Breach Events. The following will be breach events (“Breach Events”): (a) Any material representation or warranty of a party under this Agreement proves to have been incorrect in any material respect when made. (b) A party fails in any material respect to perform or observe any term of this Agreement, but only if the failure remains un-remedied for [***] days after written notice from the other party.
Appears in 2 contracts
Sources: Collaborative Research, Services and License Agreement (Nitromed Inc), Collaborative Research, Services and License Agreement (Archemix Corp.)
Breach Events. The following will be breach events (“Breach Events”):
(a) 11.2.1. Any material representation or warranty of a party under this Agreement proves to have been incorrect in any material respect when made.
(b) 11.2.2. A party fails in any material respect to perform or observe any term of this Agreement. But, but only if the failure remains un-remedied for [***] days after written notice from the other partyParty.
Appears in 2 contracts
Sources: License Agreement (Xilio Therapeutics, Inc.), License Agreement (Xilio Therapeutics, Inc.)