Termination by Either Party for Material Breach. Notwithstanding anything in this Agreement to the contrary, Purchaser may, by written notice to Chemtura, immediately terminate the Chemtura Product License or the Chemtura Supply License if Chemtura is in material breach of this Agreement (it being understood that if such breach is capable of being cured, Chemtura shall have the right to cure such breach within thirty (30) days of receiving written notice thereof). Notwithstanding anything in this Agreement to the contrary, Chemtura may, by written notice to the Purchaser, immediately terminate the Purchaser Product License or the Purchaser Supply License if the Purchaser is in material breach of this Agreement (it being understood that if such breach is capable of being cured, Purchaser shall have the right to cure such breach within thirty (30) days of receiving written notice thereof).
Appears in 2 contracts
Sources: Stock and Asset Purchase Agreement (Chemtura CORP), Stock and Asset Purchase Agreement (Platform Specialty Products Corp)