Common use of SEVERANCE AND WAIVER Clause in Contracts

SEVERANCE AND WAIVER. 16.01 Each clause of this AGREEMENT is a distinct and severable clause and if any clause is deemed illegal, void or unenforceable, the validity, legality or enforceability of any other clause or portion of this AGREEMENT will not be affected thereby. 16.02 The failure of a party in any instance to insist upon the strict performance of the terms of this AGREEMENT will not be construed to be a waiver or relinquishment of any of the terms of this AGREEMENT, either at the time of the party’s failure to insist upon strict performance or at any time in the future, and such terms will continue in full force and effect.

Appears in 4 contracts

Samples: License Agreement (Precision Biosciences Inc), License Agreement (Orexigen Therapeutics, Inc.), License Agreement (Orexigen Therapeutics, Inc.)

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SEVERANCE AND WAIVER. 16.01 Each clause of this AGREEMENT Agreement is a distinct and severable clause and if any clause is deemed illegal, void or unenforceable, the validity, legality or enforceability of any other clause or portion of this AGREEMENT Agreement will not be affected therebyaffected. 16.02 The failure of a party in any instance to insist upon the strict performance of the terms of this AGREEMENT will Agreement is not be construed to be a waiver or relinquishment of any of the terms of this AGREEMENTAgreement, either at the time of the party’s failure to insist upon strict performance or at any time in the future, and such terms will continue in full force and effect.

Appears in 3 contracts

Samples: Licensing Agreement, License Agreement (Inhibikase Therapeutics, Inc.), License Agreement (PhaseBio Pharmaceuticals Inc)

SEVERANCE AND WAIVER. 16.01 Each clause of this AGREEMENT is a distinct and severable clause and if any clause is deemed illegal, void or unenforceable, the validity, legality or enforceability of any other clause or portion of this AGREEMENT will not be affected thereby. 16.02 The failure of a party in any instance to insist upon the strict performance of the terms of this AGREEMENT will not be construed to be a waiver or relinquishment of any of the terms of this AGREEMENT, either at the time of the party’s failure to insist upon strict performance or at any time in the future, and such terms will continue in full force and effect. *** Certain information on this page has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted portions.

Appears in 1 contract

Samples: License Agreement (Orexigen Therapeutics, Inc.)

SEVERANCE AND WAIVER. 16.01 20.01 Each clause of this AGREEMENT Agreement is a distinct and severable clause and if any clause is deemed illegal, void or unenforceable, the validity, legality or enforceability of any other clause or portion of this AGREEMENT Agreement will not be affected therebyaffected. 16.02 20.02 The failure of a party in any instance to insist upon the strict performance of the terms of this AGREEMENT will Agreement is not be construed to be a waiver or relinquishment of any of the terms of this AGREEMENTAgreement, either at the time of the party’s failure to insist upon strict performance or at any time in the future, and such terms will continue in full force and effect.

Appears in 1 contract

Samples: License Agreement

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SEVERANCE AND WAIVER. 16.01 19.01 Each clause of this AGREEMENT Agreement is a distinct and severable clause and if any clause is deemed illegal, void or unenforceable, the validity, legality or enforceability of any other clause or portion of this AGREEMENT Agreement will not be affected therebyaffected. 16.02 19.02 The failure of a party in any instance to insist upon the strict performance of the terms of this AGREEMENT will Agreement is not be construed to be a waiver or relinquishment of any of the terms of this AGREEMENTAgreement, either at the time of the party’s failure to insist upon strict performance or at any time in the future, and such terms will continue in full force and effect.

Appears in 1 contract

Samples: License Agreement

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