Common use of Lilly License Clause in Contracts

Lilly License. (i) Cubist shall, for the benefit of Gilead, faithfully and timely perform and discharge its obligations under the Lilly License and shall not permit any action to be taken or event to occur, in each case, within Cubist's reasonable control, which would give Lilly the right to terminate the Lilly License. Notwithstanding the provisions of the foregoing sentence, [*]. If Cubist is notified or otherwise becomes aware of its material breach of the Lilly License, it shall promptly notify Gilead. [*]. If Cubist does not perform the agreed upon remedy of such breach within the designated time, [*]. (ii) It is agreed and acknowledged that in the event of termination of the Lilly License, [*].

Lilly License. (i) Cubist shall, for the benefit of Gilead, faithfully and timely perform and discharge its obligations under the Lilly License and shall not permit any action to be taken or event to occur, in each case, within Cubist's reasonable control, which would give Lilly the right to terminate the Lilly License. Notwithstanding the provisions of the foregoing sentence, [[ ]*]. If Cubist is notified or otherwise becomes aware of its material breach of the Lilly License, it shall promptly notify Gilead. [[ ]*]. If Cubist does not perform the agreed upon remedy of such breach within the designated time, [[ ]*]. (ii) It is agreed and acknowledged that in the event of termination of the Lilly License, [[ ]*].