Common use of Default by Licensee Clause in Contracts

Default by Licensee. Default by LICENSEE shall exist due to the failure by LICENSEE to comply with any term, covenant or condition of this License Agreement and failure to remedy the same within thirty (30) days after written notice from ANAHEIM’s Representative specifying the nature of such default, unless such default, by its nature cannot be cured within thirty (30) days, in which case, LICENSEE shall not be deemed in default so long as LICENSEE commences such remedy within thirty (30) days of such written notice and diligently prosecutes the same to completion. In no event shall the period of such cure exceed sixty (60) days. If at the end of sixty (60) days, LESSOR has failed to cure the breach, ANAHEIM, in its sole discretion, may proceed immediately to terminate this License Agreement or take such other action as is available at law or in equity.