Common use of Notice of Bankruptcy Clause in Contracts

Notice of Bankruptcy. COMPANY must inform LICENSOR of its intention to file a voluntary petition in bankruptcy or of another’s intention to file an involuntary petition in bankruptcy to be received at least forty five (45) days prior to filing such a petition. If COMPANY files a petition of bankruptcy without conforming to this requirement, this shall be deemed a material, pre-petition, incurable breach.

Appears in 4 contracts

Samples: License Agreement (Kiromic Biopharma, Inc.), License Agreement (Clearside Biomedical, Inc.), License Agreement (Clearside Biomedical, Inc.)

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Notice of Bankruptcy. COMPANY must inform LICENSOR EMORY of its intention to file a voluntary petition in bankruptcy or of another’s 's intention to file an involuntary petition in bankruptcy to be received at least forty five (45) days prior to filing such a petition. If COMPANY files a petition of bankruptcy without conforming to this requirement, this shall be deemed a material, pre-petition, incurable breach.

Appears in 3 contracts

Samples: License Agreement, License Agreement, License Agreement

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Notice of Bankruptcy. COMPANY must inform LICENSOR of its intention to file a voluntary petition in bankruptcy or of another’s intention to file an involuntary petition in bankruptcy to be received at least forty forty-five (45) days prior to filing such a petition. If COMPANY files a petition of bankruptcy without conforming to this requirement, this shall be deemed a material, pre-petition, incurable breach.

Appears in 1 contract

Samples: License Agreement (Kiromic Biopharma, Inc.)

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