Common use of Upon Change of Control Clause in Contracts

Upon Change of Control. Either Dyax or Genzyme may terminate this Agreement with the consequences set forth in Section 13.3.3 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 13.2.3 shall be effective as of the effective date of such transaction.

Appears in 4 contracts

Samples: Collaboration Agreement (Genzyme Corp), Collaboration Agreement (Dyax Corp), Collaboration Agreement (Dyax Corp)

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