Common use of Paid-Up License Clause in Contracts

Paid-Up License. Upon expiration of any extension hereof under option (a) above or expiration of any one-half royalty patent license under (b) above, Licensee shall have a fully paid-up and perpetual license on the terms set forth herein to use Technology to the same extent as Licensee has been licensed to use Technology immediately prior to such expiration. Said paid-up license shall be as follows: 1. In the event that Licensee elects option (a.) above, such license shall be for applicable Tessera Patent granted for twenty (20) years from the Effective Date; or 2. In the event that Licensee elects option (b) above, such license shall be for applicable Tessera Patent granted for fifteen (15) years from the effective xxxx,

Paid-Up License. Upon expiration of any extension hereof under option (a) above or expiration of any one-half royalty patent license under (b) above, Licensee shall have a fully paid-up and perpetual license on the terms set forth herein to use Technology to the same extent as Licensee has had been licensed to use Technology immediately prior to such expiration. Said paid-up license shall be as follows: 1. In the event that Licensee elects option (a.X.A.(1)(a) above, such license shall be for applicable Tessera Patent granted for twenty (20) years from the Effective Date; or 2. In the event that Licensee elects option (bX.A.(1)(b) above, such license shall be for applicable Tessera Patent granted for fifteen (15) years from the effective xxxx,

Paid-Up License. Upon expiration of any extension hereof under option (a) above or expiration of any one-half royalty patent license under (b) above, Licensee shall have a fully paid-up and perpetual license on the terms set forth herein to use Technology to the same extent as Licensee has been licensed to use Technology immediately prior to such expiration. Said paid-up license shall be as follows: 1. In the event that Licensee elects option (a.) above, such license shall be for applicable Tessera Patent granted for twenty (20) years from the Effective Date; or 2. In the event that Licensee elects option (b) above, such license shall be for applicable Tessera Patent granted for fifteen (15) years from the effective xxxxdate,