Common use of Wind Down Clause in Contracts

Wind Down. Upon the termination of this Agreement or a Project Addendum, PPD shall cooperate with Sponsor to provide for an orderly wind-down of the Services provided by PPD hereunder. Upon notice of termination of a Project Addendum or this Agreement, PPD shall use commercially reasonable efforts to expeditiously conclude or transfer any uncompleted Services as directed by Sponsor. PPD shall not perform any additional work or enter into any commitments that incur additional expenses with regard to any Service without written mutual agreement of the parties.

Appears in 3 contracts

Samples: Master Development Services Agreement (Furiex Pharmaceuticals, Inc.), Master Development Services Agreement (Furiex Pharmaceuticals, Inc.), Master Development Services Agreement (Furiex Pharmaceuticals, Inc.)

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Wind Down. Upon the termination of this Agreement or a Project Addendum, PPD shall cooperate with Sponsor to provide for an orderly wind-down of the Services provided by PPD hereunder. Upon notice of termination of a Project Addendum or this Agreement, PPD shall use commercially reasonable efforts to expeditiously conclude or transfer any uncompleted Services as directed by Sponsor. PPD shall not perform any additional work or enter into any commitments that incur additional expenses with regard to any Service without written mutual agreement of the parties.

Appears in 2 contracts

Samples: Master Services Agreement (Aastrom Biosciences Inc), Master Services Agreement (Corautus Genetics Inc)

Wind Down. Upon the termination of this Agreement or a Project Addendum, PPD shall reasonably cooperate with Sponsor to provide for an orderly wind-down of the Services provided by PPD hereunder, including assisting Sponsor in assigning agreements (if applicable) related to the Project (e.g., with Sites) and transferring duties for Services to Sponsor or its designee. Upon notice of termination of Costs associated with such wind-down activities shall be billed to Sponsor on a time and materials basis, based on the rates in the Project Addendum or this Agreementfor the Services and if not identified in the Project Addendum, the then-current PPD shall use commercially reasonable efforts to expeditiously conclude or transfer any uncompleted Services as directed by Sponsor. PPD shall not perform any additional work or enter into any commitments that incur additional expenses with regard to any Service without written mutual agreement of the partiesrates.

Appears in 1 contract

Samples: Master Services Agreement (Galectin Therapeutics Inc)

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Wind Down. Upon the termination of this Agreement or a Project Addendum, PPD shall cooperate with Sponsor to provide for an orderly wind-down of the Services provided by PPD hereunder. Upon notice of termination of Costs associated with such wind-down activities shall be billed to Sponsor on a Project Addendum or this Agreementtime and materials basis, based on the then-current PPD shall use commercially reasonable efforts to expeditiously conclude or transfer any uncompleted Services as directed by Sponsor. PPD shall not perform any additional work or enter into any commitments that incur additional expenses with regard to any Service without written mutual agreement of the partiesrates.

Appears in 1 contract

Samples: Master Services Agreement (Vascular Biogenics Ltd.)

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