Common use of Default of Licensee Clause in Contracts

Default of Licensee. (a) For any breach of this Agreement or any Supplemental Site License, except for obligations to pay money when due, Licensor shall provide Licensee with a detailed written notice of any violation of this Agreement, and a thirty (30) day period within which Licensee may: (a) demonstrate that a violation does not exist, (b) cure the alleged violation, or (c) if the nature of the alleged violation prevents correction thereof within 30 days, to initiate a reasonable corrective action plan to correct such alleged violation, including a projected completion date, subject to Licensor’s written approval, which approval will not be unreasonably withheld. For a breach of Licensee’s obligations to pay money when due, Licensor shall provide Licensee with notice, and Licensee shall have ten (10) days in which to cure. If Licensee fails to disprove or correct the violation within thirty (30) days or, in the case of a violation which cannot be corrected in thirty (30) days if Licensee has failed to initiate a reasonable corrective action plan and to correct the violation within the specified time frame, then Licensor may declare in writing that Licensee is in default.

Appears in 1 contract

Sources: Licensing Agreement

Default of Licensee. (a) For any breach of this Agreement or any Supplemental Site License, except for obligations to pay money when due, Licensor shall provide Licensee with a detailed written notice of any violation of this Agreement, and a thirty (30) day period within which Licensee may: (a) demonstrate that a violation does not exist, (b) cure the alleged violation, or (c) if the nature of the alleged violation prevents correction thereof within 30 days, to initiate a reasonable corrective action plan to correct such alleged violation, including a projected completion date, subject to Licensor’s written approval, which approval will not be unreasonably withheld. For a breach of Licensee’s obligations to pay money when due, Licensor shall provide Licensee with notice, and Licensee shall have ten (10) days in which to cure. . (b) If Licensee fails to disprove or correct the violation within thirty (30) days or, in the case of a violation which cannot be corrected in thirty (30) days if Licensee has failed to initiate a reasonable corrective action plan and to correct the violation within the specified time frame, then Licensor may declare in writing that Licensee is in default.

Appears in 1 contract

Sources: Licensing Agreement