Common use of Rights in Bankruptcy Clause in Contracts

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party are, and will otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws, licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws. The Parties agree that a Party that is a licensee of such rights under this Agreement will retain and may fully exercise all of its rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws, the other Party will be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and same, if not already in its possession, will be promptly delivered to it (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its written request therefor, unless the bankrupt Party elects to continue to perform all of its obligations under this Agreement, or (b) if not delivered under (a) above, following the rejection of this Agreement by or on behalf of the bankrupt Party upon written request therefor by the other Party.

Appears in 15 contracts

Samples: License Agreement (Amag Pharmaceuticals Inc.), Option and License Agreement (Aptose Biosciences Inc.), Collaboration and License Agreement (Rigel Pharmaceuticals Inc)

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Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party Licensee or Company are, and will shall otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode, licenses of right rights to “intellectual property” as defined under Section 101 101(34A) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties agree that a Party that is a licensee the Parties, as licensees of such rights under this Agreement will Agreement, shall retain and may fully exercise all of its their rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a either Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode, the other Party will hereto that is not a party to such proceeding shall be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual propertyproperty (including all Information related to such intellectual property and rights of reference with respect to Regulatory Approvals), and same, if not already in its their possession, will shall be promptly delivered to it them (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its their written request therefortherefore, unless the bankrupt Party elects subject to continue such proceeding continues to perform all of its obligations under this Agreement, or (b) if not delivered or granted under (a) above, following the rejection of this Agreement by or on behalf of the bankrupt Party subject to such proceeding upon written request therefor therefore by the other non-subject Party.

Appears in 6 contracts

Samples: Development and License Agreement (Seattle Genetics Inc /Wa), License Agreement (Immunomedics Inc), Development and License Agreement (Immunomedics Inc)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party Isis or OncoGenex are, and will otherwise be deemed to be, for purposes of Section 365(n) of the U.S. United States Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode, licenses of right rights to “intellectual property” as defined under Section 101 of the U.S. United States Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties agree that a Party that is a licensee the Parties, as licensees of such rights under this Agreement Agreement, will retain and may fully exercise all of its their rights and elections under the U.S. United States Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a Party to this Agreement under the U.S. United States Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode, the other Party hereto that is not a Party to such proceeding will be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and samewhich, if not already in its the non-subject Party’s possession, will be promptly delivered to it (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its the non-subject Party’s written request therefor, unless the bankrupt Party subject to such proceeding elects to continue to perform all of its obligations under this Agreement, Agreement or (b) if not delivered under clause (a) above, following the rejection of this Agreement by or on behalf of the bankrupt Party subject to such proceeding upon written request therefor by the other non-subject Party.

Appears in 6 contracts

Samples: Collaboration and Co Development Agreement (Oncogenex Technologies Inc), Collaboration and License Agreement (Oncogenex Technologies Inc), Collaboration and Co Development Agreement (Oncogenex Technologies Inc)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party party to the other Party party are, and will otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws, licenses of right rights to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws. The Parties parties agree that a Party party that is a licensee of such rights under this Agreement will retain and may fully exercise all of its rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws. The Parties parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a Party party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws, the other Party party will be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and samethe same will, if not already in its possession, will be promptly delivered to it (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its written request therefor, unless the bankrupt Party party elects to continue to perform all of its obligations under this Agreement, or (b) if not delivered under (a) above, following the rejection of this Agreement by or on behalf of the bankrupt Party party upon written request therefor by the other Partyparty.

Appears in 5 contracts

Samples: Development, License and Supply Agreement (OS Therapies Inc), Research and License Agreement (Xencor Inc), License and Collaboration Agreement (Advaxis, Inc.)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party Xxxxxxxxx and AstraZeneca are, and will shall otherwise be deemed to be, for purposes of Section 365(n) of the U.S. United States Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode, licenses of right rights to “intellectual property” as defined under Section 101 of the U.S. United States Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties agree that a Party that is a each Party, as licensee of such certain rights under this Agreement will Agreement, shall retain and may fully exercise all of its rights and elections under the U.S. United States Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a Party to this Agreement under the U.S. United States Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode, the other Party will shall be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property licensed to such other Party and all embodiments of such intellectual property, and samewhich, if not already in its such other Party’s possession, will shall be promptly delivered to it (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its such other Party’s written request therefor, unless the bankrupt Party elects to continue to perform all of its obligations under this Agreement, Agreement or (b) if not delivered under clause (a) above), following the rejection of this Agreement by or on behalf of the bankrupt Party upon written request therefor by the other Party.

Appears in 5 contracts

Samples: License and Collaboration Agreement (Hutchison China MediTech LTD), License and Collaboration Agreement (Hutchison China MediTech LTD), License and Collaboration Agreement (Hutchison China MediTech LTD)

Rights in Bankruptcy. All rights Licensed Patents and licenses granted under or pursuant to this Agreement by one Party to the other Party Section 5.08 are, and will shall otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, licenses of right rights to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties agree that each of them as a Party that is a licensee Licensee of such rights under this Agreement will Section 5.08, as applicable, shall retain and may fully exercise all of its their rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a either Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, the other Party will that is not a party to such proceeding shall be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and samewhich, if not already in its the non-subject Party’s possession, will shall be promptly delivered to it it: (ai) upon any such commencement the subject Party’s receipt of a bankruptcy or insolvency proceeding upon its written request thereforNotice from the non-subject Party requesting such information, unless the bankrupt Party subject to such proceeding elects to continue to perform all of its obligations under this Agreement, Section 5.08; or (bii) if not delivered under clause (ai) above, following the rejection of this Agreement Section 5.08 by or on behalf of the bankrupt subject Party upon written request therefor by receipt of a Notice from the other Partynon-subject Party requesting such information.

Appears in 5 contracts

Samples: Separation and Distribution Agreement (Baxalta Inc), Separation and Distribution Agreement (Baxter International Inc), Separation and Distribution Agreement (Baxalta Inc)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party are, and otherwise will otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws, licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws. The Parties agree that a Party that is a licensee of such rights under this Agreement will retain and may fully exercise all of its rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws, the other Party will be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and same, if not already in its possession, will be promptly delivered to it (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its written request therefor, unless the bankrupt Party elects to continue to perform all of its obligations under this Agreement, or (b) if not delivered under (a) above, following the rejection of this Agreement by or on behalf of the bankrupt Party upon written request therefor by the other Party.

Appears in 3 contracts

Samples: Collaboration and License Agreement (Adagene Inc.), Collaboration and License Agreement (Exelixis, Inc.), License Agreement (AzurRx BioPharma, Inc.)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party Licensee or Licensor are, and will shall otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties agree that a Party that is a licensee the Parties, as licensees of such rights under this Agreement will Agreement, shall retain and may fully exercise all of its their rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a either Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, the other Party will hereto that is not a Party to such proceeding shall be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and samewhich, if not already in its the non-subject Party’s possession, will shall be promptly delivered to it (ai) upon any such commencement of a bankruptcy or insolvency proceeding upon its the non-subject Party’s written request therefor, unless the bankrupt Party subject to such proceeding elects to continue to perform all of its obligations under this Agreement, or (bii) if not delivered under clause (ai) above, following the rejection of this Agreement by or on behalf of the bankrupt Party subject to such proceeding upon written request therefor by the other non-subject Party.

Appears in 3 contracts

Samples: License Agreement (Reata Pharmaceuticals Inc), License Agreement (Reata Pharmaceuticals Inc), License Agreement (Reata Pharmaceuticals Inc)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party Amylin and Lilly are, and will otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode, licenses of right rights to “intellectual property” "INTELLECTUAL PROPERTY" as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties parties agree that a Party that is a licensee the parties, as licensees of such rights under this Agreement Agreement, will retain and may fully exercise all of its their rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode, the other Party hereto that is not a Party to such proceeding will be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and samewhich, if not already in its the non-subject Party's possession, will be promptly delivered to it (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its the non-subject Party's written request therefor, unless the bankrupt Party elects subject to continue such proceeding continues to perform all of its obligations under this Agreement, Agreement or (b) if not delivered under clause (a) above, following the rejection of this Agreement by or on behalf of the bankrupt Party subject to such proceeding upon written request therefor by the other non-subject Party.

Appears in 3 contracts

Samples: Collaboration Agreement, Collaboration Agreement, Collaboration Agreement (Amylin Pharmaceuticals Inc)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party Impax or AstraZeneca are, and will shall otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties agree that a Party that is a licensee the Parties, as licensees of such rights under this Agreement will Agreement, shall retain and may fully exercise all of its their rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a either Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, the other Party will hereto that is not a Party to such proceeding shall be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and samewhich, if not already in its the non-subject Party’s possession, will shall be promptly delivered to it (ai) upon any such commencement of a bankruptcy or insolvency proceeding upon its the non-subject Party’s written request therefor, unless the bankrupt Party subject to such proceeding elects to continue to perform all of its obligations under this Agreement, or (bii) if not delivered under clause (ai) above, following the rejection of this Agreement by or on behalf of the bankrupt Party subject to such proceeding upon written request therefor by the non-subject Party. The Parties acknowledge and agree that payments made under Section 7.1 and 7.2 shall constitute royalties within the meaning of Section 365(n) of the U.S. Bankruptcy Code or any analogous provisions in any other Partycountry or jurisdiction.

Appears in 2 contracts

Samples: Development and Supply Agreement (Impax Laboratories Inc), Development and Supply Agreement (Impax Laboratories Inc)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party are, and will shall otherwise be deemed to be, for purposes of Section 365(n) of the U.S. United States Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode, licenses of right rights to “intellectual property” as defined under Section 101 101(35A) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties agree that a Party that is a Each Party, as licensee of such rights under this Agreement will Agreement, shall retain and may fully exercise all of its rights and elections under the U.S. United States Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties further agree that, in In the event of the commencement of a bankruptcy proceeding by or against a Party to this Agreement under the U.S. United States Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws(the “Insolvent Party”), the other Party will shall be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property certain Know-How licensed to it under this Agreement and all embodiments of such intellectual propertyKnow-How, provided that, Sorrento shall not be required to provide any duplicate copies and sameembodiments of Sorrento Know-How to Servier so long as Sorrento has already provided Sorrento Know-How it is required to provide to Servier under this Agreement, and, if not already in its possession, will shall be promptly delivered to it (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its written request therefortherefore, unless the bankrupt Insolvent Party elects to continue continues to perform all of its obligations under this Agreement, or (b) if not delivered or granted under (a) above, following the rejection of this Agreement by or on behalf of the bankrupt Insolvent Party upon written request therefor therefore by the other Party.

Appears in 2 contracts

Samples: License and Collaboration Agreement (Sorrento Therapeutics, Inc.), License and Collaboration Agreement (Sorrento Therapeutics, Inc.)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party SGI and MPI are, and will shall otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or any comparable provision of applicable bankruptcy or insolvency lawsany Law in any other jurisdiction, licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or any comparable provision of applicable bankruptcy or insolvency lawsany Law in any other jurisdiction. The Parties agree that a Party that is a each Party, as licensee of such rights under this Agreement will Agreement, shall retain and may fully exercise all of its rights and elections under the U.S. Bankruptcy Code or any comparable provision of applicable bankruptcy or insolvency lawsLaw in any other jurisdiction. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a Party to this Agreement under the U.S. Bankruptcy Code or any comparable provision of applicable bankruptcy or insolvency lawsLaw in any other jurisdiction, the other Party will shall be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and samewhich, if not already in its such other Party’s possession, will shall be promptly delivered to it such other Party (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its such other Party’s written request therefor, unless the bankrupt such Party elects to continue to perform [ *** ] = Certain confidential information contained in this document, marked by brackets, has been omitted because it is both (i) not material and (ii) would be competitively harmful if publicly disclosed. all of its obligations under this Agreement, or (b) if not delivered under clause (a) above), following the rejection of this Agreement by or on behalf of the bankrupt such Party upon written request therefor by the such other Party.

