Common use of Payment Reduction Clause in Contracts

Payment Reduction. Maintain this Agreement in full force and effect (foregoing the right to terminate this Agreement for such occurrence of such breach) and all amounts set forth in Article 8 that are thereafter owed by Sarepta to Summit shall be reduced by [**]. In addition to the reduction set forth in this Section 13.3.1(b), the consequences set forth in Section 13.4 shall also apply in the circumstances set forth therein.

Appears in 2 contracts

Sources: License and Collaboration Agreement (Sarepta Therapeutics, Inc.), License and Collaboration Agreement (Summit Therapeutics PLC)