Rights on Expiration or Termination. A. If this Agreement expires or is terminated, Licensee shall cease to manufacture Articles (except for work in process or to balance component inventory) but shall be entitled, for an additional period of twelve (12) months only, on a non-exclusive basis, to sell and dispose of its inventory subject, however, to the provisions of paragraph D of this Article. Such sales shall be made subject to all of the provisions of this agreement and to an accounting for and the payment of Sales Royalty thereon but not to the payment of Guaranteed Minimum Royalties. Such accounting and payment shall be made monthly.
B. In the event of termination in accordance with Article 14 above, Licensee shall pay to Licensor, the Sales Royalty then owed to it pursuant to this Agreement or otherwise.
C. Notwithstanding any termination in accordance with Article 14 above, Licensor shall have and hereby reserve all rights and remedies which it has, or which are granted to it by operation of law, to enjoin the unlawful or unauthorized use of the Licensed Mxxx, and to collect royalties payable by Licensee pursuant to this Agreement and to be compensated for damages for breach of this Agreement.
D. Upon the expiration or termination of this Agreement, Licensee shall deliver to Licensor a complete and accurate schedule of Licensee's inventory of Articles and of related work in process then on hand (including any such items held by Subsidiaries, Affiliates or others on behalf of Licensee) (hereinafter referred to as "Inventory). Such schedule shall be prepared as of the close of business on the date of such expiration or termination and shall reflect Licensee's cost of each such item. Notwithstanding anything contained to the contrary in this Agreement, Licensor thereupon shall have the option, exercisable by notice in writing delivered to Licensee within thirty (30) days after its receipt of the complete Inventory schedule, to purchase any or all of the Inventory, free of all liens and other encumbrances, for an amount equal to Licensee's cost plus 20%. In the event such notice is sent by Licensor, Licensee shall deliver to Licensor or its designee all of the Inventory referred to therein within thirty (30) days after Licensor's said notice and, in respect of any Inventory so purchased, assign to Licensor all then outstanding orders from Licensee to its suppliers and to Licensee from its customers. Licensor shall pay Licensee for such Inventory within twenty (20) days after the delivery ...
Rights on Expiration or Termination. A. If this Agreement expires or is terminated for any reason, Licensee shall cease to use any part of the Business Concept, Intellectual Property or "Licensed Mark".
B. In the event of termination in accordance with Artxxxx 18 above, Licensee shall pay to Licensor, the Sales Royalty or any other fees then owed to Licensor pursuant to this Agreement or otherwise.
C. Notwithstanding any termination in accordance with Article 18 above, Licensor shall have and hereby reserve all rights and remedies which it has, or which are granted to it by operation of law, to enjoin the unlawful or unauthorized use of the Business Concept, Intellectual Property or Licensed Mark, and to collect any amounts due and payable by Licensxx xursuant to this Agreement and to be compensated for damages for breach of this Agreement.
D. All Sub-Licenses sold will be assigned to the "Licensor".
Rights on Expiration or Termination. A. If this Agreement expires or is terminated for any reason, Licensee shall cease to manufacture Licensed Products (except for work in process or to balance component inventory) but shall be entitled, for an additional period of six (6) months only, on a non-exclusive basis, to sell and dispose of its inventory subject, however, to the provisions of paragraph D of this Article. Such sales shall be made subject to all of the provisions of this Agreement and to an accounting for and the payment of Sales Royalty thereon but not to the payment of Guaranteed Minimum Royalties. Such accounting and payment shall be made monthly. If Licensor has entered into a license agreement with a new distributor to replace Licensee, then Licensor shall be permitted to purchase Licensee's remaining inventory at Licensee's cost plus ten (10%) percent to cover carrying and handling charges for purposes of distribution by the new licensee. Upon termination of this Agreement, Licensee shall take commercially reasonable efforts to allocate appropriate stock of Licensed Product in order not to have excess stock at the end of the Term. In the event excess stock of Licensed Product is not sold at the end of the Term, Licensee shall have the non-exclusive right for six (6) months (the "Sell-Off Period") from the end of the Term to sell through the Licensed Product pursuant to this Agreement. Licensee agrees to refrain from "dumping" any articles of Licensed Products in the market during the Sell-Off Period. "
Rights on Expiration or Termination. A. If this Agreement expires or is terminated for any reason, Licensee shall cease to manufacture Licensed Products (except for work in process or to balance component inventory) but shall be entitled, for an additional period of six (6) months only, on a non-exclusive basis, to sell and dispose of its inventory subject, however, to the provisions of paragraph D of this Article.
Rights on Expiration or Termination. (a) INJUNCTIVE RELIEF WITH RESPECT TO LICENSED PROPERTY. ABMC hereby acknowledges the irreparable harm that JRSE will incur from any unauthorized use of the Technology and the Proprietary Marks. Notwithstanding any termination or expiration of this Agreement, JRSE shall have and hereby reserves all rights and remedies which it has, or which are granted to it by operation of law or equity, to prohibit the unlawful or unauthorized use of the Technology and the Proprietary Marks, including but not limited to, seeking a temporary restraining order, preliminary and/or permanent injunction. The provisions of Section 21 hereof requiring a cooling off period and compulsory arbitration shall not apply to this section.
