Common use of Bankruptcy Code Clause in Contracts

Bankruptcy Code. If this Agreement is rejected by a Party as a debtor under Section 365 of the United States Bankruptcy Code or similar provision in the bankruptcy laws of another jurisdiction (the “Code”), then, notwithstanding anything else in this Agreement to the contrary, all licenses and rights to licenses granted under or pursuant to this Agreement by the Party in bankruptcy to the other Party are, and shall otherwise be deemed to be, for purposes of Section 365(n) of the United States Bankruptcy Code (or similar provision in the bankruptcy laws of the jurisdiction), licenses of rights to “intellectual property” as defined under Section 101(35A) of the United States Bankruptcy Code (or similar provision in the bankruptcy laws of the jurisdiction). The Parties agree that a Party that is a licensee of rights under this Agreement shall retain and may fully exercise all of its rights and elections under the Code, and that upon commencement of a bankruptcy proceeding by or against a Party under the Code, the other Party shall be entitled to a complete duplicate of, or complete access to (as such other Party deems appropriate), any such intellectual property and all embodiments of such intellectual property, if not already in such other Party’s possession, shall be promptly delivered to such other Party (a) upon any such commencement of a bankruptcy proceeding upon written request therefor by such other Party, unless the bankrupt Party elects to continue to perform all of its obligations under this Agreement or (b) if not delivered under (a) above, upon the rejection of this Agreement by or on behalf of the bankrupt Party upon written request therefor by the other Party. The foregoing provisions of this Section 11.4 are without prejudice to any rights a Party may have arising under the Code.

Appears in 8 contracts

Samples: Eli Lilly and Company, Collaboration and License Agreement (AbCellera Biologics Inc.), Collaboration and License Agreement (AbCellera Biologics Inc.)

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Bankruptcy Code. If this Agreement is rejected by a Party as a debtor under Section 365 of the United States Bankruptcy Code or similar provision in the bankruptcy laws of another jurisdiction (the “Code”), then, notwithstanding anything else in this Agreement to the contrary, all licenses All rights and rights to licenses granted under or pursuant to this Agreement by the Party in bankruptcy to the other Party are, and shall otherwise be deemed to be, for purposes of Section 365(n) of Title 11 of the United States Code and other similar laws in any jurisdiction outside the US (collectively, the “Bankruptcy Code (or similar provision in the bankruptcy laws of the jurisdictionLaws”), licenses of rights to be “intellectual property” as defined under Section 101(35Athe Bankruptcy Laws. If a case is commenced during the Term by or against a Party under Bankruptcy Laws then, unless and until this Agreement is rejected as provided in such Bankruptcy Laws, such Party (in any capacity, including debtor-in-possession) and its successors and assigns (including a trustee) shall perform all of the United States Bankruptcy Code (or similar provision obligations provided in the bankruptcy laws of the jurisdiction). The Parties agree that a Party that is a licensee of rights under this Agreement shall retain and may fully exercise all of its rights and elections under to be performed by such Party. If a case is commenced during the Code, and that upon commencement of a bankruptcy proceeding Term by or against a Party under the CodeBankruptcy Laws, this Agreement is rejected as provided in the Bankruptcy Laws and the other Party elects to retain its rights hereunder as provided in the Bankruptcy Laws, then the Party subject to such case under the Bankruptcy Laws (in any capacity, including debtor-in-possession) and its successors and assigns (including a Title 11 trustee), shall be entitled provide to a complete duplicate of, or complete access to (as the other Party copies of all Information necessary for such other Party deems appropriate)to prosecute, any such intellectual property maintain and all embodiments enjoy its rights under the terms of such intellectual property, if not already in this Agreement promptly upon such other Party’s possessionwritten request therefor. All rights, shall be promptly delivered powers and remedies of the non-bankrupt Party as provided herein are in addition to such and not in substitution for any and all other Party rights, powers and remedies now or hereafter existing at law or in equity (aincluding the Bankruptcy Laws) upon any such in the event of the commencement of a bankruptcy proceeding upon written request therefor by such other Party, unless the bankrupt Party elects to continue to perform all of its obligations under this Agreement or (b) if not delivered under (a) above, upon the rejection of this Agreement case by or on behalf of the bankrupt Party upon written request therefor by the other Party. The foregoing provisions of this Section 11.4 are without prejudice to any rights against a Party may have arising under the CodeBankruptcy Laws.

Appears in 5 contracts

Samples: Assignment and License Agreement (Adagio Therapeutics, Inc.), Option and License Agreement, Option and License Agreement (Arsanis, Inc.)

Bankruptcy Code. If this Agreement is rejected by a Party as a debtor under Section 365 of the United States Bankruptcy Code or similar provision in the bankruptcy laws of another jurisdiction (the “Code”), then, notwithstanding anything else in this Agreement to the contrary, all licenses All rights and rights to licenses granted under or pursuant to this Agreement by the Party in bankruptcy to the other Party are, and shall otherwise be deemed to be, for purposes of Section 365(n) of Title 11 of the United States Code and other similar laws in any jurisdiction outside the U.S. (collectively, the “Bankruptcy Code (or similar provision in the bankruptcy laws of the jurisdictionLaws”), licenses of rights to be “intellectual property” as defined under Section 101(35A) of the United States Bankruptcy Code (or similar provision in Laws. If a case is commenced during the bankruptcy laws of the jurisdiction). The Parties agree that a Party that is a licensee of rights under this Agreement shall retain and may fully exercise all of its rights and elections under the Code, and that upon commencement of a bankruptcy proceeding Term by or against a Party party under Bankruptcy Laws then, unless and until this Agreement is rejected as provided in such Bankruptcy Laws, such party (in any capacity, including debtor-in-possession) and its successors and assigns (including a trustee) shall perform all of the obligations provided in this Agreement to be performed by such party. If a case is commenced during the Term by or against a party under the CodeBankruptcy Laws, this Agreement is rejected as provided in the Bankruptcy Laws and the other party elects to retain its rights hereunder as provided in the Bankruptcy Laws, then the party subject to such case under the Bankruptcy Laws (in any capacity, including debtor-in-possession) and its successors and assigns (including a Title 11 trustee), shall provide to the other party copies of all Information necessary for such other party to prosecute, maintain and enjoy its rights under the terms of this Agreement promptly upon such other party’s written request therefor. All rights, powers and remedies of the non-bankrupt party as provided herein are in addition to and not in substitution for any and all other rights, powers and remedies now or hereafter existing at law or in equity (including, without limitation, the other Party shall be entitled to a complete duplicate of, or complete access to (as such other Party deems appropriate), any such intellectual property and all embodiments Bankruptcy Laws) in the event of such intellectual property, if not already in such other Party’s possession, shall be promptly delivered to such other Party (a) upon any such the commencement of a bankruptcy proceeding upon written request therefor by such other Party, unless the bankrupt Party elects to continue to perform all of its obligations under this Agreement or (b) if not delivered under (a) above, upon the rejection of this Agreement case by or on behalf of the bankrupt Party upon written request therefor by the other Party. The foregoing provisions of this Section 11.4 are without prejudice to any rights against a Party may have arising party under the CodeBankruptcy Laws.

Appears in 3 contracts

Samples: Drug Development Partnership and License Agreement, Exclusive License Agreement (Advaxis, Inc.), Partnership and License Agreement (Curis Inc)

Bankruptcy Code. If this Agreement is rejected by a Party as a debtor under Section 365 of the United States Bankruptcy Code or similar provision in the bankruptcy laws of another jurisdiction (the “Code”), then, notwithstanding anything else in this Agreement to the contrary, all licenses All rights and rights to licenses granted under or pursuant to this Agreement by the Party in bankruptcy to the other Party are, and shall otherwise be deemed to be, for purposes of Section 365(n) of Title 11 of the United States Code and other similar laws in any jurisdiction outside the U.S. (collectively, the “Bankruptcy Code (or similar provision in the bankruptcy laws of the jurisdictionLaws”), licenses of rights to be “intellectual property” as defined under Section 101(35Athe Bankruptcy Laws. If a case is commenced during the Term by or against a Party under Bankruptcy Laws then, unless and until this Agreement is rejected as provided in such Bankruptcy Laws, such Party (in any capacity, including debtor-in-possession) and its successors and assigns (including a trustee) shall perform all of the United States Bankruptcy Code (or similar provision obligations provided in the bankruptcy laws of the jurisdiction). The Parties agree that a Party that is a licensee of rights under this Agreement shall retain and may fully exercise all of its rights and elections under to be performed by such Party. If a case is commenced during the Code, and that upon commencement of a bankruptcy proceeding Term by or against a Party under the CodeBankruptcy Laws, this Agreement is rejected as provided in the Bankruptcy Laws and the other Party elects to retain its rights hereunder as provided in the Bankruptcy Laws, then the Party subject to such case under the Bankruptcy Laws (in any capacity, including debtor-in-possession) and its successors and assigns (including a Title 11 trustee), shall be entitled provide to a complete duplicate of, or complete access to (as the other Party copies of all Information necessary for such other Party deems appropriate)to prosecute, any such intellectual property maintain and all embodiments enjoy its rights under the terms of such intellectual property, if not already in this Agreement promptly upon such other Party’s possessionwritten request therefor. All rights, shall be promptly delivered powers and remedies of the non-bankrupt Party as provided herein are in addition to such and not in substitution for any and all other Party rights, powers and remedies now or hereafter existing at law or in equity (aincluding, without limitation, the Bankruptcy Laws) upon any such in the event of the commencement of a bankruptcy proceeding upon written request therefor by such other Party, unless the bankrupt Party elects to continue to perform all of its obligations under this Agreement or (b) if not delivered under (a) above, upon the rejection of this Agreement case by or on behalf of the bankrupt Party upon written request therefor by the other Party. The foregoing provisions of this Section 11.4 are without prejudice to any rights against a Party may have arising under the CodeBankruptcy Laws.

