Common use of TERMINATION BY THE REGENTS Clause in Contracts

TERMINATION BY THE REGENTS. If Licensee fails to perform or violates any material term or covenant of this Agreement, then The Regents may give written notice of such default to Licensee. If Licensee fails to repair such default within *** days after the effective date of such notice, then The Regents will have the right to immediately terminate this Agreement and its licenses, by a written notice of termination of this Agreement (a “Notice of Termination”) to Licensee. *** INDICATES MATERIAL THAT WAS OMITTED AND FOR WHICH CONFIDENTIAL TREATMENT WAS REQUESTED. ALL SUCH OMITTED MATERIAL WAS FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 PROMULGATED UNDER THE SECURITIES ACT OF 1933, AS AMENDED.

TERMINATION BY THE REGENTS. 8.1 If Licensee fails should violate or fail to perform or violates any material term or covenant of this Agreement, then The Regents may give written notice of such default (Notice of Default) to Licensee. If Licensee fails should fail to repair such default within **[CONFIDENTIAL TREATMENT REQUESTED]* days after of the effective date of such noticenotice takes affect, then The Regents will shall have the right to immediately terminate this Agreement and its licenses, the licenses herein by a second written notice of termination of this Agreement (a “Notice of Termination”) to Licensee. *** INDICATES MATERIAL THAT WAS OMITTED AND FOR WHICH CONFIDENTIAL TREATMENT WAS REQUESTED. ALL SUCH OMITTED MATERIAL WAS FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 PROMULGATED UNDER THE SECURITIES ACT OF 1933, AS AMENDED.)