Common use of Termination by Default Clause in Contracts

Termination by Default. If either party defaults in the performance of any material obligations hereunder, and if any such default is not corrected within sixty (60) days after the defaulting party receives written notice of such default from the non-defaulting party, then non-defaulting party, may, at its option and in addition to any other remedies it may have, terminate this Agreement.

Termination by Default. If either party materially defaults in the performance of of, or fails to be in material compliance with, any material obligations hereunderterm, and condition or covenant of this Agreement, the nondefaulting party may terminate this Agreement if any such default is or noncompliance shall not corrected have been remedied, or steps shall not have been initiated to remedy the same to the nondefaulting party's reasonable satisfaction, within sixty (60) 30 days after receipt by the defaulting party receives of a written notice of such default thereof from the non-defaulting nondefaulting party, then non-defaulting party, may, at its option and in addition to any other remedies it may have, terminate this Agreement.

Termination by Default. If either party defaults in the performance of of, or fails to be in compliance with, any material obligations hereunderagreement, and condition or covenant of this Agreement, the non-defaulting party may terminate this Agreement with respect to the defaulting party if any such default is or noncompliance shall not corrected have been remedied, or, in the event the default or non-compliance cannot be remedied within such period, reasonable steps shall not have been initiated to remedy the same, within sixty (60) days after receipt by the defaulting party receives of a written notice of such default thereof from the non-defaulting party, then non-defaulting party, may, at its option and in addition to any other remedies it may have, terminate this Agreement.

Termination by Default. If either party defaults in the performance of of, or fails to be in compliance with, any material obligations hereunderagreement, and if any such default is not corrected within sixty (60) days after the defaulting party receives written notice condition or covenant of such default from this Agreement, the non-defaulting partyparty may terminate this Agreement with respect to the defaulting party if such default or noncompliance shall not have been remedied, then non-or reasonable steps shall not have been initiated to remedy the same, within *** after receipt by the defaulting party of a written notice thereof from the non- defaulting party, may, at its option and in addition to any other remedies it may have, terminate this Agreement.

Termination by Default. If either party defaults in the performance of any material obligations hereunder, and if any such default is not corrected within sixty (60) days after the defaulting party receives written notice of such default from the non-defaulting party, then the non-defaulting party, party may, at its option option, and in addition to any other remedies it may have, terminate this AgreementAgreement subject to the terms set forth in Section 7.4 immediately below upon written notice to the defaulting party.