Common use of Termination Refund Clause in Contracts

Termination Refund. Upon any breach or default by a Party of its obligations under this Agreement that remains uncured thirty (30) days after such Party's receipt of written notice from the other Party, the Party that is not in breach or default under this Agreement may terminate this Agreement by providing written notice of such termination to the other Party. If Host is in breach or default of any of its obligations under the Schedule or this Agreement, and such breach or default remains uncured thirty (30) days after Host’s receipt of written notice from Company, Host will refund to Company a pro-rata portion of the amounts paid by Company to Host under the Schedule and this Agreement in connection with such Incentive at Company’s request.