Common use of Licensor Covenants Clause in Contracts

Licensor Covenants. Licensor covenants to Company that: (i) Licensor shall fulfill all of its obligations, including but not limited to its payment obligations, under any Third Party License Agreement; and (ii) Licensor shall not amend or waive, or take any action or omit to taking any action that would alter, any of Licensor’s rights under any Third Party License Agreement in any manner that adversely affects, or would reasonably be expected to adversely affect, Company’s rights and benefits under this Agreement. Licensor shall promptly notify Company of any default under, termination or amendment of, Third Party License Agreement.