Termination for Financial Matters. Either Party may terminate this Agreement immediately by giving the other Party written notice thereof in the event such other Party shall become insolvent or unable to pay its debts when due, or in the event that proceedings are commenced against, or voluntarily by, such Party relating to its bankruptcy or insolvency.
Appears in 3 contracts
Samples: Master Service Agreement (Blue Water Vaccines Inc.), Manufacturing and Supply Agreement (Dynavax Technologies Corp), Clinical Manufacturing and Supply Agreement (Accelerated Pharma, Inc.)
Termination for Financial Matters. Either Party This Agreement may terminate this Agreement be terminated immediately by either party by giving the other Party party written notice thereof in the event such other Party shall become insolvent or unable to pay party makes a general assignment for the benefit of its debts when duecreditors, or in the event that proceedings of a case are commenced againstin any court of competent jurisdiction by or against such party seeking (a) such party’s reorganization, liquidation, dissolution, arrangement or winding up, or voluntarily bythe composition or readjustment of its debts, (b) the appointment of a receiver or trustee for or over such Party relating to its bankruptcy or insolvency.party’s property, or
Appears in 2 contracts
Samples: Agreement, Agreement (Bio-Path Holdings Inc)
Termination for Financial Matters. Either Party may terminate this Agreement immediately by giving the other Party written notice thereof in the event such other Party shall become judicially adjudged insolvent or unable to pay its debts when due, or in the event that proceedings are commenced against, or voluntarily by, such Party relating to its bankruptcy or insolvencyinsolvency and not dismissed within [* * *].
Appears in 2 contracts
Samples: Product Development and Clinical Supply Agreement, Product Development and Clinical Supply Agreement (Genocea Biosciences, Inc.)
Termination for Financial Matters. Either Party may terminate this Agreement immediately by giving the other Party written notice thereof in the event such other Party shall become insolvent or unable to pay its debts when due, or in the event that proceedings are commenced against, or voluntarily by, such Party relating to its bankruptcy or insolvencyinsolvency and such proceedings are not dismissed or stayed within ninety (90) days of its commencement.
Appears in 1 contract
Samples: License Agreement (Crinetics Pharmaceuticals, Inc.)
