Common use of Right to Extend Licenses to Majority Owned Affiliates Clause in Contracts

Right to Extend Licenses to Majority Owned Affiliates. ExxonMobil shall have the right to extend the licenses and rights set forth in this Article 6 to any of its Majority Owned Affiliates (but such Majority Owned Affiliates shall have no right to grant any further extensions), provided that ExxonMobil shall not then be in default with respect to any of its obligations to Symyx under this Article 6. Any such extension shall be in writing and shall be accepted in writing by such Majority Owned Affiliate. A copy of such writing shall be provided to Symyx upon request. All of the restrictions set forth in this Agreement with respect to the Combinatorial Chemistry License shall apply to such Majority Owned Affiliate to the same extent as they apply to ExxonMobil and the operations of such Majority Owned Affiliate shall be deemed to be the operations of ExxonMobil. ExxonMobil shall account therefor and be primarily responsible for the performance by such Majority Owned Affiliate of all of its obligations hereunder. A license extended under this Section shall terminate for a given entity at the time such entity ceases to be a Majority Owned Affiliate if not expiring or terminated sooner under the terms of this Agreement.

Right to Extend Licenses to Majority Owned Affiliates. ExxonMobil shall have the right to extend the licenses and other rights set forth granted to ExxonMobil in this Article 6 5 to any of its Majority Owned Affiliates (but such Majority Owned Affiliates shall have no right to grant any further extensions), provided that ExxonMobil shall not then be in default with respect to any of its obligations to Symyx under this Article 65. Any such extension shall be in writing and shall be accepted in writing by such Majority Owned Affiliate. A copy of such writing shall be provided to Symyx upon request. All of the obligations and restrictions set forth imposed on ExxonMobil in this Agreement with respect to the Combinatorial Chemistry License Software and the Developer’s Kit Software shall apply to such Majority Owned Affiliate to the same extent as they apply to ExxonMobil and the operations of such Majority Owned Affiliate shall be deemed to be the operations of ExxonMobil. ExxonMobil shall account therefor and be primarily responsible for the performance by such Majority Owned Affiliate of all of its obligations hereunder. A license extended under this Section shall terminate for a given entity at the time such entity ceases to be a an Majority Owned Affiliate if not expiring or terminated sooner under the terms of this Agreement.

Right to Extend Licenses to Majority Owned Affiliates. ExxonMobil shall have the right to extend the licenses and other rights set forth granted to ExxonMobil in this Article 6 5 to any of its Majority Owned Affiliates (but such Majority Owned Affiliates shall have no right to grant any further extensions), provided that ExxonMobil shall not then be in default with respect to any of its obligations to Symyx under this Article 65. Any such extension shall be in writing and shall be accepted in writing by such Majority Owned Affiliate. A copy of such writing shall be provided to Symyx upon request. All of the obligations and restrictions set forth imposed on ExxonMobil in this Agreement with respect to the Combinatorial Chemistry License Software and the Developer's Kit Software shall apply to such Majority Owned Affiliate to the same extent as they apply to ExxonMobil and the operations of such Majority Owned Affiliate shall be deemed to be the operations of ExxonMobil. ExxonMobil shall account therefor and be primarily responsible for the performance by such Majority Owned Affiliate of all of its obligations hereunder. A license extended under this Section shall terminate for a given entity at the time such entity ceases to be a an Majority Owned Affiliate if not expiring or terminated sooner under the terms of this Agreement.