Common use of Upon Unilateral Termination by GSK Clause in Contracts

Upon Unilateral Termination by GSK. In the event of a unilateral termination of this Agreement in its entirety or any Program by GSK pursuant to Section 12.3, the following terms shall apply: (a) Notwithstanding anything contained herein to the contrary, all licenses granted to GSK with respect to Compounds and GSK Products in the terminated Program (or, in the case of termination of the entire Agreement, all Compounds and GSK Products) shall terminate, each such GSK Product shall be deemed to be a Dynavax Product, and the terms and conditions of Sections 5.3, 6.5 and 6.6 shall apply with respect to such Dynavax Products; (b) as of the date of notice of such termination, GSK shall not be required to use Commercially Reasonable Efforts to progress any GSK Products in the terminated Program(s) under this Agreement, and as of the effective date of such termination, GSK will cease any and all Development and commercialization activities with respect to Compounds included in a terminated Program (or in the case of termination of the entire Agreement, all Programs); provided, however, that nothing in this Section 12.5.2 is intended to limit GSK’s obligations under Section 12.5.5; (c) All unexercised Options with respect to the terminated Program(s) as of the date that Dynavax receives such notice from GSK shall be cancelled and of no force and effect; (d) With respect to any Compound in a terminated Program (or in the case of termination of the entire Agreement, all Programs), GSK shall grant, and hereby grants, to Dynavax an exclusive right and license, with the right to grant sublicenses, under GSK’s (including its Affiliate’s and Sublicensee’s) interest in any Collaboration IP and GSK Development IP [ * ], solely to Develop, make, have made, use, sell, offer to sell and import such Compound as a Dynavax Product in the Field in the Territory, for so long as it continues to do so, subject to the royalty obligations set forth in Sections 6.5 and 6.6; and (e) In the event of termination of the Agreement in its entirety or on a Program-by-Program basis pursuant to Section 12.3, all of Dynavax’s and GSK’s respective [ * ] with respect to TLRs in the terminated Program(s) shall immediately terminate and no longer be of any force or effect.

Appears in 2 contracts

Samples: Research and Development Collaboration and License Agreement (Dynavax Technologies Corp), Research and Development Collaboration and License Agreement (Dynavax Technologies Corp)

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Upon Unilateral Termination by GSK. In the event of a unilateral termination of this Agreement in its entirety or any Program by GSK pursuant to Section Sections 5.3(b), 7.3 or 12.3, the following terms shall apply: (ai) Notwithstanding anything contained herein to the contrary, all licenses granted to GSK with respect to Compounds and GSK Products in the terminated Program (or, in the case of termination of the entire Agreement, all Compounds and GSK Products) shall terminate, each such GSK Product shall be deemed to be a Dynavax ProductPROSENSA Product and PROSENSA shall have the exclusive right, at its sole discretion, to Research, Develop and commercialize such PROSENSA Product in the terms and conditions of Sections 5.3Territory in the Field, 6.5 and 6.6 shall apply alone or with respect any Third Party or through any Sublicensee, Affiliate or subcontractor without any obligation to such Dynavax ProductsGSK, subject to the applicable payment obligations under Section 6.5; (bii) as of the date of notice of such termination, GSK shall not be required to use Commercially Reasonable Efforts to progress any GSK Products in the terminated Program(s) under this Agreement, and as of the effective date of such termination, GSK will cease any and all Development and commercialization activities with respect to Compounds included in a terminated Program (or in the case of termination of the entire Agreement, all Programs); provided, however, that nothing in this Section 12.5.2 12.5(b) is intended to limit GSK’s obligations under Section 12.5.512.5(e); (ciii) All unexercised Options with respect to the terminated Program(s) as of the date that Dynavax PROSENSA receives such notice from GSK shall be cancelled and of no force and effect; (div) With respect to any Compound in a terminated Program (or in the case of termination of the entire Agreement, all Programs), GSK shall grant, and hereby grants, to Dynavax PROSENSA an exclusive right and license, with the right to grant sublicenses, under the GSK IP and GSK’s (including its Affiliate’s and Sublicensee’s) interest share in any Collaboration Joint IP and GSK Development IP [ * ], solely to Develop, make, have made, use, sell, offer to sell and import such Compound as a Dynavax PROSENSA Product in the Field in the Territory, for so long as it continues to do so, subject and PROSENSA shall have the exclusive right, at its sole discretion, to Research, Develop and commercialize such Compound as a PROSENSA Product in the royalty obligations set forth Territory in Sections 6.5 and 6.6the Field, alone or with any Third Party or through any Sublicensee, Affiliate or subcontractor without any obligation to GSK; and (e) In the event of termination of the Agreement in its entirety or on a Program-by-Program basis pursuant to Section 12.3, all of Dynavax’s and GSK’s respective [ * ] with respect to TLRs in the terminated Program(s) shall immediately terminate and no longer be of any force or effect.

