Common use of By GI Clause in Contracts

By GI. In the event that, (i) pursuant to Section 14.2 hereof, JHU terminates the licenses it granted to GI hereunder, or (ii) GI otherwise withdraws from. or ceases to be a Party to this Agreement, MetaMorphix, at its option, within thirty (30) days after the effective date of such termination or MetaMorphix's receipt of written notice that GI has ceased to be a Party to this Agreement, as applicable, may assume GI' rights and obligations under this Agreement, including, without limitation, GI's rights under the license from JHU set forth in Section 6.3, above, and GI's obligation to pay royalties and fees to JHU, at the rates and in the amounts set forth in this Agreement, or at such other rates and amounts as JHU and MetaMorphix shall agree are appropriate under the circumstances. An assignment in accordance with Section 15.8 shall not constitute a withdrawal.

By GI. In the event that, (i) pursuant to Section 14.2 hereof, JHU terminates the licenses it granted to GI hereunder, or (ii) GI otherwise withdraws from. or ceases to be a Party to this Agreement, MetaMorphix, at its option, within thirty (30) days after the effective date of such termination or MetaMorphix's ’s receipt of written notice that GI has ceased to be a Party to this Agreement, as applicable, may assume GI' ’ rights and obligations under this Agreement, . including, without limitation, GI's ’s rights under the license from JHU set forth in Section 6.3, above, and GI's ’s obligation to pay royalties and fees to JHU, at the rates and in the amounts set forth in this Agreement, or at such other rates and amounts as JHU and MetaMorphix shall agree are appropriate under the circumstances. An assignment in accordance with Section 15.8 shall not constitute a withdrawal.