Common use of Effects of Termination for NVS Breach, Patent Challenge, or for Convenience by NVS Clause in Contracts

Effects of Termination for NVS Breach, Patent Challenge, or for Convenience by NVS. In the event that (a) HMI terminates this Agreement with respect to a Target for NVS’ material breach pursuant to Section 16.2.2 (Termination for Breach), (b) HMI terminates this Agreement for Patent Challenge by NVS or any of its Affiliates pursuant to Section 16.2.4 (Termination for Patent Challenge); or (c) NVS terminates this Agreement with respect to a Target for convenience, then in each case, effective solely as of the effective date of termination, the following provisions will apply with respect to the Terminated Targets and all Candidates and Products that Modulate such Terminated Targets, but excluding, in all cases, any Other Components contained in such Products (the “Terminated Candidates” and “Terminated Products”), as applicable:

Appears in 4 contracts

Samples: Collaboration and License Agreement (Homology Medicines, Inc.), Collaboration and License Agreement (Homology Medicines, Inc.), Collaboration and License Agreement (Homology Medicines, Inc.)

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