Termination for Insolvency Event. In the event one Party (“Insolvency Party”) incurs an Insolvency Event, the other Party (“Non-Insolvency Party”) shall have the right to terminate this Agreement in its entirety effective immediately upon written notice to the Insolvency Party of such termination.
Appears in 4 contracts
Samples: License Agreement, License Agreement, License Agreement (Global Blood Therapeutics, Inc.)
Termination for Insolvency Event. In the event one A Party (“Insolvency Party”) incurs an Insolvency Event, the other Party (“Non-Insolvency Party”) shall have the right to terminate this Agreement in its entirety entirety, if the other Party incurs an Insolvency Event; provided, however, in the case of any involuntary bankruptcy proceeding, such right to terminate shall only become effective immediately upon written notice if the Party that incurs the Insolvency Event consents to the Insolvency Party of involuntary bankruptcy or such terminationproceeding is not dismissed within [***] after the filing thereof.
Appears in 2 contracts
Samples: License Agreement (Gemini Therapeutics, Inc. /DE), License Agreement (CinCor Pharma, Inc.)
Termination for Insolvency Event. In the event one Party (“Insolvency Party”) incurs If an Insolvency EventEvent occurs in relation to a Party, the other Party (“Non-Insolvency Party”) shall have the right to may by notice in writing terminate this Agreement in its entirety effective immediately upon written notice to the Insolvency Party of such terminationimmediately.
Appears in 1 contract
Samples: Licence Agreement (Nuvilex, Inc.)
