Common use of Payment of Costs Associated with Company Termination Clause in Contracts

Payment of Costs Associated with Company Termination. If the Company terminates this Agreement under this Section 8.2(a) (where the Company does not have the right to terminate this Agreement pursuant to Section 8.2(b) or 8.2(c) below), the Company will pay to Xxxxxxxxx all non- cancellable costs incurred pursuant to the Services Budget imposed by Third Parties as a result of such termination. Xxxxxxxxx will inform the Company of such costs upon receipt of the termination notice and will undertake commercially reasonable efforts to mitigate such Third Party costs to the extent possible.

Appears in 3 contracts

Samples: Joint Venture Agreement (Hutchison China MediTech LTD), Joint Venture Agreement (Hutchison China MediTech LTD), Joint Venture Agreement (Hutchison China MediTech LTD)

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Payment of Costs Associated with Company Termination. If the Company terminates this Agreement under this Section 8.2(a9.2(a) (where the Company does not have the right to terminate this Agreement pursuant to Section 8.2(b9.2(b) or 8.2(c) 10.1 below), the Company will pay to Xxxxxxxxx and Nestlé all non- non-cancellable costs incurred pursuant to the Services Budget Research Plan imposed by Third Parties as a result of such termination. Each of Xxxxxxxxx and Nestlé will inform the Company of such costs upon receipt of the termination notice and will undertake commercially reasonable efforts to mitigate such Third Party costs to the extent possible.

Appears in 2 contracts

Samples: Joint Venture Agreement (Hutchison China MediTech LTD), Joint Venture Agreement (Hutchison China MediTech LTD)

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