Notice of Material Event. Each Party agrees that, upon it receiving knowledge of a material event or development with respect to any of the transactions contemplated hereby that, to the knowledge of its executive officers, is not known to the other Parties, such Party shall notify the other Parties in writing within three (3) Business Days of the receipt of such knowledge by any executive officer of such Party; provided, that the failure to provide such notice shall not impair or otherwise be deemed a waiver of any rights any Party may have arising from such material event or development, and that notice under this Section 7.01 shall not in itself constitute notice of any breach of any of the Operative Documents.
Appears in 4 contracts
Samples: Warrant Purchase Agreement (Exelixis Inc), Warrant Purchase Agreement (Exelixis Inc), Warrant Purchase Agreement (Dynavax Technologies Corp)
Notice of Material Event. Each Party agrees that, upon it receiving knowledge of a material event or development with respect to any of the transactions contemplated hereby that, to the knowledge of its executive officers, is not known to the other Parties, such Party shall notify the other Parties in writing within three (3) Business Days of the receipt of such knowledge by any executive officer of such Party; provided, that the failure to provide such notice shall not impair or otherwise be deemed a waiver of any rights any Party may have arising from such material event or development, development and that notice under this Section 7.01 6 shall not in itself constitute notice of any breach of any of the Operative Documents.
Appears in 3 contracts
Samples: Purchase Option Agreement (Dynavax Technologies Corp), Purchase Option Agreement (Exelixis Inc), Purchase Option Agreement (Dynavax Technologies Corp)
Notice of Material Event. Each Party agrees that, upon it receiving knowledge of a material event or development with respect to any of the transactions contemplated hereby that, to the knowledge of its executive officers, is not known to the other Parties, such Party shall notify the other Parties in writing within three (3) [***] Business Days of the receipt of such knowledge by any executive officer of such Party; provided, that the failure to provide such notice shall not impair or otherwise be deemed a waiver of any rights any Party may have arising from such material event or development, development and that notice under this Section 7.01 6 shall not in itself constitute notice of any breach of any of the Operative Documents.
Appears in 1 contract
Samples: Purchase Option Agreement (Isis Pharmaceuticals Inc)
