Common use of Upon Bankruptcy Clause in Contracts

Upon Bankruptcy. Either Dyax or Genzyme may terminate this Agreement with the consequences set forth in Section 13.3.4 below 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 (Dyax Corp), Collaboration Agreement (Dyax Corp), Collaboration Agreement (Genzyme Corp)

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