Exclusive Term. The “Exclusive Term” begins on the date hereof (the “Effective Date”) and ends on the 50th anniversary of the Effective Date, unless terminated or extended as provided herein. Licensor, at its option, may terminate the Exclusive Term by notice in writing to Licensee, delivered between the 60th and the 90th day following the end of any Agreement Year if, on or before the 60th day following the end of such Agreement Year, Licensee has not paid Licensor Royalties (as defined in Section 4.1, below) with respect to such Agreement Year at least equal to the minimum royalty described in Section 4 below (the “Minimum Royalty”) for such Agreement Year. Subject to the foregoing sentence, and provided Licensee has not breached this Agreement and failed to cure such breach in accordance herewith, Licensee may extend the Exclusive Term for an additional twenty five (25) years, by notice in writing to Licensor, delivered on or before the 50th anniversary of the Effective Date.
Exclusive Term. The Exclusive Term will commence on the Effective Date and continue through [*]. Notwithstanding the foregoing, and except as provided below, Anoto, by written notice to LFIRC, may convert LFIRC’s exclusive rights under Section 2 in the Exclusive Field to nonexclusive rights if LFIRC, directly or through its Group Companies, does not commercially introduce and market prior to [*], one or more LeapFrog Products that, individually or collectively, include all of the following features: (1) pre-loaded content or physically exchangeable content cartridges, and (2) supporting the capability to download content via physical attachment; and (3) wireless connection to a content source; unless the primary cause for such failure to launch such LeapFrog Products is a material delay or failure by Anoto to perform its a material obligation under this
Exclusive Term. 2.1. The “
Exclusive Term. The term of this Agreement (the "Exclusive Term") shall be the period beginning on the Effective Date and ending on the second anniversary of the Effective Date, provided, however that if certain mutually agreed cost and revenue goals are established and met, then the Exclusive Term shall be automatically extended until the fourth anniversary of the Effective Date. The parties shall meet and consult with one another in good faith and shall make good faith efforts to determine such cost and revenue goals on or before the first anniversary of the Effective Date.
Exclusive Term. Subject to the terms herein, Corium shall be the exclusive supplier of Patches to Adolor during the Term (as defined in Section 7.1).
Exclusive Term. Except otherwise agreed by the parties hereto, Party A warrants that it will not sell, offer to sell, or dispose, directly or indirectly, the Target Property to any third party by signing written letter of intent, memorandum, agreement or otherwise, before termination of this agreement or within a term otherwise agreed by the parties hereto.
Exclusive Term. Except as otherwise provided herein, the Exclusive Term, as used in this Agreement, begins on the date that both parties agree in writing that sales in commercial quantities of Products are first made (the "Commencement Date," which shall be mutually agreed and recording in writing as close to the date agreed upon as practicable) and ends on the later of: (a) the seventh (7th) anniversary of the Commencement Date or (b) the date on which SJE has received $50,000,000 in Profit Sharing Payments, provided that in no event shall the Exclusive Term extend beyond the tenth (10th) anniversary of the Commencement Date.
Exclusive Term. The Exclusive Term will commence on the Effective Date and continue through [*]. Notwithstanding the foregoing, and except as provided below, Anoto, by written notice to LFIRC, may convert LFIRC’s exclusive rights under Section 2 in the Exclusive Field to nonexclusive rights if LFIRC, directly or through its Group Companies, does not commercially introduce and market prior to [*], one or more LeapFrog Products that, individually or collectively, include all of the following features: (1) pre-loaded content or physically exchangeable content cartridges, and (2) supporting the capability to download content via physical attachment; and (3) wireless connection to a content source; unless the primary cause for such failure to launch such LeapFrog Products is a material delay or failure by Anoto to perform its a material obligation under this Agreement or a material failure of a material Anoto deliverable. Notwithstanding the foregoing:
(a) Anoto will not be entitled to exercise such rights if (i) LFIRC gives Anoto written notice in response to Anoto’s notice of proposed termination that it will launch the Licensed Product on or before [*]; and (ii) the Licensed Product is actually launched on or before [*]
(b) If (i) LeapFrog has commercially introduced one or more LeapFrog Products as per the dates defined in Section 4.1 above as required under clauses (1) and (2) above but has not by that time introduced a LeapFrog Product that includes a [*] as required by clause (3) above; and (ii) the Parties have not agreed on an extension of LFIRC’s license in accordance with Section 2.5; then LFIRC’s exclusive rights under Section 2 will remain in effect (notwithstanding the provisions in this Section to the contrary), but clause (iii) of the definition of Exclusive Field will, after [*], be deemed amended by deleting [*] therefrom and thereafter Anoto may license others to distribute for Learning Applications sound-enabled Stand-Alone (Self-Contained) Devices that [*]. [ * ] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended.
