Common use of Certain Changes in Control Clause in Contracts

Certain Changes in Control. Notwithstanding any other provision of this Agreement to the contrary, the license and other rights granted pursuant to Article 2 shall automatically terminate, without further action by the parties, in the event of (a) a transaction or series of related transactions in which [*] is a party and which results in a Change of Control of DYAX, or (b) a transaction or series of related transactions in which DYAX is a party and which results in a Change in Control of a person or entity described in clause (a) above.

Appears in 3 contracts

Samples: License Agreement (Xoma LTD /De/), License Agreement (Dyax Corp), License Agreement (Xoma LTD /De/)

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Certain Changes in Control. Notwithstanding any other provision of this Agreement to the contrary, the license and other rights granted pursuant to Article Articles 2 and 3 shall automatically terminate, without further action by the parties, in the event of (a) a transaction or series of related transactions in which [*] is a party and which results in a Change of Control of DYAXDIVERSA, or (b) a transaction or series of related transactions in which DYAX DIVERSA is a party and which results in a Change in Control of a person or entity described in clause (a) above.

Appears in 2 contracts

Samples: License Agreement (Xoma LTD /De/), License Agreement (Xoma LTD /De/)

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Certain Changes in Control. Notwithstanding any other provision of this Agreement to the contrary, the license and other rights granted pursuant to Article 2 shall automatically terminate, without further action by the parties, in the event of (a) a transaction or series of related transactions in which [*****] is a party and which results in a Change of Control of DYAX, or (b) a transaction or series of related transactions in which DYAX is a party and which results in a Change in Control of a person or entity described in clause (a) above.

Appears in 1 contract

Samples: License Agreement (Dyax Corp)

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