Common use of Notice of Breaches by Licensee Clause in Contracts

Notice of Breaches by Licensee. Promptly (and in any event within five (5) Business Days) after the Seller becomes aware of, or comes to believe in good faith that there has been, a breach of the License Agreement by the applicable counterparty thereto, the Seller shall provide notice of such breach to the Buyer. In addition, the Seller shall provide to the Buyer a copy of any written notice of breach or alleged breach of the License Agreement delivered by the Seller to the applicable counterparty thereto as soon as practicable and in any event not less than five (5) Business Days following such delivery.

Appears in 2 contracts

Samples: Royalty Purchase Agreement (XOMA Corp), Royalty Purchase Agreement (LadRx Corp)

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Notice of Breaches by Licensee. Promptly (and in any event within five (5) Business Days) after the Seller Company becomes aware of, or comes to believe in good faith that there has been, a breach of the License Agreement by the applicable counterparty theretoLicensee, the Seller Company shall provide notice of such breach to the BuyerInvestor. In addition, the Seller Company shall provide to the Buyer Investor a copy of any written notice of breach or alleged breach of the License Agreement delivered by the Seller Company to the applicable counterparty thereto Licensee as soon as practicable and in any event not less than five (5) Business Days following such delivery.

Appears in 1 contract

Samples: Purchase Agreement (Epizyme, Inc.)

Notice of Breaches by Licensee. Promptly (and in any event within five (5) Business Days) after the Seller becomes aware of, or comes to believe in good faith that there has been, been a material breach of the License Agreement by the applicable counterparty theretoLicensee, the Seller shall provide notice of such breach to the Buyer. In addition, the Seller shall provide to the Buyer a copy of any written notice of breach or alleged breach of the License Agreement delivered by the Seller to the applicable counterparty thereto as soon as practicable and in any event not less than five (5) Business Days following such delivery.

Appears in 1 contract

Samples: Royalty Purchase Agreement (Arrowhead Pharmaceuticals, Inc.)

Notice of Breaches by Licensee. Promptly (and in any event within five (5) Business Days) after the Seller becomes aware of, or comes to believe in good faith that there has been, a breach of the License Agreement by the applicable counterparty theretoLicensee that could reasonably be expected to result in a Material Adverse Effect, the Seller shall provide notice of such breach to the Buyer. In addition, the Seller shall provide to the Buyer a copy of any written notice of breach or alleged breach of the License Agreement delivered by the Seller to the applicable counterparty thereto Licensee as soon as practicable and in any event not less than five (5) Business Days following such delivery.

Appears in 1 contract

Samples: Royalty Purchase Agreement (Cytokinetics Inc)

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Notice of Breaches by Licensee. Promptly (and in any event within five (5) Business Days) after the Seller becomes aware of, or comes to believe in good faith that there has been, of a breach or default of the License Agreement by Licensee relating to the applicable counterparty theretoDicerna Licensed Patent Rights, the Products, or the Royalty, the Seller shall provide notice of such breach or default to the Buyer. In addition, the Seller shall provide to the Buyer a copy of any written notice of such breach or alleged breach default of the License Agreement delivered by the Seller to the applicable counterparty thereto Licensee as soon as practicable and in any event not less more than five (5) Business Days following such delivery.

Appears in 1 contract

Samples: Royalty Purchase Agreement (Dicerna Pharmaceuticals Inc)

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