Common use of Extension of Licensed Patents Clause in Contracts

Extension of Licensed Patents. LICENSEE may request that EMORY have the normal term of any Licensed Patent extended or restored under a country’s procedure of extending life for time lost in government regulatory approval processes, and the expense of same shall be borne in accordance with the terms of Article 4.5. LICENSEE shall assist EMORY to take whatever action is necessary to obtain such extension. In the case of such extension, royalties pursuant to Article 4 hereof shall be payable until the end of the extended life of the patent. In the event that LICENSEE does not elect to extend Licensed Patent(s), EMORY may, at its own expense, effect the extension of such Licensed Patent(s) and if in such case EMORY elects to pay such expenses, such extended Licensed Patents shall not be subject to any license granted to LICENSEE hereunder.

Extension of Licensed Patents. LICENSEE COMPANY may request that EMORY have the normal term of any Licensed Patent Patents extended or restored under a country’s 's procedure of extending life patent term for time lost in government regulatory approval processes, and the expense of the same shall be borne in accordance with the terms of Article 4.5Section 3.8. LICENSEE COMPANY shall assist EMORY to take whatever action is necessary to obtain such extension. In the case of such extension, royalties pursuant to Article 4 3 hereof shall be payable until the end of the extended life term of the patentLicensed Patent. In the event that LICENSEE COMPANY does not elect to extend Licensed Patent(s)Patents, EMORY may, at its own expense, effect affect the extension of such Licensed Patent(s) and if in such case Patents. If EMORY elects to pay such expenses, such extended Licensed Patents shall not be subject to any license granted to LICENSEE hereunderCOMPANY hereunder subsequent to the non-extended expiration date of such Licensed Patents.