Common use of Remedies and Termination Clause in Contracts

Remedies and Termination. If after notice and expiration of the cure periods and procedures set forth in Section 5.1, the alleged Event of Default is not cured, the non-defaulting Party, at its option, may institute legal proceedings pursuant to Sections 5.3 or 5.4 of this Development Agreement and/or terminate this Development Agreement. In the event that this Development Agreement is terminated pursuant to this Section 5.2 and litigation or mediation is instituted which results in a final decision that such termination was improper, then this Development Agreement shall immediately be reinstated as though it had never been terminated.

Remedies and Termination. If If, after notice and expiration of the cure periods and procedures set forth in Section 5.1Sections 6.1 and 6.2, the alleged Event of Default is not cured, the non-non- defaulting Party, at its option, may institute legal proceedings pursuant to Sections 5.3 or 5.4 Section 6.4 of this Development Agreement and/or or terminate this Development AgreementAgreement pursuant to Section 6.5 herein. In the event that this Development Agreement is terminated pursuant to this Section 5.2 6.5 herein and litigation or mediation is instituted which that results in a final decision that such termination was improper, then this Development Agreement shall immediately be reinstated as though it had never been terminated.

Remedies and Termination. If after notice and expiration of the cure periods and procedures set forth in Section 5.18.1, the alleged Event of Default is not cured, the non-non- defaulting Party, at its option, may institute legal proceedings pursuant to Sections 5.3 8.3 or 5.4 8.4 of this Development Agreement and/or terminate this Development Agreement. In the event that this Development Agreement is terminated pursuant to this Section 5.2 8.2 and litigation litigation, or mediation is instituted which results in a final decision that such termination was improper, then this Development Agreement shall immediately be reinstated as though it had never been terminated.

Remedies and Termination. If If, after notice and expiration of the cure periods and procedures set forth in Section 5.1Sections 5.1 and 5.2, as applicable, the alleged Event of Default is not cured, the non-defaulting Party, at its option, may institute legal proceedings pursuant to Sections 5.3 or Section 5.4 of this Development Agreement and/or terminate this Development Agreement. In the event that this Development Agreement is terminated pursuant to this Section 5.2 and litigation or mediation is instituted which that results in a final decision that such termination was improper, then this Development Agreement shall immediately be reinstated as though it had never been terminated.