CHANGE IN PRINCIPAL INVESTIGATORS Sample Clauses

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CHANGE IN PRINCIPAL INVESTIGATORS. In the event that any MSKCC Principal Investigator dies, becomes disabled such that he or she cannot continue employment at MSKCC, terminates his or her employment at MSKCC, or his or her employment at MSKCC is otherwise terminated, MSKCC shall nominate a replacement Principal Investigator, subject to the approval of Sponsor [***].
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CHANGE IN PRINCIPAL INVESTIGATORS. In the event that Dr. Crystal dies, becomes disabled such that he cannot continue his employment at the Medical College, terminates his employment at the Medical College, or his employment at the Medical College is otherwise terminated, either party to this Agreement shall have the option to terminate this Agreement and the Sponsored Research in the manner provided in Section 8. If ▇▇. ▇▇▇▇▇▇▇ dies, becomes disabled such that he cannot continue his employment at the Medical College, terminates his employment at the Medical College, or his employment at the Medical College is otherwise terminated, or otherwise is unable or unwilling to continue to serve as co-Principal Investigator with respect to the Sponsored Research, the successor to ▇▇. ▇▇▇▇▇▇▇ as Chairman shall serve as co-Principal Investigator with Dr. Crystal, unless the University shall have designated another member of its faculty reasonably acceptable to Sponsor and to Dr. Crystal to serve as the co-Principal Investigator with Dr. Crystal; provided, however, that if such Chairman or other faculty member has any consulting or other commercial relationship with a competitor of Sponsor in the gene therapy field, the University, upon notice of objection from Sponsor, shall designate another member of its faculty, reasonably acceptable to Sponsor and Dr. Crystal, without such relationship, to serve as co-Principal Investigator.
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CHANGE IN PRINCIPAL INVESTIGATORS. In the event that any FHCRC Principal Investigator dies, becomes disabled such that he or she cannot continue employment at FHCRC, terminates his or her employment at FHCRC, or his or her employment at FHCRC is otherwise terminated, FHCRC shall nominate a replacement Principal Investigator, subject to the approval of Juno [***].
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Related to CHANGE IN PRINCIPAL INVESTIGATORS

  • Principal Investigator The Research Project will be supervised by _____________ (Principal Investigator). If for any reason this individual is unable to continue to serve as principal investigator and a successor acceptable to both the University and the Sponsor is not available, this Agreement shall be terminated as provided in Article 6.

  • Legal Investment On the Closing Date, the sale and issuance of the Shares and the proposed issuance of the Conversion Shares shall be legally permitted by all laws and regulations to which Purchasers and the Company are subject.

  • Independent Investment Decision Such Purchaser has independently evaluated the merits of its decision to purchase the Shares pursuant to the Agreement, and such Purchaser confirms that it has not relied on the advice of any other Purchaser’s business and/or legal counsel in making such decision. Such Purchaser has not relied on the business or legal advice of the Company or any of its agents, counsel or Affiliates in making its investment decision hereunder, and confirms that none of such Persons has made any representations or warranties to such Purchaser in connection with the transactions contemplated by the Transaction Documents.

  • INITIAL INVESTMENT The Advisor has contributed to the Company $200,000 in exchange for 20,000 Equity Shares (the "Initial Investment"). The Advisor may not sell these shares while the Advisory Agreement is in effect, although the Advisor may transfer such shares to Affiliates. The restrictions included above shall not apply to any Equity Shares, other than the Equity Shares acquired through the Initial Investment, acquired by the Advisor or its Affiliates. The Advisor shall not vote any Equity Shares it now owns, or hereafter acquires, in any vote for the removal of Directors or any vote regarding the approval or termination of any contract with the Advisor or any of its Affiliates.

  • Potential Change in Control A “Potential Change in Control” shall exist during any period in which the circumstances described in paragraphs (a), (b), (c) or (d), below, exist (provided, however, that a Potential Change in Control shall cease to exist not later than the occurrence of a Change in Control): (a) The Company enters into an agreement, the consummation of which would result in the occurrence of a Change in Control, provided that a Potential Change in Control described in this paragraph (a) shall cease to exist upon the expiration or other termination of all such agreements; (b) Any Person (without regard to the exclusions set forth in subsections (i) through (iv) of such definition) publicly announces an intention to take or to consider taking actions the consummation of which would constitute a Change in Control; provided that a Potential Change in Control described in this paragraph (b) shall cease to exist upon the withdrawal of such intention, or upon a determination by the Board that there is no reasonable chance that such actions would be consummated; (c) Any Person becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing 20% or more of either the then outstanding shares of common stock of the Company or the combined voting power of the Company’s then outstanding securities; (d) The Board adopts a resolution to the effect that, for purposes of this Agreement, a Potential Change in Control exists; provided that a Potential Change in Control described in this paragraph (d) shall cease to exist upon a determination by the Board that the reasons that gave rise to the resolution providing for the existence of a Potential Change in Control have expired or no longer exist.