Common use of Termination Effect of Termination Clause in Contracts

Termination Effect of Termination. (a) Subject to the resolution of any disputes in accordance with Sections 7(l) and 21 hereof, in the event that the Approval With Label Milestone Date or the Approval Without Label Date shall not have occurred on or prior to the Approval Deadline, this Agreement shall terminate at 5:00 p.m., New York City time, on the Approval Deadline.

Appears in 3 contracts

Samples: Contingent Cash Consideration Agreement (Indevus Pharmaceuticals Inc), Contingent Cash Consideration Agreement (Endo Pharmaceuticals Holdings Inc), Consideration Agreement (Endo Pharmaceuticals Holdings Inc)

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Termination Effect of Termination. (a) Subject to the resolution of any disputes in accordance with Sections 7(l7(k) and 21 hereof, in the event that the Approval With Label Milestone Date or the Approval Without Label Date shall not have occurred on or prior to the Approval Deadline, this Agreement shall terminate at 5:00 p.m., New York City time, on the Approval Deadline.

Appears in 3 contracts

Samples: Octreotide Contingent Cash Consideration Agreement (Indevus Pharmaceuticals Inc), Octreotide (Endo Pharmaceuticals Holdings Inc), Octreotide Contingent Cash Consideration Agreement (Endo Pharmaceuticals Holdings Inc)

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