Appears in 3 contracts

Samples: Option and License Agreement (Xencor Inc), Option and License Agreement (Xencor Inc), Option and License Agreement (Xencor Inc)

Bankruptcy Code. If this Agreement is rejected by a Party as a debtor under Section 365 of the United States Bankruptcy Code or similar provision in the bankruptcy laws of another jurisdiction (the “Code”), then, notwithstanding anything else in this Agreement to the contrary, all licenses and rights to licenses granted under or pursuant to this Agreement by the Party in bankruptcy to the other Party are, and shall otherwise be deemed to be, for purposes of Section 365(n) of the United States Bankruptcy Code (or similar provision in the bankruptcy laws of the jurisdiction), licenses of rights to “intellectual property” as defined under Section 101(35A) of the United States Bankruptcy Code (or similar provision in the bankruptcy laws of the jurisdiction). The Parties agree that a Party that is a licensee of rights under this Agreement shall retain and may fully exercise all of its rights and elections under the Code, and that upon commencement of a bankruptcy proceeding by or against a Party under the Code, the other Party shall be entitled to, to the extent required under the Code, a complete duplicate of, or complete access to (as such other Party deems appropriate), any such intellectual property and all embodiments of such intellectual property, if not already in such other Party’s possession, shall be promptly delivered to such other Party (a) upon any such commencement of a bankruptcy proceeding upon written request therefor by such other Party, unless the bankrupt Party elects to continue to perform all of its obligations under this Agreement or (b) if not delivered under (a) above, upon the rejection of this Agreement by or on behalf of the bankrupt Party upon written request therefor by the other Party. The foregoing provisions of this Section 11.4 10.4 are without prejudice to any rights a Party may have arising under the Code.

Appears in 3 contracts

Samples: License Agreement, And License Agreement (Zymeworks Inc.), And License Agreement (Zymeworks Inc.)

Bankruptcy Code. If this Agreement is rejected by a Party as a debtor under Section 365 of the United States Bankruptcy Code or similar provision in the bankruptcy laws of another jurisdiction (the “Code”), then, notwithstanding anything else in this Agreement to the contrary, all licenses All rights and rights to licenses granted under or pursuant to this Agreement by the Party in bankruptcy to the other a Party are, and shall otherwise be deemed to be, for purposes of Section 365(n) of the United States U.S. Bankruptcy Code (or similar provision in the bankruptcy laws of the jurisdiction)Code, licenses of rights to “intellectual property” as defined under Section 101(35A) 101 of the United States U.S. Bankruptcy Code (or similar provision in the bankruptcy laws of the jurisdiction)Code. The Parties agree that a each Party that is a as licensee of such rights under this Agreement Agreement, shall retain and may fully exercise all of its rights and elections under the CodeU.S. Bankruptcy Code or any other provisions of applicable law outside the United States that provide similar protection for “intellectual property.” The Parties further agree that, and that upon in the event of the commencement of a bankruptcy proceeding by or against a Party under the CodeU.S. Bankruptcy Code or analogous provisions of applicable law outside the United States, the other Party shall be entitled to a complete duplicate of, of (or complete access to (to, as such other Party deems appropriate), ) any such intellectual property Cephalon Technology or Reversion IP and all embodiments of such intellectual propertyCephalon Technology or Reversion IP (as applicable), which, if not already in such other Party’s possession, shall be promptly delivered to such other Party it (a) upon any such commencement of a bankruptcy proceeding upon the other Party’s written request therefor by such other Partytherefor, unless the bankrupt such Party elects to continue to perform all of its obligations under this Agreement or (b) if not delivered under (a) above, upon following the rejection of this Agreement by or on behalf of the bankrupt such Party upon written request therefor by the other Party. The foregoing provisions Any agreements supplemental hereto shall be deemed to be “agreements supplementary to” this Agreement for purposes of this Section 11.4 are without prejudice to any rights a Party may have arising under 365(n) of the Bankruptcy Code.

Appears in 3 contracts

Samples: License Agreement (Checkpoint Therapeutics, Inc.), License Agreement (Checkpoint Therapeutics, Inc.), License Agreement (Checkpoint Therapeutics, Inc.)

Bankruptcy Code. If this Agreement is rejected or disclaimed by a Party as a debtor under Section 365 of the United States Bankruptcy Code Code, the Dutch Bankruptcy Act (Faillissementswet) and the Insolvency Regulation (and implementations thereof) or similar provision provisions in the bankruptcy bankruptcy, insolvency, reorganization or debtor relief laws of another jurisdiction (collectively, the “Code”), then, notwithstanding anything else in this Agreement to the contrary, all licenses and rights to licenses granted under or pursuant to this Agreement by the Party in bankruptcy to the other Party are, and shall otherwise be deemed to be, for purposes of Section 365(n) of the United States Bankruptcy Code (or similar provision in the bankruptcy laws of the jurisdiction), licenses of rights to “intellectual property” as defined under Section 101(35A) of the United States Bankruptcy Code (or similar provision in the bankruptcy laws of the another applicable jurisdiction). The Parties agree that a Party that is a licensee of rights under this Agreement shall retain and may fully exercise all of its rights and elections under the Code, and that upon commencement of a bankruptcy proceeding by or against a Party under the Code, the other Party shall be entitled to a complete duplicate of, or complete access to (as such other Party deems appropriate), any such intellectual property and all embodiments of such intellectual property, if not already in such other Party’s possession, shall be promptly delivered to such other Party Party: (a) upon any such commencement of a bankruptcy proceeding upon written request therefor by such other Party, unless the bankrupt Party elects to continue to perform all of its obligations under this Agreement Agreement; or (b) if not delivered under the foregoing subclause (a) above), upon the rejection of this Agreement by or on behalf of the bankrupt Party upon written request therefor by the other Party. The foregoing provisions of this Section 11.4 13.7 are without prejudice to any rights a Party may have arising under the Code.

Appears in 2 contracts

Samples: Research and Collaboration Agreement (ProQR Therapeutics N.V.), Research and Collaboration Agreement (ProQR Therapeutics N.V.)

Bankruptcy Code. If this Agreement is rejected by a Party as a debtor under Section 365 of the United States Bankruptcy Code or similar provision in the bankruptcy laws of another jurisdiction (the “Code”), then, notwithstanding anything else in this Agreement to the contrary, all licenses and rights to licenses granted under or pursuant to this Agreement by the Party in bankruptcy to the other Party are, and shall otherwise be deemed to be, for purposes of Section 365(n) of the United States Bankruptcy Code (or similar provision in the bankruptcy laws of the jurisdiction), licenses of rights to “intellectual property” as defined under Section 101(35A) of the United States Bankruptcy Code (or similar provision in the bankruptcy laws of the jurisdiction). The Parties agree that a Party that is a licensee of rights under this Agreement shall retain and may fully exercise all of its rights and elections under the Code, and that upon commencement of a bankruptcy proceeding by or against a Party under the Code, the other Party shall be entitled to, to the extent required under the Code, a complete duplicate of, or complete access to (as such other Party deems appropriate), any such intellectual property and all embodiments of such intellectual property, if not already in such other Party’s possession, shall be promptly delivered to such other Party (a) upon any such commencement of a bankruptcy proceeding upon written request therefor by such other Party, unless the bankrupt Party elects to continue to perform all of its obligations under this Agreement or (b) if not delivered under (a) above, upon the rejection of this Agreement by or on behalf of the bankrupt Party upon written request therefor by the other Party. The foregoing provisions of this Section 11.4 are without prejudice to any rights a Party may have arising under the Code.

Appears in 2 contracts

Samples: Collaboration and License Agreement (Zymeworks Inc.), Collaboration and License Agreement (Zymeworks Inc.)

Bankruptcy Code. If this Agreement is rejected by a Party as a debtor under Section 365 of the United States Bankruptcy Code or similar provision in the bankruptcy laws of another jurisdiction (the “Code”), then, notwithstanding anything else in this Agreement to the contrary, all licenses All rights and rights to licenses granted under or pursuant to this Agreement by the Party in bankruptcy to the other a Party are, and shall otherwise be deemed to be, for purposes of Section 365(n) of the United States U.S. Bankruptcy Code (or similar provision in the bankruptcy laws of the jurisdiction)Code, licenses of rights right to “intellectual property” as defined under Section 101(35A) 101 of the United States U.S. Bankruptcy Code (or similar provision in the bankruptcy laws of the jurisdiction)Code. The Parties agree that a Party that is a Kolltan, as licensee of such rights under this Agreement Agreement, shall retain and may fully exercise all of its rights and elections under the CodeU.S. Bankruptcy Code or any other provisions of applicable law outside the United States that provide similar protection for “intellectual property.” The Parties further agree that, and that upon in the event of the commencement of a bankruptcy proceeding by or against a Party Spirogen under the CodeU.S. Bankruptcy Code or analogous provisions of applicable law outside the United States, the other Party Kolltan shall be entitled to a complete duplicate of, of (or complete access to (to, as such other Party deems appropriate)) any Licensed Intellectual Property, any such intellectual property Drug Moiety Development IP, and Joint Development IP and all embodiments of such intellectual propertyLicensed Intellectual Property, Drug Moiety Development IP, and Joint Development IP, which, if not already in such other PartyKolltan’s possession, shall be promptly delivered to such other Party it (ai) upon any such commencement of a bankruptcy proceeding upon Kolltan’s written request therefor by such other Partytherefor, unless the bankrupt Party Spirogen elects to continue to perform all of its obligations under this Agreement or (bii) if not delivered under (ai) above, upon following the rejection of this Agreement by or on behalf of the bankrupt Party Spirogen upon written request therefor by Kolltan. Any agreements supplemental hereto will be deemed to be “agreements supplementary to” this Agreement for purposes of Section 365(n) of the other Party. The foregoing provisions of this Section 11.4 are without prejudice to any rights a Party may have arising under the Bankruptcy Code.

