Common use of Rights on Termination Clause in Contracts

Rights on Termination. Upon termination of this Agreement: 7.1 All of the Licensees's rights with respect to the Game, in its original and/or localized form and any part thereof, the game engine, the Client Software, the Server Software, the tools, and the codes will automatically and immediately terminate, and The Licensees shall immediately cease to use the Game in its original and/or localized form and any part thereof, the game engine, the Client Software, the Server Software, the tools, and the codes, and shall destroy or return (at Shengqu's option) any materials representing the same to Shengqu, along with a written confirmation of destruction or return, signed by an officer of The Licensees. 7.2 Any termination of this Agreement shall not affect any rights and obligations accrued as of the date of the termination. For the avoidance of doubt, any monthly royalty payment accrued prior to the termination shall be payable notwithstanding the termination and the payment shall be governed to the same extent by the terms of monthly royalty payment under this Agreement.

Appears in 8 contracts

Samples: Online Game Software Distribution and License Agreement (Shanda Interactive Entertainment LTD), Online Game Software Distribution and License Agreement (Shanda Interactive Entertainment LTD), Online Game Software Distribution and License Agreement (Shanda Interactive Entertainment LTD)

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Rights on Termination. Upon termination of this Agreement: 7.1 All of the LicenseesShengqu's rights with respect to the Game, in its original and/or localized form and any part thereof, the game engine, the Client Software, the Server Software, the tools, and the codes will automatically and immediately terminate, and The Licensees Shengqu shall immediately cease to use the Game in its original and/or localized form and any part thereof, the game engine, the Client Software, the Server Software, the tools, and the codes, and shall destroy or return (at ShengquShengpin's option) any materials representing the same to ShengquShengpin, along with a written confirmation of destruction or return, signed by an officer of The LicenseesShengqu. 7.2 Any termination of this Agreement shall not affect any rights and obligations accrued as of the date of the termination. For the avoidance of doubt, any monthly royalty payment accrued prior to the termination shall be payable notwithstanding the termination and the payment shall be governed to the same extent by the terms of monthly royalty payment under this Agreement.

Appears in 1 contract

Samples: Online Game Distribution and Service Agreement (Shanda Interactive Entertainment LTD)

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Rights on Termination. Upon termination of this Agreement: 7.1 All of the LicenseesXxxxxx Networking's rights with respect to the Game, in its original and/or localized form and any part thereof, the game engine, the Client Software, the Server Software, the tools, and the codes will automatically and immediately terminate, and The Licensees Xxxxxx Networking shall immediately cease to use the Game in its original and/or localized form and any part thereof, the game engine, the Client Software, the Server Software, the tools, and the codes, and shall destroy or return (at Shengqu's option) any materials representing the same to Shengqu, along with a written confirmation of destruction or return, signed by an officer of The LicenseesXxxxxx Networking. 7.2 Any termination of this Agreement shall not affect any rights and obligations accrued as of the date of the termination. For the avoidance of doubt, any monthly royalty payment accrued prior to the termination shall be payable notwithstanding the termination and the payment shall be governed to the same extent by the terms of monthly royalty payment under this Agreement.

Appears in 1 contract

Samples: Online Game Distribution and Service Agreement (Shanda Interactive Entertainment LTD)

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