Termination as a Result of Bankruptcy. Each Party shall have the right to terminate this Agreement upon written notice as a result of the filing or institution of bankruptcy, reorganization, liquidation or receivership proceedings, or upon an assignment of a substantial portion of the assets for the benefit of creditors by the other Party; provided that such termination shall be effective only if such proceeding is not dismissed within ninety (90) days after the filing thereof.
Appears in 12 contracts
Samples: License, Development and Commercialization Agreement (Cadrenal Therapeutics, Inc.), License, Development and Commercialization Agreement (Aimmune Therapeutics, Inc.), License, Development and Commercialization Agreement (Brickell Biotech, Inc.)
Termination as a Result of Bankruptcy. Each Party shall have the right to terminate this Agreement upon written notice as a result of the filing or institution of bankruptcy, reorganization, liquidation or receivership proceedings, or upon an assignment of a substantial portion of the assets for the benefit of creditors by the other Party; provided provided, that such termination shall be effective only if such proceeding is not dismissed within ninety (90) days after the filing thereof.
Appears in 2 contracts
Samples: Development, Commercialization and Supply Agreement (Vascular Biogenics Ltd.), Development, Commercialization and Supply Agreement (Amarin Corp Plc\uk)
Termination as a Result of Bankruptcy. Each Party shall have the right to terminate this Agreement upon written notice as a result of the filing or institution of bankruptcy, reorganization, liquidation or receivership proceedings, or upon an assignment of a substantial portion of the assets for the benefit of creditors by the other Party; provided however, that such termination shall be effective only if such proceeding is not dismissed within ninety (90) [***] calendar days after the filing thereof.
Appears in 1 contract
Termination as a Result of Bankruptcy. Each Party shall have the right to terminate this Agreement upon written notice as a result of the filing or institution of bankruptcy, reorganization, liquidation or receivership proceedings, or upon an assignment of a substantial portion of the its assets for the benefit of creditors by the other Party; provided that such termination shall be effective only if such proceeding is not dismissed within ninety (90) days [***] after the filing thereof.
Appears in 1 contract
Samples: License, Development and Commercialization Agreement (Zura Bio LTD)
Termination as a Result of Bankruptcy. Each Party shall have the right to terminate this Agreement upon written notice as a result of the filing or institution of bankruptcy, reorganization, liquidation or receivership proceedings, or upon an assignment of a substantial portion of the assets for the benefit of creditors by the other Party; provided provided, that such termination shall not be effective only if such proceeding is not dismissed within ninety (90) days after the filing thereof.
Appears in 1 contract
Samples: License and Development Agreement (Radius Health, Inc.)
Termination as a Result of Bankruptcy. Each Party shall have the right to terminate this Agreement upon written notice as a result of the filing or institution of bankruptcy, reorganization, liquidation or receivership proceedings, or upon an assignment of a substantial portion of the assets for the benefit of creditors by the other Party; provided that such termination shall be effective only if such proceeding is not dismissed within ninety [*] (90[*]) days [*] after the filing thereof.
Appears in 1 contract
Termination as a Result of Bankruptcy. Each Party shall have the right to terminate this Agreement upon written notice as a result of the filing or institution of bankruptcy, reorganization, liquidation or receivership proceedings, or upon an assignment of a substantial portion of the assets for the benefit of creditors by the other Party; provided that such termination shall be effective only if such proceeding is not dismissed within ninety [**] (90[**]) days [**] after the filing thereof.
Appears in 1 contract
Samples: License, Development and Commercialization Agreement (Onyx Pharmaceuticals Inc)
Termination as a Result of Bankruptcy. Each Party shall have the right to terminate this Agreement upon written notice as a result of the filing or institution of bankruptcy, reorganization, liquidation or receivership proceedings, or upon an assignment of a substantial portion of the assets for the benefit of creditors by the other Party; provided provided, that such termination shall be effective only if such proceeding is not dismissed within ninety (90) days *** after the filing thereof.
Appears in 1 contract
Samples: License and Collaboration Agreement (Immunomedics Inc)
Termination as a Result of Bankruptcy. Each Party shall have the right to terminate this Agreement upon written notice as a result (a) if the other Party files or is the subject of the filing or institution of bankruptcy, reorganization, liquidation or receivership proceedings, or upon an assignment of a substantial portion of the assets for the benefit of creditors by the other Party; proceedings (provided that such termination shall be effective only if such proceeding is not dismissed within ninety (90) days after the filing thereof), or (b) upon an assignment of a substantial portion of the assets for the benefit of creditors by the other Party.
Appears in 1 contract
Samples: License, Development and Commercialization Agreement (Ignyta, Inc.)
Termination as a Result of Bankruptcy. Each Party shall have the right to terminate this Agreement upon written notice as a result of the filing or institution of bankruptcy, reorganization, liquidation or receivership proceedings, or upon an assignment of a substantial portion of the its assets for the benefit of creditors by the other Party; provided that such termination shall be effective only if such proceeding is not dismissed within ninety (90) days [***] after the filing thereof.
Appears in 1 contract
Samples: License, Development and Commercialization Agreement (JATT Acquisition Corp)
Termination as a Result of Bankruptcy. Each Party shall have the right to terminate this Agreement upon written notice as a result of the filing or institution of bankruptcy, reorganization, liquidation or receivership proceedings, or upon an assignment of a substantial portion of the assets for the benefit of creditors by the other Party; provided provided, that such termination shall be effective only if such proceeding is not dismissed within ninety (90) days [***] after the filing thereof.
Appears in 1 contract
Samples: Development, Commercialization and Supply Agreement (Amarin Corp Plc\uk)
