Defaults Remedies and Termination. Section 6.1 ▇▇▇▇▇ R&M's Right to Terminate. A material failure of ------------------------------ the ▇▇▇▇▇ Company to deliver the Products substantially in accordance with the terms contained herein, which remains uncured for a period of sixty (60) consecutive days, shall constitute a ▇▇▇▇▇ Company default hereunder. If a ▇▇▇▇▇ Company default occurs and is continuing, ▇▇▇▇▇ R&M after having given the ▇▇▇▇▇ Company and the Financing Parties ninety (90) days prior written notice may terminate this Product Purchase Agreement upon ▇▇▇▇▇ Company's and/or the Financing Parties' subsequent failure to cure such default within such ninety (90) day cure period.
Appears in 2 contracts
Sources: Product Purchase Agreement (Clark Refining & Marketing Inc), Product Purchase Agreement (Neches River Holding Corp)