Common use of Termination by ▇▇▇▇▇▇▇▇ Clause in Contracts

Termination by ▇▇▇▇▇▇▇▇. ▇▇▇▇▇▇▇▇ will have the right to terminate this Agreement without cause at any time on or after the Go/No-Go Decision Date upon sixty (60) days written notice; provided, however, that if such termination occurs after the Go/No-Go Decision Date and prior to the end of the Collaborative Period, ▇▇▇▇▇▇▇▇ will provide research funding in accordance with Section 7.1 for a period of six (6) months from the date of written notice of termination (for purposes of clarity, such payment will be a pro rata portion of the annual research funding rate set forth in Section 7.1). In the alternative, ▇▇▇▇▇▇▇▇ may elect to renegotiate the terms of the Agreement based on the progress of the Collaborative Program, in which case the parties shall negotiate in good faith for a reasonable period to arrive at mutually agreeable terms. During such negotiation period, ▇▇▇▇▇▇▇▇ will pay research funding in accordance with Section 7.1 (such payment will be a pro rata portion of the annual research funding rate set forth in Section 7.1)." IV. The Timeline Summary section of Appendix C to the Agreement is hereby amended as provided in Exhibit A hereto. The remainder of Appendix C shall remain unchanged.