Events Upon Termination or Expiration Sample Clauses

Events Upon Termination or Expiration. (i) In the event of any termination or expiration of this Agreement for any reason: All payments from Buyer to Nautilus that have accrued under the Stairmaster Asset Purchase Agreement and/or under the Stairmaster Technology Agreement as of the date of termination or expiration shall immediately become due and payable. (ii) In the event of any Termination of this Stairmaster Technology Agreement is based in whole or in part upon default by Buyer of Section 2.B.(ii), then any and all rights assigned, transferred and/or licensed to Buyer under this Stairmaster Technology Agreement shall automatically revert back to Nautilus and all use of the Stairmaster Marks by Buyer, as well as of any marks, names or domain names confusingly similar thereto, shall immediately cease except that Buyer may complete all unfinished goods (work-in-progress) and sell all inventory for up to six (6) months after termination. Buyer may not acquire any additional parts or materials to complete unfinished goods after termination of this Stairmaster Technology Agreement for this reason. Any and all use by Buyer of any Stairmaster Patents and of any other rights Buyer has received under this Stairmaster Technology Agreement from Nautilus shall immediately cease upon sale of such outstanding inventory.
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Events Upon Termination or Expiration. (1) Upon any termination or expiration hereof, (i) Licensee shall be under no further obligation to make available to Broker any further broadcast time or broadcast transmission facilities and all amounts accrued or payable to Licensee up to the date of termination which have not been paid shall immediately become due and payable by Broker, (ii) Broker shall be responsible for debts and obligations of Broker resulting from the use of air time and transmission facilities including, without limitation, accounts payable and net barter balances, but not for Licensee's federal, state, local and other tax liabilities associated with Broker's payments hereunder or for other payments to Licensee, (iii) Licensee and Broker will cooperate to allow Licensee within 30 days to resume Station programming, billing and related operations, and (iv) in the event that this Agreement or the Asset Purchase Agreement is terminated prior to the Closing under the Asset Purchase Agreement, Broker shall assign to Licensee and Licensee shall assume the Assigned Contracts (as defined in Section 10) that remain in effect (or that have been renewed, extended or replaced on substantially similar terms) on the date of such termination or expiration together (provided that Broker has procured the necessary consents to such reassignment) with all agreements between Broker and others for the sale of broadcast time on the Station for cash at reasonable market rates in effect on such date. With respect to any contract assigned to Licensee pursuant to this Section 18(b), all expenses and income arising under such contracts shall be prorated between Licensee and Broker as of the date on which such contracts are assigned to Licensee (the "Proration Date") in the manner such that the operation of the Station on and before the Proration Date shall be for the account of Broker and thereafter for the account of Licensee. (2) No expiration or termination hereof shall limit or impair any party's rights to receive payments due and owing hereunder on or before the effective date of such termination. (3) Notwithstanding any termination hereof, the parties shall continue to be bound by their respective obligations under the Asset Purchase Agreement.
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Events Upon Termination or Expiration. In the event of any termination or expiration of this Agreement for any reason: (i) Any and all use of Licensed Marks by Buyer, as well as of any marks, names or domain names confusingly similar thereto, shall immediately cease except that Buyer may complete all unfinished goods (work-in-progress) and sell all inventory for up to six (6) months after termination. Buyer may not acquire any additional parts or materials to complete unfinished goods after termination of this Agreement. Any and all use by Buyer of any Licensed Patents and any other rights licensed by Nautilus under this License to Buyer shall immediately cease upon sale of outstanding inventory. (ii) All payments from Buyer to Nautilus that have accrued as of the date of termination or expiration shall immediately become due and payable.
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Events Upon Termination or Expiration. Expiration or termination of this Agreement will not relieve the parties of any rights or obligations that occur prior to expiration or termination. Upon any expiration or termination, all Licenses granted hereunder will cease, and Customer must immediately pay all amounts accruing for services provided through the date of termination. Also upon expiration or termination, each parry must return to the other all Confidential Information of the other parry in its possession, and the Customer must immediately stop using and return to Quova any elements of the GeoPoint Service, the System and the Database in its possession. In the event that Quova or its successor stops providing the GeoPoint Service to customers generally, whether due to Quova’s liquidation and cessation of business or to a successor’s election to discontinue providing the GeoPoint service to customers generally, then, notwithstanding the foregoing sentence, Customer will be permitted to use in accordance with this Agreement all Information obtained by Customer through the GeoPoint Service prior to the date on which the GeoPoint Service is discontinued. This right will terminate on the date on which this Agreement would have terminated but for the discontinuance of the GeoPoint Service.
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Events Upon Termination or Expiration. In the event of expiration or earlier termination for any reason of the license granted to Licensee by Licensor under this Agreement, Licensee shall immediately discontinue use of the Book of Business and shall immediately return to Licensor the original and all copies of the Book of Business in the possession or under the control of Licensee. Licensee's obligations under the preceding sentence of this paragraph 10.4 and under paragraph 4.1 hereof, shall survive any expiration or termination of this Agreement.
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Events Upon Termination or Expiration. Upon expiration or in event of termination of this Agreement for any reason, Customer will immediately discontinue all access and use of Software. Customer shall not be entitled to a refund of any license fee or any prepaid service fee or credit for any sum owed by Licensor hereunder. All provisions of this Agreement relating to protection of Licensor’s intellectual property rights, and such other provisions as would be expected to survive, shall survive termination or expiration. Termination shall be in addition to, and shall not prejudice, any of the parties’ remedies at law or in equity consistent with the provisions of this Agreement.
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Events Upon Termination or Expiration. Upon termination or expiration of this Agreement: (a) Incyte will be entitled to payment, under the payment terms of Article 5.0 (Schedule of Payments), for all authorized services rendered to CUSTOMER under Article 2.0 (Installation; Systems Integration) that are performed in accordance with the specifications therefor prior to the effective date of termination; and (b) CUSTOMER will be entitled to a return of any payments made in excess of work actually performed by Incyte under Article 2.0 (Installation; Systems Integration) in accordance with the applicable statement of work, prior to the effective date of termination. (c) In the event of: i) termination of the Agreement by Incyte for breach by CUSTOMER, or ii) upon expiration, then it shall be CUSTOMER's obligation at CUSTOMER's expense, to discontinue use of LifeArray(TM) Product(s) and any Modifications thereof as provided for in Section 7.2 (Expiration of the Access Term).
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Related to Events Upon Termination or Expiration

