Unilateral Right to Terminate. Ophthotech shall have the right to terminate this Agreement, for any reason, upon (a) at least ninety (90) days’ prior written notice to Archemix, such notice to state the date at least ninety (90) days following the date of receipt of such notice by Archemix upon which termination is to be effective, and (b) the payment by Ophthotech of all amounts due to Archemix through such termination effective date.
Appears in 4 contracts
Samples: Exclusive License Agreement (Ophthotech Corp.), Exclusive License Agreement (Ophthotech Corp.), Exclusive License Agreement (Nitromed Inc)