Termination by Rosemont Clause Samples
Termination by Rosemont. Rosemont may terminate this Agreement in its entirety upon [****] prior written notice if Oncogenerix fails to generate Net Revenues of a least [****] within the first [****] months commencing on the date of first Commercial Sale of the Licensed Product in the Territory (“initial sales period”) or thereafter if Oncogenerix fails to generate Net Revenues of at least [****] within each subsequent twelve (12) month period after the initial sales period; provided, however, that Rosemont shall not be entitled to terminate this Agreement pursuant to this Section 12.7 if Oncogenerix’s failure to generate such Net Revenues has been caused by Rosemont’s failure to supply Product (as defined in the Supply Agreement) to Oncogenerix in accordance with the terms of the Supply Agreement.
Termination by Rosemont. Rosemont may terminate this Agreement in its entirety upon thirty (30) days’ prior written notice if Oncogenerix fails to generate Net Revenues of a least US$3,000,000 (three million US dollars) within the first twenty four (24) months commencing on the date of first Commercial Sale of the Licensed Product in the Territory (“initial sales period”) or thereafter if Oncogenerix fails to generate Net Revenues of at least US$3,000,000 (three million US dollars) within each subsequent twelve (12) month period after the initial sales period; provided, however, that Rosemont shall not be entitled to terminate this Agreement pursuant to this Section 12.7 if Oncogenerix’s failure to generate such Net Revenues has been caused by Rosemont’s failure to supply Product (as defined in the Supply Agreement) to Oncogenerix in accordance with the terms of the Supply Agreement.