Common use of Termination by BMS Clause in Contracts

Termination by BMS. In the event that Aurora materially breaches any of the rights granted to it, or any of the duties or obligations imposed on Aurora, under this Agreement, and such breach is not cured within 90 days following receipt of written notice from BMS to Aurora specifying such breach, then: 12.3.1.1 BMS may terminate this Agreement and/or seek any damages and remedies available to it at law or in equity, or 12.3.1.2 BMS may seek any damages and remedies available to it at law or in equity, and/or may, without affecting or altering Aurora's continuing obligations under this Agreement and without affecting or altering any rights granted to or remedies available to BMS under this Agreement: 12.3.1.2.1 terminate any rights licensed by BMS to Aurora under this Agreement, in whole or in part, and/or 12.3.1.2.2 if BMS desires that Aurora cease further development of the UHTSS, terminate all remaining payments (other than payments already due and owing as of the date of termination) under section 2.1.5, except that all bonus payments that BMS might otherwise be required to make to Aurora under section 2.1.5.6 shall be void and of no effect.