Common use of Termination for Material Default Clause in Contracts

Termination for Material Default. Subject to Section 13.1 (FORCE MAJEUR), a non-defaulting party may terminate this Agreement upon the occurrence of any material default or breach by the defaulting party of any as follows: 1. the non-defaulting party will notify the defaulting party in writing of the occurrence of a material default of this Agreement; 2. the defaulting party will have a period of ten (10) days from delivery of the written notice in which to either: (a) correct or remedy the material default of this Agreement in a manner satisfactory to the non-defaulting party acting reasonably; (b) provide to the non-defaulting party a plan in writing to remedy or correct the default of this Agreement which is acceptable to the non-defaulting party acting reasonably;

Termination for Material Default. Subject to Section 13.1 Article 13 (FORCE MAJEUR), a non-defaulting party may terminate this Agreement upon the occurrence of any material default or breach by the defaulting party of any as follows: 1. the 7.1.1 The non-defaulting party will notify the defaulting party in writing of the occurrence of a material default of this Agreement; 2. the 7.1.2 The defaulting party will have a period of ten (10) days from delivery of the written notice in which to either: (a) correct or remedy the material default of this Agreement in a manner satisfactory to the non-defaulting party acting reasonably; (b) provide to the non-defaulting party a plan in writing to remedy or correct the default of this Agreement which is acceptable to the non-defaulting party acting reasonably;.