Notwithstanding Section 8. 2.1, the license granted hereunder to Licensee shall not terminate by reason of a delay in meeting the [***] milestone set forth in Section 8.1.1, to the extent that prudent business judgment, based on circumstances outside of Licensee's reasonable control, reasonably justifies such delay.
Appears in 3 contracts
Samples: Product License Agreement (Abgenix Inc), Master Research License and Option Agreement (Abgenix Inc), Product License Agreement (Abgenix Inc)
Notwithstanding Section 8. 2.1, the license granted hereunder to Licensee shall not terminate by reason of a delay in meeting the [***] milestone set forth in Section 8.1.1], to the extent that prudent business judgment, based on circumstances outside of Licensee's reasonable control, reasonably justifies such delay.
Appears in 2 contracts
Samples: Master Research License and Option Agreement (Abgenix Inc), Product License Agreement (Abgenix Inc)