IPR Termination Sample Clauses

IPR Termination. In the event that, by the latest termination date of the Company’s current IPR proceedings (the “IPR Termination Date”), there is not at least one lawsuit with assertable patent claims remaining, the Company shall promptly provide written notice to the Investors of such event (the “IPR Termination Notice”). Following the IPR Termination Date, the Company shall cease to make any withdrawals from the Segregated Account pending a decision by each Investor on whether it chooses to have its Allocation Percentage of the remaining funds in the Segregated Account returned to it (each, an “Early Termination Election”). To make its Early Termination Election, an Investor must deliver a notice as provided herein. If an Investor does not deliver a notice as provided herein, then the Early Termination Election is deemed to not be made by such Investor. Each Investor shall have fourteen (14) days following the delivery by the Company of the IPR Termination Notice to make its Early Termination Election by delivery of a notice by such Investor to the Company (the “Election Notice”). Upon the Company’s receipt of an Investor’s Election Notice, the Company shall promptly return any portion of the Expenses Cash Amount remaining in the Segregated Account to such Investor in accordance with its Allocation Percentage, but in any event within five (5) Business Days from the date of receipt of the Investor’s Election Notice. The Company shall have no further obligation to return any portions of the Investment Amount used to that date. If each Investor does not deliver an Election Notice within such fourteen (14) day period, or earlier notify the Company in writing that they do not intend to make the Early Termination Election, then any remaining portion of the Expenses Cash Amount shall remain in the Segregated Account and continue to be available to be used by the Company for Permitted Expenses as provided herein. If an Investor does not deliver the Election Notice to the Company within the fourteen (14) day period, the Investors acknowledge and hereby agree that such Investor shall have waived its rights to make an Early Termination Election. Upon payment to the electing Investors in accordance with their respective Allocation Percentages of the remaining funds in the Segregated Account following a valid Early Termination Election, then (i) Section 5 (including Sections 5.1, 5.2, 5.3, 5.4, 5.5 and 5.6) hereof shall terminate and be of no further force and effect and (ii) the pr...
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Related to IPR Termination

  • Earlier Termination Your employment hereunder shall terminate prior to the Initial Term (or any renewal term, in the event of renewal) on the following terms and conditions:

  • Other Termination If the Optionee’s employment terminates for any reason other than the Optionee’s death, the Optionee’s disability or Cause, and unless otherwise determined by the Administrator, any portion of this Stock Option outstanding on such date may be exercised, to the extent exercisable on the date of termination, for a period of three months from the date of termination or until the Expiration Date, if earlier. Any portion of this Stock Option that is not exercisable on the date of termination shall terminate immediately and be of no further force or effect. The Administrator’s determination of the reason for termination of the Optionee’s employment shall be conclusive and binding on the Optionee and his or her representatives or legatees.

  • Waiver; Termination No failure on the part of the Parent to exercise any power, right, privilege or remedy under this Agreement, and no delay on the part of the Parent in exercising any power, right, privilege or remedy under this Agreement, shall operate as a waiver of such power, right, privilege or remedy; and no single or partial exercise of any such power, right, privilege or remedy shall preclude any other or further exercise thereof or of any other power, right, privilege or remedy. The Parent shall not be deemed to have waived any claim arising out of this Agreement, or any power, right, privilege or remedy under this Agreement, unless the waiver of such claim, power, right, privilege or remedy is expressly set forth in a written instrument duly executed and delivered on behalf of the Parent; and any such waiver shall not be applicable or have any effect except in the specific instance in which it is given. If the Merger Agreement is terminated, this Agreement shall thereupon terminate.

  • CONTRACT TERMINATION This Contract will terminate:

  • Company Termination The Company may at any time in its sole discretion terminate (a “Company Termination”) this Agreement and its right to initiate future Tranches by providing 30 days advanced written notice (“Termination Notice”) to Investor.

  • Agreement Termination This Agreement will be in effect for an indefinite period and may be terminated as to new reinsurance at any time by either party giving ninety (90) days written notice of termination. The day the notice is mailed to the other party's home office, or, if the mail is not used, the day it is delivered to the other party's home office or to an officer of the other party will be the first day of the ninety (90) day period. During the ninety (90) day period, this Agreement will continue to operate in accordance with its terms.

  • Term Termination 8.1 This Agreement shall be effective as of the date hereof and shall continue in force until terminated in accordance with the provisions herein.

  • Rights After Termination 15.1 All rights and obligations of the parties which accrue on or before the effective termination date shall be fully enforceable by either party after termination.

  • Cross-Termination Notwithstanding any other provision of this Agreement, (1) BNY Mellon may terminate this Agreement by written notice to Voya if the accounting agreement between the Voya Funds and The Bank of New York Mellon is terminated by either the Voya Funds or The Bank of New York Mellon, effective on the date of termination of such accounting agreement, and (2) Voya may terminate this Agreement if the Voya Funds terminate their accounting agreement with The Bank of New York Mellon for cause, effective on the date of termination of such accounting agreement.

  • Death after Termination In the event of the death of Executive during the period Executive is receiving payments pursuant to this Agreement, Executive’s designated beneficiary shall be entitled to receive the balance of the payments; or in the event of no designated beneficiary, the remaining payments shall be made to Executive’s estate.

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