Common use of Sale of Remaining Inventory Clause in Contracts

Sale of Remaining Inventory. Upon termination of this AGREEMENT, AVENTIS shall notify GENTA of the amount of PRODUCT AVENTIS, its AFFILIATES and their MARKETING DISTRIBUTORS then have on hand or have committed to purchase or sell in the United States. For a period ending upon the earlier of: (i) AVENTIS, its AFFILIATES and their MARKETING DISTRIBUTORS sale of all PRODUCT in their possession on the date of termination of this AGREEMENT, or (ii) within the twelve (12) month period following such termination (the "Trailing Period"), AVENTIS, its AFFILIATES and their MARKETING DISTRIBUTORS shall be permitted to sell all such PRODUCT and GENTA hereby grants a non-exclusive royalty-free license reasonably necessary to sell such PRODUCT; provided, however, that GENTA shall have the right to purchase such PRODUCT from AVENTIS at the actual cost AVENTIS paid for the manufacture and supply of such PRODUCT. Any remaining quantities of PRODUCT not sold during the Trailing Period shall be destroyed.

Sale of Remaining Inventory. Upon termination of this AGREEMENTAGREEMENT (but not its expiration), AVENTIS shall notify GENTA of the amount of PRODUCT AVENTIS, its AFFILIATES and their MARKETING DISTRIBUTORS then have on hand or have committed to purchase or sell in the United StatesROW. For a period ending upon the earlier of: (i) AVENTIS, its AFFILIATES and their MARKETING DISTRIBUTORS sale of all PRODUCT in their possession on the date of termination of this AGREEMENT, or (ii) within the twelve (12) month period following such termination (the "Trailing Period"), AVENTIS, its AFFILIATES and their MARKETING DISTRIBUTORS shall be permitted to sell all such PRODUCT and GENTA hereby grants a non-exclusive royalty-free license reasonably necessary to sell such PRODUCT; provided, however, that GENTA shall have the right to purchase such PRODUCT from AVENTIS at the actual cost AVENTIS paid for the manufacture and supply of such PRODUCT. Any remaining quantities of PRODUCT not sold during the Trailing Period shall be destroyed.