Revocability of Licenses. Notwithstanding the revocability of the licenses granted pursuant to clauses (a) and (b) of this paragraph 7, Licensor agree not to use the revocable nature of the licenses to frustrate the purposes of this Agreement. Furthermore, Licensor agrees that it will not revoke the license hereunder with respect to any Licensed Content unless any one of the following is true: (i) Licensor or Group believes, in good faith, that the Licensed Content or the use of the Licensed Content is causing, or may reasonably be expected to cause, an artist relationship or label relationship issue, (ii) the Licensor's rights in or to the Licensed Content expire, (iii) the Licensor or any of its Affiliates become aware of any Action or threatened Action regarding the Licensed Content or the use of the Licensed Content, or (iv) Licensor or Group believes, in good faith, that the use of the Licensed Content has, or will have, an adverse effect on Licensor or any its Affiliates or any of their respective artists.
Revocability of Licenses. Except for the Conditional Manufacturing License described in Section 12.7 below, the licenses set forth herein, to the extent such licenses cover Product purchased by XYZ prior to the expiration or termination of this Agreement, shall continue for a period of five (5) years after the expiration or termination of the Agreement. The licenses set forth herein shall otherwise terminate concurrently with the expiration or termination of this Agreement or shall terminate immediately in the event the licensee files a voluntary petition in bankruptcy, or under any similar insolvency law makes an assignment for the benefit of licensee's creditors, or if any involuntary petition in bankruptcy or under any similar insolvency law is filed against licensee or a receiver is appointed for, or a levy or attachment is made against, substantially all of such licensee's assets.
