definiens: means any ( a ) willful or grossly negligent breach by [COMPANY] of one or more of the following provisions : ( i ) [COMPANY] ’s grant of rights to Company under Section 2.1, Sect ion 2.6 or Section 2.7 ; ( ii ) [COMPANY] ’s confidentiality obl igations under Article 12 with respect to the resul ts of Company ’s Development of any Product and any materi al information contained in any registration dossie r or submission for any Regulatory Approval for any Prod uct ; or ( iii ) [COMPANY] ’s obligations under Section 2.5 or ( b ) any rejection of this Agreement by or on behalf of [COMPANY] as the Bankrupt Party in connection wi th any Bankruptcy Event . For the avoidance of doubt, a Ser ious Material Breach will also qualify as a breach of a material obligation for purposes of Section 13.4