Common use of Termination for Failure to Pay Clause in Contracts

Termination for Failure to Pay. 15.3.1 In the event Distributor fails to pay SynCardia under the terms and conditions of this Agreement, SynCardia shall have the right to terminate this Agreement unless paid in full within thirty (30) days of written notice.

Appears in 3 contracts

Sources: Exclusive Distributor Agreement (Picard Medical, Inc.), Exclusive Distributor Agreement (Picard Medical, Inc.), Exclusive Distributor Agreement (Picard Medical, Inc.)

Termination for Failure to Pay. 15.3.1 11.3.1 In the event Distributor fails to pay SynCardia under the terms and conditions of this Agreement, SynCardia shall have the right to terminate this Agreement unless paid in full within thirty (30) days of written notice.

Appears in 2 contracts

Sources: Exclusive Distributor Agreement (Picard Medical, Inc.), Exclusive Distributor Agreement (Picard Medical, Inc.)

Termination for Failure to Pay. 15.3.1 11.3.1 In the event Distributor fails to pay SynCardia under the terms and conditions of this Agreement, SynCardia shall have the right to terminate this Agreement unless paid in full within thirty (30) days of written notice.. SynCardia initials: Distributor Initials: Quality-546 Rev 006 Page 19 of 42

Appears in 2 contracts

Sources: Exclusive Distributor Agreement (Picard Medical, Inc.), Exclusive Distributor Agreement (Picard Medical, Inc.)