Common use of New Section 4 Clause in Contracts

New Section 4. I. Section 4 of the Master Agreement is hereby amended by adding Sections 4.I and as follows: I. To the extent that Novartis or any Affiliate of Novartis desires to assign, sell, license or otherwise transfer any right or interest by any means (including granting an option) in or to the Correlation IP to any person or entity other than an Affiliate of Novartis (a “Transaction”), or decides not to pursue the commercialization of such Correlation IP by responding to a specific request in writing from Foundation concerning the commercialization of such Correlation IP, then 1. Novartis will grant to Institution [...***...] 2. [...***...] FIRST AMENDMENT