Common use of Termination Upon Transfer Clause in Contracts

Termination Upon Transfer. In the event Lilly elects to transfer the Licensed Assets to JMED pursuant to Section 2.3, this Agreement shall, subject to the provisions of paragraph (d) of this Section 9.1, terminate automatically, and without the need for notice, simultaneously with the execution and delivery by Lilly to JMED of the Bill ▇▇ Sale and Trademark Assignment described in Section 2.3 and such other documents as JMED shall reasonably request. Notwithstanding the foregoing, termination by Lilly under this Section 9.1(c) shall not affect the rights and obligations of the parties pursuant to the Manufacturing Agreement, nor the licensing of the Technology by Lilly to JMED pursuant to Section 2.8 of this Agreement, all of which shall continue to survive unless and until otherwise terminated pursuant to the provisions of this Agreement or of said Manufacturing Agreement.

Termination Upon Transfer. In the event Lilly elects ------------------------- to transfer the Licensed Assets to JMED pursuant to Section 2.3, this Agreement shall, subject to the provisions of paragraph (d) of this Section 9.1, terminate automatically, and without the need for notice, simultaneously with the execution and delivery by Lilly to JMED of the Bill Bi▇▇ ▇f Sale and Trademark Assignment described in Section 2.3 and such other documents as JMED shall reasonably request. Notwithstanding the foregoing, termination by Lilly under this Section 9.1(c) shall not affect the rights and obligations of the parties pursuant to the Manufacturing Agreement, nor the licensing of the Technology by Lilly to JMED pursuant to Section 2.8 of this Agreement, all of which shall continue to survive unless and until otherwise terminated pursuant to the provisions of this Agreement or of said Manufacturing Agreement.