Renewal of License. 4.1 The Licensor may renew, if deemed expedient, the period of License by 10 years at one time, upon request of the Licensee, if made during the 19th year of the license period, on the terms specified by the Licensor, subject to extant policy. The decision of the Licensor shall be final and binding in this regard. 4.2 On renewal, the Licensee may be required to pay a renewal fee as may be notified by the Licensor.
Appears in 11 contracts
Samples: License Agreement, License Agreement, License Agreement
Renewal of License. 4.1 The Licensor may renew, if deemed expedient, the period of License by 10 years at one time, upon request of the Licensee, if made during the 19th 09th year of the license period, on the terms specified by the Licensor, subject to extant policy. The decision of the Licensor shall be final and binding in this regard.
4.2 On renewal, the Licensee may be required to pay a renewal fee as may be notified by the Licensor.
Appears in 4 contracts
Samples: License Agreement for Unified License (Vno), License Agreement, License Agreement for Unified License (Vno)
