Common use of Election to Continue Clause in Contracts

Election to Continue. In the event of a breach or other event triggering either Party’s right to terminate for cause and the lapse of any applicable cure period, the non-breaching Party may agree to continue the Agreement rather than terminating it. To do so, that Party shall send a notice to the breaching Party specifying the conditions under which the non-breaching Party will agree to continue the Agreement. By agreeing to continue the Agreement in this manner, the non-breaching Party does not waive its right to later terminate the Agreement based on the event that is the subject of the notice.

Election to Continue. In the event of a breach or other event triggering either Party’s 's right to terminate for cause and the lapse of any applicable cure period, the non-non- breaching Party may agree to continue the Agreement rather than terminating it. To do so, that Party shall send a notice to the breaching Party specifying the conditions under which the non-non- breaching Party will agree to continue the Agreement. By agreeing to continue the Agreement in this manner, the non-non- breaching Party does not waive its right to later terminate the Agreement based on the event that is the subject of the notice.