License Following Termination. Following any termination of this Agreement other than as a result of breach by either party, Licensee, at its option, will be entitled to a perpetual license limited to: (i) all Licensed Products then on hand (whether in the possession of Licensee or its sublicensees, assignees, agents or distributors); (ii) all Licensed Products that Licensee (or such sublicensees, assignees, agents or distributors) can manufacture with materials then on hand that were specifically purchased for the purpose of manufacturing Licensed Products; and (iii) Licensed Products needed to fill bona fide orders placed prior to the date of cancellation or termination.
Appears in 2 contracts
Samples: www.sec.gov, Technology License Agreement (Barnabus Energy, Inc.)
License Following Termination. Following any termination of this Agreement other than as a result of breach by either party, Licensee, at its option, will be entitled to a perpetual license limited to: (i) all Licensed Products then on hand (whether in the possession of Licensee or its sublicensees, assignees, agents or distributors); , (ii) all Licensed Products that Licensee (or such sublicensees, assignees, agents or distributors) can manufacture with materials then on hand that were specifically purchased for the purpose of manufacturing Licensed Products; , and (iii) Licensed Products needed to fill bona fide orders placed prior to the date of cancellation or termination.
Appears in 2 contracts
Samples: Technology License Agreement (Sun Power Corp), Technology License Agreement (Sun Power Corp)
License Following Termination. Following any termination of this Agreement other than as a result of breach by either party, Licensee, at its option, will be entitled to a perpetual license limited to: (i) all Licensed Products then on hand (whether in the possession of Licensee or its sublicensees, assignees, agents or distributors); , (ii) all Licensed Products that Licensee (or such sublicensees, assignees, agents or distributors) can manufacture with materials then on hand that were specifically purchased for the purpose of manufacturing Licensed Products; , and (iii) Licensed Products needed need to fill bona fide orders placed prior to the date of cancellation or termination.
Appears in 2 contracts
Samples: Technology License Agreement (Sun Power Corp), Technology License Agreement (Sun Power Corp)