Rights of Subsidiaries. (a) All rights and licenses granted in Article II are granted to SpinCo and Parent as a Licensee, respectively, and to any entity that is a Subsidiary of the Licensee, but only for so long as such entity is a Subsidiary of the Licensee, and, except as set forth in Section 3.1(b), will terminate with respect to such entity when it ceases to be a Subsidiary of the Licensee.
Appears in 2 contracts
Samples: Intellectual Property Matters Agreement (Embecta Corp.), Intellectual Property Matters Agreement (Embecta Corp.)
Rights of Subsidiaries. (a) All rights and licenses granted in Article II Section 2.1, Section 2.2, Section 2.3 and Section 2.4 are granted to SpinCo and Parent as a Licensee, respectively, and to any entity that is a Subsidiary of the Licensee, but only for so long as such entity is a Subsidiary of the Licensee, and, except as set forth in Section 3.1(b2.5(b), will terminate with respect to such entity when it ceases to be a Subsidiary of the Licensee.
Appears in 2 contracts
Samples: Intellectual Property Matters Agreement (Bausch & Lomb Corp), Intellectual Property Matters Agreement (Bausch Health Companies Inc.)
