Consequences of resignation, termination or liquidation Sample Clauses

Consequences of resignation, termination or liquidation. In case of resignation of any Member, pursuant to Section 8 of the Articles of Association, the resigning Member maintains its Background in accordance with the provision set forth in Section 3 of the present IPR Policy; Resignation of any Member shall not affect any licenses (to be) granted (in the future) by that Member under the current IPR Policy. In case of termination of any Member, pursuant to Section 8 of the Articles of Association, the terminated Member maintains its Background in accordance with the provision set forth in Section 3 of the present IPR Policy; Termination of any Member shall not affect any licenses (to be) granted (in the future) by that Member under the current IPR Policy or to rights granted to or to which that Member is entitled at the time of resignation or other termination. For avoidance of doubt, such Member is not entitled to receive and not required to grant licenses for any Proposed Specification adopted after termination, except that: (i) unless such Member is terminated under Section 8.1.3 of the Articles of Association because of a material breach by such Member that is not cured under Section 8.2 of the Articles of Association, such Member shall be entitled to receive rights that may be available to any non-Member; and, (ii) such Member shall be required to grant licenses under any of its Necessary IPRs but only to the extent that such Necessary IPRs qualify as such by virtue of a contribution made by such Member to such Proposed Specification prior to such termination. In case of dissolution or liquidation of the Association, pursuant to Section 10 of the Articles of Association above, the General Meeting shall consider how best to deal with any IPRs owned by the Association or received by the Association by means of a license and shall, unless otherwise provided in the template of the license agreement with regard to IPR's licensed to the Association, have the option to require an assignment of such IPRs to another party to enable maintenance of such IPRs by that other party at its own cost. Non execution of obligations contained herein by party (member or non member) towards another party allows the latter to suspend its obligations towards the other.
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Related to Consequences of resignation, termination or liquidation

  • TERMINATION AND CONSEQUENCES OF TERMINATION 14.1 On termination of any Service Schedule for whatever reason the Client will cease to have the Services provided thereunder.

  • Consequences of Termination Upon the termination of this Agreement:

  • Termination Upon Bankruptcy Either Party may terminate this Agreement if, at any time, the other Party shall (a) file in any court or agency pursuant to any statute or regulation of any state, country or jurisdiction, a petition in bankruptcy or insolvency or for reorganization or for an arrangement or for the appointment of a receiver or trustee of that Party or of its assets, (b) propose a written agreement of composition or extension of its debts, (c) be served with an involuntary petition against it, filed in any insolvency proceeding, and such petition has not been dismissed within sixty (60) days after the filing thereof, (d) propose or be a party to any dissolution or liquidation, (e) make an assignment for the benefit of its creditors or (f) admit in writing its inability generally to meet its obligations as they fall due in the general course.

  • Termination of Recall Rights The layoff shall be a termination of employment and recall rights shall lapse if the layoff lasts for more than twenty-four (24) consecutive months without recall.

  • Termination for Bankruptcy In the event that either Party files for protection under bankruptcy laws, makes an assignment for the benefit of creditors, appoints or suffers appointment of a receiver or trustee over its property, files a petition under any bankruptcy or insolvency act or has any such petition filed against it which is not discharged within sixty (60) days of the filing thereof, then the other Party may terminate this Agreement effective immediately upon written notice to such Party.

  • Consequences of Termination on Notice by the Province If the Province terminates the Agreement pursuant to section A11.1, the Province may take one or more of the following actions:

  • Winding Up Affairs Upon Termination In the event that this Contract is terminated for any reason, the parties agree that the provisions of this paragraph survive termination:

  • CONSEQUENCES OF TERMINATION AND EXPIRY 28.1 Notwithstanding the service of a notice to terminate this Framework Agreement, the Supplier shall continue to fulfil its obligations under this Framework Agreement until the date of expiry or termination of this Framework Agreement or such other date as required under this Clause 28 (Consequences of Termination and Expiry).

  • Termination for Lack of Funding If this Contract is funded by public funds or a grant from a public or private entity, and the funds are not appropriated or the grant is discontinued, the County may terminate this Contract by written notice specifying the date of termination. The County shall pay for all work properly performed up to the effective date of the notice of termination.

  • H4 Consequences of Expiry or Termination H4.1 Where the Authority terminates the Contract under clause F5.5 (Remedies in the Event of Inadequate Performance) or clause H2 (Termination on Default) and then makes other arrangements for the supply of Services, the Authority may recover from the Contractor the cost reasonably incurred of making those other arrangements and any additional expenditure incurred by the Authority throughout the remainder of the Contract Period. The Authority shall take all reasonable steps to mitigate such additional expenditure. Where the Contract is terminated under clause F5.5 or clause H2 (Termination on Default), no further payments shall be payable by the Authority to the Contractor until the Authority has established the final cost of making those other arrangements.

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