Appears in 2 contracts

Samples: License Agreement (Kolltan Pharmaceuticals Inc), License Agreement (Kolltan Pharmaceuticals Inc)

Bankruptcy Code. If this Agreement is rejected by a Party as a debtor under Section 365 of the United States Bankruptcy Code or similar provision in the bankruptcy laws of another jurisdiction (the “Code”), then, notwithstanding anything else in this Agreement to the contrary, all licenses and rights to licenses granted under or pursuant to this Agreement by the Party in bankruptcy to the other Party are, and shall otherwise be deemed to be, for purposes of Section 365(n) of the United States Bankruptcy Code (or similar provision in the bankruptcy laws of the jurisdiction), licenses of rights to “intellectual property” as defined under Section 101(35A) of the United States Bankruptcy Code (or similar provision in the bankruptcy laws of the jurisdiction). The Parties agree that a Party that is a licensee of rights under this Agreement shall retain and may fully exercise all of its rights and elections under the Code, and that upon commencement of a bankruptcy proceeding by or against a Party under the Code, the other Party shall be entitled to a complete duplicate of, or complete access to (as such other Party deems appropriate), any such intellectual property and all embodiments of such intellectual property, if not already in such other Party’s possession, shall be promptly delivered to such other Party (a) upon any such commencement of a bankruptcy proceeding upon written request therefor by such other Party, unless the bankrupt Party elects to continue to perform all of its obligations under this Agreement or (b) if not delivered under (a) above, upon the rejection of this Agreement by or on behalf of the bankrupt Party upon written request therefor by the other Party. The foregoing provisions of this Section 11.4 12.6 are without prejudice to any rights a Party may have arising under the Code.

Appears in 2 contracts

Samples: Research and License Agreement (Zymeworks Inc.), Research and License Agreement (Zymeworks Inc.)

Bankruptcy Code. If this Agreement is rejected by a Party as a debtor The Parties shall retain and may fully exercise all of their respective rights and elections under Section 365 of the United States U.S. Bankruptcy Code or similar provision in the bankruptcy laws of another jurisdiction (the “Code”), then, notwithstanding anything else in this Agreement to the contrary, all licenses and rights to licenses granted under or pursuant to this Agreement by the Party in bankruptcy to the other Party are, and shall otherwise be deemed to be, for purposes of Section 365(n) of the United States Bankruptcy Code (or similar provision in the bankruptcy laws of the jurisdiction), licenses of rights to “intellectual property” as defined under Section 101(35A) of the United States Bankruptcy Code (or similar provision in the bankruptcy laws of the jurisdiction). The Parties agree that a Party that is a licensee of such rights under this Agreement shall retain and may fully exercise all of its rights and elections under the U.S. Bankruptcy Code, and that upon commencement of a bankruptcy proceeding by or against a the licensing Party (such Party, the “Involved Party”) under the U.S. Bankruptcy Code, the other Party (such Party, the “Noninvolved Party”) shall be entitled to a complete duplicate of, of or complete access to (as such other Noninvolved Party deems appropriate), any such intellectual property and all embodiments of such intellectual property, if not already provided the Noninvolved Party continues to fulfill its payment or royalty obligations as specified herein in such other Party’s possession, full. Such intellectual property and all embodiments thereof shall be promptly delivered to such other the Noninvolved Party (a) upon any such commencement of a bankruptcy proceeding upon written request therefor by such other the Noninvolved Party, unless the bankrupt Involved Party elects to continue to perform all of its obligations under this Agreement or (b) if not delivered under (a) above, upon the rejection of this Agreement by or on behalf of the bankrupt Involved Party upon written request therefor by the other Noninvolved Party. The foregoing provisions of this Section 11.4 are is without prejudice to any rights a the Noninvolved Party may have arising under the CodeU.S. Bankruptcy Code or other applicable law. To the extent the laws of Ontario or Canada are applicable to the subject matter of this Article 17.2, the Parties agree that their intent is to effect a result as similar as possible to that which is otherwise intended by this provision, including the benefit of Article 32(5) of the Companies’ Creditors Arrangement Act and Article 65.11(7) of the Bankruptcy and Insolvency Act, as currently proposed.

Appears in 2 contracts

Samples: Collaboration and License Agreement (Transition Therapeutics Inc.), Collaboration and License Agreement (Transition Therapeutics Inc.)

Bankruptcy Code. If this Agreement is rejected by a Party as a debtor under Section 365 of the United States Bankruptcy Code or similar provision in the bankruptcy laws of another jurisdiction (the “Code”), then, notwithstanding anything else in this Agreement to the contrary, all licenses and rights to licenses granted under or pursuant to this Agreement by the Party in bankruptcy to the other Party are, and shall otherwise be deemed to be, for purposes of Section 365(n) of the United States Bankruptcy Code (or similar provision in the bankruptcy laws of the jurisdiction), licenses of rights to “intellectual property” as defined under Section 101(35A) of the United States Bankruptcy Code (or similar provision in the bankruptcy laws of the another applicable jurisdiction). The Parties agree that a Party that is a licensee of rights under this Agreement shall retain and may fully exercise all of its rights and elections under the Code, and that upon commencement of a bankruptcy proceeding by or against a Party under the Code, the other Party shall be entitled to a complete duplicate of, or complete access to (as such other Party deems appropriate), any such intellectual property and all embodiments of such intellectual property, if not already in such other Party’s possession, shall be promptly delivered to such other Party Party: (a) upon any such commencement of a bankruptcy proceeding upon written request therefor by such other Party, unless the bankrupt Party elects to continue to perform all of its obligations under this Agreement Agreement; or (b) if not delivered under the foregoing subclause (a) above), upon the rejection of this Agreement by or on behalf of the bankrupt Party upon written request therefor by the other Party. The foregoing provisions of this Section 11.4 12.7 are without prejudice to any rights a Party may have arising under the Code.

Appears in 2 contracts

Samples: Research Collaboration and License Agreement (Avidity Biosciences, Inc.), Research Collaboration and License Agreement (Avidity Biosciences, Inc.)

Bankruptcy Code. If this Agreement is rejected by a Party as a debtor under Section 365 of the United States Bankruptcy Code or similar provision in the bankruptcy laws of another jurisdiction (the “Code”), then, notwithstanding anything else in this Agreement to the contrary, all licenses and rights to licenses granted under or pursuant to this Agreement by the Party in bankruptcy to the other Party are, and shall otherwise be deemed to be, for purposes of Section 365(n) of the United States Bankruptcy Code (or similar provision in the bankruptcy laws of the jurisdiction), licenses of rights to “intellectual property” as defined under Section 101(35A) of the United States Bankruptcy Code (or similar provision in the bankruptcy laws of the another applicable jurisdiction). The Parties agree that a Party that is a licensee of rights under this Agreement shall retain and may fully exercise all of its rights and elections under the Code, and that upon commencement of a bankruptcy proceeding by or against a Party under the Code, the other Party shall be entitled to a complete duplicate of, or complete access to (as such other Party deems appropriate), any such intellectual property and all embodiments of such intellectual property, if not already in such other Party’s possession, shall be promptly delivered to such other Party Party: (a) upon any such commencement of a bankruptcy proceeding upon written request therefor by such other Party, unless the bankrupt Party elects to continue to perform all of its obligations under this Agreement Agreement; or (b) if not delivered under the foregoing subclause (a) above), upon the rejection of this Agreement by or on behalf of the bankrupt Party upon written request therefor by the other Party. The foregoing provisions of this Section 11.4 10.6 are without prejudice to any rights a Party may have arising under the Code.

