Common use of Obligations Upon Termination or Expiration Clause in Contracts

Obligations Upon Termination or Expiration. Upon any ------------------------------------------ termination of this Agreement: (i) LEXAR shall promptly pay SONY any unpaid amount payable under this Agreement; and (ii) within thirty (30) calendar days after the termination and at the request of the other party, LEXAR and SONY shall return or destroy all copies of the Confidential Information of the other party and shall have an officer certify in writing that the party has complied with this obligation, provided, however, that each party shall have the right to retain a reasonable number of copies of the Confidential Information for purposes of verifying its legal rights and obligations hereunder and for the support and maintenance of Licensed Memory Sticks with respect to which all applicable royalties have been paid.

Appears in 4 contracts

Samples: Technology License Agreement (Lexar Media Inc), Technology License Agreement (Lexar Media Inc), Technology License Agreement (Lexar Media Inc)

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