Common use of Term and Termination of Research Collaboration Clause in Contracts

Term and Termination of Research Collaboration. The Research Collaboration shall commence on the Effective Date and shall end upon the first to occur of (i) June 30, 2006, (ii) the termination of this Agreement, or (iii) [ * ] after written notice from InterMune that InterMune elects (in its sole discretion) to early terminate the Research Collaboration (such period beginning on the Effective Date and ending upon the earliest of (i), (ii) and (iii), the “Research Term”). InterMune shall have the right to extend the Research Term for up to an additional twelve (12)-month period after June 30, 2006 on the same terms and conditions as previously conducted (except as otherwise set forth in this Agreement). To exercise such right, InterMune shall provide written notice to Array on or before March 31, 2006.”

Appears in 2 contracts

Samples: Drug Discovery Collaboration Agreement (Array Biopharma Inc), Intermune Inc

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Term and Termination of Research Collaboration. The Research Collaboration shall commence on the Effective Date and shall end upon the first to occur of (i) June 30, 20062005, (ii) the termination of this Agreement, or (iii) [ * ] after written notice from InterMune that InterMune elects (in its sole discretion) to early terminate the Research Collaboration (such period beginning on the Effective Date and ending upon the earliest of (i), (ii) and (iii), the “Research Term”). InterMune shall have the right to extend the Research Term for up to an additional twelve (12)-month period six-month periods after June 30, 2006 2005 on the same terms and conditions as previously conducted (except as otherwise set forth in this Agreement)conducted. To exercise such right, InterMune shall provide written notice to Array on or before March 31, 2006the date ninety (90) days before the end of any such six-month period.”

Appears in 1 contract

Samples: Drug Discovery Collaboration Agreement (Array Biopharma Inc)

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Term and Termination of Research Collaboration. The Research Collaboration shall commence on the Effective Date and shall end upon the first to occur of (i) June 30, 20062007, (ii) the termination of this Agreement, or (iii) [ * ] after written notice from InterMune that InterMune elects (in its sole discretion) to early terminate the Research Collaboration (such period beginning on the Effective Date and ending upon the earliest of (i), (ii) and (iii), the “Research Term”). InterMune shall have the right to extend the The Research Term shall automatically be extended for up to an additional twelve (12)-month period after June 30, 2006 2007 (“Extension Term”) on the same terms and conditions as previously conducted (except as otherwise set forth in this Agreement). To exercise such right, InterMune shall provide ) unless either party gives the other party written notice to Array on or before March 31, 20062007 of its intention not to extend the Research Term.”

Appears in 1 contract

Samples: Intermune Inc

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