Common use of TERMINATION BY THE REGENTS Clause in Contracts

TERMINATION BY THE REGENTS. 12.1 If Licensee violates or fails to perform any material term or covenant of this Agreement, then The Regents may give written notice of the default (“Notice of Default”) to Licensee. If Licensee does not repair the default within 60 days after the effective date of the Notice of Default, then The Regents has the right to terminate this Agreement and the License by a second written notice (“Notice of Termination”) to Licensee. If The Regents sends a Notice of Termination to Licensee, then this Agreement automatically terminates on the effective date of this notice. Termination does not relieve Licensee of its obligation to pay any royalty or fees owing at the time of termination and does not impair any accrued right of The Regents.

TERMINATION BY THE REGENTS. 12.1 If Licensee violates or fails to perform any material term or covenant of this Agreement, then The Regents may give written notice of the default (“Notice of Default”) to Licensee. If Licensee does not repair the default within 60 days [ * ] after the effective date of the Notice of Default, then The Regents has the right to terminate this Agreement and the License by a second written notice (“Notice of Termination”) to Licensee. If The Regents sends a Notice of Termination to Licensee, then this Agreement automatically terminates on the effective date of this notice. Termination does not relieve Licensee of its obligation to pay any royalty or fees owing at the time of termination and does not impair any accrued right of The Regents.

TERMINATION BY THE REGENTS. 12.1 If Licensee violates or fails to perform or violates any material term or covenant of this Agreement, then The Regents may give written notice of the default (“Notice of Default”) to Licensee. If Licensee does not fails to repair the default within 60 [**] days after the effective date of the Notice of Default, then The Regents has the right to may terminate this Agreement and the License its licenses by a second written notice (“Notice of Termination”) to Licensee). If The Regents sends a Notice of Termination is sent to Licensee, then this Agreement will automatically terminates terminate on the effective date of this that notice. Termination does Such termination will not relieve Licensee of its obligation to pay any royalty or fees owing at the time of termination and does will not impair any accrued right or obligation of The RegentsRegents or Licensee. These notices are subject to Article 21 (Notices).