Common use of Effect of Termination by Amarin Clause in Contracts

Effect of Termination by Amarin. In the event Amarin terminates this Agreement pursuant to Sections 14.2, 15.2, 15.3 or 15.5, (a) Amarin shall have the right to terminate, in whole or in part, any Purchase Order issued under this Agreement; (b) Amarin shall be relieved of its requirement to purchase quantities of API associated with any binding portion of a [***] Forecast; and (c) Amarin shall be relieved of its the minimum purchase requirements set forth in Section 2.2.

Effect of Termination by Amarin. In the event Amarin terminates this Agreement pursuant to Sections 14.2, 15.2, 15.3 or 15.5, (ai) Amarin shall have the right to terminate, in whole or in part, any Purchase Order issued under this Agreement[***]; (b) Amarin shall be relieved of its requirement to purchase quantities of API associated with any binding portion of a and [***] Forecast; and (c) as its sole obligation in relation to termination by Amarin pursuant to Sections 15.2, 15.3 or 15.5, Equateq shall be relieved of its the minimum purchase requirements set forth in Section 2.2pay to Amarin [***].