Appears in 2 contracts

Samples: Collaboration Agreement (Seattle Genetics Inc /Wa), Collaboration Agreement (Takeda Pharmaceutical Co LTD)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party are intended to the other Party arebe, and will shall otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws, licenses of right rights to “intellectual property” as defined under Section 101 101(35A) of the U.S. Bankruptcy Code for purposes of Section 365(n) of the United States Bankruptcy Code (the “Bankruptcy Code”) or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction. The Parties agree that a Party that is a the licensee of such rights intellectual property under this Agreement will shall retain and may fully exercise all of its rights and elections under the U.S. Bankruptcy Code, or any analogous provisions in any other country or jurisdiction. If a bankruptcy proceeding is commenced by or against either Party under the Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency laws. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsjurisdiction, the other non-debtor Party will shall be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property licensed hereunder, and all embodiments of such intellectual property, and samewhich, if not already in its the non-debtor Party’s possession, will shall be promptly delivered to it (a) upon any the non-debtor Party within [***] Business Days of such commencement of a bankruptcy or insolvency proceeding upon request; provided, that the debtor Party is excused from its written request therefor, unless obligation to deliver such intellectual property to the bankrupt extent the debtor Party elects to continue continues to perform all of its obligations under this Agreement, or (b) if not delivered under (a) above, following the rejection of Agreement and this Agreement by has not been rejected pursuant to the Bankruptcy Code or on behalf any analogous provision in any other country or jurisdiction. Confidential 103 *** Certain information in this agreement has been omitted and filed separately with the Securities and Exchange Commission. [***] indicates that text has been omitted and is the subject of the bankrupt Party upon written request therefor by the other Partya confidential treatment request.

Appears in 2 contracts

Samples: Option and Collaboration Agreement (Denali Therapeutics Inc.), Option and Collaboration Agreement (Denali Therapeutics Inc.)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party Genentech or BioNTech are, and will shall otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties agree that a Party that is a licensee the Parties, as licensees of such rights under this Agreement will Agreement, shall retain and may fully exercise all of its their rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a either Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, the other Party will hereto that is not a Party to such proceeding shall be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and samewhich, if not already in its the non-subject Party’s possession, will shall be promptly delivered to it (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its the non-subject Party’s written request therefor, unless the bankrupt Party subject to such proceeding elects to continue to perform all of its obligations under this Agreement, or (b) if not delivered under clause (a) above, following the rejection of this Agreement by or on behalf of the bankrupt Party subject to such proceeding upon written request therefor by the non-subject Party. The Parties acknowledge and agree that only payments under Section 8.6, royalty payments with respect to BioNTech Collaboration Product [***] pursuant to Section 5.3 and [***] shall (i) constitute royalties within the meaning of Section 365(n) of the U.S. Bankruptcy Code or any analogous provisions in any other Partycountry or jurisdiction or (ii) relate to licenses of intellectual property hereunder. To the extent permitted by applicable law, the non-subject Party shall have the right but not the obligation to take over the entire ownership of the Collaboration IP in consideration for a fair compensation.

Appears in 2 contracts

Samples: Collaboration Agreement (BioNTech SE), Collaboration Agreement (BioNTech SE)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party are, GSK or Surface are and will shall otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties agree that a Party that is a licensee the Parties, as licensees of such rights under this Agreement will Agreement, shall retain and may fully exercise all of its their rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a either Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, the other Party will hereto that is not a Party to such proceeding shall be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and samewhich, if not already in its the non-subject Party’s possession, will shall be promptly delivered to it (ai) upon any such commencement of a bankruptcy or insolvency proceeding upon its the non-subject Party’s written request therefor, unless the bankrupt Party subject to such proceeding elects to continue to perform all of its obligations under this Agreement, Agreement or (bii) if not delivered under clause (ai) above, following the rejection of this Agreement by or on behalf of the bankrupt Party subject to such proceeding upon written request therefor by the non-subject Party. The Parties acknowledge and agree that payments made under Section 7.1 shall not (x) constitute royalties within the meaning of Section 365(n) of the U.S. Bankruptcy Code or any analogous provisions in any other Partycountry or jurisdiction or (y) relate to licenses of intellectual property hereunder.

Appears in 2 contracts

Samples: License Agreement (Coherus BioSciences, Inc.), License Agreement (Surface Oncology, Inc.)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement or a Project Schedule by one Party to the other Party are, AZ or Company are and will shall otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties agree that a Party that is a licensee the Parties, as licensees of such rights under this Agreement will or the applicable Project Schedule, shall retain and may fully exercise all of its their rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a either Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, the other Party will hereto that is not subject to such proceeding shall be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and samewhich, if not already in its the non-subject Party’s possession, will shall be promptly delivered to it (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its the non-subject Party’s written request therefor, unless the bankrupt Party subject to such proceeding elects to continue to perform all of its obligations under this Agreement, Agreement or (b) if not delivered under clause (a) above, following the rejection of this Page 61 of 84 Agreement by or on behalf of the bankrupt Party subject to such proceeding upon written request therefor by the other non-subject Party.

Appears in 2 contracts

Samples: Master Collaboration Agreement (ArcherDX, Inc.), Master Collaboration Agreement (ArcherDX, Inc.)

Rights in Bankruptcy. The Parties intend to take advantage of the protections of Section 365(n) (or any successor provision) of the U.S. Bankruptcy Code or any analogous provisions in any other country or jurisdiction to the maximum extent permitted by Applicable Law. All rights and licenses granted under or pursuant to this Agreement by one Party Agreement, but only to the other Party are, and will otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws, extent they constitute licenses of a right to “intellectual property” as defined under in Section 101 of the U.S. Bankruptcy Code Code, shall be deemed to be “intellectual property” for the purposes of Section 365(n) or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction. The Parties agree that a Each Party that is a licensee of such rights under this Agreement will shall retain and may fully exercise all of its rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, including the right to obtain the intellectual property from another entity. The Parties further agree that, in In the event of the commencement of a bankruptcy proceeding by or against a Party to this Agreement (the “Bankruptcy Party”) under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, the other Party will shall be entitled to a complete duplicate of (or complete access to, as appropriate) any all such intellectual property and (including all embodiments of such intellectual property), and samewhich, if not already in its such other Party’s possession, will shall be promptly delivered to it upon such other Party’s written request (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its written request thereforproceeding, unless the bankrupt Bankruptcy Party elects to continue continues to perform all of its obligations under this Agreement, or (b) if not delivered under pursuant to clause (a) abovebecause the Bankruptcy Party continues to perform, following upon the rejection of this Agreement by or on behalf of the bankrupt Bankruptcy Party. Unless and until the Bankruptcy Party upon written request therefor by rejects this Agreement, the Bankruptcy Party shall perform this Agreement or provide the intellectual property (including all embodiments of such intellectual property) to the other Party, and shall not interfere with the rights of the other Party to such intellectual property, including the right to obtain the intellectual property from another entity. In the case of an insolvency that is governed by non-U.S. bankruptcy law, the Parties agree that, to the extent not prohibited by the applicable insolvency law, each Party will be entitled to at least the same rights and protections afforded by the U.S. Bankruptcy Code, including survival of the licenses granted hereunder even if the Bankruptcy Party revokes or terminates this Agreement and a copy of the embodiments of such intellectual property, without conditions other than any legally required payment of royalties.

Appears in 2 contracts

Samples: Research Collaboration and License Agreement (RayzeBio, Inc.), Research Collaboration and License Agreement (RayzeBio, Inc.)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party Isis or Archemix are, and will otherwise be deemed to be, for purposes of Section 365(n) of the U.S. United States Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode, licenses of right rights to “intellectual property” as defined under Section 101 of the U.S. United States Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties agree that a Party that is a licensee the Parties, as licensees of such rights under this Agreement Agreement, will retain and may fully exercise all of its their rights and elections under the U.S. United States Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties further agree Portions of this Exhibit were omitted and have been filed separately with the Secretary of the Commission pursuant to the Company’s application requesting confidential treatment under Rule 406 of the Securities Act. that, in the event of the commencement of a bankruptcy proceeding by or against a Party to this Agreement under the U.S. United States Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode, the other Party hereto that is not a Party to such proceeding will be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and samewhich, if not already in its the non-subject Party’s possession, will be promptly delivered to it (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its the non-subject Party’s written request therefor, unless the bankrupt Party subject to such proceeding elects to continue to perform all of its obligations under this Agreement, Agreement or (b) if not delivered under clause (a) above, following the rejection of this Agreement by or on behalf of the bankrupt Party subject to such proceeding upon written request therefor by the other non-subject Party.

Appears in 2 contracts

Samples: License Agreement (Nitromed Inc), License Agreement (Archemix Corp.)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party are, Sanofi or MyoKardia are and will shall otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties agree that a Party that is a licensee the Parties, as licensees of such rights under this Agreement will Agreement, shall retain and may fully exercise all of its their rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a either Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, the other Party will hereto that is not a Party to such proceeding shall be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and samewhich, if not already in its the non-subject Party’s possession, will shall be promptly delivered to it (ai) upon any such commencement of a bankruptcy or insolvency proceeding upon its the non-subject Party’s written request therefor, unless the bankrupt Party subject to such proceeding elects to continue to perform all of its obligations under this Agreement, Agreement or (bii) if not delivered under clause (ai) above, following the rejection of this Agreement by or on behalf of the bankrupt Party subject to such proceeding upon written request therefor by the non-subject Party. The Parties acknowledge and agree that payments made under Section 9.1, Section 9.2, Section 9.3, Section 9.4, Section 9.5 and Section 9.7 or pursuant to the Co-Promotion Agreement shall not (x) constitute royalties within the meaning of Section 365(n) of the U.S. Bankruptcy Code or any analogous provisions in any other Partycountry or jurisdiction or (y) relate to licenses of intellectual property hereunder.

Appears in 2 contracts

Samples: License and Collaboration Agreement (MyoKardia Inc), License and Collaboration Agreement (MyoKardia Inc)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Restated Agreement by one Party to the other Party Relypsa or Ilypsa are, and will shall otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode, licenses of right rights to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties agree that a Party that is a licensee the Parties, as licensees of such rights under this Agreement will Restated Agreement, shall retain and may fully exercise all of its their rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a either Party [***] Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to this Agreement the omitted portions. under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode, the other Party will hereto that is not a party to such proceeding shall be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and same, if not already in its possession, will shall be promptly delivered to it them (ai) upon any such commencement of a bankruptcy or insolvency proceeding upon its written request therefor, unless the bankrupt Party subject to such proceeding elects to continue to perform all of its obligations under this Restated Agreement, or (bii) if not delivered under (ai) above, following the rejection of this Restated Agreement by or on behalf of the bankrupt Party subject to such proceeding upon written request therefor by the other non-subject Party.

Appears in 2 contracts

Samples: License and Assignment Agreement (Relypsa Inc), License and Assignment Agreement (Relypsa Inc)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party are, and will shall otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of provisions under any bankruptcy, insolvency, reorganization or other similar act or law applicable bankruptcy or insolvency lawsto a Party, licenses of right rights to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of provisions under any bankruptcy, insolvency, reorganization or other similar act or law applicable bankruptcy or insolvency lawsto a Party. The Parties agree that a each Party that is a licensee of such rights under this Agreement will shall retain and may fully exercise all of its rights and elections under the U.S. Bankruptcy Code or comparable provision of provisions under any bankruptcy, insolvency, reorganization or other similar act or law applicable bankruptcy or insolvency lawsto a Party. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a either Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of provisions under any bankruptcy, insolvency, reorganization or other similar act or law applicable bankruptcy or insolvency lawsto a Party, the other Party will hereto which is not a Party to such proceeding shall be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and same, if not already in its their possession, will be promptly shall be, within 10 days of the commencement of such proceeding, delivered to it them (ai) upon any such commencement of a bankruptcy or insolvency proceeding upon its their written request therefortherefore, unless the bankrupt Party subject to such proceeding (or a trustee on behalf of the subject Party) elects to continue to perform all of its their obligations under this Agreement, Agreement or (bii) if not delivered under (ai) above, following upon the rejection of this Agreement by or on behalf of the bankrupt Party subject to such proceeding upon written request therefor therefore by the other non-subject Party.

Appears in 2 contracts

Samples: License Agreement (Verenium Corp), Asset Purchase Agreement (Verenium Corp)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party Isis or Achaogen are, and will otherwise be deemed to be, for purposes of Section 365(n) of the U.S. United States Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode, licenses of right rights to “intellectual property” as defined under Section 101 of the U.S. United States Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties agree that a Party that is a licensee the Parties, as licensees of such rights under this Agreement Agreement, will retain and may fully exercise all of its [***] Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. their rights and elections under the U.S. United States Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a Party to this Agreement under the U.S. United States Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode, the other Party hereto that is not a Party to such proceeding will be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and samewhich, if not already in its the non-subject Party’s possession, will be promptly delivered to it (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its the non-subject Party’s written request therefor, unless the bankrupt Party subject to such proceeding elects to continue to perform all of its obligations under this Agreement, Agreement or (b) if not delivered under clause (a) above, following the rejection of this Agreement by or on behalf of the bankrupt Party subject to such proceeding upon written request therefor by the other non-subject Party.

