Common use of Termination by Acquisition Clause in Contracts

Termination by Acquisition. Acquisition reserves and Supplier hereby agrees that Acquisition shall have the right to immediately terminate this Agreement if Supplier fails to perform or comply with any term or condition hereof and has failed to cure such nonperformance or noncompliance within thirty (30) days after receipt of written notice of such failure from Acquisition.

Termination by Acquisition. Acquisition reserves and Supplier hereby agrees that Acquisition shall have the right to immediately terminate this Agreement if Supplier fails to perform or comply with any term or condition hereof or under the Purchase Agreement or the Champion License and has failed to cure such nonperformance or noncompliance within thirty (30) days after receipt of written notice of such failure from Acquisition.