Common use of Sublicense Requirements Clause in Contracts

Sublicense Requirements. Any Sublicense: (A) is subject to this Agreement; (B) will reflect that any sublicensee will not further sublicense; (C) will prohibit sublicensee from paying royalties to an escrow or other similar account; (D) will expressly include the provisions of Articles 8, 9, 10, 13, and Section 19.6 for the benefit of Stanford and/or HHMI, as applicable; and (E) will include the provisions of Section 4.4 and require the transfer of all the sublicensee’s obligations to Alexo, including the payment of royalties specified in the Sublicense, to Stanford or its designee, if this Agreement is terminated. If the sublicensee is a spin-out from Alexo, Alexo must guarantee the sublicensee’s performance with respect to the payment of Stanford’s share of Sublicense royalties.

Sublicense Requirements. Any Sublicensesublicense: (A) is subject to this Agreement; (B) will reflect that any sublicensee will not further sublicensesublicense without the consent of Stanford, which will not be unreasonably withheld or delayed; (C) will prohibit sublicensee from paying royalties to an escrow or other similar account; (D) will expressly include the provisions of Articles 8, 9, 10, 13, and Section 19.6 10 for the benefit of Stanford and/or HHMI, as applicable; andStanford; (E) will include the provisions of Section Article 4.4 and require the transfer of all the sublicensee’s obligations to AlexoRUGA, including the payment of royalties specified in the Sublicensethis Agreement, to Stanford or its designee, if this Agreement is terminated. If , in which case Stanford shall permit such sublicensee to continue to practice under the sublicensee is a spin-out from Alexo, Alexo must guarantee the sublicensee’s performance with respect to the payment of Stanford’s share of Sublicense royaltiesLicensed Patents and Technology.