Consequences of Bankruptcy. The Mandatory Settlement Date for each Purchase Contract, whether held separately or as part of a Unit, shall automatically accelerate upon the occurrence of a Termination Event with respect to the Company. Upon such acceleration, Holders will be entitled to receive a number of shares of Common Stock per Purchase Contract equal to the Maximum Settlement Rate in effect immediately prior to such acceleration (regardless of the market value of the Common Stock at that time).
Consequences of Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by 3SBio or their Affiliates are, and will otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code, licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code. The Parties agree that Selecta (and its Affiliates and Sublicensees) as licensees of such rights under this Agreement, will retain and may fully exercise all of its rights and elections under the U.S. Bankruptcy Code and any foreign counterparts thereto. For clarity, the provisions of this Section 12.4(b) will be without prejudice to any rights the terminating Party may have arising under any applicable insolvency statute or other applicable law.
Consequences of Bankruptcy. The Parties acknowledge and agree that all rights and licenses now or hereafter granted under or pursuant to any Section of this Agreement are rights to “intellectual property” as defined in Section 101(35A) of Title 11 of the United States Code. In the event that a case under Title 11 is commenced by or against either Party (the “Bankrupt Party”), the other Party may elect to retain and may fully exercise all of its rights and elections under Section 365(n) of Title 11 of the United States Code. During the Term, each Party shall create and maintain current copies to the extent practicable of all such intellectual property. Without limiting the Parties’ rights under Section 365(n) of Title 11, if a case under Title 11 is commenced by or against the Bankrupt Party, the other Party shall be entitled to a copy of any and all such intellectual property and all embodiments of such intellectual property, and the same, if not in the possession of such other Party, shall be promptly delivered to it (i) before this Agreement is rejected by or on behalf of the Bankrupt Party, within [* * *] after the other Party’s written request, unless the Bankrupt Party, or its trustee or receiver, elects within [* * *] to continue to perform all of its obligations under this Agreement, or (ii) after any rejection of this Agreement by or on behalf of the Bankrupt Party, if not previously delivered as provided under clause (i) above. All rights of the Parties under this Section 12.3 and under Section 365(n) of Title 11 are in addition to and not in substitution of any and all other rights, powers, and remedies that each party may have under this Agreement, Title 11, and any other Applicable Laws. [* * *].
Consequences of Bankruptcy. The Parties acknowledge and agree that all rights and licenses now or hereafter granted under or pursuant to any Section of this Agreement are rights to “intellectual property” as defined in Section 101(35A) of Title 11 of the United States Code. Each Party may elect to retain and may fully exercise all of its rights and elections under Section 365(n) of Title 11 of the United States Code.
Consequences of Bankruptcy. The parties agree that this Lease shall terminate upon the filing or execution of:
Consequences of Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by Clovis or Xxxxx or their Affiliates are, and will otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code, licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code. The Parties agree that the Parties and their respective Affiliates, Sublicensees and Third Party sublicensees, as licensees of such rights under this Agreement, will retain and may fully exercise all of their rights and elections under the U.S. Bankruptcy Code and any foreign counterparts thereto.
Consequences of Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by Merck or Ra or their Affiliates are, and will otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code, licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code. The parties agree that the non-insolvent party (and its Affiliates and licensees and sublicensees) as licensees of such rights under this Agreement, will retain and may fully exercise all of its rights and elections under the U.S. Bankruptcy Code and any foreign counterparts thereto. For clarity, the provisions of this Section 12.4(b) will be without prejudice to any rights the terminating party may have arising under any applicable insolvency statute or other applicable law.
Consequences of Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by ZAI or UCB or their Affiliates are, and will otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code, licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code. The Parties agree that the non-insolvent Party (and its Affiliates and sublicensees) as licensees of such rights under this Agreement, will retain and may fully exercise all of its rights and elections under the U.S. Bankruptcy Code and any foreign counterparts thereto.
Consequences of Bankruptcy. In the event that the Company is placed into an involuntary or voluntary bankruptcy proceeding, the Creditor agrees hereby that it votes in favor of a plan of reorganization or liquidation of the Company (the Plan") which provides for the same percentage and prorata amount of cash payment and common stock issuance as provided in this Agreement to be paid to all creditors in the same class as the Creditor. Notwithstanding the foregoing, this Section 6 shall only be operative in a bankruptcy if two-thirds in dollar amount and more than one-half in number of the current outstanding creditors of the Company in the same class and status as the Creditor have entered into Modification and Release Agreements similar to this Agreement that provide for a settlement and compromise of their claim in the same percentage as agreed by the Creditor prior to the filing of any such bankruptcy petition.
Consequences of Bankruptcy. 16.8 No Waiver of Rights by Xxxxxx Section 17. LESSOR’S RIGHTS TO CURE DEFAULT Section 18. ALTERNATIVE DISPUTE RESOLUTION Section 19. SURRENDER AND VACATING OF PREMISES Section 20. HOLDING OVER Section 21. REPRESENTATION AND WARRANTIES OF THE LESSEE Section 22. REPRESENTATION AND WARRANTIES OF THE LESSOR Section 23. COMPLIANCE WITH FEDERAL EQUAL OPPORTUNITY LAWS Section 24. NOTICES Section 25. ANTI-DEFICIENCY ACT Section 26. GENERAL PROVISIONS Section 27. ADDENDUMS AND MODIFICATIONS EXHIBITS AND ATTACHMENTS A Leasehold Interest Site Plan B Inventory and Condition Report C Lessee Farming Enterprise Proposal D Lessor’s Sustainable Agricultural Guidelines E Annual Farm Report Guidelines F Annual Financial Statement Guidelines G Secretary of the Interior’s Standards for Historic Rehabilitation H Lead Hazard Warning Countryside Initiative Program Lease Agreement No. XXXX 200 THIS LEASE is made and entered into by and between the United States Department of the Interior, acting through the National Park Service, an agency of the United States of America (Lessor), and XXXXX (Lessee). WITNESSETH THAT:
