Common use of Registrations and Registration Applications separately licensed Clause in Contracts

Registrations and Registration Applications separately licensed. ‌ Each Registration and Registration Application is separately licensed under this Agreement such that if a Registration ceases to be in force or a Registration Application is not granted (and the decision is not appealed): (a) the list of Registrations and Registration Applications in section 1 of Schedule 2 is amended to remove that Registration or Registration Application; (b) this Agreement continues as a licence in respect of the remaining Registrations, Registration Applications and other Licensed IPR (and if no Registrations or Registration Applications remain, as a licence of the other Licensed IPR only); and (c) the Fees are adjusted (if applicable) in accordance with any adjustment set out in Schedule 3, and if no adjustment is set out in Schedule 3 by agreement of the parties acting reasonably.

Registrations and Registration Applications separately licensed. ‌ Each Registration and Registration Application is separately licensed under this Agreement such that if a Registration ceases to be in force or a Registration Application is not granted (and the decision is not appealed): (a) the list of Registrations and Registration Applications in section 1 of Schedule 2 is amended to remove that Registration or Registration Application; (b) this Agreement continues as a licence in respect of the remaining Registrations, Registration Applications and other Licensed IPR (and if no Registrations or Registration Applications remain, as a licence of the other Licensed IPR only); and (c) the Fees are adjusted (if applicable) in accordance with any adjustment set out in Schedule 3, and if no adjustment is set out in Schedule 3 by agreement of the parties acting reasonably.