Common use of Dissolution of Committees Clause in Contracts

Dissolution of Committees. If this Agreement is terminated in its entirety, all Committees will be dissolved as of the effective date of such termination, provided that, for any surviving provisions requiring action or decision by any of the Committees or an Executive Officer, each Party will appoint representatives to act as its Committee members or Executive Officer, as applicable. If this Agreement is terminated in part, then the subject-matter responsibility of the respective Committees will no longer extend to the Licensed Products.

Appears in 2 contracts

Sources: License Agreement (TradeUP Acquisition Corp.), License Agreement (TradeUP Acquisition Corp.)

Dissolution of Committees. If this Agreement is terminated in its entirety, all Committees will be dissolved as of the effective date of such termination, provided that, for any surviving provisions requiring action or decision by any of the Committees or an Executive Officer, each Party will appoint representatives to act as its Committee members or Executive Officer, as applicable. If this Agreement is terminated in part, then the subject-matter responsibility of the respective Committees will no longer extend to the Licensed Terminated Products.

Appears in 2 contracts

Sources: Collaboration and License Agreement (Sage Therapeutics, Inc.), Collaboration and License Agreement (Sage Therapeutics, Inc.)

Dissolution of Committees. If this Agreement is terminated in its entirety, all All Committees will be dissolved as of the effective date of such terminationtermination or expiration, provided that, for any surviving provisions requiring terms or conditions of the Agreement that would require action or decision by any of the Committees or an Executive Officer, each Party will appoint representatives to act as its Committee members or Executive Officer, as applicable. If this Agreement is terminated in part, then the subject-matter responsibility of the respective Committees will no longer extend solely to the Licensed Productseffect such required action or decision.

Appears in 1 contract

Sources: Collaboration and License Agreement (CymaBay Therapeutics, Inc.)

Dissolution of Committees. If this Agreement is terminated in its entirety, all All Committees will be dissolved as of the effective date of such the entire termination, provided that, for any surviving provisions requiring action or decision by any of the Committees or an Executive Officer, each Party will appoint representatives to act as its Committee members or Executive Officer, as applicable. If this Agreement is terminated in part, then the subject-matter responsibility of the respective Committees will no longer extend to the Licensed Products.

Appears in 1 contract

Sources: Option and Collaboration Agreement (Social Capital Suvretta Holdings Corp. I)

Dissolution of Committees. If this Agreement is terminated in its entirety, all All Committees will be dissolved as of the effective date of such termination, provided that, for any surviving provisions requiring action or decision by any of the Committees or an Executive Officer, each Party will appoint representatives to act as its Committee members or Executive Officer, as applicable. If this Agreement is terminated in part, then the subject-matter responsibility of the respective Committees will no longer extend to the Licensed Products.

Appears in 1 contract

Sources: Collaboration and License Agreement (Corbus Pharmaceuticals Holdings, Inc.)