Appears in 2 contracts

Samples: License Agreement (Achaogen Inc), License Agreement (Achaogen Inc)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party are, Licensee or MedImmune are and will shall otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties agree that a Party that is a licensee the Parties, as licensees of such rights under this Agreement will Agreement, shall retain and may fully exercise all of its their rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a either Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, the other Party will that is not a Party to such proceeding shall be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and samewhich, if not already in its the non-subject Party’s possession, will shall be promptly delivered to it (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its the non-subject Party’s written request therefor, unless the bankrupt Party subject to such proceeding elects to continue to perform all of its obligations under this AgreementAgreement or, or (b) if not delivered under clause (a) above, following the rejection of this Agreement by or on behalf of the bankrupt Party subject to such proceeding upon written request therefor by the other non-subject Party. *** CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY [***], HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24B-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.

Appears in 2 contracts

Samples: License Agreement (PhaseBio Pharmaceuticals Inc), License Agreement (PhaseBio Pharmaceuticals Inc)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party Forest or Xxxxxxx are, and will shall otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties agree that a Party that is a licensee the Parties, as licensees of such rights under this Agreement will Agreement, shall retain and may fully exercise all of its their rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a either Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, the other Party will that is not a party to such proceeding shall be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and samewhich, if not already in its the non-subject Party’s possession, will shall be promptly delivered to it (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its the non-subject Party’s written request therefor, unless the bankrupt Party subject to such proceeding elects to continue to perform all of its obligations under this Agreement, or (b) if not delivered under clause (a) above, following the rejection of this Agreement by or on behalf of the bankrupt Party subject to such proceeding upon written request therefor by the other non-subject Party. [*] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.

Appears in 2 contracts

Samples: License Agreement (Trevena Inc), License Agreement (Trevena Inc)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party Adapt or Lightlake are, and will shall otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode, licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties agree that a Party that is a licensee the Parties, as licensees of such rights under this Agreement will Agreement, shall retain and may fully exercise all of its their rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a either Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode, the other Party will hereto that is not a Party to such proceeding shall be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and samewhich, if not already in its the non-subject Party’s possession, will shall be promptly delivered to it (ai) upon any such commencement of a bankruptcy or insolvency proceeding upon its the non-subject Party’s written request therefor, unless the bankrupt Party subject to such proceeding elects to continue to perform all of its obligations under this Agreement, Agreement or (bii) if not delivered under (ai) above, following the rejection of this Agreement by or on behalf of the bankrupt Party subject to such proceeding upon written request therefor by the other non-subject Party.. Confidential Treatment Requested by Lightlake Therapeutics Inc. IRS Employer Identification No. 40-0000000 Confidential treatment requested with respect to certain portions hereof denoted with “*** REDACTED ***”

Appears in 2 contracts

Samples: License Agreement (Lightlake Therapeutics Inc.), License Agreement (Lightlake Therapeutics Inc.)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party are, Sanofi or RevMed are and will shall otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties agree that a Party that is a licensee the Parties, as licensees of such rights under this Agreement will Agreement, shall retain and may fully exercise all of its their rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a either Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, the other Party will hereto that is not a Party to such proceeding shall be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and samewhich, if not already in its the non-subject Party’s possession, will shall be promptly delivered to it (ai) upon any such commencement of a bankruptcy or insolvency proceeding upon its the non-subject Party’s written request therefor, unless the bankrupt Party subject to such proceeding elects to continue to perform all of its obligations under this Agreement, Agreement or (bii) if not delivered under clause (ai) above, following the rejection of this Agreement by or on behalf of the bankrupt Party subject to such proceeding upon written request therefor by the non-subject Party. The Parties acknowledge and agree that payments made under Section 9.1 and Section 9.2 or pursuant to the Co-Promotion Agreement shall not (x) constitute royalties within the meaning of Section 365(n) of the U.S. Bankruptcy Code or any analogous provisions in any other Partycountry or jurisdiction or (y) relate to licenses of intellectual property hereunder.

Appears in 2 contracts

Samples: , Development and Commercialization Agreement (Revolution Medicines, Inc.), , Development and Commercialization Agreement (Revolution Medicines, Inc.)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party Array or AZ are, and will shall otherwise be deemed to be, for purposes of Section 365(n) of the U.S. United States Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode, licenses of right rights to “intellectual property” as defined under Section 101 of the U.S. United States Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties agree that a Party that is a licensee the Parties, as licensees of such rights under this Agreement will Agreement, shall retain and may fully exercise all of its their rights and elections under the U.S. United States Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a Party to this Agreement under the U.S. United States Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode, the other Party will that is not a party to such proceeding shall be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual propertyproperty commensurate with the scope of the license thereunder, and samewhich, if not already in its the non subject Party’s possession, will shall be promptly delivered to it (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its the non subject Party’s written request therefor, unless the bankrupt Party elects subject to continue such proceeding continues to perform all of its obligations under this Agreement, Agreement or (b) if not delivered under clause (a) above, following the rejection of this Agreement by or on behalf of the bankrupt Party subject to such proceeding upon written request therefor by the other non subject Party.

Appears in 2 contracts

Samples: Collaboration and License Agreement (Array Biopharma Inc), C Ollaboration and License Agreement

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party Regulus or AstraZeneca are, and will otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code (i.e., Title 11 of the U.S. Code) or comparable provision analogous provisions of applicable bankruptcy or insolvency lawsApplicable Law outside the United States, licenses of right rights to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision analogous provisions of applicable bankruptcy or insolvency lawsApplicable Law outside the United States. The Parties agree that a Party that is a each Party, as licensee of such rights under this Agreement Agreement, will retain and may fully exercise all of its rights and elections under the U.S. Bankruptcy Code or comparable provision any other provisions of applicable bankruptcy or insolvency laws. Applicable Law outside the United States that provide similar protection for ‘intellectual property.’ The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a Party to this Agreement under the U.S. Bankruptcy Code or comparable provision analogous provisions of applicable bankruptcy or insolvency lawsApplicable Law outside the United States, the other Party that is not subject to such proceeding will be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and samewhich, if not already in its the non subject Party’s possession, will be promptly delivered to it (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its the non subject Party’s written request therefor, unless the bankrupt Party elects . Any agreements supplemental hereto will be deemed to continue to perform all of its obligations under this Agreement, or (b) if not delivered under (a) above, following the rejection of be “agreements supplementary to” this Agreement by or on behalf for purposes of Section 365(n) of the bankrupt Party upon written request therefor by the other PartyU.S. Bankruptcy Code.

Appears in 2 contracts

Samples: Collaboration and License Agreement, Collaboration and License Agreement (Regulus Therapeutics Inc.)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party Gilead or Precision are, and will shall otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, licenses of right rights to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties agree that a Party that is a licensee the Parties, as licensees of such rights under this Agreement will Agreement, shall retain and may fully exercise all of its their rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a either Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, the other Party will that is not a party to such proceeding shall be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual propertyproperty to which such Party is entitled to have access under this Agreement, and samewhich, if not already in its the non-debtor Party’s possession, will shall be promptly delivered to it (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its the non-debtor Party’s written request therefor, unless the bankrupt Party subject to such proceeding elects to [***] Confidential treatment requested pursuant to a request for confidential treatment filed with the Securities and Exchange Commission. Omitted portions have been filed separately with the Commission. continue to perform all of its obligations under this Agreement, or (b) if not delivered under clause (a) above, following the rejection of this Agreement by or on behalf of the bankrupt Party subject to such proceeding upon written request therefor by the non-debtor Party. The Parties acknowledge and agree that payments made under Section 5.1 shall not (x) constitute royalties within the meaning of Section 365(n) of the U.S. Bankruptcy Code or any analogous provisions in any other Partycountry or jurisdiction or (y) relate to licenses of intellectual property hereunder.

Appears in 2 contracts

Samples: Collaboration and License Agreement (Precision Biosciences Inc), Collaboration and License Agreement (Precision Biosciences Inc)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party are, and will otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawslaws in countries other than the U.S., licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws. The Parties agree that a Party that is a licensee of such rights under this Agreement will retain and may fully exercise all of its rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws, the other Party will be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and the same, if not already in its possession, will be promptly delivered to it (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its written request therefor, unless the bankrupt Party elects to continue to perform all of its obligations under this Agreement, or (b) if not delivered under clause (a) above, following the rejection of this Agreement by or on behalf of the bankrupt Party upon written request therefor by the other Party.

Appears in 2 contracts

Samples: License and Collaboration Agreement (ATAI Life Sciences B.V.), Collaboration and License Agreement (Aurinia Pharmaceuticals Inc.)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party are, and otherwise will otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws, licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws. The Parties agree that a Party that is a licensee of such rights under this Agreement will retain and may fully exercise all of its rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a Party (the “Bankrupt Party”) to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws, the other Party (the “Non-Bankrupt Party”) will be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and same, if not already in its possession, will be promptly delivered to it (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its written request therefor, unless the bankrupt Bankrupt Party elects to continue to perform all of its obligations under this Agreement, or (b) if not delivered under (a) above, following the rejection of this Agreement by or on behalf of the bankrupt Bankrupt Party upon written request therefor by the other Non-Bankrupt Party.. Without limiting the generality of the foregoing,

Appears in 2 contracts

Samples: Exclusive License Agreement (Journey Medical Corp), Exclusive License Agreement (Journey Medical Corp)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party are, and otherwise will otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws, licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws. The Parties agree that a Party that is a licensee of such rights under this Agreement will retain and may fully exercise all of its rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws, the other Party will be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and same, if not already in its possession, will be promptly delivered to it (ai) upon any such commencement of a bankruptcy or insolvency proceeding upon its written request therefor, unless the bankrupt Party elects to continue to perform all of its obligations under this Agreement, or (bii) if not delivered under (ai) above, following the rejection of this Agreement by or on behalf of the bankrupt Party upon written request therefor by the other Party.. {Signature Page Follows} Genfit SA Terns Pharmaceuticals, Inc. By: /s/ XXXX-XXXXXXXX XXXXXX By: /s/ XXXXXXX XXXXX Name: Xxxx-Xxxxxxxx Xxxxxx Name: Xxxxxxx Xxxxx Title: Chairman and CEO Title: CEO

Appears in 1 contract

Samples: Collaboration and License Agreement (Genfit S.A.)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party are, and otherwise will otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawslaws outside the U.S., licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws. laws outside the U.S. The Parties agree that a Party that is a licensee of such rights under this Agreement will retain and may fully exercise all of its rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws. laws outside the U.S. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawslaws outside the U.S., the other Party will be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and same, if not already in its possession, will be promptly delivered to it (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its written request therefor, unless the bankrupt Party elects to continue to perform all of its obligations under this Agreement, or (b) if not delivered under subclause (a) above), following the rejection of this Agreement by or on behalf of the bankrupt Party upon written request therefor by the other Party.

Appears in 1 contract

Samples: License Agreement (vTv Therapeutics Inc.)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party are, Vertex or Parion are and will shall otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, licenses of right rights to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties agree that a Party that is a licensee Vertex, and to the extent applicable, Parion, as licensees of such rights under this Agreement will Agreement, shall retain and may fully exercise all of its their rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a either Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, the other Party will hereto that is not a Party to such proceeding shall be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and samewhich, if not already in its the non-subject Party’s possession, will shall be promptly delivered to it (ai) upon any such commencement of a bankruptcy or insolvency proceeding upon its the non-subject Party’s written request therefor, unless the bankrupt Party subject to such proceeding elects to continue to perform all of its obligations under this Agreement, Agreement or (bii) if not delivered under clause (ai) above, following the rejection of this Agreement by or on behalf of the bankrupt Party subject to such proceeding upon written request therefor by the other non-subject Party.