  • Delivery upon Termination or Expiration No later than the first calendar day after the termination or expiration of the Contract or upon System Agency’s request, Grantee shall deliver to System Agency all completed, or partially completed, Work Product, including any Incorporated Pre-existing Works, and any and all versions thereof. Xxxxxxx’s failure to timely deliver such Work Product is a material breach of the Contract. Grantee will not retain any copies of the Work Product or any documentation or other products or results of Grantee’s activities under the Contract without the prior written consent of System Agency.

  • Data Transfer Upon Termination or Expiration Provider will notify the Division of impending cessation of its business and any contingency plans. Provider shall implement its exit plan and take all necessary actions to ensure a smooth transition of service with minimal disruption to the Division. As mutually agreed upon and as applicable, Provider will work closely with its successor to ensure asuccessful transition to the new equipment, with minimal downtime and effect on the Division, all such work to be coordinated and performed in advance of the formal, transition date.

  • Rights and Duties upon Termination or Expiration 8.4.1 This Section and the following Sections of this Agreement listed below, shall survive termination or expiration of this Agreement: 3.3.2 Payment Limited to Satisfactory Services 9.1 Ownership of Results 3.3.7(a) Grant Funded Contracts - Disallowance 9.2 Works for Hire

  • Property Rights upon Termination or Expiration of Contract In the event the Grant Agreement is terminated for any reason or expires, State Property remains the property of the System Agency and must be returned to the System Agency by the earlier of the end date of the Grant Agreement or upon System Agency’s request.

  • Effect of Termination or Expiration Upon any termination of this XXXX, or license granted pursuant to this XXXX, or upon expiration of a term license: (a) all Software Licenses will immediately terminate; (b) Licensee will immediately cease all use of the Software; and (c) Licensee must either deliver to OT or destroy all copies of Software, Documentation, and OT confidential information in Licensee’s possession or control. Within 15 days after termination, an authorized representative of Licensee must certify in writing that all copies have been delivered to OT or destroyed. Any terms in this XXXX which by their nature extend beyond termination or expiration of this XXXX will remain in effect until fulfilled.

  • Termination or Expiration (a) No termination of this Lease prior to the normal ending thereof, by lapse of time or otherwise, shall affect Landlord's right to collect rent for the period prior to termination thereof. (b) Except as provided in Section 18 above, at the expiration or earlier termination of the Term of this Lease, Tenant shall surrender the Demised Premises and all improvements, alterations and additions thereto, and keys therefor to Landlord, clean and neat, and in the same condition as at the Lease Commencement Date, excepting normal wear and tear, condemnation and casualty other than that required to be insured against by Tenant hereunder. (c) If Tenant remains in possession of the Demised Premises after expiration of the Term, with or without Landlord's acquiescence and without any express agreement of the parties, Tenant shall be a tenant-at-sufferance at 125% of the Base Rent in effect at the end of the Term for sixty (60) days, and thereafter at one hundred fifty percent (150%) of the Base Rent in effect at the end of the Term. Tenant shall also continue to pay all other Additional Rent due hereunder, and there shall be no renewal of this Lease by operation of law. In addition to the foregoing, Tenant shall be liable for all costs incurred by Landlord in enforcing the provisions of this Section 30. No receipt of money by Landlord from Tenant after the termination of this Lease or Tenant's right of possession of the Demised Premises shall reinstate, continue or extend the Term or Tenant's right of possession.

