Common use of Effect of Failure Clause in Contracts

Effect of Failure. In the event that GI determines that COMPANY or any of its SUBLICENSEES has failed to fulfill any of its obligations under this Section 4, then GI may treat such failure as a material breach in accordance with Section 11.7.

Appears in 4 contracts

Samples: Collaboration Agreement (Alnylam Pharmaceuticals, Inc.), License Agreement (Alnylam Pharmaceuticals Inc), License Agreement (Alnylam Pharmaceuticals Inc)

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Effect of Failure. In the event that GI determines that COMPANY or any of its SUBLICENSEES has Affiliates and Sublicensees have failed to fulfill fulfil any of its their obligations under this Section Article 4, then GI may treat such failure as a material breach of COMPANY in accordance with Section 11.79.6.

Appears in 2 contracts

Samples: License Agreement (Rosetta Genomics Ltd.), License Agreement (Rosetta Genomics Ltd.)

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