Common use of Termination by the Licensee Clause in Contracts

Termination by the Licensee. The Licensee shall have the right at any time to terminate this Agreement in whole or as to any Licensed Product (i) by giving 90 days notice thereof in writing to NovaDel or (ii) if Licensee elects not to effect Milestone Payments which are due and payable in Article 4.5.

Appears in 4 contracts

Samples: License and Development Agreement (Hana Biosciences Inc), License and Development Agreement (Novadel Pharma Inc), License and Development Agreement (Hana Biosciences Inc)

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Termination by the Licensee. The Licensee shall have the right at any time to terminate this Agreement in whole or as to any Licensed Product (i) by giving 90 days notice thereof in writing to NovaDel or (ii) if Licensee elects not to effect Milestone Payments which are due and payable in Article 4.5NovaDel.

Appears in 4 contracts

Samples: License and Development Agreement (Novadel Pharma Inc), License and Development Agreement (Manhattan Pharmaceuticals Inc), License and Development Agreement (Manhattan Pharmaceuticals Inc)

Termination by the Licensee. The Licensee shall have the right at any time to terminate this Agreement in whole or as to any Licensed Product (i) by giving 90 ninety (90) days notice thereof in writing to NovaDel or (ii) if NovaDel, provided that Licensee elects not satisfy any outstanding obligations to effect Milestone Payments which are due and payable in Article 4.5NovaDel.

Appears in 3 contracts

Samples: License and Development Agreement (Velcera, Inc.), License and Development Agreement (Velcera, Inc.), License and Development Agreement (Novadel Pharma Inc)

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Termination by the Licensee. The Licensee shall have the right at any time to terminate this Agreement in whole or as to any Licensed Product (i) by giving 90 days notice thereof in writing to NovaDel or (ii) if Licensee elects not to effect the Milestone Payments Payment which are is due and payable as provided in Article 4.5Section 4.5.2.

Appears in 2 contracts

Samples: License and Development Agreement (Novadel Pharma Inc), License and Development Agreement (Hana Biosciences Inc)

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