Common use of Effect of, and Obligations Upon, Termination Clause in Contracts

Effect of, and Obligations Upon, Termination. Upon termination, all due sums owed to Altruist by Advisor shall be paid immediately to Altruist, including unbilled fees. All licenses granted hereunder shall terminate on termination of this Agreement. Upon termination of this Agreement, Advisor shall return all user documentation and all other data and related materials provided to Advisor by Altruist. In the event any Software has been installed or delivered to Advisor, on termination of this Agreement, Advisor shall immediately cease all use of such Software and irretrievably delete it from its systems.

Appears in 2 contracts

Samples: Model Marketplace Agreement, Model Marketplace Agreement

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Effect of, and Obligations Upon, Termination. Upon termination, all due sums owed to Altruist by Advisor shall be paid immediately to Altruist, including unbilled fees. All licenses granted hereunder shall terminate on termination of this Agreement. Upon termination of this Agreement, Advisor shall return all user documentation and all other data and related materials provided to Advisor by Altruist. In the event any Software has been installed or delivered to AdvisorAdvisor for installation on its systems, on termination of this Agreement, Advisor shall immediately cease all use of such Software and irretrievably delete it from its systems.

Appears in 2 contracts

Samples: Subadvisory Agreement, Subadvisory Agreement

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