Common use of Option of Licensee Clause in Contracts

Option of Licensee. Licensee may terminate the license granted by this agreement, provided Licensee shall not be in default hereunder, by giving Licensor Ninety (90) days notice of its intention to do so. If such notice shall be given, then upon the expiration of such Ninety (90) days the termination shall become effective; but such termination shall not operate to relieve Licensee from its obligation to pay royalties or to satisfy any other obligations accrued hereunder prior to the date of such termination.

Option of Licensee. Licensee may terminate the license granted by this agreement, provided Licensee shall not be in default hereunder, by giving Licensor Ninety ninety (90) days notice of to its intention to do so. If such notice shall be given, then upon the expiration of such Ninety ninety (90) days the termination shall become effective; but such termination shall not operate to relieve Licensee from its obligation to pay royalties or to satisfy any other obligations obligations, accrued hereunder prior to the date of such termination. In the event of termination, Lessor and Lessee agree to co-operate to find another to take over the Licensed Patent Rights.

Option of Licensee. Licensee may terminate the license granted by this agreementAgreement, provided Licensee shall not be in default hereunder, by giving Licensor Ninety one hundred eighty (90180) days day notice of to its intention to do so. If such notice shall be given, then upon the expiration of such Ninety one hundred eighty (90180) days the termination shall become effective; but such termination shall not operate to relieve Licensee from its obligation to pay royalties or to satisfy any other obligations obligations, accrued hereunder prior to the date of such termination.

Option of Licensee. Licensee may terminate the license granted by this agreement, provided Licensee shall not be in default hereunder, by giving Licensor Ninety ninety (90) days notice of to its intention to do so. If such notice shall be given, then upon the expiration of such Ninety ninety (90) days the termination shall become effective; but such termination shall not operate to relieve Licensee from its obligation to pay royalties or to satisfy any other obligations obligations, accrued hereunder prior to the date of such termination.

Option of Licensee. Licensee may terminate the license granted by this agreementAgreement, provided Licensee shall not be in default hereunder, by giving Licensor Ninety one hundred eighty (90180) days day notice of to its intention to do so. If such notice shall be given, then upon the expiration of such Ninety one hundred eighty (90180) days the termination shall become effective; but such termination shall not operate to relieve Licensee from its obligation to pay royalties remit Payments and Allotments due or to satisfy any other obligations obligations, accrued hereunder prior to the date of such termination.