Appears in 1 contract

Samples: Strategic Collaboration and License Agreement (Vertex Pharmaceuticals Inc / Ma)

Rights in Bankruptcy. All licenses and similar use rights and licenses granted under or pursuant to any Section of this Agreement by one Party to the other Party are, are and will otherwise be deemed to be, be for purposes of Section 365(n) of the U.S. United States Bankruptcy Code (Title 11, U.S. Code), as amended (the “Bankruptcy Code”), and of any comparable or comparable provision of applicable bankruptcy similar laws and regulations in any other country or insolvency lawsjurisdiction (collectively, such laws and regulations with the Bankruptcy Code, the “Bankruptcy Laws”), licenses of right rights to “intellectual property” as defined under Section 101 101(35A) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties agree that a Party that is a licensee the applicable Party, as licensees or sublicensees of such rights under this Agreement Agreement, will retain and may fully exercise all of its rights and elections under the U.S. applicable Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsLaws. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a Party to this Agreement under the U.S. applicable Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsLaws, the other Party will be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual propertyproperty (including supporting materials such as files relating to prosecution or enforcement), and samewhich, if not already in its such other Party’s possession, will be promptly delivered to it (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its written request therefor, unless the bankrupt Party elects thereof. Any agreements supplemental to continue to perform all of its obligations under this Agreement, or (b) if not delivered under (a) above, following the rejection of this Agreement by or on behalf will be deemed to be “agreements supplementary to” this Agreement for purposes of Section 365(n) of the bankrupt Party upon written request therefor by Bankruptcy Code and all similar provisions of the other PartyBankruptcy Laws.

Appears in 1 contract

Samples: Exclusive License and Collaboration Agreement (Forty Seven, Inc.)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party Micromet or Enzon are, and will otherwise be deemed to be, for purposes of Section 365(n) of the U.S. United States Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode, licenses of right rights to “intellectual property” as defined under Section 101 of the U.S. Sxxxxxx 000 xx xxx Xxxxxx Xxxxxx Bankruptcy Code or comparable except as may otherwise be required by any provision of applicable bankruptcy or under German insolvency laws. The Parties agree that a Party that is a licensee the Parties, as licensees of such rights under this Agreement Agreement, will retain and may fully exercise all of its their rights and elections under the U.S. United States Bankruptcy Code or comparable provision of applicable bankruptcy or to the extent not otherwise mandatorily provided for under German insolvency laws. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a Party to this Agreement under the U.S. United States Bankruptcy Code Code, or comparable provision of applicable bankruptcy or insolvency lawsthe German Insolvency Act (Insolvenzordnung), as the case may be, the other Party hereto that is not a Party to such proceeding will be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and samewhich, if not already in its the non-subject Party’s possession, will be promptly delivered to it (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its the non-subject Party’s written request therefortherefore, unless the bankrupt Party elects subject to continue such proceeding continues to perform all of its obligations under this Agreement, Agreement or (b) if not delivered under clause (a) above, following the rejection of this Agreement by or on behalf of the bankrupt Party subject to such proceeding upon written request therefor therefore by the other non-subject Party.

Appears in 1 contract

Samples: Exclusive Ip Marketing Agreement (Enzon Pharmaceuticals, Inc.)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party Vical or AnGes are, and will otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of other applicable bankruptcy or insolvency lawslaw, licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of other applicable bankruptcy or insolvency lawslaw. The Parties parties agree that a Party that is a licensee the parties, as licensees of such rights under this Agreement Agreement, will retain and may fully exercise all of its their rights and elections under the U.S. Bankruptcy Code or comparable provision of other applicable bankruptcy or insolvency lawslaw. The Parties parties further agree that, in the event of the commencement of a bankruptcy proceeding proceeding-by or against a Party to this Agreement either party under the U.S. Bankruptcy Code or comparable provision of other applicable bankruptcy or insolvency lawslaw, the other Party party hereto that is not a party to such proceeding will be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and same, if not already in its their possession, will be promptly delivered to it them (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its their written request therefor, unless the bankrupt Party party subject to such proceeding elects to continue to perform all of its obligations under this Agreement, or (b) if not delivered under (a) above, following the rejection of this Agreement by or on behalf of the bankrupt Party party subject to such proceeding upon written request therefor by the other Partynon-subject party.

Appears in 1 contract

Samples: Research and Development Agreement (Vical Inc)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party BMS or Avidity are, and will shall otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties agree that a Party that is a licensee the Parties, as licensees of such rights under this Agreement will Agreement, shall retain and may fully exercise all of its their rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a either Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, the other Party will that is not a party to such proceeding shall be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and samewhich, if not already in its the non-subject Party’s possession, will shall be promptly delivered to it (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its the non-subject Party’s written request therefor, unless the bankrupt Party subject to such proceeding elects to continue to perform all of its obligations under this Agreement, or (b) if not delivered under clause (a) above, following the rejection of this Agreement by or on behalf of the bankrupt Party subject to such proceeding upon written request therefor by the other non-subject Party. The Parties agree that all payments due pursuant to Section 7.3 (Milestone Payments) and Section 7.4 (Royalties) constitute “royalties” within the meaning of Section 365(n) of the U.S. Bankruptcy Code.

Appears in 1 contract

Samples: Research Collaboration and License Agreement (Avidity Biosciences, Inc.)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement AGREEMENT by one Party to the other Party P&G or PALOMAR are, and will shall otherwise be deemed to be, for purposes of Section 365(n) of the U.S. United States Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode, licenses of right rights to “intellectual property” as defined under Section 101 of the U.S. United States Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties agree that a Party that is a licensee PARTIES, as licensees of such rights under this Agreement will AGREEMENT, shall retain and may fully exercise all of its their rights and elections under the U.S. United States Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties further agree that, in In the event of the commencement of a bankruptcy proceeding by or against a Party to this Agreement either PARTY under the U.S. United States Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode, the other Party will PARTY hereto that is not a party to such proceeding shall be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and samewhich, if not already in its the non-subject PARTY’s possession, will shall be promptly delivered to it (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its the non-subject PARTY’s written request therefor, unless the bankrupt Party PARTY subject to such proceeding elects to continue to perform all of its obligations under this Agreement, AGREEMENT or (b) if not delivered under clause (a) above, following the rejection of this Agreement AGREEMENT by or on behalf of the bankrupt Party PARTY subject to such proceeding upon written request therefor by the other Partynon-subject PARTY.

Appears in 1 contract

Samples: Disclosure Agreement (Palomar Medical Technologies Inc)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party Sanofi are, and will shall otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode, licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties agree that a Party that is a licensee the Parties, as licensees of such rights under this Agreement will Agreement, shall retain and may fully exercise all of its their rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a either Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode, the other Party will that is not a party to such proceeding shall be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and samewhich, if not already in its the non-subject Party’s possession, will shall be promptly delivered to it (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its the non-subject Party’s written request therefor, unless the bankrupt Party subject to such proceeding elects to continue to perform all of its obligations under this Agreement, Agreement or (b) if not delivered under (a) above, following the rejection of this Agreement by or on behalf of the bankrupt Party subject to such proceeding upon written request therefor by the non-subject Party. To the extent available in countries other Partythan the U.S., Applicable Law similar to Section 365(n) of the U.S. Bankruptcy Code shall be applied so as to treat this Agreement as an executory contract.

Appears in 1 contract

Samples: License Agreement (Alto Neuroscience, Inc.)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party are, Allergan or UroGen are and will shall otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties agree that a Party that is a licensee the Parties, as licensees of such rights under this Agreement will Agreement, shall retain and may fully exercise all of its their rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a either Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, the other Party will that is not a Party to such proceeding shall be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and samewhich, if not already in its the non-subject Party’s possession, will shall be promptly delivered to it (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its the non-subject Party’s written request therefor, unless the bankrupt Party subject to such proceeding elects to continue to perform all of its obligations under this Agreement, Agreement or (b) if not delivered under clause (a) above, following the rejection of this Agreement by or on behalf of the bankrupt Party subject to such proceeding upon written request therefor by the non-subject Party. The Parties acknowledge and agree that payments made under Section 6.1 shall not (x) constitute royalties within the meaning of Section 365(n) of the U.S. Bankruptcy Code or any analogous provisions in any other Partycountry or jurisdiction or (y) relate to licenses of intellectual property hereunder.

Appears in 1 contract

Samples: License Agreement (UroGen Pharma Ltd.)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party are, and otherwise will otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws, licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws. The Parties agree that a Party that is a licensee of such rights under this Agreement will retain and may fully exercise all of its rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws, the other Party will be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and same, if not already in its possession, will be promptly delivered to it (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its written request therefor, unless the bankrupt Party elects to continue to perform all of its obligations under this Agreement, or (b) if not delivered under (a) above, following the rejection of this Agreement by or on behalf of the bankrupt Party upon written request therefor by the other Party. [ * ] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended.

Appears in 1 contract

Samples: Collaboration and License Agreement (Exelixis, Inc.)

Rights in Bankruptcy. 28.1 All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party Agreement, are, and will otherwise be deemed to be, for the purposes of Section 365(n) of the U.S. US Bankruptcy Code or comparable provision (the “Code”) and [*] Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. any similar laws in the Territory, license of applicable bankruptcy or insolvency laws, licenses of right rights to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties parties agree that a Party that is a licensee of such rights under this Agreement each party will retain and may fully exercise all of or its protections, rights and elections under the U.S. Bankruptcy Code and any similar laws in any other country in each party’s Territory, and nothing in this Agreement is intended to nullify, supercede or comparable provision of derogate from any protections available to either party under any applicable bankruptcy or insolvency lawslaw, including Section 365(n) of the Code and any similar laws in any other country in each party’s Territory. The Parties parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a Party to this Agreement one party under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsand any similar laws in any other country in either party’s Territory, the other Party party will be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and the same, if not already in its possession, will be promptly delivered to it (ai) upon any such commencement of a bankruptcy or insolvency proceeding upon its written request therefortherefore, unless the bankrupt Party such party (or its bankruptcy estate) elects to continue to perform all of its obligations under this Agreement, or (bii) if not delivered under (ai) above, following the rejection of this the Agreement by or on behalf of the bankrupt Party such party upon written request therefor therefore by the other Partyparty.

Appears in 1 contract

Samples: Distribution Agreement (QLT Inc/Bc)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party are, Licensee or AstraZeneca are and will shall otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties agree that a Party that is a licensee the Parties, as licensees of such rights under this Agreement will Agreement, shall retain and may fully exercise all of its their rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a either Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, the other Party will hereto that is not a Party to such proceeding shall be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and samewhich, if not already in its the non-subject Party’s possession, will shall be promptly delivered to it (ai) upon any such commencement of a bankruptcy or insolvency proceeding upon its the non-subject Party’s written request therefor, unless the bankrupt Party subject to such proceeding elects to continue to perform all of its obligations under this Agreement, Agreement or (bii) if not delivered under clause (ai) above, following the rejection of this Agreement by or on behalf of the bankrupt Party subject to such proceeding upon written request therefor by the other non-subject Party. [***] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, IS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 OF THE SECURITIES ACT OF 1933, AS AMENDED.

Appears in 1 contract

Samples: License Agreement (Dermavant Sciences LTD)

Rights in Bankruptcy. All rights Licensed Patents and licenses granted under or pursuant to this Agreement by one Party to the other Party are, and will shall otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, licenses of right rights to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties agree that each of them as a Party that is a licensee Licensee of such rights under this Agreement will Agreement, as applicable, shall retain and may fully exercise all of its their rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a either Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, the other Party will hereto that is not a Party to such proceeding shall be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and samewhich, if not already in its the non-subject Party’s possession, will shall be promptly delivered to it (ai) upon any such commencement of a bankruptcy or insolvency proceeding upon its the non-subject Party’s written request therefor, unless the bankrupt Party subject to such proceeding elects to continue to perform all of its obligations under this Agreement, or (bii) if not delivered under clause (ai) above, following the rejection of this Agreement by or on behalf of the bankrupt Party subject to such proceeding upon written request therefor by the other non-subject Party.

Appears in 1 contract

Samples: Patent License Agreement (AbbVie Inc.)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party Warnxx-Xxxxxxx xx Axys are, and will shall otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode, licenses of right to "intellectual property" as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties agree * "Certain confidential information contained in the document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended." that a Party that is a licensee the Parties, as licensees of such rights under this Agreement will Agreement, shall retain and may fully exercise all of its their rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a either Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode, the other Party will hereto which is not a party to such proceeding shall be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and same, if not already in its their possession, will shall be promptly delivered to it them (ai) upon any such commencement of a bankruptcy or insolvency proceeding upon its their written request therefor, unless the bankrupt Party subject to such proceeding elects to continue to perform all of its obligations under this Agreement, Agreement or (bii) if not delivered under (ai) above, following the rejection of this Agreement by or on behalf of the bankrupt Party subject to such proceeding upon written request therefor by the other an non-subject Party.