Appears in 2 contracts

Samples: Research and Development Collaboration and License Agreement (Prosensa Holding B.V.), Research and Development Collaboration and License Agreement (Prosensa Holding B.V.)

Upon Unilateral Termination by GSK. In the event of a unilateral termination of this Agreement in its entirety or any Program by GSK pursuant to Section Sections 5.2(b), 7.2 or 12.3, the following terms shall apply: (ai) Notwithstanding anything contained herein to the contrary, all licenses granted to GSK with respect to Compounds Vectors and GSK Products in the terminated Program (or, in the case of termination of the entire Agreement, all Compounds Vectors and GSK Products) shall terminate, each such GSK Product shall be deemed to be a Dynavax ProductTELETHON-HSR Product and TELETHON-HSR shall have the exclusive right, at its sole discretion, to further Develop and commercialize such TELETHON-HSR Product in the terms Territory in the Field, alone or with any Third Party or through any Sublicensee, Affiliate or subcontractor without any obligation to GSK, subject to the applicable payment obligations under Section 6.5; GSK will be obligated to pay any uncancellable and conditions incurred charges under a Collaboration Program that cannot be avoided by TELETHON-HSR as mitigation of Sections 5.3costs during the [***] period after notice of termination for winding down of the relevant Program, 6.5 and 6.6 provided however, that GSK shall apply with respect not be obligated to pay any additional amounts that would amount to being a penalty for such Dynavax Productstermination; (bii) as of the date of notice of such termination, GSK shall not be required to use Commercially Reasonable Efforts to progress any GSK Products in the terminated Program(s) under this Agreement, and as of the effective date of such termination, GSK will cease any and all Development and commercialization activities with respect to Compounds Vectors included in a terminated Program (or in the case of termination of the entire Agreement, all Programs); provided, however, that nothing in this Section 12.5.2 12.5(b) is intended to limit GSK’s obligations under Section 12.5.512.5(e); (ciii) All unexercised Options with respect to the terminated Program(s) as of the date that Dynavax TELETHON-HSR receives such notice from GSK shall be cancelled and of no force and effect; (div) With respect to any Compound Product in a terminated Program (or in the case of termination of the entire Agreement, all Programs), GSK shall grant, and hereby grants, to Dynavax TELETHON-HSR an exclusive right and license, with the right to grant sublicenses, under GSK’s (including its Affiliate’s and Sublicensee’s) interest share in any Collaboration Joint IP and GSK Development IP [ * ], solely to Develop, make, have made, use, sell, offer to sell and import such Compound Vector as a Dynavax TELETHON-HSR Product in the Field in the Territory, for so long as it it, its Affiliates, subcontractors and/or Sublicensees continues to do so, subject and TELETHON-HSR shall have the exclusive right, at its sole discretion, to the royalty obligations set forth in Sections 6.5 further Develop and 6.6; and (e) In the event of termination of the Agreement in its entirety or on commercialize such Vector as a ProgramTELETHON-by-Program basis pursuant to Section 12.3, all of Dynavax’s and GSK’s respective [ * ] with respect to TLRs HSR Product in the terminated Program(s) Territory in the Field, alone or with any Third Party or through any Sublicensee, Affiliate or subcontractor without any obligation to GSK, and TELETHON-HSR shall immediately terminate have the right to negotiate in good faith and no longer be of any force or effecton commercially reasonable terms for a license under the relevant GSK IP solely as required to further Develop and commercialize such TELETHON-HSR Products in the Field and in the Territory.

