination of this License.
Sample 1
Licensor Defaults. In the event Licensor shall default in the performance of any of the material obligations to be performed by Licensor hereunder, and if such default is not cured within sixty (60) days after Licensee gives written notice to Licensor of such default, then and in any such event, Licensee may, in addition to all other remedies available to Licensee at law or in equity as a result of such default, send to Licensor notice of termination of this Agreement, whereupon this Agreement shall terminate (except as expressly provided herein).
Sample 1

Related to Licensor Defaults

  • Major Default The Purchasers shall be considered to be in “Major Default” in the event that (a) the Purchasers are in breach of their obligations under the Agreement and (b) such breaches, individually or in the aggregate, resulted or would reasonably be expected to result in (i) material Losses to the Sellers or their Affiliates, (ii) material reputational harm to the Sellers or their Affiliates, (iii) material and adverse regulatory consequences to the Sellers or their Affiliates, for which, in each case of clauses (i) through (iii), indemnification by the Purchasers pursuant to Article 8 of the Agreement would not be sufficient to remedy all damages incurred by the Sellers and their Affiliates or (iv) if the Sellers reasonably determine, based on the advice of counsel, that it would reasonably be expected to be a violation of their fiduciary duties under applicable Law to not terminate the Agreement, taking into account the indemnification by the Purchasers pursuant to Article 8 of the Agreement; provided, that the following breaches shall be excluded, and not taken into account, in determining if a Major Default has occurred: (x) any breach to the extent resulting from any action taken by the Purchasers pursuant to and in accordance with written direction given by the Sellers and (y) any breach to the extent arising out of or resulting from, directly or indirectly, a breach by the Sellers of the Agreement, the Transition Services Agreement or the Purchase Agreement.

  • Specific Defaults The Company fails to perform or observe any term, covenant or agreement contained in any of Section 6.01, 6.02, 6.03 or 6.09(c) or in Article VII; or

  • TENANT’S DEFAULTS In addition to any other event of default set forth in this Lease, the occurrence of any one or more of the following events shall constitute a default by Tenant:

  • Contractor Default Failure of the Contractor, which has neither been remedied nor waived, to perform or otherwise to comply with the terms of the Construction Contract.

  • Xxxxxx of Default Any one or more of the following shall constitute an “Event of Default” hereunder:

  • CURING TENANT'S DEFAULTS If Tenant defaults in the performance of any of its obligations under this Lease, Landlord may (but shall not be obligated to) without waiving such default, perform the same for the account at the expense of Tenant. Tenant shall pay Landlord all costs of such performance promptly upon receipt of a xxxx therefor.

  • Customer Default The occurrence at any time of any of the following events shall constitute a “Customer Default”:

  • Events of Defaults If one or more of the following events ("Events of Default") shall have occurred and be continuing:

  • Events of Default by Tenant All covenants and agreements to be kept or performed by Tenant under this Lease shall be performed by Tenant at Tenant’s sole cost and expense and without any reduction of Rent. The occurrence of any of the following shall constitute a default of this Lease by Tenant:

  • Notice of Defaults and Events of Default As soon as possible and in any event within five (5) days after the occurrence of each Default or Event of Default, a written notice setting forth the details of such Default or Event of Default and the action which is proposed to be taken by the Borrower with respect thereto;

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