Common use of Failure to Meet Minimum Thresholds Clause in Contracts

Failure to Meet Minimum Thresholds. Buyer's failure to meet the ---------------------------------- Exclusivity Threshold set forth in Section 5.3.1 of this Agreement shall not permit ATS to terminate this Agreement. Buyer's failure to meet the License Threshold set forth in Section 5.3.2 of this Agreement shall permit ATS to terminate this Agreement as set forth therein.

Appears in 1 contract

Samples: License and Supply Agreement (Advanced Tissue Sciences Inc)

AutoNDA by SimpleDocs

Failure to Meet Minimum Thresholds. Buyer's failure to meet the ---------------------------------- Exclusivity [** ] Threshold set forth in Section 5.3.1 5.5.1 of this Agreement shall cause the conversion of the License granted hereunder to non-exclusive but does not permit ATS to terminate this Agreement. Buyer's failure to meet the License Threshold set forth in Section 5.3.2 5.5.2 of this Agreement shall permit ATS to terminate this Agreement as set forth therein.

Appears in 1 contract

Samples: License and Supply Agreement (Advanced Tissue Sciences Inc)

Failure to Meet Minimum Thresholds. Buyer's failure to meet the ---------------------------------- Exclusivity Threshold set forth in Section 5.3.1 of this Agreement shall not permit ATS to terminate this Agreement. Buyer's failure to meet the License Threshold set forth in Section 5.3.2 of this Agreement shall permit ATS to terminate this Agreement as set forth therein.

Appears in 1 contract

Samples: License and Supply Agreement (Biozhem Cosmeceuticals Inc)

Failure to Meet Minimum Thresholds. Buyer's failure to meet ---------------------------------- the ---------------------------------- Exclusivity Threshold set forth in Section 5.3.1 5.5.1 of this Agreement shall cause the conversion of the License granted hereunder to non-exclusive but does not permit ATS to terminate this Agreement. Buyer's failure to meet the License Threshold set forth in Section 5.3.2 5.5.2 of this Agreement shall permit ATS to terminate this Agreement as set forth therein.

Appears in 1 contract

Samples: License and Supply Agreement (Advanced Tissue Sciences Inc)

AutoNDA by SimpleDocs

Failure to Meet Minimum Thresholds. Buyer's failure to meet ---------------------------------- the ---------------------------------- Exclusivity [** ] Threshold set forth in Section 5.3.1 5.5.1 of this Agreement shall cause the conversion of the License granted hereunder to non-exclusive but does not permit ATS to terminate this Agreement. Buyer's failure to meet the License Threshold set forth in Section 5.3.2 5.5.2 of this Agreement shall permit ATS to terminate this Agreement as set forth therein.

Appears in 1 contract

Samples: License and Supply Agreement (Advanced Tissue Sciences Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.