Common use of Mediator Resolution Clause in Contracts

Mediator Resolution. (i) If the mediator determines that [***] by Vertex pursuant to Section 11.3.3 [***], the Parties will promptly cause [***] as provided for in Section 7.10. The Parties will promptly cause [***]. (ii) If the mediator determines that Vertex may [***] under Section 11.3.3, Vertex may [***]. (iii) The decisions rendered by mediator with respect to [***] will be binding on the Parties pending resolution of the [***] by the agreement of the Parties or by a court of competent jurisdiction in accordance with this Agreement.

Appears in 3 contracts

Samples: Strategic Collaboration, Option and License Agreement, Strategic Collaboration, Option and License Agreement (CRISPR Therapeutics AG), Strategic Collaboration, Option and License Agreement (Vertex Pharmaceuticals Inc / Ma)

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Mediator Resolution. (i) If the mediator determines that [***] by Vertex pursuant to Section 11.3.3 10.3.2 [***], the Parties will promptly cause [***] as provided for in Section 7.106.10. The Parties will promptly cause [***]. (ii) If the mediator determines that Vertex may [***] under Section 11.3.3], Vertex may [***]. (iii) The decisions rendered by mediator with respect to [***] will be binding on the Parties pending resolution of the [***] by the agreement of the Parties or by a court of competent jurisdiction in accordance with this Agreement.

Appears in 1 contract

Samples: Strategic Collaboration and License Agreement (CRISPR Therapeutics AG)

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