Appears in 2 contracts

Samples: Research and Development Collaboration and License Agreement (Orchard Rx LTD), Research and Development Collaboration and License Agreement (Orchard Rx LTD)

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Upon Unilateral Termination by GSK. (a) In the event of a unilateral termination of this Agreement in its entirety or any Program Project by GSK pursuant to Section 12.3, the following terms shall apply: (ai) Notwithstanding anything contained herein to the contrary, all licenses granted to GSK with respect to GSK Development Compounds and from a terminated Project(s), if any, for which GSK Products in the terminated Program (or, in the case of termination of the entire Agreement, all Compounds and GSK Products) shall terminate, each such GSK Product shall be deemed to be a Dynavax Product, and the terms and conditions of Sections 5.3, 6.5 and 6.6 shall apply with respect to such Dynavax Products; (b) as of the date of notice of such termination, GSK shall not be required to use Commercially Reasonable Efforts to progress any GSK Products in the terminated Program(s) under this Agreement, and has previously exercised its Option as of the effective date of such termination, GSK will cease any and all Development and commercialization activities with respect to Compounds included in a terminated Program (or in the case of termination of the entire Agreement, all Programs); provided, however, that nothing in this Section 12.5.2 is intended to limit GSK’s obligations under Section 12.5.5shall terminate; (cii) All unexercised Options with respect to the terminated Program(ssuch Project(s) as of the date that Dynavax Anacor receives such notice from GSK shall be cancelled and of no force and effect; (diii) With respect to any Compound in If the Parties have discovered one or more Collaboration Compounds (other than GSK Development Compounds) under the Research Collaboration with activity against a Target that is the subject of the terminated Program Project (or in the case of termination of the entire Agreement, all Programsany Project), GSK such Collaboration Compounds shall grantbe deemed to be Anacor Development Compounds, and hereby grants, to Dynavax an exclusive right and license, with the right to grant sublicenses, under GSK’s (including its Affiliate’s and Sublicensee’s) interest in any Collaboration IP and GSK Development IP [ * ], solely to Develop, make, have made, use, sell, offer to sell and import such Compound as a Dynavax Product in the Field in the Territory, for so long as it continues to do so, subject to the royalty obligations set forth in Sections 6.5 and 6.6; and (e) In the event terms of termination of the Agreement in its entirety or on a Program-by-Program basis pursuant to Section 12.3, all of Dynavax’s and GSK’s respective [ * ] 5.3.1 shall apply with respect to TLRs in such Anacor Development Compounds; [***] THE SYMBOL [***] IS USED TO INDICATE THAT A PORTION OF THE EXHIBIT HAS BEEN OMITTED AND FILED SEPARATELY WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH RESPECT TO THE OMITTED PORTION. (iv) With respect to a given GSK Development Compound (or Product that incorporates a GSK Development Compound), (A) such GSK Development Compound shall be deemed to be an Anacor Development Compound; and (B) the terminated Program(sterms and conditions of Section 5.3.2 shall apply with respect to such Anacor Development Compound. (b) All of Anacor's exclusivity obligations under Section 7.1 shall immediately terminate and no longer be of any force or effecteffect with respect to the Project(s) being terminated and the Target(s) and Collaboration Compounds relating to such terminated Project(s).

Appears in 1 contract

Samples: Research and Development Collaboration, Option and License Agreement (Anacor Pharmaceuticals Inc)

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