Refund on Termination. (a) The Upfront Royalty is compensation for Licensee's agreement to enter into this Agreement and is not compensation to Licensee for any other commitment of Licensee. In the event that a refund to Clearwire of the whole or any portion of the Upfront Royalty is required, it shall be repaid to Clearwire without interest. Except to the extent expressly required by this Section 2(b), in no event shall Licensee be required to return or refund any portion or the whole of the Upfront Royalty notwithstanding any termination of this Agreement and this Section 2(b) shall survive the termination of this Agreement.
Appears in 3 contracts
Samples: Master Royalty and Use Agreement, In Stockholders Agreement (Clearwire Corp), In Stockholders Agreement (Clearwire Corp)
Refund on Termination. (a) A. The Upfront Royalty is compensation for Licensee's agreement to enter into this Agreement and is not compensation to Licensee for any other commitment of Licensee. In the event that a refund to Clearwire of the whole or any portion of the Upfront Royalty is required, it shall be repaid to Clearwire without interest. Except to the extent expressly required by this Section 2(b2(a), in no event shall Licensee be required to return or refund any portion or the whole of the Upfront Royalty notwithstanding any termination of this Agreement and this Section 2(b2(a) shall survive the termination of this Agreement.
Appears in 2 contracts
Samples: In Stockholders Agreement (Clearwire Corp), In Stockholders Agreement (Clearwire Corp)
Refund on Termination. (a) a. The Upfront Royalty is compensation for Licensee's agreement to enter into this Agreement and is not compensation to Licensee for any other commitment of Licensee. In the event that a refund to Clearwire of the whole or any portion of the Upfront Royalty is required, it shall be repaid to Clearwire without interest. Except to the extent expressly required by this Section 2(b), in no event shall Licensee be required to return or refund any portion or the whole of the Upfront Royalty notwithstanding any termination of this Agreement and this Section 2(b) shall survive the termination of this Agreement.. RIDER B:
Appears in 1 contract