Appears in 2 contracts

Samples: Patent Cross License Agreement (Alnylam Pharmaceuticals, Inc.), Patent Cross License Agreement (Dicerna Pharmaceuticals Inc)

Bankruptcy Code. If this Agreement is rejected by a Party as a debtor under Section 365 of the United States Bankruptcy Code or similar provision in the bankruptcy laws of another jurisdiction (the “Code”), then, notwithstanding anything else in this Agreement to the contrary, all licenses All rights and rights to licenses granted under or pursuant to this Agreement by the Party in bankruptcy one party to the other Party with respect to the Products or the Technical Products of the Technical Information are, and shall otherwise be deemed to be, for the purposes of Section 365(n) of the United States Bankruptcy Code Code, 11 U.S.C. Section 101, et seq. (or similar provision in the bankruptcy laws of the jurisdiction"Bankruptcy Code"), licenses of rights to "intellectual property" as defined under Section 101(35A101(56) of the United States Bankruptcy Code (or similar provision Code; provided it abides by the terms of this Agreement. The parties further agree that, in the event that any proceeding shall be instituted by or against a party seeking to adjudicate it bankrupt or insolvent or seeking liquidation, winding up, reorganization, arrangement, adjustment, protection, relief or composition of it or its debts under any law relating to bankruptcy laws of insolvency or reorganization or relief of debtors, or seeking an entry or an order for relief of debtors, or seeking an entry or an order for relief or the appointment of a receiver, trustee or other similar official for it or any substantial part of its property, or such party shall take any action to authorize any of the jurisdictionforegoing actions (each a "Proceeding"). The Parties agree that a Party that is a licensee of , the other party shall have the right to retain and enforce its rights under this Agreement shall retain including, but not limited to the following rights, provided it abides by the terms of this Agreement: (i) the right to continue to use the Technical Information, all documentation and may fully exercise other supporting materials relater thereto and manufacture and sell Products and all of its rights versions and elections under derivatives thereof; and (ii) the Code, and that upon commencement of a bankruptcy proceeding by or against a Party under the Code, the other Party shall be entitled right to a complete duplicate of, or complete access to (to, as such other Party deems appropriate), any such intellectual property all Technical Information and Products and all embodiments of such intellectual propertyto be provided under this Agreement, including documentation therefor, and the same, if not already in such other Party’s the non-bankrupt party's possession, shall be promptly delivered to such other Party party: (a) upon any such commencement of a bankruptcy proceeding Proceeding upon written request therefor by such other Partyparty, unless the bankrupt Party party elects to continue to perform all of its obligations under this Agreement his Agreement; or (b) if not delivered under (a) above, upon the rejection of this Agreement by or on behalf of the bankrupt Party party upon written request therefor by the other Party. The foregoing provisions of this Section 11.4 are without prejudice to any rights a Party may have arising under the Codenon-bankrupt party.

Appears in 1 contract

Samples: Master Agreement (Quantum Corp /De/)

Bankruptcy Code. If this Agreement is rejected by a Party as a debtor under Section 365 of the United States Bankruptcy Code or similar provision in the bankruptcy laws of another jurisdiction (the “Code”), then, notwithstanding anything else in this Agreement to the contrary, all licenses and rights to licenses granted under or pursuant to this Agreement by the Party in bankruptcy to the other Party are, and shall otherwise be deemed to be, for purposes of Section 365(n) of the United States Bankruptcy Code (or similar provision in the bankruptcy laws of the jurisdiction), licenses of rights to “intellectual property” as defined under Section 101(35A) of the United States Bankruptcy Code (or similar provision in the bankruptcy laws of the another applicable jurisdiction). The Parties agree that a Party that is a licensee of rights under this Agreement shall retain and may fully exercise all of its rights and elections under the Code, and that upon commencement of a bankruptcy proceeding by or against a Party under the Code, the other Party shall be entitled to a complete duplicate of, or complete access to (as such other Party deems appropriate), any such intellectual property and all embodiments of such intellectual property, if not already in such other Party’s possession, shall be promptly delivered to such other Party Party: (a) upon any such commencement of a bankruptcy proceeding upon written request therefor by such other Party, unless the bankrupt Party elects to continue to perform all of its obligations under this Agreement Agreement; or (b) if not delivered under the foregoing subclause (a) above), upon the rejection of this Agreement by or on behalf of the bankrupt Party upon written request therefor by the other Party. The foregoing provisions of this Section 11.4 13.5 are without prejudice to any rights a Party may have arising under the Code.

Appears in 1 contract

Samples: Collaboration and License Agreement (Dicerna Pharmaceuticals Inc)

Bankruptcy Code. If this Agreement is rejected by a Party as a debtor under Section 365 of the United States Bankruptcy Code or similar provision in the bankruptcy laws of another jurisdiction (the “Code”), then, notwithstanding anything else in this Agreement to the contrary, The Parties agree that all licenses and intellectual property rights to licenses granted licensed under or pursuant to this Agreement by the Party Agreement, including any patents or patent applications in bankruptcy to the other Party areany country, and shall otherwise be deemed to be, for purposes of Section 365(n) are part of the United States Bankruptcy Code (or similar provision in the bankruptcy laws of the jurisdiction), licenses of rights to “intellectual property” as defined under Section 101(35A101 (35A) of the United States U.S. Bankruptcy Code (or similar provision in subject to the bankruptcy laws protections afforded the non-rejecting Party under Section 365(n) of the jurisdiction)U.S. Bankruptcy Code, and any similar Applicable Law in any other country. The Parties agree that a Party that is a licensee of rights under this Agreement shall retain and may fully not be deemed terminated by virtue of any rejection by a Party or its receiver or trustee under Applicable Laws unless the non-rejecting Party fails to exercise all of its rights and elections under Section 365(n)(1)(B) of the CodeU.S. Bankruptcy Code (or its foreign equivalents). The Parties further agree that, and that upon in the event of the commencement of a bankruptcy proceeding by or against a either Party under the CodeU.S. Bankruptcy Code or any Applicable Laws in any other country or jurisdiction, if this Agreement is not terminated or deemed terminated, the other Party hereto that is not the subject of such proceeding shall be entitled to a complete duplicate of, of (or complete access to (to, as such other Party deems appropriate), any ) all such intellectual property and all embodiments of such intellectual property, which, if not already in such other Party’s possession, shall be promptly delivered to it upon such other Party (a) upon any such commencement of a bankruptcy proceeding upon Party’s written request therefor by such other Partyrequest, unless the bankrupt Party subject to such 21 [*] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended. proceeding elects to continue to perform all of its obligations under this Agreement or Agreement. The Parties acknowledge that all references to the U.S. Bankruptcy Code are not relevant with respect to any actions described in (bi) if not delivered – (v) above that occur under (a) above, upon the rejection of this Agreement by or on behalf laws outside of the bankrupt Party upon written request therefor by the other PartyUnited States. The foregoing provisions of this Section 11.4 are without prejudice to any rights a Party may have arising under the Code.7.3

Appears in 1 contract

Samples: License Agreement

Bankruptcy Code. If this Agreement is rejected or disclaimed by a Party as a debtor under Section 365 of the United States Bankruptcy Code or under any similar provision provisions in the bankruptcy bankruptcy, insolvency, reorganization or debtor relief laws of another jurisdiction (collectively, the “Code”), then, notwithstanding anything else in this Agreement to the contrary, all licenses and rights to licenses granted under or pursuant to this Agreement by the Party in bankruptcy to the other Party are, and shall otherwise be deemed to be, for purposes of Section 365(n) of the United States Bankruptcy Code (or similar provision in the bankruptcy laws of the jurisdiction), licenses of rights to “intellectual property” as defined under Section 101(35A) of the United States Bankruptcy Code (or similar provision in the bankruptcy laws of the another applicable jurisdiction). The Parties agree that a Party that is a licensee of rights under this Agreement shall retain and may fully exercise all of its rights and elections under the Code, and that upon commencement of a bankruptcy proceeding by or against a Party under the Code, the other Party shall be entitled to a complete duplicate of, or complete access to (as such other Party deems appropriate), any such intellectual property and all embodiments of such intellectual property, if not already in such other Party’s possession, shall be promptly delivered to such other Party Party: (a) upon any such commencement of a bankruptcy proceeding upon written request therefor by such other Party, unless the bankrupt Party elects to continue to perform all of its obligations under this Agreement Agreement; or (b) if not delivered under the foregoing subclause (a) above), upon the rejection of this Agreement by or on behalf of the bankrupt Party upon written request therefor by the other Party. The foregoing provisions of this Section 11.4 16.8 are without prejudice to any rights a Party may have arising under the Code.

Appears in 1 contract

Samples: Research and Collaboration Agreement (Verve Therapeutics, Inc.)

Bankruptcy Code. If this Agreement is rejected by a Party as a debtor The Parties shall retain and may fully exercise all of their respective rights and elections under Section 365 of the United States U.S. Bankruptcy Code or similar provision in the bankruptcy laws of another jurisdiction (the “Code”), then, notwithstanding anything else in this Agreement . Subject to the contraryterms of any Third Party Agreement, all licenses and rights to licenses granted under or pursuant to this Agreement by the Party in bankruptcy to the other Party are, and shall otherwise be deemed to be, for purposes of Section 365(n) of the United States Bankruptcy Code (or similar provision in the bankruptcy laws of the jurisdiction), licenses of rights to “intellectual property” as defined under Section 101(35A) of the United States Bankruptcy Code (or similar provision in the bankruptcy laws of the jurisdiction). The Parties agree that a Party that is a licensee of such rights under this Agreement shall retain and may fully exercise all of its rights and elections under the U.S. Bankruptcy Code, and that upon commencement of a bankruptcy proceeding by or against a the licensing Party (such Party, the “Involved Party”) under the U.S. Bankruptcy Code, the other Party (such Party, the “Noninvolved Party”) shall be entitled to a complete duplicate of, of or complete access to (as such other Noninvolved Party deems appropriate), any such intellectual property and all embodiments of such intellectual property, if not already provided the Noninvolved Party continues to fulfill its payment or royalty obligations as specified herein in such other Party’s possession, full. Such intellectual property and all embodiments thereof shall be promptly delivered to such other the Noninvolved Party (a) upon any such commencement of a bankruptcy proceeding upon written request therefor by such other the Noninvolved Party, unless the bankrupt Involved Party elects to continue to perform all of its obligations under this Agreement or (b) if not delivered under (a) above, upon the rejection of this Agreement by or on behalf of the bankrupt Involved Party upon written request therefor by the other Noninvolved Party. The foregoing provisions of this Section 11.4 are is without prejudice to any rights a the Noninvolved Party may have arising under the CodeU.S. Bankruptcy Code or other applicable law. To the extent the laws of Ontario or Canada are applicable to the subject matter of this Article 16.2, the parties agree that their intent is to effect a result as similar as possible to that which is otherwise intended by this provision, including the benefit of Article 32(5) of the Companies’ Creditors Arrangement Act and Article 65.11(7) of the Bankruptcy and Insolvency Act, as currently proposed.

