Effect of Termination by Licensee. Upon termination by Licensee pursuant to Section 13.6(a), Licensee will elect to either forfeit all rights granted to it under this Agreement, or, alternatively, elect to continue its license rights hereunder by making all of the payments that would be required if the Agreement were not terminated as and when such payments become due under Article 8, except that all such payments shall be reduced by ***** from the amounts that are otherwise payable, for the continuation of the license rights granted to Licensee, unless the termination was due to a breach of *****, in which case there shall be a ***** reduction, and all future non-financial obligations to Licensor and its Affiliates will immediately cease, other than those obligations which expressly survive any termination of expiration of this Agreement. (c)
Effect of Termination by Licensee. Upon termination by Licensee pursuant to Section 13.7(a), Licensee will elect to either forfeit all rights granted to it under this Agreement, or, alternatively, elect to continue its license rights hereunder by making all of the same payments that would be required if the Agreement were not terminated as and when such payments become due under Article 8, except that all such payments shall be reduced by ***** from the amounts that are otherwise payable, for the continuation of the license rights granted to Licensee and all future non-financial obligations to Licensor and its Affiliates will immediately cease, other than those obligations which expressly survive any termination of expiration of this Agreement. (c)
Effect of Termination by Licensee. In the event of any termination of this Agreement by Licensee pursuant to Section 14.02 (Termination for Breach), the Parties shall enter into good faith discussions regarding a royalty-bearing non-exclusive license from Licensee to Akebia, with the right to grant sublicenses, under all Improvements, Licensee Patents, Licensee Inventions and Licensee Technology to research, develop, make, have made, use, import, offer for sale, sell and otherwise exploit the Licensed Compound in the Field inside and outside the Territory, alone or as incorporated into a Licensed Product, only to the extent necessary or useful to research, develop, make, have made, use, import, offer for sale, sell and otherwise exploit the Licensed Compounds, Licensed Products, Combination Products or Bundled Products in the Field inside and outside the Territory. Section 14.05(a) and Section 14.05(c) shall apply, and the costs associated with the assignments set forth in Section 14.05(c) shall be borne by Akebia. In the event of any termination of this Agreement by Licensee pursuant to Section 14.03 (Termination for Convenience), Section 14.05(a) through Section 14.05(d) shall apply.
Effect of Termination by Licensee. Upon termination of this Agreement by Licensee, Licensee may continue to use the Software for the remainder of the then-current Subscription Term pursuant to the terms hereof and ShardSecure shall no longer have any obligation to provide Software Support Services. Upon the expiration of the then-current Subscription Term, Licensee shall immediately discontinue all use of the Software and shall remove the Software and any and all copies thereof from all computers and deliver to ShardSecure any proprietary materials of ShardSecure that have been provided to Licensee hereunder. Alternatively, Licensee may destroy all such Software and materials and certify such destruction to ShardSecure in writing, within five (5) days following the expiration date.
Effect of Termination by Licensee. In the event of termination of this License Agreement by Licensee for any permissible reasons under Section 9(d), the License Agreement shall be deemed terminated finally and shall cease to exist, except as to any payment obligations outstanding under Section 3. Licensee shall have no right to continue to use the licensed rights beyond the date of termination of this License Agreement. Further, Licensee waives any rights under section 352(n) of the U.S. Bankruptcy Code, as amended, or any other similar law or rights.
Effect of Termination by Licensee. 42.1 If this Agreement is terminated, no Licensed Products may be sold or distributed or any promotional material used, or any Licensed Technology Rights, Trademark Rights or Copyrights by Licensee. 42.2 Upon termination of this Agreement, all payments then owed shall become immediately due and payable, all amounts owed after termination shall be paid within thirty (30) days of the invoiced sale, rental payment or other event creating an obligation to pay.
Effect of Termination by Licensee. Upon termination by Licensee pursuant to [***], (i) all rights and the licenses granted to Licensee by Licensor with respect to [***] shall immediately terminate and, subject to this Section 13.3(b), all future obligations of each Party and its Affiliates with respect to [***] will immediately cease, (ii) Licensee will [***], and (iii) at Licensor’s request, Licensee shall negotiate in good faith with Licensor commercially reasonable terms (including financial terms) upon which Licensee would grant to Licensor appropriate licenses under any Licensee Technology Controlled by Licensee or its Affiliates and assign to Licensor any Regulatory Materials or Regulatory Approval owned by Licensee or its Affiliates for purposes of Exploiting any Compound(s) or Product(s) in [***].
Effect of Termination by Licensee. Upon any termination of this Agreement by Licensee pursuant to Section 13.2(a), Section 13.2(c), and Section 13.2(e), [***], or [***].
Effect of Termination by Licensee. Upon termination by Licensee pursuant to Section 13.3(a), (i) all rights and the licenses granted to Licensee by Licensor under the terminated portions of this Agreement shall immediately terminate and, subject to this Section 13.3(b), all future obligations of each Party and its Affiliates under the terminated portions of this Agreement will immediately cease, (ii) Licensee will stop recruiting for any ongoing Clinical Studies with [*] = Certain confidential information contained in this document, marked by brackets, has been omitted because it is both (i) not material and (ii) would be competitively harmful if publicly disclosed. respect to the terminated portions of this Agreement and will terminate them in accordance with ethical guidelines, and (iii) at Licensor’s request, Licensee shall negotiate in good faith with Licensor commercially reasonable financial terms upon which Licensee would assign to Licensor rights in any Information, Inventions and Regulatory Materials controlled by Licensee with respect to Product(s) relating to the terminated portions of this Agreement.
