Common use of Expiration of Royalty Term Clause in Contracts

Expiration of Royalty Term. Upon expiration of the Royalty Term in a particular country for any Licensed Product (but not in the event of any termination of this Agreement in its entirety or in part for any reason by either Lonza or by Akouos), the license granted to Akouos under this Agreement with respect to such Licensed Product and only for such Licensed Product will become irrevocable, perpetual, and fully-paid in that country and shall remain exclusive in that country. Akouos shall have no further obligations under Article 5 with respect to such Licensed Product in that country.

Expiration of Royalty Term. Upon expiration of the Royalty Term in a particular country for any Licensed Product (but not in the event of any termination of this Agreement in its entirety or in part for any reason by either Lonza MEE or by Akouos), the license granted to Akouos under this Agreement with respect to such Licensed Product and only for such Licensed Product will become irrevocable, perpetual, and fully-paid in that country and shall remain exclusive in that country. Akouos shall have no further obligations under Article 5 with respect to such Licensed Product in that country.