Common use of Effect of Expiration or Termination of this Agreement for Any Reason Clause in Contracts

Effect of Expiration or Termination of this Agreement for Any Reason. Upon the expiration or termination of this Agreement by either Party for any reason, the following provisions will apply: 15.6.1 Each Party will return the originals and any copies of the other Party’s Confidential Information; provided, that, each Party may retain copies of any Confidential Information that is subject to a continuing license hereunder and one copy of the other Party’s Confidential Information in possession of its legal counsel for the purposes of monitoring its obligations hereunder and exercising any surviving rights and complying with Applicable Laws; 15.6.2 Neither Party will be relieved of any liability or obligation of such Party that accrued, or which arose during or relates to any period, prior to the effective date of such termination, including any payment obligations; and 15.6.3 The provisions of ARTICLE I, ARTICLE XI, ARTICLE XIV (excluding Section 14.4), ARTICLE XVI, and ARTICLE XVII, and Sections 9.2 (solely for the limited period provided for therein), 9.3 (solely for the limited period provided for therein), 10.2, 15.6, 15.7, and 15.8, and 15.10 as applicable will survive any expiration or termination of this Agreement and remain in full force and effect in accordance with their terms.

Appears in 2 contracts

Samples: Exclusive License and Supply Agreement (Reata Pharmaceuticals Inc), Exclusive License and Supply Agreement (Reata Pharmaceuticals Inc)

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Effect of Expiration or Termination of this Agreement for Any Reason. Upon the expiration or termination of this Agreement by either Party for any reason, the following provisions will apply: 15.6.1 Each 8.5.1 Subject to Southwest’s rights to use materials placed in escrow hereunder, each Party will return the originals and any copies of the other Party’s Confidential Information and Proprietary Information; provided, that, each Party may retain copies of any Confidential Information or Proprietary Information that is subject to a continuing license hereunder pursuant to a fully executed written agreement between the Parties, and one copy of the other Party’s Confidential Proprietary Information in possession of its legal counsel for the purposes of monitoring its obligations hereunder and exercising any surviving rights and complying with Applicable Lawsrights; 15.6.2 Neither 8.5.2 Subject to Section 11.10, neither Party will be relieved of any liability or obligation of such Party that accrued, or which arose during or relates to any period, prior to the effective date of such termination, including without limitation any payment obligations; and 15.6.3 and 8.5.3 The provisions of ARTICLE I1, Sections 2.6, 3.3.6, 4.2.4, 4.3.2, 4.3.3, 5.1.2, 5.1.3, 5.1.4, 5.1.5, 5.1.6, 5.2, 6.3, 6.4, 7.1, 7.2, 7.3, 7.4, 7.5, ARTICLE XI8, ARTICLE XIV (excluding Section 14.4)9, ARTICLE XVI, 10 and ARTICLE XVII11, and Sections 9.2 (solely for the limited period provided for therein)as applicable, 9.3 (solely for the limited period provided for therein), 10.2, 15.6, 15.7, and 15.8, and 15.10 as applicable will survive any the expiration or termination of this Agreement and remain in full force and effect in accordance with their terms.

Appears in 2 contracts

Samples: Supply and Services Agreement (Global Eagle Entertainment Inc.), Supply and Services Agreement (Global Eagle Entertainment Inc.)

Effect of Expiration or Termination of this Agreement for Any Reason. 13.4.1 Upon the expiration or termination of this Agreement by either Party for any reason, reason each of the following provisions will apply: 15.6.1 Each Party will Parties shall return the originals and any copies of the other Party’s Confidential Proprietary Information; provided, that, each Party may retain copies of any Confidential Proprietary Information that is subject to a continuing license hereunder and one copy of the other Party’s Confidential Proprietary Information in possession of its legal counsel for the purposes of monitoring its obligations hereunder and exercising any surviving rights and complying with Applicable Lawsrights; 15.6.2 Neither 13.4.2 Upon expiration or the termination of this Agreement by either Party will for any reason neither Party shall be relieved of any liability or obligation of such Party that accrued, or which arose during or relates to any period, prior to the effective date of such termination, including without limitation any payment obligations; and 15.6.3 The and 13.4.3 Upon expiration or the termination of this Agreement by either Party for any reason the provisions of ARTICLE IArticles 1, ARTICLE XI11, ARTICLE XIV (excluding Section 14.4)12, ARTICLE XVI14, and ARTICLE XVII, 15 and Sections 9.2 (solely for 9.2, 9.3, 10.1, 13.4 and 15.2-15.11 and Sections 13.5, 13.6 and/or 13.7 as applicable, shall survive the limited period provided for therein), 9.3 (solely for the limited period provided for therein), 10.2, 15.6, 15.7, and 15.8, and 15.10 as applicable will survive any expiration or termination of this Agreement and remain in full force and effect in accordance with their terms.

Appears in 1 contract

Samples: Exclusive License Agreement (Arqule Inc)

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Effect of Expiration or Termination of this Agreement for Any Reason. Upon the expiration or termination of this Agreement by either Party for any reason, the following provisions will apply: 15.6.1 Each Party will return the originals and any copies of the other Party’s Confidential Information; provided, that, each Party may retain copies of any Confidential Information that is subject to a continuing license hereunder and one copy of the other Party’s Confidential Information in possession of its legal counsel for the purposes of monitoring its obligations hereunder and exercising any surviving rights and complying with Applicable Laws; 15.6.2 Neither Party will be relieved of any liability or obligation of such Party that accrued, or which arose during or relates to any period, prior to the effective date of such termination, including any payment obligations; and Specific terms in this Exhibit have been redacted because such terms are both not material and are of the type that the Company treats as private or confidential. These redacted terms have been marked in this Exhibit with three asterisks [***]. 15.6.3 The provisions of ARTICLE I, ARTICLE XI, ARTICLE XIV (excluding Section 14.4), ARTICLE XVI, and ARTICLE XVII, and Sections 9.2 (solely for the limited period provided for therein), 9.3 (solely for the limited period provided for therein), 10.2, 15.6, 15.7, and 15.8, and 15.10 as applicable will survive any expiration or termination of this Agreement and remain in full force and effect in accordance with their terms.

Appears in 1 contract

Samples: Exclusive License and Supply Agreement (Reata Pharmaceuticals Inc)

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