Common use of Licensor's Right to Terminate Clause in Contracts

Licensor's Right to Terminate. Additionally, Licensor shall have the unconditional right to cancel and terminate this Agreement at any time prior to the Closing Date if for any reason Licensor is unable to or does not acquire the Relevant Portion of the Property from HRF. Licensor may exercise its right to terminate this Agreement by delivering a Pre-Closing Termination Notice to Escrow and Licensee at any time prior to the Closing Date.

Appears in 2 contracts

Samples: License Agreement, Month License Agreement

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Licensor's Right to Terminate. Additionally, Licensor shall have the unconditional right to cancel and terminate this Agreement at any time prior to the Master Closing Date if for any reason Licensor is unable to or does not acquire the Relevant Portion of the Property from HRF. Licensor may exercise its right to terminate this Agreement by delivering a Pre-Closing Termination Notice to Escrow and Licensee at any time prior to the Master Closing Date.

Appears in 2 contracts

Samples: License Agreement, Month License Agreement

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Licensor's Right to Terminate. Additionally, Licensor shall have the unconditional right to cancel and terminate this Agreement at any time prior to the Master Closing Date if for any reason Licensor is unable to or does not acquire the Relevant Portion of the Property from HRFXxxx. Licensor may exercise its right to terminate this Agreement by delivering a Pre-Closing Termination Notice to Escrow and Licensee at any time prior to the Master Closing Date.

Appears in 2 contracts

Samples: Year License Agreement, Month License Agreement

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