Termination by Biosource Sample Clauses

Termination by Biosource. In the event during the second or later Contract Years of the Research Collaboration, Biosource has achieved all milestones under Section 6.2(a) & (b) applicable to the first Contract Year, but the total amount paid to Biosource for funded research pursuant to Section 6.3.1 and milestones paid to Biosource pursuant to Section 6.2 shall fall below both: (i) a rate of $2,000,000 (two million U.S. dollars) in the previous calendar quarter; and (ii) less than an average of $2,500,000 per quarter for the calendar year to date, then Biosource may request a special meeting of the Research Committee and/or the Steering Committee to discuss steps to be taken to increase sponsored research funding in the TDCC Field. In the discretion of Biosource, such discussion may include the possibility of permitting Biosource the right to collaborate with a Third Party in a part of the TDCC Field, subject to mutually agreed terms. If the parties are not able to reach agreement on new terms to continue the Research Collaboration satisfactory to all parties after a 90 day period of good faith negotiation, and for a second consecutive quarter the total amount paid to Biosource for funded research pursuant to Section 6.3.1 and milestones paid to Biosource pursuant to Section 6.2 falls below the criteria in both (i) and (ii) above, then Biosource may elect to terminate the term of the Research Collaboration upon notice to TDCC during any period that the criteria in both (i) and (ii) are not met in the preceding quarter and the failure to meet these criteria is not due to a force majeure or circumstances within the control of Biosource which substantially reduce value realized by TDCC from any increases in funding of sponsored research.
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Related to Termination by Biosource

  • Termination by Bank If the Bank, or its successor in interest by merger, or its transferee in the event of a purchase in an assumption transaction (for reasons other than Executive's death, disability, or Cause) (1) terminates Executive's employment within one year following a Change in Control (as defined below), or (2) terminates Executive's employment before the Change in Control but on or after the date that any party either announces or is required by law to announce any prospective Change in Control transaction and a Change in Control occurs within six months after the termination, the Bank will provide Executive with the payment and benefits described in Section 9(d)(3) below.

  • Termination by Xxxxxx This Agreement may be terminated and the Merger Transactions abandoned at any time before the Acceptance Time by Parent:

  • Termination by You In the event of an Employment Separation as a result of a termination by you for any reason, you must provide the Company with at least 14 days advance written notice ("Notice of Termination") and continue working for the Company during the 14-day notice period, but only if the Company so desires to continue your employment and to compensate you during such period. In the event of such termination under this Section, the Company will pay you the earned but unpaid portion of your Basic Salary through the termination date.

  • Termination by Parent This Agreement may be terminated and the Merger may be abandoned at any time prior to the Effective Time by Parent if:

  • Termination by Buyer This Agreement and the transaction contemplated herein may be terminated and abandoned at any time on or prior to the Closing Date by Buyer, if:

  • Termination by Seller This Agreement may be terminated by Seller and the purchase and sale of the Station abandoned, if Seller is not then in material default, upon written notice to Buyer, upon the occurrence of any of the following:

  • Termination by Licensor Licensor, at its option, may immediately terminate the Agreement, or any part of Licensed Subject Matter, or any part of Field of Use, or any part of Territory, or the exclusive nature of the license grant, upon delivery of written notice to Licensee of Licensor’s decision to terminate, if any of the following occur:

  • Termination by Owner Owner may also terminate this Agreement at any time before Contractor begins the Work and notifies Owner in writing of such commencement if (1) Owner sells the property on which the Work is being performed or (2) the economic climate does not warrant proceeding with the project of which the Work is a part. In such circumstance, Contractor shall be entitled to receive that portion of the Contract Price earned by Contractor for Work performed to the satisfaction of Owner less any payments made before the date this Agreement is terminated. Contractor shall not be entitled to any additional compensation or damages as a result of termination of this Agreement pursuant to this Paragraph 12(c).

  • Termination by Licensee 10.1. Licensee will have the right at any time to terminate this Agreement in whole or as to any portion of Patent Rights or Property Rights by giving notice in writing to The Regents. Such Notice of Termination will be subject to Article 20. (Notices) and termination of this Agreement in whole or with respect to any portion of the Patent Rights or Property Rights will be effective 60 days after the effective date thereof.

  • Termination by Sellers This Agreement may be terminated at any time prior to the Closing Date by Sellers as follows:

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