Extension of License. The term of this License shall be automatically extended for the period of the Force Majeure.
Extension of License. 4.1 The LICENSOR may extend, if deemed expedient, the period of LICENCE on terms mutually agreed by 10 years at one time, upon request of the LICENSEE, if made during 19th year of the LICENCE period. The decision of the LICENSOR shall be final in regard to the grant of extension.
Extension of License. The License Tenure of this license agreement shall be Six (06) years with a lock-in period of two (2) years from date of handing over of offered space. Tenure of the license agreement shall not be extended. There is no provision for further extension of the contract/ tenure of license agreement.
Extension of License. During the 17th year of the license term, licensee may apply for a commitment to extend the license. Upon payment of the then standard renewal fees, licensor will process the application in good faith and in accordance with procedures and criteria (and requirements regarding upgrading of facilities, credit, market feasibility, etc.) then being applied by licensor in issuing new licenses to use the system. If the application is approved, the parties will enter into a commitment agreement to extend the license term, upon expiration, for a specified time (up to 10 years) if licensee fulfills specified upgrading and other requirements within a specified time. The commitment agreement will permit continued operation of the motor lodge during its term. The new license agreement will be on the standard form then being used to license new motor lodges under the system and it will replace this agreement. However, it will call for payments at the same rates as those required in this agreement, until the extension takes effect. The extension will be subject to fulfilling the conditions specified in the commitment agreement and will be governed by the new license agreement except that the payments required will be those in effect when licensee first applied for the extension under this section.
Extension of License. 3- مد الترخيص:
Extension of License. The Agreement being initially entered into for Products, which includes a device to detect MRSA/SA, is hereby extended to cover one or more sensory devices to detect cancer, and therefore, in all respects the current license, agreements and obligations of the parties under the Agreement will now extend to the devices to detect cancer that may be developed using or based on a Sgenia Patent, and in furtherance thereof the term Products as originally defined will now and henceforth be read to include the sensory devices to detect cancer. For an abundance of clarity, all the provisions that apply to Products, shall include, apply to and cover sensory devices to detect cancer, and the license and Agreement should be read and interpreted as broadly as possible to include the cancer detection devices. In addition to the foregoing, the parties agree to the following:
a. The foregoing extended license for the cancer sensory devices also provides to the Company the right to fund, and depends on the Company funding, the development expenses of the cancer sensory devices, on such terms to be negotiated mutually among the parties to the Agreement acting in good faith and taking into consideration the specific royalty provisions for the cancer detection devices indicated in this amendment and the terms relating to the Products encompassing the MRSA/SA device for its development budget, testing, regulatory approval and operational structures, which are intended to be similar in scope and nature;
b. The foregoing license terms for the cancer sensory devices to be negotiated will provide for a 40% royalty rate to the Sgenia parties instead of the royalty rate as provided for the MRSA/SA device encompassed by the Products, if the current Stage 1 MRSA/SA Product development is successful as currently contemplated by the Agreement;
c. The foregoing license terms for the cancer sensory devices to be negotiated will provide for reduced royalty at a 20% royalty rate to the Sgenia parties instead of the royalty rate as provided for the MRSA/SA device encompassed by the Products, if the current Stage 2 MRSA/SA Product development is not successful as currently contemplated by the Agreement.
Extension of License. Grantor grants to the Grantee and its contractors and representatives the right to access the Premises at reasonable times beginning on the Effective Date and continuing through August 31, 2026, for the limited purposes described in the License.
Extension of License. (s) to Affiliates
(a) The license(s) granted herein includes the right of ACER and IHTC to sublicense their respective Affiliates. For an Affiliate to be sublicensed hereunder, said Affiliate shall agree to be bound by the terms and conditions of this Agreement as if it were named herein in the place of the Party. Any sublicense granted to an Affiliate shall terminate on the date such Affiliate ceases to be an Affiliate or upon termination of the licenses granted in this Agreement, whichever occurs earlier.
Extension of License. 3.1 The validity of this License is for a period of 20 years unless terminated under Condition
Extension of License. The parties hereto agree that:
(a) The License is hereby extended for the “Extension Term”
(b) The “Extension Term” shall commence on November 29, 2011 and expire on November 30, 2021.
