Reversion of Rights; Return of Materials Sample Clauses

Reversion of Rights; Return of Materials. In the event that (i) Sankyo determines not to develop any Active ArQule Compound or Active Homolog related to such Active ArQule Compound within a Licensed Compound Set or to discontinue Preclinical Development of all Active ArQule Compounds and Active Homologs related to such Active ArQule Compound within a Licensed Compound Set; or (ii) no Active ArQule Compound or Active Homolog related to such Active ArQule Compound within a Licensed Compound Set is commercially developed within the timetable specified in the Research Plan, then ArQule shall have the right to terminate the license granted to Sankyo under Section 5.2 with respect to all Active ArQule Compounds and Active Homologs related to such Active ArQule Compounds within such Licensed Compound Set. In such event, ArQule shall thereafter be free to grant licenses covering such Active ArQule Compounds and Active Homologs related to such Active ArQule Compounds to third parties. Upon termination of such license by ArQule, Sankyo shall (i) grant to ArQule an exclusive, royalty-free license, with the right to grant sublicenses, to manufacture, use or sell such Active ArQule Compounds and Active Homologs related to such Active ArQule Compounds under any patent rights of Sankyo covering the composition or use of such Active ArQule Compounds and Active Homologs related to such Active ArQule Compounds and (ii) EXHIBIT 10.16 return to ArQule all Proprietary Materials and Confidential Information supplied by ArQule which relate to such Active ArQule Compounds and Active Homologs related to such Active ArQule Compounds. Notwithstanding the foregoing, the provisions of this Section 5.4 shall not apply to Sankyo Compounds or Sankyo Derivative Compounds.
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Reversion of Rights; Return of Materials. On the expiration or ---------------------------------------- termination of this Agreement, all of the rights of SJ JAPAN under this Agreement shall terminate forthwith and shall revert immediately to ST. XXXX and SJ JAPAN shall discontinue forthwith all use of the Licensed Trademarks, no longer shall have the right to use the Licensed Trademarks or any variation or simulation thereof and promptly shall transfer to ST. XXXX, free of charge, all registrations, filings and rights with regard to the Licensed Trademarks which it may have possessed at any time. In addition, SJ JAPAN thereupon shall deliver to ST. XXXX, free of charge, all sketches and other material in its possession which were designed or approved by ST. XXXX or any other materials or copies of materials obtained by SJ JAPAN from ST. XXXX and all labels, tags and other material in its possession with any Licensed Trademark thereon. After the expiration or termination of this Agreement, SJ JAPAN shall not use or permit others to use any of said sketches and other material, or any variations or simulations thereof, in connection with Products or any other merchandise.
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Reversion of Rights; Return of Materials. With respect to an Active ArQule Compound and Active Homologs thereof composing a Licensed Compound Set identified by Wyeth-Ayerst from a Mapping Array(TM) Program, in the event that ***** In such event, ArQule shall thereafter be free to offer such Active ArQule Compounds and Active Homologs thereto belonging to such Licensed Compound Set to third parties pursuant to a Mapping Array Program, including the right to grant licenses covering such reverted Active ArQule Compounds and Active Homologs to third parties for development and commercialization resulting from independent discoveries arising from such Mapping Array(TM)
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Reversion of Rights; Return of Materials. In the event that *. In such event, ArQule shall thereafter be free to grant licenses covering such Active ArQule Compounds and Active Homologs related to such Active ArQule Compounds to third parties. Upon termination of such license by ArQule, Sankyo shall (i) grant to ArQule an exclusive, royalty-free license, with the right to grant sublicenses, to manufacture, use or sell such Active ArQule Compounds and Active Homologs related to such Active ArQule Compounds under any patent rights of Sankyo covering the composition or use of such Active ArQule Compounds and Active Homologs related to such Active ArQule Compounds and (ii) return to ArQule all Proprietary Materials and Confidential Information supplied by ArQule which relate to such Active ArQule Compounds and Active Homologs related to such Active ArQule Compounds. Notwithstanding the foregoing, the provisions of this Section 5.4 shall not apply to Sankyo Compounds or Sankyo Derivative Compounds.
Sample 1

Related to Reversion of Rights; Return of Materials

  • Return of Materials Upon termination or expiration of this Agreement, or upon written request of the Owner, the Recipient shall promptly return to the Owner all physical and digital materials representing the Owner's Confidential Information and all copies thereof. The Owner shall notify the Recipient immediately upon discovery of any loss or unauthorized disclosure of the Confidential Information.