Rights on Expiration or Termination. (a) Vendor shall, within [----------]32 from the last day of the month of termination or expiration of this License Agreement, deliver to Company a schedule of Vendor’s inventory of Licensed Products, including work-in-progress at hand and a good-faith estimate of a commercially reasonable run-out of components to complete finished goods within a commercially reasonable time thereafter (“Finished Goods”) in the possession of, or in transit to, Vendor and its Affiliates and shall also use reasonable commercial efforts to obtain a schedule of inventory of Licensed Products from its Approved Distributors or Contractors (collectively the “Final Inventory”).
(b) Upon expiration or termination of this License Agreement, Vendor shall offer the Final Inventory to Company at a price to be negotiated, taking into account the discounted prices offered by Authorized Channels of Distribution and in no event to exceed the purchase price set forth in Section 9.1 of the Master Agreement. Company shall have the option for [----------]33 after Company’s receipt of the Final Inventory from Vendor to purchase all or a portion of the Final Inventory. If [----------]34 or more of the Finished Goods are to be purchased by Company, then Company shall purchase such Finished Goods within [----------]35 following the expiration of such [----------]36 period. If less than [----------]37 but [----------]38 or more of the Finished Goods are to be purchased by Company, then Company shall purchase such Finished Goods within [----------]39 following the expiration of such [----------]40 period. If less than [----------]41 of the Finished Goods are to be purchased by Company, then Company shall purchase such Final Inventory within [----------]42 following the expiration of such [----------]43 period. Company shall have [----------]44 in which to purchase all or a portion of the components that are not used to complete Finished Goods within a commercially reasonable time. 32 Confidential information omitted and filed separately with the SEC with a request for confidential treatment by Inter Parfums, Inc. No. 10.133.32. 33 Confidential information omitted and filed separately with the SEC with a request for confidential treatment by Inter Parfums, Inc. No. 10.133.33. 34 Confidential information omitted and filed separately with the SEC with a request for confidential treatment by Inter Parfums, Inc. No. 10.133.34. 35 Confidential information omitted and filed separately with the SEC with a r...
Rights on Expiration or Termination. References to termination in this Article 14 shall be deemed to include expiration of this Agreement. Upon any termination of this Agreement in its entirety, the following shall apply. In the event that this * Denotes confidential information that has been omitted from the exhibit and filed separately, accompanied by a confidential treatment request, with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934. Agreement is terminated only with respect to a country in the Territory, then the following shall apply.
Rights on Expiration or Termination. The parties will use good faith efforts to mutually agree on a communication plan prior to expiration or termination of this Agreement, including mutually agreeing on a joint notice that the Collection is ending. If the parties have not mutually agreed on a communication plan at least 90 days prior to the expiration or termination of this Agreement, Marriott and Sonder may give notice that the Collection is ending and take any other action reasonably necessary due to the expiration or termination of this Agreement related to customers, Travel Management Companies, suppliers and other Persons affected by such expiration or termination, and neither party will be liable to the other party for any Damages (other than to the extent resulting from third-party Claims to the extent an indemnity exists with respect thereto pursuant to Article 13) related to such notice or action taken in compliance with this Section 19.2.
Rights on Expiration or Termination. 15.1 Notwithstanding any expiration or termination in accordance with Sections 2 or 12 above, each of St. Xxxx and SJ Japan shall have and hereby reserves all rights and remedies which it has, or which are granted to it by operation of law or in equity, to enjoin the unlawful or unauthorized use of the Licensed Trademarks (any of which injunctive relief may be sought in the courts, and also may be sought, prior to or in lieu of termination) and to be compensated for damages for breach of this Agreement. In addition, nothing herein shall be deemed to prevent a party from bringing an action for damages either prior to or in lieu of termination if a default in performance by the other party occurs and is not cured timely in accordance with the provisions of Section 12 above. The parties acknowledge that Licensee's unauthorized use of the Licensed Trademarks will give rise to irreparable injury to both St. Xxxx and SJ Japan, inadequately compensable in damages. Accordingly, in addition to any other remedies which may be available to St. Xxxx or SJ Japan at law or in equity, each shall be entitled to preliminary and permanent injunctive relief against such breach or threatened breach without the necessity of proving actual damages or that monetary damages would be inadequate.
15.2 On the expiration or termination of this Agreement, all of the rights of Licensee under this Agreement shall terminate forthwith and shall revert immediately to SJ Japan and Licensee 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 SJ Japan, free of charge, all registrations, filings and rights with regard to the Licensed Trademarks which it may have possessed at any time. In addition, Licensee thereupon shall deliver to SJ Japan, free of charge, all sketches and other material in its possession which were designed or approved by SJ Japan or any other materials or copies of materials obtained by Licensee from SJ Japan and all labels, tags and other material in its possession with any Licensed Trademark thereon. After the expiration or termination of this Agreement, Licensee shall not use or permit others to use any of said sketches and other material, or any variations or simulations thereof for any purpose whatsoever. 16.
Rights on Expiration or Termination. During the three (3) month period following the termination or expiration of this Agreement, Agent shall, if directed by Owner, continue any or all lease negotiations which were being conducted by Agent at the time of such termination or expiration. Such continued negotiations shall be conducted by Agent pursuant to the provisions of this Agreement. Agent shall submit to Owner, within thirty (30) days following such expiration or termination, a written list of each and every active pending negotiation and prospective tenant, together with full and complete details in respect thereof. In the event that any such pending negotiation is consummated by execution and delivery by Owner of a lease within such three (3) month period, then Owner shall pay to Agent a commission therefor in accordance with the provisions of this Agreement, provided that the tenant executing such lease shall have appeared on the aforesaid list of prospective tenants. Such commission shall be paid in a lump sum upon commencement of payment of rent under such lease.
