Common use of Material breach by the Company Clause in Contracts

Material breach by the Company. In the event the Company commits a material breach of its obligations under this Agreement, including a breach of any of the obligations set forth in Section 2.4 and not including for a breach as described in Section 11.2(a), and fails to cure that breach within [ *** ] after receiving written notice thereof (by certified US mail), PureTech may terminate this Agreement immediately upon written notice to the Company.

Appears in 3 contracts

Samples: Exclusive Patent License Agreement (PureTech Health PLC), Exclusive Patent License Agreement (PureTech Health PLC), Exclusive Patent License Agreement (Karuna Therapeutics, Inc.)

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Material breach by the Company. In the event the Company commits a material breach of its obligations under this Agreement, including a breach of any of the obligations set forth in Section 2.4 and not including except for a breach as described in Section 11.2(a8.2(a), and fails to cure that breach within [ [*** *] after receiving written notice thereof (by certified US mail), PureTech may terminate this Agreement immediately upon written notice to the Company.

Appears in 2 contracts

Samples: Royalty Agreement (PureTech Health PLC), Royalty Agreement (PureTech Health PLC)

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