Common use of Sublicense Fees and Royalties Clause in Contracts

Sublicense Fees and Royalties. In the event Licensee or its Subsidiaries elects to grant to Sublicensees some or all of the sublicense rights pursuant to Section 2.1(c) of the Agreement, Licensee agrees to make the following payments under the following circumstances: Design Rights Fee: Subject to the restrictions on sublicensing contained in the Agreement, Licensee or its Subsidiaries may sublicense free-of-charge to Sublicensees the right for Sublicensees to internally use the Deliverables for the design and development of Devices for which Sonics has previously received a Commencement Notice pursuant to Section 3 of this Exhibit A.

Appears in 3 contracts

Samples: Technology License Agreement (Sonics, Inc.), Technology License Agreement (Sonics, Inc.), Technology License Agreement (Sonics, Inc.)

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Sublicense Fees and Royalties. In the event Licensee or its Subsidiaries elects to grant to Sublicensees some or all of the sublicense rights pursuant to Section 2.1(c) of the Agreement, Licensee agrees to make the following payments under the following circumstances: Design Rights Fee: Subject to the restrictions on sublicensing contained in the Agreement, Licensee or its Subsidiaries may sublicense free-of-charge to Sublicensees the right for Sublicensees to internally use the Deliverables of SMX for the design and development of Devices embedded with SMX for which Sonics has previously received a Commencement Notice pursuant to Section 3 of this Exhibit A.

Appears in 1 contract

Samples: Sonics, Inc.

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