Common use of Archemix Covenants Regarding Archemix-Gilead Agreement Clause in Contracts

Archemix Covenants Regarding Archemix-Gilead Agreement. Archemix hereby covenants to promptly notify Ophthotech upon receipt by Archemix or its Affiliates of any notice from Gilead Sciences, Inc. of such party’s intent to terminate Archemix’s rights under the Archemix-Gilead License Agreement or otherwise take any action that would adversely affect Ophthotech’s rights under this Agreement.

Archemix Covenants Regarding Archemix-Gilead Agreement. Archemix hereby covenants to promptly notify Ophthotech upon receipt by Archemix or its Affiliates of any notice from Gilead Sciences, Inc. of such party’s intent to (a) terminate Archemix’s rights under the Archemix-Gilead License Agreement or (b) otherwise take any action that would adversely affect Ophthotech’s rights under this Agreement.