  • Return of Material Upon the termination of the Executive's employment under this Agreement, the Executive will promptly return to the Company all copies of information protected by Paragraph 11(a) hereof which are in his possession, custody or control, whether prepared by him or others, and the Executive agrees that he shall not retain any of same.

  • Reversion of Rights Notwithstanding anything to the contrary set forth herein (including, but not limited to, Section 5 hereof), full responsibility for Prosecution of the Patent Rights shall, at the option of CSMC (exercisable in its sole and absolute discretion), and at its sole expense from the date of reversion, revert to CSMC upon any termination of this Agreement.

  • License of Data; Warranty; Termination of Rights A. The valuation information and evaluations being provided to the Trust by USBFS pursuant hereto (collectively, the “Data”) are being licensed, not sold, to the Trust. The Trust has a limited license to use the Data only for purposes necessary to valuing the Trust’s assets and reporting to regulatory bodies (the “License”). The Trust does not have any license nor right to use the Data for purposes beyond the intentions of this Agreement including, but not limited to, resale to other users or use to create any type of historical database. The License is non-transferable and not sub-licensable. The Trust’s right to use the Data cannot be passed to or shared with any other entity. The Trust acknowledges the proprietary rights that USBFS and its suppliers have in the Data. B. THE TRUST HEREBY ACCEPTS THE DATA AS IS, WHERE IS, WITH NO WARRANTIES, EXPRESS OR IMPLIED, AS TO MERCHANTABILITY OR FITNESS FOR ANY PURPOSE OR ANY OTHER MATTER. C. USBFS may stop supplying some or all Data to the Trust if USBFS’s suppliers terminate any agreement to provide Data to USBFS. Also, USBFS may stop supplying some or all Data to the Trust if USBFS reasonably believes that the Trust is using the Data in violation of the License, or breaching its duties of confidentiality provided for hereunder, or if any of USBFS’s suppliers demand that the Data be withheld from the Trust. USBFS will provide notice to the Trust of any termination of provision of Data as soon as reasonably possible.

  • Return of Materials at Termination In the event of any termination or cessation of his employment with Employer for any reason, Employee shall promptly deliver to Employer all documents, data and other information derived from or otherwise pertaining to Confidential Information. Employee shall not take or retain any documents or other information, or any reproduction or excerpt thereof, containing any Confidential Information.

  • Notification and Distribution of Materials The Company shall notify the Holders in writing of the effectiveness of the Resale Shelf Registration Statement as soon as practicable, and in any event within one (1) Business Day after the Resale Shelf Registration Statement becomes effective, and shall furnish to them, without charge, such number of copies of the Resale Shelf Registration Statement (including any amendments, supplements and exhibits), the Prospectus contained therein (including each preliminary prospectus and all related amendments and supplements) and any documents incorporated by reference in the Resale Shelf Registration Statement or such other documents as the Holders may reasonably request in order to facilitate the sale of the Registrable Securities in the manner described in the Resale Shelf Registration Statement.

  • Ownership and License in Deliverables Unless otherwise specified in a specific Purchase Order concerning procurement of a SaaS product:

  • Distribution of Materials You will keep an accurate record of the names and addresses of all persons to whom you give copies of the Registration Statement, the Prospectus, any Preliminary Prospectus (or any amendment or supplement thereto) or any Offering Circular or any Preliminary Offering Circular and, when furnished with any subsequent amendment to the Registration Statement, any subsequent Prospectus, any subsequent Offering Circular or any memorandum outlining changes in the Registration Statement or any Prospectus or Offering Circular, you will, upon request of the Manager, promptly forward copies thereof to such persons.

  • Return of Company Materials Upon the termination of this Agreement, or upon Company’s earlier request, Consultant will immediately deliver to the Company, and will not keep in Consultant’s possession, recreate, or deliver to anyone else, any and all Company property, including, but not limited to, Confidential Information, tangible embodiments of the Inventions, all devices and equipment belonging to the Company, all electronically-stored information and passwords to access such property, those records maintained pursuant to Section 3.D and any reproductions of any of the foregoing items that Consultant may have in Consultant’s possession or control.

  • Exclusion of Rights of Third Parties Nothing in these terms and conditions shall confer on any third party a right to enforce any provision herein and the provisions of the Contracts (Rights of Third Parties) Act (Chapter 53B) which might otherwise be interpreted to confer such rights shall not apply and are expressly excluded from applying herein and no consent of any third party is required for any variation (including any release or compromise of any liability) or termination of these terms and conditions.

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