Disputed Breach. If the alleged breaching Party disputes in good faith the existence or materiality of a breach specified in a notice provided by the other Party in accordance with Section 12.3(a), and such alleged breaching Party provides the other Party notice of such dispute within such sixty (60)-day period, then the non-breaching Party shall not have the right to terminate this Agreement under Section 12.3(a) unless and until the arbitrators, in accordance with Article 13 (Governing Law; Dispute Resolution), have determined that the alleged breaching Party has materially breached this Agreement and such Party fails to cure such breach within sixty (60) days following such arbitrators’ decision. It is understood and agreed that during the pendency of such dispute, all of the terms and conditions of this Agreement shall remain in effect and the Parties shall continue to perform all of their respective obligations hereunder.
Appears in 3 contracts
Samples: Option and License Agreement (Aptose Biosciences Inc.), Option and License Agreement (Aptose Biosciences Inc.), Option and License Agreement
Disputed Breach. If the alleged breaching Party disputes in good faith the existence or materiality of a breach specified in a notice provided by the other Party in accordance with Section 12.3(a13.3(a), and such alleged breaching Party provides the other Party notice of such dispute within such sixty (60)-day period, then the non-breaching Party shall not have the right to terminate this Agreement under Section 12.3(a13.3(a) unless and until the arbitratorsa court, in accordance with Article 13 (Governing Law; Dispute Resolution)14, have has determined that the alleged breaching Party has materially breached this Agreement and that such Party fails to cure such breach within sixty (60) days following such arbitrators’ decision. It is understood and agreed that during During the pendency of such dispute, all of the terms and conditions of this Agreement shall remain in effect and the Parties shall continue to perform all of their respective obligations hereunder.
Appears in 2 contracts
Samples: Exclusive License Agreement (Allarity Therapeutics, Inc.), Exclusive License Agreement (Allarity Therapeutics, Inc.)
Disputed Breach. If the alleged breaching Party disputes in good faith the existence or materiality of a breach specified in a notice provided by the other Party in accordance with Section 12.3(a10.3(a), and such alleged breaching Party provides the other Party notice of such dispute within such sixty (60)-day period, then the non-breaching Party shall not have the right to terminate this Agreement under Section 12.3(a10.3(a) unless and until the arbitrators, in accordance with Article 13 11 (Governing Law; Dispute Resolution), have determined that the alleged breaching Party has materially breached this Agreement and such Party fails to cure such breach within sixty (60) days following such arbitrators’ decision. It is understood and agreed that during the pendency of such dispute, all of the terms and conditions of this Agreement shall remain in effect and the Parties shall continue to perform all of their respective obligations hereunder.
Appears in 1 contract
Disputed Breach. If the alleged breaching Party disputes in good faith the existence or materiality of a breach specified in a notice provided by the other non-breaching Party in accordance with pursuant to Section 12.3(a7.2(a), and such alleged the breaching Party provides notice to the other non-breaching Party notice of such dispute within such sixty (60)-day 90-day period, then the non-breaching Party shall not have the right to terminate this Agreement under Section 12.3(a) unless and until the arbitrators, existence of such material breach or failure by the breaching Party has been determined in accordance with Article 13 (Governing Law; Dispute Resolution), have determined that Section 8.5 and the alleged breaching Party has materially breached this Agreement and such Party fails to cure such breach within sixty ninety (6090) days following such arbitrators’ decisiondetermination. It is understood and agreed that during the pendency of such a dispute, all of the terms and conditions of this Agreement shall remain in effect and the Parties shall continue to perform all of their respective obligations hereunder.
Appears in 1 contract
Samples: Warrant Purchase Agreement (Poniard Pharmaceuticals, Inc.)
Disputed Breach. If the alleged breaching Party disputes in good faith the existence or materiality of a breach specified in a notice provided by the other Party in accordance with Section 12.3(a13.3(a) (Breach), and such alleged breaching Party provides the other Party notice of such dispute within such sixty (60)-day period, then the non-breaching Party shall not have the right to terminate this Agreement under Section 12.3(a13.3(a) (Breach) unless and until the arbitrators, in accordance with Article 13 14 (Governing Law; Dispute Resolution), have has determined that the alleged breaching Party has materially breached this Agreement and that such Party fails to cure such breach within sixty (60) [***]days following such arbitrators’ decision. It is understood and agreed that during During the pendency of such dispute, all of the terms and conditions of this Agreement shall remain in effect and the Parties shall continue to perform all of their respective obligations hereunder.
Appears in 1 contract
Samples: Exclusive License and Collaboration Agreement (Kindred Biosciences, Inc.)
Disputed Breach. If the alleged breaching Party disputes in good faith the existence or materiality of a breach specified in a notice provided by the other Party in accordance with Section 12.3(a)0, and such alleged breaching Party provides the other Party notice of such dispute within such sixty (60)-day [***]-day period, then the non-breaching Party shall not have the right to terminate this Agreement under Section 12.3(a) 0 unless and until the arbitrators, in accordance with Article 13 (Governing Law; Dispute Resolution)0, have has determined that the alleged breaching Party has materially breached this Agreement and that such Party fails to cure such breach within sixty (60) [***] days following such arbitrators’ decision. It is understood and agreed that during During the pendency of such dispute, all of the terms and conditions of this Agreement shall remain in effect and the Parties shall continue to perform all of their respective obligations hereunder.
Appears in 1 contract
Samples: Exclusive License Agreement (Verrica Pharmaceuticals Inc.)
Disputed Breach. If the alleged breaching Party disputes in good faith the existence or materiality of a breach specified in a notice provided by the other Party in accordance with Section 12.3(a)9.3.1, and such alleged breaching Party provides the other Party notice of such dispute within such sixty (60)-day 60-day period, then the non-breaching Party shall not have the right to terminate this Agreement under Section 12.3(a) 9.3.1 unless and until the arbitratorsuntil, in accordance with Article 13 (Governing Law; Dispute Resolution)Section 12.1, have it is determined that the alleged breaching Party has materially breached this the Agreement and that such Party fails failed to cure such breach within sixty (60) 60 days following such arbitrators’ decisionthe notice provided in accordance with Section 9.3.1. It is understood and agreed that during the pendency of such dispute, all of the terms and conditions of this Agreement shall remain in effect and the Parties shall continue to perform all of their respective obligations obligations, and shall continue to have all of their respective rights, hereunder.
Appears in 1 contract
Samples: License and Development Agreement (Iris Parent Holding Corp.)