Common use of Action to be Taken by Affiliates Clause in Contracts

Action to be Taken by Affiliates. PARENT GUARANTEE. AspenTech shall ensure and guarantee that each Affiliate to whom AspenTech sublicenses rights in the Licensed Property or Licensed IP after the date hereof uses it in a manner that is consistent with the terms of this Agreement. Any failure of any such Affiliate to comply with the provisions of this Agreement relating to the Licensed Property or the Licensed IP shall be deemed to constitute a breach of this Agreement by AspenTech. Aspen Technology, Inc. ("PARENT") hereby guarantees the obligations of AspenTech and its Affiliates under this Agreement that may arise as a result of any breach of this Agreement by AspenTech or its Affiliates.

Action to be Taken by Affiliates. PARENT GUARANTEE. AspenTech shall ensure and guarantee that each Affiliate to whom AspenTech sublicenses rights in the Licensed Property or Licensed IP after the date hereof uses it in a manner that is consistent with the terms of this Agreement. Any failure of any such Affiliate to comply with the provisions of this Agreement relating to the Licensed Property or the Licensed IP shall be deemed to constitute a breach of this Agreement by AspenTech. Aspen Technology, Inc. ("PARENT") AspenTech hereby guarantees the obligations of AspenTech and its Affiliates under this Agreement that may arise as a result of any breach of this Agreement by AspenTech or its Affiliates.