Common use of Stock on Hand Clause in Contracts

Stock on Hand. In the event this Agreement is terminated for any reason, Warner and its Affiliates and Sublicensees shall have the right in the Territory to sell the stock of any Collaboration Products then on hand, subject to Articles 6 and 7 and the other applicable terms of this Agreement.

Appears in 2 contracts

Samples: Development and Collaboration Agreement (Genvec Inc), Development and Collaboration Agreement (Genvec Inc)

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Stock on Hand. In the event this Agreement is terminated ------------- for any reason, Warner and its Affiliates and Sublicensees shall have the right in the Territory to sell the stock of any Collaboration Products then on hand, subject to Articles 6 and 7 and the other applicable terms of this Agreement.

Appears in 1 contract

Samples: Development and Collaboration Agreement (Genvec Inc)

Stock on Hand. In the event this Agreement is terminated for any reason, Warner and its Affiliates and Sublicensees shall have the right in the Territory to sell the stock of any Collaboration Warner Products then on hand, . subject to Articles 5 and 6 and 7 and the other applicable terms of this Agreement.

Appears in 1 contract

Samples: Collaboration Agreement (Axys Pharmecueticals Inc)

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Stock on Hand. In the event this Agreement is terminated for ------------- any reason, Warner and its Affiliates and Sublicensees shall have the right in the Territory to sell the stock of any Collaboration Products then on hand, subject to Articles 6 and 7 and the other applicable terms of this Agreement.

Appears in 1 contract

Samples: Development and Collaboration Agreement (Genvec Inc)

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