Other Conditions of Termination. The Agreement will terminate:
(a) Immediately without the necessity of any action being taken by Licensor or Licensee, (i) if Licensee becomes bankrupt or insolvent, or (ii) Licensee’s Board of Directors elects to liquidate its assets or dissolve its business, or (iii) Licensee ceases its business operations, or (iv) Licensee makes an assignment for the benefit of creditors or (v) if the business or assets of Licensee are otherwise placed in the hands of a receiver, assignee or trustee, whether by voluntary act of Licensee or otherwise; or
(b) At any time by mutual written agreement between Licensee and Licensor.
Other Conditions of Termination. The Agreement will terminate:
(a) Immediately without the necessity of any action being taken by Licensor or Licensee, (i) if Licensee becomes bankrupt or insolvent, or (ii) Licensee’s Board of Directors elects to liquidate its assets or dissolve its business, or (iii) Licensee ceases its business operations, or (iv) Licensee makes an assignment for the benefit of creditors provided that a solvent reorganization or public listing of the Licensee on a recognized public market shall not be subject to the foregoing right.
(b) At any time by mutual written agreement between Licensee and Licensor.
Other Conditions of Termination. The Agreement will terminate:
(a) Immediately without the necessity of any action being taken by Licensor or Licensee, (i) if Licensee files for bankruptcy under Chapter 7 or Chapter 11 of the U.S. Bankruptcy Act or becomes insolvent, or (ii) Licensee’s Board of Directors elects to liquidate its assets or dissolve its business, or (iii) Licensee makes an assignment for the benefit of creditors or (iv) if the business or assets of Licensee are otherwise placed in the hands of a receiver, assignee for the protection of creditors or trustee, whether by voluntary act of Licensee or otherwise; or
(b) At any time by mutual written agreement between Licensee and Licensor.
Other Conditions of Termination. This Agreement will terminate:
(a) Immediately without the necessity of any action being taken by MD Xxxxxxxx or Licensee: (i) if Licensee becomes bankrupt or insolvent; (ii) Licensee’s board of directors elects to liquidate its assets or dissolve its business; (iii) Licensee ceases its business operations; (iv) Licensee makes an assignment for the benefit of creditors; or (v) if the business or assets of Licensee are otherwise placed in the hands of a receiver, assignee or trustee, whether by voluntary act of Licensee or otherwise; or
(b) At any time by mutual written agreement between Licensee and MD Xxxxxxxx; or
(c) Immediately, upon written notice from MD Xxxxxxxx to Licensee, if the Upfront License Fee specified in Paragraph 3.1(b)(i) is not timely paid.
Other Conditions of Termination. This Agreement shall terminate:
(a) Immediately unless prohibited by applicable law, without the necessity of any action being taken by XXXX or Licensee if: (i) Licensee files a bankruptcy action or becomes bankrupt or insolvent; (ii) Licensee’s Board of Directors elects to liquidate its assets or dissolve its business; (iii) Licensee ceases its business operations; (iv) Licensee makes an assignment for the benefit of creditors; or (v) if the business or assets of Licensee are otherwise placed in the hands of a receiver, assignee or trustee, whether by voluntary act of Licensee or otherwise; or
(b) At any time by mutual written agreement between Licensee and XXXX.
Other Conditions of Termination. This Agreement will earlier terminate:
a. Immediately without the necessity of any action being taken by Board or Licensee, if Licensee becomes bankrupt or Insolvent and/or if the business of Licensee is placed in the hands of a receiver, assignee, or trustee, whether by voluntary act of Licensee or otherwise; or
b. at any time by mutual written agreement between Licensee and Board and subject to any terms herein which survive termination.
Other Conditions of Termination. The Agreement will terminate:
(a) [***]
(b) [***]
Other Conditions of Termination. This Agreement will terminate immediately without the necessity of any action being taken by Licensor or Licensee: (i) if Licensee becomes bankrupt or insolvent; (ii) Licensee ceases its business operations; (iii) Licensee makes an assignment for the benefit of creditors; (v) if the business or assets of Licensee are otherwise placed in the hands of a receiver, assignee or trustee, whether by voluntary act of Licensee or otherwise, or (vi) the Parties are unable to agree to the terms and conditions of Exhibit D and to attach and execute and final version of the same to this Agreement.
Other Conditions of Termination. The Agreement will terminate earlier: Immediately without the necessity of any action being taken by Licensor or Licensee, if Licensee becomes bankrupt or insolvent, or Licensee’s Board of Directors elects to liquidate its assets or dissolve its business, or Licensee ceases its business operations, or Licensee makes an assignment for the benefit of creditors or if the business or assets of Licensee are otherwise placed in the hands of a receiver, assignee or trustee, whether by voluntary act of Licensee or otherwise; or at any time by mutual written agreement between Licensee and Licensor. If the Agreement is terminated for any reason: except in the case of termination under Section 7.1 (Termination at End of Term), Licensee will immediately cease use of the Licensed Patent Rights and performance of Licensed Services; provided however, after the effective date of termination, Licensee may sell all Licensed Products and parts thereof that it has on hand at the effective date of termination; provided, however, that Licensee’s royalty obligations will continue until all Licensed Products have been sold; and All rights and licenses of Sublicensees under the Agreement existing at the time of termination shall terminate unless Licensor enters into a written agreement to continue such rights and licenses; and Each party will comply with the provisions of Section 8.4 (Copies); and nothing in the Agreement will be construed to release either party from any obligation that matured prior to the effective date of termination; and The provisions of Sections 6.6 (Licensee Patent Challenge), 8 (Confidentiality), 9 (Infringement and Litigation), 11 (Representations and Disclaimers), 12 (Limit of Liability), 13 (Indemnification), 14 (Insurance), 17 (Use of Name), 18 (Notices), and 19 (General Provisions) will survive any termination or expiration of the Agreement. In addition, the provisions of Sections 3 (Compensation), 4.1 (Quarterly Payment and Milestone Reports), 5 (Payment, Records and Audits), and 6.1 (Patent Expenses) shall survive with respect to all activities and payment obligations accruing prior to the termination or expiration of the Agreement.
Other Conditions of Termination. The Agreement will terminate:
(a) Immediately without the necessity of any action being taken by SYSTEM or LICENSEE, if, (i) LICENSEE becomes bankrupt or insolvent; (ii) LICENSEE’s governing board elects to liquidate its assets or dissolve its business; (iii) LICENSEE ceases its business operations; (iv) LICENSEE makes an assignment for the benefit of creditors; or (v) the business or assets of LICENSEE are otherwise placed in the hands of a receiver, assignee or trustee, whether by voluntary act of LICENSEE or otherwise; or
(b) At any time by mutual written agreement between SYSTEM and LICENSEE.
