Product Terminations Sample Clauses

Product Terminations. If Roche formally terminates or otherwise discontinues all development and/or commercialization activities with regard to a particular Product (i.e., for a particular Product for all indications in the Field), but not all Products then in active development), and/or for any reason or must divest a particular Product to obtain regulatory approval for any transaction, Roche shall promptly (and in no event later than thirty (30) days after such decision or discontinuance) notify Maxygen in writing. Any such notice shall serve as notice of permissive termination by Roche pursuant to Section 18.4, and in any such case, Roche’s license and rights with regard to the applicable Product shall terminate and such Product shall be deemed to be a Reverted Product, and the terms of Section 18.7 shall apply thereto. In such event, this Agreement will remain in effect with regard to other Products for use in the Field in the Territory.