Appears in 1 contract

Samples: Combinatorial Chemistry Agreement (Axys Pharmecueticals Inc)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party are, and will otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws, licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws. The Parties agree that a A Party that is a licensee of such rights under this Agreement will retain and may fully exercise all of its rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws. The Parties further agree that, in In the event of the commencement of a bankruptcy proceeding by or against a Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws, the other Party will be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and same, if not already in its possession, will be promptly delivered to it (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its written request therefor, unless the bankrupt Party elects to continue to perform all of its obligations under this Agreement, or (b) if not delivered under (a) above, following the rejection of this Agreement by or on behalf of the bankrupt Party upon written request therefor by the other Party. The Parties acknowledge and agree that all payments required to be made under Sections 7.7 and 14.4.2 constitute “royalties” within the meaning of Section 365(n) of the Bankruptcy Code or relate to licenses of intellectual property hereunder. [*** ] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended.

Appears in 1 contract

Samples: Collaboration and Option Agreement (Aptevo Therapeutics Inc.)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party Isis or Rosetta are, and will otherwise be deemed to be, for purposes of Section 365(n) of the U.S. United States Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode, licenses of right rights to “intellectual property” as defined under Section 101 of the U.S. United States Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties agree that a Party that is a licensee the Parties, as licensees of such rights under this Agreement Agreement, will retain and may fully exercise all of its their rights and elections under the U.S. United States Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a Party to this Agreement under the U.S. United States Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawscode, the other Party hereto that is not a Party to such proceeding will be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and samewhich, if not already in its the non-subject Party’s possession, will be promptly delivered to it (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its the non-subject Party’s written request therefor, unless the bankrupt Party subject to such proceeding elects to continue to perform all of its obligations under this Agreement, Agreement or (b) if not delivered under clause (a) above, following the rejection of this Agreement by or on behalf of the bankrupt Party subject to such proceeding upon written request therefor by the other non-subject Party.. Portions of this Exhibit were omitted and have been filed separately with the Secretary of the Commission pursuant to the Company’s application requesting confidential treatment under Rule 406 of the Securities Act. ARTICLE 8

Appears in 1 contract

Samples: Research Collaboration Agreement (Rosetta Genomics Ltd.)

Rights in Bankruptcy. The Parties intend to take advantage of the protections of Section 365(n) (or any successor provision) of the U.S. Bankruptcy Code or any analogous provisions in any other country or jurisdiction to the maximum extent permitted by Applicable Law. All rights and licenses granted under or pursuant to this Agreement by one Party Agreement, but only to the other Party are, and will otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws, extent they constitute licenses of a right to “intellectual property” as defined under in Section 101 of the U.S. Bankruptcy Code Code, shall be deemed to be “intellectual property” for the purposes of Section 365(n) or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction. The Parties agree that a non-bankrupt Party that is a licensee of such rights under this Agreement will shall retain and may fully exercise all of its rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction. The Parties further agree that, in In the event of the commencement of a bankruptcy proceeding by or against a Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, the other non-bankrupt Party will shall be entitled to a complete duplicate of (or complete access to, as appropriate) any all such intellectual property and (including all embodiments of such intellectual property), and samewhich, if not already in its the non-bankrupt Party’s possession, will shall be promptly delivered to it upon its written request (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its written request thereforproceeding, unless the bankrupt Party elects to continue continues to perform all of its obligations under this Agreement, or (b) if not delivered under pursuant to clause (a) abovebecause the bankrupt Party continues to perform, following upon the rejection of this Agreement by or on behalf of the bankrupt Party. Unless and until the bankrupt Party upon written request therefor rejects this Agreement, the bankrupt Party shall perform this Agreement or provide such intellectual property (including all embodiments of such intellectual property) to the non-bankrupt Party, and shall not interfere with the rights of the non-bankrupt Party to such intellectual property. In the case of an insolvency that is governed by non-U.S. bankruptcy law, the Parties agree that, to the extent not prohibited by the applicable insolvency law, the non-bankrupt Party will be entitled to at least the same rights and protections afforded by the U.S. Bankruptcy Code, including survival of the licenses granted hereunder even if the bankrupt Party revokes or terminates this Agreement and a copy of the embodiments of such intellectual property, without conditions other than continued performance of the non-bankrupt Party’s obligations under this Agreement. Further, each Party agrees and acknowledges that all payments by GSK to Xxxxxxx xxxxxxxxx, including under Section 11.4 (Sharing of Development Costs), Section 11.5 (Pre-Tax Profit or Loss Sharing), Section 11.6.1 (Development Milestones), Section 11.6.3 (Sales Milestones), and Section 11.7 (Royalties), constitute royalties within the meaning of Section 365(n) of the Bankruptcy Code and relate to licenses of intellectual property hereunder.

Appears in 1 contract

Samples: Collaboration, Option and License Agreement (Mersana Therapeutics, Inc.)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other either Party are, and will shall otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties agree that a Party that is a licensee the Parties, as licensees of such rights under this Agreement will Agreement, shall retain and may fully exercise all of its their rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a either Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, the other Party will that is not a Party to such proceeding shall be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and samewhich, if not already in its the non-subject Party’s possession, will shall be promptly delivered made available to it (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its the non-subject Party’s written request therefor, unless the bankrupt Party subject to such proceeding elects to continue to perform all of its obligations under this Agreement, or (b) if not delivered made available under clause (a) aboveabove when required, following the rejection of this Agreement by or on behalf of the bankrupt Party subject to such proceeding upon written request therefor by the other non-subject Party.

Appears in 1 contract

Samples: License, Development and Commercialization Agreement (Xenoport Inc)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party are, Sanofi or Xxxxx are and will shall otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties agree that a Party that is a licensee the Parties, as licensees of such rights under this Agreement will Agreement, shall retain and may fully exercise all of its their rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a either Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, the other Party will hereto that is not a Party to such proceeding shall be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property expressly licensed to it hereunder and all embodiments of such intellectual property, and samewhich, if not already in its the non-subject Party’s possession, will shall be promptly delivered to it (ai) upon any such commencement of a bankruptcy or insolvency proceeding upon its the non-subject Party’s written request therefor, unless the bankrupt Party subject to such proceeding elects to continue to perform all of its obligations under this Agreement, Agreement or (bii) if not delivered under clause (ai) above, following the rejection of this Agreement by or on behalf of the bankrupt Party subject to such proceeding upon written request therefor by the other non-subject Party.

Appears in 1 contract

Samples: Development Collaboration and License Agreement (DarioHealth Corp.)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party are, and will otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws, licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws. The Parties agree that a Party that is a licensee of such rights under this Agreement will retain and may fully exercise all of its rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws, the other Party will be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and same, if not already in its possession, will be promptly delivered to it (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its written request therefor, unless the bankrupt Party elects to continue to perform all of its obligations under this Agreement, or (b) if not delivered under (a) above, following the rejection of this Agreement by or on behalf of the bankrupt Party upon written request therefor by the other Party.. ARTICLE 13

Appears in 1 contract

Samples: Option and License Agreement (Aptose Biosciences Inc.)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party are, and otherwise will otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws, licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws. The Parties agree that a Each Party that is a licensee of such rights under this Agreement will retain and may fully exercise all of its rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws, the other Party will be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and same, if not already in its possession, will be promptly delivered to it (ai) upon any such commencement of a bankruptcy or insolvency proceeding upon its written request therefor, unless the bankrupt Party elects to continue to perform all of its obligations under this Agreement, or (bii) if not delivered under (ai) above, following the rejection of this Agreement by or on behalf of the bankrupt Party upon written request therefor by the other Party.. {Signature Page Follows}

Appears in 1 contract

Samples: Collaboration and License (Glycomimetics Inc)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party Prosidion and Lilly are, and will otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode, licenses of right rights to “intellectual propertyIntellectual Property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties agree that a Party that is a licensee the Parties, as licensees of such rights under this Agreement Agreement, will retain and may fully exercise all of its their rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode, the other Party hereto that is not a Party to such proceeding will be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and samewhich, if not already in its the non-subject Party’s possession, will be promptly delivered to it it: (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its the non-subject Party’s written request therefor, unless the bankrupt Party elects subject to continue such proceeding continues to perform all of its obligations under this Agreement, ; or (b) if not delivered under subsection (a) above, following the rejection of this Agreement by or on behalf of the bankrupt Party subject to such proceeding upon written request therefor by the other non-subject Party.

Appears in 1 contract

Samples: Exclusive License Agreement (Osi Pharmaceuticals Inc)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to any section of this Agreement by one Party to the other Party are, are and will otherwise be deemed to be, be for purposes of Section 365(n) of the U.S. United States Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws(Title 11, U.S. Code), as amended (the “Bankruptcy Code”), licenses of right rights to “intellectual property” as defined under in Section 101 101(35A) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties agree will retain and may fully exercise all of their respective rights and elections under the Bankruptcy Code. Each Party agrees that a Party that is a the other Party, as licensee of such rights under this Agreement Agreement, will retain and may fully exercise all of its rights and elections under the U.S. Bankruptcy Code or comparable provision any other provisions of applicable bankruptcy or insolvency laws. Law outside the United States that provide similar protection for “intellectual property.” The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a Party to this Agreement under the U.S. Bankruptcy Code or comparable provision analogous provisions of applicable bankruptcy or insolvency lawsLaw outside the United States, the other Party will be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and samewhich, if not already in its such Party’s possession, will be promptly delivered to it (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its Party’s written request therefor, unless the bankrupt Party elects thereof. Any agreements supplemental hereto will be deemed to continue to perform all of its obligations under this Agreement, or (b) if not delivered under (a) above, following the rejection of be “agreements supplementary to” this Agreement by or on behalf for purposes of Section 365(n) of the bankrupt Party upon written request therefor by the other PartyBankruptcy Code.

Appears in 1 contract

Samples: Collaboration and License Agreement (Clovis Oncology, Inc.)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party party to the other Party party are, and will otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws, licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws. The Parties parties agree that a Party party that is a licensee of such rights under this Agreement will retain and may fully exercise all of its rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws. The Parties parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a Party party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws, the other Party party will be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and same, if not already in its possession, will be promptly delivered to it (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its written request therefor, unless the bankrupt Party party elects to continue to perform all of its obligations under this Agreement, or (b) if not delivered under (a) above, following the rejection of this Agreement by or on behalf of the bankrupt Party party upon written request therefor by the other Partyparty.

Appears in 1 contract

Samples: Collaboration and License Agreement (Acadia Pharmaceuticals Inc)

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Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party Licensor or Licensee are, and will shall otherwise be deemed to be, for purposes of Section 365(n) of the U.S. United States Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode, licenses of right to “intellectual property” as defined under Section 101 of the U.S. United States Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties agree that a Party that is a licensee the Parties, as licensees of such rights under this Agreement will Agreement, shall retain and may fully exercise all of its their rights and elections under the U.S. United States Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a either Party to this Agreement under the U.S. United States Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode, the other Party will hereto that is not a party to such proceeding shall be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and samewhich, if not already in its the non-subject Party’s possession, will shall be promptly delivered to it (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its the non-subject Party’s written request therefor, unless the bankrupt Party subject to such proceeding elects to continue to perform all of its obligations under this Agreement, Agreement or (b) if not delivered under clause (a) above, following the rejection of this Agreement by or on behalf of the bankrupt Party subject to such proceeding upon written request therefor by the other non-subject Party. [***] Confidential treatment has been requested with respect to the omitted portions.

Appears in 1 contract

Samples: Collaboration and License Agreement (Seattle Genetics Inc /Wa)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party Genta or Emisphere are, and will otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode, licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties parties agree that a Party that is a licensee they, as licensees of such rights under this Agreement Agreement, will retain and may fully exercise all of its their rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a Party to this Agreement either party under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode, the other Party party hereto that is not a party to * denotes material omitted pursuant to a Confidential Treatment Request and filed separately with the Securities and Exchange Commission. such proceeding will be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and same, if not already in its their possession, will be promptly delivered to it them (ai) upon any such commencement of a bankruptcy or insolvency proceeding upon its their written request therefor, unless the bankrupt Party party subject to such proceeding elects to continue to perform all of its obligations under this Agreement, or (bii) if not delivered under (ai) above, following the rejection of this Agreement by or on behalf of the bankrupt Party party subject to such proceeding upon written request therefor by the other Partynon-subject party.

