Common use of Termination for Delay Clause in Contracts

Termination for Delay. Paragon shall have the right to terminate this Agreement or a Research Program immediately upon written notice to Crescent if, as a result any action or failure to act by Crescent or its Affiliates, a Research Program or all material activities under the applicable Research Plan are suspended, discontinued or otherwise delayed for a period of four (4) consecutive months.

Termination for Delay. Paragon shall have the right to terminate this Agreement or a Research Program immediately upon written notice to Crescent Damora if, as a result any action or failure to act by Crescent Damora or its Affiliates, a such Research Program or all material activities under the applicable Research Plan are suspended, discontinued or otherwise delayed for a period of four (4) consecutive months.

Termination for Delay. Paragon shall have the right to terminate this Agreement or a Research Program immediately upon written notice to Crescent Jade if, as a result any action or failure to act by Crescent ▇▇▇▇ or its Affiliates, a such Research Program or all material activities under the applicable Research Plan are suspended, discontinued or otherwise delayed for a period of four (4) consecutive months.

Termination for Delay. Paragon shall have the right to terminate this Agreement or a Research Program immediately upon written notice to Crescent if, as a result any action or failure to act by Crescent or its Affiliates, a the Research Program or all material activities under the applicable Research Plan are suspended, discontinued or otherwise delayed for a period of four (4) consecutive months.