Common use of Licensor Right to Terminate Clause in Contracts

Licensor Right to Terminate. Licensor shall have the right to immediately terminate this Agreement if: (a) upon a Change of Control of Licensee, Licensor reasonably determines, after conferring with Licensee, that the Change of Control is significant and adversely impacts the ability of the parties to achieve the objectives of this Agreement; (b) Licensee breaches any of the anti-diversion provisions of Section 5; (c) Licensor reasonably determines that, due to material deficiencies in Licensee’s compliance, or repeated failure to comply, with the quality requirements of Section 3.2, Licensee is unable to manufacture Licensed Compound or Licensed Product in accordance with such quality requirements; (d) Licensee repeatedly fails to meet the milestones as contemplated in Section 3.4 of this Agreement; or (e) Licensee repeatedly fails to comply with or to timely provide Licensor with the reports contemplated under Sections 3.5 and 9.2 of this Agreement; (f) Licensee breaches Section 2.2 herein, but only after a failure of Licensee to change its marks, packaging, or color scheme (including pill color), as applicable, to be different and non-confusingly similar.

Licensor Right to Terminate. Licensor shall have the right to immediately terminate this Agreement if: (a) upon a Change of Control of Licensee, Licensor reasonably determines, after conferring with Licensee, that the Change of Control is significant and adversely impacts the ability of the parties to achieve the objectives of this Agreement; (b) Licensee breaches any of the anti-diversion provisions of Section 56; (c) Licensor reasonably determines that, due to material deficiencies in Licensee’s compliance, or repeated failure to comply, with the quality requirements of Section 3.2, Licensee is unable to manufacture Licensed Compound or Licensed Product in accordance with such quality requirements; (d) Licensee repeatedly fails to meet the milestones as contemplated in Section 3.4 of this Agreement; or (e) Licensee repeatedly fails to comply with or to timely provide Licensor with the reports contemplated under Sections 3.5 and 9.2 10.2 of this Agreement; (f) Licensee breaches Section 2.2 herein, but only after a failure of Licensee to change its marks, packaging, or color scheme (including pill color), as applicable, to be different and non-confusingly similar.

Licensor Right to Terminate. Licensor shall have the right to immediately terminate this Agreement if: (a) upon a Change of Control of Licensee, Licensor reasonably determines, after conferring with Licensee, that the Change of Control is significant and adversely impacts the ability of the parties to achieve the objectives of this Agreement;Agreement;‌ (b) Licensee breaches any of the anti-diversion provisions of Section 56; (c) Licensor reasonably determines that, due to material deficiencies in Licensee’s compliance, or repeated failure to comply, with the quality requirements of Section 3.2, Licensee is unable to manufacture Licensed Compound or Licensed Product in accordance with such quality requirements;requirements;‌ (d) Licensee repeatedly fails to meet the milestones as contemplated in Section 3.4 of this Agreement; or (e) Licensee repeatedly fails to comply with or to timely provide Licensor with the reports contemplated under Sections 3.5 and 9.2 10.2 of this Agreement; (f) Licensee breaches Section 2.2 herein, but only after a failure of Licensee to change its marks, packaging, or color scheme (including pill color), as applicable, to be different and non-confusingly similar.

Licensor Right to Terminate. Licensor shall have the right to immediately terminate this Agreement if: (a) upon a Change of Control of Licensee, Licensor reasonably determines, after conferring with Licensee, that the Change of Control is significant and adversely impacts the ability of the parties to achieve the objectives of this Agreement; (b) Licensee breaches any of the anti-diversion provisions of Section 5; (c) Licensor reasonably determines detennines that, due to material deficiencies in Licensee’s 's compliance, or repeated failure to comply, with the quality requirements of Section 3.2, Licensee is unable to manufacture Licensed Compound or Licensed Product in accordance with such quality requirements; (d) Licensee repeatedly fails to meet the milestones as contemplated in 111 Section 3.4 of this Agreement; or (e) Licensee repeatedly fails to comply with or to timely provide Licensor with the reports contemplated under Sections 3.5 and 9.2 of this Agreement; (f) Licensee breaches Section 2.2 herein, but only after a failure of Licensee to change its marks, packaging, or color scheme (including pill color), as applicable, to be different and non-confusingly similar.

Licensor Right to Terminate. Licensor shall have the right to immediately terminate this Agreement if: (a) upon a Change of Control of Licensee, Licensor reasonably determines, after conferring with Licensee, that the Change of Control is significant and adversely impacts the ability of the parties to achieve the objectives of this Agreement;Agreement;‌ (b) Licensee breaches any of the anti-diversion provisions of Section 5; (c) Licensor reasonably determines that, due to material deficiencies in Licensee’s compliance, or repeated failure to comply, with the quality requirements of Section 3.2, Licensee is unable to manufacture Licensed Compound or Licensed Product in accordance with such quality requirements;requirements;‌ (d) Licensee repeatedly fails to meet the milestones as contemplated in Section 3.4 of this Agreement; or (e) Licensee repeatedly fails to comply with or to timely provide Licensor with the reports contemplated under Sections 3.5 and 9.2 of this Agreement; (f) Licensee breaches Section 2.2 herein, but only after a failure of Licensee to change its marks, packaging, or color scheme (including pill color), as applicable, to be different and non-confusingly similar.Agreement;‌