Common use of Options in Lieu of Termination Clause in Contracts

Options in Lieu of Termination. As alternatives to terminating the GDPA or all licensed rights with respect to a particular Licensed Product as set forth in Sections 21.4, 21.5 or 21.60, or where SIE reasonably suspects a breach of the UK Bribery Act 2010 or the US Foreign Corrupt Practices Act, SIE may, at its option and upon written notice to Publisher, suspend this GDPA for all Territories or on a Territory-by-Territory basis, entirely or with respect to a particular Licensed Product, Online Activity, service or program, for a set period of time which shall be specified in writing to Publisher. Election of suspension shall not constitute a waiver of or compromise with respect to any of SIE’s rights under this GDPA and SIE may elect to terminate this GDPA with respect to any breach in accordance with this GDPA.

Appears in 2 contracts

Samples: Playstation Global Developer and Publisher Agreement, Publisher Agreement (Take Two Interactive Software Inc)

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Options in Lieu of Termination. As alternatives to terminating the GDPA or all licensed rights with respect to a particular Licensed Product as set forth in Sections 21.4, 21.5 or 21.6021.6, or where SIE reasonably suspects a breach of the UK Bribery Act 2010 Xxxxxxx Xxx 0000 or the US Foreign Corrupt Practices Act, SIE may, at its option and upon written notice to Publisher, suspend this GDPA for all Territories or on a Territory-by-Territory basis, entirely or with respect to a particular Licensed Product, Online Activity, service or program, for a set period of time which shall be specified in writing to Publisher. Election of suspension shall not constitute a waiver of or compromise with respect to any of SIE’s rights under this GDPA and SIE may elect to terminate this GDPA with respect to any material breach in accordance with this GDPAthe terms of Sections 21.5.

Appears in 1 contract

Samples: Developer & Publisher Agreement (Electronic Arts Inc.)

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Options in Lieu of Termination. As alternatives to terminating the GDPA or all licensed rights with respect to a particular Licensed Product as set forth in Sections 21.4, 21.5 or 21.6021.6, or where SIE SCE reasonably suspects a breach of the UK Bribery Act 2010 Bxxxxxx Xxx 0000 or the US Foreign Corrupt Practices Act, SIE SCE may, at its option and upon written notice to Publisher, suspend this GDPA for all Territories or on a Territory-by-Territory basis, entirely or with respect to a particular Licensed Product, Online Activity, service or program, for a set period of time which shall be specified in writing to Publisher. Election of suspension shall not constitute a waiver of or compromise with respect to any of SIESCE’s rights under this GDPA and SIE SCE may elect to terminate this GDPA with respect to any breach in accordance with this GDPAbreach.

Appears in 1 contract

Samples: Playstation Global Developer and Publisher Agreement (Motorsport Gaming Us LLC)

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