Termination Upon Bankruptcy or Insolvency. This Agreement may be terminated by Scripps giving written notice of termination to Licensee upon the filing of bankruptcy or bankruptcy of Licensee or the appointment of a receiver of any of Licensee's assets, or the making by Licensee of any assignment for the benefit of creditors, or the institution of any proceedings against Licensee under any bankruptcy law. Termination shall be effective upon the date specified in such notice.
Appears in 11 contracts
Samples: License Agreement (Optimer Pharmaceuticals Inc), License Agreement (Optimer Pharmaceuticals Inc), License Agreement (Optimer Pharmaceuticals Inc)
Termination Upon Bankruptcy or Insolvency. This Agreement may be terminated by Scripps giving written notice of termination to Licensee upon the filing of bankruptcy or bankruptcy of Licensee or the appointment of a receiver of any of Licensee's assets, or the making by Licensee of any assignment for the benefit of creditors, or the institution of any proceedings against Licensee under any bankruptcy lawlaw which proceeding is not dismissed with prejudice within ninety (90) days from its initiation. Termination shall be effective upon the date specified in such notice.
Appears in 5 contracts
Samples: License Agreement, License Agreement (Cytotherapeutics Inc/De), License Agreement (Cytotherapeutics Inc/De)
Termination Upon Bankruptcy or Insolvency. This Agreement may be terminated by Scripps giving written notice of termination to Licensee upon (a) the voluntary filing of bankruptcy or bankruptcy of Licensee or the appointment of a receiver of any all or substantially all of Licensee's assets, or the making by Licensee of any assignment for the benefit of creditors, or (b) the institution of any proceedings against Licensee under any bankruptcy lawlaw which continues undismissed or unstated for a period of ninety (90) days. Termination shall be effective upon the date specified in such notice.
Appears in 1 contract
Samples: License Agreement (Applied Molecular Evolution Inc)
Termination Upon Bankruptcy or Insolvency. This Agreement may be terminated by Scripps giving written notice of termination to Licensee upon the filing of bankruptcy or bankruptcy of Licensee or the appointment of a receiver of any of Licensee's ’s assets, or the making by Licensee of any assignment for the benefit of creditors, or the institution of any proceedings against Licensee under any bankruptcy law. Termination shall be effective upon the date specified in such notice.
Appears in 1 contract
