Common use of Upon Bankruptcy Clause in Contracts

Upon Bankruptcy. Either GelTex or Sankyo may terminate this Agreement upon the bankruptcy, insolvency, dissolution or winding-up of the other Party, except in the case of a petition in bankruptcy filed involuntarily against a Party, if such petition is dismissed within sixty (60) days of the date of its filing.

Appears in 4 contracts

Samples: Collaboration Agreement (Geltex Pharmaceuticals Inc), Collaboration Agreement (Geltex Pharmaceuticals Inc), Collaboration Agreement (Geltex Pharmaceuticals Inc)

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Upon Bankruptcy. Either GelTex or Sankyo Genzyme may terminate this Agreement upon the bankruptcy, insolvency, dissolution or winding-up of the other Party, except in the case of a petition in bankruptcy filed involuntarily against a Party, if such petition is dismissed within sixty (60) days of the date of its filing.. * Confidential Treatment requested for information omitted and filed separately with the SEC. 33

Appears in 1 contract

Samples: Collaboration Agreement (Geltex Pharmaceuticals Inc)

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Upon Bankruptcy. Either GelTex or Sankyo Genzyme may terminate this Agreement upon the bankruptcy, insolvency, dissolution or winding-up of the other Party, except in the case of a petition in bankruptcy filed involuntarily against a Party, if such petition is dismissed within sixty (60) days of the date of its filing.

Appears in 1 contract

Samples: Collaboration Agreement (Geltex Pharmaceuticals Inc)

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