Examples of NYU Agreement in a sentence
In particular Axonyx shall not commit or permit any actions or omissions that would cause a breach of the NYU Agreement.
For clarity, with regard to any Drug Candidate, Licensed Drug Candidate and Licensed Product, any Patent Right comprising a Valid Claim that covers such Drug Candidate, Licensed Drug Candidate or Licensed Product, including whether it is an “Improvement” or an “IDD” as defined in NYU Agreement, is deemed to be a necessary Patent Right, and Repare shall Control such Patent Right.
Immediately after the Effective Date, Axonyx shall meet with New York University and negotiate and sign an amendment to the NYU Agreement to make the terms of the Development Plan (as defined therein) consistent both with the new Research Project defined in the March 19, 1999 amendment to the NYU Agreement and with Axonyx's current reasonable research and development plans for Patented Products, as required under the NYU Agreement.
As ARS' indemnification, defense and hold harmless obligations pursuant to this Section 7.07 have been assumed by ARS solely to satisfy Axonyx's obligations to NYU under the NYU Agreement, Axonyx will reimburse ARS upon demand for any liabilities, damage, losses, costs or expenses that ARS sustains or incurs in connection with such indemnification, hold harmless and defense obligations.
Subject to obtaining the consent of New York University pursuant to Section 7.5 of the Development Agreement and Right to License, upon any termination of the NYU Agreement, the License Agreement shall not terminate but Axonyx's rights and obligations thereunder with respect to any Axonyx Patent Rights covered by the License Agreement shall be automatically assigned to New York University.
ARS shall provide NYU with written notice at least sixty (60) days prior to the cancellation, non-renewal or material change in such insurance; if ARS does not obtain replacement insurance providing comparable coverage within such sixty (60) day period, NYU shall have the right to terminate the NYU Agreement effective at the end of such sixty (60) day period without notice or any additional waiting periods.
Upon any termination of the NYU Agreement, this Agreement shall not terminate but Axonyx's rights and obligations hereunder with respect to any Axonyx Patent Rights covered by the NYU Agreement shall be automatically assigned to NYU.