Conditions to Assumption. No election by any party, or any successor-in-interest to such party, to assume this Agreement as contemplated by paragraph (a) above shall be effective unless each of the following conditions, each of which each party acknowledges is commercially reasonable in the context of a bankruptcy or similar proceeding, has been satisfied by such party and each of the other parties has acknowledged such satisfaction in writing:
Appears in 5 contracts
Samples: Patent License Agreement (MIGENIX Inc.), Patent License Agreement (Apollo Biopharmaceutics Inc), Patent License Agreement (Apollo Biopharmaceutics Inc)
Conditions to Assumption. No election by any party, or any successor-in-in- interest to such party, to assume this Agreement as contemplated by paragraph Section (a) above shall be effective unless each of the following conditions, each of which each party acknowledges is commercially reasonable in the context of a bankruptcy or similar proceeding, has been satisfied by such party and each of the other parties has acknowledged such satisfaction in writing:
Appears in 4 contracts
Samples: Note (Ixion Biotechnology Inc), Preamble (Ixion Biotechnology Inc), Note (Ixion Biotechnology Inc)
