Common use of Nonmonetary Default Clause in Contracts

Nonmonetary Default. Upon any material non-monetary breach of this Agreement by AMT (i.e., not involving the payment by AMT of any amounts required to be paid under this Agreement), Amgen, in addition to any other remedy available at law or equity, shall have the right to provide notice to AMT of such material non-monetary breach. In the event such material non-monetary breach has not been cured by AMT within [**] days after receipt of such notice, then, Amgen shall have the right to terminate this Agreement by providing AMT with [**] days written notice provided, however, that if such breach is not susceptible of cure within the stated [**] day period and AMT uses diligent, good faith efforts to cure such breach, the stated period will be extended by an additional [**] days.

Appears in 2 contracts

Sources: License Agreement (uniQure B.V.), License Agreement (uniQure B.V.)