Common use of Notwithstanding Section 8 Clause in Contracts

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)

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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)

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