Common use of Monetary Awards Clause in Contracts

Monetary Awards. Any damages or other monetary awards recovered by reason of litigation under Section 7.4(b) shall be allocated first to the costs and expenses of the Party bringing suit, then to the costs and expenses, if any, of the other Party. Any amounts remaining shall be allocated 80% to the Party bringing suit and 20% to the other Party. A settlement or consent judgment or other voluntary final disposition of a suit under Sections 7.4(b) or (c) may be entered into without the consent of the Party not bringing the suit; provided that such action affects only the Field and does not or shall not waive or affect any rights of Alexion or any licensor thereof outside the Field, and results only in the payment of money by or other obligation of GTI or a third party (other than Alexion or a licensor thereof).

Appears in 2 contracts

Sources: License and Collaborative Research Agreement (Alexion Pharmaceuticals Inc), License and Collaborative Research Agreement (Alexion Pharmaceuticals Inc)