Upon Change of Control. Either BioMarin or Genzyme may terminate this Agreement in the event that the other Party is a party to a transaction involving (a) a merger or consolidation in which such Party is not the surviving entity or (b) the sale of all or substantially all of the assets of such Party to a Third Party. Termination of this Agreement pursuant to this Section 12.2.3 shall be effective as of the effective date of such transaction.
Appears in 3 contracts
Samples: Marketing and Sales Agreement, Manufacturing, Marketing and Sales Agreement (Biomarin Pharmaceutical Inc), Manufacturing, Marketing and Sales Agreement (Genzyme Corp)
Upon Change of Control. Either BioMarin or Genzyme may ---------------------- terminate this Agreement in the event that the other Party is a party to a transaction involving (a) a merger or consolidation in which such Party is not the surviving entity or (b) the sale of all or substantially all of the assets of such Party to a Third Party. Termination of this Agreement pursuant to this Section 12.2.3 13.2.4 shall be effective as of the effective date of such transaction.
Appears in 2 contracts
Samples: Collaboration Agreement (Biomarin Pharmaceutical Inc), Collaboration Agreement (Biomarin Pharmaceutical Inc)
