Common use of Stock on Hand Clause in Contracts

Stock on Hand. In the event this Agreement is terminated for any reason, until six (6) months after the effective date of such a termination GenVec and its sublicensees shall have the right to sell or otherwise dispose of the stock of any Licensed Product subject to this Agreement then on hand, subject to Articles 4 and 5.

Appears in 2 contracts

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

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Stock on Hand. In the event this Agreement is terminated for ------------- any reason, until six (6) months after the effective date of such a termination GenVec and its sublicensees shall have the right to sell or otherwise dispose of the stock of any Licensed Product subject to this Agreement then on hand, subject to Articles 4 and 5.

Appears in 2 contracts

Samples: Warrant Agreement (Genvec Inc), Warrant Agreement (Genvec Inc)

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Stock on Hand. In the event this Agreement is terminated ------------- for any reason, until six (6) months [*] after the effective date of such a termination GenVec and its sublicensees shall have the right to sell or otherwise dispose of the stock of any Licensed Product subject to this Agreement then on hand, subject to Articles 4 and 5.

Appears in 1 contract

Samples: License Agreement (Genvec Inc)

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