Common use of Effect of Failure Clause in Contracts

Effect of Failure. In the event that [**] determines that COMPANY or any of its SUBLICENSEES has failed to fulfill any of its obligations under this Section 4, then [**] may treat such failure as a material breach in accordance with Section 11.7. ARTICLE 5 - SHARES, Royalties and Payment Terms

Appears in 2 contracts

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

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Effect of Failure. In the event that [**] determines that COMPANY or any of its SUBLICENSEES has failed to fulfill any of its obligations under this Section 4, then [**] may treat such failure as a material breach in accordance with Section 11.7. ARTICLE 5 - SHARES, Royalties and Payment Terms.

Appears in 1 contract

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

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Effect of Failure. In the event that [***] determines that COMPANY or any of its SUBLICENSEES has failed to fulfill any of its obligations under this Section 4, then [***] may treat such failure as a material breach in accordance with Section 11.7. ARTICLE 5 - SHARES, Royalties and Payment Terms.

Appears in 1 contract

Samples: Confidential Treatment (Isis Pharmaceuticals Inc)

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