Appears in 1 contract

Samples: Development and License Agreement (Emisphere Technologies Inc)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party Serenity or Allergan are, and will shall otherwise be deemed to be, for purposes of Section 365(n) of the U.S. United States Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode, licenses of right to “intellectual property” as defined under Section 101 61 of the U.S. United States Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties agree that a Party that is a licensee the Parties, as licensees of such rights under this Agreement will Agreement, shall retain and may fully exercise all of its their rights and elections under the U.S. United States Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a either Party to this Agreement under the U.S. United States Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode, the other Party will that is not a party to such proceeding shall be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and samewhich, if not ***Certain confidential information contained in this document, marked with 3 asterisks, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Act of 1934, as amended. already in its the non-subject Party’s possession, will shall be promptly delivered to it (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its the non-subject Party’s written request therefor, unless the bankrupt Party subject to such proceeding elects to continue to perform all of its obligations under this Agreement, or (b) if not delivered under clause (a) above, following the rejection of this Agreement by or on behalf of the bankrupt Party subject to such proceeding upon written request therefor by the other non-subject Party.

Appears in 1 contract

Samples: , and Development Agreement (Allergan Inc)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party are, AstraZeneca or Licensor are and will shall otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties agree that a Party that is a licensee the Parties, as licensees of such rights under this Agreement will Agreement, shall retain and may fully exercise all of its their rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a either Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, the other Party will hereto that is not a Party to such proceeding shall be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and samewhich, if not already in its the non-subject Party’s possession, will shall be promptly delivered to it (ai) upon any such commencement of a bankruptcy or insolvency proceeding upon its the non-subject Party’s written request therefor, unless the bankrupt Party subject to such proceeding elects to continue to perform all of its obligations under this Agreement, ; or (bii) if not delivered under clause (ai) above, following the rejection of this Agreement by or on behalf of the bankrupt Party subject to such proceeding upon written request therefor by the non-subject Party. The Parties acknowledge and agree that payments made under Sections 5.2 shall not (x) constitute royalties within the meaning of Section 365(n) of the U.S. Bankruptcy Code or any analogous provisions in any other Partycountry or jurisdiction or (y) relate to licenses of intellectual property hereunder.

Appears in 1 contract

Samples: License Agreement (F-Star Therapeutics, Inc.)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party Micromet or Enzon are, and will otherwise be deemed to be, for purposes of Section 365(n) of the U.S. United States Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode, licenses of right rights to “intellectual property” as defined under Section 101 of the U.S. Sxxxxxx 000 xx xxx Xxxxxx Xxxxxx Bankruptcy Code or comparable except as may otherwise be required by any provision of applicable bankruptcy or under German insolvency laws. The Parties agree that a Party that is a licensee the Parties, as licensees of such rights under this Agreement Agreement, will retain and may fully exercise all of its their rights and elections under the U.S. United States Bankruptcy Code or comparable provision of applicable bankruptcy or to the extent not otherwise required under German insolvency laws. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a Party to this Agreement under the U.S. United States Bankruptcy Code Code, or comparable provision of applicable bankruptcy or insolvency lawsthe German Insolvency Act (Insolvenzordnung), as the case may be, the other Party hereto that is not a Party to such proceeding will be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and samewhich, if not already in its the non-subject Party’s possession, will be promptly delivered to it (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its the non-subject Party’s written request therefortherefore, unless the bankrupt Party elects subject to continue such proceeding continues to perform all of its obligations under this Agreement, Agreement or (b) if not delivered under clause (a) above, following the rejection of this Agreement by or on behalf of the bankrupt Party subject to such proceeding upon written request therefor therefore by the other non-subject Party.

Appears in 1 contract

Samples: Cross License Agreement (Micromet, Inc.)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party are intended to the other Party arebe, and will shall otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws, licenses of right rights to “intellectual property” as defined under Section 101 101(35A) of the U.S. Bankruptcy Code for purposes of Section 365(n) of the United States Bankruptcy Code (the “Bankruptcy Code”) or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction. The Parties agree that a Party that is a the licensee of such rights intellectual property under this Agreement will shall retain and may fully exercise all of its rights and elections under the U.S. Bankruptcy Code, or any analogous provisions in any other country or jurisdiction. If a bankruptcy proceeding is commenced by or against either Party under the Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency laws. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsjurisdiction, the other non-debtor Party will shall be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property licensed hereunder, and all embodiments of such intellectual property, and samewhich, if not already in its the non-debtor Party’s possession, will shall be promptly delivered to it (a) upon any the non-debtor Party within [***] of such commencement of a bankruptcy or insolvency proceeding upon request; provided, that the debtor Party is excused from its written request therefor, unless obligation to deliver such intellectual property to the bankrupt extent the debtor Party elects to continue continues to perform all of its obligations under this Agreement, or (b) if not delivered under (a) above, following the rejection of Agreement and this Agreement by has not been rejected pursuant to the Bankruptcy Code or on behalf of the bankrupt Party upon written request therefor by the any analogous provision in any other Partycountry or jurisdiction.

Appears in 1 contract

Samples: License Agreement (Oric Pharmaceuticals, Inc.)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party are, Insmed or AstraZeneca are and will shall otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties agree that a Party that is a licensee the Parties, as licensees of such rights under this Agreement will Agreement, shall retain and may fully exercise all of its their rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a either Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, the other Party will hereto that is not a Party to such proceeding shall be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and samewhich, if not already in its the non-subject Party’s possession, will shall be promptly delivered to it (ai) upon any such commencement of a bankruptcy or insolvency proceeding upon its the non-subject Party’s written request therefor, unless the bankrupt Party subject to such proceeding elects to continue to perform all of its material obligations under this Agreement, Agreement or (bii) if not delivered under clause (ai) above, following the rejection of this Agreement by or on behalf of the bankrupt Party subject to such proceeding upon written request therefor by the other non-subject Party. *** Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.

Appears in 1 contract

Samples: License Agreement (INSMED Inc)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party Licensee or Licensor are, and will shall otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode, licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties agree that a Party that is a licensee the Parties, as licensees of such rights under this Agreement will Agreement, shall retain and may fully exercise all of its their rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a either Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode, the other Party will hereto that is not a Party to such proceeding shall be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and samewhich, if not already in its the non-subject Party’s possession, will shall be promptly delivered to it (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its the non-subject Party’s written request therefor, unless the bankrupt Party subject to such proceeding elects to continue to perform all of its obligations under this Agreement, Agreement or (b) if not delivered under (a) above, following the rejection of this Agreement by or on behalf of the bankrupt Party subject to such proceeding upon written request therefor by the other non-subject Party.

Appears in 1 contract

Samples: License Agreement (Clovis Oncology, Inc.)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party are, and otherwise will otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws, licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws. The Parties agree that a Each Party that is a licensee of such rights under this Agreement will retain and may fully exercise all of its rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws, the other Party will be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and same, if not already in its possession, will be promptly delivered to it (ai) upon any such commencement of a bankruptcy or insolvency proceeding upon its written request therefor, unless the bankrupt Party elects to continue to perform all of its obligations under this Agreement, or (bii) if not delivered under (ai) above, following the rejection of this Agreement by or on behalf of the bankrupt Party upon written request therefor by the other Party.. 222330578 v11

Appears in 1 contract

Samples: License Agreement (Menlo Therapeutics Inc.)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party are, and will shall otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of any applicable bankruptcy or insolvency lawslaw in the Territory or where a Party is situated (collectively, the “Bankruptcy Laws”), licenses of right rights to “intellectual propertyIntellectual Property” as defined under Section 101 the Bankruptcy Laws. If a case is commenced during the Term by or against a Party under Bankruptcy Laws then, unless and until this Agreement is rejected as provided in such Bankruptcy Laws, such Party (in any capacity, including debtor-in-possession) and its successors and assigns (including a trustee) shall perform all of the U.S. Bankruptcy Code obligations provided in this Agreement to be performed by such Party. If a case is commenced during the Term by or comparable provision of applicable bankruptcy or insolvency laws. The Parties agree that against a Party that under the Bankruptcy Laws, this Agreement is rejected as provided in the Bankruptcy Laws and the other Party elects to retain its rights hereunder as provided in the Bankruptcy Laws, then the Party subject to such case under the Bankruptcy Laws (in any capacity, including debtor-in-possession) and its successors and assigns (including a licensee trustee), shall provide to the other Party copies of all Information necessary for such other Party to prosecute, maintain and enjoy its rights under the terms of this Agreement will retain promptly upon such other Party’s written request therefor. All rights, powers and may fully exercise remedies of the non-bankrupt or non-insolvent Party as provided herein are in addition to and not in substitution for any and all of its rights other rights, powers and elections under remedies now or hereafter existing at law or in equity (including the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws. The Parties further agree that, Laws) in the event of the commencement of a bankruptcy proceeding case by or against a Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws, the other Party will be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and same, if not already in its possession, will be promptly delivered to it (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its written request therefor, unless the bankrupt Party elects to continue to perform all of its obligations under this Agreement, or (b) if not delivered under (a) above, following the rejection of this Agreement by or on behalf of the bankrupt Party upon written request therefor by the other PartyLaws.

Appears in 1 contract

Samples: License Agreement (Eyenovia, Inc.)

Rights in Bankruptcy. All rights rights, options and licenses granted under or pursuant to this Agreement by one Party to the other Party are, Licensee or Xxxxxxx are and will shall otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties agree that a Party that is a licensee the Parties, as licensees of such rights under this Agreement will Agreement, shall retain and may fully exercise all of its their rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a either Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, the other Party will hereto that is not a Party to such proceeding shall be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and samewhich, if not already in its the non-subject Party’s possession, will shall be promptly delivered to it (ai) upon any such commencement of a bankruptcy or insolvency proceeding upon its the non-subject Party’s written request therefor, unless the bankrupt Party subject to such proceeding elects to continue to perform all of its obligations under this Agreement, Agreement or (bii) if not delivered under clause (ai) above, following the rejection of this Agreement by or on behalf of the bankrupt Party subject to such proceeding upon written request therefor by the non-subject Party. The Parties stipulate and agree that all payments by Licensee and Xxxxxxx under this Agreement, other Partythan royalty payments pursuant to Section 6.3 (Royalties) and sales milestone payments pursuant to Section 6.2.4 (Sales Milestones), do not constitute “royalties” within the meaning of Section 365(n) of the U.S. Bankruptcy Code.

Appears in 1 contract

Samples: Research and License Agreement (Akebia Therapeutics, Inc.)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party are, and otherwise will otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws, licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws. The Parties agree that a Party that is a licensee of such rights under this Agreement will retain and may fully exercise all of its rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws, the other Party will be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and same, if not already in its possession, will be promptly delivered to it (ai) upon any such commencement of a bankruptcy or insolvency proceeding upon its written request therefor, unless the bankrupt Party elects to continue to perform all of its obligations under this Agreement, or (bii) if not delivered under (ai) above, following the rejection of this Agreement by or on behalf of the bankrupt Party upon written request therefor by the other Party.

Appears in 1 contract

Samples: Collaboration and License Agreement (Aravive, Inc.)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party are, Sanofi or Dario are and will shall otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties agree that a Party that is a licensee the Parties, as licensees of such rights under this Agreement will Agreement, shall retain and may fully exercise all of its their rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a either Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, the other Party will hereto that is not a Party to such proceeding shall be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property expressly licensed to it hereunder and all embodiments of such intellectual property, and samewhich, if not already in its the non-subject Party’s possession, will shall be promptly delivered to it (ai) upon any such commencement of a bankruptcy or insolvency proceeding upon its the non-subject Party’s written request therefor, unless the bankrupt Party subject to such proceeding elects to continue to perform all of its obligations under this Agreement, Agreement or (bii) if not delivered under clause (ai) above, following the rejection of this Agreement by or on behalf of the bankrupt Party subject to such proceeding upon written request therefor by the other non-subject Party.

Appears in 1 contract

Samples: Development Collaboration and License Agreement (DarioHealth Corp.)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party are intended to the other Party arebe, and will shall otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws, licenses of right rights to “intellectual property” as defined under Section 101 101(35A) of the U.S. Bankruptcy Code for purposes of Section 365(n) of the United States Bankruptcy Code (“Bankruptcy Code”) or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction. The Parties agree that a Party that is a the licensee of such rights intellectual property under this Agreement will retain shall retain, and may fully exercise exercise, all of its rights and elections under the U.S. Bankruptcy Code, or any analogous provisions in any other country or jurisdiction. If a bankruptcy proceeding is commenced by or against either Party under the Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency laws. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsjurisdiction, the other non-debtor Party will shall be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property licensed hereunder, and all embodiments of such intellectual property, and samewhich, if not already in its the non-debtor Party’s possession, will shall be promptly delivered to it (a) upon any the non-debtor Party within [***] of such commencement of a bankruptcy or insolvency proceeding upon request; provided that the debtor Party is excused from its written request therefor, unless obligation to deliver such intellectual property to the bankrupt extent the debtor Party elects to continue continues to perform all of its obligations under this Agreement, or (b) if not delivered under (a) above, following the rejection of Agreement and this Agreement by has not been rejected pursuant to the Bankruptcy Code or on behalf of the bankrupt Party upon written request therefor by the any analogous provision in any other Partycountry or jurisdiction.

