Common use of Disposition of Inventory upon Expiration Clause in Contracts

Disposition of Inventory upon Expiration. Notwithstanding the -------------------------------------------- provisions of subsection 11.(f), if this Agreement expires in accordance with its terms and is not terminated for a breach by Licensee, Licensee shall have the right to sell Products on hand or in the process of manufacture as of the date of such expiration or termination for a period of ninety (90) days immediately following expiration, subject to payment of royalties to Licensor on any such sales and compliance with all the terms of this Agreement. The sell-off right granted to Licensee is expressly conditioned on Licensee's providing Licensor with an accurate total of all inventory of Products on hand and on Licensor's having the right to conduct a physical inventory in order to verify such inventory. In the event Licensee fails to provide such inventory to Licensor, and/or refuses to permit Licensor to conduct a physical inventory, the terms of subsection 11. (f) will control. Upon expiration of the sell-off period, all remaining Products shall upon Licensor's option be sold to Licensor at Licensee's direct cost of manufacture, excluding overhead, or Licensee shall destroy the Products and furnish Licensor with a sworn certificate of destruction.

Disposition of Inventory upon Expiration. Notwithstanding the -------------------------------------------- provisions of subsection 11.(f11. (f), if this Agreement expires in accordance with its terms and is not terminated for a breach by Licensee, Licensee shall have the right to sell Products on hand or in the process of manufacture as of the date of such expiration or termination for a period of ninety (90) days immediately following expiration, subject to payment of royalties to Licensor Licensee on any such sales and compliance with all the terms of this Agreement. The sell-off right granted to Licensee is expressly conditioned on Licensee's providing Licensor with an accurate total of all inventory of Products on hand and on Licensor's having the right to conduct a physical inventory in order to verify such inventory. In the event Licensee fails to provide such inventory to Licensor, and/or refuses to permit Licensor to conduct a physical inventory, the terms of subsection 11. (f9f) will control. Upon expiration of the sell-off period, all remaining Products shall upon Licensor's option be sold to Licensor at Licensee's direct cost of manufacture, excluding overhead, or Licensee shall destroy the Products and furnish Licensor with a sworn certificate of destruction.

Disposition of Inventory upon Expiration. Notwithstanding the -------------------------------------------- provisions of subsection 11.(f11. (f), if this Agreement expires in accordance with its terms and is not terminated for a breach by Licensee, Licensee shall have the right to sell Products on hand or in the process of manufacture as of the date of such expiration or termination for a period of ninety (90) days immediately following expiration, subject to payment of royalties to Licensor Licensee on any such sales and compliance with all the terms of this Agreement. The sell-off right granted to Licensee is expressly conditioned on Licensee's providing Licensor with an accurate total of all inventory of Products on hand and on Licensor's having the right to conduct a physical inventory in order to verify such inventory. In the event Licensee fails to provide such inventory to Licensor, and/or refuses refuse to permit Licensor to conduct a physical inventory, the terms of subsection 11. (f9f) will control. Upon expiration of the sell-off period, period all remaining Products shall upon Licensor's option be sold to Licensor at Licensee's direct cost of manufacture, excluding overhead, or Licensee shall destroy the Products and furnish Licensor with a sworn certificate certification of destruction.

Disposition of Inventory upon Expiration. Notwithstanding the -------------------------------------------- provisions of subsection 11.(f11.(e), if this Agreement expires in accordance with its terms and is not terminated for a breach by Licensee, Licensee shall have the right to sell Products on hand or in the process of manufacture as of the date of such expiration or termination for a period of ninety one hundred and eighty (90180) days immediately following expiration, subject to payment of royalties to Licensor Licensee on any such sales and compliance with all the terms of this Agreement. The sell-off right granted to Licensee is expressly conditioned on Licensee's providing Licensor with an accurate total of all inventory of Products on hand and on Licensor's having the right to conduct a physical inventory in order to verify such inventory. In the event Licensee fails to provide such inventory to Licensor, and/or refuses to permit Licensor to conduct a physical inventory, the terms of subsection 11. (f9f) will control. Upon expiration of the sell-off period, all remaining Products shall upon Licensor's option be sold to Licensor at Licensee's direct cost of manufacture, excluding overhead, or Licensee shall destroy the Products and furnish Licensor with a sworn certificate of destruction.