Common use of Requirement of Membership Clause in Contracts

Requirement of Membership. The Licensor enters into the present Agreement under the condition that the Licensee is and remains one of its Operational Members. Loss of such condition by the Licensee will allow the Licensor to terminate the present Agreement, as established under clauses 8 and 9 of the present Agreement.

Appears in 5 contracts

Samples: Licence Agreement, Licence Agreement, Licence Agreement

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