Common use of Licensee’s Right to Terminate Clause in Contracts

Licensee’s Right to Terminate. Licensee may, upon six months’ prior written notice to Licensor, terminate this Agreement for any reason, with or without cause; provided that, if such termination notice is sent prior to payment in full of the initial fee under Section 3.1, such termination notice shall be accompanied by Licensee’s payment of all unpaid amounts in satisfaction of the remainder of the initial fee under Section 3.1.

Appears in 3 contracts

Samples: License Agreement (AveXis, Inc.), License Agreement (REGENXBIO Inc.), License Agreement (AveXis, Inc.)

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Licensee’s Right to Terminate. Licensee may, upon six three months’ prior written notice to Licensor, terminate this Agreement for any reason. In exercising such termination right, with or without cause; provided thatLicensee may terminate this Agreement in its entirety or, if such termination desired, Licensee may specify in the written notice that this Agreement is sent prior terminating only with respect to payment in full one or more of the initial fee under Section 3.1, such termination notice shall be accompanied by Licensee’s payment of all unpaid amounts in satisfaction of Licensed Indications within the remainder of the initial fee under Section 3.1Field.

Appears in 2 contracts

Samples: Option and License Agreement (REGENXBIO Inc.), Option and License Agreement (REGENXBIO Inc.)

Licensee’s Right to Terminate. Licensee may, upon six three months’ prior written notice to Licensor, terminate this Agreement for any reason. In exercising such termination right, with or without cause; provided thatLicensee may terminate the Agreement in its entirety or, if such termination desired, Licensee may specify in the written notice that this Agreement is sent prior terminating only with respect to payment in full one or more of the initial fee under Section 3.1, such termination notice shall be accompanied by Licensee’s payment of all unpaid amounts in satisfaction of disease indications within the remainder of the initial fee under Section 3.1Field.

Appears in 2 contracts

Samples: License Agreement (REGENXBIO Inc.), License Agreement (REGENXBIO Inc.)

Licensee’s Right to Terminate. Licensee may, upon six months’ prior written notice to Licensor, terminate this Agreement for any reason, with or without cause; provided that. In exercising such termination right, Licensee may terminate the Agreement in its entirety or, if such termination desired, Licensee may specify in the written notice that this Agreement is sent prior terminating only with respect to payment in full of the initial fee under Section 3.1, such termination notice shall be accompanied by Licensee’s payment of all unpaid amounts in satisfaction of the remainder of the initial fee under Section 3.1one Field.

Appears in 1 contract

Samples: License Agreement (AveXis, Inc.)

Licensee’s Right to Terminate. Licensee may, upon six months’ prior written notice to Licensor, terminate this Agreement for any reason, with or without cause; provided that. In exercising such termination right, Licensee may terminate the Agreement in its entirety or, if such termination desired, Licensee may specify in the written notice that this Agreement is sent prior terminating only with respect to payment in full of one or more Field. ****Certain information has been omitted and filed separately with the initial fee under Section 3.1, such termination notice shall be accompanied by Licensee’s payment of all unpaid amounts in satisfaction of Commission. Confidential treatment has been requested with respect to the remainder of the initial fee under Section 3.1omitted portions.

Appears in 1 contract

Samples: License Agreement (REGENXBIO Inc.)

Licensee’s Right to Terminate. Licensee may, upon six months’ **** prior written notice to Licensor, terminate this Agreement for any reason, with or without cause; provided that, if such termination notice is sent prior to payment in full of the initial fee under Section 3.1, such termination notice shall be accompanied by Licensee’s payment of all unpaid amounts in satisfaction of the remainder of the initial fee under Section 3.1.

Appears in 1 contract

Samples: License Agreement (REGENXBIO Inc.)

Licensee’s Right to Terminate. Licensee may, upon six months’ [*] prior written notice to Licensor, terminate this Agreement for any reason, with or without cause; provided that, if such termination notice is sent prior to payment in full of the initial fee under Section 3.1, such termination notice shall be accompanied by Licensee’s payment of all unpaid amounts in satisfaction of the remainder of the initial fee under Section 3.1.

Appears in 1 contract

Samples: License Agreement (Audentes Therapeutics, Inc.)

Licensee’s Right to Terminate. Licensee may, upon six months90 days’ prior written notice to Licensor, terminate this Agreement for any reason, with or without cause; provided that, if such termination notice is sent prior to payment in full the first anniversary of the initial fee under Section 3.1Effective Date, such termination notice shall be accompanied by Licensee’s payment of all unpaid amounts $400,000 in satisfaction of the remainder of the initial fee under Section 3.1.

Appears in 1 contract

Samples: License Agreement (REGENXBIO Inc.)

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Licensee’s Right to Terminate. Licensee may, upon six months’ prior written notice to Licensor, terminate this Agreement for any reason, with or without cause; provided that, if such termination notice is sent prior to payment in full of the initial fee under Section 3.1, such termination notice shall be accompanied by Licensee’s payment of all unpaid amounts in satisfaction of the remainder of the initial fee under Section 3.1.

Appears in 1 contract

Samples: License Agreement (Prevail Therapeutics Inc.)

Licensee’s Right to Terminate. Licensee may, upon six months’ prior written notice to Licensor, terminate this Agreement for any reason, with or without cause; provided that. In exercising such termination right, Licensee may terminate the Agreement in its entirety or, if such termination desired, Licensee may specify in the written notice that this Agreement is sent prior terminating only with respect to payment in full of the initial fee under Section 3.1, such termination notice shall be accompanied by Licensee’s payment of all unpaid amounts in satisfaction of the remainder of the initial fee under Section 3.1one or more Field.

Appears in 1 contract

Samples: License Agreement (Abeona Therapeutics Inc.)

Licensee’s Right to Terminate. Licensee may, upon six months90 days’ prior written notice to Licensor, terminate this Agreement for any reason, with or without cause; provided that, if such termination notice is sent prior to payment in full the **** of the initial fee under Section 3.1Effective Date, such termination notice shall be accompanied by Licensee’s payment of all unpaid amounts **** in satisfaction of the remainder of the initial fee under Section 3.1.

Appears in 1 contract

Samples: License Agreement (REGENXBIO Inc.)

Licensee’s Right to Terminate. Licensee may, upon six shall have the right to terminate this Agreement at any time on 3 months’ prior written notice to Licensor, terminate this Agreement Licensor for any reason, with or without cause; provided that, if such termination notice is sent prior to payment in full of the initial fee under Section 3.1, such termination notice shall be accompanied by Licensee’s payment of all unpaid amounts in satisfaction of the remainder of the initial fee under Section 3.1.

Appears in 1 contract

Samples: Gateway License Agreement

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