Example ContractsClausesBreach Under Bellus License Agreement
Remove:

Breach under Bellus License Agreement. In the event of any default, breach or violation by FB Health of the Bellus License Agreement, Bellus shall promptly notify in writing of such breach, and shall have the right, but not the obligation, to cure such default, breach or violation on behalf of FB Health within [ * ] after ’s receipt from Bellus of written notification of such default, breach or violation. During such [ * ] cure period, Bellus shall not terminate the Bellus License Agreement as a result of such breach.

No Breach. Bellus confirms that, as of the date of this Letter Agreement: # the Bellus License Agreement remains in full force and effect; and # it has not given any notice to FB Health of any breach by FB Health under the Bellus License Agreement.

Option to Obtain a License Directly from Bellus Upon Termination of the Bellus License Agreement. In the event Bellus has the right to terminate the Bellus License Agreement for any reason, and the Sublicense Agreement is in force and effect as of the proposed date of termination of the Bellus License Agreement, Bellus shall promptly notify , and shall have the right to obtain directly from Bellus, a license agreement on substantially the same terms and conditions set forth in the Bellus License Agreement (such right, the “License Option”). may exercise the License Option by providing a written notice to Bellus within [ * ] from the date that Bellus notifies that Bellus has the right to terminate the Bellus License Agreement. If exercises the License Option, Bellus shall enter into a license agreement directly with (the “New License Agreement”) on substantially the same terms and conditions as those set forth in the Bellus License Agreement; provided, however, # that Bellus shall agree in the New License Agreement to terms providing that in no event shall be liable to Bellus for any actual or alleged breach by FB Health of the Bellus License Agreement; # that the financial terms of the New License Agreement shall in no event be greater than the corresponding financial terms set forth in the Bellus License Agreement; and # that in no event shall Bellus be obligated to accept provisions in any New License Agreement unless such provisions correspond to rights granted, or covenants made, by Bellus to FB Health under the Bellus License Agreement. Bellus shall not terminate the Bellus License Agreement until the New License Agreement is fully executed and in full force and effect. FB Health acknowledges and agrees that all of ’s payment obligations under the Sublicense Agreement shall automatically terminate upon execution of the New License Agreement to the extent that they are required payments under the New License Agreement.

Amendments to Bellus License Agreement. Bellus shall give prompt notice to , together with a detailed summary of outstanding issues if so requests, of any notice received from or given to FB Health of any proposed amendments or proposed modifications of, or any proposed waivers under, the Bellus License Agreement.

Other Breach Under Agreement. fails to meet the conditions of, or fails to perform any obligation under, any tern of this Agreement not specifically referred to above.

Reference is hereby made to that certain License Agreement between FB Health S.p.A (“FB Health”) and Bellus”), of even date herewith (the “Bellus License Agreement”). All capitalized terms used but not defined herein shall have the meaning set forth in the Bellus License Agreement.

Notwithstanding anything to the contrary set forth in [Article 5] of the Bellus License Agreement, FB Health may disclose Confidential Information of Bellus to , provided that such disclosure complies with the requirements of [Section 5.2] of the Bellus License Agreement. The parties hereto recognize that, from time to time, might receive from Bellus or FB Health Confidential Information of Bellus (or other information that would have constituted Confidential Information of Bellus under the Bellus License Agreement if it had been disclosed by Bellus to FB Health) (collectively, “Bellus Information”). The parties hereto agree that the terms and conditions of [Article 5] of the Sublicense Agreement that apply to Confidential Information of FB Health shall also apply to such Bellus Information, except that references in [Article 5] to the “other Party” with respect to such Bellus Information shall be deemed to refer to Bellus, not FB Health.

Bellus, FB Health and acknowledge and agree that shall be deemed to be an FB Health Indemnitee for all purposes under the Bellus License Agreement.

Clarifications of Rights and Obligations under the Bellus License Agreement and Sublicense Agreements.

License. Subject to the applicable terms and conditions contained in this Lease (including Paragraph 12 and this Paragraph 28), Tenant shall have a license (the “License”), at no additional charge to Tenant, to install, operate, maintain and use, during the Lease Term: # non-revenue producing solar panels and satellite or wireless communications equipment to serve Tenant’s business in the Premises (collectively, “Rooftop Equipment”) on the roof of the Building, in a specific location reasonably designated by Landlord (the “License Area”); and # connections for the Rooftop Equipment for # electrical wiring to the Building’s existing electrical supply and # cable or similar connection necessary to connect the Rooftop Equipment with Tenant’s related equipment located in the Premises. The routes or paths for such wiring and connections shall be through the Building’s existing risers, conduits and shafts, subject to reasonable space limitations and Landlord’s reasonable requirements for use of such areas, and in all events subject to Landlord’s reasonable approval of plans and installation pursuant to other provisions of this Lease, including Paragraph 27 above (such routes or paths are collectively referred to as the “Cable Path” and all such electrical and other connections are referred to, collectively, as the “Connections”). The Rooftop Equipment and Connections are collectively referred to as the “Equipment.” All costs associated with the design, fabrication, engineering, permitting, installation, screening, maintenance, repair and removal of the Rooftop Equipment shall be borne solely by Tenant.

Load more...
Select clause to view document information.

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.