Termination of Development Agreement. If Developer fails to timely cure any item(s) of non-compliance set forth in a Notice of Default, then the City shall have the right but not the obligation to initiate proceedings for the purpose of terminating this Agreement pursuant to Section 11.4 below.
Termination of Development Agreement. Lilly, PPD and GenuPro hereby terminate the Development Agreement effective as of the Termination Date. As of the Termination Date, the Development Agreement shall have no further force or effect and no party thereto shall have any further right or obligation thereunder except that:
a. Termination of the Development Agreement shall not release or discharge any party from the performance of any obligation, the payment of any debt or responsibility for any liability which may have accrued prior to the Termination Date and remains to be performed, paid or discharged, as of the Termination Date. However, following the Termination Date, no further obligations under the Development Agreement shall by incurred by any party, except as specifically provided in subparagraphs b and c below.
b. The obligations of confidentiality set forth in Section 10.1 and 10.2 of the Development Agreement shall continue in effect for the period stated therein.
c. The obligations to indemnify set forth in Sections 14.03(a) of the Development Agreement shall continue in effect indefinitely, but only with respect to any cause of action arising prior to the Termination Date. Without limiting the generality of the foregoing, following the Termination Date, Lilly shall have no further obligation to provide any assistance of any type to PPD or GenuPro in connection with the research, development, manufacturing or sale of Dapoxetine, Product or any other product.
Termination of Development Agreement. Subject to the terms and conditions of this Termination Agreement and without any further action of the Parties, the Development Agreement is hereby terminated effective as of the Effective Date. From and upon the Effective Date, and except as otherwise provided herein and to the extent required to interpret this Termination Agreement, the Development Agreement is of no further force or effect, and the rights and obligations of each of the Parties thereunder have terminated, including, without limitation, GSK’s commercial launch diligence obligations under Section 3.9.1
Termination of Development Agreement. If MINI of Santa Xxxxxx fails to timely cure any item(s) of non-compliance set forth in a Notice of Default, then the City shall have the right but not the obligation to initiate proceedings for the purpose of terminating this Agreement pursuant to Section 11.4 below.
Termination of Development Agreement. If the Development Agreement is terminated, Patheon will continue to provide the Client with stability data supporting the acceptability of the CTM until all such CTM distributed by the Client has reached the end of its shelf-life.
Termination of Development Agreement. In addition to the amendment or cancellation of this Development Agreement pursuant to Section 3.5, this Development Agreement shall be deemed terminated and of no further effect upon the occurrence of any of the following events:
a) Expiration of the term of this Development Agreement as set forth in Section 3.2.
b) Termination due to Developer Default in accordance with Section 8.3 below.
c) Entry of a final judgment setting aside, voiding or annulling the adoption of the ordinance approving this Development Agreement.
d) The adoption of a referendum measure repealing the ordinance approving this Development Agreement. Termination of this Development Agreement as provided in this Section 3.6 shall not constitute termination of any other land use entitlements approved for the Property, including but not limited to all conditions and mitigation means imposed as part of such entitlements, prior to the date of the termination. Upon the termination of this Development Agreement, no party shall have any further right or obligation hereunder except with respect to any obligation to have been performed before such termination or with respect to any default in the performance of the provisions of this Development Agreement which has occurred before such termination or with respect to any obligations which are specifically set forth as surviving this Development Agreement.
Termination of Development Agreement. The parities acknowledge and agree that the Development Agreement contains certain termination rights and that in the event the Development Agreement is terminated this Agreement shall terminate concurrently.
Termination of Development Agreement. The parities acknowledge and agree that the Development Agreement contains certain termination rights and that in the event the Development Agreement is terminated this Covenant shall terminate concurrently, in which case the City Conveyed Land will be transferred to the City and the Hambling Conveyed Land will be transferred back to Hambling. The parties agree to execute and deliver such reasonable documentation necessary to effectuate such transfers.
Termination of Development Agreement. GSK or Exelixis, as the case may be, shall terminate the Development Agreement pursuant to Sections 12.2.1 or 12.4 thereof;”
1.12 Amendment of Exhibit B (Form of Patent Office Filing), Section 1.6. Exhibit B (Form of Patent Office Filing), Section 1.6 is hereby deleted in its entirety and replaced with the following:
Termination of Development Agreement. If the Development Agreement terminates or is terminated for any reason other than completion of construction of the Entertainment Center, then this Lease shall automatically terminate and neither the City nor the Company shall have any rights, liabilities or obligations hereunder except those that expressly survive the termination of this Lease; provided, however, nothing in the foregoing provision shall limit the rights or remedies of a non-defaulting party if the Development Agreement is terminated as a result of the default of the other party.
