Termination for Material Adverse Effect Sample Clauses
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Termination for Material Adverse Effect. In the event of a Material Adverse Effect within the scope of Section 2.6 above, the Hospital Systems, by mutual agreement, may terminate this Agreement upon 10 days’ written notice to SH.
Termination for Material Adverse Effect. Subject to Section 21.3, either Party may terminate this Agreement by [***] days’ advanced written notice if there is a Material Adverse Effect of the other Party, which written notice shall specify in detail the events or actions giving rise to the Material Adverse Effect and the adverse effect of such events or actions on the reputation of the Party seeking to terminate this Agreement. If the other Party, upon receiving such written notice identifying such Material Adverse Effect, disputes in good faith the existence of such Material Adverse Effect, Section 21.3 shall apply.
Termination for Material Adverse Effect. Sulzer shall have the right to --------------------------------------- terminate this Agreement on 60 days written notice to Tutogen in the event that: (i) Tutogen declines to follow Sulzer's recommendation in setting the amount of the fee for Tutogen's services in making a Processed Tissue available to users in the Territory, and (ii) sales of Sulzer's BAK interbody fusion cage (or successor product) decline over any consecutive three-month period; provided that, the Agreement shall not terminate according to this Section 7.5 if Tutogen, during the 60-day notice period prior to termination, shall adjust the amount of its fee to the fee recommended by Sulzer.
Termination for Material Adverse Effect. In the event a Party terminates this Agreement pursuant to Section 15.6, then (a) each Party’s Unilateral Programs and Sole Development Programs shall remain in effect; (b) each Joint Development Program shall remain a Joint Development Program with respect to each Party’s funding obligations and sharing of Net Profits or Losses, however the Non-Lead Party shall no longer perform any Development activities with respect thereto unless agreed in writing by the Lead Party; and (c) the Parties shall take turns designating any Undesignated Target as its Unilateral Target, with the non-terminating Party having the first pick, the terminating Party having the second pick, and so forth until all Undesignated Targets have been allocated.