Appears in 1 contract

Samples: Exclusive License and Collaboration Agreement (Transition Therapeutics Inc.)

Bankruptcy Code. If this Agreement is rejected by a Party as a debtor under Section 365 of the United States Bankruptcy Code or similar provision in the bankruptcy laws of another jurisdiction (the “Code”), then, notwithstanding anything else in this Agreement to the contrary, all licenses and rights to licenses granted under or pursuant to this Agreement by the Party in bankruptcy to the other Party are, and shall otherwise be deemed to be, for purposes of Section 365(n) of the United States Bankruptcy Code (or similar provision in the bankruptcy laws of the jurisdiction), licenses of rights to “intellectual property” as defined under Section 101(35A) of the United States Bankruptcy Code (or similar provision in the bankruptcy laws of the another applicable jurisdiction). The Parties agree that a Party that is a licensee of rights under this Agreement shall retain and may fully exercise all of its rights and elections under the Code, and that upon commencement of a bankruptcy proceeding by or against a Party under the Code, the other Party shall be entitled to a complete duplicate of, or complete access to (as such other Party deems appropriate), any such intellectual property to which such other Party is otherwise entitled to have access under this Agreement and all embodiments of such intellectual property, if not already in such other Party’s possession, shall be promptly delivered to such other Party Party: (a) upon any such commencement of a bankruptcy proceeding upon written request therefor by such other Party, unless the bankrupt Party elects to continue to perform all of its obligations under this Agreement Agreement; or (b) if not delivered under the foregoing subclause (a) above), upon the rejection of this Agreement by or on behalf of the bankrupt Party upon written request therefor by the other Party. [***]. The foregoing provisions of this Section 11.4 13.7 are without prejudice to any rights a Party may have arising under the Code.. 66

Appears in 1 contract

Samples: License Agreement (Precision Biosciences Inc)

Bankruptcy Code. If this Agreement is rejected by a Party as a debtor under Section 365 of the United States Bankruptcy Code or similar provision in the bankruptcy laws of another jurisdiction (the “Code”), then, notwithstanding anything else in this Agreement to the contrary, all licenses All rights and rights to licenses granted under or pursuant to this Agreement by the Party in bankruptcy to the other a Party are, and shall otherwise be deemed to be, for purposes of Section 365(n) of the United States U.S. Bankruptcy Code (or similar provision in the bankruptcy laws of the jurisdiction)Code, licenses of rights to “intellectual property” as defined under Section 101(35A) 101 of the United States U.S. Bankruptcy Code (or similar provision in the bankruptcy laws of the jurisdiction)Code. The Parties agree that a each Party that is a as licensee of such rights under this Agreement Agreement, shall retain and may fully exercise all of its rights and elections under the CodeU.S. Bankruptcy Code or any other provisions of applicable law outside the United States that provide similar protection for “intellectual property.” The Parties further agree that, and that upon in the event of the commencement of a bankruptcy proceeding by or against a Party under the CodeU.S. Bankruptcy Code or analogous provisions of applicable law outside the United States, the other Party shall be entitled to a complete duplicate of, of (or complete access to (to, as such other appropriate) any Teva Licensed Technology, Third Party deems appropriate), any such intellectual property Licensed Patents and all embodiments of such intellectual propertyTeva Licensed Technology and Third Party Licensed Patents, which, if not already in such other Party’s possession, shall be promptly delivered to such other Party it (a) upon any such commencement of a bankruptcy proceeding upon the other Party’s written request therefor by such other Partytherefor, unless the bankrupt such Party elects to continue to perform all of its obligations under this Agreement or (b) if not delivered under (a) above, upon following the rejection of this Agreement by or on behalf of the bankrupt such Party upon written request therefor by the other Party. The foregoing provisions of Nothing in this Section 11.4 are without prejudice shall limit or derogate from any Party’s rights pursuant to any rights a Party may have arising under Section 11.12 below (Equitable Relief). Any agreements supplemental hereto shall be deemed to be “agreements supplementary to” this Agreement for purposes of Section 365(n) of the Bankruptcy Code.

Appears in 1 contract

Samples: Asset Transfer and License Agreement (89bio, Inc.)

Bankruptcy Code. If this Agreement is rejected by a Party as a debtor under Section 365 of the United States Bankruptcy Code or similar provision in the bankruptcy laws of another jurisdiction (the “Code”), then, notwithstanding anything else in this Agreement to the contrary, all licenses and rights to licenses granted under or pursuant to this Agreement by the Party in bankruptcy to the other Party are, and shall otherwise be deemed to be, for purposes of Section 365(n) of the United States Bankruptcy Code (or similar provision in the bankruptcy laws of the jurisdiction), licenses of rights to “intellectual property” as defined under Section 101(35A) of the United States Bankruptcy Code (or similar provision in the bankruptcy laws of the another applicable jurisdiction). The Parties agree that a Party that is a licensee of rights under this Agreement shall retain and may fully exercise all of its rights and elections under the Code, and that upon commencement of a bankruptcy proceeding by or against a Party under the Code, the other Party shall be entitled to a complete duplicate of, or complete access to (as such other Party deems appropriate), any such intellectual property and all embodiments of such intellectual property, if not already in such other Party’s possession, shall be promptly delivered to such other Party (a) upon any such commencement of a bankruptcy proceeding upon written request therefor by such other Party, unless the bankrupt Party elects to continue to perform all of its obligations under this Agreement or (b) if not delivered under the foregoing subclause (a) above), upon the rejection of this Agreement by or on behalf of the bankrupt Party upon written request therefor by the other Party. The foregoing provisions of this Section 11.4 15.5 are without prejudice to any rights a Party may have arising under the Code.

Appears in 1 contract

Samples: Collaboration and License Agreement (Dicerna Pharmaceuticals Inc)

Bankruptcy Code. If this Agreement is rejected by a Party as a debtor under Section 365 of the United States Bankruptcy Code or similar provision in the bankruptcy laws of another jurisdiction (the “Code”), then, notwithstanding anything else in this Agreement to the contrary, all licenses and rights to licenses granted under or pursuant to this Agreement by the Party in bankruptcy to the other Party are, and shall otherwise be deemed to be, for purposes of Section 365(n) of the United States Bankruptcy Code (or similar provision in the bankruptcy laws of the jurisdiction), licenses of rights to “intellectual property” as defined under Section 101(35A) of the United States Bankruptcy Code (or similar provision in the bankruptcy laws of the another applicable jurisdiction). The Parties agree that a Party that is a licensee of rights under this Agreement shall retain and may fully exercise all of its rights and elections under the Code, and that upon commencement of a bankruptcy proceeding by or against a Party under the Code, the other Party shall be entitled to a complete duplicate of, or complete access to (as such other Party deems appropriate), any such intellectual property and all embodiments of such intellectual property, if not already in such other Party’s possession, shall be promptly delivered to such other Party Party: (a) upon any such commencement of a bankruptcy proceeding upon written request therefor by such other Party, unless the bankrupt Party elects to continue to perform all of its obligations under this Agreement Agreement; or (b) if not delivered under the foregoing subclause (a) above), upon the rejection of this Agreement by or on behalf of the bankrupt Party upon written request therefor by the other Party. The foregoing provisions of this Section 11.4 12.5 are without prejudice to any rights a Party may have arising under the Code.

Appears in 1 contract

Samples: Collaboration and License Agreement (Centrexion Therapeutics Corp)

Bankruptcy Code. If this Agreement is rejected by a Party as a debtor under Section 365 of the United States Bankruptcy Code or similar provision in the bankruptcy laws of another jurisdiction (the “Code”), then, notwithstanding anything else in this Agreement to the contrary, all licenses and rights to licenses granted under or pursuant to this Agreement by the Party in bankruptcy to the other Party are, and shall otherwise be deemed to be, for purposes of Section 365(n) of the United States Bankruptcy Code (or similar provision in the bankruptcy laws of the jurisdiction), licenses of rights to “intellectual property” as defined under Section 101(35A) of the United States Bankruptcy Code (or similar provision in the bankruptcy laws of the another applicable jurisdiction). The Parties agree that a Party that is a licensee of rights under this Agreement shall retain and may fully exercise all of its rights and elections under the Code, and that upon commencement of a bankruptcy proceeding by or against a Party under the Code, the other Party [*] Certain information in this document has been omitted as the information is not material and would be competitively harmful if publicly disclosed. shall be entitled to a complete duplicate of, or complete access to (as such other Party deems appropriate), any such intellectual property and all embodiments of such intellectual property, if not already in such other Party’s possession, shall be promptly delivered to such other Party Party: (a) upon any such commencement of a bankruptcy proceeding upon written request therefor by such other Party, unless the bankrupt Party elects to continue to perform all of its obligations under this Agreement Agreement; or (b) if not delivered under the foregoing subclause (a) above), upon the rejection of this Agreement by or on behalf of the bankrupt Party upon written request therefor by the other Party. The foregoing provisions of this Section 11.4 13.7 are without prejudice to any rights a Party may have arising under the Code.

