Common use of Syndicate Formation and Limitations Clause in Contracts

Syndicate Formation and Limitations. It is understood that Aurora is seeking to collaborate with, and supply to, and grant certain license rights to Third Parties with respect to the use and supply of a system similar to the LILLYUHTSS to such Third Party. Notwithstanding the foregoing, Aurora covenants and agrees that, so long as Lilly is not in default of any payment obligation hereunder and has not ***CONFIDENTIAL TREATMENT REQUESTED

Syndicate Formation and Limitations. It is understood that Aurora is seeking to collaborate with, and supply to, and grant certain license rights to to, Third Parties with respect to the use and supply installation of a system similar to the LILLYUHTSS to such Third PartySystem. Notwithstanding the foregoing, Aurora covenants and agrees that, so long as Lilly is not in default of any payment obligation hereunder and has not ***CONFIDENTIAL TREATMENT REQUESTED