Common use of Termination for Breach etc Clause in Contracts

Termination for Breach etc. (a) Any party not then in default under this Agreement shall be entitled to terminate this Agreement by written notice to the other party in the event that the other party shall be in default of any money payment or other material obligations hereunder, (i) thirty (30) days after notice of any money payment default if the defaulting party shall have failed to remedy such default within such 30-day period, (ii) sixty (60) days after notice of any other default capable of cure, if the defaulting party shall have failed to remedy such default within such 60-day period, and (iii) immediately upon any breach that is incapable of cure.