Appears in 1 contract

Samples: Collaboration and License Agreement (Merus N.V.)

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Bankruptcy Code. If this Agreement is rejected by a Party as a debtor under Section 365 of the United States Bankruptcy Code or similar provision in the bankruptcy laws of another jurisdiction (the “Code”), then, notwithstanding anything else in this Agreement to the contrary, all licenses All rights and rights to licenses granted under or pursuant to this Agreement by the Party in bankruptcy to the other a Party are, and shall otherwise be deemed to be, for purposes of Section 365(n) of the United States US Bankruptcy Code (or similar provision in the bankruptcy laws of the jurisdiction)Code, licenses of rights to “intellectual property” as defined under Section 101(35A) 101 of the United States US Bankruptcy Code (or similar provision in the bankruptcy laws of another jurisdiction (the jurisdiction“Code”). The Parties agree that a Party that is a each Party, as licensee of rights intellectual property under this Agreement Agreement, shall retain and may fully exercise all of its rights and elections under the Code. The Parties further agree that, and that upon commencement in the event of a rejection of this Agreement by a Party in any bankruptcy proceeding by or against a such Party under the Code, : (a) the other Party shall be entitled to a complete duplicate of, of (or complete access to (to, as such other Party deems appropriate), ) any such intellectual property and all embodiments of such intellectual property that are necessary for the other Party to practice its license to such intellectual property, which, if not already in such other Party’s possession, shall be promptly delivered to it upon its written request therefor; and (b) such Party shall not interfere with the other Party’s rights to such intellectual property, and shall assist and not interfere with such other Party in obtaining such intellectual property and such embodiments of such intellectual property from another entity. The term “embodiments” of intellectual property means all tangible embodiments of the intellectual property licensed hereunder to the extent within the license scope and shall exclude, without limitation, all inventory of applicable Products and filings with Regulatory Authorities. All rights, powers and remedies provided in this Section 12.5 are in addition to and not in substitution for any and all other rights, powers and remedies now or hereafter existing at Applicable Laws or in equity (aincluding the Code) upon any such in the event of the commencement of a bankruptcy proceeding upon written request therefor by such other Party, unless the bankrupt Party elects to continue to perform all of its obligations under this Agreement or (b) if not delivered under (a) above, upon the rejection of this Agreement by or on behalf of the bankrupt Party upon written request therefor by the other Party. The foregoing provisions of this Section 11.4 are without prejudice to any rights a Party may have arising case under the Code.

Appears in 1 contract

Samples: Research Collaboration and License Agreement (BCTG Acquisition Corp.)

Bankruptcy Code. If this Agreement is rejected by a Party as a debtor under Section 365 of the United States Bankruptcy Code or similar provision in the bankruptcy laws of another jurisdiction (the “Code”), then, notwithstanding anything else in this Agreement to the contrary, all licenses and rights to licenses granted under or pursuant to this Agreement by the Party in bankruptcy to the other Party are, and shall otherwise be deemed to be, for purposes of Section 365(n) of the United States Bankruptcy Code (or similar provision in the bankruptcy laws of the jurisdiction), licenses of rights to “intellectual property” as defined under Section 101(35A) of the United States Bankruptcy Code (or similar provision in the bankruptcy laws of the another applicable jurisdiction). The Parties agree that a Party that is a licensee of rights under this Agreement shall retain and may fully exercise all of its rights and elections under the Code, and that upon commencement of a bankruptcy proceeding by or against a Party under the Code, the other Party shall be entitled to a complete duplicate of, or complete access to (as such other Party deems appropriate), any such intellectual property to which such other Party is otherwise entitled to have access under this Agreement and all embodiments of such intellectual property, if not already in such other Party’s possession, shall be promptly delivered to such other Party Party: (a) upon any such commencement of a bankruptcy proceeding upon written request therefor by such other Party, unless the bankrupt Party elects to continue to perform all of its obligations under this Agreement Agreement; or (b) if not delivered under the foregoing subclause (a) above), upon the rejection of this Agreement by or on behalf of the bankrupt Party upon written request therefor by the other Party. The foregoing provisions of this Section 11.4 15.8 are without prejudice to any rights a Party may have arising under the Code.. WEIL:\97737446\1\59474.0121 EXECUTION VERSION

Appears in 1 contract

Samples: Development and License Agreement (Precision Biosciences Inc)

Bankruptcy Code. If this Agreement is rejected by a Party as a debtor under Section 365 of the United States Bankruptcy Code or similar provision in the bankruptcy laws of another jurisdiction (the “Code”), then, notwithstanding anything else in this Agreement to the contrary, all licenses and rights to licenses granted under or pursuant to this Agreement by the Party in bankruptcy to the other Party are, and shall otherwise be deemed to be, for purposes of Section 365(n) of the United States Bankruptcy Code (or similar provision in the bankruptcy laws of the jurisdiction), licenses of rights to “intellectual property” as defined under Section 101(35A) of the United States Bankruptcy Code (or similar provision in the bankruptcy laws of the another applicable jurisdiction). The Parties agree that a Party that is a licensee of rights under this Agreement shall retain and may fully exercise all of its rights and elections under the Code, and that upon commencement of a bankruptcy proceeding by or against a Party under the Code, the other Party shall be entitled to a complete duplicate of, or complete access to (as such other Party deems appropriate), any such intellectual property to which such other Party is otherwise entitled to have access under this Agreement and all embodiments of such intellectual property, if not already in such other Party’s possession, shall be promptly delivered to such other Party Party: (a) upon any such commencement of a bankruptcy proceeding upon written request therefor by such other Party, unless the bankrupt Party elects to continue to perform all of its obligations under this Agreement Agreement; or (b) if not delivered under the foregoing subclause (a) above), upon the rejection of this Agreement by or on behalf of the bankrupt Party upon written request therefor by the other Party. The foregoing provisions of this Section 11.4 15.8 are without prejudice to any rights a Party may have arising under the Code.

Appears in 1 contract

Samples: Development and License Agreement (Precision Biosciences Inc)

Bankruptcy Code. If this Agreement is rejected by a Party as a debtor under Section 365 of the United States U.S. Bankruptcy Code or similar provision in the bankruptcy laws of another jurisdiction (the “Code”), then, notwithstanding anything else in this Agreement to the contrary, all licenses and rights to licenses granted under or pursuant to this Agreement by the Party in bankruptcy to the other Party are, and shall otherwise be deemed to be, for purposes of Section 365(n) of the United States Bankruptcy Code (or similar provision in the bankruptcy laws of the jurisdiction), licenses of rights to “intellectual property” as defined under Section 101(35A) of the United States Bankruptcy Code (or similar provision in the bankruptcy laws of the another applicable jurisdiction). The Parties agree that a Party that is a licensee of rights under this Agreement shall retain and may fully exercise all of its rights and elections under the Code, and that upon commencement of a bankruptcy proceeding by or against a Party under the Code, the other Party shall be entitled to a complete duplicate of, or complete access to (as such other Party deems appropriate), any such intellectual property and all embodiments of such intellectual property, if not already in such other Party’s possession, shall be promptly delivered to such other Party Party: (a) upon any such commencement of a bankruptcy proceeding upon written request therefor by such other Party, unless the bankrupt Party elects to continue to perform all of its obligations under this Agreement Agreement; or (b) if not delivered under the foregoing clause (a) above), upon the rejection of this Agreement by or on behalf of the bankrupt Party upon written request therefor by the other Party. The foregoing provisions of this Section 11.4 12.8 (Bankruptcy Code) are without prejudice to any rights a Party may have arising under the Code.

Appears in 1 contract

Samples: Collaboration and License Agreement (Metagenomi Technologies, LLC)

Bankruptcy Code. If this Agreement is rejected by a The Parties shall retain and may fully exercise all of their respective rights and elections under the U.S. Bankruptcy Code. Each Party as a debtor under Section 365 of agrees that the United States Bankruptcy Code or similar provision in the bankruptcy laws of another jurisdiction (the “Code”)other Party, then, notwithstanding anything else in this Agreement to the contrary, all licenses and rights to licenses granted under or pursuant to this Agreement by the Party in bankruptcy to the other Party are, and shall otherwise be deemed to be, for purposes of Section 365(n) of the United States Bankruptcy Code (or similar provision in the bankruptcy laws of the jurisdiction), licenses of rights to “intellectual property” as defined under Section 101(35A) of the United States Bankruptcy Code (or similar provision in the bankruptcy laws of the jurisdiction). The Parties agree extent that a Party that it is a licensee of such rights under this Agreement Agreement, shall retain and may fully exercise all of its rights and elections under the U.S. Bankruptcy Code, and that upon commencement of a bankruptcy proceeding by or against a one Party under the U.S. Bankruptcy Code, the other Party shall be entitled to a complete duplicate of, of or complete access to (as such other Party deems appropriate), any such intellectual property and all embodiments of such intellectual property, if not already in provided that such other Party’s possession, Party continues to fulfill its obligations as specified herein in full. Such intellectual property and all embodiments thereof shall be promptly delivered to such the other Party (a) upon any such commencement of a bankruptcy proceeding upon written request therefor by such the other Party, unless the bankrupt Party subject to such bankruptcy proceeding elects to continue to perform all of its obligations under this Agreement or (b) if not delivered under subsection (a) above, upon the rejection of this Agreement by or on behalf of the bankrupt Party subject to such bankruptcy proceeding, upon written request therefor by the other Party. The foregoing provisions of this Section 11.4 are is without prejudice to any rights a that either Party may have arising under the CodeU.S. Bankruptcy Code or other applicable Law.