Appears in 1 contract

Samples: Collaboration and License Agreement (Denali Therapeutics Inc.)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party are, and will shall otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws, licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws. The Parties agree that a A Party that is a licensee of such rights under this Agreement will shall retain and may fully exercise all of its rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws. The Parties further agree that, in In the event of the commencement of a bankruptcy proceeding by or against a Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws, the other Party will shall be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual propertyproperty that are necessary for use and exploitation of such other Party’s licenses and rights hereunder, and same, if not already in its possession, will shall be promptly delivered to it (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its written request therefor, unless the bankrupt Party elects to continue to perform all of its obligations under this Agreement, or (b) if not delivered under (a) above, following the rejection of this Agreement by or on behalf of the bankrupt Party upon written request therefor by the other Party. In the event where any Third Party other than the bankrupt Party (including but not limited to CMO) owns or possesses a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property that are necessary for use and exploitation of such other Party’s licenses and rights hereunder, and same, the bankrupt Party shall procure such Third Party to deliver such complete duplicate to the other Party, upon such other Party’s written request.

Appears in 1 contract

Samples: Collaboration and Distribution Agreement (Silverback Therapeutics, Inc.)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement Section 4.1(a) by one Party to the other Party Arena are, and will shall otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision analogous provisions of applicable bankruptcy or insolvency lawsApplicable Laws outside the United States, licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision analogous provisions of applicable bankruptcy or insolvency lawsApplicable Laws outside the United States. The Parties agree that a Party that is a Eisai or Arena, as the case may be, as licensee of such rights under this Agreement will Agreement, shall retain and may fully exercise all of its rights and elections under the U.S. Bankruptcy Code or comparable provision analogous provisions of applicable bankruptcy or insolvency lawsApplicable Laws outside the United States. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a Party to this Agreement under the U.S. Bankruptcy Code or comparable provision analogous provisions of applicable bankruptcy or insolvency lawsApplicable Laws outside the United States, the other Party will shall be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and samewhich, if not already in its such other Party’s possession, will shall be promptly delivered to it (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its such other Party’s written request therefor, unless the bankrupt first Party elects to continue to perform all of its obligations under this Agreement, or (b) if not delivered under (a) above, following the rejection of this Agreement by or on behalf of the bankrupt such first Party upon written request therefor by the other Party.

Appears in 1 contract

Samples: Transaction Agreement (Arena Pharmaceuticals Inc)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party are, Clearside are and will otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties agree that a Party that is a BioCryst, as licensee of such rights under this Agreement Agreement, will retain and may fully exercise all of its rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a Party to this Agreement Clearside under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, the other Party BioCryst will CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY [***], HAS BEEN OMITTED BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II) THE TYPE THAT THE REGISTRANT TREATS AS PRIVATE OR CONFIDENTIAL. be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and samewhich, if not already in its BioCryst’s possession, will be promptly delivered to it (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its BioCryst’s written request therefor, unless the bankrupt Party Clearside elects to continue to perform all of its obligations under this Agreement, Agreement or (b) if not delivered under clause (a) above, following the rejection of this Agreement by or on behalf of the bankrupt Party Clearside upon written request therefor by the other PartyBioCryst.

Appears in 1 contract

Samples: License Agreement (Clearside Biomedical, Inc.)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to The Parties acknowledge that this Agreement by one Party to the other Party are, and will otherwise be deemed to be, for purposes of constitutes an executory contract under Section 365(n) 365 of the U.S. Bankruptcy Code or comparable provision for the license of applicable bankruptcy or insolvency laws, licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision and constitutes a license of applicable bankruptcy or insolvency laws“intellectual property” for purposes of any similar laws in any other country. The Parties agree further acknowledge that a Party that is a each Party, as licensee of such certain rights and licenses under this Agreement Agreement, will retain and may fully exercise all of its protections, rights and elections under the U.S. Bankruptcy Code or comparable provision Code, including, but not limited to, Section 365(n) of applicable bankruptcy or insolvency lawsthe Code, and any similar laws in any other country. The Parties further agree that, in In the event of the commencement of a bankruptcy proceeding by or against a Party to this Agreement Mirati under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsand any similar laws in any other country, the other Party Licensee will be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and the same, if not already in its possession, will be promptly delivered to it (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its written request therefor, unless the bankrupt Party Mirati elects to continue to perform all of its obligations under this Agreement, or (b) if not delivered under (a) above, following the rejection of this Agreement by or on behalf of the bankrupt Party Mirati upon written request therefor by Licensee, provided Licensee elects to retain its rights under the other PartyAgreement in accordance with Section 365(n)(1)(B) of the Code and complies with the requirements of Section 365(n)(2) of the Code. All rights, powers and remedies of Licensee provided for in this Section -71- *** Certain Confidential Information Omitted.

Appears in 1 contract

Samples: Collaboration and License Agreement (Mirati Therapeutics, Inc.)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party are, GSK or NeuroMetrix are and will shall otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties agree that a Party that is a licensee the Parties, as licensees of such rights under this Agreement will Agreement, shall retain and may fully exercise all of its their rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a either Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, the other Party will hereto that is not a Party to such proceeding shall be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and samewhich, if not already in its the non-subject Party’s possession, will shall be promptly delivered to it (ai) upon any such commencement of a bankruptcy or insolvency proceeding upon its the non-subject Party’s written request therefor, unless the bankrupt Party subject to such proceeding elects to continue to perform all of its obligations under this Agreement, Agreement or (bii) if not delivered under clause (ai) above, following the rejection of this Agreement by or on behalf of the bankrupt Party subject to such proceeding upon written request therefor by the non-subject Party. The Parties acknowledge and agree that payments made under Section 6.1 or Section 6.2 or pursuant to the Asset Purchase Agreement shall not (x) constitute royalties within the meaning of Section 365(n) of the U.S. Bankruptcy Code or any analogous provisions in any other Partycountry or jurisdiction or (y) relate to licenses of intellectual property hereunder.

Appears in 1 contract

Samples: Development and Services Agreement (NeuroMetrix, Inc.)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party Pharmacopeia or BMS are, and will shall otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code (i.e., Title 11 of the U.S. Code) or comparable provision analogous provisions of applicable bankruptcy or insolvency lawsApplicable Law outside the United States, licenses of right rights to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision analogous provisions of applicable bankruptcy or insolvency lawsApplicable Law outside the United States. The Parties agree that a Party that is a each Party, as licensee of such rights under this Agreement will Agreement, shall retain and may fully exercise all of its rights and elections under the U.S. Bankruptcy Code or comparable provision any other provisions of applicable bankruptcy or insolvency laws. Applicable Law outside the United States that provide similar protection for ‘intellectual property.’ The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a Party to this Agreement under the U.S. Bankruptcy Code or comparable provision analogous provisions of applicable bankruptcy or insolvency lawsApplicable Law outside the United States, the other Party that is not subject to such proceeding will be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and samewhich, if not already in its the non subject Party’s possession, will shall be promptly delivered to it (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its the non subject Party’s written request therefor, unless the bankrupt Party elects . Any agreements supplemental hereto shall be deemed to continue to perform all of its obligations under this Agreement, or (b) if not delivered under (a) above, following the rejection of be “agreements supplementary to” this Agreement by or on behalf for purposes of Section 365(n) of the bankrupt Party upon written request therefor by the other PartyU.S. Bankruptcy Code.

Appears in 1 contract

Samples: Discovery Collaboration Agreement (Pharmacopeia Inc)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party are, ImmunoGen and Partner are and will otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties agree that a Party that is a licensee the Parties, as licensees of such rights under this Agreement Agreement, will retain and may fully exercise all of its their rights and elections under the U.S. Bankruptcy Code or comparable provision any analogous provisions in any other country or jurisdiction, and that all payments due pursuant to Section 10.2 (Milestone Payments) and Section 10.3 (Royalty Payments to ImmunoGen) constitute “royalties” within the meaning of applicable bankruptcy or insolvency lawsSection 365(n) of the U.S. Bankruptcy Code. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a either Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, the other Party hereto that is not a party to such proceeding will be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property licensed hereunder and all embodiments of such intellectual property, and samewhich, if not already in its the non-subject Party’s possession, will be promptly delivered to it (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its the non-subject Party’s written request therefor, unless the bankrupt Party subject to such proceeding elects to continue to perform all of its obligations under this Agreement, Agreement or (b) if not delivered under subsection (a) above, following the rejection of this Agreement by or on behalf of the bankrupt Party subject to such proceeding upon written request therefor by the other non-subject Party.

Appears in 1 contract

Samples: Collaboration and License Agreement (ImmunoGen, Inc.)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party Xxxxxx or Surmodics are, and will shall otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties agree that a Party that is a licensee the Parties, as licensees of such rights under this Agreement will Agreement, shall retain and may fully exercise all of its their rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a either Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsany analogous provisions in any other country, the other Party will hereto that is not a Party to such proceeding shall be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and samewhich, if not already in its the non-subject Party’s possession, will shall be promptly delivered to it (ai) upon any such commencement of a bankruptcy or insolvency proceeding upon its the non-subject Party’s written request therefor, unless the bankrupt Party subject to such proceeding elects to continue to perform all of its obligations under this Agreement, or (bii) if not delivered under clause (ai) above, following the rejection of this Agreement by or on behalf of the bankrupt Party subject to such proceeding upon written request therefor by the non-subject Party. The Parties acknowledge and agree that payments made under Section 7.2 or Section 7.3 shall not (x) constitute royalties within the meaning of Section 365(n) of the U.S. Bankruptcy Code or any analogous provisions in any other Partycountry or (y) relate to licenses of intellectual property hereunder.

Appears in 1 contract

Samples: Development and Distribution Agreement (Surmodics Inc)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party are, and will otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws, licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws. The Parties agree that a Party that is a licensee of such rights under this Agreement will retain and may fully exercise all of its rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws. The [ * ] = Certain confidential information contained in this document, marked by brackets, has been omitted because it is both (i) not material and (ii) would be competitively harmful if publicly disclosed. Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws, the other Party will be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and same, if not already in its possession, will be promptly delivered to it (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its written request therefor, unless the bankrupt Party elects to continue to perform all of its obligations under this Agreement, or (b) if not delivered under (a) above, following the rejection of this Agreement by or on behalf of the bankrupt Party upon written request therefor by the other Party.

Appears in 1 contract

Samples: Collaboration and License Agreement (Exelixis, Inc.)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party are, and otherwise will otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws, licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws. The Parties agree that a Party that is a licensee of such rights under this Agreement will retain and may fully exercise all of its rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a Party (the “Bankrupt Party”) to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws, the other Party (the “Non-Bankrupt Party”) will be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and same, if not already in its possession, will be promptly delivered to it (ai) upon any such commencement of a bankruptcy or insolvency proceeding upon its written request therefor, unless the bankrupt Bankrupt Party elects to continue to perform all of its obligations under this Agreement, or (bii) if not delivered under (ai) above, following the rejection of this Agreement by or on behalf of the bankrupt Bankrupt Party upon written request therefor by the other Non-Bankrupt Party.. Without limiting the generality of the foregoing, 60

Appears in 1 contract

Samples: Collaboration and License Agreement (Spruce Biosciences, Inc.)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party party to the other Party another party are, and will otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws, licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws. The Parties parties agree that a Party party that is a licensee of such rights under this Agreement will retain and may fully exercise all of its rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws. The Parties parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a Party party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws, the other Party a party which has been granted a license to intellectual property under this Agreement will be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and same, if not already in its possession, will be promptly delivered to it (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its written request therefor, unless the bankrupt Party party elects to continue to perform all of its obligations under this Agreement, or (b) if not delivered under (a) above, following the rejection of this Agreement by or on behalf of the bankrupt Party party upon written request therefor by the other Partysuch party.

