Common use of Licensor Default Clause in Contracts

Licensor Default. Licensor shall not be in default under this Agreement unless Licensor fails to perform obligations required of Licensor within ten (10) days after written notice is delivered by Customer to Licensor specifying the obligation which Licensor has failed to perform: provided, however, that if the nature of Licensor’s obligation is such that more than ten (10) days are required for performance, then Licensor shall not be in default if Licensor commences performance within such thirty (30) day period and thereafter diligently prosecutes the same to completion. Customer hereby waives the benefit of any laws granting it the right to perform Licensor’s obligations, and Customer shall not be entitled to perform any of Licensor’s obligations.