Appears in 1 contract

Samples: Strategic Alliance Agreement

Bankruptcy Code. If this Agreement is rejected by a Party as a debtor under Section 365 of the United States Bankruptcy Code or similar provision in the bankruptcy laws of another jurisdiction (the “Code”), then, notwithstanding anything else in this Agreement to the contrary, all licenses and rights to licenses granted under or pursuant to this Agreement by the Party in bankruptcy to the other Party are, and shall otherwise be deemed to be, for purposes of Section 365(n) of the United States Bankruptcy Code (or similar provision in the bankruptcy laws of the jurisdiction), licenses of rights to “intellectual property” as defined under Section 101(35A) of the United States Bankruptcy Code (or similar provision in the bankruptcy laws of the another applicable jurisdiction). The Parties agree that a Party that is a licensee of rights under this Agreement shall retain and may fully exercise all of its rights and elections under the Code, and that upon commencement of a bankruptcy proceeding by or against a Party under the Code, the other Party shall be entitled to a complete duplicate of, or complete access to (as such other Party deems appropriate), any such intellectual property and all embodiments of such intellectual property, if not already in such other Party’s possession, shall be promptly delivered to such other Party Party: (a) upon any such commencement of a bankruptcy proceeding upon written request therefor by such other Party, unless the bankrupt Party elects to continue to perform all of its obligations under this Agreement Agreement; or (b) if not delivered under the foregoing subclause (a) above), upon the rejection of this Agreement by or on behalf of the bankrupt Party upon written request therefor by the other Party. The foregoing provisions of this Section 11.4 9.12 are without prejudice to any rights a Party may have arising under the Code.

Appears in 1 contract

Samples: License Agreement (Fulcrum Therapeutics, Inc.)

Bankruptcy Code. If this Agreement is rejected by a Party as a debtor under Section 365 of the United States Bankruptcy Code or similar provision in the bankruptcy laws of another jurisdiction (the “Code”), then, notwithstanding anything else in this Agreement to the contrary, all licenses and rights to licenses granted under or pursuant to this Agreement by the Party in bankruptcy to the other Party are, and shall otherwise be deemed to be, for purposes of Section 365(n) of the United States Bankruptcy Code (or similar provision in the bankruptcy laws of the jurisdiction), licenses of rights to “intellectual property” as defined under Section 101(35A) of the United States Bankruptcy Code (or similar provision in the bankruptcy laws of the jurisdiction). The Parties agree that a Party that is a licensee of such rights under this Agreement shall retain and may fully exercise all of its rights and elections under the U.S. Bankruptcy Code, and that upon commencement of a bankruptcy proceeding by or against a the licensing Party (such Party, the “Involved Party”) under the U.S. Bankruptcy Code, the other Party (such Party, the “Noninvolved Party”) shall be entitled to a complete duplicate of, of or complete access to (as such other Noninvolved Party deems appropriate), any such intellectual property and all embodiments of such intellectual property, if not already provided the Noninvolved Party continues to fulfill its payment or royalty obligations as specified herein in such other Party’s possession, full. Such intellectual property and all embodiments thereof shall be promptly delivered to such other the Noninvolved Party (a) upon any such commencement of a bankruptcy proceeding upon written request therefor therefore by such other the Noninvolved Party, unless the bankrupt Involved Party elects to continue to perform all of its obligations under this Agreement or (b) if not delivered under (a) above, upon the rejection of this Agreement by or on behalf of the bankrupt Involved Party upon written request therefor by the other Noninvolved Party. The foregoing provisions of this Section 11.4 are is without prejudice to any rights a the Noninvolved Party may have arising under the CodeU.S. Bankruptcy Code or other applicable law.

Appears in 1 contract

Samples: Mudelta Master Services Agreement

Bankruptcy Code. If this Agreement is rejected by a Party as a debtor under Section 365 of the United States Bankruptcy Code or similar provision in the bankruptcy laws of another jurisdiction (the "Code"), then, notwithstanding anything else in this Agreement to the contrary, all licenses and rights to licenses granted under or pursuant to this Agreement by the Party in bankruptcy to the other Party are, and shall otherwise be deemed to be, for purposes of Section 365(n) of the United States Bankruptcy Code (or similar provision in the bankruptcy laws of the jurisdiction), licenses of rights to "intellectual property" as defined under Section 101(35A) of the United States Bankruptcy Code (or similar provision in the bankruptcy laws of the jurisdiction). The Parties agree that a Party that is a licensee of rights under this Agreement shall retain and may fully exercise all of its rights and elections under the Code, and that upon commencement of a bankruptcy proceeding by or against a Party under the Code, the other Party shall be entitled to a complete duplicate of, or complete access to (as such other Party deems appropriate), any such intellectual property and all embodiments of such intellectual property, if not already in such other Party’s 's possession, shall be promptly delivered to such other Party (a) upon any such commencement of a bankruptcy proceeding upon written request therefor by such other Party, unless the bankrupt Party elects to continue to perform all of its obligations under this Agreement or (b) if not delivered under (a) above, upon the rejection of this Agreement by or on behalf of the bankrupt Party upon written request therefor by the other Party. The foregoing provisions of this Section 11.4 3.6 are without prejudice to any rights a Party may have arising under the Code.. ARTICLE 4

Appears in 1 contract

Samples: Collaboration Agreement (Checkpoint Therapeutics, Inc.)

Bankruptcy Code. If this Agreement is rejected by a Party as a debtor under Section 365 of the United States Bankruptcy Code or similar provision in the bankruptcy laws of another jurisdiction (the “Code”), then, notwithstanding anything else in this Agreement to the contrary, all licenses and rights to licenses granted under or pursuant to this Agreement by the Party in bankruptcy to the other Party are, and shall otherwise be deemed to be, for purposes of Section 365(n) of the United States Bankruptcy Code (or similar provision in the bankruptcy laws of the jurisdiction), licenses of rights to “intellectual property” as defined under Section 101(35A) of the United States Bankruptcy Code (or similar provision in the bankruptcy laws of the another applicable jurisdiction). The Parties agree that a Party that is a licensee of rights under this Agreement shall retain and may fully exercise all of its rights and elections under the Code, and that upon commencement of a bankruptcy proceeding by or against a Party under the Code, the other Party shall be entitled to a complete duplicate of, or complete access to (as such other Party deems appropriate), any such intellectual property to which such other Party is otherwise entitled to have access under this Agreement and all embodiments of such intellectual property, if not already in such other Party’s possession, shall be promptly delivered to such other Party Party: (a) upon any such commencement of a bankruptcy proceeding upon written request therefor by such other Party, unless the bankrupt Party elects to continue to perform all of its obligations under this Agreement Agreement; or (b) if not delivered under the foregoing subclause (a) above), upon the rejection of this Agreement by or on behalf of the bankrupt Party upon written request therefor by the other Party. [***]. The foregoing provisions of this Section 11.4 13.7 are without prejudice to any rights a Party may have arising under the Code.

Appears in 1 contract

Samples: License Agreement (Tg Therapeutics, Inc.)

Bankruptcy Code. If this Agreement is rejected by a Party as a debtor under Section 365 of the United States Bankruptcy Code or similar provision in the bankruptcy laws of another jurisdiction (the “Code”), then, notwithstanding anything else in this Agreement to the contrary, all licenses and rights to licenses granted under or pursuant to this Agreement by the Party in bankruptcy to the other Party are, and shall otherwise be deemed to be, for purposes of Section 365(n) of the United States Bankruptcy Code (or similar provision in the bankruptcy laws of the jurisdiction), licenses of rights to “intellectual property” as defined under Section 101(35A) of the United States Bankruptcy Code (or similar provision in the bankruptcy laws of the jurisdiction). The Parties agree that a Party that is a licensee the Parties, as licensees of such rights under this Agreement Agreement, shall retain and may fully exercise all of its their rights and elections under the CodeU.S. Bankruptcy Code or any analogous provisions in any other country or jurisdiction. The Parties further agree that, and that upon in the event of the commencement of a bankruptcy proceeding by or against a either Party under the CodeU.S. Bankruptcy Code or any analogous provisions in any other country or jurisdiction, the other Party hereto that is not a Party to such proceeding shall be entitled to a complete duplicate of, of (or complete access to (to, as such other Party deems appropriate), ) any such intellectual property and all embodiments of such intellectual property, which, if not already in such other the non-subject Party’s possession, shall be promptly delivered to such other Party it (a) upon any such commencement of a bankruptcy proceeding upon the non-subject Party’s written request therefor by such other Partytherefor, unless the bankrupt Party subject to such proceeding elects to continue to perform all of its obligations under this Agreement or (b) if not delivered under clause (a) above, upon following the rejection of this Agreement by or on behalf of the bankrupt Party subject to such proceeding upon written request therefor by the other non-subject Party. The foregoing Parties acknowledge and agree that payments made pursuant to the Supply Agreements shall not (x) constitute royalties within the meaning of Section 365(n) of the U.S. Bankruptcy Code or any analogous provisions in any other country or jurisdiction or (y) relate to licenses of this Section 11.4 are without prejudice to any rights a Party may have arising under the Codeintellectual property hereunder.

