Common use of Return or Destruction of Material Clause in Contracts

Return or Destruction of Material. Upon termination of this Agreement, each of Applera and Celera will, and will cause their respective Subsidiaries to, return or destroy any and all material and property of a proprietary nature involving the other Party and its Subsidiaries, in its possession or control, within thirty (30) days after the termination of this Agreement. Notwithstanding anything to the contrary contained in this Agreement, upon the termination or expiration of this Agreement, Celera shall no longer be entitled to, and shall cease all access to Applera’s information, data, systems and other assets that are not Celera Group Assets and Applera shall no longer be entitled to, and shall cease all access to Celera’s information, data, systems and other assets that are not Applied Biosystems Group Assets.

Appears in 4 contracts

Samples: Operating Agreement (Applied Biosystems Inc.), Operating Agreement (Celera CORP), Operating Agreement (Celera CORP)

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