  • Effects of Expiration or Termination Upon expiration of the License Term or termination of this Agreement, Customer shall promptly pay all sums owed by Customer, return the original copies of all Licensed Products to PTC, destroy and/or delete all copies and backup copies thereof from Customer’s computer libraries, storage facilities and/or hosting facilities, and certify in writing by an officer that Customer is in compliance with the foregoing requirements and that the Licensed Products are no longer in Customer’s possession or in use.

  • Expiration or Termination A. Owner shall have the right, upon thirty (30) days prior written notice to Operator, to terminate this Agreement in its entirety, upon or after the happening of one or more of the following events, if said event or events shall then be continuing: (i) If Operator shall make a general assignment for the benefit of creditors; or (ii) If Operator shall file a voluntary petition in bankruptcy or a petition seeking their reorganization or the readjustment of their indebtedness under the Federal Bankruptcy laws or under similar State laws; or (iii) If an involuntary petition in bankruptcy shall be filed against Operator and Operator is thereafter adjudicated a bankruptcy thereunder; or (iv) If Operator shall consent to the appointment of a receiver, trustee, or liquidator of all or substantially all of the property of Operator; or (v) If Operator shall fail to pay the SASO Fee or other money payments required by this Agreement and such failure shall not be remedied within thirty (30) days following receipt by Operator of written demand from Owner; or (vii) If Operator shall default in fulfilling any of the terms, covenants or conditions to be fulfilled by them hereunder and shall fail to commence with due diligence the remedying of said default within thirty (30) days following receipt by Operator of written demand from Owner to do so. B. Operator shall have the right, after thirty (30) days written notice to Owner, to terminate or suspend this Agreement upon the happening of one or more of the following events, if said event or events shall then be continuing: (i) The issuance by any court of competent jurisdiction of an injunction, order or decree preventing or restraining the use of the Airport for normal airport purposes or the use of any part thereof which may be used by Operator and which is necessary for Operator's operations of the Airport, which remains in force for a period of at least ninety (90) consecutive days. (ii) If Owner shall default in fulfilling any of the terms, covenants or conditions to be fulfilled by it under this Agreement and shall fail to cure said default within thirty (30) days following receipt of written demand from Operator to do so; or (iii) If all or a mutual part of the Airport or Airport facilities shall be destroyed by fire, explosion, earthquake, other casualty, or acts of God or the public enemy; (iv) If the United States Government or any of its agencies shall occupy the Airport or any substantial part thereof to such an extent as to interfere materially with Operator’s operations, for a period of thirty

  • Consequences of termination or expiry 27.1 Notwithstanding the provisions of Clause 23, wherever the Authority chooses to put out to tender for a replacement service provider some or all of the Services, the Service Provider shall disclose to tenderers such information concerning the Services as the Authority may require for the purposes of such tender. The Service Provider may impose upon any recipient of such information such obligations of confidentiality as it may require. 27.2 The termination or expiry of the Contract shall not prejudice or affect any right, power or remedy which has accrued or shall accrue to either Party prior to or after such termination or expiry. 27.3 Upon expiry or termination of the Contract (howsoever caused): 27.3.1 the Service Provider shall, at no further cost to the Authority: 27.3.1.1 take all such steps as shall be necessary to agree with the Authority a plan for the orderly handover of Services to the Authority (or its nominee), such that the Services can be carried on with the minimum of interruption and inconvenience to the Authority and to effect such handover; and 27.3.1.2 on receipt of the Authority’s written instructions to do so (but not otherwise), arrange to remove all electronically held information by a mutually agreed date, including the purging of all disk-based information and the reformatting of all disks. 27.3.2 the Authority shall (subject to Clauses 17, 27.1 and 27.4 and the provisions of any security for due performance supplied by the Service Provider) pay the Service Provider any Charges remaining due in relation to any Services properly performed in accordance with the Contract up to the date of termination or expiry calculated so far as is possible in accordance with Schedule 4 or otherwise reasonably determined by the Authority. 27.4 On termination of the Contract under Clause 26.1 or a cessation of any Services under Clause 26.4 (but in the case of the latter only insofar as the right to cease any Services arises as a result of a right for the Authority to terminate under Clause 26.1), the Authority may enter into any agreement with any third party or parties as the Authority thinks fit to provide any or all of the Services and the Service Provider shall be liable for all additional expenditure reasonably incurred by the Authority in having such services carried out and all other costs and damages reasonably incurred by the Authority in consequence of such termination. The Authority may deduct such costs from the Charges or otherwise recover such costs from the Service Provider as a debt.

  • Liability Upon Termination Termination of this Agreement, or any part hereof, for any cause shall not release either Party from any liability which at the time of termination had already accrued to the other Party or which thereafter accrues in any respect to any act or omission occurring prior to the termination or from an obligation which is expressly stated in this Agreement to survive termination.

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