Common use of Early Termination by Company Clause in Contracts

Early Termination by Company. Company may terminate this Agreement at any time effective upon completion of each of the following conditions: (a) providing at least sixty (60) days prior written notice to Penn of such intention to terminate; (b) ceasing to make, have made, use, import, offer for sale and sell all Licensed Products on which royalties would be due Penn hereunder; (c) terminating all sublicenses and causing all Affiliates and sublicensees to cease making, having made, using, importing, offering for sale and selling all such Licensed Products, subject to Section 6.8; and (d) paying all amounts owed to Penn under this Agreement and the Other Agreements through the effective date of termination.

Appears in 6 contracts

Samples: Patent License Agreement, Patent License Agreement, Patent License Agreement (Aegerion Pharmaceuticals, Inc.)

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Early Termination by Company. Company may terminate this Agreement at any time effective upon completion of each of the following conditions: (a) providing at least sixty (60) days prior written notice to Penn of such intention to terminate; (b) ceasing to make, have made, use, import, offer for sale and sell all Licensed Products on which royalties would be due Penn hereunderand Other Licensed Products, except to the extent permitted under Section 6.6; (c) terminating all sublicenses and causing all Affiliates and sublicensees to cease making, having made, using, importing, offering for sale and selling all such Licensed Products and Other Licensed Products, subject except to the extent permitted under Section 6.86.6; and (d) paying all amounts owed to Penn under this Agreement and the Other Agreements through the effective date of termination.

Appears in 3 contracts

Samples: Stockholders Agreement, Stockholders Agreement (Apellis Pharmaceuticals, Inc.), Stockholders Agreement (Apellis Pharmaceuticals, Inc.)

Early Termination by Company. Company may terminate this Agreement at any time effective upon completion of each of the following conditions: (a) providing at least sixty (60) days prior written notice to Penn of such intention to terminate; (b) ceasing to make, have made, use, import, offer for sale and sell all Licensed Products on which royalties would be due Penn hereunderand Other Licensed Products except to the extent permitted under Section 6.6; (c) terminating all sublicenses and causing all Affiliates and sublicensees to cease making, having made, using, importing, offering for sale and selling all such Licensed Products and Other Licensed Products, subject except to the extent permitted under Section 6.86.6; and (d) paying all amounts owed to Penn under this Agreement and the Other Agreements through the effective date of termination.

Appears in 3 contracts

Samples: Patent License Agreement, Patent License Agreement (Apellis Pharmaceuticals, Inc.), Patent License Agreement (Apellis Pharmaceuticals, Inc.)

Early Termination by Company. Company may terminate this Agreement at any time effective upon completion of each of the following conditions: (a) providing at least sixty (60) days days’ prior written notice to Penn of such intention to terminate; (b) ceasing to make, have made, use, import, offer for sale and sell all Licensed Products on which royalties would be due Penn hereunderProducts; (c) terminating all sublicenses and causing all Affiliates and sublicensees to cease making, having made, using, importing, offering for sale and selling all such Licensed Products, subject to Section 6.8; and (d) paying all amounts then owed to Penn Penn, as applicable, under this Agreement and the Other Agreements any Sponsored Research Agreement between Company, through the effective date of termination.

Appears in 3 contracts

Samples: Patent License Agreement, Adoption Agreement (Spark Therapeutics, Inc.), Adoption Agreement (Spark Therapeutics, Inc.)

Early Termination by Company. Company may terminate this Agreement at any time effective upon completion of each of the following conditions: (a) providing at least sixty (60) days days’ prior written notice to Penn after completing each of such intention to terminate; the following: (ba) ceasing to make, have made, use, import, sell and offer for sale and sell all Licensed Products on which royalties would be due Penn hereunderProducts; (cb) terminating all sublicenses and causing all Affiliates and sublicensees to cease making, having made, using, importing, selling and offering for sale and selling all such Licensed Products, subject to Section 6.8; and (dc) paying all amounts owed to Penn under this Agreement and the Other Agreements any sponsored research agreement through the effective date of termination.

Appears in 2 contracts

Samples: License Agreement (eXegenics Inc), License Agreement (eXegenics Inc)

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Early Termination by Company. Company may terminate this Agreement at any time effective upon completion of each of the following conditions: (a) providing at least sixty (60) days prior written notice to Penn after completing each of such intention to terminate; the following: (ba) ceasing to make, have made, use, import, sell and offer for sale and sell all Licensed Products on which royalties would be due Penn hereunderProducts; (cb) terminating all sublicenses and causing all Affiliates and sublicensees to cease making, having made, using, importing, selling and offering for sale and selling all such Licensed Products, subject to Section 6.8; and (dc) paying all amounts owed to Penn under this Agreement and the Other Agreements through the effective date of termination.

Appears in 1 contract

Samples: License Agreement (Neose Technologies Inc)

Early Termination by Company. Company may terminate this Agreement at any time effective upon completion of each of the following conditions: (a) providing at least sixty (60) days prior written notice to Penn of such intention to terminate; (b) ceasing to make, have made, use, import, offer for sale and sell all Licensed Products on which royalties would be due Penn hereunderProducts; (c) terminating all sublicenses and causing all Affiliates and sublicensees to cease making, having made, using, importing, offering for sale and selling all such Licensed Products, subject to Section 6.8; and (d) paying all amounts owed to Penn under this Agreement and the Other Agreements Sponsored Research Agreement through the effective date of termination.

Appears in 1 contract

Samples: Patent License Agreement (Nupathe Inc.)

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