Common use of Termination in case of Force Majeure Clause in Contracts

Termination in case of Force Majeure. If the delay continues beyond 30 Business Days, after the notice given under clause 18.2, the Parties must meet to discuss in good faith a mutually satisfactory resolution of the problem and, if unable to achieve such a resolution within a further 30 Business Days, either party may elect to terminate this agreement by 5 Business Days prior written notice to the other.

Appears in 2 contracts

Samples: Research and Licence Agreement (Chemgenex Pharmaceuticals LTD), Research and Licence Agreement (Chemgenex Pharmaceuticals LTD)

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Termination in case of Force Majeure. If the delay continues beyond 30 Business Days, days after the notice given under clause 18.220.2, the Parties parties must meet to discuss in good faith a mutually satisfactory resolution of the problem and, if unable to achieve such a resolution within a further 30 Business Days60 days, either party may elect to terminate this agreement Agreement by 5 Business Days 30 days prior written notice to the other.

Appears in 2 contracts

Samples: Agreement (TearLab Corp), Agreement (OccuLogix, Inc.)

Termination in case of Force Majeure. If the delay continues beyond 30 Business Days, days after the notice given under clause 18.221.2, the Parties parties must meet to discuss in good faith a mutually satisfactory resolution of the problem and, if unable to achieve such a resolution within a further 30 Business Days60 days, either party may elect to terminate this agreement Agreement by 5 Business Days 30 days’ prior written notice to the other.

Appears in 1 contract

Samples: Confidential Treatment Requested (TearLab Corp)

Termination in case of Force Majeure. If the delay continues beyond 30 Business Days, after the notice given under clause 18.217.2, the Parties must meet to discuss in good faith a mutually satisfactory resolution of the problem and, if unable to achieve such a resolution within a further 30 Business Days, either party may elect to terminate this agreement by 5 five (5) Business Days prior written notice to the other.

Appears in 1 contract

Samples: Research and Licence Agreement (Chemgenex Pharmaceuticals LTD)

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Termination in case of Force Majeure. If the delay continues beyond 30 Business Days, days after the notice given under clause 18.222.2, the Parties parties must meet to discuss in good faith a mutually satisfactory resolution of the problem and, if unable to achieve such a resolution within a further 30 Business Days60 days, either party may elect to terminate this agreement Agreement by 5 Business Days 30 days’ prior written notice to the other.

Appears in 1 contract

Samples: Confidential Treatment Requested (TearLab Corp)

Termination in case of Force Majeure. If the delay continues beyond 30 Business Days, 10 business days after the notice Notice given under clause 18.2Clause 19.2, the Parties must meet to discuss in good faith a mutually satisfactory resolution of the problem and, if problem. If they are unable to achieve such a resolution within a further 30 Business Days10 business days, either party Party may elect to terminate this agreement Agreement by giving 5 Business Days business days’ prior written notice Notice to the other.

Appears in 1 contract

Samples: Licence Agreement (US Energy Initiatives CORP)

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