Common use of Initial Capitalization Clause in Contracts

Initial Capitalization. If, by December 31, 1993, OSIRIS has not received funding of at least $2 million ($2,000,000), this Agreement shall terminate, unless extended by mutual agreement and OSIRIS shall, at its sole expense, transfer to CWRU all right, title and interest in the Existing Patent Rights.

Appears in 4 contracts

Samples: Technology Transfer and License Agreement (Mesoblast LTD), Technology Transfer and License Agreement (Mesoblast LTD), Technology Transfer and License Agreement (Osiris Therapeutics Inc)

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Initial Capitalization. If, If by December 31, 1993, OSIRIS has not received funding of at least $2 million ($2,000,000), this Agreement shall terminate, unless extended by mutual agreement and OSIRIS shall, at its sole expense, transfer to CWRU all right, title and interest in the Existing Patent Rights.

Appears in 2 contracts

Samples: Technology Transfer and License Agreement, Technology Transfer and License Agreement (Osiris Therapeutics, Inc.)

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