Common use of Effect of Termination; Surviving Obligations Clause in Contracts

Effect of Termination; Surviving Obligations. (a) Upon termination of this Agreement, all rights and obligations of the parties under this Agreement shall terminate, except as set forth in this Section 7.4. (b) Upon termination of this Agreement by NSC pursuant to Section 7.2 (where NSC has not committed a breach of this Agreement permitting termination by LICENSOR under Section 7.3) all rights to the Licensed Technology and the Licensed Patents shall revert to LICENSOR. (c) In the event that the license granted to NSC under Section 2.1 is terminated in accordance with this Section article 7, any existing sublicenses granted by NSC shall remain in effect and shall be automatically assigned by NSC to LICENSOR so that such sublicenses shall become direct licenses between LICENSOR and the applicable Sublicensees on the terms set forth herein. (d) Expiration or termination of this Agreement shall not relieve the parties of any obligation accruing prior to such expiration or termination. Except as expressly set forth elsewhere in this Agreement, the obligations and the rights of the parties under Sections article 5, article 6, article 7, 8.2 and article 9 shall survive expiration or termination of this Agreement.

Effect of Termination; Surviving Obligations. (a) Upon termination of this Agreement, all rights and obligations of the parties Parties under this Agreement shall terminate, except as set forth in this Section 7.4Article. (b) Upon termination of this Agreement by NSC pursuant to Section 7.2 (where NSC has not committed a breach of this Agreement permitting termination by LICENSOR under Section 7.3) Proteonomix all rights to the Licensed Technology and the Licensed Patents shall revert to LICENSORthe Licensor. (c) In the event that the license granted to NSC under Section 2.1 Proteonomix is terminated in accordance with this Section article 7Article, any existing sublicenses granted by NSC Proteonomix shall remain in effect and shall be automatically assigned by NSC Proteonomix to LICENSOR the Licensor so that such sublicenses shall become direct licenses between LICENSOR the Licensor and the applicable Sublicensees on the terms set forth herein. (d) Expiration or termination of this Agreement shall not relieve the parties Parties of any obligation accruing prior to such expiration or termination. Except as expressly set forth elsewhere in this Agreement, the obligations and the rights of the parties Parties under Sections article Articles 5, article 6, article 7, 8.2 8 and article 9 shall survive expiration or termination of this Agreement.

Effect of Termination; Surviving Obligations. (a) Upon termination of this Agreement, all rights and obligations of the parties under this Agreement shall terminate, except as set forth in this Section 7.4. (b) Upon termination of this Agreement by NSC PROTEONOMIX pursuant to Section 7.2 (where NSC PROTEONOMIX has not committed a breach of this Agreement permitting termination by LICENSOR under Section 7.3) all rights to the Licensed Technology and the Licensed Patents shall revert to LICENSOR. (c) In the event that the license granted to NSC PROTEONOMIX under Section 2.1 is terminated in accordance with this Section article 7, any existing sublicenses granted by NSC PROTEONOMIX shall remain in effect and shall be automatically assigned by NSC PROTEONOMIX to LICENSOR so that such sublicenses shall become direct licenses between LICENSOR and the applicable Sublicensees on the terms set forth herein. (d) Expiration or termination of this Agreement shall not relieve the parties of any obligation accruing prior to such expiration or termination. Except as expressly set forth elsewhere in this Agreement, the obligations and the rights of the parties under Sections article 5, article 6, article 7, 8.2 and article 9 shall survive expiration or termination of this Agreement.