Common use of Notice of Bankruptcy Clause in Contracts

Notice of Bankruptcy. The LICENSEE must inform EMORY of its intention to file a voluntary petition in bankruptcy or LICENSEE’s learning of another’s intention to file an involuntary petition in bankruptcy in respect of LICENSEE to be received at least thirty (30) days prior to filing (or learning of) such a petition or intention. A party’s filing without conforming to this requirement shall be deemed a material, pre-petition incurable breach.

Appears in 1 contract

Samples: Stock Purchase Agreement (Pharmasset Inc)

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Notice of Bankruptcy. The LICENSEE must inform EMORY of its intention to file a voluntary petition in bankruptcy or LICENSEE’s learning of another’s 's intention to file an involuntary petition in bankruptcy in respect of LICENSEE to be received at least thirty (30) days prior to filing (or learning of) such a petition or intentionpetition. A party’s 's filing without conforming to this requirement shall be deemed a material, pre-petition incurable breach.

Appears in 1 contract

Samples: Master Reagent Agreement

Notice of Bankruptcy. The LICENSEE must inform EMORY of its intention to file a voluntary petition in bankruptcy or LICENSEE’s learning of another’s 's intention to file an involuntary petition in bankruptcy in respect of LICENSEE to be received at least thirty (30) days prior to filing (or learning of) such a petition or intentionpetition. A party’s 's filing for bankruptcy without conforming to this requirement shall be deemed a material, pre-petition incurable breach.

Appears in 1 contract

Samples: Exclusive License Agreement (Utek Corp)

Notice of Bankruptcy. The LICENSEE must inform EMORY provide notice to LICENSOR of its intention to file a voluntary petition in bankruptcy bankruptcy, or LICENSEE’s learning of another’s 's intention to file an involuntary petition in bankruptcy in respect of LICENSEE bankruptcy, said notice to be received by LICENSOR at least thirty sixty (3060) days prior to the filing (or learning of) of such a petition or intentionpetition. A party’s 's filing without conforming to this requirement shall be deemed a material, pre-petition incurable breach.

Appears in 1 contract

Samples: License and Option Agreement (CSMG Technologies, Inc.)

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Notice of Bankruptcy. The LICENSEE must inform EMORY of its intention to file a voluntary petition in bankruptcy or LICENSEE’s learning of another’s intention to file an involuntary petition in bankruptcy in respect of LICENSEE to be received at least thirty (30) days prior to filing (or learning of) of such a petition or intention. A party’s filing without conforming to this requirement shall be deemed a material, pre-petition incurable breach.

Appears in 1 contract

Samples: License Agreement (Pharmasset Inc)

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