Common use of License to Allergan Clause in Contracts

License to Allergan. In addition, in the event that Allergan provides ASTI with a Reversion Notice (as such term is defined in Section 2.4 of the Research and Development Agreement) with respect to a Pre-Selection Product, ASTI hereby grants to Allergan, effective upon the date of such Reversion Notice, a worldwide, exclusive (even as to ASTI), perpetual license, with the right to sublicense, to conduct research and development with respect to such Pre-Selection Product and to make, have made, use, sell, have sold, import and export such Pre-Selection Product, subject to Allergan's obligation to pay Pre-Selection Product Payments and Developed Technology Royalties (as such terms are defined in the Research and Development Agreement).

License to Allergan. In addition, in the event that Allergan provides ASTI with a Reversion Notice (as such term is defined in Section 2.4 of the Research and Development Agreement) with respect to a Pre-Selection Product, ASTI hereby grants to Allergan, effective upon the date of such Reversion Notice, a worldwide, exclusive (even as to ASTI), perpetual license, with the right to sublicense, to conduct research and development with respect to such Pre-Selection Product and to make, have made, use, sell, have sold, import and export such Pre-Selection Product, subject to Allergan's obligation to pay Pre-Selection Product Payments and Developed Technology Royalties (as such terms are as defined in the Research and Development Agreement).