Common use of Bankruptcy Rights Clause in Contracts

Bankruptcy Rights. In the event that this Agreement is terminated or rejected by a Party or its receiver or trustee under applicable bankruptcy laws due to such Party's bankruptcy, then all rights and licenses granted under or pursuant to this Agreement by such Party to the other Party are, and shall otherwise be deemed to be, for purposes of Section 365(n) of the Bankruptcy Code and any similar law or regulation in any other country, licenses of rights to "intellectual property" as defined under Section 101(52) of the Bankruptcy Code. The Parties agree that all intellectual property rights licensed hereunder, including without limitation any patents or patent applications in any country of a Party covered by the license grants under this Agreement, are part of the "intellectual property" as defined under Section 101(52) of the Bankruptcy Code subject to the protections afforded the non-terminating Party under Section 365(n) of the Bankruptcy Code, and any similar law or regulation in any other country.

Bankruptcy Rights. In the event that this Agreement is terminated or rejected by a Party or its receiver or trustee under applicable bankruptcy laws due to such Party's bankruptcy, then all rights and licenses granted under or pursuant to this Agreement by such Party to the other Party are, and shall otherwise be deemed to be, for purposes of Section 365(n) of the Bankruptcy Code and any similar law or regulation in any other country, licenses of rights to "intellectual property" as defined under Section 101(52) of the Bankruptcy Code. The Parties agree that all intellectual property rights licensed hereunder, including without limitation any patents or patent applications of a Party in any country of a Party covered by the license grants under this Agreement, are part of the "intellectual property" as defined under Section 101(52) of the Bankruptcy Code subject to the protections afforded the non-terminating Party under Section 365(n) of the Bankruptcy Code, and any similar law or regulation in any other country.

Bankruptcy Rights. In the event that this Agreement is terminated or rejected by a Party or its receiver or trustee under applicable bankruptcy laws due to such Party's ’s bankruptcy, then all rights and licenses granted under or pursuant to this Agreement by such Party to the other Party are, and shall otherwise be deemed to be, for purposes of Section 365(n) of the Bankruptcy Code and any similar law or regulation in any other country, licenses of rights to "“intellectual property" ” as defined under Section 101(52) of the Bankruptcy Code. The Parties agree that all intellectual property rights licensed hereunder, including without limitation any patents or patent applications of a Party in any country of a Party covered by the license grants under this Agreement, are part of the "“intellectual property" ” as defined under Section 101(52) of the Bankruptcy Code subject to the protections afforded the non-terminating Party under Section 365(n) of the Bankruptcy Code, and any similar law or regulation in any other country.

Bankruptcy Rights. In the event that this Agreement is terminated or rejected by a Party DiaTex or its receiver or trustee under applicable bankruptcy laws due to such Party's DiaTex’s bankruptcy, then all rights and licenses granted under or pursuant to this Agreement by such Party DiaTex to the other Party Metabolex are, and shall otherwise be deemed to be, for purposes of Section 365(n) of the Bankruptcy Code and any similar law or regulation in any other country, licenses of rights to "“intellectual property" ” as defined under Section 101(52) of the Bankruptcy Code. The Parties agree that all intellectual property rights licensed hereunder, including without limitation any patents or patent applications in any country of a Party DiaTex covered by the license grants under this Agreement, are part of the "“intellectual property" ” as defined under Section 101(52) of the Bankruptcy Code subject to the protections afforded the non-terminating Party Metabolex under Section 365(n) of the Bankruptcy Code, and any similar law or regulation in any other country.

Bankruptcy Rights. In the event that this Agreement is terminated or rejected by a Party or its receiver or trustee under applicable bankruptcy laws due to such Party's ’s bankruptcy, then all rights and licenses granted under or pursuant to this Agreement by such Party to the other Party are, and shall otherwise be deemed to be, for purposes of Section 365(n) of the Bankruptcy Code and any similar law or regulation in any other country, licenses of rights to "“intellectual property" ” as defined under Section 101(52) of the Bankruptcy Code. The Parties agree that all intellectual property rights licensed hereunder, including without limitation any patents or patent applications in any country of a Party covered by the license grants under this Agreement, are part of the "“intellectual property" ” as defined under Section 101(52) of the Bankruptcy Code subject to the protections afforded the non-terminating Party under Section 365(n) of the Bankruptcy Code, and any similar law or regulation in any other country.

Bankruptcy Rights. In the event that this Agreement is terminated or rejected by a Party or its receiver or trustee under applicable bankruptcy laws due to such Party's bankruptcy, ’s bankruptcy then all rights and licenses granted under or pursuant to this Agreement by such Party to the other Party are, and shall otherwise be deemed to be, for purposes of Section 365(n) of the Bankruptcy Code United States bankruptcy code and any similar law or regulation in any other country, licenses of rights to "“intellectual property" ” as defined under Section 101(52) of the Bankruptcy CodeUnited States bankruptcy code. The Parties agree that all intellectual property rights licensed hereunder, including without limitation limitation, any patents or patent applications of a Party in any country of a Party covered by the license grants under this Agreement, are part of the "“intellectual property" ” as defined under Section 101(52) of the Bankruptcy Code United States bankruptcy code subject to the protections afforded the non-terminating Party under the Section 365(n) of the Bankruptcy CodeUnited States bankruptcy code, and any similar law or regulation in any other country.

Bankruptcy Rights. In the event that this Agreement is terminated or rejected by a Party or its receiver or trustee under applicable bankruptcy laws due to such Party's ’s bankruptcy, then all rights and licenses granted under or pursuant to this Agreement by such Party to the other Party are, and shall otherwise be deemed to be, for purposes of Section 365(n) of the Bankruptcy Code and any similar law or regulation in any other country, licenses of rights to "“intellectual property" ” as defined under Section 101(52) of the Bankruptcy Code. The Parties agree that all intellectual property rights licensed hereunder, including without limitation limitation, any patents or patent applications of a Party in any country of a Party covered by the license grants under this Agreement, are part of the "“intellectual property" ” as defined under Section 101(52) of the Bankruptcy Code subject to the protections afforded the non-terminating Party under the Section 365(n) of the Bankruptcy Code, and any similar law or regulation in any other country.

Bankruptcy Rights. In the event that this Agreement is terminated or rejected by a Party or its receiver or trustee under any applicable bankruptcy laws due to such Party's bankruptcy, ’s bankruptcy then all rights and licenses granted under or pursuant to this Agreement by such Party to the other Party are, and shall otherwise be deemed to be, for purposes of Section 365(n) of the Bankruptcy Code United States bankruptcy code and any similar law or regulation in any other country, licenses of rights to "“intellectual property" ” as defined under Section 101(52) of the Bankruptcy CodeUnited States bankruptcy code. The Parties agree that all intellectual property rights licensed hereunder, including without limitation limitation, any patents or patent applications of a Party in any country of a Party covered by the license grants under this Agreement, are part of the "“intellectual property" ” as defined under Section 101(52) of the Bankruptcy Code United States bankruptcy code subject to the protections afforded the non-terminating Party under the Section 365(n) of the Bankruptcy CodeUnited States bankruptcy code, and any similar law or regulation in any other country.