Common use of Termination of Agreement for Material Breach Clause in Contracts

Termination of Agreement for Material Breach. This Agreement may be terminated at any time immediately for a material breach of this Agreement (other than a failure to meet the Milestones, which shall be covered exclusively by Section 13.2(a)), by one Party after the other Party's failure to cure such breach within thirty (30) days after receiving written notice thereof (or a plan to cure has not been reasonably agreed upon by the Parties within such thirty (30) days, which agreement shall not be unreasonably withheld, delayed or conditioned). Without implication as to what

Appears in 2 contracts

Samples: Development, Supply and License Agreement (Broadcom Corp), Development, Supply and License Agreement (Broadcom Corp)

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Termination of Agreement for Material Breach. This Either party may terminate this Agreement may be terminated at any time immediately for a material breach of this Agreement (other than a failure to meet the Milestones, which shall be covered exclusively by Section 13.2(a)), by one Party after the other Party's failure to cure party upon 60 days’ written notice specifying the nature of the breach, if such breach within thirty (30) days after receiving written notice thereof (or a plan to cure has not been reasonably agreed upon by the Parties cured within such thirty (30) days60-day period; provided, which agreement however, that this Agreement shall not terminate if the breach cannot be unreasonably withheldcured within the 60 day period, delayed or conditioned). Without implication but the breaching party has taken significant steps within the 60 day period to cure the breach, and thereafter cured the breach as to whatsoon as practicable.

Appears in 1 contract

Samples: Master Formulation Development Agreement (Edge Therapeutics, Inc.)

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