Appears in 1 contract

Samples: Manufacturing and Supply Agreement (Salix Pharmaceuticals LTD)

Bankruptcy Code. If this Agreement is rejected by a Party as a debtor under Section 365 of the United States Bankruptcy Code or similar provision in the bankruptcy laws of another jurisdiction (the “Code”), then, notwithstanding anything else in this Agreement to the contrary, all licenses and rights to licenses granted under or pursuant to this Agreement by the Party in bankruptcy to the other Party are, and shall otherwise be deemed to be, for purposes of Section 365(n) of the United States Bankruptcy Code (or similar provision in the bankruptcy laws of the jurisdiction), licenses of rights to “intellectual property” as defined under Section 101(35A) of the United States Bankruptcy Code (or similar provision in the bankruptcy laws of the another applicable jurisdiction). The Parties agree that a Party that is a licensee of rights under this Agreement shall retain and may fully exercise all of its rights and elections under the Code, and that upon commencement of a bankruptcy proceeding by or against a Party under the Code, the other Party shall be entitled to a complete duplicate of, or complete access to (as such other Party deems appropriate), any such intellectual property to which such other Party is otherwise entitled to have access under this Agreement and all embodiments of such intellectual property, if not already in such other Party’s possession, shall be promptly delivered to such other Party Party: (a) upon any such commencement of a bankruptcy proceeding upon written request therefor by such other Party, unless the bankrupt Party elects to continue to perform all of its obligations under this Agreement Agreement; or (b) if not delivered under the foregoing subclause (a) above), upon the rejection of this Agreement by or on behalf of the bankrupt Party upon written request therefor by the other Party. The foregoing provisions of this Section 11.4 15.9 are without prejudice to any rights a Party may have arising under the Code.

Appears in 1 contract

Samples: Collaboration and License Agreement (Precision Biosciences Inc)

Bankruptcy Code. If this Agreement is rejected by a Party as a debtor under Section 365 of the United States Bankruptcy Code or similar provision in the bankruptcy laws of another jurisdiction (the “Code”), then, notwithstanding anything else in this Agreement to the contrary, all licenses All rights and rights to licenses granted under or pursuant to this License Agreement by the Party in bankruptcy to the other Party are, and shall otherwise be deemed to be, for purposes of Section 365(n) of Title 11 of the United States Code and other similar laws in any jurisdiction outside the U.S. (collectively, the "Bankruptcy Code (or similar provision in the bankruptcy laws of the jurisdictionLaws"), licenses of rights to be "intellectual property" as defined under Section 101(35A) the Bankruptcy Laws. If a case is commenced during the term of the United States Bankruptcy Code (or similar provision in the bankruptcy laws of the jurisdiction). The Parties agree that a Party that is a licensee of rights under this License Agreement shall retain and may fully exercise all of its rights and elections under the Code, and that upon commencement of a bankruptcy proceeding by or against a Party under the CodeBankruptcy Laws then, unless and until this License Agreement is rejected as provided in such Bankruptcy Laws, such Party (in any capacity, including debtor-in-possession) and its successors and assigns (including a trustee) shall perform all of the obligations provided in this License Agreement to be performed by such Party. If a case is commenced during the term of this License Agreement by or against a Party under the Bankruptcy Laws, this License Agreement is rejected as provided in the Bankruptcy Laws and the other Party elects to retain its rights hereunder as provided in the Bankruptcy Laws, then the Party subject to such case under the Bankruptcy Laws (in any capacity, including debtor-in-possession) and its successors and assigns (including a Title 11 trustee), shall be entitled provide to a complete duplicate of, or complete access to (as the other Party copies of all Information necessary for such other Party deems appropriate)to prosecute, any such intellectual property maintain and all embodiments enjoy its rights under the terms of such intellectual property, if not already in this License Agreement promptly upon such other Party’s possession's written request therefore. All rights, shall be promptly delivered powers and remedies of the non-bankrupt Party as provided herein are in addition to such and not in substitution for any and all other Party rights, powers and remedies now or hereafter existing at law or in equity (aincluding the Bankruptcy Laws) upon any such in the event of the commencement of a bankruptcy proceeding upon written request therefor by such other Party, unless the bankrupt Party elects to continue to perform all of its obligations under this Agreement or (b) if not delivered under (a) above, upon the rejection of this Agreement case by or on behalf of the bankrupt Party upon written request therefor by the other Party. The foregoing provisions of this Section 11.4 are without prejudice to any rights against a Party may have arising under the CodeBankruptcy Laws.

Appears in 1 contract

Samples: Development and Option Agreement (Zogenix, Inc.)

Bankruptcy Code. If this Agreement is rejected by a Party as a debtor under Section 365 of the United States Bankruptcy Code or similar provision in the bankruptcy laws of another jurisdiction (the “Code”), then, notwithstanding anything else in this Agreement to the contrary, all licenses and rights to licenses granted under or pursuant to this Agreement by the Party in bankruptcy to the other Party are, and shall otherwise be deemed to be, for purposes of Section 365(n) of the United States Bankruptcy Code (or similar provision in the bankruptcy laws of the jurisdiction), licenses of rights to “intellectual property” as defined under Section 101(35A) of the United States Bankruptcy Code (or similar provision in the bankruptcy laws of the jurisdiction). The Parties agree that a Party that is a licensee of rights under this Agreement the Parties shall retain and may fully exercise all of its their rights and elections under the CodeU.S. Bankruptcy Code and any foreign counterpart thereto. Without limiting the Parties’ rights under Section 365(n) of Title 11, and that upon commencement of if a bankruptcy proceeding case under Title 11 is commenced by or against a Party under the Codeeither Party, the other Party shall be entitled to a complete duplicate of, or complete access to (as such other Party deems appropriate), copy of any and all such intellectual property and all embodiments of such intellectual property, and the same, if not already in the possession of such other Party’s possession, shall be promptly delivered to such other Party it: (a) upon any before this Agreement is rejected by or on behalf of such commencement of a bankruptcy proceeding upon written request therefor by Party, within [**] after such other Party’s written request, unless the bankrupt Party such Party, or its trustee or receiver, elects within [**] to continue to perform all of its obligations under this Agreement Agreement; or (b) if not delivered under (a) above, upon the after any rejection of this Agreement by or on behalf of such Party, if not previously delivered as provided under clause (a) above (any such event described in clause (a) or (b) above, and occurring while such Title 11 case is pending, being a “Delivery Event”). All rights of the bankrupt Party upon written request therefor by the other Party. The foregoing provisions of Parties under this Section 11.4 5.7 and under Section 365(n) of Title 11 are without prejudice in addition to and not in substitution of any rights a and all other rights, powers, and remedies that each Party may have arising under this Agreement, Title 11, and any other applicable Laws. The Parties agree that they intend the Code.foregoing rights to extend to the maximum extent permitted by Law and any provisions of applicable contracts with Third Parties, including for purposes of Title 11: (x) the right of access to any intellectual property (including all embodiments thereof) of Voyager or Neurocrine, as applicable, or any Third-Party with whom Voyager or Neurocrine contracts to perform an obligation of Voyager or Neurocrine under this Agreement, and, in the case of the Third-Party, that is necessary for the Development and Manufacture of Collaboration Candidates or Products; and (y) the right to contract directly with any Third-Party described in clause (x) in this sentence to complete the contracted work, provided however, that in each case such rights shall be subject to the confidentiality obligations contemplated by this Agreement. If a bankruptcy proceeding is commenced by or against Voyager, notwithstanding anything to the contrary in ARTICLE 10, Neurocrine may, to the maximum extent permitted by Law, take appropriate actions in connection with the filing, prosecution, maintenance and enforcement of any Voyager Patent Rights licensed to Neurocrine under this Agreement to the extent that Voyager is required or has

Appears in 1 contract

Samples: Collaboration and License Agreement (Neurocrine Biosciences Inc)

Bankruptcy Code. If this Agreement is rejected by a Party as a debtor under Section 365 of the United States Bankruptcy Code or similar provision in the bankruptcy laws of another jurisdiction (the "Code"), then, notwithstanding anything else in this Agreement to the contrary, all licenses and rights to licenses granted under or pursuant to this Agreement by the Party in bankruptcy to the other Party are, and shall otherwise be deemed to be, for purposes of Section 365(n) of the United States Bankruptcy Code (or similar provision in the bankruptcy laws of the jurisdiction), licenses of rights to "intellectual property" as defined under Section 101(35A) of the United States Bankruptcy Code (or similar provision in the bankruptcy laws of the jurisdiction). The Parties agree that a Party that is a licensee of rights under this Agreement shall retain and may fully exercise all of its rights and elections under the Code, and that upon commencement of a bankruptcy proceeding by or against a Party under the Code, the other Party shall be entitled to a complete duplicate of, or complete access to (as such other Party deems appropriate), any such intellectual property and all embodiments of such intellectual property, if not already in such other Party’s 's possession, shall be promptly delivered to such other Party (a) upon any such commencement of a bankruptcy proceeding upon written request therefor by such other Party, unless the bankrupt Party elects to continue to perform all of its obligations under this Agreement or (b) if not delivered under (a) above, upon the rejection of this Agreement by or on behalf of the bankrupt Party upon written request therefor by the other Party. The foregoing provisions of this Section 11.4 3.6 are without prejudice to any rights a Party may have arising under the Code.

Appears in 1 contract

Samples: Collaboration Agreement (Leap Therapeutics, Inc.)

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