Common use of Termination by CHIRON Clause in Contracts

Termination by CHIRON. CHIRON may terminate this Agreement and the Original License Agreement only upon any of the following grounds: (a) ROCHE's or its Affiliate's material breach of this Agreement or the Original License Agreement, including, without limitation, a breach resulting from ROCHE's or its Affiliate's failure to pay any sums due hereunder or thereunder, where such breach shall not have been remedied within thirty (30) days of the receipt of a written notification from CHIRON identifying the breach and requiring its remedy; whereupon termination under this Section 7.3(a) shall be effective upon the expiration of such thirty (30) day cure period, subject to Section 7.6; or (b) [***]. [***].

Appears in 3 contracts

Samples: HCV Probe License and Option Agreement (Chiron Corp), Hiv Probe License Agreement (Chiron Corp), Hiv Probe License and Option Agreement (Chiron Corp)

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Termination by CHIRON. CHIRON may terminate this Agreement and the Original License Agreement only upon any of the following grounds: (a) ROCHE's or its Affiliate's material breach of this Agreement or the Original License Agreement, including, without limitation, a breach resulting from ROCHE's or its Affiliate's failure to pay any sums due hereunder or thereunder, where such breach shall not have been remedied within thirty (30) days of the receipt of a written notification from CHIRON identifying the breach and requiring its remedy; whereupon termination under this Section 7.3(a) shall be effective upon the expiration of such thirty (30) day cure period, subject to Section 7.6; or (b) [***]. [***].

Appears in 1 contract

Samples: HCV Probe License Agreement (Chiron Corp)

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