Additional Consequences of Termination. Upon the expiration or termination (including cancellation) of the PO or the Agreement for any reason each party will immediately stop using, and destroy or return to the other party, all items that contain any Confidential Information belonging to the other party, except Buyer may retain one copy of any Confidential Information necessary for the purpose of supporting the Equipment. Upon termination of the PO or the Agreement, Supplier will: (a) promptly terminate all work under the Agreement; (b) upon instruction from Buyer, transfer title and deliver to Buyer the Equipment free and clear of liens, claims and encumbrances; (c) verify and settle any claims by subcontractors for actual costs incurred directly as a result of the termination and ensure the recovery of materials in subcontractors’ possession; (d) take actions reasonably necessary to protect property in Supplier’s possession in which Xxxxx has an interest until disposal instruction from Buyer has been received; and (e) upon Buyer’s request, cooperate with Buyer in transferring the production of Equipment to a different supplier. Notwithstanding any other provision, Buyer will have no obligation for and will not be required to pay Supplier, directly or on account of claims by Supplier’s subcontractors, for loss of anticipated profit, unabsorbed overhead, interest on claims, product development and engineering costs, tooling, facilities and equipment rearrangement costs or rental, unamortized capital or depreciation costs, finished goods, work-in-process or raw materials that Supplier fabricates or procures, or general administrative burden charges from termination of the PO or the Agreement, except as otherwise expressly agreed in writing by Xxxxx. Supplier will furnish to Buyer, within one month after the date of termination, its termination claim, which will consist exclusively of the items of Buyer’s obligation to Supplier that are expressly permitted by this Section and GTCs. Buyer may audit Supplier’s records before or after payment to verify amounts requested in Supplier’s termination claim. Buyer will have no obligation for payment to Supplier under this Section if Buyer terminates the PO or the Agreement or any portion thereof because of a default or breach by Supplier.
Additional Consequences of Termination. Upon termination of this Agreement in its entirety by Company pursuant to Section 14.2 (Material Breach) or by Licensee pursuant to Section 14.3(a) (Convenience), or in the case of Sections 14.5(b), 14.5(c), 14.5(f), 14.5(g), 14.5(j), 14.5(k) and 14.5(l) upon any termination of this Agreement, the following terms and conditions will apply:
Additional Consequences of Termination. Upon termination or cancellation of this PO, Supplier will: (a) promptly terminate all work under the PO; (b) transfer title and deliver to Buyer the finished Equipment free and clear of liens, claims and encumbrances; (c) verify and settle any claims by subcontractors for actual costs incurred directly as a result of the termination and ensure the recovery of materials in subcontractors’ possession; (d) take actions reasonably necessary to protect property in Supplier’s possession in which Xxxxx has an interest until disposal instruction from Buyer has been received; and (e) upon Buyer’s request, cooperate with Buyer in transferring the production of Equipment to a different supplier. Notwithstanding any other provision, Buyer will have no obligation for and will not be required to pay Supplier, directly or on account of claims by Supplier’s subcontractors, for loss of anticipated profit, unabsorbed overhead, interest on claims, product development and engineering costs, tooling, facilities and equipment rearrangement costs or rental, unamortized capital or depreciation costs, finished goods, work-in-process or raw materials that Supplier fabricates or procures, or general administrative burden charges from termination of the PO, except as otherwise expressly agreed in a separate PO issued by Xxxxx. Supplier will furnish to Buyer, within one (1) month after the date of termination, its termination claim, which will consist exclusively of the items of Buyer’s obligation to Supplier that are expressly permitted by this Section 10. Buyer may audit Supplier’s records before or after payment to verify amounts requested in Supplier’s termination claim. Buyer will have no obligation for payment to Supplier under this Section 10. if Buyer terminates the PO or portion thereof because of a default or breach by Supplier.
Additional Consequences of Termination. (a) If Licensee terminates this Agreement pursuant to Section 15.5 prior to the grant of first Regulatory Approval in the United States for the Licensed Product and during an ongoing Phase II Study or Phase III Study, then, in addition to the activities described in Section 15.8, Licensee shall be responsible to pay Anacor all amounts required to complete the ongoing Phase II Study or Phase III Study up to [***]; provided, that no such payment will be due in the event of a termination described in Section 15.9(b) below. Such costs will be reimbursed through quarterly payments to be made by Licensee within thirty (30) days following receipt of detailed quarterly invoices to be issued by Anacor.
Additional Consequences of Termination. (a)If this Agreement is terminated by Newsoara under Section 11.3 based on an uncured material breach by vTv or a Third Party Licensee, vTv shall pay to Newsoara the greater of: (a) the damages arising from the uncured material breach; or (b) a royalty equal to [***] of the royalty rate (as set forth in Section 6.5(a)) of net sales (with the same meaning as “Net Sales,” mutatis mutandis) of the unauthorized Product sold in the Territory, and the provisions of Sections 6.5 through 6.11 and the defined terms therein shall apply, mutatis mutandis, with the references to “vTv” and “Newsoara” switched.
Additional Consequences of Termination. (i) In addition to the consequences set forth in Section 13.6(a), upon termination by Novavax pursuant to Section 13.3 or Section 13.5, Takeda shall grant to Novavax a non-exclusive, non-transferable, fully-paid, perpetual license or sublicense, as applicable, with the right to grant sublicenses (through multiple tiers) under the Takeda Technology and Takeda’s right in the Joint Technology solely for the purposes of Exploiting the Vaccine anywhere in the world.
Additional Consequences of Termination. 1. In the event of a termination of Executive's employment with IAC by IAC without Cause or a termination of Executive's employment with IAC by Executive for Good Reason:
Additional Consequences of Termination. 11.7.1 On or before the effective date of termination of this Agreement, except as otherwise set forth herein:
Additional Consequences of Termination. 17.8.1 On or before the effective date of termination of this Agreement, Enzon shall promptly deliver to Inex a copy of all Data and such other information, materials (including biological materials) and documents in Enzon's possession or control arising from the development of the Product under this Agreement, including, without limitation, the Development, provided that Inex shall be responsible for any reasonable associated Out-of-Pocket Costs associated with transferring same;
Additional Consequences of Termination. 34 11.8 Termination on a Country by Country Basis ....................... 35 11.9