Appears in 1 contract

Samples: Exclusive Rights Agreement (BioAtla, Inc.)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party are intended to the other Party arebe, and will shall otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws, licenses of right rights to “intellectual property” as defined under Section 101 101(35A) of the U.S. Bankruptcy Code for purposes of Section 365(n) of the United States Bankruptcy Code (the “Bankruptcy Code”) or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction. The Parties agree that a Party that is a the licensee of such rights intellectual property under this Agreement will shall retain and may fully exercise all of its rights and elections under the U.S. Bankruptcy Code, or any analogous provisions in any other country or jurisdiction. If a bankruptcy proceeding is commenced by or against either Party under the Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency laws. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsjurisdiction, the other non-debtor Party will shall be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property licensed hereunder, and all embodiments of such intellectual property, and samewhich, if not already in its the non-debtor Party’s possession, will shall be promptly delivered to it (a) upon any such commencement the non-debtor Party within [***] of a bankruptcy or insolvency proceeding upon request to do so; provided, that the debtor Party is excused from its written request therefor, unless obligation to deliver such intellectual property to the bankrupt extent the debtor Party elects to continue continues to perform all of its obligations under this Agreement, or (b) if not delivered under (a) above, following the rejection of Agreement and this Agreement by has not been rejected pursuant to the Bankruptcy Code or on behalf of the bankrupt Party upon written request therefor by the any analogous provision in any other Partycountry or jurisdiction.

Appears in 1 contract

Samples: License Agreement (BCTG Acquisition Corp.)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party MedRx and Licensee are, and will shall otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode, licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties agree that a Party that is a licensee the Parties, as licensees of such rights under this Agreement will Agreement, shall retain and may fully exercise all of its their rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a either Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode, the other Party will that is not a party to such proceeding shall be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and samewhich, if not already in its the non-subject Party’s possession, will shall be promptly delivered to it (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its the non-subject Party’s written request therefor, unless the bankrupt Party subject to such proceeding elects to continue to perform all of its obligations under this Agreement, Agreement or (b) if not delivered under (a) above, following the rejection of this Agreement by or on behalf of the bankrupt Party subject to such proceeding upon written request therefor by the non-subject Party. To the extent available in countries other Partythan the U.S., Applicable Law similar to Section 365(n) of the U.S. Bankruptcy Code shall be applied so as to treat this Agreement as an executory contract.

Appears in 1 contract

Samples: Joint Development and License Agreement (Alto Neuroscience, Inc.)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party Merck or C4T are, and will shall otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code (the “Bankruptcy Code”) or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, licenses of right rights to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code (or comparable similar provision in the bankruptcy laws of applicable bankruptcy another country or insolvency lawsjurisdiction). The Parties agree that a Party that is a licensee the Parties, in their positions as licensors or licensees of such rights under this Agreement will Agreement, shall retain and may fully exercise all of its their rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a either Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, the other Party will that is not a party to such proceeding shall be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and samewhich, if not already in its the non-subject Party’s possession, will shall be promptly delivered to it (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its the non-subject Party’s written request therefor, unless the bankrupt Party subject to such proceeding elects to continue to perform all of its obligations under this Agreement, or (b) if not delivered under (a) above, following the rejection of this Agreement by or on behalf of the bankrupt Party upon written request therefor by the other Party.not

Appears in 1 contract

Samples: License and Collaboration Agreement (C4 Therapeutics, Inc.)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party are, and will otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws, licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws. The Parties agree that a A Party that is a licensee of such rights under this Agreement will retain and may fully exercise all of its rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws. The Parties further agree that, in In the event of the commencement of a bankruptcy proceeding by or against a Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws, the other Party will be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual propertyproperty that are necessary for use and exploitation of such other Party’s licenses and rights hereunder, and same, if not already in its possession, will be promptly delivered to it (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its written request therefor, unless the bankrupt Party elects to continue to perform all of its obligations under this Agreement, or (b) if not delivered under (a) above, following the rejection of this Agreement by or on behalf of the bankrupt Party upon written request therefor by the other Party. In the event where any Third Party other than the bankrupt Party (including but not limited to CMO) owns or possesses a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property that are necessary for use and exploitation of such other Party’s licenses and rights hereunder, and same, the bankrupt Party shall procure such Third Party to deliver such complete duplicate to the other Party, upon such other Party’s written request.

Appears in 1 contract

Samples: Collaboration and License Agreement (Silverback Therapeutics, Inc.)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party are, and otherwise will otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws, licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws. The Parties agree that a Party that is a licensee of such rights under this Agreement will retain and may fully exercise all of its rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of [ * ] = Certain confidential information contained in this document, marked by brackets, has been omitted because it is both (i) not material and (ii) would be competitively harmful if publicly disclosed. applicable bankruptcy or insolvency laws, the other Party will be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and same, if not already in its possession, will be promptly delivered to it (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its written request therefor, unless the bankrupt Party elects to continue to perform all of its obligations under this Agreement, or (b) if not delivered under (a) above, following the rejection of this Agreement by or on behalf of the bankrupt Party upon written request therefor by the other Party.

Appears in 1 contract

Samples: Collaboration and License Agreement (Exelixis, Inc.)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party Licensor and EQRx are, and will otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode, licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties agree that a Party that is a each Party, as licensee of such certain rights under this Agreement Agreement, will retain and may fully exercise all of its rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a Party to this Agreement (such Party, the “Bankrupt Party”) under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode, the other Party will be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property licensed to such other Party and all embodiments of such intellectual property, and samewhich, if not already in its such other Party’s possession, will be promptly delivered to it (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its such other Party’s written request therefor, unless the bankrupt Bankrupt Party elects to continue to perform all of its obligations under this Agreement, Agreement or (b) if not delivered under clause (a) above), following the rejection of this Agreement by or on behalf of the bankrupt Bankrupt Party upon written request therefor by the other Party. The Parties acknowledge and agree that the milestones and royalties to be paid pursuant to Article 8 (Financials) will constitute royalties within the meaning of Bankruptcy Code § 365(n) with respect to the licenses of intellectual property hereunder.

Appears in 1 contract

Samples: Exclusive License Agreement (CM Life Sciences III Inc.)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party are, Licensee or AstraZeneca are and will shall otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties agree that a Party that is a licensee the Parties, as licensees of such rights under this Agreement will Agreement, shall retain and may fully exercise all of its their rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a either Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, the other Party will hereto that is not a Party to such proceeding shall be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and samewhich, if not already in its the non-subject Party’s possession, will shall be promptly delivered to it (ai) upon any such commencement of a bankruptcy or insolvency proceeding upon its the non-subject Party’s written request therefor, unless the bankrupt Party subject to such proceeding elects to continue to perform all of its obligations under this Agreement, Agreement or (bii) if not delivered under clause (ai) above, following the rejection of this Agreement by or on behalf of the bankrupt Party subject to such proceeding upon written request therefor by the other non-subject Party. CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY [***], HAS BEEN OMITTED BECAUSE DERMAVANT SCIENCES LTD. HAS DETERMINED THE INFORMATION (I) IS NOT MATERIAL AND (II) WOULD LIKELY CAUSE COMPETITIVE HARM TO DERMAVANT SCIENCES LTD. IF PUBLICLY DISCLOSED.

Appears in 1 contract

Samples: License Agreement (Dermavant Sciences LTD)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party are, and otherwise will otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws, licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws. The Parties agree that a Each Party that is a licensee of such rights under this Agreement will retain and may fully exercise all of its rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency laws, the other Party will be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and same, if not already in its possession, will be promptly delivered to it (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its written request therefor, unless the bankrupt Party elects to continue to perform all of its obligations under this Agreement, or (b) if not delivered under (a) above, following the rejection of this Agreement by or on behalf of the bankrupt Party upon written request therefor by the other Party.. 49

Appears in 1 contract

Samples: License Agreement (Keros Therapeutics, Inc.)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party Licensee or Sanofi are, and will shall otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode, licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties agree that a Party that is a licensee the Parties, as licensees of such rights under this Agreement will Agreement, shall retain and may fully exercise all of its their rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a either Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode, the other Party will that is not a party to such proceeding shall be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and samewhich, if not already in its the non-subject Party’s possession, will shall be promptly delivered to it (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its the non-subject Party’s written request therefor, unless the bankrupt Party subject to such proceeding elects to continue to perform all of its obligations under this Agreement, Agreement or (b) if not delivered under (a) above, following the rejection of this Agreement by or on behalf of the bankrupt Party subject to such proceeding upon written request therefor by the non-subject Party. To the extent available in countries other Partythan the U.S., Applicable Law similar to Section 365(n) of the U.S. Bankruptcy Code shall be applied so as to treat this Agreement as an executory contract.

Appears in 1 contract

Samples: License Agreement (First Wave BioPharma, Inc.)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party CK or Amgen are, and will shall otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode, licenses of right rights to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties agree that a Party that is a licensee the Parties, as licensees of such rights under this Agreement will Agreement, shall retain and may fully exercise all of its their rights and elections under the U.S. Bankruptcy Code or comparable provision including, without limitation, Amgen’s right to retain all licenses granted herein, subject to payments when due to CK of all applicable bankruptcy or insolvency lawsmilestone payments and royalties on Compound(s). The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a either Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode, the other Party will hereto that is not a party to such proceeding shall be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and same, if not already in its possession, will shall be promptly delivered to it them (ai) upon any such commencement of a bankruptcy or insolvency proceeding upon its written request therefor, unless the bankrupt Party subject to such proceeding elects to continue to perform all of its obligations under this Agreement, or (bii) if not delivered under (ai) above, following the rejection of this Agreement by or on behalf of the bankrupt Party subject to such proceeding upon written request therefor by the other non-subject Party. *** Certain information on this page has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted portions.

Appears in 1 contract

Samples: Collaboration and Option Agreement (Cytokinetics Inc)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party are, Allergan or UroGen are and will shall otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy or insolvency lawsCode. The Parties agree that a Party that is a licensee the Parties, as licensees of such rights under this Agreement will Agreement, shall retain and may fully exercise all of its their rights and elections under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction. The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a either Party to this Agreement under the U.S. Bankruptcy Code or comparable provision of applicable bankruptcy any analogous provisions in any other country or insolvency lawsjurisdiction, the other Party will that is not a Party to such proceeding shall be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and samewhich, if not already in its the non-subject Party’s possession, will shall be promptly delivered to it (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its the non-subject Party’s written request therefor, unless the bankrupt Party subject to such [*] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. proceeding elects to continue to perform all of its obligations under this Agreement, Agreement or (b) if not delivered under clause (a) above, following the rejection of this Agreement by or on behalf of the bankrupt Party subject to such proceeding upon written request therefor by the non-subject Party. The Parties acknowledge and agree that payments made under Section 6.1 shall not (x) constitute royalties within the meaning of Section 365(n) of the U.S. Bankruptcy Code or any analogous provisions in any other Partycountry or jurisdiction or (y) relate to licenses of intellectual property hereunder.

Appears in 1 contract

Samples: License Agreement (UroGen Pharma Ltd.)

Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by one Party to the other Party Isis or BMS are, and will shall otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code (i.e., Title 11 of the U.S. Code) or comparable provision analogous provisions of applicable bankruptcy or insolvency lawsApplicable Law outside the United States, licenses of right rights to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or comparable provision analogous provisions of applicable bankruptcy or insolvency lawsApplicable Law outside the United States. The Parties agree that a Party that is a each Party, as licensee of such rights under this Agreement will Agreement, shall retain and may fully exercise all of its rights and elections under the U.S. Bankruptcy Code or comparable provision any other provisions of applicable bankruptcy or insolvency laws. Applicable Law outside the United States that provide similar protection for ‘intellectual property.’ The Parties further agree that, in the event of the commencement of a bankruptcy proceeding by or against a Party to this Agreement under the U.S. Bankruptcy Code or comparable provision analogous provisions of applicable bankruptcy or insolvency lawsApplicable Law outside the United States, the other Party that is not subject to such proceeding will be entitled to a complete duplicate of (or complete access to, as appropriate) any such intellectual property and all embodiments of such intellectual property, and samewhich, if not already in its the non subject Party’s possession, will shall be promptly delivered to it (a) upon any such commencement of a bankruptcy or insolvency proceeding upon its the non subject Party’s written request therefor, unless the bankrupt Party elects . Any agreements supplemental hereto shall be deemed to continue to perform all of its obligations under this Agreement, or (b) if not delivered under (a) above, following the rejection of be “agreements supplementary to” this Agreement by or on behalf for purposes of Section 365(n) of the bankrupt Party upon written request therefor by the other PartyU.S. Bankruptcy Code.

Appears in 1 contract

Samples: Collaboration and License Agreement (Isis Pharmaceuticals Inc)

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