Termination due to Insolvency or Bankruptcy. In the event of insolvency or bankruptcy of either Party or appointment of a trustee or receiver for either Party, it shall immediately notify the other Party to that effect. In any such event, the Party so notified shall have the right to terminate this Agreement at any time.
Appears in 3 contracts
Samples: Annual Report, Confidentiality Agreement (Vivus Inc), License Agreement (Vivus Inc)
Termination due to Insolvency or Bankruptcy. In the event of insolvency or bankruptcy of either Party or appointment of a trustee or receiver for either Party, it shall immediately notify the other Party to that effect. In any such event, the Party so notified shall have the right to terminate this Agreement at any time.
Appears in 1 contract
Samples: Research and Collaboration Agreement (Champions Oncology, Inc.)
