Termination by Genzyme on a Country-by-Country Basis for Regulatory Action Sample Clauses

Termination by Genzyme on a Country-by-Country Basis for Regulatory Action. 11.6.1 Within sixty (60) days following the occurrence of a Country Regulatory Event, Genzyme may provide Veracyte with written notice of such Country Regulatory Event (a “CRE Notice”). Such CRE Notice shall provide details regarding the event that constitutes a Country Regulatory Event, the date of such occurrence and the basis for why any Country Regulatory Event could constitute a Qualified Country Regulatory Event. Upon the receipt of a CRE Notice, Veracyte will have six (6) months to work in good faith to resolve, cure, or xxxxx such Country Regulatory Event to the reasonable satisfaction of Genzyme. If Veracyte is unable to resolve, cure or xxxxx such Country Regulatory Event during such six (6) month period and such Country Regulatory Event constitutes a Qualified Country Regulatory Event, then Genzyme will have the right, no later than eight (8) months following the occurrence of such a Qualified Country Regulatory Event, to terminate any further rights and obligations under this Agreement with regards to such Country, with thirty (30) days prior written notice to Veracyte (a “Country Regulatory Termination”). 11.6.2 For the purposes of clarity, it is the understanding of the parties that during any notice period described above prior to the effective date of a Country Regulatory Termination, the rights and obligations of the parties shall continue in full force and effect until the applicable date of termination rights and obligations regarding such Country. 11.6.3 If Genzyme elects to exercise such Country Regulatory Termination right with regards to a Country in Territory B or in Territory A, no further Promotion Fees will be payable for Net Revenues achieved in such Country after the effective date of the Country Regulatory Termination for such Country. 11.6.4 Any Country for which Genzyme terminates its rights and obligations pursuant to this Section 11.6 shall be automatically become a Removed Country as of the effective date of such termination. 11.6.5 For purposes of this Section 11.6:
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Related to Termination by Genzyme on a Country-by-Country Basis for Regulatory Action

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